Can I retire at age 45 with 1,720,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$142,036$140,771$139,536$138,332$137,155$132,978
2 years$70,315$69,005$67,736$66,506$65,312$61,139
3 years$46,411$45,096$43,830$42,611$41,437$37,399
4 years$34,461$33,150$31,897$30,699$29,553$25,682
5 years$27,293$25,990$24,753$23,580$22,466$18,772
6 years$22,516$21,223$20,004$18,857$17,776$14,262
7 years$19,106$17,823$16,624$15,503$14,457$11,123
8 years$16,549$15,278$14,098$13,005$11,993$8,837
9 years$14,561$13,302$12,143$11,078$10,100$7,118
10 years$12,972$11,725$10,586$9,549$8,606$5,794
11 years$11,672$10,438$9,320$8,310$7,401$4,755
12 years$10,590$9,369$8,271$7,289$6,414$3,927
13 years$9,675$8,466$7,390$6,435$5,593$3,260
14 years$8,892$7,696$6,640$5,713$4,903$2,718
15 years$8,213$7,030$5,995$5,095$4,317$2,274
16 years$7,620$6,450$5,435$4,562$3,815$1,907
17 years$7,098$5,940$4,946$4,099$3,383$1,604
18 years$6,633$5,489$4,515$3,694$3,008$1,351
19 years$6,219$5,087$4,133$3,338$2,681$1,140
20 years$5,846$4,727$3,793$3,023$2,395$963
21 years$5,509$4,403$3,489$2,743$2,143$815
22 years$5,203$4,110$3,216$2,494$1,921$690
23 years$4,924$3,844$2,969$2,272$1,724$584
24 years$4,669$3,602$2,746$2,072$1,550$496
25 years$4,434$3,380$2,543$1,892$1,395$420
26 years$4,218$3,177$2,359$1,730$1,256$357
27 years$4,019$2,990$2,190$1,584$1,133$303
28 years$3,834$2,817$2,036$1,451$1,022$257
29 years$3,661$2,658$1,895$1,331$923$219
30 years$3,501$2,510$1,765$1,221$834$186
31 years$3,352$2,373$1,645$1,121$754$158
32 years$3,212$2,245$1,535$1,031$682$134
33 years$3,080$2,126$1,433$948$617$114
34 years$2,957$2,015$1,339$872$559$97
35 years$2,841$1,911$1,252$803$506$83
36 years$2,732$1,814$1,171$739$459$70
37 years$2,629$1,723$1,096$681$416$60
38 years$2,531$1,637$1,027$628$377$51
39 years$2,439$1,557$962$579$342$43
40 years$2,352$1,481$902$534$310$37
41 years$2,269$1,410$845$493$281$31
42 years$2,190$1,343$793$455$255$27
43 years$2,115$1,280$744$420$232$23
44 years$2,044$1,220$699$388$210$19
45 years$1,976$1,163$656$358$191$16
46 years$1,911$1,110$616$331$173$14
47 years$1,849$1,059$579$305$157$12
48 years$1,790$1,011$544$282$143$10
49 years$1,733$965$511$261$130$9
50 years$1,679$922$481$241$118$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,720,000, adding $3,639 every year, while hoping to spend $49,557 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 82/8/10 Blend
44$1,720,000$1,720,000$1,720,000$1,720,000
45$1,899,194$1,808,034$1,781,374$2,051,681
46$2,040,183$1,843,899$1,788,321$2,187,948
47$2,193,893$1,879,861$1,793,841$2,330,585
48$2,361,567$1,915,872$1,797,832$2,485,693
49$2,544,577$1,951,880$1,800,190$2,654,494
50$2,744,432$1,987,829$1,800,804$2,838,337
51$2,962,791$2,023,660$1,799,558$3,038,704
52$3,201,483$2,059,307$1,796,330$3,257,230
53$3,462,521$2,094,700$1,790,994$3,495,715
54$3,748,122$2,129,763$1,783,416$3,756,142
55$4,060,724$2,164,416$1,773,455$4,040,694
56$4,403,017$2,198,571$1,760,964$4,351,779
57$4,777,959$2,232,135$1,745,791$4,692,046
58$5,188,809$2,265,008$1,727,773$5,064,415
59$5,639,155$2,297,081$1,706,741$5,472,103
60$6,132,951$2,328,240$1,682,519$5,918,654
61$6,674,550$2,358,362$1,654,921$6,407,973
62$7,268,748$2,387,315$1,623,755$6,944,363
63$7,920,825$2,414,959$1,588,816$7,532,563
64$8,636,600$2,441,143$1,549,892$8,177,797
65$9,422,482$2,465,708$1,506,762$8,885,819
66$10,285,530$2,488,482$1,459,193$9,662,970
67$11,233,520$2,509,283$1,406,942$10,516,238
68$12,275,019$2,527,918$1,349,755$11,453,322
69$13,419,465$2,544,181$1,287,366$12,482,705
70$14,677,255$2,557,850$1,219,497$13,613,735
71$16,059,843$2,568,693$1,145,858$14,856,714
72$17,579,849$2,576,461$1,066,146$16,222,994
73$19,251,175$2,580,889$980,044$17,725,082
74$21,089,140$2,581,697$887,220$19,376,764
75$23,110,618$2,578,586$787,328$21,193,227
76$25,334,205$2,571,240$680,007$23,191,212
77$27,780,385$2,559,323$564,879$25,389,163
78$30,471,732$2,542,477$441,550$27,807,407
79$33,433,116$2,520,326$309,609$30,468,344
80$36,691,939$2,492,467$168,626$33,396,658
81$40,278,394$2,458,474$18,152$36,619,552
82$44,225,749$2,417,899$0$40,167,001
83$48,570,662$2,370,262$0$44,087,239
84$53,353,523$2,315,059$0$48,404,526
85$58,618,839$2,251,754$0$53,157,096
86$64,415,650$2,179,779$0$58,389,217
87$70,797,992$2,098,534$0$64,149,667
88$77,825,410$2,007,385$0$70,492,200
89$85,563,514$1,905,659$0$77,476,047
90$94,084,602$1,792,646$0$85,166,481
91$103,468,339$1,667,593$0$93,635,426
92$113,802,512$1,529,708$0$102,962,143
93$125,183,853$1,378,148$0$113,233,973
94$137,718,956$1,212,027$0$124,547,164
95$151,525,279$1,030,406$0$137,007,776
96$166,732,255$832,293$0$150,732,688
97$183,482,512$616,642$0$165,850,695
98$201,933,217$382,347$0$182,503,728
99$222,257,562$128,239$0$200,848,191
100$244,646,396$0$0$221,056,439