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

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%15.5%
1 years$142,036$140,771$139,536$138,332$137,155$134,057
2 years$70,315$69,005$67,736$66,506$65,312$62,208
3 years$46,411$45,096$43,830$42,611$41,437$38,423
4 years$34,461$33,150$31,897$30,699$29,553$26,652
5 years$27,293$25,990$24,753$23,580$22,466$19,687
6 years$22,516$21,223$20,004$18,857$17,776$15,122
7 years$19,106$17,823$16,624$15,503$14,457$11,928
8 years$16,549$15,278$14,098$13,005$11,993$9,589
9 years$14,561$13,302$12,143$11,078$10,100$7,818
10 years$12,972$11,725$10,586$9,549$8,606$6,443
11 years$11,672$10,438$9,320$8,310$7,401$5,356
12 years$10,590$9,369$8,271$7,289$6,414$4,482
13 years$9,675$8,466$7,390$6,435$5,593$3,771
14 years$8,892$7,696$6,640$5,713$4,903$3,188
15 years$8,213$7,030$5,995$5,095$4,317$2,704
16 years$7,620$6,450$5,435$4,562$3,815$2,301
17 years$7,098$5,940$4,946$4,099$3,383$1,963
18 years$6,633$5,489$4,515$3,694$3,008$1,678
19 years$6,219$5,087$4,133$3,338$2,681$1,438
20 years$5,846$4,727$3,793$3,023$2,395$1,233
21 years$5,509$4,403$3,489$2,743$2,143$1,059
22 years$5,203$4,110$3,216$2,494$1,921$911
23 years$4,924$3,844$2,969$2,272$1,724$784
24 years$4,669$3,602$2,746$2,072$1,550$675
25 years$4,434$3,380$2,543$1,892$1,395$582
26 years$4,218$3,177$2,359$1,730$1,256$502
27 years$4,019$2,990$2,190$1,584$1,133$433
28 years$3,834$2,817$2,036$1,451$1,022$374
29 years$3,661$2,658$1,895$1,331$923$323
30 years$3,501$2,510$1,765$1,221$834$279
31 years$3,352$2,373$1,645$1,121$754$241
32 years$3,212$2,245$1,535$1,031$682$209
33 years$3,080$2,126$1,433$948$617$180
34 years$2,957$2,015$1,339$872$559$156
35 years$2,841$1,911$1,252$803$506$135
36 years$2,732$1,814$1,171$739$459$117
37 years$2,629$1,723$1,096$681$416$101
38 years$2,531$1,637$1,027$628$377$87
39 years$2,439$1,557$962$579$342$76
40 years$2,352$1,481$902$534$310$65
41 years$2,269$1,410$845$493$281$57
42 years$2,190$1,343$793$455$255$49
43 years$2,115$1,280$744$420$232$42
44 years$2,044$1,220$699$388$210$37
45 years$1,976$1,163$656$358$191$32
46 years$1,911$1,110$616$331$173$28
47 years$1,849$1,059$579$305$157$24
48 years$1,790$1,011$544$282$143$21
49 years$1,733$965$511$261$130$18
50 years$1,679$922$481$241$118$15

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 $5,677 every year, while hoping to spend $59,519 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: 68/18/14 Blend
44$1,720,000$1,720,000$1,720,000$1,720,000
45$1,901,296$1,810,136$1,783,476$2,024,111
46$2,031,900$1,835,505$1,779,895$2,131,986
47$2,173,831$1,860,122$1,774,198$2,242,333
48$2,328,182$1,883,888$1,766,254$2,361,505
49$2,496,154$1,906,695$1,755,921$2,490,364
50$2,679,070$1,928,431$1,743,052$2,629,857
51$2,878,384$1,948,974$1,727,494$2,781,031
52$3,095,700$1,968,194$1,709,085$2,945,037
53$3,332,778$1,985,953$1,687,657$3,123,146
54$3,591,561$2,002,104$1,663,032$3,316,759
55$3,874,182$2,016,489$1,635,026$3,527,420
56$4,182,994$2,028,942$1,603,445$3,756,832
57$4,520,585$2,039,285$1,568,085$4,006,871
58$4,889,803$2,047,330$1,528,735$4,279,607
59$5,293,788$2,052,874$1,485,173$4,577,320
60$5,735,994$2,055,704$1,437,165$4,902,527
61$6,220,226$2,055,594$1,384,471$5,258,001
62$6,750,672$2,052,301$1,326,834$5,646,799
63$7,331,948$2,045,571$1,263,990$6,072,291
64$7,969,134$2,035,131$1,195,661$6,538,195
65$8,667,827$2,020,694$1,121,557$7,048,608
66$9,434,190$2,001,953$1,041,374$7,608,048
67$10,275,014$1,978,585$954,796$8,221,496
68$11,197,775$1,950,245$861,491$8,894,442
69$12,210,711$1,916,570$761,115$9,632,941
70$13,322,895$1,877,175$653,304$10,443,667
71$14,544,324$1,831,649$537,683$11,333,979
72$15,886,006$1,779,561$413,857$12,311,990
73$17,360,073$1,720,453$281,414$13,386,642
74$18,979,885$1,653,841$139,927$14,567,797
75$20,760,164$1,579,210$0$15,866,324
76$22,717,129$1,496,019$0$17,295,859
77$24,868,645$1,403,693$0$18,890,374
78$27,234,399$1,301,626$0$20,643,581
79$29,836,078$1,189,176$0$22,571,609
80$32,697,577$1,065,665$0$24,692,238
81$35,845,224$930,376$0$27,025,059
82$39,308,023$782,551$0$29,591,665
83$43,117,935$621,390$0$32,415,854
84$47,310,175$446,048$0$35,523,853
85$51,923,540$255,632$0$38,944,569
86$57,000,781$49,198$0$42,709,859
87$62,589,005$0$0$46,854,833
88$68,740,112$0$0$51,452,699
89$75,511,294$0$0$56,524,912
90$82,965,567$0$0$62,108,948
91$91,172,367$0$0$68,256,839
92$100,208,207$0$0$75,025,917
93$110,157,394$0$0$82,479,358
94$121,112,829$0$0$90,686,775
95$133,176,879$0$0$99,724,876
96$146,462,344$0$0$109,678,187
97$161,093,522$0$0$120,639,849
98$177,207,378$0$0$132,712,496
99$194,954,840$0$0$146,009,227
100$214,502,221$0$0$160,654,665