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%19.2%
1 years$142,036$140,771$139,536$138,332$137,155$132,079
2 years$70,315$69,005$67,736$66,506$65,312$60,255
3 years$46,411$45,096$43,830$42,611$41,437$36,558
4 years$34,461$33,150$31,897$30,699$29,553$24,890
5 years$27,293$25,990$24,753$23,580$22,466$18,030
6 years$22,516$21,223$20,004$18,857$17,776$13,572
7 years$19,106$17,823$16,624$15,503$14,457$10,482
8 years$16,549$15,278$14,098$13,005$11,993$8,245
9 years$14,561$13,302$12,143$11,078$10,100$6,573
10 years$12,972$11,725$10,586$9,549$8,606$5,293
11 years$11,672$10,438$9,320$8,310$7,401$4,296
12 years$10,590$9,369$8,271$7,289$6,414$3,508
13 years$9,675$8,466$7,390$6,435$5,593$2,879
14 years$8,892$7,696$6,640$5,713$4,903$2,372
15 years$8,213$7,030$5,995$5,095$4,317$1,960
16 years$7,620$6,450$5,435$4,562$3,815$1,624
17 years$7,098$5,940$4,946$4,099$3,383$1,349
18 years$6,633$5,489$4,515$3,694$3,008$1,122
19 years$6,219$5,087$4,133$3,338$2,681$935
20 years$5,846$4,727$3,793$3,023$2,395$779
21 years$5,509$4,403$3,489$2,743$2,143$651
22 years$5,203$4,110$3,216$2,494$1,921$544
23 years$4,924$3,844$2,969$2,272$1,724$454
24 years$4,669$3,602$2,746$2,072$1,550$380
25 years$4,434$3,380$2,543$1,892$1,395$318
26 years$4,218$3,177$2,359$1,730$1,256$266
27 years$4,019$2,990$2,190$1,584$1,133$223
28 years$3,834$2,817$2,036$1,451$1,022$187
29 years$3,661$2,658$1,895$1,331$923$157
30 years$3,501$2,510$1,765$1,221$834$131
31 years$3,352$2,373$1,645$1,121$754$110
32 years$3,212$2,245$1,535$1,031$682$92
33 years$3,080$2,126$1,433$948$617$77
34 years$2,957$2,015$1,339$872$559$65
35 years$2,841$1,911$1,252$803$506$54
36 years$2,732$1,814$1,171$739$459$46
37 years$2,629$1,723$1,096$681$416$38
38 years$2,531$1,637$1,027$628$377$32
39 years$2,439$1,557$962$579$342$27
40 years$2,352$1,481$902$534$310$23
41 years$2,269$1,410$845$493$281$19
42 years$2,190$1,343$793$455$255$16
43 years$2,115$1,280$744$420$232$13
44 years$2,044$1,220$699$388$210$11
45 years$1,976$1,163$656$358$191$9
46 years$1,911$1,110$616$331$173$8
47 years$1,849$1,059$579$305$157$7
48 years$1,790$1,011$544$282$143$6
49 years$1,733$965$511$261$130$5
50 years$1,679$922$481$241$118$4

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 $2,213 every year, while hoping to spend $35,597 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: 49/35/16 Blend
44$1,720,000$1,720,000$1,720,000$1,720,000
45$1,897,723$1,806,563$1,779,903$1,982,171
46$2,053,415$1,857,209$1,801,655$2,091,345
47$2,223,796$1,909,145$1,822,942$2,206,021
48$2,410,324$1,962,394$1,843,712$2,329,817
49$2,614,609$2,016,983$1,863,908$2,463,601
50$2,838,422$2,072,938$1,883,472$2,608,330
51$3,083,713$2,130,284$1,902,340$2,765,054
52$3,352,631$2,189,047$1,920,447$2,934,934
53$3,647,541$2,249,252$1,937,724$3,119,245
54$3,971,049$2,310,924$1,954,097$3,319,391
55$4,326,026$2,374,090$1,969,489$3,536,919
56$4,715,634$2,438,773$1,983,820$3,773,532
57$5,143,355$2,504,999$1,997,005$4,031,106
58$5,613,026$2,572,793$2,008,952$4,311,706
59$6,128,871$2,642,177$2,019,569$4,617,608
60$6,695,548$2,713,175$2,028,756$4,951,318
61$7,318,184$2,785,810$2,036,410$5,315,596
62$8,002,428$2,860,105$2,042,419$5,713,483
63$8,754,507$2,936,081$2,046,671$6,148,330
64$9,581,275$3,013,758$2,049,044$6,623,826
65$10,490,290$3,093,156$2,049,411$7,144,039
66$11,489,872$3,174,294$2,047,639$7,713,446
67$12,589,194$3,257,189$2,043,590$8,336,984
68$13,798,359$3,341,858$2,037,117$9,020,091
69$15,128,498$3,428,316$2,028,067$9,768,757
70$16,591,876$3,516,575$2,016,279$10,589,583
71$18,202,008$3,606,647$2,001,584$11,489,844
72$19,973,782$3,698,542$1,983,807$12,477,554
73$21,923,605$3,792,268$1,962,762$13,561,545
74$24,069,554$3,887,830$1,938,255$14,751,547
75$26,431,546$3,985,232$1,910,085$16,058,285
76$29,031,529$4,084,473$1,878,038$17,493,573
77$31,893,685$4,185,553$1,841,892$19,070,434
78$35,044,661$4,288,464$1,801,415$20,803,215
79$38,513,817$4,393,200$1,756,363$22,707,727
80$42,333,507$4,499,748$1,706,483$24,801,395
81$46,539,381$4,608,092$1,651,506$27,103,418
82$51,170,722$4,718,212$1,591,155$29,634,957
83$56,270,816$4,830,084$1,525,139$32,419,327
84$61,887,360$4,943,680$1,453,152$35,482,224
85$68,072,915$5,058,965$1,374,877$38,851,964
86$74,885,398$5,175,899$1,289,981$42,559,753
87$82,388,629$5,294,438$1,198,115$46,639,977
88$90,652,934$5,414,531$1,098,918$51,130,534
89$99,755,809$5,536,119$992,007$56,073,185
90$109,782,651$5,659,138$876,989$61,513,954
91$120,827,560$5,783,515$753,447$67,503,558
92$132,994,233$5,909,169$620,949$74,097,892
93$146,396,938$6,036,011$479,044$81,358,549
94$161,161,594$6,163,944$327,260$89,353,411
95$177,426,957$6,292,858$165,104$98,157,282
96$195,345,935$6,422,636$0$107,852,601
97$215,087,023$6,553,148$0$118,531,573
98$236,835,900$6,684,253$0$130,323,128
99$260,797,178$6,815,797$0$143,309,479
100$287,196,332$6,947,614$0$157,612,317