Can I retire at age 45 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$143,688$142,408$141,159$139,940$138,750$137,818
2 years$71,132$69,808$68,524$67,279$66,071$65,131
3 years$46,951$45,620$44,339$43,106$41,918$40,999
4 years$34,862$33,536$32,268$31,056$29,897$29,006
5 years$27,611$26,292$25,041$23,854$22,727$21,867
6 years$22,778$21,470$20,237$19,076$17,983$17,155
7 years$19,328$18,030$16,817$15,683$14,625$13,829
8 years$16,741$15,455$14,262$13,156$12,133$11,370
9 years$14,730$13,457$12,284$11,206$10,218$9,487
10 years$13,122$11,861$10,709$9,660$8,706$8,007
11 years$11,808$10,559$9,428$8,407$7,487$6,819
12 years$10,713$9,478$8,367$7,374$6,488$5,851
13 years$9,788$8,565$7,476$6,510$5,658$5,051
14 years$8,995$7,785$6,717$5,779$4,960$4,382
15 years$8,309$7,112$6,065$5,154$4,367$3,818
16 years$7,709$6,525$5,498$4,615$3,860$3,338
17 years$7,180$6,009$5,003$4,146$3,422$2,928
18 years$6,711$5,553$4,567$3,737$3,043$2,574
19 years$6,291$5,146$4,181$3,376$2,712$2,269
20 years$5,914$4,782$3,837$3,058$2,423$2,003
21 years$5,573$4,455$3,530$2,775$2,168$1,772
22 years$5,263$4,158$3,253$2,523$1,943$1,570
23 years$4,981$3,889$3,004$2,298$1,744$1,392
24 years$4,723$3,644$2,778$2,096$1,568$1,236
25 years$4,486$3,419$2,573$1,914$1,411$1,099
26 years$4,267$3,214$2,386$1,750$1,271$978
27 years$4,065$3,025$2,216$1,602$1,146$871
28 years$3,878$2,850$2,060$1,468$1,034$776
29 years$3,704$2,689$1,917$1,346$934$692
30 years$3,542$2,539$1,786$1,235$843$617
31 years$3,391$2,400$1,665$1,135$763$551
32 years$3,249$2,271$1,553$1,043$690$492
33 years$3,116$2,151$1,450$959$624$439
34 years$2,991$2,039$1,355$882$565$392
35 years$2,874$1,934$1,267$812$512$351
36 years$2,764$1,835$1,185$748$464$314
37 years$2,659$1,743$1,109$689$420$280
38 years$2,561$1,656$1,039$635$381$251
39 years$2,467$1,575$973$586$346$224
40 years$2,379$1,499$912$540$313$201
41 years$2,295$1,427$855$498$284$180
42 years$2,215$1,359$802$460$258$161
43 years$2,139$1,294$753$425$234$144
44 years$2,067$1,234$707$392$213$129
45 years$1,999$1,177$664$362$193$115
46 years$1,933$1,122$623$334$175$103
47 years$1,871$1,071$585$309$159$92
48 years$1,811$1,023$550$286$145$83
49 years$1,754$977$517$264$131$74
50 years$1,699$933$486$244$119$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,740,000, adding $4,326 every year, while hoping to spend $51,847 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: 79/13/8 Blend
44$1,740,000$1,740,000$1,740,000$1,740,000
45$1,921,942$1,829,722$1,802,752$2,071,375
46$2,062,816$1,864,214$1,807,980$2,204,497
47$2,216,320$1,898,658$1,811,644$2,343,291
48$2,383,690$1,932,997$1,813,640$2,494,008
49$2,566,283$1,967,170$1,813,853$2,657,813
50$2,765,592$2,001,111$1,812,166$2,835,988
51$2,983,265$2,034,747$1,808,455$3,029,946
52$3,221,110$2,068,002$1,802,591$3,241,242
53$3,481,123$2,100,794$1,794,438$3,471,589
54$3,765,498$2,133,033$1,783,852$3,722,875
55$4,076,653$2,164,625$1,770,684$3,997,179
56$4,417,248$2,195,468$1,754,779$4,296,791
57$4,790,214$2,225,453$1,735,971$4,624,234
58$5,198,778$2,254,463$1,714,088$4,982,288
59$5,646,495$2,282,373$1,688,952$5,374,015
60$6,137,278$2,309,050$1,660,372$5,802,789
61$6,675,439$2,334,352$1,628,153$6,272,328
62$7,265,725$2,358,127$1,592,088$6,786,728
63$7,913,366$2,380,212$1,551,960$7,350,501
64$8,624,123$2,400,435$1,507,543$7,968,621
65$9,404,339$2,418,613$1,458,602$8,646,566
66$10,261,006$2,434,549$1,404,889$9,390,376
67$11,201,821$2,448,034$1,346,146$10,206,703
68$12,235,266$2,458,848$1,282,101$11,102,878
69$13,370,685$2,466,753$1,212,473$12,086,980
70$14,618,371$2,471,499$1,136,967$13,167,912
71$15,989,662$2,472,821$1,055,273$14,355,485
72$17,497,052$2,470,433$967,069$15,660,508
73$19,154,304$2,464,037$872,018$17,094,896
74$20,976,581$2,453,313$769,769$18,671,778
75$22,980,589$2,437,922$659,953$20,405,620
76$25,184,735$2,417,505$542,187$22,312,366
77$27,609,297$2,391,682$416,069$24,409,588
78$30,276,619$2,360,049$281,182$26,716,647
79$33,211,321$2,322,178$137,088$29,254,881
80$36,440,527$2,277,615$0$32,047,807
81$39,994,123$2,225,881$0$35,122,762
82$43,905,041$2,166,467$0$38,519,463
83$48,209,566$2,098,835$0$42,257,710
84$52,947,678$2,022,414$0$46,372,232
85$58,163,430$1,936,601$0$50,901,298
86$63,905,364$1,840,759$0$55,887,082
87$70,226,968$1,734,213$0$61,376,056
88$77,187,178$1,616,248$0$67,419,431
89$84,850,936$1,486,111$0$74,073,644
90$93,289,804$1,343,002$0$81,400,883
91$102,582,635$1,186,080$0$89,469,684
92$112,816,318$1,014,452$0$98,355,568
93$124,086,600$827,178$0$108,141,762
94$136,498,986$623,263$0$118,919,980
95$150,169,735$401,655$0$130,791,294
96$165,226,958$161,246$0$143,867,082
97$181,811,825$0$0$158,270,084
98$200,079,897$0$0$174,149,742
99$220,202,596$0$0$191,667,033
100$242,368,818$0$0$210,963,339