Can I retire at age 45 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$151,945$150,592$149,272$147,983$146,724$144,353
2 years$75,221$73,820$72,462$71,146$69,869$67,486
3 years$49,649$48,242$46,888$45,584$44,328$42,008
4 years$36,866$35,463$34,122$32,840$31,615$29,376
5 years$29,198$27,803$26,480$25,225$24,033$21,882
6 years$24,087$22,704$21,400$20,172$19,017$16,955
7 years$20,438$19,066$17,783$16,585$15,466$13,494
8 years$17,703$16,343$15,082$13,913$12,830$10,949
9 years$15,577$14,230$12,990$11,850$10,805$9,012
10 years$13,877$12,543$11,325$10,215$9,206$7,501
11 years$12,487$11,166$9,970$8,890$7,918$6,299
12 years$11,329$10,022$8,848$7,798$6,861$5,326
13 years$10,350$9,057$7,905$6,884$5,983$4,529
14 years$9,512$8,233$7,103$6,111$5,245$3,870
15 years$8,786$7,521$6,413$5,450$4,618$3,320
16 years$8,152$6,900$5,814$4,880$4,081$2,857
17 years$7,593$6,355$5,291$4,385$3,619$2,465
18 years$7,096$5,872$4,830$3,951$3,218$2,132
19 years$6,652$5,442$4,422$3,570$2,868$1,848
20 years$6,254$5,057$4,058$3,234$2,562$1,605
21 years$5,893$4,711$3,732$2,935$2,292$1,395
22 years$5,566$4,397$3,440$2,668$2,055$1,215
23 years$5,268$4,113$3,176$2,430$1,845$1,059
24 years$4,995$3,853$2,938$2,216$1,658$923
25 years$4,744$3,616$2,721$2,024$1,492$806
26 years$4,513$3,398$2,523$1,851$1,344$704
27 years$4,299$3,198$2,343$1,694$1,212$616
28 years$4,101$3,014$2,178$1,552$1,093$539
29 years$3,917$2,843$2,027$1,423$987$471
30 years$3,745$2,685$1,888$1,306$892$413
31 years$3,585$2,538$1,760$1,200$806$361
32 years$3,436$2,402$1,642$1,103$729$317
33 years$3,295$2,274$1,533$1,014$660$277
34 years$3,163$2,156$1,433$933$598$243
35 years$3,039$2,045$1,340$859$541$213
36 years$2,922$1,941$1,253$791$491$187
37 years$2,812$1,843$1,173$729$445$164
38 years$2,708$1,752$1,098$672$403$144
39 years$2,609$1,666$1,029$619$365$126
40 years$2,516$1,585$965$571$332$111
41 years$2,427$1,509$904$527$301$97
42 years$2,343$1,437$848$486$273$85
43 years$2,262$1,369$796$449$248$75
44 years$2,186$1,305$747$415$225$66
45 years$2,114$1,244$702$383$204$58
46 years$2,044$1,187$659$354$185$51
47 years$1,978$1,133$619$327$168$44
48 years$1,915$1,081$582$302$153$39
49 years$1,854$1,033$547$279$139$34
50 years$1,796$986$514$258$126$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,840,000, adding $6,255 every year, while hoping to spend $20,247 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: 63/8/29 Blend
44$1,840,000$1,840,000$1,840,000$1,840,000
45$2,034,132$1,936,612$1,908,092$2,146,118
46$2,220,071$2,009,963$1,950,470$2,296,246
47$2,424,297$2,086,230$1,993,590$2,457,409
48$2,648,654$2,165,534$2,037,454$2,633,027
49$2,895,173$2,248,002$2,082,066$2,824,523
50$3,166,093$2,333,766$2,127,427$3,033,463
51$3,463,878$2,422,965$2,173,539$3,261,569
52$3,791,245$2,515,741$2,220,404$3,510,741
53$4,151,186$2,612,247$2,268,022$3,783,067
54$4,546,998$2,712,638$2,316,391$4,080,851
55$4,982,313$2,817,078$2,365,512$4,406,628
56$5,461,133$2,925,739$2,415,380$4,763,188
57$5,987,867$3,038,799$2,465,994$5,153,609
58$6,567,374$3,156,444$2,517,349$5,581,276
59$7,205,006$3,278,870$2,569,440$6,049,921
60$7,906,661$3,406,279$2,622,261$6,563,655
61$8,678,837$3,538,883$2,675,803$7,127,003
62$9,528,694$3,676,904$2,730,058$7,744,953
63$10,464,122$3,820,574$2,785,017$8,422,998
64$11,493,814$3,970,134$2,840,666$9,167,192
65$12,627,349$4,125,836$2,896,995$9,984,201
66$13,875,281$4,287,944$2,953,986$10,881,371
67$15,249,241$4,456,734$3,011,626$11,866,795
68$16,762,043$4,632,493$3,069,894$12,949,388
69$18,427,807$4,815,522$3,128,772$14,138,973
70$20,262,096$5,006,135$3,188,238$15,446,372
71$22,282,053$5,204,658$3,248,267$16,883,511
72$24,506,572$5,411,436$3,308,834$18,463,526
73$26,956,472$5,626,827$3,369,910$20,200,893
74$29,654,694$5,851,203$3,431,464$22,111,561
75$32,626,518$6,084,957$3,493,463$24,213,104
76$35,899,800$6,328,497$3,555,871$26,524,885
77$39,505,236$6,582,250$3,618,649$29,068,240
78$43,476,651$6,846,662$3,681,755$31,866,676
79$47,851,320$7,122,199$3,745,144$34,946,098
80$52,670,317$7,409,349$3,808,769$38,335,049
81$57,978,904$7,708,621$3,872,577$42,064,980
82$63,826,958$8,020,549$3,936,514$46,170,545
83$70,269,440$8,345,689$4,000,520$50,689,934
84$77,366,918$8,684,622$4,064,532$55,665,224
85$85,186,133$9,037,958$4,128,484$61,142,783
86$93,800,634$9,406,334$4,192,303$67,173,705
87$103,291,467$9,790,413$4,255,914$73,814,291
88$113,747,945$10,190,891$4,319,235$81,126,581
89$125,268,488$10,608,497$4,382,182$89,178,939
90$137,961,551$11,043,991$4,444,662$98,046,698
91$151,946,650$11,498,167$4,506,579$107,812,872
92$167,355,489$11,971,859$4,567,831$118,568,937
93$184,333,204$12,465,935$4,628,308$130,415,694
94$203,039,731$12,981,305$4,687,896$143,464,223
95$223,651,316$13,518,922$4,746,474$157,836,930
96$246,362,182$14,079,780$4,803,912$173,668,700
97$271,386,356$14,664,921$4,860,074$191,108,170
98$298,959,696$15,275,434$4,914,818$210,319,135
99$329,342,112$15,912,458$4,967,992$231,482,093
100$362,820,023$16,577,184$5,019,436$254,795,943