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%17.5%
1 years$151,945$150,592$149,272$147,983$146,724$142,255
2 years$75,221$73,820$72,462$71,146$69,869$65,405
3 years$49,649$48,242$46,888$45,584$44,328$40,009
4 years$36,866$35,463$34,122$32,840$31,615$27,474
5 years$29,198$27,803$26,480$25,225$24,033$20,081
6 years$24,087$22,704$21,400$20,172$19,017$15,257
7 years$20,438$19,066$17,783$16,585$15,466$11,899
8 years$17,703$16,343$15,082$13,913$12,830$9,454
9 years$15,577$14,230$12,990$11,850$10,805$7,615
10 years$13,877$12,543$11,325$10,215$9,206$6,198
11 years$12,487$11,166$9,970$8,890$7,918$5,087
12 years$11,329$10,022$8,848$7,798$6,861$4,201
13 years$10,350$9,057$7,905$6,884$5,983$3,488
14 years$9,512$8,233$7,103$6,111$5,245$2,908
15 years$8,786$7,521$6,413$5,450$4,618$2,432
16 years$8,152$6,900$5,814$4,880$4,081$2,040
17 years$7,593$6,355$5,291$4,385$3,619$1,716
18 years$7,096$5,872$4,830$3,951$3,218$1,445
19 years$6,652$5,442$4,422$3,570$2,868$1,219
20 years$6,254$5,057$4,058$3,234$2,562$1,030
21 years$5,893$4,711$3,732$2,935$2,292$871
22 years$5,566$4,397$3,440$2,668$2,055$738
23 years$5,268$4,113$3,176$2,430$1,845$625
24 years$4,995$3,853$2,938$2,216$1,658$530
25 years$4,744$3,616$2,721$2,024$1,492$450
26 years$4,513$3,398$2,523$1,851$1,344$382
27 years$4,299$3,198$2,343$1,694$1,212$324
28 years$4,101$3,014$2,178$1,552$1,093$275
29 years$3,917$2,843$2,027$1,423$987$234
30 years$3,745$2,685$1,888$1,306$892$199
31 years$3,585$2,538$1,760$1,200$806$169
32 years$3,436$2,402$1,642$1,103$729$144
33 years$3,295$2,274$1,533$1,014$660$122
34 years$3,163$2,156$1,433$933$598$104
35 years$3,039$2,045$1,340$859$541$88
36 years$2,922$1,941$1,253$791$491$75
37 years$2,812$1,843$1,173$729$445$64
38 years$2,708$1,752$1,098$672$403$54
39 years$2,609$1,666$1,029$619$365$46
40 years$2,516$1,585$965$571$332$39
41 years$2,427$1,509$904$527$301$34
42 years$2,343$1,437$848$486$273$29
43 years$2,262$1,369$796$449$248$24
44 years$2,186$1,305$747$415$225$21
45 years$2,114$1,244$702$383$204$18
46 years$2,044$1,187$659$354$185$15
47 years$1,978$1,133$619$327$168$13
48 years$1,915$1,081$582$302$153$11
49 years$1,854$1,033$547$279$139$9
50 years$1,796$986$514$258$126$8

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 $2,933 every year, while hoping to spend $40,221 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: 61/25/14 Blend
44$1,840,000$1,840,000$1,840,000$1,840,000
45$2,030,705$1,933,185$1,904,665$2,147,405
46$2,195,043$1,985,117$1,925,677$2,278,162
47$2,374,794$2,038,244$1,946,044$2,415,981
48$2,571,490$2,092,585$1,965,703$2,565,409
49$2,786,814$2,148,154$1,984,587$2,727,573
50$3,022,622$2,204,966$2,002,623$2,903,714
51$3,280,956$2,263,037$2,019,738$3,095,197
52$3,564,066$2,322,378$2,035,852$3,303,528
53$3,874,430$2,383,003$2,050,881$3,530,363
54$4,214,775$2,444,925$2,064,740$3,777,527
55$4,588,109$2,508,152$2,077,335$4,047,029
56$4,997,740$2,572,696$2,088,570$4,341,085
57$5,447,316$2,638,564$2,098,343$4,662,132
58$5,940,852$2,705,764$2,106,548$5,012,857
59$6,482,773$2,774,300$2,113,071$5,396,220
60$7,077,952$2,844,177$2,117,796$5,815,480
61$7,731,759$2,915,398$2,120,597$6,274,230
62$8,450,108$2,987,961$2,121,347$6,776,426
63$9,239,514$3,061,866$2,119,907$7,326,429
64$10,107,155$3,137,109$2,116,135$7,929,042
65$11,060,940$3,213,682$2,109,880$8,589,559
66$12,109,581$3,291,578$2,100,986$9,313,810
67$13,262,677$3,370,784$2,089,288$10,108,221
68$14,530,803$3,451,285$2,074,612$10,979,874
69$15,925,610$3,533,064$2,056,777$11,936,568
70$17,459,938$3,616,099$2,035,594$12,986,903
71$19,147,929$3,700,365$2,010,864$14,140,349
72$21,005,167$3,785,833$1,982,378$15,407,346
73$23,048,825$3,872,470$1,949,919$16,799,397
74$25,297,822$3,960,238$1,913,258$18,329,177
75$27,773,004$4,049,093$1,872,156$20,010,653
76$30,497,341$4,138,989$1,826,363$21,859,218
77$33,496,142$4,229,872$1,775,619$23,891,835
78$36,797,295$4,321,682$1,719,649$26,127,194
79$40,431,529$4,414,355$1,658,167$28,585,894
80$44,432,703$4,507,816$1,590,874$31,290,634
81$48,838,128$4,601,988$1,517,457$34,266,429
82$53,688,914$4,696,783$1,437,589$37,540,845
83$59,030,364$4,792,106$1,350,929$41,144,259
84$64,912,395$4,887,853$1,257,119$45,110,151
85$71,390,012$4,983,911$1,155,785$49,475,410
86$78,523,828$5,080,157$1,046,538$54,280,695
87$86,380,632$5,176,458$928,971$59,570,809
88$95,034,022$5,272,670$802,657$65,395,127
89$104,565,099$5,368,638$667,153$71,808,061
90$115,063,230$5,464,192$521,994$78,869,576
91$126,626,894$5,559,153$366,695$86,645,754
92$139,364,610$5,653,323$200,752$95,209,417
93$153,395,958$5,746,494$23,634$104,640,821
94$168,852,712$5,838,439$0$115,028,408
95$185,880,082$5,928,915$0$126,494,349
96$204,638,082$6,017,664$0$139,126,722
97$225,303,042$6,104,405$0$153,040,453
98$248,069,273$6,188,841$0$168,366,082
99$273,150,896$6,270,652$0$185,247,463
100$300,783,870$6,349,496$0$203,843,120