Can I retire at age 45 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$124,694$123,584$122,500$121,442$120,410$118,415
2 years$61,730$60,580$59,466$58,386$57,338$55,334
3 years$40,744$39,590$38,478$37,408$36,377$34,427
4 years$30,254$29,103$28,002$26,951$25,945$24,062
5 years$23,961$22,817$21,731$20,701$19,723$17,914
6 years$19,767$18,632$17,562$16,554$15,606$13,873
7 years$16,773$15,647$14,594$13,610$12,692$11,035
8 years$14,528$13,412$12,377$11,417$10,529$8,949
9 years$12,783$11,678$10,660$9,725$8,867$7,362
10 years$11,388$10,293$9,294$8,383$7,555$6,124
11 years$10,247$9,164$8,182$7,296$6,498$5,139
12 years$9,297$8,225$7,261$6,399$5,631$4,342
13 years$8,494$7,433$6,488$5,650$4,910$3,690
14 years$7,806$6,756$5,829$5,015$4,304$3,151
15 years$7,211$6,172$5,263$4,473$3,790$2,701
16 years$6,690$5,663$4,772$4,005$3,349$2,323
17 years$6,231$5,215$4,342$3,598$2,970$2,003
18 years$5,823$4,819$3,964$3,243$2,641$1,731
19 years$5,459$4,466$3,629$2,930$2,354$1,500
20 years$5,132$4,150$3,330$2,654$2,102$1,301
21 years$4,836$3,866$3,063$2,408$1,881$1,130
22 years$4,568$3,608$2,823$2,190$1,686$983
23 years$4,323$3,375$2,607$1,994$1,514$856
24 years$4,099$3,162$2,411$1,819$1,361$746
25 years$3,893$2,967$2,233$1,661$1,224$651
26 years$3,703$2,789$2,071$1,519$1,103$568
27 years$3,528$2,625$1,923$1,390$994$496
28 years$3,365$2,473$1,788$1,274$897$434
29 years$3,214$2,333$1,664$1,168$810$379
30 years$3,074$2,204$1,549$1,072$732$332
31 years$2,942$2,083$1,445$985$662$290
32 years$2,819$1,971$1,348$905$599$254
33 years$2,704$1,867$1,258$832$542$223
34 years$2,596$1,769$1,176$766$491$195
35 years$2,494$1,678$1,099$705$444$171
36 years$2,398$1,593$1,028$649$403$150
37 years$2,308$1,513$963$598$365$131
38 years$2,222$1,438$901$551$331$115
39 years$2,141$1,367$844$508$300$101
40 years$2,064$1,301$792$469$272$88
41 years$1,992$1,238$742$433$247$77
42 years$1,922$1,179$696$399$224$68
43 years$1,857$1,123$653$368$203$59
44 years$1,794$1,071$613$340$184$52
45 years$1,734$1,021$576$314$167$46
46 years$1,678$974$541$290$152$40
47 years$1,623$930$508$268$138$35
48 years$1,571$887$477$248$125$31
49 years$1,522$847$449$229$114$27
50 years$1,474$809$422$212$103$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,510,000, adding $2,242 every year, while hoping to spend $45,689 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: 45/26/29 Blend
44$1,510,000$1,510,000$1,510,000$1,510,000
45$1,666,333$1,586,303$1,562,898$1,727,248
46$1,787,686$1,615,419$1,566,642$1,799,972
47$1,919,886$1,644,430$1,568,980$1,874,248
48$2,063,990$1,673,284$1,569,818$1,953,938
49$2,221,165$1,701,922$1,569,054$2,039,574
50$2,392,690$1,730,282$1,566,584$2,131,743
51$2,579,977$1,758,299$1,562,297$2,231,093
52$2,784,580$1,785,901$1,556,079$2,338,342
53$3,008,207$1,813,010$1,547,808$2,454,280
54$3,252,742$1,839,545$1,537,357$2,579,780
55$3,520,257$1,865,418$1,524,594$2,715,806
56$3,813,034$1,890,535$1,509,378$2,863,422
57$4,133,586$1,914,793$1,491,565$3,023,805
58$4,484,681$1,938,087$1,471,002$3,198,250
59$4,869,365$1,960,301$1,447,527$3,388,189
60$5,290,996$1,981,311$1,420,975$3,595,205
61$5,753,269$2,000,986$1,391,169$3,821,041
62$6,260,256$2,019,188$1,357,926$4,067,623
63$6,816,440$2,035,766$1,321,055$4,337,077
64$7,426,760$2,050,562$1,280,354$4,631,749
65$8,096,657$2,063,407$1,235,613$4,954,228
66$8,832,123$2,074,121$1,186,613$5,307,370
67$9,639,760$2,082,513$1,133,124$5,694,329
68$10,526,838$2,088,378$1,074,906$6,118,583
69$11,501,368$2,091,502$1,011,709$6,583,970
70$12,572,175$2,091,653$943,269$7,094,726
71$13,748,982$2,088,589$869,313$7,655,523
72$15,042,497$2,082,049$789,554$8,271,516
73$16,464,522$2,071,760$703,694$8,948,393
74$18,028,055$2,057,428$611,420$9,692,426
75$19,747,420$2,038,744$512,405$10,510,536
76$21,638,395$2,015,382$406,309$11,410,358
77$23,718,367$1,986,991$292,777$12,400,311
78$26,006,491$1,953,204$171,436$13,489,683
79$28,523,873$1,913,631$41,898$14,688,717
80$31,293,766$1,867,857$0$16,008,712
81$34,341,793$1,815,445$0$17,491,938
82$37,696,185$1,755,931$0$19,138,100
83$41,388,048$1,688,823$0$20,949,510
84$45,451,656$1,613,603$0$22,943,022
85$49,924,777$1,529,721$0$25,137,213
86$54,849,023$1,436,596$0$27,552,560
87$60,270,247$1,333,614$0$30,211,633
88$66,238,975$1,220,123$0$33,139,308
89$72,810,880$1,095,439$0$36,363,006
90$80,047,308$958,834$0$39,912,949
91$88,015,859$809,542$0$43,822,448
92$96,791,018$646,751$0$48,128,220
93$106,454,867$469,607$0$52,870,733
94$117,097,849$277,204$0$58,094,590
95$128,819,631$68,588$0$63,848,953
96$141,730,035$0$0$70,188,008
97$155,950,080$0$0$77,216,466
98$171,613,123$0$0$84,980,015
99$188,866,114$0$0$93,531,901
100$207,870,987$0$0$102,952,423