Can I retire at age 45 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$125,520$124,402$123,311$122,247$121,207$118,808
2 years$62,139$60,981$59,860$58,772$57,718$55,311
3 years$41,014$39,852$38,733$37,656$36,618$34,279
4 years$30,454$29,295$28,188$27,129$26,117$23,863
5 years$24,120$22,968$21,875$20,838$19,853$17,691
6 years$19,898$18,755$17,678$16,664$15,709$13,641
7 years$16,884$15,751$14,691$13,700$12,776$10,802
8 years$14,624$13,501$12,459$11,493$10,599$8,719
9 years$12,868$11,755$10,731$9,789$8,926$7,139
10 years$11,463$10,362$9,355$8,439$7,605$5,909
11 years$10,315$9,224$8,236$7,344$6,541$4,933
12 years$9,359$8,279$7,310$6,442$5,668$4,147
13 years$8,550$7,482$6,531$5,687$4,943$3,506
14 years$7,858$6,801$5,868$5,048$4,333$2,978
15 years$7,258$6,213$5,298$4,502$3,815$2,538
16 years$6,734$5,700$4,803$4,031$3,372$2,171
17 years$6,272$5,250$4,371$3,622$2,989$1,861
18 years$5,862$4,851$3,990$3,264$2,658$1,599
19 years$5,495$4,496$3,653$2,950$2,369$1,377
20 years$5,166$4,178$3,352$2,671$2,116$1,188
21 years$4,868$3,891$3,083$2,424$1,894$1,026
22 years$4,598$3,632$2,842$2,204$1,698$887
23 years$4,352$3,397$2,624$2,008$1,524$767
24 years$4,126$3,183$2,427$1,831$1,370$665
25 years$3,919$2,987$2,248$1,672$1,232$576
26 years$3,728$2,807$2,084$1,529$1,110$500
27 years$3,551$2,642$1,936$1,399$1,001$434
28 years$3,388$2,490$1,799$1,282$903$377
29 years$3,236$2,349$1,675$1,176$815$327
30 years$3,094$2,218$1,560$1,079$737$284
31 years$2,962$2,097$1,454$991$666$247
32 years$2,838$1,984$1,357$911$603$215
33 years$2,722$1,879$1,267$838$545$187
34 years$2,613$1,781$1,184$771$494$163
35 years$2,511$1,689$1,107$709$447$141
36 years$2,414$1,603$1,035$653$405$123
37 years$2,323$1,523$969$602$367$107
38 years$2,237$1,447$907$555$333$93
39 years$2,155$1,376$850$512$302$81
40 years$2,078$1,309$797$472$274$71
41 years$2,005$1,246$747$435$248$62
42 years$1,935$1,187$701$402$225$54
43 years$1,869$1,131$658$371$205$47
44 years$1,806$1,078$617$342$186$41
45 years$1,746$1,028$580$316$169$35
46 years$1,689$981$544$292$153$31
47 years$1,634$936$511$270$139$27
48 years$1,582$893$481$249$126$23
49 years$1,532$853$452$231$115$20
50 years$1,484$815$425$213$104$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,520,000, adding $5,889 every year, while hoping to spend $24,314 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: 80/13/7 Blend
44$1,520,000$1,520,000$1,520,000$1,520,000
45$1,681,115$1,600,555$1,576,995$1,813,877
46$1,826,718$1,653,112$1,603,954$1,954,244
47$1,986,359$1,707,429$1,631,002$2,104,421
48$2,161,442$1,763,568$1,658,115$2,268,467
49$2,353,517$1,821,591$1,685,269$2,447,756
50$2,564,288$1,881,562$1,712,439$2,643,797
51$2,795,637$1,943,549$1,739,596$2,858,254
52$3,049,631$2,007,622$1,766,712$3,092,961
53$3,328,550$2,073,853$1,793,754$3,349,933
54$3,634,908$2,142,317$1,820,690$3,631,394
55$3,971,469$2,213,091$1,847,484$3,939,791
56$4,341,282$2,286,256$1,874,098$4,277,818
57$4,747,705$2,361,894$1,900,492$4,648,446
58$5,194,437$2,440,093$1,926,625$5,054,942
59$5,685,553$2,520,941$1,952,450$5,500,911
60$6,225,543$2,604,531$1,977,921$5,990,318
61$6,819,355$2,690,959$2,002,988$6,527,536
62$7,472,437$2,780,325$2,027,596$7,117,378
63$8,190,796$2,872,731$2,051,691$7,765,148
64$8,981,047$2,968,284$2,075,212$8,476,690
65$9,850,478$3,067,095$2,098,096$9,258,440
66$10,807,123$3,169,279$2,120,279$10,117,491
67$11,859,831$3,274,954$2,141,689$11,061,654
68$13,018,352$3,384,245$2,162,254$12,099,539
69$14,293,429$3,497,279$2,181,895$13,240,628
70$15,696,902$3,614,188$2,200,531$14,495,371
71$17,241,813$3,735,110$2,218,076$15,875,279
72$18,942,536$3,860,189$2,234,439$17,393,037
73$20,814,907$3,989,571$2,249,526$19,062,619
74$22,876,377$4,123,410$2,263,235$20,899,425
75$25,146,176$4,261,865$2,275,461$22,920,420
76$27,645,490$4,405,101$2,286,094$25,144,300
77$30,397,669$4,553,289$2,295,016$27,591,661
78$33,428,439$4,706,608$2,302,107$30,285,201
79$36,766,148$4,865,240$2,307,236$33,249,928
80$40,442,036$5,029,378$2,310,270$36,513,399
81$44,490,526$5,199,219$2,311,065$40,105,977
82$48,949,548$5,374,970$2,309,475$44,061,121
83$53,860,903$5,556,844$2,305,343$48,415,699
84$59,270,648$5,745,062$2,298,505$53,210,335
85$65,229,539$5,939,855$2,288,790$58,489,793
86$71,793,505$6,141,462$2,276,017$64,303,402
87$79,024,178$6,350,129$2,260,000$70,705,515
88$86,989,474$6,566,115$2,240,539$77,756,028
89$95,764,232$6,789,686$2,217,429$85,520,942
90$105,430,922$7,021,120$2,190,452$94,072,985
91$116,080,426$7,260,704$2,159,382$103,492,300
92$127,812,889$7,508,738$2,123,980$113,867,199
93$140,738,669$7,765,532$2,083,999$125,295,000
94$154,979,378$8,031,408$2,039,178$137,882,940
95$170,669,028$8,306,700$1,989,244$151,749,191
96$187,955,298$8,591,758$1,933,913$167,023,974
97$207,000,926$8,886,941$1,872,886$183,850,785
98$227,985,244$9,192,625$1,805,851$202,387,754
99$251,105,875$9,509,199$1,732,483$222,809,135
100$276,580,593$9,837,069$1,652,441$245,306,949