Can I retire at age 45 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$127,172$126,039$124,934$123,855$122,802$118,918
2 years$62,956$61,784$60,647$59,546$58,477$54,600
3 years$41,554$40,376$39,243$38,152$37,100$33,351
4 years$30,855$29,681$28,559$27,486$26,460$22,867
5 years$24,437$23,270$22,163$21,112$20,115$16,688
6 years$20,160$19,002$17,911$16,883$15,916$12,658
7 years$17,106$15,958$14,884$13,881$12,944$9,855
8 years$14,817$13,679$12,623$11,644$10,738$7,816
9 years$13,037$11,910$10,872$9,918$9,043$6,284
10 years$11,614$10,498$9,478$8,550$7,705$5,106
11 years$10,451$9,346$8,345$7,441$6,627$4,182
12 years$9,482$8,388$7,406$6,527$5,743$3,447
13 years$8,663$7,580$6,617$5,762$5,008$2,856
14 years$7,961$6,890$5,945$5,115$4,390$2,376
15 years$7,354$6,295$5,368$4,562$3,865$1,983
16 years$6,823$5,775$4,866$4,084$3,416$1,660
17 years$6,355$5,319$4,428$3,670$3,029$1,393
18 years$5,939$4,915$4,042$3,307$2,693$1,171
19 years$5,568$4,555$3,701$2,988$2,400$986
20 years$5,234$4,233$3,396$2,707$2,144$831
21 years$4,932$3,943$3,124$2,456$1,919$701
22 years$4,658$3,680$2,879$2,233$1,720$592
23 years$4,409$3,442$2,658$2,034$1,544$501
24 years$4,180$3,225$2,459$1,855$1,388$423
25 years$3,970$3,026$2,277$1,694$1,249$358
26 years$3,777$2,844$2,112$1,549$1,125$303
27 years$3,598$2,677$1,961$1,418$1,014$257
28 years$3,432$2,522$1,823$1,299$915$218
29 years$3,278$2,380$1,697$1,191$826$185
30 years$3,135$2,247$1,580$1,093$747$156
31 years$3,001$2,124$1,473$1,004$675$133
32 years$2,875$2,010$1,375$923$611$113
33 years$2,758$1,904$1,283$849$553$95
34 years$2,648$1,804$1,199$781$500$81
35 years$2,544$1,711$1,121$719$453$69
36 years$2,446$1,624$1,049$662$411$58
37 years$2,354$1,543$982$610$372$49
38 years$2,266$1,466$919$562$337$42
39 years$2,184$1,394$861$518$306$36
40 years$2,105$1,326$807$478$277$30
41 years$2,031$1,263$757$441$252$26
42 years$1,961$1,202$710$407$228$22
43 years$1,894$1,146$666$376$207$18
44 years$1,830$1,092$625$347$188$16
45 years$1,769$1,041$587$320$171$13
46 years$1,711$993$552$296$155$11
47 years$1,656$948$518$273$141$10
48 years$1,603$905$487$253$128$8
49 years$1,552$864$458$234$116$7
50 years$1,504$826$430$216$106$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,540,000, adding $5,088 every year, while hoping to spend $52,117 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: 50/37/13 Blend
44$1,540,000$1,540,000$1,540,000$1,540,000
45$1,702,328$1,620,708$1,596,838$1,781,186
46$1,820,514$1,644,671$1,594,880$1,859,804
47$1,949,007$1,668,061$1,591,110$1,939,304
48$2,088,805$1,690,795$1,585,412$2,024,524
49$2,241,004$1,712,785$1,577,664$2,116,016
50$2,406,811$1,733,936$1,567,739$2,214,392
51$2,587,552$1,754,145$1,555,505$2,320,326
52$2,784,689$1,773,304$1,540,821$2,434,561
53$2,999,830$1,791,299$1,523,541$2,557,921
54$3,234,745$1,808,005$1,503,512$2,691,312
55$3,491,382$1,823,291$1,480,574$2,835,735
56$3,771,888$1,837,017$1,454,557$2,992,295
57$4,078,623$1,849,034$1,425,288$3,162,213
58$4,414,189$1,859,182$1,392,581$3,346,835
59$4,781,447$1,867,293$1,356,244$3,547,647
60$5,183,552$1,873,188$1,316,075$3,766,290
61$5,623,976$1,876,675$1,271,865$4,004,575
62$6,106,541$1,877,552$1,223,392$4,264,500
63$6,635,458$1,875,602$1,170,426$4,548,271
64$7,215,366$1,870,598$1,112,726$4,858,323
65$7,851,372$1,862,295$1,050,041$5,197,342
66$8,549,101$1,850,438$982,107$5,568,293
67$9,314,751$1,834,751$908,649$5,974,447
68$10,155,147$1,814,945$829,380$6,419,414
69$11,077,807$1,790,712$743,999$6,907,177
70$12,091,015$1,761,728$652,194$7,442,132
71$13,203,892$1,727,647$553,637$8,029,128
72$14,426,490$1,688,102$447,985$8,673,515
73$15,769,881$1,642,708$334,881$9,381,196
74$17,246,262$1,591,054$213,953$10,158,683
75$18,869,071$1,532,707$84,811$11,013,159
76$20,653,113$1,467,206$0$11,952,550
77$22,614,699$1,394,067$0$12,992,950
78$24,771,798$1,312,776$0$14,149,682
79$27,144,208$1,222,789$0$15,421,667
80$29,753,743$1,123,532$0$16,820,700
81$32,624,437$1,014,397$0$18,359,789
82$35,782,770$894,742$0$20,053,274
83$39,257,918$763,890$0$21,916,968
84$43,082,028$621,123$0$23,968,305
85$47,290,521$465,685$0$26,226,509
86$51,922,426$296,775$0$28,712,773
87$57,020,745$113,548$0$31,450,464
88$62,632,863$0$0$34,465,344
89$68,810,991$0$0$37,820,376
90$75,612,660$0$0$41,565,119
91$83,101,262$0$0$45,688,269
92$91,346,649$0$0$50,228,311
93$100,425,791$0$0$55,227,652
94$110,423,501$0$0$60,733,021
95$121,433,238$0$0$66,795,910
96$133,557,984$0$0$73,473,060
97$146,911,218$0$0$80,826,995
98$161,617,987$0$0$88,926,611
99$177,816,085$0$0$97,847,828
100$195,657,349$0$0$107,674,306