Can I retire at age 45 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$127,998$126,857$125,745$124,659$123,599$120,709
2 years$63,365$62,185$61,041$59,932$58,857$55,962
3 years$41,824$40,639$39,498$38,399$37,341$34,531
4 years$31,055$29,874$28,744$27,664$26,632$23,929
5 years$24,596$23,421$22,307$21,249$20,245$17,657
6 years$20,291$19,125$18,027$16,993$16,019$13,548
7 years$17,217$16,061$14,981$13,971$13,028$10,674
8 years$14,913$13,768$12,705$11,720$10,808$8,571
9 years$13,122$11,987$10,943$9,983$9,102$6,979
10 years$11,690$10,566$9,540$8,605$7,755$5,745
11 years$10,519$9,406$8,399$7,489$6,670$4,769
12 years$9,543$8,443$7,454$6,569$5,780$3,986
13 years$8,719$7,630$6,659$5,799$5,040$3,350
14 years$8,013$6,935$5,984$5,148$4,418$2,827
15 years$7,402$6,335$5,402$4,591$3,890$2,395
16 years$6,867$5,813$4,898$4,111$3,438$2,035
17 years$6,396$5,353$4,457$3,694$3,048$1,734
18 years$5,978$4,947$4,069$3,329$2,711$1,480
19 years$5,604$4,584$3,725$3,008$2,416$1,266
20 years$5,268$4,260$3,418$2,724$2,158$1,084
21 years$4,964$3,968$3,144$2,472$1,931$930
22 years$4,689$3,704$2,898$2,248$1,731$798
23 years$4,437$3,464$2,676$2,047$1,554$686
24 years$4,207$3,246$2,475$1,867$1,397$590
25 years$3,996$3,046$2,292$1,705$1,257$508
26 years$3,801$2,863$2,126$1,559$1,132$437
27 years$3,621$2,694$1,974$1,427$1,021$377
28 years$3,455$2,539$1,835$1,308$921$325
29 years$3,300$2,395$1,708$1,199$832$280
30 years$3,155$2,262$1,591$1,100$751$242
31 years$3,020$2,138$1,483$1,011$679$208
32 years$2,894$2,023$1,383$929$615$180
33 years$2,776$1,916$1,292$854$556$155
34 years$2,665$1,816$1,207$786$504$134
35 years$2,560$1,722$1,128$723$456$116
36 years$2,462$1,635$1,056$666$413$100
37 years$2,369$1,553$988$614$374$86
38 years$2,281$1,476$925$566$340$75
39 years$2,198$1,403$867$522$308$64
40 years$2,119$1,335$813$481$279$56
41 years$2,044$1,271$762$444$253$48
42 years$1,973$1,210$715$410$230$42
43 years$1,906$1,153$671$378$209$36
44 years$1,842$1,099$629$349$189$31
45 years$1,780$1,048$591$323$172$27
46 years$1,722$1,000$555$298$156$23
47 years$1,666$954$522$275$142$20
48 years$1,613$911$490$254$129$17
49 years$1,562$870$461$235$117$15
50 years$1,513$831$433$217$106$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,550,000, adding $2,455 every year, while hoping to spend $37,737 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: 38/37/25 Blend
44$1,550,000$1,550,000$1,550,000$1,550,000
45$1,710,632$1,628,482$1,604,457$1,762,794
46$1,844,965$1,668,126$1,618,055$1,840,733
47$1,991,735$1,708,448$1,630,843$1,921,231
48$2,152,170$1,749,440$1,642,755$2,007,488
49$2,327,625$1,791,096$1,653,720$2,100,050
50$2,519,587$1,833,404$1,663,665$2,199,518
51$2,729,698$1,876,354$1,672,511$2,306,553
52$2,959,764$1,919,932$1,680,176$2,421,886
53$3,211,772$1,964,121$1,686,574$2,546,321
54$3,487,914$2,008,904$1,691,616$2,680,745
55$3,790,602$2,054,261$1,695,205$2,826,135
56$4,122,491$2,100,168$1,697,243$2,983,571
57$4,486,509$2,146,599$1,697,624$3,154,240
58$4,885,877$2,193,527$1,696,239$3,339,452
59$5,324,146$2,240,920$1,692,972$3,540,651
60$5,805,226$2,288,741$1,687,703$3,759,431
61$6,333,423$2,336,954$1,680,306$3,997,548
62$6,913,482$2,385,515$1,670,646$4,256,937
63$7,550,630$2,434,378$1,658,586$4,539,734
64$8,250,625$2,483,492$1,643,978$4,848,292
65$9,019,808$2,532,803$1,626,671$5,185,207
66$9,865,168$2,582,250$1,606,504$5,553,340
67$10,794,403$2,631,768$1,583,310$5,955,846
68$11,815,994$2,681,286$1,556,912$6,396,205
69$12,939,285$2,730,729$1,527,129$6,878,252
70$14,174,570$2,780,013$1,493,766$7,406,218
71$15,533,192$2,829,050$1,456,623$7,984,764
72$17,027,648$2,877,743$1,415,490$8,619,033
73$18,671,705$2,925,989$1,370,145$9,314,693
74$20,480,534$2,973,678$1,320,360$10,077,995
75$22,470,849$3,020,689$1,265,893$10,915,829
76$24,661,067$3,066,894$1,206,492$11,835,794
77$27,071,481$3,112,157$1,141,895$12,846,266
78$29,724,449$3,156,330$1,071,825$13,956,479
79$32,644,607$3,199,254$995,996$15,176,615
80$35,859,102$3,240,763$914,107$16,517,899
81$39,397,845$3,280,675$825,844$17,992,706
82$43,293,795$3,318,797$730,879$19,614,679
83$47,583,269$3,354,925$628,870$21,398,857
84$52,306,284$3,388,839$519,459$23,361,820
85$57,506,937$3,420,304$402,274$25,521,849
86$63,233,817$3,449,071$276,922$27,899,092
87$69,540,466$3,474,876$142,999$30,515,762
88$76,485,883$3,497,433$78$33,396,347
89$84,135,079$3,516,443$0$36,567,840
90$92,559,693$3,531,585$0$40,100,661
91$101,838,667$3,542,519$0$43,989,612
92$112,058,991$3,548,881$0$48,270,958
93$123,316,519$3,550,288$0$52,984,690
94$135,716,883$3,546,330$0$58,174,880
95$149,376,478$3,536,574$0$63,890,104
96$164,423,572$3,520,559$0$70,183,892
97$180,999,506$3,497,796$0$77,115,244
98$199,260,034$3,467,767$0$84,749,179
99$219,376,791$3,429,921$0$93,157,358
100$241,538,912$3,383,676$0$102,418,755