Can I retire at age 45 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$133,778$132,586$131,424$130,289$129,181$125,651
2 years$66,227$64,993$63,798$62,639$61,515$57,984
3 years$43,713$42,474$41,282$40,133$39,028$35,606
4 years$32,458$31,223$30,042$28,914$27,835$24,550
5 years$25,707$24,479$23,314$22,209$21,160$18,020
6 years$21,207$19,989$18,841$17,760$16,743$13,751
7 years$17,995$16,787$15,657$14,602$13,616$10,773
8 years$15,586$14,389$13,279$12,249$11,296$8,600
9 years$13,714$12,528$11,437$10,434$9,513$6,961
10 years$12,217$11,043$9,971$8,994$8,106$5,694
11 years$10,994$9,831$8,778$7,827$6,971$4,697
12 years$9,974$8,824$7,790$6,866$6,041$3,900
13 years$9,113$7,974$6,960$6,061$5,268$3,255
14 years$8,375$7,248$6,254$5,381$4,618$2,729
15 years$7,736$6,622$5,646$4,798$4,066$2,296
16 years$7,177$6,075$5,119$4,297$3,593$1,937
17 years$6,685$5,595$4,658$3,860$3,186$1,638
18 years$6,248$5,170$4,252$3,479$2,833$1,388
19 years$5,857$4,791$3,893$3,144$2,525$1,178
20 years$5,506$4,452$3,573$2,847$2,255$1,002
21 years$5,189$4,147$3,286$2,584$2,018$852
22 years$4,900$3,871$3,029$2,349$1,809$726
23 years$4,638$3,621$2,797$2,140$1,624$619
24 years$4,397$3,392$2,586$1,951$1,460$528
25 years$4,177$3,184$2,395$1,782$1,314$451
26 years$3,973$2,992$2,222$1,630$1,183$385
27 years$3,785$2,816$2,063$1,492$1,067$329
28 years$3,611$2,653$1,918$1,367$963$282
29 years$3,449$2,503$1,785$1,253$869$241
30 years$3,298$2,364$1,662$1,150$785$206
31 years$3,157$2,235$1,550$1,056$710$176
32 years$3,025$2,115$1,446$971$642$151
33 years$2,901$2,003$1,350$893$581$129
34 years$2,785$1,898$1,261$821$526$111
35 years$2,676$1,800$1,179$756$477$95
36 years$2,573$1,709$1,103$696$432$81
37 years$2,476$1,623$1,033$642$391$69
38 years$2,384$1,542$967$591$355$59
39 years$2,297$1,467$906$545$322$51
40 years$2,215$1,395$849$503$292$44
41 years$2,137$1,328$796$464$265$37
42 years$2,062$1,265$747$428$240$32
43 years$1,992$1,205$701$395$218$27
44 years$1,925$1,149$658$365$198$24
45 years$1,861$1,095$618$337$180$20
46 years$1,800$1,045$580$311$163$17
47 years$1,742$997$545$288$148$15
48 years$1,686$952$512$266$135$13
49 years$1,633$909$481$246$122$11
50 years$1,582$868$453$227$111$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,620,000, adding $4,527 every year, while hoping to spend $51,795 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: 38/46/16 Blend
44$1,620,000$1,620,000$1,620,000$1,620,000
45$1,789,910$1,704,050$1,678,940$1,849,133
46$1,917,371$1,732,439$1,680,075$1,920,380
47$2,056,097$1,760,483$1,679,512$1,992,028
48$2,207,183$1,788,110$1,677,139$2,068,355
49$2,371,833$1,815,245$1,672,840$2,149,809
50$2,551,371$1,841,803$1,666,492$2,236,886
51$2,747,258$1,867,698$1,657,966$2,330,132
52$2,961,097$1,892,835$1,647,127$2,430,151
53$3,194,658$1,917,112$1,633,834$2,537,613
54$3,449,884$1,940,422$1,617,939$2,653,255
55$3,728,919$1,962,649$1,599,287$2,777,893
56$4,034,121$1,983,671$1,577,715$2,912,429
57$4,368,085$2,003,355$1,553,053$3,057,858
58$4,733,673$2,021,562$1,525,123$3,215,282
59$5,134,032$2,038,143$1,493,739$3,385,915
60$5,572,629$2,052,938$1,458,705$3,571,102
61$6,053,284$2,065,779$1,419,819$3,772,325
62$6,580,201$2,076,484$1,376,865$3,991,224
63$7,158,013$2,084,863$1,329,620$4,229,609
64$7,791,820$2,090,711$1,277,853$4,489,480
65$8,487,241$2,093,812$1,221,317$4,773,044
66$9,250,467$2,093,935$1,159,757$5,082,741
67$10,088,313$2,090,837$1,092,908$5,421,264
68$11,008,290$2,084,257$1,020,489$5,791,585
69$12,018,670$2,073,920$942,211$6,196,989
70$13,128,567$2,059,534$857,767$6,641,100
71$14,348,018$2,040,789$766,840$7,127,920
72$15,688,084$2,017,356$669,097$7,661,867
73$17,160,949$1,988,887$564,192$8,247,819
74$18,780,036$1,955,012$451,762$8,891,157
75$20,560,132$1,915,341$331,429$9,597,825
76$22,517,532$1,869,458$202,798$10,374,379
77$24,670,184$1,816,925$65,455$11,228,057
78$27,037,866$1,757,278$0$12,166,846
79$29,642,369$1,690,025$0$13,213,407
80$32,507,700$1,614,646$0$14,376,442
81$35,660,312$1,530,590$0$15,655,578
82$39,129,351$1,437,276$0$17,062,737
83$42,946,929$1,334,087$0$18,611,071
84$47,148,432$1,220,373$0$20,315,081
85$51,772,846$1,095,446$0$22,190,761
86$56,863,133$958,579$0$24,255,751
87$62,466,626$809,003$0$26,529,502
88$68,635,484$645,907$0$29,033,461
89$75,427,180$468,433$0$31,791,283
90$82,905,041$275,675$0$34,829,048
91$91,138,849$66,677$0$38,175,517
92$100,205,497$0$0$41,862,401
93$110,189,713$0$0$46,005,439
94$121,184,862$0$0$50,605,433
95$133,293,823$0$0$55,671,710
96$146,629,964$0$0$61,251,741
97$161,318,206$0$0$67,397,832
98$177,496,207$0$0$74,167,624
99$195,315,656$0$0$81,624,635
100$214,943,705$0$0$89,838,856