Can I retire at age 45 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$135,430$134,223$133,046$131,898$130,776$126,742
2 years$67,044$65,796$64,586$63,412$62,274$58,245
3 years$44,252$42,998$41,791$40,629$39,509$35,612
4 years$32,858$31,608$30,413$29,271$28,178$24,442
5 years$26,024$24,781$23,602$22,483$21,421$17,856
6 years$21,469$20,236$19,074$17,980$16,950$13,559
7 years$18,217$16,994$15,850$14,782$13,784$10,569
8 years$15,779$14,567$13,442$12,400$11,436$8,392
9 years$13,884$12,683$11,578$10,562$9,630$6,756
10 years$12,368$11,180$10,094$9,105$8,206$5,495
11 years$11,129$9,953$8,887$7,924$7,057$4,507
12 years$10,098$8,933$7,887$6,950$6,116$3,720
13 years$9,225$8,073$7,046$6,136$5,333$3,086
14 years$8,478$7,338$6,331$5,447$4,675$2,571
15 years$7,831$6,703$5,716$4,858$4,116$2,149
16 years$7,266$6,150$5,182$4,350$3,638$1,802
17 years$6,767$5,664$4,716$3,908$3,225$1,514
18 years$6,325$5,234$4,305$3,522$2,868$1,274
19 years$5,929$4,851$3,941$3,182$2,556$1,074
20 years$5,574$4,507$3,617$2,882$2,283$907
21 years$5,253$4,199$3,327$2,616$2,043$767
22 years$4,961$3,919$3,066$2,378$1,832$649
23 years$4,695$3,666$2,831$2,166$1,644$549
24 years$4,452$3,434$2,618$1,976$1,478$465
25 years$4,228$3,223$2,425$1,804$1,330$394
26 years$4,022$3,029$2,249$1,650$1,198$334
27 years$3,832$2,851$2,088$1,510$1,080$284
28 years$3,655$2,686$1,941$1,383$974$241
29 years$3,491$2,534$1,807$1,269$880$204
30 years$3,338$2,393$1,683$1,164$795$174
31 years$3,196$2,262$1,569$1,069$719$147
32 years$3,062$2,141$1,464$983$650$125
33 years$2,937$2,027$1,367$904$588$106
34 years$2,819$1,921$1,277$831$533$90
35 years$2,709$1,822$1,194$765$483$77
36 years$2,605$1,730$1,117$705$437$65
37 years$2,506$1,643$1,045$650$396$56
38 years$2,413$1,561$979$599$359$47
39 years$2,325$1,485$917$552$326$40
40 years$2,242$1,412$860$509$295$34
41 years$2,163$1,345$806$470$268$29
42 years$2,088$1,281$756$434$243$25
43 years$2,017$1,220$710$400$221$21
44 years$1,949$1,163$666$370$200$18
45 years$1,884$1,109$625$341$182$15
46 years$1,822$1,058$587$315$165$13
47 years$1,763$1,010$552$291$150$11
48 years$1,707$964$519$269$136$9
49 years$1,653$920$487$249$124$8
50 years$1,601$879$458$230$112$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,640,000, adding $4,292 every year, while hoping to spend $34,292 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: 70/11/19 Blend
44$1,640,000$1,640,000$1,640,000$1,640,000
45$1,811,707$1,724,787$1,699,367$1,929,902
46$1,960,015$1,772,815$1,719,810$2,057,265
47$2,122,301$1,822,048$1,739,787$2,192,152
48$2,299,954$1,872,507$1,759,249$2,338,936
49$2,494,505$1,924,215$1,778,140$2,498,791
50$2,707,639$1,977,196$1,796,402$2,673,007
51$2,941,212$2,031,472$1,813,975$2,863,006
52$3,197,267$2,087,066$1,830,794$3,070,356
53$3,478,055$2,143,999$1,846,793$3,296,783
54$3,786,055$2,202,294$1,861,899$3,544,186
55$4,123,999$2,261,972$1,876,038$3,814,661
56$4,494,893$2,323,055$1,889,132$4,110,514
57$4,902,051$2,385,564$1,901,097$4,434,289
58$5,349,123$2,449,519$1,911,847$4,788,786
59$5,840,129$2,514,941$1,921,289$5,177,089
60$6,379,497$2,581,848$1,929,327$5,602,600
61$6,972,107$2,650,259$1,935,860$6,069,063
62$7,623,332$2,720,193$1,940,783$6,580,607
63$8,339,095$2,791,665$1,943,982$7,141,779
64$9,125,919$2,864,692$1,945,341$7,757,590
65$9,990,990$2,939,290$1,944,737$8,433,562
66$10,942,226$3,015,470$1,942,041$9,175,779
67$11,988,351$3,093,246$1,937,117$9,990,945
68$13,138,977$3,172,629$1,929,825$10,886,449
69$14,404,692$3,253,628$1,920,014$11,870,431
70$15,797,165$3,336,250$1,907,529$12,951,862
71$17,329,251$3,420,501$1,892,206$14,140,627
72$19,015,114$3,506,385$1,873,874$15,447,620
73$20,870,361$3,593,903$1,852,354$16,884,844
74$22,912,188$3,683,055$1,827,458$18,465,528
75$25,159,542$3,773,835$1,798,989$20,204,250
76$27,633,301$3,866,239$1,766,741$22,117,073
77$30,356,469$3,960,256$1,730,498$24,221,699
78$33,354,395$4,055,875$1,690,036$26,537,637
79$36,655,008$4,153,077$1,645,117$29,086,383
80$40,289,085$4,251,845$1,595,495$31,891,629
81$44,290,540$4,352,153$1,540,911$34,979,482
82$48,696,739$4,453,973$1,481,096$38,378,710
83$53,548,861$4,557,272$1,415,767$42,121,020
84$58,892,278$4,662,011$1,344,629$46,241,350
85$64,776,989$4,768,149$1,267,373$50,778,204
86$71,258,088$4,875,634$1,183,676$55,774,011
87$78,396,285$4,984,412$1,093,201$61,275,533
88$86,258,480$5,094,422$995,597$67,334,299
89$94,918,390$5,205,594$890,494$74,007,095
90$104,457,249$5,317,852$777,510$81,356,501
91$114,964,574$5,431,111$656,241$89,451,481
92$126,539,005$5,545,280$526,270$98,368,035
93$139,289,242$5,660,257$387,158$108,189,916
94$153,335,065$5,775,931$238,449$119,009,421
95$168,808,470$5,892,179$79,664$130,928,263
96$185,854,908$6,008,870$0$144,058,532
97$204,634,664$6,125,860$0$158,541,955
98$225,324,366$6,242,994$0$174,514,874
99$248,118,652$6,360,101$0$192,111,246
100$273,232,008$6,477,000$0$211,496,505