Can I retire at age 45 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$142,036$140,771$139,536$138,332$137,155$136,520
2 years$70,315$69,005$67,736$66,506$65,312$64,671
3 years$46,411$45,096$43,830$42,611$41,437$40,809
4 years$34,461$33,150$31,897$30,699$29,553$28,944
5 years$27,293$25,990$24,753$23,580$22,466$21,877
6 years$22,516$21,223$20,004$18,857$17,776$17,209
7 years$19,106$17,823$16,624$15,503$14,457$13,912
8 years$16,549$15,278$14,098$13,005$11,993$11,470
9 years$14,561$13,302$12,143$11,078$10,100$9,598
10 years$12,972$11,725$10,586$9,549$8,606$8,125
11 years$11,672$10,438$9,320$8,310$7,401$6,941
12 years$10,590$9,369$8,271$7,289$6,414$5,974
13 years$9,675$8,466$7,390$6,435$5,593$5,174
14 years$8,892$7,696$6,640$5,713$4,903$4,503
15 years$8,213$7,030$5,995$5,095$4,317$3,936
16 years$7,620$6,450$5,435$4,562$3,815$3,453
17 years$7,098$5,940$4,946$4,099$3,383$3,039
18 years$6,633$5,489$4,515$3,694$3,008$2,682
19 years$6,219$5,087$4,133$3,338$2,681$2,372
20 years$5,846$4,727$3,793$3,023$2,395$2,102
21 years$5,509$4,403$3,489$2,743$2,143$1,866
22 years$5,203$4,110$3,216$2,494$1,921$1,659
23 years$4,924$3,844$2,969$2,272$1,724$1,477
24 years$4,669$3,602$2,746$2,072$1,550$1,317
25 years$4,434$3,380$2,543$1,892$1,395$1,175
26 years$4,218$3,177$2,359$1,730$1,256$1,050
27 years$4,019$2,990$2,190$1,584$1,133$938
28 years$3,834$2,817$2,036$1,451$1,022$839
29 years$3,661$2,658$1,895$1,331$923$751
30 years$3,501$2,510$1,765$1,221$834$673
31 years$3,352$2,373$1,645$1,121$754$603
32 years$3,212$2,245$1,535$1,031$682$541
33 years$3,080$2,126$1,433$948$617$485
34 years$2,957$2,015$1,339$872$559$435
35 years$2,841$1,911$1,252$803$506$390
36 years$2,732$1,814$1,171$739$459$351
37 years$2,629$1,723$1,096$681$416$315
38 years$2,531$1,637$1,027$628$377$283
39 years$2,439$1,557$962$579$342$254
40 years$2,352$1,481$902$534$310$228
41 years$2,269$1,410$845$493$281$205
42 years$2,190$1,343$793$455$255$184
43 years$2,115$1,280$744$420$232$166
44 years$2,044$1,220$699$388$210$149
45 years$1,976$1,163$656$358$191$134
46 years$1,911$1,110$616$331$173$121
47 years$1,849$1,059$579$305$157$108
48 years$1,790$1,011$544$282$143$98
49 years$1,733$965$511$261$130$88
50 years$1,679$922$481$241$118$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,720,000, adding $4,974 every year, while hoping to spend $46,830 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: 59/11/30 Blend
44$1,720,000$1,720,000$1,720,000$1,720,000
45$1,900,571$1,809,411$1,782,751$1,996,855
46$2,044,602$1,848,245$1,792,646$2,102,206
47$2,201,755$1,887,413$1,801,303$2,211,706
48$2,373,319$1,926,881$1,808,632$2,330,203
49$2,560,712$1,966,613$1,814,536$2,458,583
50$2,765,497$2,006,569$1,818,915$2,597,829
51$2,989,393$2,046,706$1,821,664$2,749,020
52$3,234,294$2,086,977$1,822,672$2,913,347
53$3,502,284$2,127,331$1,821,823$3,092,125
54$3,795,658$2,167,712$1,818,996$3,286,802
55$4,116,946$2,208,060$1,814,063$3,498,975
56$4,468,930$2,248,310$1,806,889$3,730,405
57$4,854,676$2,288,393$1,797,335$3,983,034
58$5,277,560$2,328,231$1,785,254$4,259,003
59$5,741,301$2,367,745$1,770,490$4,560,673
60$6,249,995$2,406,846$1,752,883$4,890,646
61$6,808,153$2,445,440$1,732,263$5,251,792
62$7,420,744$2,483,425$1,708,452$5,647,276
63$8,093,241$2,520,694$1,681,267$6,080,587
64$8,831,674$2,557,130$1,650,511$6,555,571
65$9,642,683$2,592,609$1,615,982$7,076,468
66$10,533,586$2,626,996$1,577,467$7,647,956
67$11,512,443$2,660,150$1,534,743$8,275,189
68$12,588,133$2,691,918$1,487,578$8,963,851
69$13,770,438$2,722,137$1,435,727$9,720,208
70$15,070,136$2,750,635$1,378,937$10,551,167
71$16,499,098$2,777,224$1,316,939$11,464,346
72$18,070,406$2,801,708$1,249,457$12,468,139
73$19,798,473$2,823,877$1,176,199$13,571,804
74$21,699,176$2,843,506$1,096,861$14,785,543
75$23,790,010$2,860,356$1,011,124$16,120,606
76$26,090,252$2,874,174$918,657$17,589,394
77$28,621,138$2,884,689$819,113$19,205,576
78$31,406,070$2,891,615$712,129$20,984,222
79$34,470,830$2,894,645$597,326$22,941,944
80$37,843,828$2,893,456$474,310$25,097,052
81$41,556,367$2,887,704$342,668$27,469,731
82$45,642,937$2,877,022$201,968$30,082,232
83$50,141,544$2,861,023$51,761$32,959,081
84$55,094,064$2,839,296$0$36,127,313
85$60,546,641$2,811,404$0$39,651,469
86$66,550,119$2,776,884$0$43,549,594
87$73,160,526$2,735,246$0$47,841,471
88$80,439,596$2,685,969$0$52,567,179
89$88,455,357$2,628,504$0$57,770,882
90$97,282,770$2,562,268$0$63,501,250
91$107,004,436$2,486,642$0$69,811,916
92$117,711,375$2,400,974$0$76,761,982
93$129,503,884$2,304,571$0$84,416,580
94$142,492,487$2,196,701$0$92,847,482
95$156,798,973$2,076,592$0$102,133,783
96$172,557,546$1,943,422$0$112,362,644
97$189,916,093$1,796,328$0$123,630,116
98$209,037,579$1,634,392$0$136,042,049
99$230,101,583$1,456,648$0$149,715,087
100$253,305,994$1,262,073$0$164,777,775