Can I retire at age 45 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$143,688$142,408$141,159$139,940$138,750$137,187
2 years$71,132$69,808$68,524$67,279$66,071$64,498
3 years$46,951$45,620$44,339$43,106$41,918$40,383
4 years$34,862$33,536$32,268$31,056$29,897$28,412
5 years$27,611$26,292$25,041$23,854$22,727$21,296
6 years$22,778$21,470$20,237$19,076$17,983$16,609
7 years$19,328$18,030$16,817$15,683$14,625$13,308
8 years$16,741$15,455$14,262$13,156$12,133$10,872
9 years$14,730$13,457$12,284$11,206$10,218$9,013
10 years$13,122$11,861$10,709$9,660$8,706$7,557
11 years$11,808$10,559$9,428$8,407$7,487$6,393
12 years$10,713$9,478$8,367$7,374$6,488$5,447
13 years$9,788$8,565$7,476$6,510$5,658$4,669
14 years$8,995$7,785$6,717$5,779$4,960$4,021
15 years$8,309$7,112$6,065$5,154$4,367$3,478
16 years$7,709$6,525$5,498$4,615$3,860$3,018
17 years$7,180$6,009$5,003$4,146$3,422$2,627
18 years$6,711$5,553$4,567$3,737$3,043$2,292
19 years$6,291$5,146$4,181$3,376$2,712$2,004
20 years$5,914$4,782$3,837$3,058$2,423$1,755
21 years$5,573$4,455$3,530$2,775$2,168$1,540
22 years$5,263$4,158$3,253$2,523$1,943$1,353
23 years$4,981$3,889$3,004$2,298$1,744$1,190
24 years$4,723$3,644$2,778$2,096$1,568$1,048
25 years$4,486$3,419$2,573$1,914$1,411$924
26 years$4,267$3,214$2,386$1,750$1,271$815
27 years$4,065$3,025$2,216$1,602$1,146$719
28 years$3,878$2,850$2,060$1,468$1,034$635
29 years$3,704$2,689$1,917$1,346$934$561
30 years$3,542$2,539$1,786$1,235$843$496
31 years$3,391$2,400$1,665$1,135$763$439
32 years$3,249$2,271$1,553$1,043$690$388
33 years$3,116$2,151$1,450$959$624$344
34 years$2,991$2,039$1,355$882$565$304
35 years$2,874$1,934$1,267$812$512$269
36 years$2,764$1,835$1,185$748$464$239
37 years$2,659$1,743$1,109$689$420$211
38 years$2,561$1,656$1,039$635$381$187
39 years$2,467$1,575$973$586$346$166
40 years$2,379$1,499$912$540$313$147
41 years$2,295$1,427$855$498$284$130
42 years$2,215$1,359$802$460$258$116
43 years$2,139$1,294$753$425$234$103
44 years$2,067$1,234$707$392$213$91
45 years$1,999$1,177$664$362$193$81
46 years$1,933$1,122$623$334$175$72
47 years$1,871$1,071$585$309$159$63
48 years$1,811$1,023$550$286$145$56
49 years$1,754$977$517$264$131$50
50 years$1,699$933$486$244$119$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,740,000, adding $5,461 every year, while hoping to spend $20,255 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: 63/17/20 Blend
44$1,740,000$1,740,000$1,740,000$1,740,000
45$1,923,113$1,830,893$1,803,923$2,034,068
46$2,097,719$1,899,056$1,842,803$2,177,637
47$2,289,457$1,969,879$1,882,307$2,331,602
48$2,500,051$2,043,473$1,922,434$2,499,283
49$2,731,404$2,119,951$1,963,183$2,682,021
50$2,985,609$2,199,431$2,004,552$2,881,289
51$3,264,975$2,282,037$2,046,539$3,098,712
52$3,572,044$2,367,898$2,089,139$3,336,078
53$3,909,616$2,457,148$2,132,348$3,595,352
54$4,280,776$2,549,928$2,176,162$3,878,703
55$4,688,926$2,646,385$2,220,573$4,188,515
56$5,137,808$2,746,670$2,265,575$4,527,413
57$5,631,552$2,850,943$2,311,158$4,898,290
58$6,174,702$2,959,372$2,357,314$5,304,329
59$6,772,268$3,072,128$2,404,031$5,749,038
60$7,429,771$3,189,393$2,451,297$6,236,278
61$8,153,290$3,311,356$2,499,099$6,770,302
62$8,949,528$3,438,215$2,547,420$7,355,795
63$9,825,867$3,570,174$2,596,246$7,997,915
64$10,790,442$3,707,450$2,645,557$8,702,345
65$11,852,218$3,850,265$2,695,334$9,475,344
66$13,021,070$3,998,855$2,745,554$10,323,808
67$14,307,884$4,153,463$2,796,194$11,255,329
68$15,724,650$4,314,345$2,847,229$12,278,276
69$17,284,584$4,481,767$2,898,631$13,401,863
70$19,002,245$4,656,007$2,950,368$14,636,243
71$20,893,679$4,837,357$3,002,411$15,992,600
72$22,976,565$5,026,118$3,054,722$17,483,256
73$25,270,385$5,222,608$3,107,265$19,121,785
74$27,796,606$5,427,157$3,160,001$20,923,141
75$30,578,884$5,640,112$3,212,885$22,903,801
76$33,643,286$5,861,833$3,265,872$25,081,917
77$37,018,535$6,092,697$3,318,913$27,477,487
78$40,736,284$6,333,098$3,371,955$30,112,547
79$44,831,412$6,583,446$3,424,942$33,011,373
80$49,342,354$6,844,173$3,477,816$36,200,713
81$54,311,463$7,115,727$3,530,512$39,710,040
82$59,785,412$7,398,577$3,582,963$43,571,825
83$65,815,629$7,693,213$3,635,098$47,821,848
84$72,458,791$8,000,148$3,686,841$52,499,529
85$79,777,349$8,319,916$3,738,112$57,648,308
86$87,840,124$8,653,077$3,788,824$63,316,046
87$96,722,955$9,000,217$3,838,888$69,555,480
88$106,509,414$9,361,945$3,888,208$76,424,720
89$117,291,594$9,738,900$3,936,683$83,987,796
90$129,170,980$10,131,750$3,984,206$92,315,263
91$142,259,407$10,541,192$4,030,663$101,484,864
92$156,680,112$10,967,956$4,075,936$111,582,263
93$172,568,901$11,412,804$4,119,898$122,701,855
94$190,075,432$11,876,534$4,162,417$134,947,655
95$209,364,619$12,359,978$4,203,352$148,434,279
96$230,618,202$12,864,008$4,242,555$163,288,024
97$254,036,448$13,389,534$4,279,871$179,648,060
98$279,840,055$13,937,510$4,315,135$197,667,743
99$308,272,224$14,508,932$4,348,176$217,516,062
100$339,600,961$15,104,840$4,378,810$239,379,230