Can I retire at age 45 with 1,840,000?

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 $1,840,000?

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 years$151,945$150,592$149,272$147,983$146,724$146,106
2 years$75,221$73,820$72,462$71,146$69,869$69,245
3 years$49,649$48,242$46,888$45,584$44,328$43,717
4 years$36,866$35,463$34,122$32,840$31,615$31,022
5 years$29,198$27,803$26,480$25,225$24,033$23,460
6 years$24,087$22,704$21,400$20,172$19,017$18,464
7 years$20,438$19,066$17,783$16,585$15,466$14,934
8 years$17,703$16,343$15,082$13,913$12,830$12,320
9 years$15,577$14,230$12,990$11,850$10,805$10,315
10 years$13,877$12,543$11,325$10,215$9,206$8,737
11 years$12,487$11,166$9,970$8,890$7,918$7,469
12 years$11,329$10,022$8,848$7,798$6,861$6,433
13 years$10,350$9,057$7,905$6,884$5,983$5,574
14 years$9,512$8,233$7,103$6,111$5,245$4,855
15 years$8,786$7,521$6,413$5,450$4,618$4,247
16 years$8,152$6,900$5,814$4,880$4,081$3,728
17 years$7,593$6,355$5,291$4,385$3,619$3,283
18 years$7,096$5,872$4,830$3,951$3,218$2,899
19 years$6,652$5,442$4,422$3,570$2,868$2,566
20 years$6,254$5,057$4,058$3,234$2,562$2,276
21 years$5,893$4,711$3,732$2,935$2,292$2,022
22 years$5,566$4,397$3,440$2,668$2,055$1,799
23 years$5,268$4,113$3,176$2,430$1,845$1,603
24 years$4,995$3,853$2,938$2,216$1,658$1,430
25 years$4,744$3,616$2,721$2,024$1,492$1,277
26 years$4,513$3,398$2,523$1,851$1,344$1,141
27 years$4,299$3,198$2,343$1,694$1,212$1,021
28 years$4,101$3,014$2,178$1,552$1,093$914
29 years$3,917$2,843$2,027$1,423$987$819
30 years$3,745$2,685$1,888$1,306$892$734
31 years$3,585$2,538$1,760$1,200$806$658
32 years$3,436$2,402$1,642$1,103$729$591
33 years$3,295$2,274$1,533$1,014$660$530
34 years$3,163$2,156$1,433$933$598$476
35 years$3,039$2,045$1,340$859$541$428
36 years$2,922$1,941$1,253$791$491$384
37 years$2,812$1,843$1,173$729$445$345
38 years$2,708$1,752$1,098$672$403$311
39 years$2,609$1,666$1,029$619$365$279
40 years$2,516$1,585$965$571$332$251
41 years$2,427$1,509$904$527$301$226
42 years$2,343$1,437$848$486$273$203
43 years$2,262$1,369$796$449$248$183
44 years$2,186$1,305$747$415$225$165
45 years$2,114$1,244$702$383$204$148
46 years$2,044$1,187$659$354$185$133
47 years$1,978$1,133$619$327$168$120
48 years$1,915$1,081$582$302$153$108
49 years$1,854$1,033$547$279$139$97
50 years$1,796$986$514$258$126$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,840,000, adding $5,823 every year, while hoping to spend $41,137 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: 55/16/29 Blend
44$1,840,000$1,840,000$1,840,000$1,840,000
45$2,033,686$1,936,166$1,907,646$2,128,891
46$2,197,353$1,987,269$1,927,783$2,246,368
47$2,376,335$2,039,497$1,947,216$2,369,541
48$2,572,151$2,092,862$1,965,877$2,502,879
49$2,786,473$2,147,375$1,983,697$2,647,378
50$3,021,142$2,203,046$2,000,600$2,804,133
51$3,278,188$2,259,884$2,016,509$2,974,351
52$3,559,841$2,317,897$2,031,340$3,159,362
53$3,868,563$2,377,092$2,045,008$3,360,632
54$4,207,061$2,437,474$2,057,421$3,579,777
55$4,578,320$2,499,048$2,068,482$3,818,577
56$4,985,623$2,561,817$2,078,092$4,078,993
57$5,432,592$2,625,781$2,086,143$4,363,188
58$5,923,212$2,690,940$2,092,525$4,673,545
59$6,461,876$2,757,292$2,097,120$5,012,690
60$7,053,419$2,824,831$2,099,805$5,383,517
61$7,703,172$2,893,552$2,100,453$5,789,217
62$8,417,003$2,963,444$2,098,926$6,233,305
63$9,201,381$3,034,496$2,095,084$6,719,657
64$10,063,430$3,106,695$2,088,777$7,252,544
65$11,010,998$3,180,021$2,079,849$7,836,674
66$12,052,733$3,254,455$2,068,137$8,477,235
67$13,198,161$3,329,972$2,053,469$9,179,947
68$14,457,778$3,406,546$2,035,665$9,951,111
69$15,843,148$3,484,143$2,014,537$10,797,677
70$17,367,013$3,562,730$1,989,887$11,727,300
71$19,043,409$3,642,264$1,961,509$12,748,422
72$20,887,804$3,722,703$1,929,187$13,870,343
73$22,917,239$3,803,994$1,892,694$15,103,318
74$25,150,492$3,886,084$1,851,793$16,458,646
75$27,608,250$3,968,910$1,806,236$17,948,783
76$30,313,311$4,052,406$1,755,764$19,587,457
77$33,290,792$4,136,497$1,700,106$21,389,797
78$36,568,370$4,221,103$1,638,977$23,372,482
79$40,176,541$4,306,134$1,572,080$25,553,890
80$44,148,909$4,391,496$1,499,105$27,954,281
81$48,522,501$4,477,082$1,419,729$30,595,981
82$53,338,117$4,562,780$1,333,610$33,503,599
83$58,640,715$4,648,467$1,240,396$36,704,258
84$64,479,834$4,734,008$1,139,716$40,227,850
85$70,910,063$4,819,260$1,031,183$44,107,321
86$77,991,554$4,904,069$914,392$48,378,984
87$85,790,591$4,988,266$788,922$53,082,857
88$94,380,211$5,071,671$654,331$58,263,048
89$103,840,901$5,154,091$510,159$63,968,169
90$114,261,349$5,235,318$355,926$70,251,795
91$125,739,287$5,315,128$191,129$77,172,973
92$138,382,407$5,393,283$15,245$84,796,781
93$152,309,383$5,469,524$0$93,194,939
94$167,650,988$5,543,579$0$102,499,854
95$184,551,328$5,615,153$0$112,753,781
96$203,169,200$5,683,932$0$124,048,193
97$223,679,594$5,749,581$0$136,489,092
98$246,275,344$5,811,741$0$150,193,293
99$271,168,943$5,870,031$0$165,289,523
100$298,594,556$5,924,043$0$181,919,639