Can I retire at age 45 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$128,823$127,676$126,556$125,464$124,397$120,802
2 years$63,774$62,586$61,435$60,319$59,236$55,643
3 years$42,094$40,901$39,753$38,647$37,582$34,103
4 years$31,256$30,066$28,930$27,843$26,804$23,466
5 years$24,754$23,572$22,451$21,386$20,376$17,188
6 years$20,422$19,249$18,143$17,103$16,123$13,088
7 years$17,328$16,165$15,077$14,061$13,112$10,230
8 years$15,009$13,856$12,787$11,795$10,878$8,147
9 years$13,206$12,064$11,013$10,047$9,161$6,578
10 years$11,765$10,634$9,602$8,661$7,805$5,368
11 years$10,586$9,467$8,453$7,537$6,713$4,417
12 years$9,605$8,497$7,502$6,611$5,817$3,658
13 years$8,775$7,679$6,702$5,837$5,073$3,045
14 years$8,065$6,980$6,022$5,181$4,447$2,545
15 years$7,449$6,376$5,437$4,621$3,915$2,135
16 years$6,911$5,850$4,930$4,137$3,460$1,796
17 years$6,437$5,388$4,486$3,717$3,068$1,515
18 years$6,016$4,979$4,095$3,350$2,728$1,280
19 years$5,640$4,614$3,749$3,027$2,432$1,083
20 years$5,302$4,288$3,440$2,742$2,172$918
21 years$4,996$3,994$3,164$2,488$1,944$779
22 years$4,719$3,728$2,917$2,262$1,742$661
23 years$4,466$3,487$2,693$2,060$1,564$562
24 years$4,235$3,267$2,491$1,879$1,406$478
25 years$4,022$3,066$2,307$1,716$1,265$407
26 years$3,826$2,881$2,139$1,569$1,139$347
27 years$3,645$2,712$1,987$1,436$1,027$295
28 years$3,477$2,555$1,847$1,316$927$252
29 years$3,321$2,411$1,719$1,207$837$214
30 years$3,175$2,276$1,601$1,108$756$183
31 years$3,040$2,152$1,492$1,017$684$156
32 years$2,913$2,036$1,392$935$618$133
33 years$2,794$1,928$1,300$860$560$114
34 years$2,682$1,828$1,215$791$507$97
35 years$2,577$1,733$1,136$728$459$83
36 years$2,478$1,645$1,062$671$416$71
37 years$2,384$1,563$994$618$377$60
38 years$2,296$1,485$931$569$342$51
39 years$2,212$1,412$872$525$310$44
40 years$2,133$1,344$818$484$281$37
41 years$2,058$1,279$767$447$255$32
42 years$1,986$1,218$719$412$231$27
43 years$1,918$1,161$675$381$210$23
44 years$1,854$1,106$634$351$191$20
45 years$1,792$1,055$595$325$173$17
46 years$1,733$1,006$559$300$157$15
47 years$1,677$960$525$277$143$12
48 years$1,623$917$493$256$130$11
49 years$1,572$875$464$237$118$9
50 years$1,523$836$436$219$107$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,560,000, adding $5,712 every year, while hoping to spend $20,694 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: 49/24/27 Blend
44$1,560,000$1,560,000$1,560,000$1,560,000
45$1,725,012$1,642,332$1,618,152$1,796,066
46$1,878,945$1,700,788$1,650,342$1,904,861
47$2,047,885$1,761,415$1,682,916$2,020,488
48$2,233,342$1,824,297$1,715,867$2,145,708
49$2,436,978$1,889,522$1,749,183$2,281,437
50$2,660,624$1,957,182$1,782,854$2,428,685
51$2,906,296$2,027,373$1,816,868$2,588,561
52$3,176,216$2,100,192$1,851,212$2,762,286
53$3,472,833$2,175,745$1,885,871$2,951,205
54$3,798,844$2,254,138$1,920,829$3,156,796
55$4,157,218$2,335,483$1,956,069$3,380,687
56$4,551,230$2,419,897$1,991,573$3,624,670
57$4,984,485$2,507,502$2,027,320$3,890,717
58$5,460,957$2,598,424$2,063,290$4,180,998
59$5,985,022$2,692,794$2,099,458$4,497,906
60$6,561,505$2,790,751$2,135,799$4,844,071
61$7,195,717$2,892,437$2,172,288$5,222,391
62$7,893,515$2,998,001$2,208,894$5,636,058
63$8,661,349$3,107,599$2,245,588$6,088,585
64$9,506,328$3,221,392$2,282,336$6,583,843
65$10,436,281$3,339,549$2,319,102$7,126,091
66$11,459,840$3,462,245$2,355,850$7,720,026
67$12,586,512$3,589,663$2,392,540$8,370,814
68$13,826,775$3,721,995$2,429,128$9,084,151
69$15,192,172$3,859,438$2,465,570$9,866,307
70$16,695,424$4,002,201$2,501,817$10,724,190
71$18,350,548$4,150,500$2,537,818$11,665,408
72$20,172,988$4,304,559$2,573,520$12,698,345
73$22,179,764$4,464,613$2,608,864$13,832,231
74$24,389,629$4,630,908$2,643,790$15,077,240
75$26,823,247$4,803,699$2,678,233$16,444,575
76$29,503,389$4,983,251$2,712,124$17,946,580
77$32,455,147$5,169,842$2,745,393$19,596,854
78$35,706,170$5,363,763$2,777,962$21,410,380
79$39,286,927$5,565,315$2,809,751$23,403,663
80$43,230,991$5,774,812$2,840,675$25,594,887
81$47,575,358$5,992,584$2,870,643$28,004,088
82$52,360,797$6,218,974$2,899,563$30,653,341
83$57,632,233$6,454,338$2,927,332$33,566,965
84$63,439,170$6,699,050$2,953,847$36,771,757
85$69,836,161$6,953,498$2,978,997$40,297,241
86$76,883,320$7,218,090$3,002,664$44,175,949
87$84,646,891$7,493,249$3,024,726$48,443,722
88$93,199,873$7,779,418$3,045,053$53,140,054
89$102,622,707$8,077,057$3,063,509$58,308,461
90$113,004,039$8,386,648$3,079,953$63,996,889
91$124,441,552$8,708,694$3,094,232$70,258,173
92$137,042,890$9,043,721$3,106,189$77,150,524
93$150,926,677$9,392,275$3,115,658$84,738,090
94$166,223,630$9,754,929$3,122,465$93,091,551
95$183,077,799$10,132,279$3,126,426$102,288,790
96$201,647,924$10,524,949$3,127,350$112,415,627
97$222,108,931$10,933,591$3,125,035$123,566,626
98$244,653,587$11,358,882$3,119,269$135,845,991
99$269,494,319$11,801,534$3,109,831$149,368,544
100$296,865,217$12,262,286$3,096,488$164,260,812