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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$128,823$127,676$126,556$125,464$124,397$121,291
2 years$63,774$62,586$61,435$60,319$59,236$56,127
3 years$42,094$40,901$39,753$38,647$37,582$34,566
4 years$31,256$30,066$28,930$27,843$26,804$23,905
5 years$24,754$23,572$22,451$21,386$20,376$17,602
6 years$20,422$19,249$18,143$17,103$16,123$13,477
7 years$17,328$16,165$15,077$14,061$13,112$10,594
8 years$15,009$13,856$12,787$11,795$10,878$8,486
9 years$13,206$12,064$11,013$10,047$9,161$6,894
10 years$11,765$10,634$9,602$8,661$7,805$5,661
11 years$10,586$9,467$8,453$7,537$6,713$4,687
12 years$9,605$8,497$7,502$6,611$5,817$3,907
13 years$8,775$7,679$6,702$5,837$5,073$3,275
14 years$8,065$6,980$6,022$5,181$4,447$2,756
15 years$7,449$6,376$5,437$4,621$3,915$2,329
16 years$6,911$5,850$4,930$4,137$3,460$1,973
17 years$6,437$5,388$4,486$3,717$3,068$1,676
18 years$6,016$4,979$4,095$3,350$2,728$1,427
19 years$5,640$4,614$3,749$3,027$2,432$1,216
20 years$5,302$4,288$3,440$2,742$2,172$1,039
21 years$4,996$3,994$3,164$2,488$1,944$888
22 years$4,719$3,728$2,917$2,262$1,742$760
23 years$4,466$3,487$2,693$2,060$1,564$651
24 years$4,235$3,267$2,491$1,879$1,406$558
25 years$4,022$3,066$2,307$1,716$1,265$479
26 years$3,826$2,881$2,139$1,569$1,139$411
27 years$3,645$2,712$1,987$1,436$1,027$353
28 years$3,477$2,555$1,847$1,316$927$303
29 years$3,321$2,411$1,719$1,207$837$261
30 years$3,175$2,276$1,601$1,108$756$224
31 years$3,040$2,152$1,492$1,017$684$193
32 years$2,913$2,036$1,392$935$618$166
33 years$2,794$1,928$1,300$860$560$143
34 years$2,682$1,828$1,215$791$507$123
35 years$2,577$1,733$1,136$728$459$106
36 years$2,478$1,645$1,062$671$416$91
37 years$2,384$1,563$994$618$377$78
38 years$2,296$1,485$931$569$342$67
39 years$2,212$1,412$872$525$310$58
40 years$2,133$1,344$818$484$281$50
41 years$2,058$1,279$767$447$255$43
42 years$1,986$1,218$719$412$231$37
43 years$1,918$1,161$675$381$210$32
44 years$1,854$1,106$634$351$191$27
45 years$1,792$1,055$595$325$173$24
46 years$1,733$1,006$559$300$157$20
47 years$1,677$960$525$277$143$18
48 years$1,623$917$493$256$130$15
49 years$1,572$875$464$237$118$13
50 years$1,523$836$436$219$107$11

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 $3,602 every year, while hoping to spend $38,337 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: 41/31/28 Blend
44$1,560,000$1,560,000$1,560,000$1,560,000
45$1,722,835$1,640,155$1,615,975$1,779,158
46$1,857,774$1,679,733$1,629,320$1,859,813
47$2,005,192$1,719,965$1,641,827$1,943,207
48$2,166,321$1,760,842$1,653,428$2,032,746
49$2,342,518$1,802,356$1,664,050$2,129,020
50$2,535,277$1,844,494$1,673,618$2,232,677
51$2,746,243$1,887,241$1,682,052$2,344,434
52$2,977,227$1,930,583$1,689,268$2,465,079
53$3,230,224$1,974,501$1,695,178$2,595,483
54$3,507,430$2,018,975$1,699,689$2,736,604
55$3,811,264$2,063,981$1,702,705$2,889,500
56$4,144,391$2,109,494$1,704,123$3,055,337
57$4,509,744$2,155,484$1,703,837$3,235,400
58$4,910,556$2,201,922$1,701,734$3,431,107
59$5,350,387$2,248,770$1,697,696$3,644,022
60$5,833,158$2,295,991$1,691,600$3,875,866
61$6,363,187$2,343,542$1,683,316$4,128,542
62$6,945,234$2,391,377$1,672,709$4,404,144
63$7,584,539$2,439,446$1,659,636$4,704,983
64$8,286,876$2,487,693$1,643,948$5,033,608
65$9,058,607$2,536,058$1,625,489$5,392,826
66$9,906,737$2,584,478$1,604,096$5,785,737
67$10,838,987$2,632,880$1,579,596$6,215,755
68$11,863,863$2,681,190$1,551,811$6,686,648
69$12,990,734$2,729,326$1,520,554$7,202,567
70$14,229,923$2,777,197$1,485,627$7,768,092
71$15,592,805$2,824,710$1,446,825$8,388,271
72$17,091,911$2,871,760$1,403,934$9,068,671
73$18,741,048$2,918,239$1,356,728$9,815,429
74$20,555,429$2,964,026$1,304,972$10,635,312
75$22,551,814$3,008,995$1,248,420$11,535,780
76$24,748,672$3,053,008$1,186,815$12,525,060
77$27,166,352$3,095,921$1,119,888$13,612,220
78$29,827,274$3,137,576$1,047,359$14,807,258
79$32,756,145$3,177,805$968,934$16,121,198
80$35,980,184$3,216,430$884,306$17,566,191
81$39,529,387$3,253,259$793,154$19,155,636
82$43,436,804$3,288,089$695,145$20,904,302
83$47,738,854$3,320,701$589,927$22,828,472
84$52,475,664$3,350,863$477,138$24,946,096
85$57,691,454$3,378,327$356,394$27,276,962
86$63,434,948$3,402,831$227,299$29,842,884
87$69,759,835$3,424,092$89,436$32,667,909
88$76,725,279$3,441,813$0$35,778,545
89$84,396,471$3,455,675$0$39,221,248
90$92,845,248$3,465,341$0$43,040,631
91$102,150,772$3,470,450$0$47,245,593
92$112,400,271$3,470,623$0$51,875,421
93$123,689,868$3,465,453$0$56,973,412
94$136,125,483$3,454,509$0$62,587,282
95$149,823,839$3,437,336$0$68,769,619
96$164,913,553$3,413,448$0$75,578,376
97$181,536,360$3,382,332$0$83,077,423
98$199,848,445$3,343,442$0$91,337,149
99$220,021,916$3,296,201$0$100,435,127
100$242,246,433$3,239,996$0$110,456,849