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%11.6%
1 years$128,823$127,676$126,556$125,464$124,397$123,561
2 years$63,774$62,586$61,435$60,319$59,236$58,394
3 years$42,094$40,901$39,753$38,647$37,582$36,758
4 years$31,256$30,066$28,930$27,843$26,804$26,005
5 years$24,754$23,572$22,451$21,386$20,376$19,605
6 years$20,422$19,249$18,143$17,103$16,123$15,380
7 years$17,328$16,165$15,077$14,061$13,112$12,399
8 years$15,009$13,856$12,787$11,795$10,878$10,193
9 years$13,206$12,064$11,013$10,047$9,161$8,505
10 years$11,765$10,634$9,602$8,661$7,805$7,178
11 years$10,586$9,467$8,453$7,537$6,713$6,114
12 years$9,605$8,497$7,502$6,611$5,817$5,246
13 years$8,775$7,679$6,702$5,837$5,073$4,528
14 years$8,065$6,980$6,022$5,181$4,447$3,929
15 years$7,449$6,376$5,437$4,621$3,915$3,423
16 years$6,911$5,850$4,930$4,137$3,460$2,993
17 years$6,437$5,388$4,486$3,717$3,068$2,625
18 years$6,016$4,979$4,095$3,350$2,728$2,308
19 years$5,640$4,614$3,749$3,027$2,432$2,034
20 years$5,302$4,288$3,440$2,742$2,172$1,796
21 years$4,996$3,994$3,164$2,488$1,944$1,589
22 years$4,719$3,728$2,917$2,262$1,742$1,407
23 years$4,466$3,487$2,693$2,060$1,564$1,248
24 years$4,235$3,267$2,491$1,879$1,406$1,109
25 years$4,022$3,066$2,307$1,716$1,265$985
26 years$3,826$2,881$2,139$1,569$1,139$877
27 years$3,645$2,712$1,987$1,436$1,027$781
28 years$3,477$2,555$1,847$1,316$927$696
29 years$3,321$2,411$1,719$1,207$837$620
30 years$3,175$2,276$1,601$1,108$756$553
31 years$3,040$2,152$1,492$1,017$684$494
32 years$2,913$2,036$1,392$935$618$441
33 years$2,794$1,928$1,300$860$560$394
34 years$2,682$1,828$1,215$791$507$352
35 years$2,577$1,733$1,136$728$459$314
36 years$2,478$1,645$1,062$671$416$281
37 years$2,384$1,563$994$618$377$251
38 years$2,296$1,485$931$569$342$225
39 years$2,212$1,412$872$525$310$201
40 years$2,133$1,344$818$484$281$180
41 years$2,058$1,279$767$447$255$161
42 years$1,986$1,218$719$412$231$144
43 years$1,918$1,161$675$381$210$129
44 years$1,854$1,106$634$351$191$116
45 years$1,792$1,055$595$325$173$103
46 years$1,733$1,006$559$300$157$93
47 years$1,677$960$525$277$143$83
48 years$1,623$917$493$256$130$74
49 years$1,572$875$464$237$118$66
50 years$1,523$836$436$219$107$60

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 $6,099 every year, while hoping to spend $44,087 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: 46/32/22 Blend
44$1,560,000$1,560,000$1,560,000$1,560,000
45$1,725,411$1,642,731$1,618,551$1,793,647
46$1,854,495$1,676,317$1,625,864$1,875,741
47$1,995,267$1,710,070$1,631,945$1,959,918
48$2,148,875$1,743,954$1,636,705$2,050,348
49$2,316,578$1,777,925$1,640,053$2,147,635
50$2,499,765$1,811,940$1,641,891$2,252,445
51$2,699,964$1,845,948$1,642,117$2,365,515
52$2,918,859$1,879,898$1,640,626$2,487,655
53$3,158,300$1,913,731$1,637,305$2,619,759
54$3,420,329$1,947,386$1,632,037$2,762,814
55$3,707,191$1,980,796$1,624,699$2,917,910
56$4,021,360$2,013,891$1,615,161$3,086,245
57$4,365,559$2,046,591$1,603,290$3,269,146
58$4,742,788$2,078,816$1,588,942$3,468,071
59$5,156,350$2,110,476$1,571,969$3,684,632
60$5,609,885$2,141,476$1,552,217$3,920,608
61$6,107,399$2,171,714$1,529,522$4,177,957
62$6,653,306$2,201,081$1,503,714$4,458,843
63$7,252,469$2,229,460$1,474,614$4,765,651
64$7,910,243$2,256,726$1,442,036$5,101,010
65$8,632,528$2,282,746$1,405,784$5,467,823
66$9,425,823$2,307,377$1,365,655$5,869,290
67$10,297,286$2,330,467$1,321,433$6,308,941
68$11,254,804$2,351,855$1,272,896$6,790,668
69$12,307,065$2,371,367$1,219,809$7,318,764
70$13,463,642$2,388,820$1,161,929$7,897,965
71$14,735,079$2,404,018$1,098,999$8,533,493
72$16,132,994$2,416,752$1,030,753$9,231,106
73$17,670,187$2,426,801$956,911$9,997,155
74$19,360,760$2,433,928$877,181$10,838,644
75$21,220,250$2,437,883$791,260$11,763,295
76$23,265,776$2,438,400$698,827$12,779,624
77$25,516,199$2,435,195$599,552$13,897,023
78$27,992,301$2,427,969$493,086$15,125,846
79$30,716,979$2,416,403$379,068$16,477,511
80$33,715,462$2,400,158$257,117$17,964,609
81$37,015,548$2,378,875$126,840$19,601,020
82$40,647,869$2,352,175$0$21,402,051
83$44,646,173$2,319,653$0$23,387,439
84$49,047,650$2,280,882$0$25,604,888
85$53,893,275$2,235,411$0$28,045,213
86$59,228,201$2,182,758$0$30,731,140
87$65,102,181$2,122,416$0$33,687,718
88$71,570,037$2,053,848$0$36,942,557
89$78,692,178$1,976,484$0$40,526,087
90$86,535,171$1,889,723$0$44,471,851
91$95,172,365$1,792,926$0$48,816,814
92$104,684,587$1,685,420$0$53,601,723
93$115,160,902$1,566,493$0$58,871,486
94$126,699,453$1,435,390$0$64,675,601
95$139,408,389$1,291,316$0$71,068,622
96$153,406,883$1,133,428$0$78,110,675
97$168,826,256$960,838$0$85,868,032
98$185,811,219$772,604$0$94,413,733
99$204,521,237$567,735$0$103,828,277
100$225,132,030$345,181$0$114,200,390