Can I retire at age 45 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$130,475$129,313$128,179$127,072$125,991$123,904
2 years$64,592$63,389$62,223$61,092$59,996$57,899
3 years$42,633$41,425$40,262$39,142$38,064$36,023
4 years$31,656$30,452$29,301$28,200$27,147$25,178
5 years$25,072$23,875$22,738$21,660$20,637$18,745
6 years$20,684$19,495$18,376$17,322$16,329$14,516
7 years$17,550$16,372$15,271$14,241$13,280$11,547
8 years$15,202$14,034$12,951$11,947$11,017$9,363
9 years$13,376$12,219$11,154$10,176$9,278$7,703
10 years$11,916$10,771$9,725$8,772$7,905$6,408
11 years$10,722$9,588$8,561$7,634$6,799$5,377
12 years$9,728$8,606$7,598$6,696$5,892$4,543
13 years$8,888$7,777$6,788$5,912$5,138$3,861
14 years$8,168$7,069$6,099$5,248$4,504$3,297
15 years$7,545$6,458$5,507$4,680$3,965$2,826
16 years$7,000$5,925$4,993$4,190$3,505$2,430
17 years$6,520$5,457$4,543$3,765$3,107$2,096
18 years$6,093$5,042$4,147$3,393$2,763$1,812
19 years$5,712$4,673$3,797$3,066$2,463$1,569
20 years$5,370$4,343$3,484$2,777$2,200$1,361
21 years$5,060$4,045$3,205$2,520$1,969$1,183
22 years$4,779$3,776$2,954$2,291$1,765$1,029
23 years$4,523$3,531$2,727$2,087$1,584$896
24 years$4,289$3,309$2,522$1,903$1,424$781
25 years$4,073$3,105$2,336$1,738$1,281$681
26 years$3,875$2,918$2,167$1,589$1,154$595
27 years$3,692$2,746$2,012$1,455$1,040$520
28 years$3,521$2,588$1,870$1,333$939$454
29 years$3,363$2,441$1,741$1,222$848$397
30 years$3,216$2,306$1,621$1,122$766$347
31 years$3,079$2,180$1,512$1,030$692$304
32 years$2,950$2,062$1,410$947$626$266
33 years$2,830$1,953$1,317$871$567$233
34 years$2,716$1,851$1,230$801$513$204
35 years$2,610$1,756$1,150$737$465$179
36 years$2,509$1,666$1,076$679$421$157
37 years$2,415$1,583$1,007$626$382$137
38 years$2,325$1,504$943$577$346$120
39 years$2,240$1,430$884$532$314$105
40 years$2,160$1,361$828$491$285$92
41 years$2,084$1,295$777$453$258$81
42 years$2,012$1,234$728$418$234$71
43 years$1,943$1,175$684$386$213$62
44 years$1,877$1,120$642$356$193$55
45 years$1,815$1,068$603$329$175$48
46 years$1,755$1,019$566$304$159$42
47 years$1,699$973$532$281$144$37
48 years$1,644$929$500$259$131$32
49 years$1,592$887$470$240$119$28
50 years$1,543$847$441$221$108$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,580,000, adding $2,900 every year, while hoping to spend $34,338 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: 45/36/19 Blend
44$1,580,000$1,580,000$1,580,000$1,580,000
45$1,744,151$1,660,411$1,635,921$1,812,991
46$1,885,519$1,705,236$1,654,189$1,906,373
47$2,040,156$1,751,106$1,671,918$2,003,942
48$2,209,379$1,798,037$1,689,054$2,109,030
49$2,394,638$1,846,043$1,705,540$2,222,352
50$2,597,530$1,895,139$1,721,314$2,344,692
51$2,819,814$1,945,336$1,736,315$2,476,916
52$3,063,427$1,996,650$1,750,474$2,619,977
53$3,330,503$2,049,092$1,763,720$2,774,922
54$3,623,390$2,102,674$1,775,981$2,942,907
55$3,944,677$2,157,406$1,787,178$3,125,204
56$4,297,214$2,213,299$1,797,228$3,323,214
57$4,684,140$2,270,361$1,806,046$3,538,481
58$5,108,914$2,328,600$1,813,540$3,772,704
59$5,575,345$2,388,023$1,819,615$4,027,758
60$6,087,630$2,448,636$1,824,172$4,305,705
61$6,650,391$2,510,442$1,827,105$4,608,819
62$7,268,721$2,573,444$1,828,303$4,939,604
63$7,948,231$2,637,643$1,827,651$5,300,821
64$8,695,101$2,703,038$1,825,028$5,695,511
65$9,516,140$2,769,625$1,820,305$6,127,023
66$10,418,851$2,837,401$1,813,349$6,599,052
67$11,411,498$2,906,358$1,804,021$7,115,664
68$12,503,187$2,976,487$1,792,173$7,681,344
69$13,703,952$3,047,775$1,777,650$8,301,032
70$15,024,847$3,120,207$1,760,293$8,980,173
71$16,478,050$3,193,766$1,739,932$9,724,766
72$18,076,981$3,268,430$1,716,389$10,541,424
73$19,836,425$3,344,175$1,689,480$11,437,433
74$21,772,674$3,420,973$1,659,011$12,420,824
75$23,903,678$3,498,792$1,624,779$13,500,445
76$26,249,214$3,577,594$1,586,571$14,686,051
77$28,831,078$3,657,340$1,544,164$15,988,389
78$31,673,281$3,737,983$1,497,327$17,419,305
79$34,802,285$3,819,473$1,445,817$18,991,854
80$38,247,244$3,901,754$1,389,378$20,720,423
81$42,040,286$3,984,762$1,327,744$22,620,868
82$46,216,810$4,068,430$1,260,639$24,710,664
83$50,815,824$4,152,684$1,187,770$27,009,069
84$55,880,313$4,237,439$1,108,835$29,537,310
85$61,457,639$4,322,609$1,023,516$32,318,777
86$67,599,995$4,408,093$931,480$35,379,251
87$74,364,893$4,493,788$832,383$38,747,144
88$81,815,705$4,579,576$725,861$42,453,769
89$90,022,266$4,665,335$611,536$46,533,635
90$99,061,530$4,750,929$489,015$51,024,776
91$109,018,293$4,836,212$357,884$55,969,106
92$119,986,000$4,921,027$217,714$61,412,822
93$132,067,620$5,005,205$68,056$67,406,834
94$145,376,621$5,088,564$0$74,007,249
95$160,038,040$5,170,908$0$81,294,487
96$176,189,664$5,252,026$0$89,334,046
97$193,983,327$5,331,693$0$98,187,323
98$213,586,347$5,409,666$0$107,937,198
99$235,183,102$5,485,687$0$118,675,008
100$258,976,771$5,559,478$0$130,501,401