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%14.9%
1 years$130,475$129,313$128,179$127,072$125,991$123,448
2 years$64,592$63,389$62,223$61,092$59,996$57,444
3 years$42,633$41,425$40,262$39,142$38,064$35,584
4 years$31,656$30,452$29,301$28,200$27,147$24,758
5 years$25,072$23,875$22,738$21,660$20,637$18,345
6 years$20,684$19,495$18,376$17,322$16,329$14,138
7 years$17,550$16,372$15,271$14,241$13,280$11,189
8 years$15,202$14,034$12,951$11,947$11,017$9,026
9 years$13,376$12,219$11,154$10,176$9,278$7,386
10 years$11,916$10,771$9,725$8,772$7,905$6,110
11 years$10,722$9,588$8,561$7,634$6,799$5,098
12 years$9,728$8,606$7,598$6,696$5,892$4,283
13 years$8,888$7,777$6,788$5,912$5,138$3,618
14 years$8,168$7,069$6,099$5,248$4,504$3,071
15 years$7,545$6,458$5,507$4,680$3,965$2,616
16 years$7,000$5,925$4,993$4,190$3,505$2,235
17 years$6,520$5,457$4,543$3,765$3,107$1,915
18 years$6,093$5,042$4,147$3,393$2,763$1,645
19 years$5,712$4,673$3,797$3,066$2,463$1,415
20 years$5,370$4,343$3,484$2,777$2,200$1,219
21 years$5,060$4,045$3,205$2,520$1,969$1,052
22 years$4,779$3,776$2,954$2,291$1,765$909
23 years$4,523$3,531$2,727$2,087$1,584$786
24 years$4,289$3,309$2,522$1,903$1,424$680
25 years$4,073$3,105$2,336$1,738$1,281$589
26 years$3,875$2,918$2,167$1,589$1,154$511
27 years$3,692$2,746$2,012$1,455$1,040$443
28 years$3,521$2,588$1,870$1,333$939$384
29 years$3,363$2,441$1,741$1,222$848$334
30 years$3,216$2,306$1,621$1,122$766$290
31 years$3,079$2,180$1,512$1,030$692$252
32 years$2,950$2,062$1,410$947$626$219
33 years$2,830$1,953$1,317$871$567$190
34 years$2,716$1,851$1,230$801$513$165
35 years$2,610$1,756$1,150$737$465$143
36 years$2,509$1,666$1,076$679$421$125
37 years$2,415$1,583$1,007$626$382$108
38 years$2,325$1,504$943$577$346$94
39 years$2,240$1,430$884$532$314$82
40 years$2,160$1,361$828$491$285$71
41 years$2,084$1,295$777$453$258$62
42 years$2,012$1,234$728$418$234$54
43 years$1,943$1,175$684$386$213$47
44 years$1,877$1,120$642$356$193$41
45 years$1,815$1,068$603$329$175$36
46 years$1,755$1,019$566$304$159$31
47 years$1,699$973$532$281$144$27
48 years$1,644$929$500$259$131$23
49 years$1,592$887$470$240$119$20
50 years$1,543$847$441$221$108$18

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 $3,971 every year, while hoping to spend $58,986 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: 51/24/25 Blend
44$1,580,000$1,580,000$1,580,000$1,580,000
45$1,745,256$1,661,516$1,637,026$1,821,843
46$1,860,512$1,680,170$1,629,106$1,894,093
47$1,985,546$1,697,760$1,618,943$1,966,310
48$2,121,295$1,714,174$1,606,401$2,043,643
49$2,268,787$1,729,288$1,591,335$2,126,600
50$2,429,153$1,742,973$1,573,595$2,215,748
51$2,603,638$1,755,091$1,553,022$2,311,709
52$2,793,613$1,765,493$1,529,452$2,415,174
53$3,000,583$1,774,025$1,502,710$2,526,906
54$3,226,209$1,780,518$1,472,617$2,647,748
55$3,472,314$1,784,795$1,438,981$2,778,633
56$3,740,908$1,786,668$1,401,606$2,920,592
57$4,034,204$1,785,938$1,360,282$3,074,764
58$4,354,635$1,782,391$1,314,794$3,242,407
59$4,704,881$1,775,802$1,264,913$3,424,912
60$5,087,894$1,765,931$1,210,403$3,623,817
61$5,506,922$1,752,525$1,151,014$3,840,820
62$5,965,543$1,735,313$1,086,488$4,077,797
63$6,467,697$1,714,012$1,016,554$4,336,819
64$7,017,720$1,688,317$940,927$4,620,176
65$7,620,391$1,657,908$859,311$4,930,395
66$8,280,971$1,622,445$771,398$5,270,268
67$9,005,253$1,581,568$676,863$5,642,878
68$9,799,621$1,534,897$575,370$6,051,629
69$10,671,103$1,482,027$466,565$6,500,279
70$11,627,441$1,422,533$350,081$6,992,976
71$12,677,164$1,355,961$225,533$7,534,302
72$13,829,667$1,281,835$92,520$8,129,312
73$15,095,297$1,199,648$0$8,783,587
74$16,485,453$1,108,868$0$9,516,471
75$18,012,695$1,008,927$0$10,348,773
76$19,690,855$899,230$0$11,263,410
77$21,535,175$779,145$0$12,268,789
78$23,562,445$648,005$0$13,374,177
79$25,791,163$505,106$0$14,589,791
80$28,241,709$349,704$0$15,926,898
81$30,936,535$181,011$0$17,397,918
82$33,900,380$0$0$19,016,544
83$37,160,500$0$0$20,798,347
84$40,746,923$0$0$22,811,261
85$44,692,738$0$0$25,026,074
86$49,034,399$0$0$27,463,272
87$53,812,073$0$0$30,145,427
88$59,070,020$0$0$33,097,410
89$64,857,005$0$0$36,346,625
90$71,226,759$0$0$39,923,269
91$78,238,491$0$0$43,860,614
92$85,957,437$0$0$48,195,320
93$94,455,483$0$0$52,967,785
94$103,811,836$0$0$58,222,523
95$114,113,777$0$0$64,008,583
96$125,457,479$0$0$70,380,013
97$137,948,918$0$0$77,396,369
98$151,704,870$0$0$85,123,278
99$166,854,011$0$0$93,633,055
100$183,538,134$0$0$103,005,385