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%18.6%
1 years$130,475$129,313$128,179$127,072$125,991$121,618
2 years$64,592$63,389$62,223$61,092$59,996$55,635
3 years$42,633$41,425$40,262$39,142$38,064$33,852
4 years$31,656$30,452$29,301$28,200$27,147$23,118
5 years$25,072$23,875$22,738$21,660$20,637$16,800
6 years$20,684$19,495$18,376$17,322$16,329$12,687
7 years$17,550$16,372$15,271$14,241$13,280$9,833
8 years$15,202$14,034$12,951$11,947$11,017$7,761
9 years$13,376$12,219$11,154$10,176$9,278$6,210
10 years$11,916$10,771$9,725$8,772$7,905$5,020
11 years$10,722$9,588$8,561$7,634$6,799$4,090
12 years$9,728$8,606$7,598$6,696$5,892$3,354
13 years$8,888$7,777$6,788$5,912$5,138$2,764
14 years$8,168$7,069$6,099$5,248$4,504$2,286
15 years$7,545$6,458$5,507$4,680$3,965$1,898
16 years$7,000$5,925$4,993$4,190$3,505$1,579
17 years$6,520$5,457$4,543$3,765$3,107$1,317
18 years$6,093$5,042$4,147$3,393$2,763$1,101
19 years$5,712$4,673$3,797$3,066$2,463$921
20 years$5,370$4,343$3,484$2,777$2,200$772
21 years$5,060$4,045$3,205$2,520$1,969$647
22 years$4,779$3,776$2,954$2,291$1,765$543
23 years$4,523$3,531$2,727$2,087$1,584$456
24 years$4,289$3,309$2,522$1,903$1,424$384
25 years$4,073$3,105$2,336$1,738$1,281$323
26 years$3,875$2,918$2,167$1,589$1,154$271
27 years$3,692$2,746$2,012$1,455$1,040$228
28 years$3,521$2,588$1,870$1,333$939$192
29 years$3,363$2,441$1,741$1,222$848$162
30 years$3,216$2,306$1,621$1,122$766$136
31 years$3,079$2,180$1,512$1,030$692$115
32 years$2,950$2,062$1,410$947$626$97
33 years$2,830$1,953$1,317$871$567$82
34 years$2,716$1,851$1,230$801$513$69
35 years$2,610$1,756$1,150$737$465$58
36 years$2,509$1,666$1,076$679$421$49
37 years$2,415$1,583$1,007$626$382$41
38 years$2,325$1,504$943$577$346$35
39 years$2,240$1,430$884$532$314$29
40 years$2,160$1,361$828$491$285$25
41 years$2,084$1,295$777$453$258$21
42 years$2,012$1,234$728$418$234$18
43 years$1,943$1,175$684$386$213$15
44 years$1,877$1,120$642$356$193$12
45 years$1,815$1,068$603$329$175$10
46 years$1,755$1,019$566$304$159$9
47 years$1,699$973$532$281$144$7
48 years$1,644$929$500$259$131$6
49 years$1,592$887$470$240$119$5
50 years$1,543$847$441$221$108$4

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 $6,559 every year, while hoping to spend $40,643 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: 71/23/6 Blend
44$1,580,000$1,580,000$1,580,000$1,580,000
45$1,747,926$1,664,186$1,639,696$1,870,228
46$1,882,970$1,702,487$1,651,382$1,990,141
47$2,030,427$1,741,303$1,662,097$2,115,660
48$2,191,520$1,780,615$1,671,766$2,251,907
49$2,367,594$1,820,405$1,680,310$2,399,926
50$2,560,133$1,860,650$1,687,645$2,560,865
51$2,770,769$1,901,324$1,693,683$2,735,991
52$3,001,300$1,942,400$1,698,333$2,926,697
53$3,253,703$1,983,849$1,701,498$3,134,520
54$3,530,159$2,025,636$1,703,077$3,361,150
55$3,833,068$2,067,725$1,702,963$3,608,449
56$4,165,073$2,110,076$1,701,044$3,878,470
57$4,529,085$2,152,644$1,697,204$4,173,472
58$4,928,310$2,195,382$1,691,319$4,495,944
59$5,366,280$2,238,238$1,683,260$4,848,630
60$5,846,884$2,281,155$1,672,893$5,234,551
61$6,374,407$2,324,072$1,660,075$5,657,035
62$6,953,568$2,366,923$1,644,659$6,119,751
63$7,589,566$2,409,637$1,626,490$6,626,739
64$8,288,129$2,452,135$1,605,403$7,182,452
65$9,055,564$2,494,336$1,581,230$7,791,795
66$9,898,821$2,536,148$1,553,792$8,460,174
67$10,825,558$2,577,477$1,522,901$9,193,544
68$11,844,210$2,618,218$1,488,363$9,998,470
69$12,964,069$2,658,260$1,449,972$10,882,181
70$14,195,374$2,697,485$1,407,516$11,852,648
71$15,549,404$2,735,764$1,360,770$12,918,651
72$17,038,588$2,772,961$1,309,501$14,089,867
73$18,676,617$2,808,929$1,253,462$15,376,958
74$20,478,579$2,843,513$1,192,400$16,791,676
75$22,461,094$2,876,546$1,126,046$18,346,969
76$24,642,478$2,907,848$1,054,120$20,057,107
77$27,042,908$2,937,231$976,331$21,937,813
78$29,684,620$2,964,490$892,373$24,006,417
79$32,592,112$2,989,411$801,928$26,282,016
80$35,792,377$3,011,762$704,662$28,785,653
81$39,315,159$3,031,297$600,228$31,540,521
82$43,193,231$3,047,757$488,262$34,572,176
83$47,462,706$3,060,863$368,385$37,908,784
84$52,163,377$3,070,320$240,200$41,581,383
85$57,339,090$3,075,814$103,295$45,624,180
86$63,038,159$3,077,010$0$50,074,868
87$69,313,823$3,073,556$0$54,977,732
88$76,224,747$3,065,074$0$60,383,046
89$83,835,574$3,051,166$0$66,334,672
90$92,217,536$3,031,407$0$72,888,242
91$101,449,127$3,005,347$0$80,105,062
92$111,616,840$2,972,511$0$88,052,692
93$122,815,986$2,932,393$0$96,805,583
94$135,151,594$2,884,458$0$106,445,783
95$148,739,397$2,828,137$0$117,063,707
96$163,706,931$2,762,831$0$128,758,995
97$180,194,730$2,687,902$0$141,641,453
98$198,357,660$2,602,677$0$155,832,087
99$218,366,376$2,506,442$0$171,464,250
100$240,408,932$2,398,443$0$188,684,897