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

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$130,475$129,313$128,179$127,072$125,991$121,088
2 years$64,592$63,389$62,223$61,092$59,996$55,115
3 years$42,633$41,425$40,262$39,142$38,064$33,359
4 years$31,656$30,452$29,301$28,200$27,147$22,655
5 years$25,072$23,875$22,738$21,660$20,637$16,368
6 years$20,684$19,495$18,376$17,322$16,329$12,287
7 years$17,550$16,372$15,271$14,241$13,280$9,462
8 years$15,202$14,034$12,951$11,947$11,017$7,421
9 years$13,376$12,219$11,154$10,176$9,278$5,897
10 years$11,916$10,771$9,725$8,772$7,905$4,734
11 years$10,722$9,588$8,561$7,634$6,799$3,830
12 years$9,728$8,606$7,598$6,696$5,892$3,117
13 years$8,888$7,777$6,788$5,912$5,138$2,549
14 years$8,168$7,069$6,099$5,248$4,504$2,093
15 years$7,545$6,458$5,507$4,680$3,965$1,724
16 years$7,000$5,925$4,993$4,190$3,505$1,423
17 years$6,520$5,457$4,543$3,765$3,107$1,177
18 years$6,093$5,042$4,147$3,393$2,763$976
19 years$5,712$4,673$3,797$3,066$2,463$810
20 years$5,370$4,343$3,484$2,777$2,200$673
21 years$5,060$4,045$3,205$2,520$1,969$559
22 years$4,779$3,776$2,954$2,291$1,765$465
23 years$4,523$3,531$2,727$2,087$1,584$388
24 years$4,289$3,309$2,522$1,903$1,424$323
25 years$4,073$3,105$2,336$1,738$1,281$269
26 years$3,875$2,918$2,167$1,589$1,154$224
27 years$3,692$2,746$2,012$1,455$1,040$187
28 years$3,521$2,588$1,870$1,333$939$156
29 years$3,363$2,441$1,741$1,222$848$130
30 years$3,216$2,306$1,621$1,122$766$109
31 years$3,079$2,180$1,512$1,030$692$91
32 years$2,950$2,062$1,410$947$626$76
33 years$2,830$1,953$1,317$871$567$63
34 years$2,716$1,851$1,230$801$513$53
35 years$2,610$1,756$1,150$737$465$44
36 years$2,509$1,666$1,076$679$421$37
37 years$2,415$1,583$1,007$626$382$31
38 years$2,325$1,504$943$577$346$26
39 years$2,240$1,430$884$532$314$21
40 years$2,160$1,361$828$491$285$18
41 years$2,084$1,295$777$453$258$15
42 years$2,012$1,234$728$418$234$13
43 years$1,943$1,175$684$386$213$10
44 years$1,877$1,120$642$356$193$9
45 years$1,815$1,068$603$329$175$7
46 years$1,755$1,019$566$304$159$6
47 years$1,699$973$532$281$144$5
48 years$1,644$929$500$259$131$4
49 years$1,592$887$470$240$119$4
50 years$1,543$847$441$221$108$3

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 $4,313 every year, while hoping to spend $46,914 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: 82/9/9 Blend
44$1,580,000$1,580,000$1,580,000$1,580,000
45$1,745,609$1,661,869$1,637,379$1,886,195
46$1,873,745$1,693,384$1,642,315$2,010,369
47$2,013,378$1,724,872$1,645,844$2,139,991
48$2,165,633$1,756,280$1,647,869$2,280,876
49$2,331,744$1,787,554$1,648,290$2,434,124
50$2,513,073$1,818,635$1,646,998$2,600,952
51$2,711,117$1,849,460$1,643,884$2,782,695
52$2,927,526$1,879,958$1,638,829$2,980,827
53$3,164,114$1,910,057$1,631,710$3,196,970
54$3,422,881$1,939,677$1,622,400$3,432,910
55$3,706,027$1,968,733$1,610,762$3,690,617
56$4,015,975$1,997,135$1,596,656$3,972,257
57$4,355,394$2,024,784$1,579,934$4,280,220
58$4,727,222$2,051,576$1,560,439$4,617,136
59$5,134,695$2,077,399$1,538,011$4,985,904
60$5,581,378$2,102,135$1,512,477$5,389,719
61$6,071,194$2,125,656$1,483,661$5,832,098
62$6,608,468$2,147,826$1,451,376$6,316,919
63$7,197,962$2,168,499$1,415,427$6,848,452
64$7,844,920$2,187,521$1,375,610$7,431,403
65$8,555,119$2,204,727$1,331,711$8,070,960
66$9,334,925$2,219,942$1,283,506$8,772,834
67$10,191,347$2,232,979$1,230,763$9,543,322
68$11,132,108$2,243,639$1,173,238$10,389,362
69$12,165,716$2,251,710$1,110,674$11,318,598
70$13,301,544$2,256,968$1,042,806$12,339,453
71$14,549,915$2,259,174$969,355$13,461,209
72$15,922,207$2,258,074$890,028$14,694,095
73$17,430,951$2,253,398$804,523$16,049,382
74$19,089,954$2,244,861$712,520$17,539,490
75$20,914,428$2,232,158$613,688$19,178,107
76$22,921,133$2,214,967$507,681$20,980,315
77$25,128,535$2,192,947$394,135$22,962,735
78$27,556,981$2,165,736$272,673$25,143,683
79$30,228,885$2,132,950$142,900$27,543,343
80$33,168,948$2,094,181$4,404$30,183,958
81$36,404,385$2,049,000$0$33,090,039
82$39,965,180$1,996,949$0$36,302,370
83$43,884,374$1,937,545$0$39,838,293
84$48,198,372$1,870,277$0$43,730,234
85$52,947,289$1,794,603$0$48,014,390
86$58,175,324$1,709,951$0$52,730,650
87$63,931,183$1,615,714$0$57,922,967
88$70,268,532$1,511,252$0$63,639,775
89$77,246,505$1,395,886$0$69,934,448
90$84,930,266$1,268,902$0$76,865,801
91$93,391,615$1,129,540$0$84,498,646
92$102,709,674$977,001$0$92,904,403
93$112,971,626$810,440$0$102,161,775
94$124,273,542$628,962$0$112,357,493
95$136,721,287$431,625$0$123,587,128
96$150,431,514$217,431$0$135,956,002
97$165,532,772$0$0$149,580,175
98$182,166,711$0$0$164,588,998
99$200,489,424$0$0$181,145,374
100$220,672,917$0$0$199,383,202