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%14.7%
1 years$130,475$129,313$128,179$127,072$125,991$123,549
2 years$64,592$63,389$62,223$61,092$59,996$57,545
3 years$42,633$41,425$40,262$39,142$38,064$35,681
4 years$31,656$30,452$29,301$28,200$27,147$24,851
5 years$25,072$23,875$22,738$21,660$20,637$18,433
6 years$20,684$19,495$18,376$17,322$16,329$14,221
7 years$17,550$16,372$15,271$14,241$13,280$11,268
8 years$15,202$14,034$12,951$11,947$11,017$9,100
9 years$13,376$12,219$11,154$10,176$9,278$7,455
10 years$11,916$10,771$9,725$8,772$7,905$6,175
11 years$10,722$9,588$8,561$7,634$6,799$5,159
12 years$9,728$8,606$7,598$6,696$5,892$4,340
13 years$8,888$7,777$6,788$5,912$5,138$3,671
14 years$8,168$7,069$6,099$5,248$4,504$3,120
15 years$7,545$6,458$5,507$4,680$3,965$2,661
16 years$7,000$5,925$4,993$4,190$3,505$2,277
17 years$6,520$5,457$4,543$3,765$3,107$1,954
18 years$6,093$5,042$4,147$3,393$2,763$1,681
19 years$5,712$4,673$3,797$3,066$2,463$1,448
20 years$5,370$4,343$3,484$2,777$2,200$1,250
21 years$5,060$4,045$3,205$2,520$1,969$1,080
22 years$4,779$3,776$2,954$2,291$1,765$934
23 years$4,523$3,531$2,727$2,087$1,584$809
24 years$4,289$3,309$2,522$1,903$1,424$702
25 years$4,073$3,105$2,336$1,738$1,281$609
26 years$3,875$2,918$2,167$1,589$1,154$528
27 years$3,692$2,746$2,012$1,455$1,040$459
28 years$3,521$2,588$1,870$1,333$939$399
29 years$3,363$2,441$1,741$1,222$848$347
30 years$3,216$2,306$1,621$1,122$766$302
31 years$3,079$2,180$1,512$1,030$692$262
32 years$2,950$2,062$1,410$947$626$228
33 years$2,830$1,953$1,317$871$567$199
34 years$2,716$1,851$1,230$801$513$173
35 years$2,610$1,756$1,150$737$465$151
36 years$2,509$1,666$1,076$679$421$131
37 years$2,415$1,583$1,007$626$382$114
38 years$2,325$1,504$943$577$346$100
39 years$2,240$1,430$884$532$314$87
40 years$2,160$1,361$828$491$285$76
41 years$2,084$1,295$777$453$258$66
42 years$2,012$1,234$728$418$234$57
43 years$1,943$1,175$684$386$213$50
44 years$1,877$1,120$642$356$193$44
45 years$1,815$1,068$603$329$175$38
46 years$1,755$1,019$566$304$159$33
47 years$1,699$973$532$281$144$29
48 years$1,644$929$500$259$131$25
49 years$1,592$887$470$240$119$22
50 years$1,543$847$441$221$108$19

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 $2,590 every year, while hoping to spend $54,019 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: 61/20/19 Blend
44$1,580,000$1,580,000$1,580,000$1,580,000
45$1,743,832$1,660,092$1,635,602$1,841,491
46$1,864,227$1,683,960$1,632,918$1,931,619
47$1,995,091$1,707,188$1,628,335$2,023,704
48$2,137,437$1,729,686$1,621,730$2,122,961
49$2,292,375$1,751,361$1,612,978$2,230,093
50$2,461,131$1,772,110$1,601,946$2,345,876
51$2,645,049$1,791,827$1,588,494$2,471,166
52$2,845,613$1,810,396$1,572,478$2,606,905
53$3,064,454$1,827,693$1,553,744$2,754,136
54$3,303,367$1,843,589$1,532,133$2,914,006
55$3,564,329$1,857,943$1,507,478$3,087,781
56$3,849,515$1,870,608$1,479,604$3,276,861
57$4,161,322$1,881,424$1,448,327$3,482,784
58$4,502,387$1,890,223$1,413,455$3,707,253
59$4,875,613$1,896,827$1,374,789$3,952,142
60$5,284,199$1,901,045$1,332,118$4,219,519
61$5,731,666$1,902,674$1,285,222$4,511,668
62$6,221,891$1,901,501$1,233,872$4,831,104
63$6,759,146$1,897,296$1,177,829$5,180,603
64$7,348,133$1,889,818$1,116,840$5,563,227
65$7,994,033$1,878,809$1,050,645$5,982,354
66$8,702,551$1,863,998$978,968$6,441,708
67$9,479,971$1,845,094$901,524$6,945,395
68$10,333,215$1,821,791$818,012$7,497,948
69$11,269,909$1,793,764$728,121$8,104,361
70$12,298,450$1,760,669$631,524$8,770,146
71$13,428,092$1,722,142$527,880$9,501,377
72$14,669,026$1,677,795$416,832$10,304,756
73$16,032,480$1,627,220$298,009$11,187,671
74$17,530,823$1,569,985$171,023$12,158,272
75$19,177,683$1,505,630$35,469$13,225,543
76$20,988,073$1,433,672$0$14,399,391
77$22,978,531$1,353,597$0$15,712,877
78$25,167,281$1,264,863$0$17,165,024
79$27,574,399$1,166,896$0$18,762,007
80$30,222,005$1,059,091$0$20,518,569
81$33,134,469$940,807$0$22,450,957
82$36,338,645$811,366$0$24,577,078
83$39,864,117$670,053$0$26,916,671
84$43,743,483$516,112$0$29,491,489
85$48,012,661$348,744$0$32,325,508
86$52,711,226$167,107$0$35,445,154
87$57,882,786$0$0$38,879,553
88$63,575,387$0$0$42,667,340
89$69,841,974$0$0$46,877,682
90$76,740,881$0$0$51,513,014
91$84,336,391$0$0$56,616,544
92$92,699,333$0$0$62,235,885
93$101,907,755$0$0$68,423,499
94$112,047,658$0$0$75,237,195
95$123,213,809$0$0$82,740,675
96$135,510,632$0$0$91,004,133
97$149,053,194$0$0$100,104,916
98$163,968,293$0$0$110,128,258
99$180,395,650$0$0$121,168,079
100$198,489,229$0$0$133,327,874