Can I retire at age 45 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$131,301$130,131$128,990$127,876$126,789$122,977
2 years$65,000$63,790$62,617$61,479$60,376$56,567
3 years$42,903$41,687$40,517$39,390$38,305$34,619
4 years$31,857$30,645$29,486$28,378$27,319$23,785
5 years$25,231$24,026$22,882$21,797$20,768$17,394
6 years$20,815$19,619$18,492$17,432$16,433$13,223
7 years$17,662$16,476$15,367$14,331$13,364$10,318
8 years$15,298$14,123$13,033$12,022$11,087$8,203
9 years$13,460$12,296$11,225$10,240$9,337$6,611
10 years$11,991$10,839$9,786$8,827$7,955$5,385
11 years$10,790$9,649$8,616$7,682$6,842$4,422
12 years$9,790$8,661$7,646$6,738$5,929$3,655
13 years$8,944$7,827$6,831$5,949$5,170$3,036
14 years$8,220$7,114$6,138$5,281$4,532$2,533
15 years$7,593$6,499$5,542$4,710$3,991$2,120
16 years$7,044$5,963$5,024$4,217$3,527$1,780
17 years$6,561$5,491$4,572$3,789$3,127$1,498
18 years$6,132$5,074$4,174$3,415$2,781$1,263
19 years$5,749$4,703$3,821$3,085$2,478$1,066
20 years$5,404$4,370$3,507$2,794$2,214$901
21 years$5,092$4,071$3,225$2,536$1,981$763
22 years$4,810$3,800$2,973$2,306$1,776$647
23 years$4,552$3,554$2,745$2,100$1,594$548
24 years$4,316$3,330$2,538$1,915$1,433$465
25 years$4,099$3,125$2,351$1,749$1,289$395
26 years$3,900$2,937$2,180$1,599$1,161$336
27 years$3,715$2,764$2,025$1,464$1,047$285
28 years$3,544$2,604$1,882$1,341$945$242
29 years$3,385$2,457$1,752$1,230$853$206
30 years$3,237$2,320$1,632$1,129$771$175
31 years$3,098$2,193$1,521$1,037$697$149
32 years$2,969$2,075$1,419$953$630$127
33 years$2,847$1,965$1,325$876$570$108
34 years$2,734$1,863$1,238$806$517$92
35 years$2,626$1,767$1,158$742$468$78
36 years$2,525$1,677$1,083$683$424$67
37 years$2,430$1,593$1,014$630$384$57
38 years$2,340$1,514$949$580$348$48
39 years$2,255$1,439$889$535$316$41
40 years$2,174$1,369$833$494$286$35
41 years$2,097$1,304$782$455$260$30
42 years$2,024$1,241$733$420$236$25
43 years$1,955$1,183$688$388$214$22
44 years$1,889$1,128$646$358$194$18
45 years$1,826$1,075$606$331$176$16
46 years$1,766$1,026$569$306$160$13
47 years$1,709$979$535$282$145$11
48 years$1,655$934$503$261$132$10
49 years$1,602$892$473$241$120$8
50 years$1,552$852$444$223$109$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,590,000, adding $6,886 every year, while hoping to spend $49,136 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: 68/20/12 Blend
44$1,590,000$1,590,000$1,590,000$1,590,000
45$1,759,283$1,675,013$1,650,368$1,873,842
46$1,886,449$1,704,808$1,653,375$1,980,699
47$2,024,940$1,734,417$1,654,836$2,091,008
48$2,175,858$1,763,777$1,654,647$2,210,378
49$2,340,418$1,792,824$1,652,700$2,339,690
50$2,519,955$1,821,487$1,648,880$2,479,918
51$2,715,940$1,849,690$1,643,067$2,632,133
52$2,929,993$1,877,352$1,635,137$2,797,516
53$3,163,896$1,904,386$1,624,958$2,977,368
54$3,419,611$1,930,698$1,612,391$3,173,122
55$3,699,298$1,956,189$1,597,293$3,386,359
56$4,005,336$1,980,752$1,579,512$3,618,821
57$4,340,344$2,004,273$1,558,889$3,872,427
58$4,707,207$2,026,630$1,535,260$4,149,292
59$5,109,100$2,047,693$1,508,449$4,451,748
60$5,549,522$2,067,324$1,478,276$4,782,364
61$6,032,325$2,085,374$1,444,550$5,143,972
62$6,561,751$2,101,686$1,407,071$5,539,695
63$7,142,474$2,116,093$1,365,632$5,972,974
64$7,779,640$2,128,416$1,320,015$6,447,601
65$8,478,920$2,138,464$1,269,992$6,967,757
66$9,246,557$2,146,036$1,215,324$7,538,049
67$10,089,431$2,150,917$1,155,762$8,163,557
68$11,015,119$2,152,879$1,091,047$8,849,879
69$12,031,970$2,151,678$1,020,905$9,603,186
70$13,149,178$2,147,058$945,053$10,430,281
71$14,376,875$2,138,744$863,193$11,338,660
72$15,726,222$2,126,448$775,015$12,336,587
73$17,209,513$2,109,860$680,195$13,433,174
74$18,840,295$2,088,655$578,393$14,638,459
75$20,633,492$2,062,487$469,256$15,963,510
76$22,605,548$2,030,988$352,416$17,420,527
77$24,774,577$1,993,770$227,485$19,022,956
78$27,160,540$1,950,421$94,062$20,785,618
79$29,785,429$1,900,505$0$22,724,849
80$32,673,473$1,843,560$0$24,864,844
81$35,851,371$1,779,098$0$27,232,516
82$39,348,538$1,706,601$0$29,837,744
83$43,197,386$1,625,522$0$32,704,701
84$47,433,629$1,535,282$0$35,860,028
85$52,096,617$1,435,269$0$39,333,084
86$57,229,710$1,324,835$0$43,156,223
87$62,880,684$1,203,295$0$47,365,106
88$69,102,184$1,069,927$0$51,999,029
89$75,952,219$923,966$0$57,101,301
90$83,494,709$764,603$0$62,719,651
91$91,800,086$590,985$0$68,906,680
92$100,945,962$402,211$0$75,720,358
93$111,017,859$197,329$0$83,224,570
94$122,110,015$0$0$91,489,725
95$134,326,274$0$0$100,598,843
96$147,781,063$0$0$110,679,437
97$162,600,477$0$0$121,782,567
98$178,923,462$0$0$134,012,352
99$196,903,130$0$0$147,483,525
100$216,708,203$0$0$162,322,518