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

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$131,301$130,131$128,990$127,876$126,789$123,026
2 years$65,000$63,790$62,617$61,479$60,376$56,616
3 years$42,903$41,687$40,517$39,390$38,305$34,666
4 years$31,857$30,645$29,486$28,378$27,319$23,829
5 years$25,231$24,026$22,882$21,797$20,768$17,435
6 years$20,815$19,619$18,492$17,432$16,433$13,262
7 years$17,662$16,476$15,367$14,331$13,364$10,354
8 years$15,298$14,123$13,033$12,022$11,087$8,236
9 years$13,460$12,296$11,225$10,240$9,337$6,642
10 years$11,991$10,839$9,786$8,827$7,955$5,414
11 years$10,790$9,649$8,616$7,682$6,842$4,448
12 years$9,790$8,661$7,646$6,738$5,929$3,679
13 years$8,944$7,827$6,831$5,949$5,170$3,058
14 years$8,220$7,114$6,138$5,281$4,532$2,553
15 years$7,593$6,499$5,542$4,710$3,991$2,139
16 years$7,044$5,963$5,024$4,217$3,527$1,797
17 years$6,561$5,491$4,572$3,789$3,127$1,513
18 years$6,132$5,074$4,174$3,415$2,781$1,276
19 years$5,749$4,703$3,821$3,085$2,478$1,079
20 years$5,404$4,370$3,507$2,794$2,214$913
21 years$5,092$4,071$3,225$2,536$1,981$773
22 years$4,810$3,800$2,973$2,306$1,776$656
23 years$4,552$3,554$2,745$2,100$1,594$556
24 years$4,316$3,330$2,538$1,915$1,433$473
25 years$4,099$3,125$2,351$1,749$1,289$402
26 years$3,900$2,937$2,180$1,599$1,161$341
27 years$3,715$2,764$2,025$1,464$1,047$290
28 years$3,544$2,604$1,882$1,341$945$247
29 years$3,385$2,457$1,752$1,230$853$210
30 years$3,237$2,320$1,632$1,129$771$179
31 years$3,098$2,193$1,521$1,037$697$152
32 years$2,969$2,075$1,419$953$630$130
33 years$2,847$1,965$1,325$876$570$111
34 years$2,734$1,863$1,238$806$517$94
35 years$2,626$1,767$1,158$742$468$80
36 years$2,525$1,677$1,083$683$424$68
37 years$2,430$1,593$1,014$630$384$58
38 years$2,340$1,514$949$580$348$50
39 years$2,255$1,439$889$535$316$42
40 years$2,174$1,369$833$494$286$36
41 years$2,097$1,304$782$455$260$31
42 years$2,024$1,241$733$420$236$26
43 years$1,955$1,183$688$388$214$22
44 years$1,889$1,128$646$358$194$19
45 years$1,826$1,075$606$331$176$16
46 years$1,766$1,026$569$306$160$14
47 years$1,709$979$535$282$145$12
48 years$1,655$934$503$261$132$10
49 years$1,602$892$473$241$120$9
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 $3,427 every year, while hoping to spend $28,196 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: 77/6/17 Blend
44$1,590,000$1,590,000$1,590,000$1,590,000
45$1,755,715$1,671,445$1,646,800$1,884,021
46$1,904,798$1,723,345$1,671,967$2,021,136
47$2,068,142$1,776,844$1,697,033$2,167,593
48$2,247,172$1,831,989$1,721,963$2,327,444
49$2,443,458$1,888,831$1,746,724$2,502,016
50$2,658,728$1,947,421$1,771,276$2,692,773
51$2,894,885$2,007,812$1,795,581$2,901,326
52$3,154,028$2,070,059$1,819,597$3,129,452
53$3,438,464$2,134,217$1,843,279$3,379,106
54$3,750,739$2,200,345$1,866,581$3,652,442
55$4,093,655$2,268,503$1,889,451$3,951,834
56$4,470,298$2,338,750$1,911,839$4,279,895
57$4,884,071$2,411,152$1,933,688$4,639,506
58$5,338,720$2,485,771$1,954,940$5,033,839
59$5,838,371$2,562,676$1,975,532$5,466,391
60$6,387,573$2,641,935$1,995,401$5,941,014
61$6,991,334$2,723,619$2,014,476$6,461,949
62$7,655,175$2,807,800$2,032,685$7,033,873
63$8,385,174$2,894,555$2,049,952$7,661,936
64$9,188,033$2,983,959$2,066,196$8,351,815
65$10,071,132$3,076,092$2,081,333$9,109,762
66$11,042,603$3,171,037$2,095,273$9,942,668
67$12,111,407$3,268,876$2,107,924$10,858,125
68$13,287,417$3,369,697$2,119,185$11,864,498
69$14,581,510$3,473,589$2,128,955$12,971,006
70$16,005,672$3,580,642$2,137,122$14,187,806
71$17,573,109$3,690,953$2,143,575$15,526,089
72$19,298,373$3,804,616$2,148,191$16,998,188
73$21,197,497$3,921,732$2,150,846$18,617,693
74$23,288,149$4,042,404$2,151,406$20,399,578
75$25,589,795$4,166,737$2,149,733$22,360,345
76$28,123,886$4,294,838$2,145,681$24,518,176
77$30,914,058$4,426,821$2,139,097$26,893,108
78$33,986,356$4,562,800$2,129,820$29,507,219
79$37,369,479$4,702,891$2,117,684$32,384,842
80$41,095,050$4,847,218$2,102,511$35,552,786
81$45,197,918$4,995,904$2,084,117$39,040,596
82$49,716,479$5,149,077$2,062,309$42,880,829
83$54,693,048$5,306,870$2,036,885$47,109,363
84$60,174,250$5,469,417$2,007,631$51,765,732
85$66,211,463$5,636,858$1,974,327$56,893,504
86$72,861,305$5,809,336$1,936,739$62,540,689
87$80,186,162$5,986,999$1,894,624$68,760,191
88$88,254,785$6,169,996$1,847,728$75,610,313
89$97,142,931$6,358,484$1,795,785$83,155,301
90$106,934,082$6,552,621$1,738,516$91,465,953
91$117,720,231$6,752,573$1,675,629$100,620,291
92$129,602,752$6,958,506$1,606,820$110,704,290
93$142,693,355$7,170,594$1,531,770$121,812,696
94$157,115,139$7,389,016$1,450,146$134,049,917
95$173,003,758$7,613,952$1,361,601$147,531,011
96$190,508,696$7,845,590$1,265,769$162,382,770
97$209,794,683$8,084,124$1,162,272$178,744,919
98$231,043,244$8,329,750$1,050,712$196,771,433
99$254,454,418$8,582,670$930,674$216,631,992
100$280,248,641$8,843,094$801,724$238,513,584