Can I retire at age 45 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$132,127$130,950$129,801$128,681$127,586$123,850
2 years$65,409$64,191$63,010$61,866$60,755$57,021
3 years$43,173$41,950$40,772$39,638$38,546$34,931
4 years$32,057$30,837$29,671$28,557$27,491$24,023
5 years$25,389$24,177$23,026$21,934$20,898$17,587
6 years$20,945$19,742$18,609$17,541$16,536$13,384
7 years$17,773$16,579$15,464$14,422$13,448$10,456
8 years$15,394$14,212$13,115$12,098$11,157$8,322
9 years$13,545$12,374$11,296$10,305$9,396$6,716
10 years$12,067$10,907$9,848$8,883$8,005$5,477
11 years$10,858$9,710$8,670$7,731$6,885$4,503
12 years$9,851$8,715$7,694$6,781$5,966$3,727
13 years$9,000$7,876$6,874$5,986$5,203$3,100
14 years$8,271$7,159$6,177$5,314$4,561$2,590
15 years$7,640$6,540$5,577$4,739$4,016$2,171
16 years$7,089$6,000$5,056$4,243$3,549$1,825
17 years$6,602$5,526$4,601$3,813$3,147$1,538
18 years$6,171$5,106$4,200$3,436$2,798$1,298
19 years$5,785$4,732$3,845$3,105$2,494$1,098
20 years$5,438$4,398$3,529$2,812$2,228$930
21 years$5,124$4,096$3,246$2,552$1,993$788
22 years$4,840$3,824$2,991$2,320$1,787$669
23 years$4,581$3,576$2,762$2,113$1,604$568
24 years$4,343$3,351$2,554$1,927$1,442$483
25 years$4,125$3,144$2,366$1,760$1,297$411
26 years$3,924$2,955$2,194$1,609$1,169$349
27 years$3,738$2,781$2,038$1,473$1,054$297
28 years$3,566$2,621$1,894$1,350$951$253
29 years$3,406$2,472$1,763$1,238$858$216
30 years$3,257$2,335$1,642$1,136$776$184
31 years$3,118$2,207$1,531$1,043$701$157
32 years$2,987$2,088$1,428$959$634$133
33 years$2,865$1,978$1,333$882$574$114
34 years$2,751$1,875$1,246$811$520$97
35 years$2,643$1,778$1,165$747$471$83
36 years$2,541$1,688$1,090$688$427$71
37 years$2,445$1,603$1,020$634$387$60
38 years$2,355$1,523$955$584$350$51
39 years$2,269$1,448$895$539$318$44
40 years$2,187$1,378$839$497$288$37
41 years$2,110$1,312$786$458$262$32
42 years$2,037$1,249$738$423$237$27
43 years$1,967$1,190$692$390$215$23
44 years$1,901$1,135$650$361$195$20
45 years$1,838$1,082$610$333$177$17
46 years$1,778$1,032$573$308$161$14
47 years$1,720$985$538$284$146$12
48 years$1,665$940$506$263$133$10
49 years$1,612$898$476$243$121$9
50 years$1,562$858$447$224$110$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,600,000, adding $4,875 every year, while hoping to spend $53,622 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: 54/31/15 Blend
44$1,600,000$1,600,000$1,600,000$1,600,000
45$1,768,229$1,683,429$1,658,629$1,856,422
46$1,891,534$1,708,863$1,657,139$1,942,513
47$2,025,620$1,733,747$1,653,803$2,030,015
48$2,171,529$1,757,996$1,648,501$2,124,046
49$2,330,409$1,781,521$1,641,109$2,225,240
50$2,503,521$1,804,227$1,631,497$2,334,298
51$2,692,257$1,826,011$1,619,529$2,451,993
52$2,898,145$1,846,763$1,605,061$2,579,176
53$3,122,869$1,866,367$1,587,944$2,716,789
54$3,368,282$1,884,699$1,568,020$2,865,870
55$3,636,424$1,901,627$1,545,125$3,027,565
56$3,929,540$1,917,007$1,519,088$3,203,137
57$4,250,103$1,930,691$1,489,728$3,393,980
58$4,600,836$1,942,517$1,456,856$3,601,635
59$4,984,737$1,952,316$1,420,276$3,827,798
60$5,405,105$1,959,905$1,379,781$4,074,343
61$5,865,577$1,965,091$1,335,154$4,343,338
62$6,370,155$1,967,670$1,286,171$4,637,063
63$6,923,248$1,967,423$1,232,595$4,958,034
64$7,529,712$1,964,119$1,174,180$5,309,028
65$8,194,894$1,957,513$1,110,667$5,693,106
66$8,924,686$1,947,343$1,041,786$6,113,649
67$9,725,574$1,933,333$967,256$6,574,384
68$10,604,706$1,915,190$886,782$7,079,421
69$11,569,953$1,892,602$800,057$7,633,299
70$12,629,988$1,865,239$706,759$8,241,019
71$13,794,364$1,832,753$606,552$8,908,102
72$15,073,604$1,794,772$499,086$9,640,635
73$16,479,301$1,750,905$383,995$10,445,333
74$18,024,227$1,700,737$260,896$11,329,602
75$19,722,452$1,643,827$129,391$12,301,612
76$21,589,479$1,579,712$0$13,370,370
77$23,642,385$1,507,897$0$14,547,566
78$25,899,988$1,427,863$0$15,864,620
79$28,383,018$1,339,060$0$17,312,956
80$31,114,315$1,240,903$0$18,905,979
81$34,119,046$1,132,778$0$20,658,461
82$37,424,938$1,014,034$0$22,586,693
83$41,062,543$883,982$0$24,708,630
84$45,065,521$741,896$0$27,044,066
85$49,470,963$587,008$0$29,614,822
86$54,319,736$418,506$0$32,444,955
87$59,656,870$235,534$0$35,560,980
88$65,531,982$37,186$0$38,992,130
89$71,999,744$0$0$42,770,627
90$79,120,397$0$0$46,992,539
91$86,960,323$0$0$51,655,074
92$95,592,666$0$0$56,789,070
93$105,098,022$0$0$62,442,487
94$115,565,204$0$0$68,668,171
95$127,092,075$0$0$75,524,357
96$139,786,473$0$0$83,075,213
97$153,767,225$0$0$91,391,448
98$169,165,274$0$0$100,550,980
99$186,124,909$0$0$110,639,669
100$204,805,127$0$0$121,752,127