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

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$132,127$130,950$129,801$128,681$127,586$126,729
2 years$65,409$64,191$63,010$61,866$60,755$59,891
3 years$43,173$41,950$40,772$39,638$38,546$37,701
4 years$32,057$30,837$29,671$28,557$27,491$26,672
5 years$25,389$24,177$23,026$21,934$20,898$20,108
6 years$20,945$19,742$18,609$17,541$16,536$15,775
7 years$17,773$16,579$15,464$14,422$13,448$12,717
8 years$15,394$14,212$13,115$12,098$11,157$10,455
9 years$13,545$12,374$11,296$10,305$9,396$8,723
10 years$12,067$10,907$9,848$8,883$8,005$7,362
11 years$10,858$9,710$8,670$7,731$6,885$6,271
12 years$9,851$8,715$7,694$6,781$5,966$5,380
13 years$9,000$7,876$6,874$5,986$5,203$4,644
14 years$8,271$7,159$6,177$5,314$4,561$4,029
15 years$7,640$6,540$5,577$4,739$4,016$3,511
16 years$7,089$6,000$5,056$4,243$3,549$3,069
17 years$6,602$5,526$4,601$3,813$3,147$2,692
18 years$6,171$5,106$4,200$3,436$2,798$2,367
19 years$5,785$4,732$3,845$3,105$2,494$2,086
20 years$5,438$4,398$3,529$2,812$2,228$1,842
21 years$5,124$4,096$3,246$2,552$1,993$1,629
22 years$4,840$3,824$2,991$2,320$1,787$1,443
23 years$4,581$3,576$2,762$2,113$1,604$1,280
24 years$4,343$3,351$2,554$1,927$1,442$1,137
25 years$4,125$3,144$2,366$1,760$1,297$1,011
26 years$3,924$2,955$2,194$1,609$1,169$899
27 years$3,738$2,781$2,038$1,473$1,054$801
28 years$3,566$2,621$1,894$1,350$951$713
29 years$3,406$2,472$1,763$1,238$858$636
30 years$3,257$2,335$1,642$1,136$776$567
31 years$3,118$2,207$1,531$1,043$701$506
32 years$2,987$2,088$1,428$959$634$452
33 years$2,865$1,978$1,333$882$574$404
34 years$2,751$1,875$1,246$811$520$361
35 years$2,643$1,778$1,165$747$471$322
36 years$2,541$1,688$1,090$688$427$288
37 years$2,445$1,603$1,020$634$387$258
38 years$2,355$1,523$955$584$350$231
39 years$2,269$1,448$895$539$318$206
40 years$2,187$1,378$839$497$288$185
41 years$2,110$1,312$786$458$262$165
42 years$2,037$1,249$738$423$237$148
43 years$1,967$1,190$692$390$215$132
44 years$1,901$1,135$650$361$195$118
45 years$1,838$1,082$610$333$177$106
46 years$1,778$1,032$573$308$161$95
47 years$1,720$985$538$284$146$85
48 years$1,665$940$506$263$133$76
49 years$1,612$898$476$243$121$68
50 years$1,562$858$447$224$110$61

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 $3,407 every year, while hoping to spend $43,705 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: 39/46/15 Blend
44$1,600,000$1,600,000$1,600,000$1,600,000
45$1,766,714$1,681,914$1,657,114$1,827,547
46$1,900,417$1,717,826$1,666,126$1,907,104
47$2,046,293$1,754,033$1,673,974$1,988,585
48$2,205,538$1,790,503$1,680,575$2,075,749
49$2,379,467$1,827,202$1,685,838$2,169,129
50$2,569,528$1,864,091$1,689,670$2,269,317
51$2,777,318$1,901,130$1,691,972$2,376,962
52$3,004,592$1,938,272$1,692,641$2,492,781
53$3,253,284$1,975,471$1,691,567$2,617,566
54$3,525,522$2,012,672$1,688,638$2,752,188
55$3,823,651$2,049,819$1,683,733$2,897,609
56$4,150,253$2,086,849$1,676,728$3,054,889
57$4,508,170$2,123,697$1,667,490$3,225,198
58$4,900,535$2,160,290$1,655,882$3,409,825
59$5,330,796$2,196,550$1,641,761$3,610,194
60$5,802,752$2,232,395$1,624,974$3,827,873
61$6,320,585$2,267,736$1,605,363$4,064,593
62$6,888,906$2,302,475$1,582,764$4,322,262
63$7,512,788$2,336,511$1,557,001$4,602,986
64$8,197,826$2,369,733$1,527,893$4,909,087
65$8,950,177$2,402,022$1,495,250$5,243,125
66$9,776,627$2,433,254$1,458,873$5,607,926
67$10,684,651$2,463,291$1,418,554$6,006,604
68$11,682,485$2,491,992$1,374,074$6,442,596
69$12,779,199$2,519,200$1,325,207$6,919,690
70$13,984,789$2,544,753$1,271,713$7,442,067
71$15,310,265$2,568,474$1,213,343$8,014,336
72$16,767,760$2,590,176$1,149,838$8,641,579
73$18,370,638$2,609,662$1,080,924$9,329,404
74$20,133,626$2,626,718$1,006,318$10,083,994
75$22,072,948$2,641,119$925,721$10,912,165
76$24,206,479$2,652,625$838,824$11,821,437
77$26,553,917$2,660,980$745,302$12,820,103
78$29,136,963$2,665,914$644,815$13,917,305
79$31,979,527$2,667,138$537,010$15,123,127
80$35,107,956$2,664,346$421,518$16,448,686
81$38,551,281$2,657,212$297,952$17,906,243
82$42,341,488$2,645,391$165,909$19,509,316
83$46,513,821$2,628,517$24,969$21,272,812
84$51,107,119$2,606,202$0$23,213,165
85$56,164,172$2,578,033$0$25,368,575
86$61,732,135$2,543,574$0$27,744,516
87$67,862,966$2,502,362$0$30,359,094
88$74,613,917$2,453,907$0$33,236,678
89$82,048,077$2,397,688$0$36,404,131
90$90,234,962$2,333,156$0$39,891,064
91$99,251,176$2,259,729$0$43,730,118
92$109,181,129$2,176,789$0$47,957,273
93$120,117,837$2,083,685$0$52,612,190
94$132,163,797$1,979,726$0$57,738,586
95$145,431,954$1,864,182$0$63,384,651
96$160,046,768$1,736,281$0$69,603,501
97$176,145,386$1,595,207$0$76,453,686
98$193,878,940$1,440,096$0$83,999,741
99$213,413,968$1,270,037$0$92,312,801
100$234,933,989$1,084,065$0$101,471,272