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%16.5%
1 years$132,127$130,950$129,801$128,681$127,586$124,200
2 years$65,409$64,191$63,010$61,866$60,755$57,367
3 years$43,173$41,950$40,772$39,638$38,546$35,262
4 years$32,057$30,837$29,671$28,557$27,491$24,337
5 years$25,389$24,177$23,026$21,934$20,898$17,882
6 years$20,945$19,742$18,609$17,541$16,536$13,661
7 years$17,773$16,579$15,464$14,422$13,448$10,715
8 years$15,394$14,212$13,115$12,098$11,157$8,563
9 years$13,545$12,374$11,296$10,305$9,396$6,940
10 years$12,067$10,907$9,848$8,883$8,005$5,684
11 years$10,858$9,710$8,670$7,731$6,885$4,695
12 years$9,851$8,715$7,694$6,781$5,966$3,903
13 years$9,000$7,876$6,874$5,986$5,203$3,262
14 years$8,271$7,159$6,177$5,314$4,561$2,739
15 years$7,640$6,540$5,577$4,739$4,016$2,307
16 years$7,089$6,000$5,056$4,243$3,549$1,949
17 years$6,602$5,526$4,601$3,813$3,147$1,651
18 years$6,171$5,106$4,200$3,436$2,798$1,401
19 years$5,785$4,732$3,845$3,105$2,494$1,191
20 years$5,438$4,398$3,529$2,812$2,228$1,014
21 years$5,124$4,096$3,246$2,552$1,993$864
22 years$4,840$3,824$2,991$2,320$1,787$738
23 years$4,581$3,576$2,762$2,113$1,604$630
24 years$4,343$3,351$2,554$1,927$1,442$538
25 years$4,125$3,144$2,366$1,760$1,297$460
26 years$3,924$2,955$2,194$1,609$1,169$394
27 years$3,738$2,781$2,038$1,473$1,054$337
28 years$3,566$2,621$1,894$1,350$951$289
29 years$3,406$2,472$1,763$1,238$858$247
30 years$3,257$2,335$1,642$1,136$776$212
31 years$3,118$2,207$1,531$1,043$701$182
32 years$2,987$2,088$1,428$959$634$156
33 years$2,865$1,978$1,333$882$574$134
34 years$2,751$1,875$1,246$811$520$115
35 years$2,643$1,778$1,165$747$471$98
36 years$2,541$1,688$1,090$688$427$84
37 years$2,445$1,603$1,020$634$387$72
38 years$2,355$1,523$955$584$350$62
39 years$2,269$1,448$895$539$318$53
40 years$2,187$1,378$839$497$288$46
41 years$2,110$1,312$786$458$262$39
42 years$2,037$1,249$738$423$237$34
43 years$1,967$1,190$692$390$215$29
44 years$1,901$1,135$650$361$195$25
45 years$1,838$1,082$610$333$177$21
46 years$1,778$1,032$573$308$161$18
47 years$1,720$985$538$284$146$16
48 years$1,665$940$506$263$133$13
49 years$1,612$898$476$243$121$12
50 years$1,562$858$447$224$110$10

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 $2,688 every year, while hoping to spend $53,802 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: 56/30/14 Blend
44$1,600,000$1,600,000$1,600,000$1,600,000
45$1,765,973$1,681,173$1,656,373$1,858,331
46$1,888,857$1,706,305$1,654,616$1,946,412
47$2,022,472$1,730,866$1,650,998$2,036,212
48$2,167,856$1,754,770$1,645,398$2,132,786
49$2,326,151$1,777,927$1,637,692$2,236,793
50$2,498,612$1,800,240$1,627,749$2,348,957
51$2,686,624$1,821,605$1,615,431$2,470,079
52$2,891,707$1,841,910$1,600,596$2,601,045
53$3,115,536$1,861,039$1,583,091$2,742,828
54$3,359,955$1,878,865$1,562,759$2,896,503
55$3,626,994$1,895,253$1,539,435$3,063,258
56$3,918,887$1,910,060$1,512,946$3,244,400
57$4,238,095$1,923,134$1,483,111$3,441,375
58$4,587,325$1,934,312$1,449,739$3,655,776
59$4,969,561$1,943,422$1,412,634$3,889,359
60$5,388,086$1,950,279$1,371,587$4,144,065
61$5,846,517$1,954,689$1,326,381$4,422,031
62$6,348,836$1,956,443$1,276,790$4,725,619
63$6,899,430$1,955,322$1,222,575$5,057,431
64$7,503,130$1,951,091$1,163,489$5,420,339
65$8,165,256$1,943,501$1,099,273$5,817,511
66$8,891,668$1,932,288$1,029,654$6,252,442
67$9,688,821$1,917,173$954,351$6,728,985
68$10,563,825$1,897,859$873,066$7,251,393
69$11,524,512$1,874,031$785,490$7,824,355
70$12,579,509$1,845,355$691,301$8,453,044
71$13,738,320$1,811,479$590,160$9,143,165
72$15,011,414$1,772,027$481,716$9,901,010
73$16,410,325$1,726,603$365,601$10,733,519
74$17,947,759$1,674,787$241,429$11,648,346
75$19,637,714$1,616,135$108,801$12,653,932
76$21,495,612$1,550,177$0$13,759,586
77$23,538,443$1,476,415$0$14,980,464
78$25,784,927$1,394,322$0$16,340,658
79$28,255,687$1,303,341$0$17,836,450
80$30,973,447$1,202,885$0$19,481,678
81$33,963,243$1,092,330$0$21,291,596
82$37,252,658$971,019$0$23,283,020
83$40,872,087$838,256$0$25,474,486
84$44,855,016$693,307$0$27,886,428
85$49,238,344$535,396$0$30,541,374
86$54,062,728$363,703$0$33,464,153
87$59,372,964$177,362$0$36,682,140
88$65,218,413$0$0$40,225,506
89$71,653,464$0$0$44,135,614
90$78,738,048$0$0$48,505,032
91$86,538,201$0$0$53,315,960
92$95,126,689$0$0$58,613,301
93$104,583,693$0$0$64,446,531
94$114,997,565$0$0$70,870,174
95$126,465,662$0$0$77,944,307
96$139,095,262$0$0$85,735,130
97$153,004,579$0$0$94,315,593
98$168,323,878$0$0$103,766,080
99$185,196,699$0$0$114,175,172
100$203,781,217$0$0$125,640,478