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 $4,522 every year, while hoping to spend $23,155 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: 53/37/10 Blend
44$1,600,000$1,600,000$1,600,000$1,600,000
45$1,767,864$1,683,064$1,658,264$1,856,816
46$1,923,550$1,740,898$1,689,180$1,975,601
47$2,094,339$1,800,789$1,720,354$2,101,878
48$2,281,748$1,862,814$1,751,773$2,238,718
49$2,487,448$1,927,053$1,783,418$2,387,125
50$2,713,277$1,993,588$1,815,272$2,548,203
51$2,961,262$2,062,505$1,847,314$2,723,168
52$3,233,635$2,133,892$1,879,524$2,913,355
53$3,532,855$2,207,842$1,911,877$3,120,234
54$3,861,632$2,284,452$1,944,351$3,345,423
55$4,222,949$2,363,821$1,976,917$3,590,700
56$4,620,095$2,446,053$2,009,549$3,858,024
57$5,056,691$2,531,256$2,042,216$4,149,548
58$5,536,729$2,619,543$2,074,885$4,467,645
59$6,064,604$2,711,030$2,107,523$4,814,923
60$6,645,162$2,805,838$2,140,093$5,194,255
61$7,283,738$2,904,094$2,172,555$5,608,803
62$7,986,213$3,005,928$2,204,870$6,062,049
63$8,759,066$3,111,478$2,236,992$6,557,824
64$9,609,435$3,220,885$2,268,876$7,100,350
65$10,545,186$3,334,296$2,300,471$7,694,270
66$11,574,984$3,451,866$2,331,726$8,344,702
67$12,708,379$3,573,754$2,362,585$9,057,279
68$13,955,891$3,700,125$2,392,990$9,838,205
69$15,329,114$3,831,154$2,422,877$10,694,310
70$16,840,822$3,967,019$2,452,182$11,633,120
71$18,505,091$4,107,908$2,480,835$12,662,921
72$20,337,430$4,254,015$2,508,763$13,792,839
73$22,354,929$4,405,543$2,535,888$15,032,927
74$24,576,421$4,562,704$2,562,129$16,394,258
75$27,022,655$4,725,715$2,587,400$17,889,026
76$29,716,498$4,894,807$2,611,609$19,530,668
77$32,683,144$5,070,216$2,634,662$21,333,980
78$35,950,359$5,252,191$2,656,457$23,315,265
79$39,548,736$5,440,989$2,676,889$25,492,481
80$43,511,988$5,636,878$2,695,845$27,885,411
81$47,877,264$5,840,138$2,713,209$30,515,848
82$52,685,500$6,051,061$2,728,857$33,407,803
83$57,981,807$6,269,948$2,742,659$36,587,726
84$63,815,891$6,497,115$2,754,479$40,084,758
85$70,242,530$6,732,892$2,764,172$43,931,005
86$77,322,086$6,977,621$2,771,589$48,161,840
87$85,121,072$7,231,659$2,776,571$52,816,233
88$93,712,788$7,495,376$2,778,952$57,937,122
89$103,178,003$7,769,160$2,778,558$63,571,815
90$113,605,725$8,053,415$2,775,206$69,772,434
91$125,094,038$8,348,561$2,768,704$76,596,410
92$137,751,025$8,655,036$2,758,850$84,107,021
93$151,695,792$8,973,296$2,745,435$92,373,985
94$167,059,593$9,303,816$2,728,236$101,474,126
95$183,987,061$9,647,094$2,707,023$111,492,087
96$202,637,585$10,003,644$2,681,551$122,521,135
97$223,186,803$10,374,007$2,651,567$134,664,038
98$245,828,266$10,758,744$2,616,805$148,034,031
99$270,775,266$11,158,439$2,576,985$162,755,888
100$298,262,845$11,573,704$2,531,815$178,967,095