Can I retire at age 45 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$132,952$131,768$130,613$129,485$128,384$126,205
2 years$65,818$64,592$63,404$62,252$61,135$58,947
3 years$43,443$42,212$41,027$39,886$38,787$36,657
4 years$32,257$31,030$29,857$28,735$27,663$25,608
5 years$25,548$24,328$23,170$22,072$21,029$19,055
6 years$21,076$19,866$18,725$17,651$16,639$14,749
7 years$17,884$16,683$15,561$14,512$13,532$11,725
8 years$15,490$14,300$13,197$12,173$11,226$9,502
9 years$13,630$12,451$11,366$10,369$9,454$7,813
10 years$12,142$10,975$9,909$8,938$8,055$6,495
11 years$10,926$9,770$8,724$7,779$6,928$5,447
12 years$9,913$8,769$7,742$6,823$6,004$4,600
13 years$9,056$7,925$6,917$6,024$5,235$3,906
14 years$8,323$7,204$6,215$5,347$4,589$3,333
15 years$7,688$6,581$5,611$4,769$4,041$2,855
16 years$7,133$6,038$5,088$4,270$3,571$2,454
17 years$6,644$5,560$4,630$3,837$3,166$2,114
18 years$6,209$5,138$4,226$3,458$2,815$1,826
19 years$5,821$4,762$3,869$3,124$2,509$1,581
20 years$5,472$4,425$3,551$2,830$2,242$1,370
21 years$5,157$4,122$3,266$2,568$2,006$1,190
22 years$4,870$3,847$3,010$2,335$1,798$1,034
23 years$4,609$3,598$2,779$2,126$1,614$900
24 years$4,370$3,372$2,570$1,939$1,451$784
25 years$4,151$3,164$2,381$1,771$1,305$683
26 years$3,949$2,974$2,208$1,619$1,176$596
27 years$3,762$2,799$2,050$1,482$1,060$520
28 years$3,588$2,637$1,906$1,358$957$454
29 years$3,427$2,488$1,774$1,245$864$397
30 years$3,277$2,349$1,652$1,143$780$347
31 years$3,137$2,221$1,540$1,050$706$303
32 years$3,006$2,102$1,437$965$638$265
33 years$2,883$1,990$1,342$887$578$232
34 years$2,768$1,886$1,254$816$523$203
35 years$2,659$1,789$1,172$751$474$178
36 years$2,557$1,698$1,096$692$429$156
37 years$2,461$1,613$1,026$638$389$136
38 years$2,369$1,533$961$588$353$119
39 years$2,283$1,457$900$542$320$104
40 years$2,201$1,387$844$500$290$91
41 years$2,123$1,320$791$461$263$80
42 years$2,050$1,257$742$426$239$70
43 years$1,980$1,198$697$393$217$61
44 years$1,913$1,142$654$363$197$54
45 years$1,849$1,089$614$335$179$47
46 years$1,789$1,039$577$309$162$41
47 years$1,731$991$542$286$147$36
48 years$1,675$946$509$264$134$32
49 years$1,623$904$479$244$121$28
50 years$1,572$863$450$226$110$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,610,000, adding $2,713 every year, while hoping to spend $58,132 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: 38/32/30 Blend
44$1,610,000$1,610,000$1,610,000$1,610,000
45$1,777,018$1,691,688$1,666,733$1,828,600
46$1,896,422$1,712,729$1,660,717$1,887,969
47$2,026,057$1,732,853$1,652,551$1,946,603
48$2,166,905$1,751,952$1,642,101$2,008,886
49$2,320,046$1,769,915$1,629,228$2,075,188
50$2,486,669$1,786,619$1,613,786$2,145,920
51$2,668,083$1,801,937$1,595,621$2,221,541
52$2,865,725$1,815,729$1,574,572$2,302,556
53$3,081,180$1,827,851$1,550,471$2,389,528
54$3,316,190$1,838,146$1,523,142$2,483,079
55$3,572,675$1,846,448$1,492,401$2,583,901
56$3,852,745$1,852,582$1,458,054$2,692,759
57$4,158,726$1,856,359$1,419,899$2,810,501
58$4,493,177$1,857,581$1,377,726$2,938,067
59$4,858,914$1,856,036$1,331,314$3,076,497
60$5,259,041$1,851,500$1,280,430$3,226,943
61$5,696,973$1,843,733$1,224,835$3,390,681
62$6,176,472$1,832,484$1,164,274$3,569,122
63$6,701,680$1,817,483$1,098,485$3,763,831
64$7,277,157$1,798,446$1,027,190$3,976,536
65$7,907,929$1,775,071$950,103$4,209,150
66$8,599,527$1,747,039$866,921$4,463,790
67$9,358,045$1,714,010$777,329$4,742,795
68$10,190,195$1,675,626$680,999$5,048,756
69$11,103,370$1,631,507$577,587$5,384,532
70$12,105,712$1,581,249$466,735$5,753,290
71$13,206,192$1,524,428$348,068$6,158,525
72$14,414,691$1,460,591$221,195$6,604,103
73$15,742,092$1,389,263$85,708$7,094,296
74$17,200,388$1,309,939$0$7,633,824
75$18,802,786$1,222,085$0$8,246,749
76$20,563,839$1,125,136$0$8,950,488
77$22,499,580$1,018,497$0$9,724,089
78$24,627,671$901,537$0$10,574,736
79$26,967,571$773,590$0$11,510,352
80$29,540,718$633,951$0$12,539,678
81$32,370,734$481,877$0$13,672,354
82$35,483,643$316,583$0$14,919,013
83$38,908,118$137,239$0$16,291,383
84$42,675,751$0$0$17,802,397
85$46,821,352$0$0$19,486,403
86$51,383,273$0$0$21,392,957
87$56,403,773$0$0$23,491,427
88$61,929,416$0$0$25,801,306
89$68,011,507$0$0$28,344,076
90$74,706,578$0$0$31,143,407
91$82,076,920$0$0$34,225,378
92$90,191,170$0$0$37,618,730
93$99,124,960$0$0$41,355,127
94$108,961,626$0$0$45,469,464
95$119,792,999$0$0$50,000,192
96$131,720,266$0$0$54,989,678
97$144,854,928$0$0$60,484,610
98$159,319,851$0$0$66,536,434
99$175,250,422$0$0$73,201,839
100$192,795,829$0$0$80,543,294