Can I retire at age 45 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$137,081$135,860$134,669$133,506$132,371$131,647
2 years$67,862$66,598$65,373$64,186$63,034$62,303
3 years$44,792$43,523$42,301$41,124$39,991$39,277
4 years$33,259$31,994$30,784$29,628$28,522$27,829
5 years$26,341$25,083$23,890$22,757$21,682$21,013
6 years$21,731$20,483$19,306$18,199$17,156$16,512
7 years$18,439$17,201$16,044$14,962$13,953$13,333
8 years$15,971$14,745$13,606$12,552$11,575$10,980
9 years$14,053$12,838$11,719$10,691$9,748$9,177
10 years$12,519$11,316$10,217$9,216$8,306$7,760
11 years$11,265$10,074$8,995$8,021$7,143$6,621
12 years$10,221$9,042$7,983$7,035$6,190$5,692
13 years$9,338$8,171$7,132$6,211$5,398$4,923
14 years$8,582$7,427$6,408$5,513$4,732$4,279
15 years$7,927$6,785$5,786$4,917$4,166$3,736
16 years$7,354$6,225$5,246$4,403$3,682$3,273
17 years$6,850$5,733$4,773$3,956$3,265$2,876
18 years$6,402$5,298$4,357$3,565$2,903$2,535
19 years$6,002$4,910$3,989$3,221$2,587$2,239
20 years$5,642$4,562$3,661$2,917$2,311$1,981
21 years$5,317$4,250$3,367$2,648$2,068$1,756
22 years$5,021$3,967$3,104$2,407$1,854$1,559
23 years$4,752$3,710$2,866$2,192$1,664$1,386
24 years$4,506$3,476$2,650$2,000$1,496$1,234
25 years$4,280$3,262$2,455$1,826$1,346$1,099
26 years$4,071$3,066$2,276$1,670$1,212$980
27 years$3,878$2,885$2,114$1,528$1,093$875
28 years$3,700$2,719$1,965$1,400$986$781
29 years$3,534$2,565$1,829$1,284$891$698
30 years$3,379$2,422$1,703$1,179$805$624
31 years$3,235$2,290$1,588$1,082$728$559
32 years$3,099$2,167$1,482$995$658$500
33 years$2,973$2,052$1,383$915$596$448
34 years$2,854$1,945$1,293$842$539$401
35 years$2,742$1,845$1,208$775$488$359
36 years$2,636$1,751$1,131$714$443$322
37 years$2,537$1,663$1,058$657$401$289
38 years$2,443$1,580$991$606$364$259
39 years$2,354$1,503$928$559$330$232
40 years$2,269$1,430$870$515$299$208
41 years$2,189$1,361$816$475$271$187
42 years$2,113$1,296$765$439$246$168
43 years$2,041$1,235$718$405$223$151
44 years$1,972$1,177$674$374$203$135
45 years$1,907$1,123$633$345$184$121
46 years$1,844$1,071$595$319$167$109
47 years$1,785$1,022$559$295$152$98
48 years$1,727$976$525$272$138$88
49 years$1,673$932$493$252$125$79
50 years$1,621$890$464$233$114$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,660,000, adding $4,968 every year, while hoping to spend $53,927 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: 52/25/23 Blend
44$1,660,000$1,660,000$1,660,000$1,660,000
45$1,834,444$1,746,464$1,720,734$1,917,874
46$1,964,180$1,774,663$1,721,001$2,004,238
47$2,105,341$1,802,437$1,719,469$2,092,180
48$2,259,036$1,829,706$1,716,022$2,186,722
49$2,426,485$1,856,389$1,710,536$2,288,511
50$2,609,030$1,882,396$1,702,883$2,398,262
51$2,808,149$1,907,631$1,692,927$2,516,766
52$3,025,467$1,931,992$1,680,527$2,644,893
53$3,262,774$1,955,369$1,665,534$2,783,605
54$3,522,042$1,977,646$1,647,794$2,933,965
55$3,805,438$1,998,699$1,627,143$3,097,144
56$4,115,351$2,018,394$1,603,411$3,274,434
57$4,454,411$2,036,589$1,576,419$3,467,265
58$4,825,512$2,053,133$1,545,980$3,677,210
59$5,231,844$2,067,866$1,511,900$3,906,008
60$5,676,916$2,080,616$1,473,973$4,155,578
61$6,164,596$2,091,201$1,431,986$4,428,037
62$6,699,141$2,099,426$1,385,713$4,725,721
63$7,285,241$2,105,085$1,334,922$5,051,207
64$7,928,061$2,107,960$1,279,368$5,407,340
65$8,633,290$2,107,817$1,218,793$5,797,259
66$9,407,194$2,104,408$1,152,932$6,224,425
67$10,256,676$2,097,472$1,081,503$6,692,659
68$11,189,338$2,086,730$1,004,214$7,206,176
69$12,213,556$2,071,885$920,761$7,769,624
70$13,338,555$2,052,624$830,823$8,388,134
71$14,574,500$2,028,615$734,068$9,067,362
72$15,932,587$1,999,504$630,147$9,813,549
73$17,425,150$1,964,920$518,696$10,633,581
74$19,065,779$1,924,465$399,336$11,535,050
75$20,869,446$1,877,720$271,671$12,526,332
76$22,852,643$1,824,242$135,286$13,616,664
77$25,033,543$1,763,561$0$14,816,233
78$27,432,169$1,695,179$0$16,138,794
79$30,070,578$1,618,571$0$17,629,814
80$32,973,075$1,533,179$0$19,269,839
81$36,166,438$1,438,415$0$21,074,058
82$39,680,174$1,333,656$0$23,059,214
83$43,546,790$1,218,243$0$25,243,763
84$47,802,107$1,091,481$0$27,648,049
85$52,485,592$952,635$0$30,294,494
86$57,640,735$800,927$0$33,207,814
87$63,315,454$635,535$0$36,415,251
88$69,562,548$455,594$0$39,946,834
89$76,440,196$260,186$0$43,835,661
90$84,012,505$48,345$0$48,118,212
91$92,350,116$0$0$52,834,699
92$101,530,866$0$0$58,079,220
93$111,640,524$0$0$63,869,245
94$122,773,604$0$0$70,245,630
95$135,034,248$0$0$77,268,050
96$148,537,217$0$0$85,002,264
97$163,408,967$0$0$93,520,733
98$179,788,846$0$0$102,903,306
99$197,830,406$0$0$113,237,970
100$217,702,852$0$0$124,621,684