Can I retire at age 45 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$128,823$127,676$126,556$125,464$124,397$121,439
2 years$63,774$62,586$61,435$60,319$59,236$56,274
3 years$42,094$40,901$39,753$38,647$37,582$34,707
4 years$31,256$30,066$28,930$27,843$26,804$24,039
5 years$24,754$23,572$22,451$21,386$20,376$17,728
6 years$20,422$19,249$18,143$17,103$16,123$13,595
7 years$17,328$16,165$15,077$14,061$13,112$10,705
8 years$15,009$13,856$12,787$11,795$10,878$8,591
9 years$13,206$12,064$11,013$10,047$9,161$6,992
10 years$11,765$10,634$9,602$8,661$7,805$5,752
11 years$10,586$9,467$8,453$7,537$6,713$4,772
12 years$9,605$8,497$7,502$6,611$5,817$3,985
13 years$8,775$7,679$6,702$5,837$5,073$3,347
14 years$8,065$6,980$6,022$5,181$4,447$2,823
15 years$7,449$6,376$5,437$4,621$3,915$2,390
16 years$6,911$5,850$4,930$4,137$3,460$2,029
17 years$6,437$5,388$4,486$3,717$3,068$1,727
18 years$6,016$4,979$4,095$3,350$2,728$1,474
19 years$5,640$4,614$3,749$3,027$2,432$1,259
20 years$5,302$4,288$3,440$2,742$2,172$1,078
21 years$4,996$3,994$3,164$2,488$1,944$924
22 years$4,719$3,728$2,917$2,262$1,742$793
23 years$4,466$3,487$2,693$2,060$1,564$681
24 years$4,235$3,267$2,491$1,879$1,406$585
25 years$4,022$3,066$2,307$1,716$1,265$503
26 years$3,826$2,881$2,139$1,569$1,139$433
27 years$3,645$2,712$1,987$1,436$1,027$373
28 years$3,477$2,555$1,847$1,316$927$321
29 years$3,321$2,411$1,719$1,207$837$276
30 years$3,175$2,276$1,601$1,108$756$238
31 years$3,040$2,152$1,492$1,017$684$205
32 years$2,913$2,036$1,392$935$618$177
33 years$2,794$1,928$1,300$860$560$153
34 years$2,682$1,828$1,215$791$507$132
35 years$2,577$1,733$1,136$728$459$114
36 years$2,478$1,645$1,062$671$416$98
37 years$2,384$1,563$994$618$377$85
38 years$2,296$1,485$931$569$342$73
39 years$2,212$1,412$872$525$310$63
40 years$2,133$1,344$818$484$281$54
41 years$2,058$1,279$767$447$255$47
42 years$1,986$1,218$719$412$231$41
43 years$1,918$1,161$675$381$210$35
44 years$1,854$1,106$634$351$191$30
45 years$1,792$1,055$595$325$173$26
46 years$1,733$1,006$559$300$157$23
47 years$1,677$960$525$277$143$19
48 years$1,623$917$493$256$130$17
49 years$1,572$875$464$237$118$15
50 years$1,523$836$436$219$107$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,560,000, adding $4,168 every year, while hoping to spend $48,249 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: 45/36/19 Blend
44$1,560,000$1,560,000$1,560,000$1,560,000
45$1,723,419$1,640,739$1,616,559$1,791,388
46$1,847,871$1,669,799$1,619,377$1,868,520
47$1,983,401$1,698,665$1,620,673$1,946,998
48$2,131,086$1,727,278$1,620,344$2,031,092
49$2,292,114$1,755,573$1,618,283$2,121,347
50$2,467,793$1,783,479$1,614,378$2,218,362
51$2,659,560$1,810,921$1,608,512$2,322,798
52$2,868,999$1,837,820$1,600,561$2,435,388
53$3,097,853$1,864,090$1,590,396$2,556,937
54$3,348,041$1,889,637$1,577,881$2,688,336
55$3,621,675$1,914,364$1,562,875$2,830,567
56$3,921,083$1,938,164$1,545,228$2,984,715
57$4,248,825$1,960,925$1,524,784$3,151,978
58$4,607,722$1,982,528$1,501,382$3,333,677
59$5,000,880$2,002,842$1,474,849$3,531,269
60$5,431,721$2,021,732$1,445,007$3,746,366
61$5,904,011$2,039,051$1,411,668$3,980,743
62$6,421,899$2,054,644$1,374,639$4,236,361
63$6,989,956$2,068,345$1,333,712$4,515,383
64$7,613,215$2,079,977$1,288,675$4,820,198
65$8,297,220$2,089,353$1,239,303$5,153,439
66$9,048,078$2,096,274$1,185,362$5,518,015
67$9,872,518$2,100,526$1,126,607$5,917,133
68$10,777,948$2,101,886$1,062,781$6,354,334
69$11,772,533$2,100,112$993,619$6,833,521
70$12,865,266$2,094,952$918,839$7,359,005
71$14,066,053$2,086,135$838,151$7,935,539
72$15,385,809$2,073,374$751,247$8,568,368
73$16,836,558$2,056,367$657,811$9,263,278
74$18,431,548$2,034,789$557,509$10,026,650
75$20,185,373$2,008,301$449,992$10,865,526
76$22,114,113$1,976,540$334,899$11,787,671
77$24,235,485$1,939,123$211,850$12,801,653
78$26,569,007$1,895,642$80,450$13,916,920
79$29,136,185$1,845,668$0$15,143,893
80$31,960,716$1,788,746$0$16,506,186
81$35,068,707$1,724,392$0$18,022,549
82$38,488,924$1,652,097$0$19,690,728
83$42,253,065$1,571,320$0$21,526,236
84$46,396,054$1,481,491$0$23,546,177
85$50,956,373$1,382,006$0$25,769,405
86$55,976,424$1,272,225$0$28,216,705
87$61,502,929$1,151,474$0$30,910,992
88$67,587,371$1,019,038$0$33,877,524
89$74,286,476$874,165$0$37,144,148
90$81,662,753$716,056$0$40,741,559
91$89,785,081$543,870$0$44,703,597
92$98,729,358$356,717$0$49,067,562
93$108,579,216$153,660$0$53,874,572
94$119,426,812$0$0$59,169,953
95$131,373,698$0$0$65,029,930
96$144,531,774$0$0$71,551,294
97$159,024,350$0$0$78,734,319
98$174,987,304$0$0$86,646,384
99$192,570,368$0$0$95,361,736
100$211,938,536$0$0$104,962,192