Can I retire at age 45 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$130,475$129,313$128,179$127,072$125,991$122,499
2 years$64,592$63,389$62,223$61,092$59,996$56,503
3 years$42,633$41,425$40,262$39,142$38,064$34,680
4 years$31,656$30,452$29,301$28,200$27,147$23,899
5 years$25,072$23,875$22,738$21,660$20,637$17,533
6 years$20,684$19,495$18,376$17,322$16,329$13,372
7 years$17,550$16,372$15,271$14,241$13,280$10,470
8 years$15,202$14,034$12,951$11,947$11,017$8,353
9 years$13,376$12,219$11,154$10,176$9,278$6,757
10 years$11,916$10,771$9,725$8,772$7,905$5,524
11 years$10,722$9,588$8,561$7,634$6,799$4,554
12 years$9,728$8,606$7,598$6,696$5,892$3,779
13 years$8,888$7,777$6,788$5,912$5,138$3,152
14 years$8,168$7,069$6,099$5,248$4,504$2,640
15 years$7,545$6,458$5,507$4,680$3,965$2,220
16 years$7,000$5,925$4,993$4,190$3,505$1,871
17 years$6,520$5,457$4,543$3,765$3,107$1,581
18 years$6,093$5,042$4,147$3,393$2,763$1,339
19 years$5,712$4,673$3,797$3,066$2,463$1,136
20 years$5,370$4,343$3,484$2,777$2,200$965
21 years$5,060$4,045$3,205$2,520$1,969$821
22 years$4,779$3,776$2,954$2,291$1,765$699
23 years$4,523$3,531$2,727$2,087$1,584$595
24 years$4,289$3,309$2,522$1,903$1,424$507
25 years$4,073$3,105$2,336$1,738$1,281$433
26 years$3,875$2,918$2,167$1,589$1,154$370
27 years$3,692$2,746$2,012$1,455$1,040$316
28 years$3,521$2,588$1,870$1,333$939$270
29 years$3,363$2,441$1,741$1,222$848$230
30 years$3,216$2,306$1,621$1,122$766$197
31 years$3,079$2,180$1,512$1,030$692$168
32 years$2,950$2,062$1,410$947$626$144
33 years$2,830$1,953$1,317$871$567$123
34 years$2,716$1,851$1,230$801$513$105
35 years$2,610$1,756$1,150$737$465$90
36 years$2,509$1,666$1,076$679$421$77
37 years$2,415$1,583$1,007$626$382$66
38 years$2,325$1,504$943$577$346$56
39 years$2,240$1,430$884$532$314$48
40 years$2,160$1,361$828$491$285$41
41 years$2,084$1,295$777$453$258$35
42 years$2,012$1,234$728$418$234$30
43 years$1,943$1,175$684$386$213$26
44 years$1,877$1,120$642$356$193$22
45 years$1,815$1,068$603$329$175$19
46 years$1,755$1,019$566$304$159$16
47 years$1,699$973$532$281$144$14
48 years$1,644$929$500$259$131$12
49 years$1,592$887$470$240$119$10
50 years$1,543$847$441$221$108$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,580,000, adding $6,499 every year, while hoping to spend $54,562 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: 44/37/19 Blend
44$1,580,000$1,580,000$1,580,000$1,580,000
45$1,747,864$1,664,124$1,639,634$1,814,902
46$1,868,092$1,687,612$1,636,508$1,886,194
47$1,998,755$1,710,423$1,631,449$1,957,537
48$2,140,860$1,732,465$1,624,334$2,033,729
49$2,295,513$1,753,642$1,615,035$2,115,246
50$2,463,935$1,773,849$1,603,417$2,202,611
51$2,647,465$1,792,976$1,589,340$2,296,404
52$2,847,579$1,810,905$1,572,656$2,397,266
53$3,065,902$1,827,510$1,553,211$2,505,906
54$3,304,223$1,842,656$1,530,841$2,623,107
55$3,564,508$1,856,201$1,505,379$2,749,734
56$3,848,925$1,867,992$1,476,647$2,886,744
57$4,159,859$1,877,867$1,444,458$3,035,195
58$4,499,936$1,885,654$1,408,619$3,196,255
59$4,872,048$1,891,169$1,368,926$3,371,215
60$5,279,378$1,894,218$1,325,166$3,561,501
61$5,725,434$1,894,593$1,277,118$3,768,691
62$6,214,074$1,892,075$1,224,548$3,994,525
63$6,749,553$1,886,430$1,167,213$4,240,926
64$7,336,552$1,877,409$1,104,859$4,510,020
65$7,980,229$1,864,751$1,037,221$4,804,153
66$8,686,265$1,848,176$964,020$5,125,917
67$9,460,915$1,827,389$884,967$5,478,174
68$10,311,073$1,802,075$799,757$5,864,085
69$11,244,329$1,771,904$708,076$6,287,140
70$12,269,046$1,736,521$609,591$6,751,191
71$13,394,433$1,695,556$503,957$7,260,494
72$14,630,640$1,648,613$390,814$7,819,744
73$15,988,844$1,595,273$269,785$8,434,125
74$17,481,360$1,535,096$140,477$9,109,361
75$19,121,754$1,467,611$2,479$9,851,767
76$20,924,974$1,392,325$0$10,668,315
77$22,907,485$1,308,713$0$11,596,051
78$25,087,430$1,216,221$0$12,616,556
79$27,484,795$1,114,263$0$13,738,791
80$30,121,603$1,002,221$0$14,973,193
81$33,022,116$879,439$0$16,331,272
82$36,213,067$745,227$0$17,825,721
83$39,723,910$598,853$0$19,470,537
84$43,587,097$439,545$0$21,281,156
85$47,838,388$266,489$0$23,274,598
86$52,517,180$78,824$0$25,469,634
87$57,666,886$0$0$27,886,959
88$63,335,340$0$0$30,600,026
89$69,575,249$0$0$33,622,168
90$76,444,690$0$0$36,949,448
91$84,007,655$0$0$40,612,891
92$92,334,660$0$0$44,646,686
93$101,503,403$0$0$49,088,503
94$111,599,502$0$0$53,979,853
95$122,717,300$0$0$59,366,477
96$134,960,755$0$0$65,298,777
97$148,444,420$0$0$71,832,296
98$163,294,526$0$0$79,028,234
99$179,650,169$0$0$86,954,033
100$197,664,625$0$0$95,684,008