Can I retire at age 45 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$131,301$130,131$128,990$127,876$126,789$123,175
2 years$65,000$63,790$62,617$61,479$60,376$56,762
3 years$42,903$41,687$40,517$39,390$38,305$34,806
4 years$31,857$30,645$29,486$28,378$27,319$23,962
5 years$25,231$24,026$22,882$21,797$20,768$17,560
6 years$20,815$19,619$18,492$17,432$16,433$13,379
7 years$17,662$16,476$15,367$14,331$13,364$10,463
8 years$15,298$14,123$13,033$12,022$11,087$8,338
9 years$13,460$12,296$11,225$10,240$9,337$6,736
10 years$11,991$10,839$9,786$8,827$7,955$5,501
11 years$10,790$9,649$8,616$7,682$6,842$4,528
12 years$9,790$8,661$7,646$6,738$5,929$3,753
13 years$8,944$7,827$6,831$5,949$5,170$3,126
14 years$8,220$7,114$6,138$5,281$4,532$2,615
15 years$7,593$6,499$5,542$4,710$3,991$2,195
16 years$7,044$5,963$5,024$4,217$3,527$1,848
17 years$6,561$5,491$4,572$3,789$3,127$1,560
18 years$6,132$5,074$4,174$3,415$2,781$1,319
19 years$5,749$4,703$3,821$3,085$2,478$1,117
20 years$5,404$4,370$3,507$2,794$2,214$947
21 years$5,092$4,071$3,225$2,536$1,981$804
22 years$4,810$3,800$2,973$2,306$1,776$684
23 years$4,552$3,554$2,745$2,100$1,594$582
24 years$4,316$3,330$2,538$1,915$1,433$495
25 years$4,099$3,125$2,351$1,749$1,289$422
26 years$3,900$2,937$2,180$1,599$1,161$359
27 years$3,715$2,764$2,025$1,464$1,047$306
28 years$3,544$2,604$1,882$1,341$945$261
29 years$3,385$2,457$1,752$1,230$853$223
30 years$3,237$2,320$1,632$1,129$771$190
31 years$3,098$2,193$1,521$1,037$697$162
32 years$2,969$2,075$1,419$953$630$139
33 years$2,847$1,965$1,325$876$570$118
34 years$2,734$1,863$1,238$806$517$101
35 years$2,626$1,767$1,158$742$468$86
36 years$2,525$1,677$1,083$683$424$74
37 years$2,430$1,593$1,014$630$384$63
38 years$2,340$1,514$949$580$348$54
39 years$2,255$1,439$889$535$316$46
40 years$2,174$1,369$833$494$286$39
41 years$2,097$1,304$782$455$260$34
42 years$2,024$1,241$733$420$236$29
43 years$1,955$1,183$688$388$214$25
44 years$1,889$1,128$646$358$194$21
45 years$1,826$1,075$606$331$176$18
46 years$1,766$1,026$569$306$160$15
47 years$1,709$979$535$282$145$13
48 years$1,655$934$503$261$132$11
49 years$1,602$892$473$241$120$10
50 years$1,552$852$444$223$109$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,590,000, adding $3,602 every year, while hoping to spend $44,024 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: 82/9/9 Blend
44$1,590,000$1,590,000$1,590,000$1,590,000
45$1,755,895$1,671,625$1,646,980$1,897,371
46$1,888,156$1,706,694$1,655,313$2,025,576
47$2,032,431$1,742,005$1,662,449$2,160,081
48$2,189,900$1,777,525$1,668,303$2,306,413
49$2,361,861$1,813,215$1,672,782$2,465,733
50$2,549,743$1,849,035$1,675,793$2,639,320
51$2,755,119$1,884,939$1,677,233$2,828,581
52$2,979,719$1,920,880$1,676,999$3,035,068
53$3,225,452$1,956,804$1,674,980$3,260,488
54$3,494,416$1,992,656$1,671,060$3,506,722
55$3,788,924$2,028,373$1,665,118$3,775,842
56$4,111,521$2,063,890$1,657,026$4,070,131
57$4,465,011$2,099,135$1,646,651$4,392,105
58$4,852,481$2,134,032$1,633,853$4,744,531
59$5,277,332$2,168,497$1,618,485$5,130,464
60$5,743,310$2,202,444$1,600,395$5,553,263
61$6,254,540$2,235,776$1,579,420$6,016,635
62$6,815,566$2,268,392$1,555,394$6,524,659
63$7,431,394$2,300,183$1,528,139$7,081,832
64$8,107,535$2,331,031$1,497,471$7,693,108
65$8,850,065$2,360,813$1,463,197$8,363,946
66$9,665,673$2,389,394$1,425,115$9,100,360
67$10,561,729$2,416,632$1,383,014$9,908,977
68$11,546,352$2,442,374$1,336,673$10,797,100
69$12,628,489$2,466,459$1,285,860$11,772,775
70$13,817,992$2,488,712$1,230,333$12,844,868
71$15,125,718$2,508,950$1,169,840$14,023,148
72$16,563,628$2,526,976$1,104,117$15,318,382
73$18,144,901$2,542,580$1,032,888$16,742,432
74$19,884,055$2,555,541$955,863$18,308,371
75$21,797,086$2,565,620$872,742$20,030,602
76$23,901,619$2,572,565$783,209$21,925,001
77$26,217,073$2,576,110$686,936$24,009,059
78$28,764,845$2,575,970$583,579$26,302,051
79$31,568,509$2,571,842$472,778$28,825,221
80$34,654,040$2,563,406$354,160$31,601,974
81$38,050,060$2,550,321$227,332$34,658,108
82$41,788,106$2,532,226$91,887$38,022,046
83$45,902,925$2,508,738$0$41,725,115
84$50,432,808$2,479,450$0$45,806,891
85$55,419,945$2,443,933$0$50,310,104
86$60,910,823$2,401,730$0$55,267,887
87$66,956,669$2,352,357$0$60,726,485
88$73,613,929$2,295,302$0$66,736,855
89$80,944,802$2,230,024$0$73,355,151
90$89,017,825$2,155,948$0$80,643,253
91$97,908,520$2,072,467$0$88,669,348
92$107,700,109$1,978,938$0$97,508,578
93$118,484,295$1,874,681$0$107,243,745
94$130,362,130$1,758,977$0$117,966,095
95$143,444,965$1,631,065$0$129,776,180
96$157,855,506$1,490,141$0$142,784,803
97$173,728,965$1,335,355$0$157,114,068
98$191,214,341$1,165,809$0$172,898,533
99$210,475,823$980,554$0$190,286,474
100$231,694,342$778,585$0$209,441,294