Can I retire at age 45 with 1,390,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$114,785$113,762$112,765$111,791$110,841$109,866
2 years$56,824$55,766$54,740$53,746$52,781$51,799
3 years$37,507$36,444$35,421$34,435$33,487$32,527
4 years$27,850$26,790$25,777$24,809$23,883$22,954
5 years$22,057$21,004$20,004$19,056$18,155$17,260
6 years$18,196$17,151$16,166$15,239$14,366$13,504
7 years$15,440$14,403$13,434$12,529$11,683$10,856
8 years$13,374$12,346$11,393$10,510$9,692$8,900
9 years$11,767$10,750$9,813$8,952$8,162$7,404
10 years$10,483$9,475$8,555$7,717$6,955$6,230
11 years$9,433$8,435$7,532$6,716$5,981$5,290
12 years$8,558$7,571$6,684$5,891$5,183$4,525
13 years$7,819$6,842$5,972$5,201$4,520$3,893
14 years$7,186$6,219$5,366$4,617$3,962$3,367
15 years$6,637$5,681$4,845$4,117$3,489$2,923
16 years$6,158$5,213$4,392$3,687$3,083$2,547
17 years$5,736$4,801$3,997$3,312$2,734$2,226
18 years$5,361$4,436$3,649$2,985$2,431$1,951
19 years$5,025$4,111$3,340$2,697$2,167$1,713
20 years$4,724$3,820$3,065$2,443$1,935$1,507
21 years$4,452$3,559$2,820$2,217$1,732$1,328
22 years$4,205$3,322$2,599$2,016$1,552$1,172
23 years$3,979$3,107$2,399$1,836$1,393$1,036
24 years$3,773$2,911$2,219$1,674$1,252$916
25 years$3,584$2,732$2,055$1,529$1,127$811
26 years$3,409$2,567$1,906$1,398$1,015$719
27 years$3,248$2,416$1,770$1,280$915$638
28 years$3,098$2,277$1,646$1,173$826$566
29 years$2,959$2,148$1,531$1,075$746$503
30 years$2,829$2,028$1,426$987$674$447
31 years$2,709$1,918$1,330$906$609$397
32 years$2,595$1,814$1,241$833$551$353
33 years$2,489$1,718$1,158$766$499$314
34 years$2,390$1,628$1,082$705$452$279
35 years$2,296$1,545$1,012$649$409$249
36 years$2,208$1,466$947$597$371$221
37 years$2,124$1,392$886$551$336$197
38 years$2,046$1,323$830$507$304$176
39 years$1,971$1,258$777$468$276$156
40 years$1,900$1,197$729$432$250$139
41 years$1,833$1,140$683$398$227$124
42 years$1,770$1,085$641$367$206$111
43 years$1,709$1,034$601$339$187$99
44 years$1,652$986$565$313$170$88
45 years$1,597$940$530$289$154$78
46 years$1,544$897$498$267$140$70
47 years$1,494$856$468$247$127$62
48 years$1,447$817$440$228$115$56
49 years$1,401$780$413$211$105$49
50 years$1,357$745$388$195$95$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,390,000, adding $6,342 every year, while hoping to spend $21,319 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: 57/26/17 Blend
44$1,390,000$1,390,000$1,390,000$1,390,000
45$1,538,322$1,464,652$1,443,107$1,618,796
46$1,672,547$1,513,736$1,468,768$1,723,242
47$1,819,749$1,564,512$1,494,574$1,834,143
48$1,981,229$1,617,038$1,520,507$1,954,514
49$2,158,419$1,671,378$1,546,549$2,085,268
50$2,352,899$1,727,596$1,572,679$2,227,413
51$2,566,406$1,785,760$1,598,876$2,382,054
52$2,800,857$1,845,940$1,625,115$2,550,409
53$3,058,362$1,908,208$1,651,374$2,733,820
54$3,341,244$1,972,639$1,677,624$2,933,763
55$3,652,064$2,039,312$1,703,837$3,151,861
56$3,993,643$2,108,307$1,729,985$3,389,905
57$4,369,089$2,179,708$1,756,034$3,649,863
58$4,781,825$2,253,603$1,781,950$3,933,903
59$5,235,624$2,330,082$1,807,698$4,244,415
60$5,734,641$2,409,240$1,833,239$4,584,026
61$6,283,455$2,491,173$1,858,533$4,955,633
62$6,887,110$2,575,983$1,883,537$5,362,424
63$7,551,164$2,663,775$1,908,204$5,807,911
64$8,281,741$2,754,658$1,932,487$6,295,962
65$9,085,589$2,848,746$1,956,335$6,830,838
66$9,970,140$2,946,157$1,979,694$7,417,231
67$10,943,588$3,047,011$2,002,507$8,060,309
68$12,014,956$3,151,437$2,024,713$8,765,766
69$13,194,191$3,259,567$2,046,250$9,539,874
70$14,492,249$3,371,536$2,067,050$10,389,541
71$15,921,205$3,487,488$2,087,043$11,322,378
72$17,494,363$3,607,570$2,106,154$12,346,769
73$19,226,382$3,731,936$2,124,305$13,471,951
74$21,133,417$3,860,745$2,141,413$14,708,099
75$23,233,267$3,994,162$2,157,392$16,066,425
76$25,545,545$4,132,361$2,172,149$17,559,279
77$28,091,864$4,275,520$2,185,590$19,200,269
78$30,896,039$4,423,825$2,197,611$21,004,387
79$33,984,311$4,577,469$2,208,108$22,988,151
80$37,385,599$4,736,653$2,216,968$25,169,761
81$41,131,768$4,901,586$2,224,073$27,569,269
82$45,257,929$5,072,486$2,229,301$30,208,768
83$49,802,778$5,249,577$2,232,522$33,112,601
84$54,808,949$5,433,094$2,233,600$36,307,592
85$60,323,429$5,623,283$2,232,392$39,823,295
86$66,397,990$5,820,395$2,228,749$43,692,273
87$73,089,685$6,024,695$2,222,513$47,950,410
88$80,461,386$6,236,458$2,213,519$52,637,241
89$88,582,371$6,455,968$2,201,596$57,796,332
90$97,528,986$6,683,523$2,186,562$63,475,688
91$107,385,358$6,919,431$2,168,228$69,728,204
92$118,244,195$7,164,014$2,146,394$76,612,167
93$130,207,658$7,417,606$2,120,854$84,191,802
94$143,388,325$7,680,554$2,091,388$92,537,880
95$157,910,254$7,953,221$2,057,769$101,728,387
96$173,910,153$8,235,982$2,019,757$111,849,256
97$191,538,673$8,529,230$1,977,104$122,995,179
98$210,961,827$8,833,372$1,929,547$135,270,501
99$232,362,559$9,148,832$1,876,812$148,790,205
100$255,942,468$9,476,053$1,818,613$163,680,993