Can I retire at age 45 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$117,262$116,218$115,199$114,204$113,233$108,697
2 years$58,051$56,969$55,922$54,906$53,920$49,408
3 years$38,316$37,230$36,185$35,179$34,209$29,862
4 years$28,451$27,368$26,333$25,344$24,398$20,249
5 years$22,533$21,457$20,436$19,467$18,547$14,607
6 years$18,589$17,521$16,515$15,568$14,676$10,946
7 years$15,773$14,714$13,724$12,799$11,935$8,416
8 years$13,662$12,613$11,639$10,737$9,902$6,588
9 years$12,021$10,982$10,025$9,145$8,339$5,226
10 years$10,709$9,680$8,740$7,883$7,105$4,187
11 years$9,636$8,617$7,694$6,861$6,110$3,381
12 years$8,743$7,735$6,829$6,018$5,295$2,746
13 years$7,988$6,990$6,101$5,313$4,617$2,241
14 years$7,341$6,354$5,482$4,716$4,048$1,836
15 years$6,781$5,804$4,949$4,206$3,564$1,509
16 years$6,291$5,325$4,487$3,766$3,150$1,243
17 years$5,860$4,904$4,083$3,384$2,793$1,026
18 years$5,476$4,532$3,727$3,049$2,483$848
19 years$5,134$4,200$3,412$2,755$2,213$702
20 years$4,826$3,903$3,132$2,496$1,977$582
21 years$4,548$3,635$2,880$2,265$1,769$483
22 years$4,295$3,393$2,655$2,059$1,586$401
23 years$4,065$3,174$2,451$1,875$1,424$333
24 years$3,855$2,974$2,267$1,711$1,280$277
25 years$3,661$2,791$2,100$1,562$1,151$230
26 years$3,483$2,623$1,947$1,428$1,037$192
27 years$3,318$2,468$1,808$1,307$935$159
28 years$3,165$2,326$1,681$1,198$844$133
29 years$3,023$2,194$1,564$1,098$762$110
30 years$2,891$2,072$1,457$1,008$688$92
31 years$2,767$1,959$1,358$926$622$77
32 years$2,651$1,854$1,267$851$563$64
33 years$2,543$1,755$1,183$782$509$53
34 years$2,441$1,664$1,106$720$461$44
35 years$2,346$1,578$1,034$663$418$37
36 years$2,255$1,498$967$610$379$31
37 years$2,170$1,422$905$562$343$26
38 years$2,090$1,352$848$518$311$21
39 years$2,014$1,285$794$478$282$18
40 years$1,941$1,223$744$441$256$15
41 years$1,873$1,164$698$407$232$12
42 years$1,808$1,109$655$375$211$10
43 years$1,746$1,056$614$347$191$9
44 years$1,687$1,007$577$320$173$7
45 years$1,631$960$541$295$158$6
46 years$1,578$916$509$273$143$5
47 years$1,527$874$478$252$130$4
48 years$1,478$835$449$233$118$3
49 years$1,431$797$422$215$107$3
50 years$1,386$761$397$199$97$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,420,000, adding $4,109 every year, while hoping to spend $47,898 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: 36/35/29 Blend
44$1,420,000$1,420,000$1,420,000$1,420,000
45$1,569,078$1,493,818$1,471,808$1,611,794
46$1,678,161$1,516,052$1,470,151$1,666,246
47$1,796,765$1,537,771$1,466,833$1,720,379
48$1,925,811$1,558,897$1,461,747$1,777,912
49$2,066,311$1,579,351$1,454,783$1,839,182
50$2,219,381$1,599,044$1,445,824$1,904,566
51$2,386,246$1,617,886$1,434,748$1,974,478
52$2,568,257$1,635,776$1,421,425$2,049,380
53$2,766,899$1,652,609$1,405,723$2,129,782
54$2,983,808$1,668,273$1,387,500$2,216,250
55$3,220,785$1,682,646$1,366,610$2,309,411
56$3,479,811$1,695,601$1,342,897$2,409,956
57$3,763,068$1,707,003$1,316,201$2,518,654
58$4,072,960$1,716,705$1,286,352$2,636,353
59$4,412,132$1,724,553$1,253,175$2,763,995
60$4,783,496$1,730,383$1,216,483$2,902,619
61$5,190,262$1,734,021$1,176,084$3,053,376
62$5,635,961$1,735,280$1,131,776$3,217,539
63$6,124,485$1,733,965$1,083,346$3,396,516
64$6,660,118$1,729,865$1,030,574$3,591,864
65$7,247,581$1,722,759$973,229$3,805,304
66$7,892,071$1,712,411$911,069$4,038,741
67$8,599,314$1,698,571$843,841$4,294,277
68$9,375,616$1,680,973$771,283$4,574,240
69$10,227,926$1,659,337$693,117$4,881,199
70$11,163,894$1,633,365$609,057$5,217,995
71$12,191,953$1,602,741$518,801$5,587,767
72$13,321,387$1,567,131$422,036$5,993,981
73$14,562,428$1,526,180$318,434$6,440,469
74$15,926,347$1,479,514$207,653$6,931,463
75$17,425,559$1,426,735$89,334$7,471,634
76$19,073,745$1,367,424$0$8,066,145
77$20,885,976$1,301,136$0$8,732,123
78$22,878,856$1,227,402$0$9,494,675
79$25,070,678$1,145,724$0$10,333,204
80$27,481,599$1,055,576$0$11,255,511
81$30,133,825$956,403$0$12,270,203
82$33,051,826$847,617$0$13,386,769
83$36,262,559$728,597$0$14,615,676
84$39,795,730$598,689$0$15,968,465
85$43,684,068$457,197$0$17,457,866
86$47,963,635$303,392$0$19,097,916
87$52,674,168$136,500$0$20,904,093
88$57,859,449$0$0$22,893,467
89$63,567,723$0$0$25,101,919
90$69,852,150$0$0$27,591,402
91$76,771,304$0$0$30,332,578
92$84,389,731$0$0$33,351,050
93$92,778,551$0$0$36,675,029
94$102,016,135$0$0$40,335,603
95$112,188,838$0$0$44,367,027
96$123,391,820$0$0$48,807,047
97$135,729,937$0$0$53,697,258
98$149,318,734$0$0$59,083,496
99$164,285,536$0$0$65,016,267
100$180,770,645$0$0$71,551,228