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%18.4%
1 years$117,262$116,218$115,199$114,204$113,233$109,389
2 years$58,051$56,969$55,922$54,906$53,920$50,087
3 years$38,316$37,230$36,185$35,179$34,209$30,506
4 years$28,451$27,368$26,333$25,344$24,398$20,853
5 years$22,533$21,457$20,436$19,467$18,547$15,170
6 years$18,589$17,521$16,515$15,568$14,676$11,469
7 years$15,773$14,714$13,724$12,799$11,935$8,899
8 years$13,662$12,613$11,639$10,737$9,902$7,033
9 years$12,021$10,982$10,025$9,145$8,339$5,634
10 years$10,709$9,680$8,740$7,883$7,105$4,560
11 years$9,636$8,617$7,694$6,861$6,110$3,720
12 years$8,743$7,735$6,829$6,018$5,295$3,054
13 years$7,988$6,990$6,101$5,313$4,617$2,520
14 years$7,341$6,354$5,482$4,716$4,048$2,088
15 years$6,781$5,804$4,949$4,206$3,564$1,736
16 years$6,291$5,325$4,487$3,766$3,150$1,446
17 years$5,860$4,904$4,083$3,384$2,793$1,208
18 years$5,476$4,532$3,727$3,049$2,483$1,011
19 years$5,134$4,200$3,412$2,755$2,213$847
20 years$4,826$3,903$3,132$2,496$1,977$711
21 years$4,548$3,635$2,880$2,265$1,769$597
22 years$4,295$3,393$2,655$2,059$1,586$502
23 years$4,065$3,174$2,451$1,875$1,424$422
24 years$3,855$2,974$2,267$1,711$1,280$356
25 years$3,661$2,791$2,100$1,562$1,151$300
26 years$3,483$2,623$1,947$1,428$1,037$252
27 years$3,318$2,468$1,808$1,307$935$213
28 years$3,165$2,326$1,681$1,198$844$179
29 years$3,023$2,194$1,564$1,098$762$151
30 years$2,891$2,072$1,457$1,008$688$128
31 years$2,767$1,959$1,358$926$622$108
32 years$2,651$1,854$1,267$851$563$91
33 years$2,543$1,755$1,183$782$509$77
34 years$2,441$1,664$1,106$720$461$65
35 years$2,346$1,578$1,034$663$418$55
36 years$2,255$1,498$967$610$379$46
37 years$2,170$1,422$905$562$343$39
38 years$2,090$1,352$848$518$311$33
39 years$2,014$1,285$794$478$282$28
40 years$1,941$1,223$744$441$256$23
41 years$1,873$1,164$698$407$232$20
42 years$1,808$1,109$655$375$211$17
43 years$1,746$1,056$614$347$191$14
44 years$1,687$1,007$577$320$173$12
45 years$1,631$960$541$295$158$10
46 years$1,578$916$509$273$143$9
47 years$1,527$874$478$252$130$7
48 years$1,478$835$449$233$118$6
49 years$1,431$797$422$215$107$5
50 years$1,386$761$397$199$97$4

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 $6,885 every year, while hoping to spend $54,599 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: 46/31/23 Blend
44$1,420,000$1,420,000$1,420,000$1,420,000
45$1,571,942$1,496,682$1,474,672$1,633,596
46$1,674,187$1,511,926$1,465,980$1,692,869
47$1,785,031$1,526,088$1,455,168$1,751,221
48$1,905,294$1,539,056$1,442,106$1,813,428
49$2,035,877$1,550,712$1,426,659$1,879,878
50$2,177,770$1,560,931$1,408,686$1,950,998
51$2,332,065$1,569,579$1,388,040$2,027,262
52$2,499,962$1,576,515$1,364,565$2,109,196
53$2,682,779$1,581,585$1,338,099$2,197,382
54$2,881,971$1,584,631$1,308,473$2,292,463
55$3,099,134$1,585,480$1,275,510$2,395,152
56$3,336,030$1,583,952$1,239,023$2,506,238
57$3,594,593$1,579,854$1,198,818$2,626,594
58$3,876,956$1,572,981$1,154,693$2,757,185
59$4,185,464$1,563,117$1,106,435$2,899,080
60$4,522,702$1,550,030$1,053,821$3,053,462
61$4,891,514$1,533,478$996,620$3,221,637
62$5,295,030$1,513,200$934,588$3,405,052
63$5,736,699$1,488,923$867,473$3,605,305
64$6,220,319$1,460,356$795,009$3,824,163
65$6,750,069$1,427,191$716,920$4,063,580
66$7,330,555$1,389,103$632,916$4,325,716
67$7,966,848$1,345,745$542,695$4,612,958
68$8,664,533$1,296,753$445,942$4,927,943
69$9,429,762$1,241,740$342,327$5,273,586
70$10,269,309$1,180,297$231,507$5,653,107
71$11,190,639$1,111,992$113,122$6,070,063
72$12,201,970$1,036,365$0$6,528,384
73$13,312,359$952,935$0$7,035,653
74$14,531,779$861,189$0$7,623,257
75$15,871,220$760,586$0$8,268,799
76$17,342,785$650,556$0$8,978,229
77$18,959,810$530,494$0$9,758,109
78$20,736,985$399,763$0$10,615,679
79$22,690,496$257,689$0$11,558,923
80$24,838,172$103,562$0$12,596,647
81$27,199,659$0$0$13,738,565
82$29,796,599$0$0$15,017,007
83$32,652,838$0$0$16,462,136
84$35,794,648$0$0$18,051,940
85$39,250,976$0$0$19,801,090
86$43,053,716$0$0$21,725,750
87$47,238,009$0$0$23,843,732
88$51,842,573$0$0$26,174,659
89$56,910,070$0$0$28,740,156
90$62,487,509$0$0$31,564,047
91$68,626,683$0$0$34,672,585
92$75,384,664$0$0$38,094,698
93$82,824,339$0$0$41,862,260
94$91,014,999$0$0$46,010,393
95$100,032,998$0$0$50,577,799
96$109,962,468$0$0$55,607,122
97$120,896,117$0$0$61,145,353
98$132,936,098$0$0$67,244,272
99$146,194,978$0$0$73,960,937
100$160,796,794$0$0$81,358,221