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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$117,262$116,218$115,199$114,204$113,233$110,406
2 years$58,051$56,969$55,922$54,906$53,920$51,090
3 years$38,316$37,230$36,185$35,179$34,209$31,464
4 years$28,451$27,368$26,333$25,344$24,398$21,760
5 years$22,533$21,457$20,436$19,467$18,547$16,022
6 years$18,589$17,521$16,515$15,568$14,676$12,267
7 years$15,773$14,714$13,724$12,799$11,935$9,643
8 years$13,662$12,613$11,639$10,737$9,902$7,725
9 years$12,021$10,982$10,025$9,145$8,339$6,275
10 years$10,709$9,680$8,740$7,883$7,105$5,153
11 years$9,636$8,617$7,694$6,861$6,110$4,267
12 years$8,743$7,735$6,829$6,018$5,295$3,557
13 years$7,988$6,990$6,101$5,313$4,617$2,981
14 years$7,341$6,354$5,482$4,716$4,048$2,509
15 years$6,781$5,804$4,949$4,206$3,564$2,120
16 years$6,291$5,325$4,487$3,766$3,150$1,796
17 years$5,860$4,904$4,083$3,384$2,793$1,526
18 years$5,476$4,532$3,727$3,049$2,483$1,299
19 years$5,134$4,200$3,412$2,755$2,213$1,107
20 years$4,826$3,903$3,132$2,496$1,977$946
21 years$4,548$3,635$2,880$2,265$1,769$808
22 years$4,295$3,393$2,655$2,059$1,586$692
23 years$4,065$3,174$2,451$1,875$1,424$593
24 years$3,855$2,974$2,267$1,711$1,280$508
25 years$3,661$2,791$2,100$1,562$1,151$436
26 years$3,483$2,623$1,947$1,428$1,037$374
27 years$3,318$2,468$1,808$1,307$935$321
28 years$3,165$2,326$1,681$1,198$844$276
29 years$3,023$2,194$1,564$1,098$762$237
30 years$2,891$2,072$1,457$1,008$688$204
31 years$2,767$1,959$1,358$926$622$176
32 years$2,651$1,854$1,267$851$563$151
33 years$2,543$1,755$1,183$782$509$130
34 years$2,441$1,664$1,106$720$461$112
35 years$2,346$1,578$1,034$663$418$96
36 years$2,255$1,498$967$610$379$83
37 years$2,170$1,422$905$562$343$71
38 years$2,090$1,352$848$518$311$61
39 years$2,014$1,285$794$478$282$53
40 years$1,941$1,223$744$441$256$45
41 years$1,873$1,164$698$407$232$39
42 years$1,808$1,109$655$375$211$34
43 years$1,746$1,056$614$347$191$29
44 years$1,687$1,007$577$320$173$25
45 years$1,631$960$541$295$158$22
46 years$1,578$916$509$273$143$19
47 years$1,527$874$478$252$130$16
48 years$1,478$835$449$233$118$14
49 years$1,431$797$422$215$107$12
50 years$1,386$761$397$199$97$10

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 $2,218 every year, while hoping to spend $34,576 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: 68/25/7 Blend
44$1,420,000$1,420,000$1,420,000$1,420,000
45$1,567,128$1,491,868$1,469,858$1,671,730
46$1,690,186$1,528,181$1,482,310$1,777,650
47$1,824,638$1,565,114$1,494,019$1,889,033
48$1,971,608$1,602,662$1,504,926$2,009,903
49$2,132,336$1,640,817$1,514,966$2,141,182
50$2,308,187$1,679,569$1,524,069$2,283,885
51$2,500,663$1,718,908$1,532,166$2,439,132
52$2,711,418$1,758,822$1,539,181$2,608,151
53$2,942,274$1,799,296$1,545,035$2,792,300
54$3,195,237$1,840,313$1,549,645$2,993,072
55$3,472,518$1,881,855$1,552,925$3,212,112
56$3,776,549$1,923,900$1,554,782$3,451,230
57$4,110,011$1,966,425$1,555,122$3,712,423
58$4,475,856$2,009,405$1,553,842$3,997,888
59$4,877,337$2,052,808$1,550,839$4,310,048
60$5,318,034$2,096,605$1,546,001$4,651,570
61$5,801,893$2,140,758$1,539,211$5,025,393
62$6,333,260$2,185,229$1,530,349$5,434,755
63$6,916,924$2,229,977$1,519,287$5,883,223
64$7,558,158$2,274,953$1,505,891$6,374,729
65$8,262,772$2,320,108$1,490,021$6,913,603
66$9,037,168$2,365,387$1,471,530$7,504,616
67$9,888,398$2,410,730$1,450,265$8,153,027
68$10,824,231$2,456,071$1,426,064$8,864,629
69$11,853,226$2,501,342$1,398,761$9,645,806
70$12,984,813$2,546,466$1,368,178$10,503,593
71$14,229,383$2,591,362$1,334,130$11,445,739
72$15,598,382$2,635,941$1,296,426$12,480,787
73$17,104,424$2,680,109$1,254,864$13,618,149
74$18,761,406$2,723,765$1,209,232$14,868,196
75$20,584,637$2,766,797$1,159,309$16,242,359
76$22,590,990$2,809,090$1,104,866$17,753,231
77$24,799,052$2,850,517$1,045,660$19,414,692
78$27,229,306$2,890,942$981,440$21,242,037
79$29,904,319$2,930,223$911,942$23,252,121
80$32,848,959$2,968,203$836,892$25,463,518
81$36,090,626$3,004,718$756,000$27,896,696
82$39,659,511$3,039,590$668,968$30,574,213
83$43,588,883$3,072,633$575,481$33,520,927
84$47,915,401$3,103,643$475,211$36,764,231
85$52,679,458$3,132,407$367,816$40,334,315
86$57,925,564$3,158,697$252,939$44,264,447
87$63,702,766$3,182,267$130,207$48,591,289
88$70,065,110$3,202,860$0$53,355,247
89$77,072,149$3,220,199$0$58,600,904
90$84,789,510$3,233,989$0$64,387,652
91$93,289,505$3,243,920$0$70,759,866
92$102,651,820$3,249,658$0$77,777,170
93$112,964,266$3,250,851$0$85,505,273
94$124,323,603$3,247,125$0$94,016,586
95$136,836,457$3,238,081$0$103,390,906
96$150,620,325$3,223,296$0$113,716,170
97$165,804,684$3,202,324$0$125,089,285
98$182,532,213$3,174,688$0$137,617,043
99$200,960,135$3,139,885$0$151,417,132
100$221,261,710$3,097,380$0$166,619,242