Can I retire at age 45 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$118,914$117,855$116,821$115,813$114,828$113,487
2 years$58,868$57,772$56,709$55,679$54,680$53,330
3 years$38,856$37,755$36,695$35,674$34,691$33,375
4 years$28,851$27,754$26,704$25,701$24,742$23,469
5 years$22,850$21,759$20,724$19,741$18,808$17,582
6 years$18,851$17,768$16,748$15,787$14,883$13,705
7 years$15,995$14,922$13,917$12,979$12,103$10,975
8 years$13,855$12,791$11,803$10,888$10,041$8,961
9 years$12,191$11,136$10,166$9,274$8,456$7,425
10 years$10,860$9,816$8,863$7,994$7,205$6,221
11 years$9,772$8,739$7,803$6,958$6,196$5,260
12 years$8,866$7,843$6,925$6,103$5,370$4,479
13 years$8,100$7,088$6,187$5,388$4,683$3,836
14 years$7,444$6,443$5,559$4,783$4,105$3,302
15 years$6,876$5,886$5,019$4,265$3,614$2,854
16 years$6,380$5,400$4,550$3,819$3,194$2,475
17 years$5,942$4,973$4,141$3,431$2,832$2,152
18 years$5,554$4,596$3,780$3,092$2,518$1,877
19 years$5,206$4,259$3,460$2,794$2,245$1,640
20 years$4,894$3,958$3,176$2,531$2,005$1,435
21 years$4,612$3,687$2,921$2,297$1,794$1,258
22 years$4,356$3,441$2,692$2,088$1,608$1,105
23 years$4,123$3,218$2,486$1,902$1,444$971
24 years$3,909$3,016$2,299$1,735$1,298$854
25 years$3,713$2,830$2,129$1,584$1,168$752
26 years$3,532$2,660$1,975$1,448$1,052$663
27 years$3,364$2,503$1,834$1,326$948$585
28 years$3,209$2,359$1,705$1,215$856$516
29 years$3,065$2,225$1,586$1,114$773$456
30 years$2,931$2,101$1,478$1,022$698$402
31 years$2,806$1,986$1,378$939$631$356
32 years$2,689$1,880$1,285$863$571$314
33 years$2,579$1,780$1,200$794$517$278
34 years$2,476$1,687$1,121$730$468$246
35 years$2,379$1,600$1,048$672$424$218
36 years$2,287$1,519$981$619$384$193
37 years$2,201$1,442$918$570$348$171
38 years$2,119$1,371$860$526$315$151
39 years$2,042$1,304$805$485$286$134
40 years$1,969$1,240$755$447$259$118
41 years$1,899$1,181$708$412$235$105
42 years$1,833$1,124$664$381$214$93
43 years$1,771$1,071$623$351$194$82
44 years$1,711$1,021$585$324$176$73
45 years$1,654$974$549$300$160$65
46 years$1,600$929$516$277$145$57
47 years$1,548$886$485$256$132$51
48 years$1,499$846$455$236$120$45
49 years$1,451$808$428$218$109$40
50 years$1,406$772$402$202$99$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,440,000, adding $4,220 every year, while hoping to spend $54,303 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: 65/7/28 Blend
44$1,440,000$1,440,000$1,440,000$1,440,000
45$1,591,233$1,514,913$1,492,593$1,682,622
46$1,695,761$1,531,366$1,484,817$1,761,369
47$1,809,130$1,546,805$1,474,960$1,841,001
48$1,932,186$1,561,123$1,462,896$1,926,854
49$2,065,858$1,574,206$1,448,491$2,019,549
50$2,211,166$1,585,933$1,431,606$2,119,766
51$2,369,235$1,596,174$1,412,096$2,228,260
52$2,541,302$1,604,791$1,389,806$2,345,862
53$2,728,728$1,611,639$1,364,577$2,473,491
54$2,933,009$1,616,561$1,336,242$2,612,158
55$3,155,795$1,619,391$1,304,625$2,762,983
56$3,398,899$1,619,955$1,269,543$2,927,198
57$3,664,318$1,618,063$1,230,804$3,106,165
58$3,954,250$1,613,520$1,188,207$3,301,385
59$4,271,114$1,606,113$1,141,543$3,514,516
60$4,617,575$1,595,619$1,090,591$3,747,387
61$4,996,565$1,581,802$1,035,123$4,002,013
62$5,411,313$1,564,409$974,899$4,280,622
63$5,865,377$1,543,175$909,668$4,585,669
64$6,362,672$1,517,817$839,168$4,919,862
65$6,907,510$1,488,036$763,126$5,286,189
66$7,504,641$1,453,514$681,255$5,687,947
67$8,159,295$1,413,917$593,258$6,128,771
68$8,877,232$1,368,888$498,822$6,612,671
69$9,664,799$1,318,053$397,621$7,144,072
70$10,528,983$1,261,012$289,316$7,727,851
71$11,477,483$1,197,345$173,552$8,369,389
72$12,518,778$1,126,607$49,957$9,074,622
73$13,662,208$1,048,326$0$9,850,092
74$14,918,064$962,004$0$10,727,497
75$16,297,680$867,116$0$11,707,837
76$17,813,543$763,104$0$12,785,071
77$19,479,409$649,381$0$13,969,010
78$21,310,433$525,325$0$15,270,462
79$23,323,312$390,280$0$16,701,338
80$25,536,439$243,554$0$18,274,762
81$27,970,082$84,414$0$20,005,196
82$30,646,567$0$0$21,908,575
83$33,590,494$0$0$24,009,232
84$36,828,969$0$0$26,327,324
85$40,391,854$0$0$28,877,741
86$44,312,053$0$0$31,684,048
87$48,625,819$0$0$34,772,214
88$53,373,098$0$0$38,170,848
89$58,597,904$0$0$41,911,477
90$64,348,734$0$0$46,028,838
91$70,679,025$0$0$50,561,204
92$77,647,657$0$0$55,550,750
93$85,319,509$0$0$61,043,948
94$93,766,072$0$0$67,092,003
95$103,066,120$0$0$73,751,339
96$113,306,454$0$0$81,084,130
97$124,582,721$0$0$89,158,886
98$137,000,316$0$0$98,051,098
99$150,675,375$0$0$107,843,953
100$165,735,873$0$0$118,629,115