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%13.1%
1 years$118,914$117,855$116,821$115,813$114,828$113,346
2 years$58,868$57,772$56,709$55,679$54,680$53,189
3 years$38,856$37,755$36,695$35,674$34,691$33,238
4 years$28,851$27,754$26,704$25,701$24,742$23,337
5 years$22,850$21,759$20,724$19,741$18,808$17,456
6 years$18,851$17,768$16,748$15,787$14,883$13,585
7 years$15,995$14,922$13,917$12,979$12,103$10,860
8 years$13,855$12,791$11,803$10,888$10,041$8,852
9 years$12,191$11,136$10,166$9,274$8,456$7,321
10 years$10,860$9,816$8,863$7,994$7,205$6,124
11 years$9,772$8,739$7,803$6,958$6,196$5,168
12 years$8,866$7,843$6,925$6,103$5,370$4,392
13 years$8,100$7,088$6,187$5,388$4,683$3,755
14 years$7,444$6,443$5,559$4,783$4,105$3,225
15 years$6,876$5,886$5,019$4,265$3,614$2,782
16 years$6,380$5,400$4,550$3,819$3,194$2,407
17 years$5,942$4,973$4,141$3,431$2,832$2,089
18 years$5,554$4,596$3,780$3,092$2,518$1,818
19 years$5,206$4,259$3,460$2,794$2,245$1,585
20 years$4,894$3,958$3,176$2,531$2,005$1,384
21 years$4,612$3,687$2,921$2,297$1,794$1,211
22 years$4,356$3,441$2,692$2,088$1,608$1,060
23 years$4,123$3,218$2,486$1,902$1,444$930
24 years$3,909$3,016$2,299$1,735$1,298$816
25 years$3,713$2,830$2,129$1,584$1,168$717
26 years$3,532$2,660$1,975$1,448$1,052$631
27 years$3,364$2,503$1,834$1,326$948$555
28 years$3,209$2,359$1,705$1,215$856$488
29 years$3,065$2,225$1,586$1,114$773$430
30 years$2,931$2,101$1,478$1,022$698$379
31 years$2,806$1,986$1,378$939$631$334
32 years$2,689$1,880$1,285$863$571$295
33 years$2,579$1,780$1,200$794$517$260
34 years$2,476$1,687$1,121$730$468$229
35 years$2,379$1,600$1,048$672$424$202
36 years$2,287$1,519$981$619$384$179
37 years$2,201$1,442$918$570$348$158
38 years$2,119$1,371$860$526$315$139
39 years$2,042$1,304$805$485$286$123
40 years$1,969$1,240$755$447$259$109
41 years$1,899$1,181$708$412$235$96
42 years$1,833$1,124$664$381$214$85
43 years$1,771$1,071$623$351$194$75
44 years$1,711$1,021$585$324$176$66
45 years$1,654$974$549$300$160$59
46 years$1,600$929$516$277$145$52
47 years$1,548$886$485$256$132$46
48 years$1,499$846$455$236$120$40
49 years$1,451$808$428$218$109$36
50 years$1,406$772$402$202$99$32

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 $5,917 every year, while hoping to spend $42,650 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: 57/24/19 Blend
44$1,440,000$1,440,000$1,440,000$1,440,000
45$1,592,983$1,516,663$1,494,343$1,675,423
46$1,710,088$1,545,601$1,499,025$1,761,112
47$1,837,709$1,574,526$1,502,433$1,849,336
48$1,976,872$1,603,395$1,504,482$1,944,533
49$2,128,709$1,632,157$1,505,078$2,047,382
50$2,294,464$1,660,760$1,504,125$2,158,633
51$2,475,508$1,689,146$1,501,522$2,279,113
52$2,673,350$1,717,254$1,497,162$2,409,733
53$2,889,649$1,745,017$1,490,935$2,551,497
54$3,126,235$1,772,365$1,482,723$2,705,514
55$3,385,121$1,799,220$1,472,404$2,873,005
56$3,668,523$1,825,502$1,459,850$3,055,317
57$3,978,883$1,851,122$1,444,925$3,253,935
58$4,318,890$1,875,988$1,427,491$3,470,496
59$4,691,503$1,899,997$1,407,398$3,706,807
60$5,099,983$1,923,044$1,384,493$3,964,857
61$5,547,921$1,945,014$1,358,614$4,246,843
62$6,039,273$1,965,784$1,329,591$4,555,185
63$6,578,396$1,985,223$1,297,249$4,892,551
64$7,170,086$2,003,194$1,261,401$5,261,885
65$7,819,632$2,019,546$1,221,854$5,666,433
66$8,532,853$2,034,124$1,178,406$6,109,771
67$9,316,166$2,046,757$1,130,844$6,595,844
68$10,176,635$2,057,268$1,078,947$7,129,004
69$11,122,043$2,065,466$1,022,484$7,714,045
70$12,160,966$2,071,148$961,211$8,356,255
71$13,302,850$2,074,100$894,877$9,061,465
72$14,558,103$2,074,093$823,218$9,836,103
73$15,938,189$2,070,883$745,955$10,687,255
74$17,455,742$2,064,214$662,802$11,622,735
75$19,124,679$2,053,812$573,457$12,651,158
76$20,960,333$2,039,386$477,606$13,782,020
77$22,979,600$2,020,629$374,918$15,025,792
78$25,201,094$1,997,214$265,052$16,394,017
79$27,645,323$1,968,795$147,649$17,899,421
80$30,334,886$1,935,006$22,335$19,556,032
81$33,294,681$1,895,458$0$21,379,317
82$36,552,143$1,849,739$0$23,408,908
83$40,137,500$1,797,415$0$25,647,317
84$44,084,060$1,738,024$0$28,110,816
85$48,428,524$1,671,077$0$30,822,335
86$53,211,332$1,596,058$0$33,807,146
87$58,477,044$1,512,421$0$37,093,100
88$64,274,761$1,419,588$0$40,710,894
89$70,658,586$1,316,947$0$44,694,358
90$77,688,137$1,203,853$0$49,080,776
91$85,429,107$1,079,622$0$53,911,240
92$93,953,884$943,532$0$59,231,039
93$103,342,236$794,820$0$65,090,083
94$113,682,058$632,681$0$71,543,382
95$125,070,209$456,263$0$78,651,559
96$137,613,417$264,666$0$86,481,428
97$151,429,292$56,942$0$95,106,626
98$166,647,435$0$0$104,608,306
99$183,410,658$0$0$115,120,252
100$201,876,333$0$0$126,716,531