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%16.1%
1 years$118,914$117,855$116,821$115,813$114,828$111,961
2 years$58,868$57,772$56,709$55,679$54,680$51,810
3 years$38,856$37,755$36,695$35,674$34,691$31,907
4 years$28,851$27,754$26,704$25,701$24,742$22,066
5 years$22,850$21,759$20,724$19,741$18,808$16,248
6 years$18,851$17,768$16,748$15,787$14,883$12,440
7 years$15,995$14,922$13,917$12,979$12,103$9,779
8 years$13,855$12,791$11,803$10,888$10,041$7,834
9 years$12,191$11,136$10,166$9,274$8,456$6,364
10 years$10,860$9,816$8,863$7,994$7,205$5,225
11 years$9,772$8,739$7,803$6,958$6,196$4,327
12 years$8,866$7,843$6,925$6,103$5,370$3,607
13 years$8,100$7,088$6,187$5,388$4,683$3,023
14 years$7,444$6,443$5,559$4,783$4,105$2,544
15 years$6,876$5,886$5,019$4,265$3,614$2,149
16 years$6,380$5,400$4,550$3,819$3,194$1,821
17 years$5,942$4,973$4,141$3,431$2,832$1,547
18 years$5,554$4,596$3,780$3,092$2,518$1,317
19 years$5,206$4,259$3,460$2,794$2,245$1,123
20 years$4,894$3,958$3,176$2,531$2,005$959
21 years$4,612$3,687$2,921$2,297$1,794$820
22 years$4,356$3,441$2,692$2,088$1,608$702
23 years$4,123$3,218$2,486$1,902$1,444$601
24 years$3,909$3,016$2,299$1,735$1,298$515
25 years$3,713$2,830$2,129$1,584$1,168$442
26 years$3,532$2,660$1,975$1,448$1,052$380
27 years$3,364$2,503$1,834$1,326$948$326
28 years$3,209$2,359$1,705$1,215$856$280
29 years$3,065$2,225$1,586$1,114$773$241
30 years$2,931$2,101$1,478$1,022$698$207
31 years$2,806$1,986$1,378$939$631$178
32 years$2,689$1,880$1,285$863$571$153
33 years$2,579$1,780$1,200$794$517$132
34 years$2,476$1,687$1,121$730$468$113
35 years$2,379$1,600$1,048$672$424$98
36 years$2,287$1,519$981$619$384$84
37 years$2,201$1,442$918$570$348$72
38 years$2,119$1,371$860$526$315$62
39 years$2,042$1,304$805$485$286$54
40 years$1,969$1,240$755$447$259$46
41 years$1,899$1,181$708$412$235$40
42 years$1,833$1,124$664$381$214$34
43 years$1,771$1,071$623$351$194$29
44 years$1,711$1,021$585$324$176$25
45 years$1,654$974$549$300$160$22
46 years$1,600$929$516$277$145$19
47 years$1,548$886$485$256$132$16
48 years$1,499$846$455$236$120$14
49 years$1,451$808$428$218$109$12
50 years$1,406$772$402$202$99$10

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 $5,861 every year, while hoping to spend $58,213 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: 63/23/14 Blend
44$1,440,000$1,440,000$1,440,000$1,440,000
45$1,592,926$1,516,606$1,494,286$1,687,539
46$1,693,466$1,528,981$1,482,406$1,764,061
47$1,802,310$1,540,012$1,468,177$1,840,386
48$1,920,244$1,549,571$1,451,460$1,922,312
49$2,048,131$1,557,522$1,432,106$2,010,384
50$2,186,922$1,563,722$1,409,962$2,105,204
51$2,337,660$1,568,016$1,384,868$2,207,438
52$2,501,495$1,570,243$1,356,656$2,317,820
53$2,679,692$1,570,229$1,325,147$2,437,161
54$2,873,640$1,567,790$1,290,160$2,566,355
55$3,084,871$1,562,731$1,251,499$2,706,390
56$3,315,068$1,554,845$1,208,965$2,858,357
57$3,566,084$1,543,912$1,162,344$3,023,458
58$3,839,960$1,529,699$1,111,418$3,203,021
59$4,138,940$1,511,959$1,055,955$3,398,513
60$4,465,497$1,490,429$995,714$3,611,552
61$4,822,350$1,464,833$930,444$3,843,923
62$5,212,496$1,434,876$859,879$4,097,597
63$5,639,232$1,400,246$783,747$4,374,749
64$6,106,189$1,360,614$701,758$4,677,779
65$6,617,367$1,315,630$613,613$5,009,336
66$7,177,167$1,264,925$518,998$5,372,342
67$7,790,440$1,208,108$417,586$5,770,021
68$8,462,523$1,144,764$309,034$6,205,933
69$9,199,300$1,074,456$192,985$6,684,003
70$10,007,245$996,722$69,068$7,208,562
71$10,893,495$911,071$0$7,784,389
72$11,865,905$816,988$0$8,426,194
73$12,933,131$713,924$0$9,141,979
74$14,104,707$601,303$0$9,927,894
75$15,391,134$478,513$0$10,791,084
76$16,803,981$344,911$0$11,739,423
77$18,355,990$199,816$0$12,781,596
78$20,061,202$42,508$0$13,927,173
79$21,935,083$0$0$15,186,711
80$23,994,669$0$0$16,604,181
81$26,258,733$0$0$18,174,317
82$28,747,954$0$0$19,900,718
83$31,485,117$0$0$21,799,199
84$34,495,324$0$0$23,887,186
85$37,806,232$0$0$26,183,879
86$41,448,313$0$0$28,710,430
87$45,455,141$0$0$31,490,148
88$49,863,706$0$0$34,548,711
89$54,714,767$0$0$37,914,414
90$60,053,234$0$0$41,618,434
91$65,928,586$0$0$45,695,122
92$72,395,348$0$0$50,182,327
93$79,513,593$0$0$55,121,756
94$87,349,518$0$0$60,559,362
95$95,976,061$0$0$66,545,783
96$105,473,595$0$0$73,136,814
97$115,930,678$0$0$80,393,936
98$127,444,894$0$0$88,384,895
99$140,123,774$0$0$97,184,342
100$154,085,803$0$0$106,874,533