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%19.1%
1 years$118,914$117,855$116,821$115,813$114,828$110,621
2 years$58,868$57,772$56,709$55,679$54,680$50,489
3 years$38,856$37,755$36,695$35,674$34,691$30,647
4 years$28,851$27,754$26,704$25,701$24,742$20,876
5 years$22,850$21,759$20,724$19,741$18,808$15,131
6 years$18,851$17,768$16,748$15,787$14,883$11,396
7 years$15,995$14,922$13,917$12,979$12,103$8,806
8 years$13,855$12,791$11,803$10,888$10,041$6,931
9 years$12,191$11,136$10,166$9,274$8,456$5,529
10 years$10,860$9,816$8,863$7,994$7,205$4,455
11 years$9,772$8,739$7,803$6,958$6,196$3,618
12 years$8,866$7,843$6,925$6,103$5,370$2,957
13 years$8,100$7,088$6,187$5,388$4,683$2,428
14 years$7,444$6,443$5,559$4,783$4,105$2,002
15 years$6,876$5,886$5,019$4,265$3,614$1,656
16 years$6,380$5,400$4,550$3,819$3,194$1,373
17 years$5,942$4,973$4,141$3,431$2,832$1,141
18 years$5,554$4,596$3,780$3,092$2,518$950
19 years$5,206$4,259$3,460$2,794$2,245$792
20 years$4,894$3,958$3,176$2,531$2,005$661
21 years$4,612$3,687$2,921$2,297$1,794$552
22 years$4,356$3,441$2,692$2,088$1,608$462
23 years$4,123$3,218$2,486$1,902$1,444$386
24 years$3,909$3,016$2,299$1,735$1,298$323
25 years$3,713$2,830$2,129$1,584$1,168$271
26 years$3,532$2,660$1,975$1,448$1,052$227
27 years$3,364$2,503$1,834$1,326$948$190
28 years$3,209$2,359$1,705$1,215$856$159
29 years$3,065$2,225$1,586$1,114$773$134
30 years$2,931$2,101$1,478$1,022$698$112
31 years$2,806$1,986$1,378$939$631$94
32 years$2,689$1,880$1,285$863$571$79
33 years$2,579$1,780$1,200$794$517$66
34 years$2,476$1,687$1,121$730$468$56
35 years$2,379$1,600$1,048$672$424$47
36 years$2,287$1,519$981$619$384$39
37 years$2,201$1,442$918$570$348$33
38 years$2,119$1,371$860$526$315$28
39 years$2,042$1,304$805$485$286$23
40 years$1,969$1,240$755$447$259$19
41 years$1,899$1,181$708$412$235$16
42 years$1,833$1,124$664$381$214$14
43 years$1,771$1,071$623$351$194$12
44 years$1,711$1,021$585$324$176$10
45 years$1,654$974$549$300$160$8
46 years$1,600$929$516$277$145$7
47 years$1,548$886$485$256$132$6
48 years$1,499$846$455$236$120$5
49 years$1,451$808$428$218$109$4
50 years$1,406$772$402$202$99$3

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 $6,704 every year, while hoping to spend $20,746 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: 53/25/22 Blend
44$1,440,000$1,440,000$1,440,000$1,440,000
45$1,593,795$1,517,475$1,495,155$1,668,274
46$1,734,289$1,569,758$1,523,169$1,772,547
47$1,888,417$1,623,907$1,551,427$1,883,244
48$2,057,550$1,679,992$1,579,913$2,003,266
49$2,243,194$1,738,086$1,608,614$2,133,508
50$2,447,011$1,798,263$1,637,514$2,274,958
51$2,670,829$1,860,602$1,666,594$2,428,700
52$2,916,666$1,925,183$1,695,837$2,595,929
53$3,186,740$1,992,092$1,725,222$2,777,958
54$3,483,498$2,061,415$1,754,727$2,976,235
55$3,809,634$2,133,243$1,784,330$3,192,351
56$4,168,117$2,207,672$1,814,005$3,428,060
57$4,562,217$2,284,800$1,843,726$3,685,293
58$4,995,537$2,364,729$1,873,465$3,966,173
59$5,472,047$2,447,566$1,903,191$4,273,040
60$5,996,120$2,533,421$1,932,873$4,608,471
61$6,572,575$2,622,410$1,962,475$4,975,303
62$7,206,722$2,714,652$1,991,962$5,376,659
63$7,904,409$2,810,272$2,021,295$5,815,980
64$8,672,083$2,909,399$2,050,432$6,297,056
65$9,516,844$3,012,168$2,079,330$6,824,058
66$10,446,517$3,118,720$2,107,943$7,401,584
67$11,469,725$3,229,199$2,136,221$8,034,697
68$12,595,965$3,343,759$2,164,113$8,728,972
69$13,835,707$3,462,556$2,191,564$9,490,553
70$15,200,483$3,585,755$2,218,516$10,326,206
71$16,703,002$3,713,528$2,244,906$11,243,384
72$18,357,269$3,846,051$2,270,671$12,250,299
73$20,178,714$3,983,511$2,295,742$13,355,996
74$22,184,340$4,126,100$2,320,046$14,570,440
75$24,392,882$4,274,019$2,343,508$15,904,610
76$26,824,987$4,427,477$2,366,046$17,370,599
77$29,503,404$4,586,691$2,387,576$18,981,734
78$32,453,200$4,751,888$2,408,009$20,752,695
79$35,701,999$4,923,303$2,427,251$22,699,656
80$39,280,242$5,101,184$2,445,202$24,840,437
81$43,221,469$5,285,784$2,461,759$27,194,673
82$47,562,642$5,477,371$2,476,811$29,783,997
83$52,344,492$5,676,222$2,490,244$32,632,244
84$57,611,899$5,882,627$2,501,937$35,765,675
85$63,414,323$6,096,885$2,511,762$39,213,229
86$69,806,264$6,319,312$2,519,585$43,006,787
87$76,847,778$6,550,234$2,525,267$47,181,482
88$84,605,046$6,789,991$2,528,659$51,776,023
89$93,150,999$7,038,938$2,529,606$56,833,062
90$102,565,999$7,297,444$2,527,947$62,399,598
91$112,938,609$7,565,897$2,523,510$68,527,417
92$124,366,417$7,844,695$2,516,118$75,273,584
93$136,956,965$8,134,260$2,505,582$82,700,976
94$150,828,763$8,435,025$2,491,706$90,878,879
95$166,112,403$8,747,448$2,474,284$99,883,640
96$182,951,796$9,072,001$2,453,101$109,799,388
97$201,505,529$9,409,178$2,427,929$120,718,824
98$221,948,360$9,759,496$2,398,533$132,744,100
99$244,472,873$10,123,491$2,364,664$145,987,781
100$269,291,288$10,501,724$2,326,062$160,573,905