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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$118,914$117,855$116,821$115,813$114,828$113,018
2 years$58,868$57,772$56,709$55,679$54,680$52,862
3 years$38,856$37,755$36,695$35,674$34,691$32,921
4 years$28,851$27,754$26,704$25,701$24,742$23,033
5 years$22,850$21,759$20,724$19,741$18,808$17,166
6 years$18,851$17,768$16,748$15,787$14,883$13,308
7 years$15,995$14,922$13,917$12,979$12,103$10,598
8 years$13,855$12,791$11,803$10,888$10,041$8,604
9 years$12,191$11,136$10,166$9,274$8,456$7,086
10 years$10,860$9,816$8,863$7,994$7,205$5,902
11 years$9,772$8,739$7,803$6,958$6,196$4,959
12 years$8,866$7,843$6,925$6,103$5,370$4,195
13 years$8,100$7,088$6,187$5,388$4,683$3,570
14 years$7,444$6,443$5,559$4,783$4,105$3,053
15 years$6,876$5,886$5,019$4,265$3,614$2,620
16 years$6,380$5,400$4,550$3,819$3,194$2,257
17 years$5,942$4,973$4,141$3,431$2,832$1,949
18 years$5,554$4,596$3,780$3,092$2,518$1,687
19 years$5,206$4,259$3,460$2,794$2,245$1,463
20 years$4,894$3,958$3,176$2,531$2,005$1,271
21 years$4,612$3,687$2,921$2,297$1,794$1,106
22 years$4,356$3,441$2,692$2,088$1,608$964
23 years$4,123$3,218$2,486$1,902$1,444$841
24 years$3,909$3,016$2,299$1,735$1,298$734
25 years$3,713$2,830$2,129$1,584$1,168$641
26 years$3,532$2,660$1,975$1,448$1,052$561
27 years$3,364$2,503$1,834$1,326$948$490
28 years$3,209$2,359$1,705$1,215$856$429
29 years$3,065$2,225$1,586$1,114$773$376
30 years$2,931$2,101$1,478$1,022$698$329
31 years$2,806$1,986$1,378$939$631$289
32 years$2,689$1,880$1,285$863$571$253
33 years$2,579$1,780$1,200$794$517$222
34 years$2,476$1,687$1,121$730$468$195
35 years$2,379$1,600$1,048$672$424$171
36 years$2,287$1,519$981$619$384$150
37 years$2,201$1,442$918$570$348$132
38 years$2,119$1,371$860$526$315$116
39 years$2,042$1,304$805$485$286$101
40 years$1,969$1,240$755$447$259$89
41 years$1,899$1,181$708$412$235$78
42 years$1,833$1,124$664$381$214$69
43 years$1,771$1,071$623$351$194$60
44 years$1,711$1,021$585$324$176$53
45 years$1,654$974$549$300$160$47
46 years$1,600$929$516$277$145$41
47 years$1,548$886$485$256$132$36
48 years$1,499$846$455$236$120$32
49 years$1,451$808$428$218$109$28
50 years$1,406$772$402$202$99$24

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 $3,501 every year, while hoping to spend $20,773 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: 56/24/20 Blend
44$1,440,000$1,440,000$1,440,000$1,440,000
45$1,590,491$1,514,171$1,491,851$1,670,824
46$1,730,619$1,566,263$1,519,726$1,778,120
47$1,884,344$1,620,212$1,547,838$1,892,432
48$2,053,030$1,676,085$1,576,174$2,016,510
49$2,238,182$1,733,956$1,604,719$2,151,296
50$2,441,455$1,793,898$1,633,455$2,297,829
51$2,664,673$1,855,990$1,662,366$2,457,249
52$2,909,847$1,920,310$1,691,433$2,630,813
53$3,179,190$1,986,944$1,720,634$2,819,906
54$3,475,141$2,055,978$1,749,949$3,026,048
55$3,800,387$2,127,502$1,779,354$3,250,915
56$4,157,887$2,201,611$1,808,823$3,496,355
57$4,550,903$2,278,401$1,838,330$3,764,396
58$4,983,028$2,357,975$1,867,846$4,057,277
59$5,458,219$2,440,438$1,897,341$4,377,461
60$5,980,837$2,525,900$1,926,782$4,727,659
61$6,555,688$2,614,474$1,956,135$5,110,859
62$7,188,065$2,706,280$1,985,362$5,530,350
63$7,883,801$2,801,441$2,014,425$5,989,754
64$8,649,322$2,900,085$2,043,282$6,493,061
65$9,491,710$3,002,347$2,071,889$7,044,665
66$10,418,766$3,108,363$2,100,199$7,649,408
67$11,439,087$3,218,280$2,128,163$8,312,619
68$12,562,146$3,332,248$2,155,728$9,040,172
69$13,798,379$3,450,423$2,182,839$9,838,536
70$15,159,288$3,572,967$2,209,438$10,714,837
71$16,657,543$3,700,050$2,235,462$11,676,925
72$18,307,109$3,831,849$2,260,847$12,733,448
73$20,123,371$3,968,547$2,285,522$13,893,933
74$22,123,283$4,110,334$2,309,415$15,168,875
75$24,325,527$4,257,410$2,332,450$16,569,838
76$26,750,689$4,409,981$2,354,545$18,109,562
77$29,421,452$4,568,262$2,375,615$19,802,081
78$32,362,811$4,732,479$2,395,570$21,662,858
79$35,602,311$4,902,863$2,414,314$23,708,931
80$39,170,303$5,079,660$2,431,750$25,959,070
81$43,100,231$5,263,120$2,447,771$28,433,958
82$47,428,951$5,453,509$2,462,267$31,156,382
83$52,197,073$5,651,100$2,475,123$34,151,449
84$57,449,351$5,856,181$2,486,215$37,446,825
85$63,235,098$6,069,047$2,495,417$41,072,989
86$69,608,658$6,290,010$2,502,594$45,063,530
87$76,629,914$6,519,394$2,507,603$49,455,455
88$84,364,855$6,757,534$2,510,298$54,289,540
89$92,886,199$7,004,781$2,510,521$59,610,719
90$102,274,078$7,261,502$2,508,110$65,468,500
91$112,616,795$7,528,077$2,502,893$71,917,438
92$124,011,658$7,804,903$2,494,690$79,017,647
93$136,565,898$8,092,394$2,483,313$86,835,365
94$150,397,680$8,390,981$2,468,564$95,443,584
95$165,637,218$8,701,114$2,450,236$104,922,731
96$182,428,006$9,023,261$2,428,111$115,361,434
97$200,928,173$9,357,911$2,401,963$126,857,351
98$221,311,970$9,705,572$2,371,552$139,518,098
99$243,771,423$10,066,777$2,336,631$153,462,258
100$268,518,136$10,442,078$2,296,937$168,820,503