Can I retire at age 45 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$121,391$120,310$119,255$118,225$117,220$113,332
2 years$60,095$58,975$57,891$56,839$55,819$51,939
3 years$39,665$38,541$37,459$36,417$35,414$31,665
4 years$29,452$28,332$27,261$26,237$25,257$21,667
5 years$23,326$22,212$21,155$20,152$19,200$15,779
6 years$19,244$18,138$17,097$16,116$15,193$11,943
7 years$16,329$15,232$14,207$13,250$12,356$9,277
8 years$14,143$13,057$12,049$11,115$10,250$7,340
9 years$12,444$11,368$10,378$9,467$8,632$5,887
10 years$11,086$10,021$9,048$8,161$7,355$4,771
11 years$9,976$8,921$7,965$7,103$6,326$3,898
12 years$9,051$8,007$7,069$6,230$5,482$3,204
13 years$8,269$7,236$6,316$5,500$4,780$2,648
14 years$7,599$6,577$5,675$4,882$4,190$2,196
15 years$7,020$6,008$5,124$4,354$3,689$1,828
16 years$6,513$5,513$4,645$3,899$3,261$1,526
17 years$6,066$5,077$4,227$3,503$2,891$1,276
18 years$5,669$4,691$3,859$3,157$2,571$1,070
19 years$5,315$4,348$3,532$2,852$2,291$898
20 years$4,996$4,040$3,242$2,583$2,047$755
21 years$4,708$3,763$2,982$2,345$1,831$635
22 years$4,447$3,513$2,748$2,132$1,642$535
23 years$4,208$3,286$2,538$1,942$1,474$450
24 years$3,990$3,078$2,347$1,771$1,325$380
25 years$3,790$2,889$2,174$1,617$1,192$320
26 years$3,605$2,715$2,016$1,479$1,074$270
27 years$3,435$2,555$1,872$1,353$968$228
28 years$3,276$2,408$1,740$1,240$873$193
29 years$3,129$2,271$1,619$1,137$789$163
30 years$2,992$2,145$1,508$1,044$713$138
31 years$2,864$2,028$1,406$958$644$116
32 years$2,745$1,919$1,312$881$583$98
33 years$2,633$1,817$1,225$810$527$83
34 years$2,527$1,722$1,145$745$478$70
35 years$2,428$1,633$1,070$686$433$59
36 years$2,335$1,550$1,001$632$392$50
37 years$2,247$1,473$937$582$355$43
38 years$2,163$1,399$877$537$322$36
39 years$2,084$1,331$822$495$292$30
40 years$2,010$1,266$771$456$265$26
41 years$1,939$1,205$723$421$240$22
42 years$1,872$1,148$678$389$218$18
43 years$1,808$1,094$636$359$198$16
44 years$1,747$1,042$597$331$180$13
45 years$1,689$994$561$306$163$11
46 years$1,633$948$526$283$148$9
47 years$1,580$905$495$261$134$8
48 years$1,530$864$465$241$122$7
49 years$1,481$825$437$223$111$6
50 years$1,435$788$411$206$101$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,470,000, adding $4,753 every year, while hoping to spend $38,603 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: 63/11/26 Blend
44$1,470,000$1,470,000$1,470,000$1,470,000
45$1,624,843$1,546,933$1,524,148$1,715,733
46$1,749,503$1,581,659$1,534,133$1,812,573
47$1,885,586$1,616,793$1,543,160$1,913,631
48$2,034,214$1,652,315$1,551,154$2,023,169
49$2,196,625$1,688,200$1,558,039$2,142,023
50$2,374,183$1,724,423$1,563,735$2,271,116
51$2,568,386$1,760,957$1,568,158$2,411,463
52$2,780,888$1,797,770$1,571,217$2,564,183
53$3,013,507$1,834,829$1,572,821$2,730,509
54$3,268,245$1,872,096$1,572,871$2,911,803
55$3,547,308$1,909,530$1,571,264$3,109,564
56$3,853,125$1,947,089$1,567,893$3,325,442
57$4,188,371$1,984,724$1,562,645$3,561,261
58$4,555,993$2,022,383$1,555,401$3,819,028
59$4,959,234$2,060,011$1,546,038$4,100,955
60$5,401,670$2,097,545$1,534,424$4,409,483
61$5,887,238$2,134,922$1,520,424$4,747,301
62$6,420,273$2,172,070$1,503,895$5,117,372
63$7,005,552$2,208,913$1,484,687$5,522,964
64$7,648,338$2,245,369$1,462,644$5,967,680
65$8,354,427$2,281,351$1,437,601$6,455,489
66$9,130,205$2,316,763$1,409,387$6,990,769
67$9,982,706$2,351,505$1,377,822$7,578,342
68$10,919,681$2,385,468$1,342,718$8,223,526
69$11,949,668$2,418,535$1,303,878$8,932,185
70$13,082,073$2,450,582$1,261,097$9,710,777
71$14,327,260$2,481,476$1,214,159$10,566,426
72$15,696,646$2,511,074$1,162,839$11,506,982
73$17,202,812$2,539,225$1,106,903$12,541,097
74$18,859,618$2,565,766$1,046,103$13,678,311
75$20,682,335$2,590,525$980,183$14,929,135
76$22,687,789$2,613,316$908,875$16,305,159
77$24,894,518$2,633,943$831,897$17,819,156
78$27,322,950$2,652,197$748,957$19,485,204
79$29,995,592$2,667,856$659,747$21,318,820
80$32,937,242$2,680,681$563,949$23,337,111
81$36,175,227$2,690,420$461,227$25,558,927
82$39,739,656$2,696,806$351,234$28,005,048
83$43,663,704$2,699,554$233,604$30,698,376
84$47,983,930$2,698,360$107,958$33,664,155
85$52,740,615$2,692,903$0$36,930,208
86$57,978,144$2,682,842$0$40,534,447
87$63,745,428$2,667,815$0$44,535,856
88$70,096,361$2,647,437$0$48,941,825
89$77,090,329$2,621,300$0$53,793,535
90$84,792,772$2,588,974$0$59,136,369
91$93,275,800$2,549,999$0$65,020,335
92$102,618,874$2,503,891$0$71,500,542
93$112,909,552$2,450,135$0$78,637,720
94$124,244,322$2,388,187$0$86,498,791
95$136,729,505$2,317,470$0$95,157,503
96$150,482,262$2,237,374$0$104,695,125
97$165,631,702$2,147,254$0$115,201,214
98$182,320,091$2,046,425$0$126,774,463
99$200,704,206$1,934,166$0$139,523,630
100$220,956,806$1,809,711$0$153,568,565