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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$121,391$120,310$119,255$118,225$117,220$113,151
2 years$60,095$58,975$57,891$56,839$55,819$51,762
3 years$39,665$38,541$37,459$36,417$35,414$31,496
4 years$29,452$28,332$27,261$26,237$25,257$21,508
5 years$23,326$22,212$21,155$20,152$19,200$15,630
6 years$19,244$18,138$17,097$16,116$15,193$11,804
7 years$16,329$15,232$14,207$13,250$12,356$9,148
8 years$14,143$13,057$12,049$11,115$10,250$7,221
9 years$12,444$11,368$10,378$9,467$8,632$5,778
10 years$11,086$10,021$9,048$8,161$7,355$4,671
11 years$9,976$8,921$7,965$7,103$6,326$3,806
12 years$9,051$8,007$7,069$6,230$5,482$3,120
13 years$8,269$7,236$6,316$5,500$4,780$2,571
14 years$7,599$6,577$5,675$4,882$4,190$2,127
15 years$7,020$6,008$5,124$4,354$3,689$1,766
16 years$6,513$5,513$4,645$3,899$3,261$1,469
17 years$6,066$5,077$4,227$3,503$2,891$1,225
18 years$5,669$4,691$3,859$3,157$2,571$1,024
19 years$5,315$4,348$3,532$2,852$2,291$857
20 years$4,996$4,040$3,242$2,583$2,047$718
21 years$4,708$3,763$2,982$2,345$1,831$602
22 years$4,447$3,513$2,748$2,132$1,642$505
23 years$4,208$3,286$2,538$1,942$1,474$425
24 years$3,990$3,078$2,347$1,771$1,325$357
25 years$3,790$2,889$2,174$1,617$1,192$300
26 years$3,605$2,715$2,016$1,479$1,074$252
27 years$3,435$2,555$1,872$1,353$968$212
28 years$3,276$2,408$1,740$1,240$873$179
29 years$3,129$2,271$1,619$1,137$789$151
30 years$2,992$2,145$1,508$1,044$713$127
31 years$2,864$2,028$1,406$958$644$107
32 years$2,745$1,919$1,312$881$583$90
33 years$2,633$1,817$1,225$810$527$76
34 years$2,527$1,722$1,145$745$478$64
35 years$2,428$1,633$1,070$686$433$54
36 years$2,335$1,550$1,001$632$392$45
37 years$2,247$1,473$937$582$355$38
38 years$2,163$1,399$877$537$322$32
39 years$2,084$1,331$822$495$292$27
40 years$2,010$1,266$771$456$265$23
41 years$1,939$1,205$723$421$240$19
42 years$1,872$1,148$678$389$218$16
43 years$1,808$1,094$636$359$198$14
44 years$1,747$1,042$597$331$180$12
45 years$1,689$994$561$306$163$10
46 years$1,633$948$526$283$148$8
47 years$1,580$905$495$261$134$7
48 years$1,530$864$465$241$122$6
49 years$1,481$825$437$223$111$5
50 years$1,435$788$411$206$101$4

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 $5,058 every year, while hoping to spend $39,199 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: 41/34/25 Blend
44$1,470,000$1,470,000$1,470,000$1,470,000
45$1,625,157$1,547,247$1,524,462$1,679,654
46$1,749,216$1,581,355$1,533,824$1,753,427
47$1,884,615$1,615,820$1,542,186$1,829,144
48$2,032,469$1,650,619$1,549,473$1,910,332
49$2,194,007$1,685,725$1,555,606$1,997,517
50$2,370,579$1,721,109$1,560,503$2,091,278
51$2,563,675$1,756,740$1,564,076$2,192,253
52$2,774,932$1,792,583$1,566,235$2,301,147
53$3,006,155$1,828,600$1,566,884$2,418,737
54$3,259,331$1,864,749$1,565,922$2,545,881
55$3,536,646$1,900,985$1,563,245$2,683,522
56$3,840,511$1,937,260$1,558,740$2,832,705
57$4,173,579$1,973,522$1,552,294$2,994,578
58$4,538,771$2,009,712$1,543,783$3,170,412
59$4,939,307$2,045,769$1,533,081$3,361,605
60$5,378,732$2,081,627$1,520,055$3,569,701
61$5,860,950$2,117,214$1,504,564$3,796,402
62$6,390,262$2,152,453$1,486,462$4,043,587
63$6,971,406$2,187,260$1,465,596$4,313,326
64$7,609,601$2,221,547$1,441,804$4,607,906
65$8,310,596$2,255,219$1,414,920$4,929,846
66$9,080,723$2,288,171$1,384,767$5,281,926
67$9,926,961$2,320,296$1,351,161$5,667,211
68$10,856,996$2,351,475$1,313,909$6,089,083
69$11,879,294$2,381,582$1,272,810$6,551,271
70$13,003,186$2,410,484$1,227,653$7,057,887
71$14,238,950$2,438,036$1,178,218$7,613,469
72$15,597,908$2,464,085$1,124,274$8,223,017
73$17,092,538$2,488,468$1,065,580$8,892,049
74$18,736,585$2,511,011$1,001,885$9,626,648
75$20,545,193$2,531,528$932,926$10,433,523
76$22,535,051$2,549,820$858,426$11,320,071
77$24,724,542$2,565,678$778,100$12,294,452
78$27,133,926$2,578,876$691,646$13,365,659
79$29,785,522$2,589,177$598,752$14,543,613
80$32,703,925$2,596,326$499,090$15,839,250
81$35,916,234$2,600,055$392,318$17,264,630
82$39,452,309$2,600,076$278,080$18,833,050
83$43,345,050$2,596,086$156,002$20,559,172
84$47,630,713$2,587,762$25,695$22,459,160
85$52,349,243$2,574,760$0$24,550,836
86$57,544,660$2,556,718$0$26,884,089
87$63,265,467$2,533,248$0$29,459,624
88$69,565,111$2,503,944$0$32,294,580
89$76,502,486$2,468,370$0$35,415,411
90$84,142,487$2,426,068$0$38,851,274
91$92,556,626$2,376,550$0$42,634,304
92$101,823,702$2,319,302$0$46,799,920
93$112,030,549$2,253,777$0$51,387,160
94$123,272,850$2,179,397$0$56,439,047
95$135,656,044$2,095,551$0$62,003,002
96$149,296,319$2,001,592$0$68,131,290
97$164,321,708$1,896,834$0$74,881,512
98$180,873,297$1,780,554$0$82,317,155
99$199,106,558$1,651,985$0$90,508,189
100$219,192,813$1,510,319$0$99,531,732