Can I retire at age 45 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$122,217$121,128$120,066$119,030$118,017$115,399
2 years$60,503$59,377$58,285$57,226$56,199$53,574
3 years$39,935$38,803$37,714$36,665$35,655$33,106
4 years$29,653$28,525$27,446$26,415$25,429$22,976
5 years$23,485$22,364$21,299$20,289$19,331$16,980
6 years$19,375$18,262$17,213$16,226$15,296$13,050
7 years$16,440$15,336$14,304$13,340$12,440$10,299
8 years$14,239$13,146$12,131$11,191$10,320$8,284
9 years$12,529$11,446$10,448$9,532$8,691$6,758
10 years$11,162$10,089$9,109$8,217$7,405$5,574
11 years$10,044$8,982$8,020$7,151$6,369$4,636
12 years$9,112$8,061$7,117$6,272$5,519$3,882
13 years$8,325$7,285$6,359$5,537$4,813$3,269
14 years$7,651$6,622$5,713$4,916$4,219$2,765
15 years$7,067$6,049$5,158$4,384$3,714$2,347
16 years$6,557$5,550$4,677$3,925$3,283$1,999
17 years$6,107$5,111$4,256$3,527$2,911$1,706
18 years$5,708$4,723$3,885$3,178$2,588$1,460
19 years$5,351$4,377$3,556$2,872$2,307$1,251
20 years$5,030$4,068$3,264$2,601$2,061$1,074
21 years$4,740$3,789$3,002$2,361$1,844$923
22 years$4,477$3,537$2,767$2,146$1,653$795
23 years$4,237$3,308$2,555$1,955$1,484$685
24 years$4,017$3,099$2,363$1,783$1,334$590
25 years$3,816$2,909$2,188$1,628$1,200$509
26 years$3,630$2,734$2,030$1,489$1,081$440
27 years$3,458$2,573$1,885$1,363$975$380
28 years$3,299$2,424$1,752$1,248$879$328
29 years$3,151$2,287$1,630$1,145$794$284
30 years$3,013$2,160$1,519$1,051$717$245
31 years$2,884$2,042$1,416$965$649$212
32 years$2,763$1,932$1,321$887$587$183
33 years$2,650$1,829$1,233$816$531$159
34 years$2,544$1,734$1,152$750$481$137
35 years$2,445$1,645$1,077$691$435$119
36 years$2,351$1,561$1,008$636$395$103
37 years$2,262$1,483$943$586$358$89
38 years$2,178$1,409$883$540$324$77
39 years$2,099$1,340$828$498$294$67
40 years$2,023$1,275$776$459$267$58
41 years$1,952$1,213$727$424$242$50
42 years$1,884$1,156$682$391$220$43
43 years$1,820$1,101$640$361$199$38
44 years$1,758$1,050$601$333$181$33
45 years$1,700$1,001$564$308$164$28
46 years$1,644$955$530$284$149$24
47 years$1,591$911$498$263$135$21
48 years$1,540$870$468$243$123$18
49 years$1,492$831$440$224$112$16
50 years$1,445$793$414$207$101$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,480,000, adding $3,535 every year, while hoping to spend $56,616 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: 63/29/8 Blend
44$1,480,000$1,480,000$1,480,000$1,480,000
45$1,634,606$1,556,166$1,533,226$1,734,714
46$1,741,097$1,572,180$1,524,350$1,817,969
47$1,856,553$1,587,080$1,513,280$1,901,896
48$1,981,827$1,600,753$1,499,881$1,992,080
49$2,117,861$1,613,077$1,484,014$2,089,124
50$2,265,687$1,623,922$1,465,533$2,193,694
51$2,426,444$1,633,151$1,444,285$2,306,526
52$2,601,382$1,640,616$1,420,109$2,428,430
53$2,791,878$1,646,162$1,392,838$2,560,301
54$2,999,447$1,649,621$1,362,296$2,703,127
55$3,225,756$1,650,818$1,328,298$2,857,995
56$3,472,640$1,649,565$1,290,653$3,026,107
57$3,742,119$1,645,664$1,249,160$3,208,787
58$4,036,416$1,638,902$1,203,607$3,407,499
59$4,357,978$1,629,055$1,153,775$3,623,855
60$4,709,499$1,615,887$1,099,435$3,859,634
61$5,093,947$1,599,144$1,040,344$4,116,799
62$5,514,586$1,578,559$976,253$4,397,516
63$5,975,014$1,553,848$906,897$4,704,174
64$6,479,191$1,524,712$832,004$5,039,409
65$7,031,478$1,490,832$751,285$5,406,128
66$7,636,677$1,451,872$664,442$5,807,539
67$8,300,079$1,407,474$571,161$6,247,180
68$9,027,507$1,357,260$471,115$6,728,953
69$9,825,380$1,300,833$363,964$7,257,163
70$10,700,763$1,237,768$249,351$7,836,559
71$11,661,440$1,167,618$126,904$8,472,379
72$12,715,987$1,089,911$0$9,170,400
73$13,873,847$1,004,146$0$9,937,315
74$15,145,425$909,795$0$10,791,412
75$16,542,182$806,299$0$11,729,633
76$18,076,744$693,067$0$12,760,564
77$19,763,020$569,475$0$13,893,673
78$21,616,333$434,865$0$15,139,397
79$23,653,565$288,539$0$16,509,244
80$25,893,314$129,763$0$18,015,903
81$28,356,070$0$0$19,673,363
82$31,064,410$0$0$21,510,527
83$34,043,205$0$0$23,576,813
84$37,319,858$0$0$25,849,835
85$40,924,565$0$0$28,350,554
86$44,890,591$0$0$31,102,062
87$49,254,590$0$0$34,129,807
88$54,056,951$0$0$37,461,824
89$59,342,171$0$0$41,129,007
90$65,159,283$0$0$45,165,394
91$71,562,314$0$0$49,608,491
92$78,610,792$0$0$54,499,625
93$86,370,312$0$0$59,884,333
94$94,913,152$0$0$65,812,793
95$104,318,953$0$0$72,340,294
96$114,675,472$0$0$79,527,759
97$126,079,410$0$0$87,442,322
98$138,637,322$0$0$96,157,956
99$152,466,622$0$0$105,756,175
100$167,696,691$0$0$116,326,801