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%16%
1 years$122,217$121,128$120,066$119,030$118,017$115,118
2 years$60,503$59,377$58,285$57,226$56,199$53,295
3 years$39,935$38,803$37,714$36,665$35,655$32,838
4 years$29,653$28,525$27,446$26,415$25,429$22,721
5 years$23,485$22,364$21,299$20,289$19,331$16,739
6 years$19,375$18,262$17,213$16,226$15,296$12,823
7 years$16,440$15,336$14,304$13,340$12,440$10,086
8 years$14,239$13,146$12,131$11,191$10,320$8,084
9 years$12,529$11,446$10,448$9,532$8,691$6,571
10 years$11,162$10,089$9,109$8,217$7,405$5,399
11 years$10,044$8,982$8,020$7,151$6,369$4,474
12 years$9,112$8,061$7,117$6,272$5,519$3,732
13 years$8,325$7,285$6,359$5,537$4,813$3,129
14 years$7,651$6,622$5,713$4,916$4,219$2,636
15 years$7,067$6,049$5,158$4,384$3,714$2,228
16 years$6,557$5,550$4,677$3,925$3,283$1,889
17 years$6,107$5,111$4,256$3,527$2,911$1,606
18 years$5,708$4,723$3,885$3,178$2,588$1,368
19 years$5,351$4,377$3,556$2,872$2,307$1,167
20 years$5,030$4,068$3,264$2,601$2,061$998
21 years$4,740$3,789$3,002$2,361$1,844$854
22 years$4,477$3,537$2,767$2,146$1,653$731
23 years$4,237$3,308$2,555$1,955$1,484$627
24 years$4,017$3,099$2,363$1,783$1,334$538
25 years$3,816$2,909$2,188$1,628$1,200$462
26 years$3,630$2,734$2,030$1,489$1,081$397
27 years$3,458$2,573$1,885$1,363$975$341
28 years$3,299$2,424$1,752$1,248$879$293
29 years$3,151$2,287$1,630$1,145$794$252
30 years$3,013$2,160$1,519$1,051$717$217
31 years$2,884$2,042$1,416$965$649$187
32 years$2,763$1,932$1,321$887$587$161
33 years$2,650$1,829$1,233$816$531$138
34 years$2,544$1,734$1,152$750$481$119
35 years$2,445$1,645$1,077$691$435$103
36 years$2,351$1,561$1,008$636$395$88
37 years$2,262$1,483$943$586$358$76
38 years$2,178$1,409$883$540$324$66
39 years$2,099$1,340$828$498$294$57
40 years$2,023$1,275$776$459$267$49
41 years$1,952$1,213$727$424$242$42
42 years$1,884$1,156$682$391$220$36
43 years$1,820$1,101$640$361$199$31
44 years$1,758$1,050$601$333$181$27
45 years$1,700$1,001$564$308$164$23
46 years$1,644$955$530$284$149$20
47 years$1,591$911$498$263$135$17
48 years$1,540$870$468$243$123$15
49 years$1,492$831$440$224$112$13
50 years$1,445$793$414$207$101$11

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 $4,110 every year, while hoping to spend $22,005 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: 47/46/7 Blend
44$1,480,000$1,480,000$1,480,000$1,480,000
45$1,635,199$1,556,759$1,533,819$1,708,789
46$1,778,577$1,609,628$1,561,789$1,812,598
47$1,935,841$1,664,349$1,589,959$1,922,548
48$2,108,385$1,720,990$1,618,311$2,041,355
49$2,297,744$1,779,623$1,646,828$2,169,844
50$2,505,609$1,840,319$1,675,491$2,308,926
51$2,733,840$1,903,154$1,704,280$2,459,600
52$2,984,490$1,968,207$1,733,171$2,622,965
53$3,259,818$2,035,559$1,762,143$2,800,229
54$3,562,313$2,105,295$1,791,168$2,992,721
55$3,894,718$2,177,503$1,820,221$3,201,900
56$4,260,052$2,252,274$1,849,271$3,429,374
57$4,661,646$2,329,703$1,878,290$3,676,911
58$5,103,164$2,409,889$1,907,243$3,946,454
59$5,588,647$2,492,933$1,936,096$4,240,142
60$6,122,545$2,578,944$1,964,812$4,560,331
61$6,709,763$2,668,030$1,993,351$4,909,610
62$7,355,703$2,760,307$2,021,672$5,290,830
63$8,066,317$2,855,895$2,049,730$5,707,128
64$8,848,164$2,954,916$2,077,479$6,161,958
65$9,708,470$3,057,501$2,104,868$6,659,122
66$10,655,199$3,163,783$2,131,846$7,202,804
67$11,697,122$3,273,901$2,158,356$7,797,612
68$12,843,907$3,388,001$2,184,339$8,448,619
69$14,106,205$3,506,233$2,209,734$9,161,408
70$15,495,752$3,628,752$2,234,474$9,942,130
71$17,025,480$3,755,723$2,258,491$10,797,556
72$18,709,640$3,887,314$2,281,710$11,735,144
73$20,563,931$4,023,700$2,304,056$12,763,105
74$22,605,657$4,165,066$2,325,447$13,890,483
75$24,853,881$4,311,602$2,345,796$15,127,237
76$27,329,611$4,463,504$2,365,015$16,484,338
77$30,055,995$4,620,980$2,383,007$17,973,868
78$33,058,542$4,784,243$2,399,673$19,609,134
79$36,365,359$4,953,517$2,414,907$21,404,795
80$40,007,418$5,129,032$2,428,600$23,376,997
81$44,018,851$5,311,031$2,440,634$25,543,525
82$48,437,266$5,499,764$2,450,887$27,923,971
83$53,304,108$5,695,492$2,459,232$30,539,917
84$58,665,043$5,898,488$2,465,533$33,415,138
85$64,570,397$6,109,033$2,469,648$36,575,826
86$71,075,625$6,327,424$2,471,429$40,050,835
87$78,241,837$6,553,965$2,470,719$43,871,953
88$86,136,372$6,788,977$2,467,356$48,074,199
89$94,833,436$7,032,791$2,461,167$52,696,156
90$104,414,802$7,285,753$2,451,971$57,780,332
91$114,970,580$7,548,224$2,439,581$63,373,558
92$126,600,071$7,820,578$2,423,798$69,527,433
93$139,412,697$8,103,206$2,404,415$76,298,805
94$153,529,044$8,396,514$2,381,214$83,750,311
95$169,081,989$8,700,926$2,353,968$91,950,962
96$186,217,964$9,016,884$2,322,438$100,976,795
97$205,098,332$9,344,846$2,286,374$110,911,592
98$225,900,910$9,685,292$2,245,516$121,847,663
99$248,821,651$10,038,719$2,199,589$133,886,721
100$274,076,491$10,405,649$2,148,307$147,140,840