Can I retire at age 45 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$123,043$121,947$120,878$119,834$118,815$117,281
2 years$60,912$59,778$58,678$57,612$56,578$55,036
3 years$40,205$39,065$37,969$36,913$35,896$34,392
4 years$29,853$28,717$27,632$26,594$25,601$24,147
5 years$23,644$22,515$21,443$20,426$19,462$18,062
6 years$19,505$18,385$17,329$16,335$15,399$14,056
7 years$16,551$15,440$14,401$13,430$12,524$11,237
8 years$14,336$13,235$12,213$11,266$10,390$9,160
9 years$12,614$11,523$10,519$9,596$8,750$7,576
10 years$11,237$10,157$9,171$8,272$7,455$6,336
11 years$10,111$9,042$8,074$7,199$6,412$5,347
12 years$9,174$8,116$7,165$6,315$5,556$4,544
13 years$8,381$7,334$6,402$5,575$4,845$3,885
14 years$7,703$6,667$5,752$4,949$4,247$3,337
15 years$7,115$6,090$5,193$4,413$3,740$2,878
16 years$6,601$5,588$4,708$3,952$3,305$2,491
17 years$6,148$5,146$4,284$3,551$2,930$2,162
18 years$5,746$4,755$3,911$3,200$2,606$1,881
19 years$5,387$4,407$3,580$2,891$2,322$1,640
20 years$5,064$4,095$3,286$2,619$2,074$1,432
21 years$4,772$3,815$3,022$2,377$1,856$1,253
22 years$4,507$3,561$2,786$2,161$1,664$1,097
23 years$4,266$3,330$2,572$1,968$1,494$962
24 years$4,045$3,120$2,379$1,795$1,343$845
25 years$3,841$2,928$2,203$1,639$1,208$742
26 years$3,654$2,752$2,043$1,499$1,088$652
27 years$3,481$2,590$1,897$1,372$981$574
28 years$3,321$2,441$1,764$1,257$885$505
29 years$3,172$2,302$1,641$1,153$799$445
30 years$3,033$2,174$1,529$1,058$722$392
31 years$2,903$2,055$1,425$972$653$346
32 years$2,782$1,945$1,330$893$591$305
33 years$2,668$1,842$1,242$821$535$269
34 years$2,562$1,746$1,160$755$484$237
35 years$2,461$1,656$1,085$695$438$210
36 years$2,366$1,572$1,015$640$397$185
37 years$2,277$1,493$950$590$360$163
38 years$2,193$1,418$889$544$326$144
39 years$2,113$1,349$833$502$296$127
40 years$2,037$1,283$781$463$268$113
41 years$1,965$1,222$732$427$244$99
42 years$1,897$1,163$687$394$221$88
43 years$1,832$1,108$645$364$201$78
44 years$1,770$1,057$605$336$182$69
45 years$1,711$1,008$568$310$165$61
46 years$1,655$961$534$286$150$54
47 years$1,602$917$501$265$136$47
48 years$1,551$876$471$244$124$42
49 years$1,502$836$443$226$112$37
50 years$1,455$799$416$209$102$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,490,000, adding $3,022 every year, while hoping to spend $55,045 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: 37/42/21 Blend
44$1,490,000$1,490,000$1,490,000$1,490,000
45$1,645,097$1,566,127$1,543,032$1,695,465
46$1,754,330$1,584,300$1,536,156$1,750,549
47$1,872,859$1,601,518$1,527,205$1,804,642
48$2,001,575$1,617,677$1,516,051$1,861,947
49$2,141,458$1,632,665$1,502,561$1,922,787
50$2,293,583$1,646,363$1,486,594$1,987,516
51$2,459,137$1,658,643$1,468,003$2,056,531
52$2,639,423$1,669,371$1,446,635$2,130,271
53$2,835,876$1,678,402$1,422,329$2,209,222
54$3,050,076$1,685,583$1,394,917$2,293,923
55$3,283,759$1,690,752$1,364,222$2,384,975
56$3,538,838$1,693,735$1,330,060$2,483,041
57$3,817,421$1,694,349$1,292,238$2,588,856
58$4,121,823$1,692,398$1,250,553$2,703,236
59$4,454,599$1,687,675$1,204,796$2,827,085
60$4,818,556$1,679,959$1,154,745$2,961,403
61$5,216,788$1,669,017$1,100,169$3,107,299
62$5,652,703$1,654,601$1,040,827$3,266,000
63$6,130,051$1,636,449$976,467$3,438,866
64$6,652,963$1,614,282$906,825$3,627,401
65$7,225,988$1,587,804$831,626$3,833,271
66$7,854,135$1,556,703$750,582$4,058,317
67$8,542,923$1,520,648$663,393$4,304,580
68$9,298,429$1,479,287$569,745$4,574,313
69$10,127,347$1,432,250$469,309$4,870,013
70$11,037,049$1,379,143$361,743$5,194,438
71$12,035,657$1,319,550$246,691$5,550,638
72$13,132,118$1,253,032$123,779$5,941,988
73$14,336,285$1,179,121$0$6,372,215
74$15,659,015$1,097,328$0$6,847,097
75$17,112,267$1,007,129$0$7,399,240
76$18,709,216$907,976$0$8,006,007
77$20,464,376$799,287$0$8,673,060
78$22,393,737$680,447$0$9,406,647
79$24,514,916$550,806$0$10,213,665
80$26,847,321$409,679$0$11,101,723
81$29,412,335$256,341$0$12,079,221
82$32,233,519$90,027$0$13,155,427
83$35,336,828$0$0$14,340,569
84$38,750,864$0$0$15,687,558
85$42,507,136$0$0$17,215,589
86$46,640,363$0$0$18,897,209
87$51,188,801$0$0$20,748,011
88$56,194,600$0$0$22,785,179
89$61,704,204$0$0$25,027,645
90$67,768,786$0$0$27,496,271
91$74,444,734$0$0$30,214,046
92$81,794,181$0$0$33,206,297
93$89,885,588$0$0$36,500,937
94$98,794,392$0$0$40,128,719
95$108,603,720$0$0$44,123,533
96$119,405,167$0$0$48,522,720
97$131,299,663$0$0$53,367,431
98$144,398,425$0$0$58,703,006
99$158,824,007$0$0$64,579,411
100$174,711,451$0$0$71,051,704