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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$123,043$121,947$120,878$119,834$118,815$114,326
2 years$60,912$59,778$58,678$57,612$56,578$52,109
3 years$40,205$39,065$37,969$36,913$35,896$31,585
4 years$29,853$28,717$27,632$26,594$25,601$21,482
5 years$23,644$22,515$21,443$20,426$19,462$15,546
6 years$19,505$18,385$17,329$16,335$15,399$11,689
7 years$16,551$15,440$14,401$13,430$12,524$9,017
8 years$14,336$13,235$12,213$11,266$10,390$7,084
9 years$12,614$11,523$10,519$9,596$8,750$5,640
10 years$11,237$10,157$9,171$8,272$7,455$4,537
11 years$10,111$9,042$8,074$7,199$6,412$3,677
12 years$9,174$8,116$7,165$6,315$5,556$2,999
13 years$8,381$7,334$6,402$5,575$4,845$2,458
14 years$7,703$6,667$5,752$4,949$4,247$2,022
15 years$7,115$6,090$5,193$4,413$3,740$1,669
16 years$6,601$5,588$4,708$3,952$3,305$1,381
17 years$6,148$5,146$4,284$3,551$2,930$1,145
18 years$5,746$4,755$3,911$3,200$2,606$951
19 years$5,387$4,407$3,580$2,891$2,322$791
20 years$5,064$4,095$3,286$2,619$2,074$659
21 years$4,772$3,815$3,022$2,377$1,856$549
22 years$4,507$3,561$2,786$2,161$1,664$458
23 years$4,266$3,330$2,572$1,968$1,494$382
24 years$4,045$3,120$2,379$1,795$1,343$319
25 years$3,841$2,928$2,203$1,639$1,208$267
26 years$3,654$2,752$2,043$1,499$1,088$223
27 years$3,481$2,590$1,897$1,372$981$186
28 years$3,321$2,441$1,764$1,257$885$156
29 years$3,172$2,302$1,641$1,153$799$130
30 years$3,033$2,174$1,529$1,058$722$109
31 years$2,903$2,055$1,425$972$653$91
32 years$2,782$1,945$1,330$893$591$76
33 years$2,668$1,842$1,242$821$535$64
34 years$2,562$1,746$1,160$755$484$54
35 years$2,461$1,656$1,085$695$438$45
36 years$2,366$1,572$1,015$640$397$38
37 years$2,277$1,493$950$590$360$31
38 years$2,193$1,418$889$544$326$26
39 years$2,113$1,349$833$502$296$22
40 years$2,037$1,283$781$463$268$18
41 years$1,965$1,222$732$427$244$15
42 years$1,897$1,163$687$394$221$13
43 years$1,832$1,108$645$364$201$11
44 years$1,770$1,057$605$336$182$9
45 years$1,711$1,008$568$310$165$8
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$4
50 years$1,455$799$416$209$102$3

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 $5,684 every year, while hoping to spend $38,897 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: 72/11/17 Blend
44$1,490,000$1,490,000$1,490,000$1,490,000
45$1,647,843$1,568,873$1,545,778$1,759,587
46$1,774,537$1,604,362$1,556,176$1,870,026
47$1,912,850$1,640,286$1,565,618$1,985,684
48$2,063,926$1,676,625$1,574,031$2,111,339
49$2,229,025$1,713,358$1,581,340$2,247,975
50$2,409,533$1,750,460$1,587,462$2,396,675
51$2,606,977$1,787,905$1,592,314$2,558,633
52$2,823,039$1,825,662$1,595,806$2,735,164
53$3,059,568$1,863,698$1,597,845$2,927,715
54$3,318,603$1,901,979$1,598,332$3,137,884
55$3,602,389$1,940,464$1,597,165$3,367,428
56$3,913,398$1,979,112$1,594,235$3,618,285
57$4,254,352$2,017,876$1,589,429$3,892,591
58$4,628,250$2,056,706$1,582,629$4,192,697
59$5,038,394$2,095,547$1,573,709$4,521,196
60$5,488,421$2,134,340$1,562,540$4,880,945
61$5,982,339$2,173,022$1,548,984$5,275,091
62$6,524,560$2,211,523$1,532,898$5,707,103
63$7,119,947$2,249,769$1,514,132$6,180,804
64$7,773,855$2,287,681$1,492,528$6,700,406
65$8,492,183$2,325,172$1,467,922$7,270,551
66$9,281,430$2,362,150$1,440,142$7,896,357
67$10,148,756$2,398,515$1,409,007$8,583,459
68$11,102,049$2,434,163$1,374,329$9,338,072
69$12,149,999$2,468,977$1,335,910$10,167,042
70$13,302,179$2,502,838$1,293,543$11,077,916
71$14,569,138$2,535,613$1,247,013$12,079,011
72$15,962,495$2,567,163$1,196,094$13,179,490
73$17,495,055$2,597,340$1,140,548$14,389,454
74$19,180,924$2,625,983$1,080,130$15,720,035
75$21,035,645$2,652,923$1,014,581$17,183,499
76$23,076,344$2,677,979$943,632$18,793,367
77$25,321,887$2,700,956$867,001$20,564,539
78$27,793,067$2,721,650$784,392$22,513,434
79$30,512,790$2,739,841$695,499$24,658,149
80$33,506,297$2,755,295$600,001$27,018,628
81$36,801,399$2,767,765$497,561$29,616,851
82$40,428,742$2,776,986$387,829$32,477,041
83$44,422,092$2,782,676$270,440$35,625,893
84$48,818,657$2,784,539$145,011$39,092,828
85$53,659,435$2,782,256$11,144$42,910,270
86$58,989,602$2,775,492$0$47,113,951
87$64,858,939$2,763,889$0$51,767,145
88$71,322,299$2,747,068$0$56,893,068
89$78,440,126$2,724,626$0$62,537,610
90$86,279,024$2,696,138$0$68,753,567
91$94,912,387$2,661,151$0$75,599,120
92$104,421,090$2,619,187$0$83,138,383
93$114,894,250$2,569,736$0$91,442,007
94$126,430,073$2,512,263$0$100,587,847
95$139,136,773$2,446,196$0$110,661,701
96$153,133,597$2,370,933$0$121,758,113
97$168,551,951$2,285,836$0$133,981,272
98$185,536,637$2,190,229$0$147,445,991
99$204,247,221$2,083,397$0$162,278,794
100$224,859,539$1,964,585$0$178,619,106