Can I retire at age 45 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$118,914$117,855$116,821$115,813$114,828$112,925
2 years$58,868$57,772$56,709$55,679$54,680$52,769
3 years$38,856$37,755$36,695$35,674$34,691$32,831
4 years$28,851$27,754$26,704$25,701$24,742$22,947
5 years$22,850$21,759$20,724$19,741$18,808$17,084
6 years$18,851$17,768$16,748$15,787$14,883$13,230
7 years$15,995$14,922$13,917$12,979$12,103$10,524
8 years$13,855$12,791$11,803$10,888$10,041$8,534
9 years$12,191$11,136$10,166$9,274$8,456$7,020
10 years$10,860$9,816$8,863$7,994$7,205$5,840
11 years$9,772$8,739$7,803$6,958$6,196$4,900
12 years$8,866$7,843$6,925$6,103$5,370$4,141
13 years$8,100$7,088$6,187$5,388$4,683$3,519
14 years$7,444$6,443$5,559$4,783$4,105$3,005
15 years$6,876$5,886$5,019$4,265$3,614$2,576
16 years$6,380$5,400$4,550$3,819$3,194$2,215
17 years$5,942$4,973$4,141$3,431$2,832$1,910
18 years$5,554$4,596$3,780$3,092$2,518$1,651
19 years$5,206$4,259$3,460$2,794$2,245$1,430
20 years$4,894$3,958$3,176$2,531$2,005$1,241
21 years$4,612$3,687$2,921$2,297$1,794$1,078
22 years$4,356$3,441$2,692$2,088$1,608$938
23 years$4,123$3,218$2,486$1,902$1,444$817
24 years$3,909$3,016$2,299$1,735$1,298$712
25 years$3,713$2,830$2,129$1,584$1,168$621
26 years$3,532$2,660$1,975$1,448$1,052$542
27 years$3,364$2,503$1,834$1,326$948$473
28 years$3,209$2,359$1,705$1,215$856$414
29 years$3,065$2,225$1,586$1,114$773$362
30 years$2,931$2,101$1,478$1,022$698$317
31 years$2,806$1,986$1,378$939$631$277
32 years$2,689$1,880$1,285$863$571$242
33 years$2,579$1,780$1,200$794$517$212
34 years$2,476$1,687$1,121$730$468$186
35 years$2,379$1,600$1,048$672$424$163
36 years$2,287$1,519$981$619$384$143
37 years$2,201$1,442$918$570$348$125
38 years$2,119$1,371$860$526$315$110
39 years$2,042$1,304$805$485$286$96
40 years$1,969$1,240$755$447$259$84
41 years$1,899$1,181$708$412$235$74
42 years$1,833$1,124$664$381$214$65
43 years$1,771$1,071$623$351$194$57
44 years$1,711$1,021$585$324$176$50
45 years$1,654$974$549$300$160$44
46 years$1,600$929$516$277$145$38
47 years$1,548$886$485$256$132$34
48 years$1,499$846$455$236$120$29
49 years$1,451$808$428$218$109$26
50 years$1,406$772$402$202$99$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,440,000, adding $3,501 every year, while hoping to spend $45,922 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: 58/14/28 Blend
44$1,440,000$1,440,000$1,440,000$1,440,000
45$1,590,491$1,514,171$1,491,851$1,670,389
46$1,703,861$1,539,505$1,492,968$1,750,850
47$1,827,255$1,564,541$1,492,582$1,833,400
48$1,961,647$1,589,216$1,490,596$1,922,467
49$2,108,110$1,613,463$1,486,906$2,018,697
50$2,267,824$1,637,208$1,481,404$2,122,802
51$2,442,085$1,660,375$1,473,974$2,235,566
52$2,632,324$1,682,880$1,464,499$2,357,858
53$2,840,113$1,704,633$1,452,851$2,490,633
54$3,067,185$1,725,540$1,438,902$2,634,946
55$3,315,445$1,745,499$1,422,513$2,791,961
56$3,586,993$1,764,401$1,403,540$2,962,963
57$3,884,141$1,782,131$1,381,832$3,149,368
58$4,209,432$1,798,564$1,357,233$3,352,739
59$4,565,670$1,813,570$1,329,576$3,574,801
60$4,955,941$1,827,008$1,298,690$3,817,456
61$5,383,644$1,838,728$1,264,393$4,082,802
62$5,852,522$1,848,572$1,226,496$4,373,154
63$6,366,697$1,856,369$1,184,801$4,691,064
64$6,930,711$1,861,942$1,139,102$5,039,350
65$7,549,564$1,865,098$1,089,183$5,421,116
66$8,228,765$1,865,633$1,034,817$5,839,790
67$8,974,383$1,863,334$975,767$6,299,150
68$9,793,102$1,857,969$911,787$6,803,362
69$10,692,286$1,849,297$842,619$7,357,025
70$11,680,045$1,837,058$767,993$7,965,205
71$12,765,316$1,820,980$687,627$8,633,493
72$13,957,942$1,800,772$601,227$9,368,054
73$15,268,769$1,776,127$508,485$10,175,685
74$16,709,745$1,746,719$409,080$11,063,883
75$18,294,033$1,712,201$302,678$12,040,913
76$20,036,134$1,672,209$188,928$13,115,889
77$21,952,027$1,626,355$67,464$14,298,862
78$24,059,316$1,574,228$0$15,600,914
79$26,377,396$1,515,395$0$17,052,832
80$28,927,637$1,449,396$0$18,672,235
81$31,733,584$1,375,745$0$20,453,923
82$34,821,181$1,293,928$0$22,414,401
83$38,219,013$1,203,402$0$24,571,858
84$41,958,574$1,103,591$0$26,946,340
85$46,074,569$993,887$0$29,559,939
86$50,605,237$873,649$0$32,436,998
87$55,592,711$742,198$0$35,604,348
88$61,083,418$598,816$0$39,091,557
89$67,128,516$442,747$0$42,931,210
90$73,784,373$273,190$0$47,159,216
91$81,113,102$89,300$0$51,815,152
92$89,183,149$0$0$56,942,631
93$98,069,929$0$0$62,606,636
94$107,856,550$0$0$68,859,466
95$118,634,586$0$0$75,745,895
96$130,504,946$0$0$83,330,416
97$143,578,827$0$0$91,684,099
98$157,978,758$0$0$100,885,258
99$173,839,761$0$0$111,020,191
100$191,310,623$0$0$122,183,993