Can I retire at age 45 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$99,095$98,212$97,351$96,510$95,690$94,572
2 years$49,057$48,143$47,258$46,399$45,567$44,442
3 years$32,380$31,462$30,579$29,728$28,909$27,812
4 years$24,043$23,128$22,254$21,418$20,618$19,557
5 years$19,042$18,133$17,270$16,451$15,674$14,652
6 years$15,709$14,807$13,956$13,156$12,402$11,421
7 years$13,329$12,435$11,598$10,816$10,086$9,146
8 years$11,546$10,659$9,836$9,073$8,367$7,468
9 years$10,159$9,280$8,472$7,729$7,047$6,187
10 years$9,050$8,180$7,386$6,662$6,004$5,184
11 years$8,143$7,282$6,502$5,798$5,164$4,383
12 years$7,388$6,536$5,771$5,086$4,475$3,732
13 years$6,750$5,907$5,156$4,490$3,902$3,197
14 years$6,204$5,369$4,632$3,986$3,421$2,752
15 years$5,730$4,905$4,182$3,554$3,012$2,378
16 years$5,316$4,500$3,792$3,183$2,662$2,062
17 years$4,952$4,144$3,451$2,860$2,360$1,794
18 years$4,628$3,830$3,150$2,577$2,098$1,564
19 years$4,339$3,549$2,884$2,329$1,870$1,366
20 years$4,078$3,298$2,646$2,109$1,671$1,196
21 years$3,843$3,072$2,434$1,914$1,495$1,048
22 years$3,630$2,868$2,244$1,740$1,340$920
23 years$3,435$2,682$2,071$1,585$1,203$809
24 years$3,257$2,513$1,916$1,446$1,081$712
25 years$3,094$2,358$1,774$1,320$973$627
26 years$2,943$2,216$1,646$1,207$876$552
27 years$2,804$2,086$1,528$1,105$790$487
28 years$2,675$1,966$1,421$1,012$713$430
29 years$2,555$1,854$1,322$928$644$380
30 years$2,443$1,751$1,231$852$582$335
31 years$2,338$1,655$1,148$782$526$296
32 years$2,241$1,566$1,071$719$476$262
33 years$2,149$1,483$1,000$661$431$232
34 years$2,063$1,406$934$608$390$205
35 years$1,982$1,333$874$560$353$181
36 years$1,906$1,266$817$516$320$161
37 years$1,834$1,202$765$475$290$142
38 years$1,766$1,142$716$438$263$126
39 years$1,702$1,086$671$404$238$111
40 years$1,641$1,034$629$373$216$99
41 years$1,583$984$590$344$196$87
42 years$1,528$937$553$317$178$77
43 years$1,476$893$519$293$162$69
44 years$1,426$851$487$270$147$61
45 years$1,378$811$458$250$133$54
46 years$1,333$774$430$231$121$48
47 years$1,290$739$404$213$110$42
48 years$1,249$705$379$197$100$37
49 years$1,209$673$357$182$91$33
50 years$1,172$643$335$168$82$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,200,000, adding $4,246 every year, while hoping to spend $31,913 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: 69/19/12 Blend
44$1,200,000$1,200,000$1,200,000$1,200,000
45$1,326,780$1,263,180$1,244,580$1,414,607
46$1,428,156$1,291,120$1,252,318$1,501,429
47$1,538,803$1,319,360$1,259,246$1,592,141
48$1,659,633$1,347,881$1,265,303$1,690,545
49$1,791,650$1,376,661$1,270,424$1,797,394
50$1,935,958$1,405,678$1,274,543$1,913,516
51$2,093,775$1,434,905$1,277,590$2,039,821
52$2,266,440$1,464,316$1,279,489$2,177,314
53$2,455,429$1,493,879$1,280,164$2,327,101
54$2,662,365$1,523,562$1,279,532$2,490,401
55$2,889,039$1,553,328$1,277,509$2,668,555
56$3,137,419$1,583,140$1,274,003$2,863,044
57$3,409,675$1,612,953$1,268,922$3,075,496
58$3,708,197$1,642,723$1,262,166$3,307,708
59$4,035,617$1,672,400$1,253,632$3,561,657
60$4,394,832$1,701,930$1,243,211$3,839,525
61$4,789,036$1,731,256$1,230,790$4,143,713
62$5,221,747$1,760,316$1,216,250$4,476,868
63$5,696,836$1,789,043$1,199,466$4,841,908
64$6,218,573$1,817,365$1,180,308$5,242,047
65$6,791,657$1,845,206$1,158,638$5,680,827
66$7,421,268$1,872,483$1,134,314$6,162,152
67$8,113,111$1,899,108$1,107,187$6,690,324
68$8,873,470$1,924,986$1,077,100$7,270,083
69$9,709,269$1,950,016$1,043,888$7,906,656
70$10,628,138$1,974,090$1,007,381$8,605,798
71$11,638,479$1,997,091$967,399$9,373,856
72$12,749,553$2,018,898$923,756$10,217,822
73$13,971,560$2,039,377$876,255$11,145,403
74$15,315,741$2,058,388$824,692$12,165,093
75$16,794,480$2,075,783$768,852$13,286,251
76$18,421,421$2,091,400$708,513$14,519,194
77$20,211,598$2,105,070$643,440$15,875,290
78$22,181,576$2,116,613$573,389$17,367,069
79$24,349,605$2,125,836$498,107$19,008,338
80$26,735,797$2,132,535$417,326$20,814,317
81$29,362,311$2,136,491$330,769$22,801,776
82$32,253,562$2,137,475$238,145$24,989,199
83$35,436,454$2,135,239$139,151$27,396,958
84$38,940,631$2,129,525$33,472$30,047,501
85$42,798,759$2,120,055$0$32,965,571
86$47,046,830$2,106,536$0$36,188,590
87$51,724,507$2,088,656$0$39,741,689
88$56,875,492$2,066,085$0$43,653,743
89$62,547,942$2,038,474$0$47,961,299
90$68,794,924$2,005,451$0$52,704,633
91$75,674,911$1,966,623$0$57,928,130
92$83,252,339$1,921,574$0$63,680,702
93$91,598,209$1,869,863$0$70,016,249
94$100,790,764$1,811,024$0$76,994,171
95$110,916,219$1,744,561$0$84,679,927
96$122,069,583$1,669,954$0$93,145,654
97$134,355,546$1,586,647$0$102,470,848
98$147,889,476$1,494,057$0$112,743,114
99$162,798,501$1,391,564$0$124,058,994
100$179,222,712$1,278,515$0$136,524,881