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

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$99,095$98,212$97,351$96,510$95,690$93,796
2 years$49,057$48,143$47,258$46,399$45,567$43,667
3 years$32,380$31,462$30,579$29,728$28,909$27,062
4 years$24,043$23,128$22,254$21,418$20,618$18,839
5 years$19,042$18,133$17,270$16,451$15,674$13,967
6 years$15,709$14,807$13,956$13,156$12,402$10,769
7 years$13,329$12,435$11,598$10,816$10,086$8,528
8 years$11,546$10,659$9,836$9,073$8,367$6,883
9 years$10,159$9,280$8,472$7,729$7,047$5,636
10 years$9,050$8,180$7,386$6,662$6,004$4,665
11 years$8,143$7,282$6,502$5,798$5,164$3,895
12 years$7,388$6,536$5,771$5,086$4,475$3,274
13 years$6,750$5,907$5,156$4,490$3,902$2,768
14 years$6,204$5,369$4,632$3,986$3,421$2,351
15 years$5,730$4,905$4,182$3,554$3,012$2,004
16 years$5,316$4,500$3,792$3,183$2,662$1,714
17 years$4,952$4,144$3,451$2,860$2,360$1,469
18 years$4,628$3,830$3,150$2,577$2,098$1,263
19 years$4,339$3,549$2,884$2,329$1,870$1,087
20 years$4,078$3,298$2,646$2,109$1,671$938
21 years$3,843$3,072$2,434$1,914$1,495$810
22 years$3,630$2,868$2,244$1,740$1,340$700
23 years$3,435$2,682$2,071$1,585$1,203$606
24 years$3,257$2,513$1,916$1,446$1,081$525
25 years$3,094$2,358$1,774$1,320$973$455
26 years$2,943$2,216$1,646$1,207$876$395
27 years$2,804$2,086$1,528$1,105$790$342
28 years$2,675$1,966$1,421$1,012$713$297
29 years$2,555$1,854$1,322$928$644$258
30 years$2,443$1,751$1,231$852$582$224
31 years$2,338$1,655$1,148$782$526$195
32 years$2,241$1,566$1,071$719$476$170
33 years$2,149$1,483$1,000$661$431$148
34 years$2,063$1,406$934$608$390$128
35 years$1,982$1,333$874$560$353$112
36 years$1,906$1,266$817$516$320$97
37 years$1,834$1,202$765$475$290$85
38 years$1,766$1,142$716$438$263$74
39 years$1,702$1,086$671$404$238$64
40 years$1,641$1,034$629$373$216$56
41 years$1,583$984$590$344$196$49
42 years$1,528$937$553$317$178$42
43 years$1,476$893$519$293$162$37
44 years$1,426$851$487$270$147$32
45 years$1,378$811$458$250$133$28
46 years$1,333$774$430$231$121$24
47 years$1,290$739$404$213$110$21
48 years$1,249$705$379$197$100$18
49 years$1,209$673$357$182$91$16
50 years$1,172$643$335$168$82$14

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 $6,566 every year, while hoping to spend $33,889 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: 71/21/8 Blend
44$1,200,000$1,200,000$1,200,000$1,200,000
45$1,329,173$1,265,573$1,246,973$1,421,286
46$1,428,691$1,291,528$1,252,689$1,508,998
47$1,537,224$1,317,620$1,257,460$1,600,156
48$1,655,656$1,343,818$1,261,220$1,699,001
49$1,784,959$1,370,092$1,263,898$1,806,283
50$1,926,205$1,396,406$1,265,418$1,922,826
51$2,080,572$1,422,724$1,265,704$2,049,536
52$2,249,358$1,449,005$1,264,672$2,187,416
53$2,433,992$1,475,206$1,262,239$2,337,564
54$2,636,047$1,501,279$1,258,312$2,501,196
55$2,857,257$1,527,175$1,252,798$2,679,648
56$3,099,528$1,552,838$1,245,598$2,874,392
57$3,364,962$1,578,209$1,236,608$3,087,051
58$3,655,873$1,603,226$1,225,719$3,319,413
59$3,974,809$1,627,821$1,212,818$3,573,447
60$4,324,577$1,651,921$1,197,784$3,851,323
61$4,708,267$1,675,449$1,180,493$4,155,433
62$5,129,286$1,698,321$1,160,815$4,488,412
63$5,591,382$1,720,448$1,138,612$4,853,164
64$6,098,688$1,741,735$1,113,740$5,252,888
65$6,655,755$1,762,080$1,086,051$5,691,109
66$7,267,594$1,781,375$1,055,386$6,171,715
67$7,939,730$1,799,503$1,021,582$6,698,986
68$8,678,244$1,816,341$984,467$7,277,641
69$9,489,840$1,831,756$943,862$7,912,880
70$10,381,901$1,845,609$899,578$8,610,434
71$11,362,561$1,857,750$851,420$9,376,619
72$12,440,782$1,868,020$799,182$10,218,395
73$13,626,437$1,876,249$742,651$11,143,432
74$14,930,406$1,882,257$681,602$12,160,182
75$16,364,672$1,885,852$615,800$13,277,964
76$17,942,442$1,886,832$545,003$14,507,043
77$19,678,264$1,884,980$468,953$15,858,735
78$21,588,169$1,880,067$387,386$17,345,511
79$23,689,820$1,871,848$300,021$18,981,113
80$26,002,680$1,860,066$206,570$20,780,688
81$28,548,190$1,844,446$106,727$22,760,929
82$31,349,979$1,824,698$176$24,940,232
83$34,434,082$1,800,514$0$27,338,873
84$37,829,186$1,771,566$0$29,988,887
85$41,566,899$1,737,508$0$32,905,856
86$45,682,051$1,697,975$0$36,116,935
87$50,213,022$1,652,577$0$39,652,067
88$55,202,101$1,600,904$0$43,544,250
89$60,695,887$1,542,521$0$47,829,849
90$66,745,730$1,476,967$0$52,548,937
91$73,408,210$1,403,754$0$57,745,680
92$80,745,678$1,322,369$0$63,468,745
93$88,826,838$1,232,265$0$69,771,770
94$97,727,396$1,132,867$0$76,713,861
95$107,530,778$1,023,565$0$84,360,159
96$118,328,913$903,715$0$92,782,449
97$130,223,104$772,639$0$102,059,841
98$143,324,977$629,615$0$112,279,517
99$157,757,544$473,886$0$123,537,556
100$173,656,356$304,648$0$135,939,839