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%18.6%
1 years$99,095$98,212$97,351$96,510$95,690$92,368
2 years$49,057$48,143$47,258$46,399$45,567$42,254
3 years$32,380$31,462$30,579$29,728$28,909$25,711
4 years$24,043$23,128$22,254$21,418$20,618$17,558
5 years$19,042$18,133$17,270$16,451$15,674$12,759
6 years$15,709$14,807$13,956$13,156$12,402$9,636
7 years$13,329$12,435$11,598$10,816$10,086$7,468
8 years$11,546$10,659$9,836$9,073$8,367$5,895
9 years$10,159$9,280$8,472$7,729$7,047$4,717
10 years$9,050$8,180$7,386$6,662$6,004$3,813
11 years$8,143$7,282$6,502$5,798$5,164$3,107
12 years$7,388$6,536$5,771$5,086$4,475$2,547
13 years$6,750$5,907$5,156$4,490$3,902$2,099
14 years$6,204$5,369$4,632$3,986$3,421$1,736
15 years$5,730$4,905$4,182$3,554$3,012$1,441
16 years$5,316$4,500$3,792$3,183$2,662$1,199
17 years$4,952$4,144$3,451$2,860$2,360$1,000
18 years$4,628$3,830$3,150$2,577$2,098$836
19 years$4,339$3,549$2,884$2,329$1,870$699
20 years$4,078$3,298$2,646$2,109$1,671$586
21 years$3,843$3,072$2,434$1,914$1,495$491
22 years$3,630$2,868$2,244$1,740$1,340$413
23 years$3,435$2,682$2,071$1,585$1,203$347
24 years$3,257$2,513$1,916$1,446$1,081$291
25 years$3,094$2,358$1,774$1,320$973$245
26 years$2,943$2,216$1,646$1,207$876$206
27 years$2,804$2,086$1,528$1,105$790$173
28 years$2,675$1,966$1,421$1,012$713$146
29 years$2,555$1,854$1,322$928$644$123
30 years$2,443$1,751$1,231$852$582$104
31 years$2,338$1,655$1,148$782$526$87
32 years$2,241$1,566$1,071$719$476$73
33 years$2,149$1,483$1,000$661$431$62
34 years$2,063$1,406$934$608$390$52
35 years$1,982$1,333$874$560$353$44
36 years$1,906$1,266$817$516$320$37
37 years$1,834$1,202$765$475$290$31
38 years$1,766$1,142$716$438$263$26
39 years$1,702$1,086$671$404$238$22
40 years$1,641$1,034$629$373$216$19
41 years$1,583$984$590$344$196$16
42 years$1,528$937$553$317$178$13
43 years$1,476$893$519$293$162$11
44 years$1,426$851$487$270$147$9
45 years$1,378$811$458$250$133$8
46 years$1,333$774$430$231$121$7
47 years$1,290$739$404$213$110$6
48 years$1,249$705$379$197$100$5
49 years$1,209$673$357$182$91$4
50 years$1,172$643$335$168$82$3

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 $3,210 every year, while hoping to spend $58,793 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: 67/27/6 Blend
44$1,200,000$1,200,000$1,200,000$1,200,000
45$1,325,711$1,262,111$1,243,511$1,413,127
46$1,398,378$1,261,399$1,222,613$1,470,787
47$1,476,487$1,258,682$1,199,045$1,526,392
48$1,560,530$1,253,799$1,172,655$1,585,595
49$1,651,050$1,246,580$1,143,284$1,648,738
50$1,748,639$1,236,845$1,110,766$1,716,199
51$1,853,952$1,224,402$1,074,929$1,788,396
52$1,967,706$1,209,049$1,035,589$1,865,789
53$2,090,689$1,190,569$992,559$1,948,889
54$2,223,768$1,168,736$945,638$2,038,258
55$2,367,896$1,143,308$894,621$2,134,518
56$2,524,120$1,114,028$839,289$2,238,359
57$2,693,592$1,080,627$779,417$2,350,538
58$2,877,578$1,042,818$714,767$2,471,897
59$3,077,472$1,000,297$645,093$2,603,362
60$3,294,806$952,743$570,136$2,745,958
61$3,531,266$899,818$489,625$2,900,818
62$3,788,708$841,161$403,280$3,069,192
63$4,069,172$776,394$310,806$3,252,462
64$4,374,905$705,115$211,895$3,452,153
65$4,708,379$626,899$106,227$3,669,953
66$5,072,315$541,298$0$3,907,722
67$5,469,708$447,840$0$4,167,934
68$5,903,857$346,022$0$4,459,727
69$6,378,389$235,316$0$4,778,822
70$6,897,303$115,165$0$5,128,014
71$7,464,999$0$0$5,510,382
72$8,086,320$0$0$5,933,793
73$8,766,603$0$0$6,434,918
74$9,511,722$0$0$6,983,878
75$10,328,148$0$0$7,585,449
76$11,223,005$0$0$8,244,891
77$12,204,141$0$0$8,967,995
78$13,280,200$0$0$9,761,144
79$14,460,700$0$0$10,631,364
80$15,756,128$0$0$11,586,395
81$17,178,034$0$0$12,634,765
82$18,739,139$0$0$13,785,865
83$20,453,459$0$0$15,050,041
84$22,336,431$0$0$16,438,691
85$24,405,064$0$0$17,964,369
86$26,678,092$0$0$19,640,908
87$29,176,156$0$0$21,483,546
88$31,921,994$0$0$23,509,070
89$34,940,660$0$0$25,735,974
90$38,259,751$0$0$28,184,636
91$41,909,677$0$0$30,877,504
92$45,923,939$0$0$33,839,313
93$50,339,450$0$0$37,097,313
94$55,196,878$0$0$40,681,532
95$60,541,032$0$0$44,625,049
96$66,421,282$0$0$48,964,317
97$72,892,028$0$0$53,739,496
98$80,013,207$0$0$58,994,840
99$87,850,861$0$0$64,779,107
100$96,477,759$0$0$71,146,023