Can I retire at age 45 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$99,921$99,031$98,162$97,315$96,487$95,799
2 years$49,466$48,544$47,652$46,786$45,946$45,252
3 years$32,650$31,724$30,834$29,976$29,150$28,472
4 years$24,243$23,321$22,439$21,596$20,790$20,133
5 years$19,201$18,284$17,414$16,588$15,804$15,170
6 years$15,840$14,930$14,073$13,265$12,505$11,895
7 years$13,441$12,538$11,695$10,906$10,170$9,583
8 years$11,642$10,748$9,918$9,149$8,437$7,874
9 years$10,243$9,358$8,542$7,793$7,105$6,566
10 years$9,125$8,248$7,447$6,718$6,054$5,539
11 years$8,211$7,343$6,557$5,846$5,207$4,715
12 years$7,450$6,591$5,819$5,128$4,512$4,043
13 years$6,806$5,956$5,199$4,527$3,935$3,487
14 years$6,255$5,414$4,671$4,019$3,449$3,024
15 years$5,778$4,946$4,217$3,584$3,037$2,632
16 years$5,361$4,538$3,824$3,209$2,684$2,300
17 years$4,993$4,179$3,479$2,883$2,380$2,016
18 years$4,667$3,862$3,176$2,599$2,116$1,771
19 years$4,375$3,579$2,908$2,348$1,886$1,560
20 years$4,112$3,326$2,668$2,127$1,685$1,377
21 years$3,875$3,098$2,455$1,930$1,508$1,217
22 years$3,660$2,892$2,262$1,755$1,351$1,077
23 years$3,464$2,704$2,089$1,598$1,213$955
24 years$3,285$2,534$1,932$1,458$1,090$847
25 years$3,120$2,378$1,789$1,331$981$752
26 years$2,968$2,235$1,659$1,217$884$669
27 years$2,827$2,103$1,541$1,114$797$595
28 years$2,697$1,982$1,432$1,021$719$530
29 years$2,576$1,870$1,333$936$649$472
30 years$2,463$1,766$1,242$859$587$421
31 years$2,358$1,669$1,158$789$530$375
32 years$2,259$1,579$1,080$725$480$335
33 years$2,167$1,496$1,008$667$434$299
34 years$2,080$1,418$942$613$393$267
35 years$1,999$1,345$881$565$356$238
36 years$1,922$1,276$824$520$323$213
37 years$1,849$1,212$771$479$292$190
38 years$1,781$1,152$722$442$265$170
39 years$1,716$1,095$677$407$240$152
40 years$1,654$1,042$634$376$218$136
41 years$1,596$992$595$347$198$121
42 years$1,541$945$558$320$179$109
43 years$1,488$900$524$295$163$97
44 years$1,438$858$491$273$148$87
45 years$1,390$818$461$252$134$78
46 years$1,344$781$433$233$122$69
47 years$1,301$745$407$215$111$62
48 years$1,259$711$383$199$100$56
49 years$1,219$679$360$183$91$50
50 years$1,181$649$338$170$83$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,210,000, adding $5,438 every year, while hoping to spend $59,196 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: 35/46/19 Blend
44$1,210,000$1,210,000$1,210,000$1,210,000
45$1,339,029$1,274,899$1,256,144$1,377,954
46$1,412,626$1,274,385$1,235,241$1,406,419
47$1,491,746$1,271,862$1,211,654$1,431,214
48$1,576,890$1,267,169$1,185,229$1,456,733
49$1,668,607$1,260,134$1,155,809$1,483,073
50$1,767,502$1,250,578$1,123,226$1,510,348
51$1,874,238$1,238,307$1,087,305$1,538,687
52$1,989,544$1,223,119$1,047,864$1,568,236
53$2,114,222$1,204,796$1,004,711$1,599,163
54$2,249,152$1,183,110$957,648$1,631,659
55$2,395,302$1,157,819$906,466$1,665,940
56$2,553,737$1,128,666$850,947$1,702,248
57$2,725,626$1,095,379$790,862$1,740,859
58$2,912,258$1,057,671$725,974$1,782,086
59$3,115,048$1,015,236$656,033$1,826,277
60$3,335,553$967,752$580,780$1,873,828
61$3,575,486$914,879$499,944$1,925,182
62$3,836,734$856,257$413,240$1,980,836
63$4,121,370$791,503$320,373$2,041,348
64$4,431,678$720,214$221,033$2,107,345
65$4,770,170$641,965$114,898$2,179,526
66$5,139,611$556,306$1,632$2,258,675
67$5,543,047$462,760$0$2,345,667
68$5,983,827$360,825$0$2,465,656
69$6,465,642$249,970$0$2,597,483
70$6,992,553$129,634$0$2,742,112
71$7,569,033$0$0$2,900,982
72$8,200,005$0$0$3,076,083
73$8,890,893$0$0$3,339,829
74$9,647,668$0$0$3,628,902
75$10,476,906$0$0$3,945,834
76$11,385,850$0$0$4,293,418
77$12,382,475$0$0$4,674,726
78$13,475,567$0$0$5,093,144
79$14,674,801$0$0$5,552,400
80$15,990,837$0$0$6,056,604
81$17,435,413$0$0$6,610,278
82$19,021,461$0$0$7,218,408
83$20,763,227$0$0$7,886,485
84$22,676,402$0$0$8,620,557
85$24,778,275$0$0$9,427,289
86$27,087,888$0$0$10,314,022
87$29,626,221$0$0$11,288,843
88$32,416,389$0$0$12,360,664
89$35,483,856$0$0$13,539,302
90$38,856,675$0$0$14,835,574
91$42,565,756$0$0$16,261,395
92$46,645,152$0$0$17,829,898
93$51,132,385$0$0$19,555,548
94$56,068,792$0$0$21,454,284
95$61,499,921$0$0$23,543,670
96$67,475,956$0$0$25,843,056
97$74,052,193$0$0$28,373,765
98$81,289,558$0$0$31,159,289
99$89,255,181$0$0$34,225,516
100$98,023,032$0$0$37,600,969