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

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$99,921$99,031$98,162$97,315$96,487$92,805
2 years$49,466$48,544$47,652$46,786$45,946$42,280
3 years$32,650$31,724$30,834$29,976$29,150$25,615
4 years$24,243$23,321$22,439$21,596$20,790$17,413
5 years$19,201$18,284$17,414$16,588$15,804$12,594
6 years$15,840$14,930$14,073$13,265$12,505$9,464
7 years$13,441$12,538$11,695$10,906$10,170$7,297
8 years$11,642$10,748$9,918$9,149$8,437$5,730
9 years$10,243$9,358$8,542$7,793$7,105$4,559
10 years$9,125$8,248$7,447$6,718$6,054$3,664
11 years$8,211$7,343$6,557$5,846$5,207$2,968
12 years$7,450$6,591$5,819$5,128$4,512$2,419
13 years$6,806$5,956$5,199$4,527$3,935$1,981
14 years$6,255$5,414$4,671$4,019$3,449$1,629
15 years$5,778$4,946$4,217$3,584$3,037$1,343
16 years$5,361$4,538$3,824$3,209$2,684$1,111
17 years$4,993$4,179$3,479$2,883$2,380$920
18 years$4,667$3,862$3,176$2,599$2,116$764
19 years$4,375$3,579$2,908$2,348$1,886$635
20 years$4,112$3,326$2,668$2,127$1,685$528
21 years$3,875$3,098$2,455$1,930$1,508$440
22 years$3,660$2,892$2,262$1,755$1,351$367
23 years$3,464$2,704$2,089$1,598$1,213$306
24 years$3,285$2,534$1,932$1,458$1,090$255
25 years$3,120$2,378$1,789$1,331$981$213
26 years$2,968$2,235$1,659$1,217$884$178
27 years$2,827$2,103$1,541$1,114$797$149
28 years$2,697$1,982$1,432$1,021$719$124
29 years$2,576$1,870$1,333$936$649$104
30 years$2,463$1,766$1,242$859$587$87
31 years$2,358$1,669$1,158$789$530$73
32 years$2,259$1,579$1,080$725$480$61
33 years$2,167$1,496$1,008$667$434$51
34 years$2,080$1,418$942$613$393$42
35 years$1,999$1,345$881$565$356$36
36 years$1,922$1,276$824$520$323$30
37 years$1,849$1,212$771$479$292$25
38 years$1,781$1,152$722$442$265$21
39 years$1,716$1,095$677$407$240$17
40 years$1,654$1,042$634$376$218$15
41 years$1,596$992$595$347$198$12
42 years$1,541$945$558$320$179$10
43 years$1,488$900$524$295$163$9
44 years$1,438$858$491$273$148$7
45 years$1,390$818$461$252$134$6
46 years$1,344$781$433$233$122$5
47 years$1,301$745$407$215$111$4
48 years$1,259$711$383$199$100$3
49 years$1,219$679$360$183$91$3
50 years$1,181$649$338$170$83$2

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 $2,448 every year, while hoping to spend $29,575 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: 39/45/16 Blend
44$1,210,000$1,210,000$1,210,000$1,210,000
45$1,335,945$1,271,815$1,253,060$1,381,559
46$1,440,744$1,302,666$1,263,570$1,445,185
47$1,555,241$1,334,038$1,273,441$1,510,901
48$1,680,394$1,365,925$1,282,620$1,581,328
49$1,817,259$1,398,319$1,291,052$1,656,907
50$1,966,995$1,431,213$1,298,678$1,738,122
51$2,130,883$1,464,597$1,305,438$1,825,510
52$2,310,329$1,498,459$1,311,267$1,919,659
53$2,506,886$1,532,786$1,316,097$2,021,217
54$2,722,259$1,567,563$1,319,857$2,130,902
55$2,958,330$1,602,774$1,322,473$2,249,500
56$3,217,170$1,638,401$1,323,866$2,377,880
57$3,501,060$1,674,421$1,323,954$2,516,999
58$3,812,513$1,710,812$1,322,651$2,667,912
59$4,154,295$1,747,548$1,319,866$2,831,780
60$4,529,456$1,784,601$1,315,504$3,009,886
61$4,941,353$1,821,939$1,309,466$3,203,641
62$5,393,685$1,859,528$1,301,648$3,414,602
63$5,890,528$1,897,331$1,291,939$3,644,483
64$6,436,368$1,935,307$1,280,226$3,895,177
65$7,036,152$1,973,411$1,266,388$4,168,768
66$7,695,327$2,011,596$1,250,299$4,467,553
67$8,419,895$2,049,809$1,231,829$4,794,065
68$9,216,468$2,087,993$1,210,838$5,151,098
69$10,092,329$2,126,087$1,187,184$5,541,728
70$11,055,506$2,164,024$1,160,714$5,969,349
71$12,114,841$2,201,734$1,131,270$6,437,703
72$13,280,075$2,239,139$1,098,688$6,950,911
73$14,561,943$2,276,158$1,062,795$7,513,520
74$15,972,271$2,312,700$1,023,409$8,130,542
75$17,524,091$2,348,670$980,341$8,807,500
76$19,231,760$2,383,966$933,394$9,550,484
77$21,111,098$2,418,479$882,361$10,366,208
78$23,179,535$2,452,090$827,026$11,262,071
79$25,456,279$2,484,674$767,162$12,246,232
80$27,962,493$2,516,096$702,535$13,327,684
81$30,721,495$2,546,213$632,898$14,516,340
82$33,758,981$2,574,870$557,993$15,823,129
83$37,103,262$2,601,904$477,551$17,260,097
84$40,785,538$2,627,140$391,292$18,840,524
85$44,840,184$2,650,392$298,922$20,579,048
86$49,305,082$2,671,460$200,135$22,491,805
87$54,221,972$2,690,133$94,611$24,596,582
88$59,636,850$2,706,186$0$26,912,985
89$65,600,399$2,719,380$0$29,465,700
90$72,168,468$2,729,458$0$32,292,913
91$79,402,601$2,736,150$0$35,404,777
92$87,370,613$2,739,168$0$38,830,301
93$96,147,234$2,738,206$0$42,601,458
94$105,814,812$2,732,939$0$46,753,485
95$116,464,091$2,723,021$0$51,325,219
96$128,195,065$2,708,086$0$56,359,462
97$141,117,926$2,687,746$0$61,903,389
98$155,354,097$2,661,589$0$68,008,990
99$171,037,386$2,629,177$0$74,733,566
100$188,315,241$2,590,048$0$82,140,268