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%13.4%
1 years$99,921$99,031$98,162$97,315$96,487$95,124
2 years$49,466$48,544$47,652$46,786$45,946$44,575
3 years$32,650$31,724$30,834$29,976$29,150$27,814
4 years$24,243$23,321$22,439$21,596$20,790$19,500
5 years$19,201$18,284$17,414$16,588$15,804$14,563
6 years$15,840$14,930$14,073$13,265$12,505$11,315
7 years$13,441$12,538$11,695$10,906$10,170$9,030
8 years$11,642$10,748$9,918$9,149$8,437$7,348
9 years$10,243$9,358$8,542$7,793$7,105$6,067
10 years$9,125$8,248$7,447$6,718$6,054$5,065
11 years$8,211$7,343$6,557$5,846$5,207$4,266
12 years$7,450$6,591$5,819$5,128$4,512$3,619
13 years$6,806$5,956$5,199$4,527$3,935$3,088
14 years$6,255$5,414$4,671$4,019$3,449$2,647
15 years$5,778$4,946$4,217$3,584$3,037$2,278
16 years$5,361$4,538$3,824$3,209$2,684$1,968
17 years$4,993$4,179$3,479$2,883$2,380$1,704
18 years$4,667$3,862$3,176$2,599$2,116$1,479
19 years$4,375$3,579$2,908$2,348$1,886$1,287
20 years$4,112$3,326$2,668$2,127$1,685$1,121
21 years$3,875$3,098$2,455$1,930$1,508$979
22 years$3,660$2,892$2,262$1,755$1,351$855
23 years$3,464$2,704$2,089$1,598$1,213$748
24 years$3,285$2,534$1,932$1,458$1,090$655
25 years$3,120$2,378$1,789$1,331$981$574
26 years$2,968$2,235$1,659$1,217$884$504
27 years$2,827$2,103$1,541$1,114$797$442
28 years$2,697$1,982$1,432$1,021$719$388
29 years$2,576$1,870$1,333$936$649$341
30 years$2,463$1,766$1,242$859$587$300
31 years$2,358$1,669$1,158$789$530$264
32 years$2,259$1,579$1,080$725$480$232
33 years$2,167$1,496$1,008$667$434$204
34 years$2,080$1,418$942$613$393$180
35 years$1,999$1,345$881$565$356$158
36 years$1,922$1,276$824$520$323$139
37 years$1,849$1,212$771$479$292$123
38 years$1,781$1,152$722$442$265$108
39 years$1,716$1,095$677$407$240$95
40 years$1,654$1,042$634$376$218$84
41 years$1,596$992$595$347$198$74
42 years$1,541$945$558$320$179$65
43 years$1,488$900$524$295$163$57
44 years$1,438$858$491$273$148$51
45 years$1,390$818$461$252$134$45
46 years$1,344$781$433$233$122$39
47 years$1,301$745$407$215$111$35
48 years$1,259$711$383$199$100$31
49 years$1,219$679$360$183$91$27
50 years$1,181$649$338$170$83$24

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 $6,400 every year, while hoping to spend $57,887 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: 42/44/14 Blend
44$1,210,000$1,210,000$1,210,000$1,210,000
45$1,340,022$1,275,892$1,257,137$1,390,555
46$1,415,112$1,276,819$1,237,659$1,427,632
47$1,495,923$1,275,852$1,215,589$1,461,528
48$1,582,974$1,272,836$1,190,779$1,496,975
49$1,676,840$1,267,608$1,163,073$1,534,141
50$1,778,152$1,259,994$1,132,310$1,573,214
51$1,887,601$1,249,811$1,098,320$1,614,405
52$2,005,948$1,236,864$1,060,925$1,657,951
53$2,134,029$1,220,945$1,019,941$1,704,116
54$2,272,764$1,201,836$975,173$1,753,197
55$2,423,164$1,179,303$926,419$1,805,526
56$2,586,340$1,153,102$873,468$1,861,472
57$2,763,514$1,122,972$816,096$1,921,450
58$2,956,031$1,088,636$754,074$1,985,921
59$3,165,370$1,049,803$687,159$2,055,400
60$3,393,158$1,006,163$615,099$2,130,462
61$3,641,185$957,390$537,630$2,211,745
62$3,911,422$903,138$454,476$2,299,962
63$4,206,036$843,041$365,350$2,395,908
64$4,527,413$776,712$269,951$2,500,463
65$4,878,181$703,742$167,966$2,614,610
66$5,261,229$623,699$59,067$2,739,441
67$5,679,741$536,127$0$2,876,168
68$6,137,220$440,543$0$3,034,675
69$6,637,523$336,436$0$3,217,894
70$7,184,898$223,269$0$3,418,708
71$7,784,021$100,472$0$3,639,020
72$8,440,041$0$0$3,880,934
73$9,158,631$0$0$4,162,546
74$9,946,034$0$0$4,524,580
75$10,809,129$0$0$4,921,571
76$11,755,491$0$0$5,357,023
77$12,793,462$0$0$5,834,795
78$13,932,232$0$0$6,359,138
79$15,181,922$0$0$6,934,733
80$16,553,682$0$0$7,566,738
81$18,059,792$0$0$8,260,835
82$19,713,781$0$0$9,023,281
83$21,530,551$0$0$9,860,972
84$23,526,519$0$0$10,781,503
85$25,719,772$0$0$11,793,241
86$28,130,234$0$0$12,905,406
87$30,779,854$0$0$14,128,153
88$33,692,816$0$0$15,472,672
89$36,895,763$0$0$16,951,290
90$40,418,048$0$0$18,577,589
91$44,292,012$0$0$20,366,536
92$48,553,288$0$0$22,334,617
93$53,241,133$0$0$24,499,999
94$58,398,804$0$0$26,882,698
95$64,073,960$0$0$29,504,770
96$70,319,115$0$0$32,390,513
97$77,192,127$0$0$35,566,705
98$84,756,752$0$0$39,062,847
99$93,083,236$0$0$42,911,449
100$102,248,982$0$0$47,148,330