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%15.7%
1 years$99,921$99,031$98,162$97,315$96,487$94,231
2 years$49,466$48,544$47,652$46,786$45,946$43,686
3 years$32,650$31,724$30,834$29,976$29,150$26,957
4 years$24,243$23,321$22,439$21,596$20,790$18,680
5 years$19,201$18,284$17,414$16,588$15,804$13,784
6 years$15,840$14,930$14,073$13,265$12,505$10,576
7 years$13,441$12,538$11,695$10,906$10,170$8,333
8 years$11,642$10,748$9,918$9,149$8,437$6,691
9 years$10,243$9,358$8,542$7,793$7,105$5,448
10 years$9,125$8,248$7,447$6,718$6,054$4,485
11 years$8,211$7,343$6,557$5,846$5,207$3,723
12 years$7,450$6,591$5,819$5,128$4,512$3,112
13 years$6,806$5,956$5,199$4,527$3,935$2,615
14 years$6,255$5,414$4,671$4,019$3,449$2,207
15 years$5,778$4,946$4,217$3,584$3,037$1,870
16 years$5,361$4,538$3,824$3,209$2,684$1,589
17 years$4,993$4,179$3,479$2,883$2,380$1,353
18 years$4,667$3,862$3,176$2,599$2,116$1,155
19 years$4,375$3,579$2,908$2,348$1,886$988
20 years$4,112$3,326$2,668$2,127$1,685$846
21 years$3,875$3,098$2,455$1,930$1,508$726
22 years$3,660$2,892$2,262$1,755$1,351$623
23 years$3,464$2,704$2,089$1,598$1,213$536
24 years$3,285$2,534$1,932$1,458$1,090$461
25 years$3,120$2,378$1,789$1,331$981$397
26 years$2,968$2,235$1,659$1,217$884$341
27 years$2,827$2,103$1,541$1,114$797$294
28 years$2,697$1,982$1,432$1,021$719$254
29 years$2,576$1,870$1,333$936$649$219
30 years$2,463$1,766$1,242$859$587$189
31 years$2,358$1,669$1,158$789$530$163
32 years$2,259$1,579$1,080$725$480$140
33 years$2,167$1,496$1,008$667$434$121
34 years$2,080$1,418$942$613$393$105
35 years$1,999$1,345$881$565$356$90
36 years$1,922$1,276$824$520$323$78
37 years$1,849$1,212$771$479$292$67
38 years$1,781$1,152$722$442$265$58
39 years$1,716$1,095$677$407$240$50
40 years$1,654$1,042$634$376$218$43
41 years$1,596$992$595$347$198$38
42 years$1,541$945$558$320$179$32
43 years$1,488$900$524$295$163$28
44 years$1,438$858$491$273$148$24
45 years$1,390$818$461$252$134$21
46 years$1,344$781$433$233$122$18
47 years$1,301$745$407$215$111$16
48 years$1,259$711$383$199$100$14
49 years$1,219$679$360$183$91$12
50 years$1,181$649$338$170$83$10

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 $3,606 every year, while hoping to spend $30,769 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: 43/33/24 Blend
44$1,210,000$1,210,000$1,210,000$1,210,000
45$1,337,140$1,273,010$1,254,255$1,385,147
46$1,440,790$1,302,649$1,263,534$1,449,306
47$1,553,981$1,332,710$1,272,093$1,515,542
48$1,677,654$1,363,179$1,279,875$1,586,697
49$1,812,845$1,394,045$1,286,821$1,663,240
50$1,960,693$1,425,291$1,292,868$1,745,693
51$2,122,454$1,456,901$1,297,949$1,834,627
52$2,299,511$1,488,856$1,301,997$1,930,675
53$2,493,385$1,521,134$1,304,938$2,034,532
54$2,705,753$1,553,712$1,306,696$2,146,966
55$2,938,461$1,586,565$1,307,192$2,268,822
56$3,193,543$1,619,665$1,306,341$2,401,035
57$3,473,236$1,652,980$1,304,055$2,544,632
58$3,780,007$1,686,477$1,300,242$2,700,747
59$4,116,572$1,720,120$1,294,805$2,870,631
60$4,485,925$1,753,867$1,287,643$3,055,663
61$4,891,358$1,787,677$1,278,648$3,257,364
62$5,336,505$1,821,500$1,267,711$3,477,408
63$5,825,362$1,855,287$1,254,713$3,717,645
64$6,362,335$1,888,983$1,239,532$3,980,114
65$6,952,278$1,922,528$1,222,041$4,267,060
66$7,600,536$1,955,857$1,202,104$4,580,962
67$8,312,998$1,988,902$1,179,583$4,924,553
68$9,096,154$2,021,588$1,154,329$5,300,845
69$9,957,151$2,053,835$1,126,188$5,713,159
70$10,903,865$2,085,558$1,095,001$6,165,158
71$11,944,974$2,116,665$1,060,597$6,660,880
72$13,090,036$2,147,056$1,022,802$7,204,778
73$14,349,585$2,176,627$981,431$7,801,760
74$15,735,226$2,205,265$936,292$8,457,239
75$17,259,744$2,232,848$887,183$9,177,182
76$18,937,228$2,259,248$833,894$9,968,168
77$20,783,201$2,284,327$776,205$10,837,451
78$22,814,766$2,307,937$713,886$11,793,028
79$25,050,768$2,329,922$646,698$12,843,714
80$27,511,973$2,350,115$574,389$13,999,231
81$30,221,260$2,368,336$496,697$15,270,292
82$33,203,842$2,384,398$413,349$16,668,713
83$36,487,497$2,398,096$324,059$18,207,515
84$40,102,836$2,409,218$228,530$19,901,055
85$44,083,588$2,417,533$126,449$21,765,161
86$48,466,921$2,422,798$17,492$23,817,279
87$53,293,788$2,424,756$0$26,076,643
88$58,609,317$2,423,133$0$28,589,752
89$64,463,237$2,417,635$0$31,361,105
90$70,910,343$2,407,956$0$34,412,075
91$78,011,018$2,393,765$0$37,771,162
92$85,831,798$2,374,715$0$41,469,773
93$94,446,002$2,350,437$0$45,542,523
94$103,934,425$2,320,540$0$50,027,560
95$114,386,098$2,284,607$0$54,966,928
96$125,899,127$2,242,201$0$60,406,964
97$138,581,624$2,192,854$0$66,398,735
98$152,552,720$2,136,074$0$72,998,520
99$167,943,694$2,071,339$0$80,268,347
100$184,899,211$1,998,095$0$88,276,573