Can I retire at age 45 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$100,746$99,849$98,974$98,119$97,285$96,149
2 years$49,874$48,946$48,045$47,173$46,326$45,183
3 years$32,919$31,987$31,089$30,224$29,391$28,276
4 years$24,443$23,513$22,625$21,775$20,962$19,883
5 years$19,359$18,435$17,558$16,725$15,935$14,896
6 years$15,971$15,053$14,189$13,375$12,609$11,611
7 years$13,552$12,642$11,791$10,996$10,254$9,298
8 years$11,738$10,836$10,000$9,225$8,507$7,592
9 years$10,328$9,435$8,613$7,857$7,164$6,290
10 years$9,201$8,317$7,509$6,773$6,104$5,271
11 years$8,279$7,404$6,611$5,895$5,250$4,456
12 years$7,512$6,645$5,867$5,170$4,549$3,795
13 years$6,863$6,005$5,242$4,565$3,967$3,250
14 years$6,307$5,459$4,710$4,052$3,478$2,798
15 years$5,826$4,987$4,252$3,614$3,062$2,418
16 years$5,405$4,575$3,855$3,236$2,706$2,097
17 years$5,034$4,213$3,508$2,907$2,399$1,823
18 years$4,705$3,893$3,202$2,620$2,133$1,590
19 years$4,411$3,608$2,932$2,367$1,902$1,389
20 years$4,146$3,353$2,691$2,144$1,699$1,216
21 years$3,907$3,123$2,475$1,946$1,520$1,066
22 years$3,690$2,915$2,281$1,769$1,362$936
23 years$3,493$2,727$2,106$1,611$1,223$823
24 years$3,312$2,555$1,948$1,470$1,099$724
25 years$3,145$2,398$1,804$1,342$989$637
26 years$2,992$2,253$1,673$1,227$891$562
27 years$2,850$2,121$1,554$1,123$803$495
28 years$2,719$1,998$1,444$1,029$725$437
29 years$2,597$1,885$1,344$944$655$386
30 years$2,483$1,780$1,252$866$591$341
31 years$2,377$1,683$1,167$795$535$301
32 years$2,278$1,592$1,089$731$484$266
33 years$2,185$1,508$1,017$672$438$236
34 years$2,097$1,429$950$619$396$208
35 years$2,015$1,356$888$569$359$184
36 years$1,938$1,287$831$524$325$163
37 years$1,864$1,222$778$483$295$144
38 years$1,795$1,161$728$445$267$128
39 years$1,730$1,104$682$411$242$113
40 years$1,668$1,051$640$379$220$100
41 years$1,609$1,000$600$349$199$89
42 years$1,553$953$563$323$181$79
43 years$1,500$908$528$298$164$70
44 years$1,450$865$495$275$149$62
45 years$1,401$825$465$254$135$55
46 years$1,355$787$437$234$123$48
47 years$1,312$751$411$217$112$43
48 years$1,270$717$386$200$101$38
49 years$1,230$685$363$185$92$34
50 years$1,191$654$341$171$84$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,220,000, adding $6,817 every year, while hoping to spend $42,481 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: 70/7/23 Blend
44$1,220,000$1,220,000$1,220,000$1,220,000
45$1,351,472$1,286,812$1,267,902$1,437,822
46$1,444,122$1,304,666$1,265,177$1,514,267
47$1,544,800$1,321,971$1,260,937$1,592,310
48$1,654,277$1,338,656$1,255,087$1,676,717
49$1,773,407$1,354,644$1,247,525$1,768,115
50$1,903,125$1,369,852$1,238,148$1,867,196
51$2,044,463$1,384,193$1,226,845$1,974,723
52$2,198,554$1,397,575$1,213,500$2,091,537
53$2,366,648$1,409,897$1,197,994$2,218,565
54$2,550,118$1,421,054$1,180,199$2,356,829
55$2,750,477$1,430,934$1,159,983$2,507,457
56$2,969,391$1,439,415$1,137,208$2,671,692
57$3,208,693$1,446,370$1,111,728$2,850,903
58$3,470,401$1,451,663$1,083,392$3,046,603
59$3,756,737$1,455,150$1,052,041$3,260,457
60$4,070,149$1,456,677$1,017,509$3,494,302
61$4,413,331$1,456,081$979,622$3,750,165
62$4,789,250$1,453,188$938,199$4,030,277
63$5,201,174$1,447,815$893,049$4,337,102
64$5,652,703$1,439,767$843,975$4,673,354
65$6,147,799$1,428,836$790,769$5,042,026
66$6,690,828$1,414,803$733,213$5,446,419
67$7,286,599$1,397,434$671,082$5,890,171
68$7,940,408$1,376,484$604,139$6,377,293
69$8,658,088$1,351,690$532,137$6,912,208
70$9,446,066$1,322,776$454,816$7,499,792
71$10,311,421$1,289,448$371,909$8,145,419
72$11,261,950$1,251,396$283,132$8,855,015
73$12,306,244$1,208,290$188,192$9,635,114
74$13,453,767$1,159,782$86,783$10,492,918
75$14,714,945$1,105,504$0$11,436,365
76$16,101,262$1,045,067$0$12,479,470
77$17,625,374$978,059$0$13,649,689
78$19,301,222$904,043$0$14,936,425
79$21,144,164$822,559$0$16,351,491
80$23,171,125$733,121$0$17,907,907
81$25,400,749$635,213$0$19,620,015
82$27,853,579$528,292$0$21,503,623
83$30,552,249$411,783$0$23,576,147
84$33,521,698$285,080$0$25,856,780
85$36,789,404$147,542$0$28,366,671
86$40,385,644$0$0$31,129,125
87$44,343,777$0$0$34,169,939
88$48,700,562$0$0$37,529,602
89$53,496,501$0$0$41,227,992
90$58,776,223$0$0$45,299,534
91$64,588,904$0$0$49,782,162
92$70,988,729$0$0$54,717,673
93$78,035,407$0$0$60,152,125
94$85,794,730$0$0$66,136,269
95$94,339,195$0$0$72,726,027
96$103,748,687$0$0$79,983,021
97$114,111,235$0$0$87,975,156
98$125,523,838$0$0$96,777,255
99$138,093,385$0$0$106,471,771
100$151,937,657$0$0$117,149,559