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

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$100,746$99,849$98,974$98,119$97,285$94,933
2 years$49,874$48,946$48,045$47,173$46,326$43,971
3 years$32,919$31,987$31,089$30,224$29,391$27,106
4 years$24,443$23,513$22,625$21,775$20,962$18,765
5 years$19,359$18,435$17,558$16,725$15,935$13,831
6 years$15,971$15,053$14,189$13,375$12,609$10,601
7 years$13,552$12,642$11,791$10,996$10,254$8,343
8 years$11,738$10,836$10,000$9,225$8,507$6,691
9 years$10,328$9,435$8,613$7,857$7,164$5,442
10 years$9,201$8,317$7,509$6,773$6,104$4,474
11 years$8,279$7,404$6,611$5,895$5,250$3,710
12 years$7,512$6,645$5,867$5,170$4,549$3,096
13 years$6,863$6,005$5,242$4,565$3,967$2,598
14 years$6,307$5,459$4,710$4,052$3,478$2,190
15 years$5,826$4,987$4,252$3,614$3,062$1,853
16 years$5,405$4,575$3,855$3,236$2,706$1,572
17 years$5,034$4,213$3,508$2,907$2,399$1,337
18 years$4,705$3,893$3,202$2,620$2,133$1,140
19 years$4,411$3,608$2,932$2,367$1,902$974
20 years$4,146$3,353$2,691$2,144$1,699$833
21 years$3,907$3,123$2,475$1,946$1,520$713
22 years$3,690$2,915$2,281$1,769$1,362$611
23 years$3,493$2,727$2,106$1,611$1,223$524
24 years$3,312$2,555$1,948$1,470$1,099$450
25 years$3,145$2,398$1,804$1,342$989$387
26 years$2,992$2,253$1,673$1,227$891$333
27 years$2,850$2,121$1,554$1,123$803$286
28 years$2,719$1,998$1,444$1,029$725$246
29 years$2,597$1,885$1,344$944$655$212
30 years$2,483$1,780$1,252$866$591$183
31 years$2,377$1,683$1,167$795$535$157
32 years$2,278$1,592$1,089$731$484$136
33 years$2,185$1,508$1,017$672$438$117
34 years$2,097$1,429$950$619$396$101
35 years$2,015$1,356$888$569$359$87
36 years$1,938$1,287$831$524$325$75
37 years$1,864$1,222$778$483$295$65
38 years$1,795$1,161$728$445$267$56
39 years$1,730$1,104$682$411$242$48
40 years$1,668$1,051$640$379$220$41
41 years$1,609$1,000$600$349$199$36
42 years$1,553$953$563$323$181$31
43 years$1,500$908$528$298$164$27
44 years$1,450$865$495$275$149$23
45 years$1,401$825$465$254$135$20
46 years$1,355$787$437$234$123$17
47 years$1,312$751$411$217$112$15
48 years$1,270$717$386$200$101$13
49 years$1,230$685$363$185$92$11
50 years$1,191$654$341$171$84$9

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 $4,588 every year, while hoping to spend $40,288 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: 60/28/12 Blend
44$1,220,000$1,220,000$1,220,000$1,220,000
45$1,349,173$1,284,513$1,265,603$1,425,946
46$1,443,922$1,304,588$1,265,134$1,498,190
47$1,546,986$1,324,296$1,263,300$1,572,004
48$1,659,169$1,343,577$1,260,011$1,651,545
49$1,781,358$1,362,367$1,255,175$1,737,369
50$1,914,529$1,380,595$1,248,696$1,830,089
51$2,059,754$1,398,187$1,240,471$1,930,380
52$2,218,216$1,415,065$1,230,393$2,038,987
53$2,391,214$1,431,144$1,218,352$2,156,731
54$2,580,181$1,446,332$1,204,229$2,284,518
55$2,786,691$1,460,535$1,187,903$2,423,346
56$3,012,481$1,473,648$1,169,245$2,574,316
57$3,259,460$1,485,563$1,148,120$2,738,644
58$3,529,731$1,496,162$1,124,389$2,917,667
59$3,825,611$1,505,321$1,097,903$3,112,863
60$4,149,650$1,512,908$1,068,510$3,325,860
61$4,504,657$1,518,783$1,036,047$3,558,455
62$4,893,724$1,522,795$1,000,346$3,812,627
63$5,320,258$1,524,786$961,232$4,090,560
64$5,788,011$1,524,587$918,520$4,394,663
65$6,301,114$1,522,019$872,017$4,727,592
66$6,864,120$1,516,890$821,522$5,092,275
67$7,482,043$1,509,000$766,825$5,491,942
68$8,160,403$1,498,133$707,705$5,930,154
69$8,905,284$1,484,062$643,934$6,410,839
70$9,723,388$1,466,545$575,271$6,938,326
71$10,622,096$1,445,329$501,465$7,517,391
72$11,609,541$1,420,140$422,254$8,153,299
73$12,694,680$1,390,693$337,366$8,851,855
74$13,887,384$1,356,684$246,514$9,619,460
75$15,198,526$1,317,790$149,401$10,463,173
76$16,640,085$1,273,672$45,716$11,390,777
77$18,225,260$1,223,967$0$12,410,851
78$19,968,590$1,168,296$0$13,541,171
79$21,886,098$1,106,254$0$14,790,639
80$23,995,434$1,037,414$0$16,164,943
81$26,316,046$961,325$0$17,676,808
82$28,869,362$877,510$0$19,340,263
83$31,678,993$785,464$0$21,170,769
84$34,770,953$684,654$0$23,185,371
85$38,173,904$574,516$0$25,402,855
86$41,919,430$454,455$0$27,843,928
87$46,042,331$323,843$0$30,531,417
88$50,580,952$182,014$0$33,490,478
89$55,577,546$28,269$0$36,748,844
90$61,078,668$0$0$40,337,079
91$67,135,618$0$0$44,331,434
92$73,804,927$0$0$48,739,333
93$81,148,881$0$0$53,593,250
94$89,236,117$0$0$58,938,566
95$98,142,269$0$0$64,825,286
96$107,950,676$0$0$71,308,514
97$118,753,174$0$0$78,448,969
98$130,650,960$0$0$86,313,560
99$143,755,547$0$0$94,976,018
100$158,189,815$0$0$104,517,589