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%14.3%
1 years$100,746$99,849$98,974$98,119$97,285$95,555
2 years$49,874$48,946$48,045$47,173$46,326$44,589
3 years$32,919$31,987$31,089$30,224$29,391$27,702
4 years$24,443$23,513$22,625$21,775$20,962$19,332
5 years$19,359$18,435$17,558$16,725$15,935$14,370
6 years$15,971$15,053$14,189$13,375$12,609$11,111
7 years$13,552$12,642$11,791$10,996$10,254$8,823
8 years$11,738$10,836$10,000$9,225$8,507$7,142
9 years$10,328$9,435$8,613$7,857$7,164$5,865
10 years$9,201$8,317$7,509$6,773$6,104$4,870
11 years$8,279$7,404$6,611$5,895$5,250$4,079
12 years$7,512$6,645$5,867$5,170$4,549$3,440
13 years$6,863$6,005$5,242$4,565$3,967$2,918
14 years$6,307$5,459$4,710$4,052$3,478$2,486
15 years$5,826$4,987$4,252$3,614$3,062$2,127
16 years$5,405$4,575$3,855$3,236$2,706$1,825
17 years$5,034$4,213$3,508$2,907$2,399$1,571
18 years$4,705$3,893$3,202$2,620$2,133$1,355
19 years$4,411$3,608$2,932$2,367$1,902$1,171
20 years$4,146$3,353$2,691$2,144$1,699$1,013
21 years$3,907$3,123$2,475$1,946$1,520$878
22 years$3,690$2,915$2,281$1,769$1,362$762
23 years$3,493$2,727$2,106$1,611$1,223$662
24 years$3,312$2,555$1,948$1,470$1,099$576
25 years$3,145$2,398$1,804$1,342$989$501
26 years$2,992$2,253$1,673$1,227$891$437
27 years$2,850$2,121$1,554$1,123$803$380
28 years$2,719$1,998$1,444$1,029$725$332
29 years$2,597$1,885$1,344$944$655$289
30 years$2,483$1,780$1,252$866$591$252
31 years$2,377$1,683$1,167$795$535$220
32 years$2,278$1,592$1,089$731$484$192
33 years$2,185$1,508$1,017$672$438$168
34 years$2,097$1,429$950$619$396$147
35 years$2,015$1,356$888$569$359$128
36 years$1,938$1,287$831$524$325$112
37 years$1,864$1,222$778$483$295$98
38 years$1,795$1,161$728$445$267$86
39 years$1,730$1,104$682$411$242$75
40 years$1,668$1,051$640$379$220$65
41 years$1,609$1,000$600$349$199$57
42 years$1,553$953$563$323$181$50
43 years$1,500$908$528$298$164$44
44 years$1,450$865$495$275$149$38
45 years$1,401$825$465$254$135$33
46 years$1,355$787$437$234$123$29
47 years$1,312$751$411$217$112$26
48 years$1,270$717$386$200$101$22
49 years$1,230$685$363$185$92$20
50 years$1,191$654$341$171$84$17

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 $2,775 every year, while hoping to spend $47,660 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: 60/25/15 Blend
44$1,220,000$1,220,000$1,220,000$1,220,000
45$1,347,302$1,282,642$1,263,732$1,422,895
46$1,434,017$1,294,782$1,255,358$1,486,320
47$1,527,980$1,305,919$1,245,105$1,549,905
48$1,629,879$1,315,954$1,232,861$1,618,143
49$1,740,472$1,324,782$1,218,507$1,691,491
50$1,860,593$1,332,288$1,201,920$1,770,449
51$1,991,157$1,338,354$1,182,968$1,855,573
52$2,133,174$1,342,852$1,161,516$1,947,475
53$2,287,752$1,345,647$1,137,422$2,046,831
54$2,456,113$1,346,594$1,110,535$2,154,387
55$2,639,600$1,345,540$1,080,701$2,270,967
56$2,839,690$1,342,322$1,047,756$2,397,482
57$3,058,011$1,336,769$1,011,529$2,534,934
58$3,296,355$1,328,697$971,841$2,684,434
59$3,556,691$1,317,912$928,506$2,847,204
60$3,841,192$1,304,207$881,329$3,024,596
61$4,152,246$1,287,366$830,106$3,218,100
62$4,492,483$1,267,155$774,623$3,429,364
63$4,864,802$1,243,331$714,658$3,660,202
64$5,272,390$1,215,632$649,977$3,912,621
65$5,718,761$1,183,785$580,339$4,188,833
66$6,207,782$1,147,498$505,488$4,491,280
67$6,743,713$1,106,463$425,159$4,822,656
68$7,331,245$1,060,353$339,075$5,185,935
69$7,975,545$1,008,824$246,947$5,584,399
70$8,682,304$951,510$148,473$6,021,667
71$9,457,790$888,024$43,338$6,501,735
72$10,308,907$817,960$0$7,029,009
73$11,243,260$740,885$0$7,619,373
74$12,269,227$656,343$0$8,275,288
75$13,396,036$563,851$0$8,995,787
76$14,633,853$462,901$0$9,787,457
77$15,993,877$352,954$0$10,657,561
78$17,488,446$233,442$0$11,614,108
79$19,131,151$103,764$0$12,665,927
80$20,936,967$0$0$13,822,752
81$22,922,391$0$0$15,105,415
82$25,105,598$0$0$16,547,349
83$27,506,614$0$0$18,133,248
84$30,147,502$0$0$19,877,698
85$33,052,569$0$0$21,796,770
86$36,248,599$0$0$23,908,171
87$39,765,101$0$0$26,231,411
88$43,634,589$0$0$28,787,986
89$47,892,888$0$0$31,601,583
90$52,579,473$0$0$34,698,299
91$57,737,837$0$0$38,106,891
92$63,415,904$0$0$41,859,044
93$69,666,482$0$0$45,989,672
94$76,547,756$0$0$50,537,246
95$84,123,843$0$0$55,544,156
96$92,465,389$0$0$61,057,113
97$101,650,241$0$0$67,127,586
98$111,764,180$0$0$73,812,290
99$122,901,728$0$0$81,173,722
100$135,167,040$0$0$89,280,746