Can I retire at age 45 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$101,572$100,667$99,785$98,923$98,082$94,904
2 years$50,283$49,347$48,439$47,559$46,706$43,534
3 years$33,189$32,249$31,343$30,472$29,632$26,566
4 years$24,644$23,706$22,810$21,953$21,134$18,197
5 years$19,518$18,586$17,701$16,862$16,066$13,266
6 years$16,102$15,177$14,305$13,485$12,712$10,051
7 years$13,663$12,745$11,888$11,087$10,338$7,817
8 years$11,834$10,925$10,082$9,300$8,577$6,192
9 years$10,413$9,512$8,683$7,922$7,223$4,972
10 years$9,276$8,385$7,570$6,829$6,154$4,035
11 years$8,347$7,464$6,665$5,943$5,293$3,300
12 years$7,573$6,700$5,915$5,213$4,587$2,717
13 years$6,919$6,055$5,285$4,602$4,000$2,248
14 years$6,359$5,503$4,748$4,085$3,506$1,868
15 years$5,873$5,027$4,287$3,643$3,087$1,557
16 years$5,449$4,613$3,887$3,262$2,728$1,301
17 years$5,076$4,248$3,537$2,931$2,419$1,090
18 years$4,744$3,925$3,229$2,641$2,151$915
19 years$4,447$3,638$2,956$2,387$1,917$769
20 years$4,180$3,381$2,713$2,162$1,712$647
21 years$3,939$3,149$2,495$1,962$1,532$545
22 years$3,721$2,939$2,300$1,784$1,374$460
23 years$3,521$2,749$2,123$1,625$1,233$388
24 years$3,339$2,576$1,964$1,482$1,108$328
25 years$3,171$2,417$1,819$1,353$997$277
26 years$3,017$2,272$1,687$1,237$898$234
27 years$2,874$2,138$1,566$1,132$810$198
28 years$2,741$2,015$1,456$1,038$731$168
29 years$2,618$1,901$1,355$951$660$142
30 years$2,504$1,795$1,262$873$596$120
31 years$2,397$1,697$1,177$802$539$102
32 years$2,297$1,606$1,098$737$488$86
33 years$2,203$1,520$1,025$678$441$73
34 years$2,115$1,441$958$624$400$62
35 years$2,032$1,367$895$574$362$52
36 years$1,954$1,297$838$529$328$44
37 years$1,880$1,232$784$487$297$37
38 years$1,810$1,171$734$449$269$32
39 years$1,744$1,113$688$414$244$27
40 years$1,682$1,059$645$382$222$23
41 years$1,622$1,008$605$352$201$19
42 years$1,566$960$567$325$182$16
43 years$1,512$915$532$300$166$14
44 years$1,461$872$500$277$150$12
45 years$1,413$832$469$256$136$10
46 years$1,366$793$441$236$124$8
47 years$1,322$757$414$218$112$7
48 years$1,280$723$389$202$102$6
49 years$1,240$690$366$187$93$5
50 years$1,201$659$344$172$84$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,230,000, adding $3,863 every year, while hoping to spend $21,240 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: 70/19/11 Blend
44$1,230,000$1,230,000$1,230,000$1,230,000
45$1,359,445$1,294,255$1,275,190$1,451,267
46$1,475,509$1,335,074$1,295,309$1,553,466
47$1,602,700$1,377,182$1,315,391$1,662,316
48$1,742,130$1,420,618$1,335,411$1,780,868
49$1,895,024$1,465,426$1,355,345$1,910,071
50$2,062,732$1,511,647$1,375,165$2,050,973
51$2,246,741$1,559,328$1,394,843$2,204,726
52$2,448,688$1,608,514$1,414,349$2,372,598
53$2,670,375$1,659,252$1,433,651$2,555,987
54$2,913,790$1,711,592$1,452,715$2,756,431
55$3,181,121$1,765,585$1,471,505$2,975,625
56$3,474,779$1,821,282$1,489,984$3,215,434
57$3,797,419$1,878,737$1,508,111$3,477,912
58$4,151,967$1,938,007$1,525,844$3,765,324
59$4,541,646$1,999,148$1,543,138$4,080,162
60$4,970,007$2,062,219$1,559,947$4,425,171
61$5,440,962$2,127,282$1,576,219$4,803,376
62$5,958,820$2,194,399$1,591,903$5,218,108
63$6,528,332$2,263,636$1,606,943$5,673,037
64$7,154,727$2,335,060$1,621,281$6,172,205
65$7,843,770$2,408,739$1,634,855$6,720,066
66$8,601,812$2,484,745$1,647,601$7,321,526
67$9,435,851$2,563,152$1,659,450$7,981,990
68$10,353,597$2,644,035$1,670,330$8,707,412
69$11,363,544$2,727,473$1,680,166$9,504,353
70$12,475,054$2,813,547$1,688,880$10,380,039
71$13,698,438$2,902,340$1,696,386$11,342,436
72$15,045,062$2,993,938$1,702,599$12,400,314
73$16,527,448$3,088,430$1,707,425$13,563,343
74$18,159,392$3,185,907$1,710,768$14,842,172
75$19,956,097$3,286,464$1,712,526$16,248,536
76$21,934,317$3,390,199$1,712,594$17,795,365
77$24,112,511$3,497,212$1,710,859$19,496,907
78$26,511,018$3,607,606$1,707,204$21,368,860
79$29,152,252$3,721,490$1,701,505$23,428,521
80$32,060,911$3,838,972$1,693,635$25,694,948
81$35,264,211$3,960,168$1,683,458$28,189,144
82$38,792,138$4,085,195$1,670,833$30,934,249
83$42,677,741$4,214,173$1,655,610$33,955,763
84$46,957,432$4,347,229$1,637,634$37,281,781
85$51,671,338$4,484,492$1,616,743$40,943,267
86$56,863,676$4,626,094$1,592,766$44,974,335
87$62,583,172$4,772,173$1,565,524$49,412,579
88$68,883,517$4,922,871$1,534,831$54,299,426
89$75,823,879$5,078,335$1,500,491$59,680,524
90$83,469,456$5,238,715$1,462,299$65,606,174
91$91,892,096$5,404,167$1,420,041$72,131,805
92$101,170,971$5,574,852$1,373,493$79,318,499
93$111,393,326$5,750,936$1,322,421$87,233,563
94$122,655,303$5,932,590$1,266,580$95,951,168
95$135,062,847$6,119,990$1,205,715$105,553,045
96$148,732,708$6,313,320$1,139,556$116,129,261
97$163,793,537$6,512,766$1,067,824$127,779,065
98$180,387,109$6,718,523$990,228$140,611,827
99$198,669,655$6,930,790$906,460$154,748,068
100$218,813,336$7,149,776$816,203$170,320,599