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

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$101,572$100,667$99,785$98,923$98,082$95,095
2 years$50,283$49,347$48,439$47,559$46,706$43,722
3 years$33,189$32,249$31,343$30,472$29,632$26,745
4 years$24,644$23,706$22,810$21,953$21,134$18,366
5 years$19,518$18,586$17,701$16,862$16,066$13,424
6 years$16,102$15,177$14,305$13,485$12,712$10,199
7 years$13,663$12,745$11,888$11,087$10,338$7,954
8 years$11,834$10,925$10,082$9,300$8,577$6,320
9 years$10,413$9,512$8,683$7,922$7,223$5,090
10 years$9,276$8,385$7,570$6,829$6,154$4,144
11 years$8,347$7,464$6,665$5,943$5,293$3,400
12 years$7,573$6,700$5,915$5,213$4,587$2,808
13 years$6,919$6,055$5,285$4,602$4,000$2,332
14 years$6,359$5,503$4,748$4,085$3,506$1,944
15 years$5,873$5,027$4,287$3,643$3,087$1,626
16 years$5,449$4,613$3,887$3,262$2,728$1,364
17 years$5,076$4,248$3,537$2,931$2,419$1,147
18 years$4,744$3,925$3,229$2,641$2,151$966
19 years$4,447$3,638$2,956$2,387$1,917$815
20 years$4,180$3,381$2,713$2,162$1,712$689
21 years$3,939$3,149$2,495$1,962$1,532$583
22 years$3,721$2,939$2,300$1,784$1,374$493
23 years$3,521$2,749$2,123$1,625$1,233$418
24 years$3,339$2,576$1,964$1,482$1,108$354
25 years$3,171$2,417$1,819$1,353$997$301
26 years$3,017$2,272$1,687$1,237$898$255
27 years$2,874$2,138$1,566$1,132$810$217
28 years$2,741$2,015$1,456$1,038$731$184
29 years$2,618$1,901$1,355$951$660$156
30 years$2,504$1,795$1,262$873$596$133
31 years$2,397$1,697$1,177$802$539$113
32 years$2,297$1,606$1,098$737$488$96
33 years$2,203$1,520$1,025$678$441$82
34 years$2,115$1,441$958$624$400$69
35 years$2,032$1,367$895$574$362$59
36 years$1,954$1,297$838$529$328$50
37 years$1,880$1,232$784$487$297$43
38 years$1,810$1,171$734$449$269$36
39 years$1,744$1,113$688$414$244$31
40 years$1,682$1,059$645$382$222$26
41 years$1,622$1,008$605$352$201$22
42 years$1,566$960$567$325$182$19
43 years$1,512$915$532$300$166$16
44 years$1,461$872$500$277$150$14
45 years$1,413$832$469$256$136$12
46 years$1,366$793$441$236$124$10
47 years$1,322$757$414$218$112$9
48 years$1,280$723$389$202$102$7
49 years$1,240$690$366$187$93$6
50 years$1,201$659$344$172$84$5

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 $4,144 every year, while hoping to spend $30,795 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: 40/30/30 Blend
44$1,230,000$1,230,000$1,230,000$1,230,000
45$1,359,735$1,294,545$1,275,480$1,401,946
46$1,465,662$1,325,212$1,285,442$1,463,807
47$1,581,362$1,356,349$1,294,707$1,527,547
48$1,707,798$1,387,948$1,303,217$1,595,932
49$1,846,033$1,419,997$1,310,915$1,669,411
50$1,997,235$1,452,483$1,317,737$1,748,473
51$2,162,691$1,485,393$1,323,619$1,833,664
52$2,343,819$1,518,711$1,328,494$1,925,580
53$2,542,178$1,552,417$1,332,288$2,024,882
54$2,759,488$1,586,493$1,334,927$2,132,298
55$2,997,640$1,620,916$1,336,332$2,248,631
56$3,258,719$1,655,661$1,336,419$2,374,765
57$3,545,022$1,690,701$1,335,102$2,511,679
58$3,859,075$1,726,007$1,332,289$2,660,447
59$4,203,664$1,761,544$1,327,884$2,822,258
60$4,581,857$1,797,279$1,321,787$2,998,422
61$4,997,032$1,833,171$1,313,893$3,190,383
62$5,452,911$1,869,179$1,304,090$3,399,735
63$5,953,595$1,905,256$1,292,264$3,628,234
64$6,503,600$1,941,351$1,278,293$3,877,818
65$7,107,902$1,977,412$1,262,050$4,150,625
66$7,771,981$2,013,379$1,243,403$4,449,011
67$8,501,878$2,049,189$1,222,212$4,775,574
68$9,304,245$2,084,775$1,198,331$5,133,182
69$10,186,411$2,120,062$1,171,608$5,524,994
70$11,156,452$2,154,972$1,141,884$5,954,496
71$12,223,264$2,189,420$1,108,991$6,425,531
72$13,396,650$2,223,314$1,072,755$6,942,339
73$14,687,410$2,256,558$1,032,994$7,509,591
74$16,107,443$2,289,046$989,516$8,132,441
75$17,669,859$2,320,667$942,122$8,816,572
76$19,389,105$2,351,299$890,604$9,568,249
77$21,281,097$2,380,816$834,742$10,394,379
78$23,363,372$2,409,080$774,310$11,302,581
79$25,655,255$2,435,944$709,068$12,301,252
80$28,178,038$2,461,252$638,769$13,399,651
81$30,955,183$2,484,838$563,152$14,607,988
82$34,012,540$2,506,524$481,946$15,937,517
83$37,378,595$2,526,119$394,867$17,400,649
84$41,084,736$2,543,424$301,620$19,011,064
85$45,165,549$2,558,222$201,895$20,783,843
86$49,659,146$2,570,286$95,369$22,735,616
87$54,607,522$2,579,372$0$24,884,712
88$60,056,950$2,585,223$0$27,257,202
89$66,058,424$2,587,563$0$29,902,459
90$72,668,131$2,586,101$0$32,814,600
91$79,947,988$2,580,528$0$36,020,820
92$87,966,223$2,570,515$0$39,551,088
93$96,798,020$2,555,712$0$43,438,435
94$106,526,226$2,535,750$0$47,719,262
95$117,242,136$2,510,237$0$52,433,688
96$129,046,351$2,478,756$0$57,625,925
97$142,049,730$2,440,865$0$63,344,700
98$156,374,434$2,396,099$0$69,643,715
99$172,155,080$2,343,962$0$76,582,150
100$189,540,011$2,283,929$0$84,225,230