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%16.9%
1 years$101,572$100,667$99,785$98,923$98,082$95,324
2 years$50,283$49,347$48,439$47,559$46,706$43,949
3 years$33,189$32,249$31,343$30,472$29,632$26,962
4 years$24,644$23,706$22,810$21,953$21,134$18,571
5 years$19,518$18,586$17,701$16,862$16,066$13,617
6 years$16,102$15,177$14,305$13,485$12,712$10,380
7 years$13,663$12,745$11,888$11,087$10,338$8,123
8 years$11,834$10,925$10,082$9,300$8,577$6,476
9 years$10,413$9,512$8,683$7,922$7,223$5,236
10 years$9,276$8,385$7,570$6,829$6,154$4,278
11 years$8,347$7,464$6,665$5,943$5,293$3,524
12 years$7,573$6,700$5,915$5,213$4,587$2,922
13 years$6,919$6,055$5,285$4,602$4,000$2,436
14 years$6,359$5,503$4,748$4,085$3,506$2,039
15 years$5,873$5,027$4,287$3,643$3,087$1,713
16 years$5,449$4,613$3,887$3,262$2,728$1,443
17 years$5,076$4,248$3,537$2,931$2,419$1,219
18 years$4,744$3,925$3,229$2,641$2,151$1,031
19 years$4,447$3,638$2,956$2,387$1,917$874
20 years$4,180$3,381$2,713$2,162$1,712$742
21 years$3,939$3,149$2,495$1,962$1,532$630
22 years$3,721$2,939$2,300$1,784$1,374$536
23 years$3,521$2,749$2,123$1,625$1,233$457
24 years$3,339$2,576$1,964$1,482$1,108$389
25 years$3,171$2,417$1,819$1,353$997$332
26 years$3,017$2,272$1,687$1,237$898$283
27 years$2,874$2,138$1,566$1,132$810$241
28 years$2,741$2,015$1,456$1,038$731$206
29 years$2,618$1,901$1,355$951$660$176
30 years$2,504$1,795$1,262$873$596$150
31 years$2,397$1,697$1,177$802$539$128
32 years$2,297$1,606$1,098$737$488$110
33 years$2,203$1,520$1,025$678$441$94
34 years$2,115$1,441$958$624$400$80
35 years$2,032$1,367$895$574$362$68
36 years$1,954$1,297$838$529$328$59
37 years$1,880$1,232$784$487$297$50
38 years$1,810$1,171$734$449$269$43
39 years$1,744$1,113$688$414$244$37
40 years$1,682$1,059$645$382$222$31
41 years$1,622$1,008$605$352$201$27
42 years$1,566$960$567$325$182$23
43 years$1,512$915$532$300$166$20
44 years$1,461$872$500$277$150$17
45 years$1,413$832$469$256$136$14
46 years$1,366$793$441$236$124$12
47 years$1,322$757$414$218$112$10
48 years$1,280$723$389$202$102$9
49 years$1,240$690$366$187$93$8
50 years$1,201$659$344$172$84$7

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 $3,675 every year, while hoping to spend $27,581 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: 50/20/30 Blend
44$1,230,000$1,230,000$1,230,000$1,230,000
45$1,359,251$1,294,061$1,274,996$1,415,485
46$1,468,548$1,328,124$1,288,362$1,489,346
47$1,588,070$1,362,931$1,301,252$1,566,567
48$1,718,829$1,398,491$1,313,620$1,649,978
49$1,861,942$1,434,810$1,325,419$1,740,181
50$2,018,638$1,471,894$1,336,598$1,837,839
51$2,190,271$1,509,748$1,347,106$1,943,683
52$2,378,331$1,548,378$1,356,886$2,058,517
53$2,584,459$1,587,787$1,365,880$2,183,229
54$2,810,464$1,627,978$1,374,027$2,318,797
55$3,058,337$1,668,955$1,381,263$2,466,299
56$3,330,271$1,710,717$1,387,518$2,626,923
57$3,628,681$1,753,265$1,392,723$2,801,976
58$3,956,229$1,796,597$1,396,802$2,992,903
59$4,315,846$1,840,712$1,399,676$3,201,294
60$4,710,760$1,885,605$1,401,263$3,428,900
61$5,144,529$1,931,270$1,401,477$3,677,654
62$5,621,069$1,977,702$1,400,225$3,949,686
63$6,144,699$2,024,890$1,397,413$4,247,342
64$6,720,173$2,072,824$1,392,941$4,573,209
65$7,352,730$2,121,491$1,386,704$4,930,138
66$8,048,141$2,170,877$1,378,591$5,321,274
67$8,812,765$2,220,964$1,368,487$5,750,079
68$9,653,607$2,271,731$1,356,272$6,220,373
69$10,578,387$2,323,158$1,341,819$6,736,364
70$11,595,608$2,375,218$1,324,996$7,302,693
71$12,714,640$2,427,883$1,305,662$7,924,472
72$13,945,805$2,481,122$1,283,674$8,607,338
73$15,300,479$2,534,899$1,258,879$9,357,505
74$16,791,194$2,589,175$1,231,118$10,181,820
75$18,431,759$2,643,908$1,200,224$11,087,832
76$20,237,390$2,699,051$1,166,022$12,083,860
77$22,224,851$2,754,551$1,128,331$13,179,075
78$24,412,615$2,810,354$1,086,960$14,383,584
79$26,821,037$2,866,396$1,041,708$15,708,529
80$29,472,546$2,922,613$992,369$17,166,189
81$32,391,856$2,978,931$938,723$18,770,099
82$35,606,197$3,035,271$880,543$20,535,177
83$39,145,579$3,091,548$817,590$22,477,865
84$43,043,065$3,147,671$749,616$24,616,285
85$47,335,091$3,203,541$676,362$26,970,413
86$52,061,805$3,259,049$597,555$29,562,263
87$57,267,447$3,314,081$512,911$32,416,101
88$63,000,769$3,368,512$422,135$35,558,669
89$69,315,488$3,422,210$324,918$39,019,444
90$76,270,801$3,475,032$220,936$42,830,912
91$83,931,938$3,526,823$109,852$47,028,879
92$92,370,778$3,577,420$0$51,652,807
93$101,666,530$3,626,646$0$56,748,973
94$111,906,477$3,674,314$0$62,400,235
95$123,186,803$3,720,220$0$68,624,346
96$135,613,498$3,764,151$0$75,479,660
97$149,303,356$3,805,877$0$83,030,484
98$164,385,085$3,845,151$0$91,347,681
99$181,000,512$3,881,712$0$100,509,343
100$199,305,930$3,915,282$0$110,601,527