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%13.2%
1 years$101,572$100,667$99,785$98,923$98,082$96,776
2 years$50,283$49,347$48,439$47,559$46,706$45,392
3 years$33,189$32,249$31,343$30,472$29,632$28,352
4 years$24,644$23,706$22,810$21,953$21,134$19,896
5 years$19,518$18,586$17,701$16,862$16,066$14,875
6 years$16,102$15,177$14,305$13,485$12,712$11,569
7 years$13,663$12,745$11,888$11,087$10,338$9,244
8 years$11,834$10,925$10,082$9,300$8,577$7,531
9 years$10,413$9,512$8,683$7,922$7,223$6,225
10 years$9,276$8,385$7,570$6,829$6,154$5,203
11 years$8,347$7,464$6,665$5,943$5,293$4,388
12 years$7,573$6,700$5,915$5,213$4,587$3,727
13 years$6,919$6,055$5,285$4,602$4,000$3,184
14 years$6,359$5,503$4,748$4,085$3,506$2,733
15 years$5,873$5,027$4,287$3,643$3,087$2,356
16 years$5,449$4,613$3,887$3,262$2,728$2,037
17 years$5,076$4,248$3,537$2,931$2,419$1,767
18 years$4,744$3,925$3,229$2,641$2,151$1,536
19 years$4,447$3,638$2,956$2,387$1,917$1,338
20 years$4,180$3,381$2,713$2,162$1,712$1,168
21 years$3,939$3,149$2,495$1,962$1,532$1,021
22 years$3,721$2,939$2,300$1,784$1,374$893
23 years$3,521$2,749$2,123$1,625$1,233$783
24 years$3,339$2,576$1,964$1,482$1,108$687
25 years$3,171$2,417$1,819$1,353$997$603
26 years$3,017$2,272$1,687$1,237$898$530
27 years$2,874$2,138$1,566$1,132$810$466
28 years$2,741$2,015$1,456$1,038$731$410
29 years$2,618$1,901$1,355$951$660$360
30 years$2,504$1,795$1,262$873$596$317
31 years$2,397$1,697$1,177$802$539$280
32 years$2,297$1,606$1,098$737$488$246
33 years$2,203$1,520$1,025$678$441$217
34 years$2,115$1,441$958$624$400$191
35 years$2,032$1,367$895$574$362$169
36 years$1,954$1,297$838$529$328$149
37 years$1,880$1,232$784$487$297$131
38 years$1,810$1,171$734$449$269$116
39 years$1,744$1,113$688$414$244$102
40 years$1,682$1,059$645$382$222$90
41 years$1,622$1,008$605$352$201$80
42 years$1,566$960$567$325$182$70
43 years$1,512$915$532$300$166$62
44 years$1,461$872$500$277$150$55
45 years$1,413$832$469$256$136$48
46 years$1,366$793$441$236$124$43
47 years$1,322$757$414$218$112$38
48 years$1,280$723$389$202$102$33
49 years$1,240$690$366$187$93$29
50 years$1,201$659$344$172$84$26

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 $6,241 every year, while hoping to spend $40,400 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: 75/20/5 Blend
44$1,230,000$1,230,000$1,230,000$1,230,000
45$1,361,898$1,296,708$1,277,643$1,463,113
46$1,457,826$1,317,261$1,277,458$1,551,049
47$1,562,185$1,337,467$1,275,914$1,641,580
48$1,675,792$1,357,267$1,272,921$1,739,598
49$1,799,546$1,376,597$1,268,387$1,845,829
50$1,934,437$1,395,387$1,262,215$1,961,070
51$2,081,553$1,413,566$1,254,304$2,086,202
52$2,242,095$1,431,053$1,244,546$2,222,194
53$2,417,381$1,447,767$1,232,831$2,370,112
54$2,608,864$1,463,618$1,219,041$2,531,133
55$2,818,142$1,478,510$1,203,053$2,706,553
56$3,046,977$1,492,341$1,184,740$2,897,798
57$3,297,307$1,505,004$1,163,967$3,106,441
58$3,571,266$1,516,383$1,140,593$3,334,216
59$3,871,205$1,526,355$1,114,472$3,583,030
60$4,199,710$1,534,789$1,085,450$3,854,987
61$4,559,633$1,541,546$1,053,365$4,152,407
62$4,954,112$1,546,478$1,018,049$4,477,843
63$5,386,603$1,549,427$979,325$4,834,111
64$5,860,915$1,550,228$937,011$5,224,313
65$6,381,240$1,548,701$890,913$5,651,867
66$6,952,198$1,544,658$840,829$6,120,542
67$7,578,875$1,537,899$786,550$6,634,490
68$8,266,877$1,528,212$727,856$7,198,286
69$9,022,375$1,515,372$664,516$7,816,974
70$9,852,171$1,499,139$596,292$8,496,113
71$10,763,757$1,479,261$522,931$9,241,828
72$11,765,383$1,455,468$444,173$10,060,869
73$12,866,143$1,427,477$359,744$10,960,679
74$14,076,053$1,394,986$269,358$11,949,457
75$15,406,146$1,357,676$172,717$13,036,241
76$16,868,580$1,315,210$69,510$14,230,993
77$18,476,750$1,267,229$0$15,544,692
78$20,245,411$1,213,356$0$16,991,604
79$22,190,823$1,153,191$0$18,586,997
80$24,330,898$1,086,309$0$20,341,874
81$26,685,375$1,012,263$0$22,272,455
82$29,275,999$930,580$0$24,396,615
83$32,126,732$840,759$0$26,734,050
84$35,263,973$742,270$0$29,306,472
85$38,716,813$634,556$0$32,137,806
86$42,517,304$517,026$0$35,254,418
87$46,700,763$389,054$0$38,685,369
88$51,306,106$249,983$0$42,462,683
89$56,376,212$99,116$0$46,621,655
90$61,958,332$0$0$51,201,183
91$68,104,527$0$0$56,258,280
92$74,872,168$0$0$61,850,787
93$82,324,469$0$0$68,009,135
94$90,531,087$0$0$74,790,896
95$99,568,781$0$0$82,259,509
96$109,522,130$0$0$90,484,878
97$120,484,338$0$0$99,544,035
98$132,558,105$0$0$109,521,861
99$145,856,604$0$0$120,511,892
100$160,504,543$0$0$132,617,198