Can I retire at age 45 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$102,398$101,486$100,596$99,727$98,879$98,421
2 years$50,692$49,748$48,833$47,946$47,085$46,623
3 years$33,459$32,511$31,598$30,719$29,873$29,421
4 years$24,844$23,899$22,995$22,132$21,306$20,867
5 years$19,677$18,737$17,845$16,999$16,196$15,772
6 years$16,233$15,300$14,422$13,594$12,815$12,407
7 years$13,774$12,849$11,985$11,177$10,422$10,029
8 years$11,930$11,014$10,164$9,376$8,646$8,269
9 years$10,497$9,590$8,754$7,986$7,282$6,919
10 years$9,352$8,453$7,632$6,884$6,204$5,857
11 years$8,415$7,525$6,719$5,991$5,336$5,004
12 years$7,635$6,754$5,963$5,255$4,624$4,307
13 years$6,975$6,104$5,328$4,640$4,032$3,730
14 years$6,410$5,548$4,787$4,118$3,535$3,246
15 years$5,921$5,068$4,322$3,673$3,112$2,838
16 years$5,494$4,650$3,918$3,289$2,750$2,490
17 years$5,117$4,283$3,566$2,955$2,439$2,191
18 years$4,782$3,957$3,255$2,663$2,168$1,933
19 years$4,483$3,668$2,980$2,406$1,933$1,710
20 years$4,214$3,408$2,735$2,179$1,726$1,515
21 years$3,971$3,174$2,515$1,978$1,545$1,345
22 years$3,751$2,963$2,318$1,798$1,385$1,196
23 years$3,550$2,771$2,141$1,638$1,243$1,065
24 years$3,366$2,597$1,980$1,494$1,117$949
25 years$3,197$2,437$1,834$1,364$1,005$847
26 years$3,041$2,290$1,701$1,247$906$757
27 years$2,897$2,155$1,579$1,142$817$676
28 years$2,764$2,031$1,468$1,046$737$605
29 years$2,640$1,916$1,366$959$665$542
30 years$2,524$1,810$1,272$880$601$485
31 years$2,416$1,711$1,186$809$543$435
32 years$2,315$1,619$1,107$743$492$390
33 years$2,221$1,533$1,033$683$445$350
34 years$2,132$1,453$966$629$403$314
35 years$2,048$1,378$903$579$365$281
36 years$1,969$1,308$844$533$331$253
37 years$1,895$1,242$790$491$300$227
38 years$1,825$1,180$740$453$272$204
39 years$1,758$1,123$693$417$246$183
40 years$1,695$1,068$650$385$223$165
41 years$1,635$1,017$609$355$203$148
42 years$1,579$968$572$328$184$133
43 years$1,525$922$536$303$167$120
44 years$1,473$879$504$279$152$107
45 years$1,424$839$473$258$138$97
46 years$1,378$800$444$238$125$87
47 years$1,333$763$417$220$113$78
48 years$1,290$729$392$203$103$70
49 years$1,250$696$369$188$94$63
50 years$1,211$665$346$174$85$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,240,000, adding $5,977 every year, while hoping to spend $29,958 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: 61/32/7 Blend
44$1,240,000$1,240,000$1,240,000$1,240,000
45$1,372,645$1,306,925$1,287,705$1,454,093
46$1,480,780$1,339,090$1,298,968$1,541,447
47$1,598,940$1,371,826$1,309,605$1,632,716
48$1,728,118$1,405,130$1,319,562$1,731,535
49$1,869,402$1,438,999$1,328,784$1,838,631
50$2,023,996$1,473,424$1,337,213$1,954,806
51$2,193,222$1,508,400$1,344,788$2,080,943
52$2,378,536$1,543,918$1,351,444$2,218,013
53$2,581,543$1,579,966$1,357,113$2,367,086
54$2,804,010$1,616,533$1,361,725$2,529,341
55$3,047,881$1,653,605$1,365,205$2,706,076
56$3,315,299$1,691,166$1,367,474$2,898,719
57$3,608,625$1,729,199$1,368,450$3,108,846
58$3,930,458$1,767,683$1,368,046$3,338,191
59$4,283,661$1,806,596$1,366,172$3,588,664
60$4,671,388$1,845,913$1,362,733$3,862,372
61$5,097,113$1,885,606$1,357,628$4,161,632
62$5,564,664$1,925,646$1,350,753$4,489,001
63$6,078,255$1,965,998$1,341,999$4,847,292
64$6,642,532$2,006,627$1,331,251$5,239,607
65$7,262,610$2,047,491$1,318,388$5,669,363
66$7,944,126$2,088,548$1,303,284$6,140,326
67$8,693,290$2,129,750$1,285,806$6,656,645
68$9,516,942$2,171,045$1,265,818$7,222,891
69$10,422,621$2,212,376$1,243,173$7,844,102
70$11,418,630$2,253,684$1,217,721$8,525,828
71$12,514,118$2,294,903$1,189,303$9,274,187
72$13,719,166$2,335,961$1,157,752$10,095,919
73$15,044,880$2,376,782$1,122,896$10,998,452
74$16,503,496$2,417,283$1,084,552$11,989,971
75$18,108,499$2,457,376$1,042,531$13,079,497
76$19,874,745$2,496,966$996,634$14,276,969
77$21,818,601$2,535,950$946,653$15,593,343
78$23,958,105$2,574,218$892,372$17,040,690
79$26,313,129$2,611,652$833,564$18,632,313
80$28,905,571$2,648,126$769,992$20,382,873
81$31,759,561$2,683,505$701,408$22,308,528
82$34,901,684$2,717,645$627,554$24,427,082
83$38,361,238$2,750,392$548,158$26,758,157
84$42,170,502$2,781,579$462,940$29,323,379
85$46,365,049$2,811,032$371,604$32,146,578
86$50,984,074$2,838,563$273,843$35,254,018
87$56,070,768$2,863,971$169,335$38,674,643
88$61,672,724$2,887,043$57,746$42,440,349
89$67,842,386$2,907,552$0$46,586,289
90$74,637,543$2,925,256$0$51,155,785
91$82,121,876$2,939,897$0$56,191,849
92$90,365,557$2,951,202$0$61,737,243
93$99,445,912$2,958,878$0$67,843,849
94$109,448,149$2,962,618$0$74,568,842
95$120,466,166$2,962,092$0$81,975,232
96$132,603,431$2,956,950$0$90,132,454
97$145,973,962$2,946,823$0$99,117,031
98$160,703,406$2,931,316$0$109,013,291
99$176,930,215$2,910,012$0$119,914,165
100$194,806,963$2,882,469$0$131,922,068