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%11.7%
1 years$102,398$101,486$100,596$99,727$98,879$98,174
2 years$50,692$49,748$48,833$47,946$47,085$46,374
3 years$33,459$32,511$31,598$30,719$29,873$29,178
4 years$24,844$23,899$22,995$22,132$21,306$20,632
5 years$19,677$18,737$17,845$16,999$16,196$15,546
6 years$16,233$15,300$14,422$13,594$12,815$12,190
7 years$13,774$12,849$11,985$11,177$10,422$9,821
8 years$11,930$11,014$10,164$9,376$8,646$8,070
9 years$10,497$9,590$8,754$7,986$7,282$6,729
10 years$9,352$8,453$7,632$6,884$6,204$5,676
11 years$8,415$7,525$6,719$5,991$5,336$4,831
12 years$7,635$6,754$5,963$5,255$4,624$4,143
13 years$6,975$6,104$5,328$4,640$4,032$3,574
14 years$6,410$5,548$4,787$4,118$3,535$3,099
15 years$5,921$5,068$4,322$3,673$3,112$2,698
16 years$5,494$4,650$3,918$3,289$2,750$2,357
17 years$5,117$4,283$3,566$2,955$2,439$2,066
18 years$4,782$3,957$3,255$2,663$2,168$1,815
19 years$4,483$3,668$2,980$2,406$1,933$1,599
20 years$4,214$3,408$2,735$2,179$1,726$1,411
21 years$3,971$3,174$2,515$1,978$1,545$1,247
22 years$3,751$2,963$2,318$1,798$1,385$1,104
23 years$3,550$2,771$2,141$1,638$1,243$978
24 years$3,366$2,597$1,980$1,494$1,117$868
25 years$3,197$2,437$1,834$1,364$1,005$771
26 years$3,041$2,290$1,701$1,247$906$685
27 years$2,897$2,155$1,579$1,142$817$610
28 years$2,764$2,031$1,468$1,046$737$543
29 years$2,640$1,916$1,366$959$665$484
30 years$2,524$1,810$1,272$880$601$431
31 years$2,416$1,711$1,186$809$543$384
32 years$2,315$1,619$1,107$743$492$343
33 years$2,221$1,533$1,033$683$445$306
34 years$2,132$1,453$966$629$403$273
35 years$2,048$1,378$903$579$365$244
36 years$1,969$1,308$844$533$331$218
37 years$1,895$1,242$790$491$300$195
38 years$1,825$1,180$740$453$272$174
39 years$1,758$1,123$693$417$246$156
40 years$1,695$1,068$650$385$223$139
41 years$1,635$1,017$609$355$203$124
42 years$1,579$968$572$328$184$111
43 years$1,525$922$536$303$167$99
44 years$1,473$879$504$279$152$89
45 years$1,424$839$473$258$138$80
46 years$1,378$800$444$238$125$71
47 years$1,333$763$417$220$113$64
48 years$1,290$729$392$203$103$57
49 years$1,250$696$369$188$94$51
50 years$1,211$665$346$174$85$46

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 $6,868 every year, while hoping to spend $21,646 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: 61/12/27 Blend
44$1,240,000$1,240,000$1,240,000$1,240,000
45$1,373,564$1,307,844$1,288,624$1,447,007
46$1,490,637$1,348,898$1,308,762$1,538,815
47$1,618,925$1,391,237$1,328,849$1,636,044
48$1,759,550$1,434,902$1,348,860$1,741,714
49$1,913,748$1,479,936$1,368,770$1,856,652
50$2,082,877$1,526,380$1,388,551$1,981,772
51$2,268,436$1,574,278$1,408,173$2,118,076
52$2,472,075$1,623,676$1,427,605$2,266,673
53$2,695,611$1,674,620$1,446,815$2,428,779
54$2,941,046$1,727,160$1,465,766$2,605,737
55$3,210,586$1,781,344$1,484,423$2,799,025
56$3,506,660$1,837,224$1,502,745$3,010,273
57$3,831,945$1,894,853$1,520,692$3,241,275
58$4,189,388$1,954,286$1,538,220$3,494,006
59$4,582,237$2,015,578$1,555,282$3,770,645
60$5,014,072$2,078,787$1,571,830$4,073,591
61$5,488,833$2,143,974$1,587,813$4,405,487
62$6,010,865$2,211,200$1,603,176$4,769,246
63$6,584,953$2,280,528$1,617,862$5,168,077
64$7,216,369$2,352,024$1,631,810$5,605,514
65$7,910,921$2,425,756$1,644,958$6,085,454
66$8,675,009$2,501,793$1,657,239$6,612,189
67$9,515,686$2,580,206$1,668,582$7,190,448
68$10,440,720$2,661,071$1,678,914$7,825,444
69$11,458,672$2,744,462$1,688,157$8,522,919
70$12,578,975$2,830,459$1,696,228$9,289,201
71$13,812,022$2,919,142$1,703,043$10,131,263
72$15,169,264$3,010,596$1,708,511$11,056,787
73$16,663,320$3,104,907$1,712,537$12,074,242
74$18,308,094$3,202,162$1,715,022$13,192,957
75$20,118,905$3,302,454$1,715,861$14,423,213
76$22,112,636$3,405,877$1,714,945$15,776,340
77$24,307,888$3,512,528$1,712,159$17,264,822
78$26,725,158$3,622,507$1,707,382$18,902,417
79$29,387,033$3,735,919$1,700,487$20,704,286
80$32,318,400$3,852,868$1,691,343$22,687,135
81$35,546,684$3,973,466$1,679,810$24,869,375
82$39,102,104$4,097,825$1,665,743$27,271,295
83$43,017,962$4,226,061$1,648,989$29,915,251
84$47,330,952$4,358,296$1,629,387$32,825,881
85$52,081,510$4,494,653$1,606,772$36,030,337
86$57,314,192$4,635,259$1,580,967$39,558,537
87$63,078,100$4,780,247$1,551,790$43,443,453
88$69,427,338$4,929,752$1,519,047$47,721,421
89$76,421,531$5,083,913$1,482,539$52,432,482
90$84,126,377$5,242,875$1,442,055$57,620,759
91$92,614,279$5,406,787$1,397,375$63,334,881
92$101,965,017$5,575,802$1,348,269$69,628,433
93$112,266,509$5,750,077$1,294,496$76,560,468
94$123,615,637$5,929,774$1,235,806$84,196,062
95$136,119,161$6,115,062$1,171,934$92,606,930
96$149,894,729$6,306,113$1,102,607$101,872,102
97$165,071,983$6,503,105$1,027,537$112,078,669
98$181,793,790$6,706,222$946,424$123,322,608
99$200,217,582$6,915,651$858,954$135,709,685
100$220,516,846$7,131,589$764,800$149,356,455