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%16.2%
1 years$102,398$101,486$100,596$99,727$98,879$96,372
2 years$50,692$49,748$48,833$47,946$47,085$44,575
3 years$33,459$32,511$31,598$30,719$29,873$27,439
4 years$24,844$23,899$22,995$22,132$21,306$18,966
5 years$19,677$18,737$17,845$16,999$16,196$13,958
6 years$16,233$15,300$14,422$13,594$12,815$10,681
7 years$13,774$12,849$11,985$11,177$10,422$8,391
8 years$11,930$11,014$10,164$9,376$8,646$6,718
9 years$10,497$9,590$8,754$7,986$7,282$5,454
10 years$9,352$8,453$7,632$6,884$6,204$4,476
11 years$8,415$7,525$6,719$5,991$5,336$3,704
12 years$7,635$6,754$5,963$5,255$4,624$3,085
13 years$6,975$6,104$5,328$4,640$4,032$2,584
14 years$6,410$5,548$4,787$4,118$3,535$2,174
15 years$5,921$5,068$4,322$3,673$3,112$1,835
16 years$5,494$4,650$3,918$3,289$2,750$1,554
17 years$5,117$4,283$3,566$2,955$2,439$1,319
18 years$4,782$3,957$3,255$2,663$2,168$1,122
19 years$4,483$3,668$2,980$2,406$1,933$956
20 years$4,214$3,408$2,735$2,179$1,726$816
21 years$3,971$3,174$2,515$1,978$1,545$697
22 years$3,751$2,963$2,318$1,798$1,385$596
23 years$3,550$2,771$2,141$1,638$1,243$510
24 years$3,366$2,597$1,980$1,494$1,117$437
25 years$3,197$2,437$1,834$1,364$1,005$375
26 years$3,041$2,290$1,701$1,247$906$321
27 years$2,897$2,155$1,579$1,142$817$276
28 years$2,764$2,031$1,468$1,046$737$237
29 years$2,640$1,916$1,366$959$665$203
30 years$2,524$1,810$1,272$880$601$175
31 years$2,416$1,711$1,186$809$543$150
32 years$2,315$1,619$1,107$743$492$129
33 years$2,221$1,533$1,033$683$445$111
34 years$2,132$1,453$966$629$403$95
35 years$2,048$1,378$903$579$365$82
36 years$1,969$1,308$844$533$331$70
37 years$1,895$1,242$790$491$300$61
38 years$1,825$1,180$740$453$272$52
39 years$1,758$1,123$693$417$246$45
40 years$1,695$1,068$650$385$223$39
41 years$1,635$1,017$609$355$203$33
42 years$1,579$968$572$328$184$29
43 years$1,525$922$536$303$167$25
44 years$1,473$879$504$279$152$21
45 years$1,424$839$473$258$138$18
46 years$1,378$800$444$238$125$16
47 years$1,333$763$417$220$113$13
48 years$1,290$729$392$203$103$12
49 years$1,250$696$369$188$94$10
50 years$1,211$665$346$174$85$9

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 $4,634 every year, while hoping to spend $21,823 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: 50/25/25 Blend
44$1,240,000$1,240,000$1,240,000$1,240,000
45$1,371,260$1,305,540$1,286,320$1,429,953
46$1,487,909$1,346,292$1,306,192$1,512,053
47$1,615,725$1,388,309$1,325,999$1,598,669
48$1,755,823$1,431,631$1,345,714$1,692,372
49$1,909,434$1,476,297$1,365,312$1,793,845
50$2,077,910$1,522,350$1,384,764$1,903,836
51$2,262,742$1,569,830$1,404,039$2,023,170
52$2,465,573$1,618,784$1,423,106$2,152,755
53$2,688,212$1,669,255$1,441,930$2,293,592
54$2,932,652$1,721,290$1,460,477$2,446,782
55$3,201,087$1,774,938$1,478,707$2,613,536
56$3,495,935$1,830,247$1,496,582$2,795,190
57$3,819,861$1,887,269$1,514,057$2,993,213
58$4,175,798$1,946,057$1,531,089$3,209,226
59$4,566,979$2,006,664$1,547,631$3,445,011
60$4,996,967$2,069,146$1,563,632$3,702,533
61$5,469,684$2,133,560$1,579,040$3,983,955
62$5,989,453$2,199,967$1,593,800$4,291,660
63$6,561,038$2,268,425$1,607,853$4,628,273
64$7,189,685$2,338,999$1,621,137$4,996,687
65$7,881,176$2,411,753$1,633,588$5,400,086
66$8,641,880$2,486,754$1,645,138$5,841,982
67$9,478,816$2,564,069$1,655,714$6,326,240
68$10,399,717$2,643,770$1,665,242$6,857,120
69$11,413,103$2,725,929$1,673,642$7,439,316
70$12,528,361$2,810,622$1,680,831$8,077,998
71$13,755,836$2,897,924$1,686,721$8,778,864
72$15,106,926$2,987,917$1,691,221$9,548,191
73$16,594,188$3,080,681$1,694,232$10,392,895
74$18,231,461$3,176,300$1,695,655$11,320,598
75$20,033,993$3,274,862$1,695,383$12,339,695
76$22,018,586$3,376,455$1,693,303$13,459,440
77$24,203,752$3,481,172$1,689,299$14,690,027
78$26,609,892$3,589,107$1,683,248$16,042,690
79$29,259,486$3,700,358$1,675,022$17,529,807
80$32,177,302$3,815,024$1,664,484$19,165,018
81$35,390,636$3,933,210$1,651,494$20,963,354
82$38,929,565$4,055,021$1,635,902$22,941,375
83$42,827,231$4,180,567$1,617,555$25,117,333
84$47,120,154$4,309,960$1,596,289$27,511,337
85$51,848,579$4,443,317$1,571,934$30,145,550
86$57,056,851$4,580,757$1,544,311$33,044,390
87$62,793,838$4,722,403$1,513,233$36,234,768
88$69,113,389$4,868,380$1,478,506$39,746,337
89$76,074,844$5,018,820$1,439,925$43,611,776
90$83,743,592$5,173,856$1,397,277$47,867,094
91$92,191,688$5,333,625$1,350,336$52,551,971
92$101,498,538$5,498,270$1,298,870$57,710,138
93$111,751,641$5,667,937$1,242,633$63,389,780
94$123,047,417$5,842,775$1,181,371$69,644,001
95$135,492,122$6,022,939$1,114,815$76,531,317
96$149,202,844$6,208,589$1,042,686$84,116,214
97$164,308,610$6,399,886$964,693$92,469,755
98$180,951,608$6,597,000$880,530$101,670,249
99$199,288,522$6,800,103$789,878$111,803,993
100$219,492,017$7,009,374$692,405$122,966,087