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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$102,398$101,486$100,596$99,727$98,879$96,962
2 years$50,692$49,748$48,833$47,946$47,085$45,162
3 years$33,459$32,511$31,598$30,719$29,873$28,003
4 years$24,844$23,899$22,995$22,132$21,306$19,503
5 years$19,677$18,737$17,845$16,999$16,196$14,467
6 years$16,233$15,300$14,422$13,594$12,815$11,161
7 years$13,774$12,849$11,985$11,177$10,422$8,843
8 years$11,930$11,014$10,164$9,376$8,646$7,142
9 years$10,497$9,590$8,754$7,986$7,282$5,851
10 years$9,352$8,453$7,632$6,884$6,204$4,846
11 years$8,415$7,525$6,719$5,991$5,336$4,049
12 years$7,635$6,754$5,963$5,255$4,624$3,406
13 years$6,975$6,104$5,328$4,640$4,032$2,881
14 years$6,410$5,548$4,787$4,118$3,535$2,448
15 years$5,921$5,068$4,322$3,673$3,112$2,089
16 years$5,494$4,650$3,918$3,289$2,750$1,787
17 years$5,117$4,283$3,566$2,955$2,439$1,534
18 years$4,782$3,957$3,255$2,663$2,168$1,319
19 years$4,483$3,668$2,980$2,406$1,933$1,136
20 years$4,214$3,408$2,735$2,179$1,726$981
21 years$3,971$3,174$2,515$1,978$1,545$848
22 years$3,751$2,963$2,318$1,798$1,385$733
23 years$3,550$2,771$2,141$1,638$1,243$635
24 years$3,366$2,597$1,980$1,494$1,117$551
25 years$3,197$2,437$1,834$1,364$1,005$478
26 years$3,041$2,290$1,701$1,247$906$415
27 years$2,897$2,155$1,579$1,142$817$360
28 years$2,764$2,031$1,468$1,046$737$313
29 years$2,640$1,916$1,366$959$665$272
30 years$2,524$1,810$1,272$880$601$237
31 years$2,416$1,711$1,186$809$543$206
32 years$2,315$1,619$1,107$743$492$179
33 years$2,221$1,533$1,033$683$445$156
34 years$2,132$1,453$966$629$403$136
35 years$2,048$1,378$903$579$365$118
36 years$1,969$1,308$844$533$331$103
37 years$1,895$1,242$790$491$300$90
38 years$1,825$1,180$740$453$272$78
39 years$1,758$1,123$693$417$246$68
40 years$1,695$1,068$650$385$223$59
41 years$1,635$1,017$609$355$203$52
42 years$1,579$968$572$328$184$45
43 years$1,525$922$536$303$167$39
44 years$1,473$879$504$279$152$34
45 years$1,424$839$473$258$138$30
46 years$1,378$800$444$238$125$26
47 years$1,333$763$417$220$113$23
48 years$1,290$729$392$203$103$20
49 years$1,250$696$369$188$94$17
50 years$1,211$665$346$174$85$15

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 $2,066 every year, while hoping to spend $50,163 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: 54/23/23 Blend
44$1,240,000$1,240,000$1,240,000$1,240,000
45$1,368,611$1,302,891$1,283,671$1,433,759
46$1,454,836$1,313,360$1,273,301$1,489,241
47$1,548,175$1,322,660$1,260,902$1,544,206
48$1,649,301$1,330,682$1,246,354$1,602,990
49$1,758,952$1,337,308$1,229,530$1,665,973
50$1,877,943$1,342,413$1,210,296$1,733,578
51$2,007,167$1,345,866$1,188,515$1,806,274
52$2,147,609$1,347,524$1,164,042$1,884,576
53$2,300,351$1,347,239$1,136,723$1,969,057
54$2,466,584$1,344,850$1,106,400$2,060,349
55$2,647,617$1,340,190$1,072,906$2,159,152
56$2,844,894$1,333,079$1,036,068$2,266,240
57$3,060,000$1,323,327$995,704$2,382,467
58$3,294,682$1,310,732$951,622$2,508,780
59$3,550,863$1,295,081$903,624$2,646,223
60$3,830,658$1,276,147$851,503$2,795,952
61$4,136,396$1,253,690$795,039$2,959,243
62$4,470,643$1,227,455$734,007$3,137,507
63$4,836,221$1,197,173$668,170$3,332,304
64$5,236,240$1,162,559$597,278$3,545,356
65$5,674,123$1,123,310$521,073$3,778,565
66$6,153,639$1,079,108$439,284$4,034,033
67$6,678,939$1,029,613$351,629$4,314,083
68$7,254,596$974,469$257,813$4,621,278
69$7,885,643$913,296$157,529$4,958,451
70$8,577,626$845,695$50,453$5,328,728
71$9,336,652$771,242$0$5,735,561
72$10,169,448$689,491$0$6,198,425
73$11,083,424$599,968$0$6,720,099
74$12,086,741$502,174$0$7,292,922
75$13,188,389$395,582$0$7,922,118
76$14,398,274$279,634$0$8,613,445
77$15,727,303$153,742$0$9,373,252
78$17,187,496$17,283$0$10,208,541
79$18,792,093$0$0$11,127,031
80$20,555,681$0$0$12,170,238
81$22,494,328$0$0$13,321,935
82$24,625,740$0$0$14,588,279
83$26,969,420$0$0$15,980,877
84$29,546,860$0$0$17,512,515
85$32,381,735$0$0$19,197,281
86$35,500,131$0$0$21,050,694
87$38,930,791$0$0$23,089,857
88$42,705,383$0$0$25,333,613
89$46,858,797$0$0$27,802,723
90$51,429,480$0$0$30,520,062
91$56,459,792$0$0$33,510,835
92$61,996,408$0$0$36,802,815
93$68,090,756$0$0$40,426,605
94$74,799,506$0$0$44,415,923
95$82,185,098$0$0$48,807,925
96$90,316,335$0$0$53,643,550
97$99,269,033$0$0$58,967,911
98$109,126,729$0$0$64,830,718
99$119,981,475$0$0$71,286,746
100$131,934,707$0$0$78,396,352