Can I retire at age 45 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$104,050$103,123$102,219$101,336$100,474$98,607
2 years$51,510$50,550$49,621$48,719$47,845$45,971
3 years$33,999$33,035$32,108$31,215$30,355$28,532
4 years$25,245$24,284$23,366$22,489$21,649$19,892
5 years$19,994$19,039$18,133$17,273$16,457$14,771
6 years$16,495$15,547$14,654$13,814$13,022$11,408
7 years$13,996$13,056$12,178$11,357$10,591$9,049
8 years$12,123$11,192$10,328$9,527$8,786$7,316
9 years$10,667$9,744$8,895$8,115$7,399$6,001
10 years$9,502$8,589$7,755$6,995$6,304$4,977
11 years$8,551$7,646$6,827$6,088$5,422$4,163
12 years$7,758$6,863$6,059$5,340$4,699$3,506
13 years$7,088$6,202$5,414$4,714$4,097$2,970
14 years$6,514$5,638$4,864$4,185$3,592$2,528
15 years$6,017$5,150$4,392$3,732$3,162$2,159
16 years$5,582$4,725$3,982$3,342$2,795$1,850
17 years$5,199$4,352$3,623$3,003$2,478$1,590
18 years$4,859$4,021$3,307$2,706$2,203$1,369
19 years$4,555$3,727$3,028$2,445$1,964$1,182
20 years$4,282$3,463$2,779$2,214$1,754$1,021
21 years$4,036$3,226$2,556$2,010$1,570$884
22 years$3,811$3,011$2,356$1,827$1,407$766
23 years$3,607$2,816$2,175$1,664$1,263$664
24 years$3,420$2,639$2,012$1,518$1,135$577
25 years$3,248$2,476$1,863$1,386$1,022$501
26 years$3,090$2,327$1,728$1,267$920$436
27 years$2,944$2,190$1,605$1,160$830$379
28 years$2,808$2,064$1,492$1,063$749$330
29 years$2,682$1,947$1,388$975$676$287
30 years$2,565$1,839$1,293$895$611$250
31 years$2,455$1,738$1,205$822$552$218
32 years$2,353$1,645$1,125$755$500$190
33 years$2,256$1,558$1,050$694$452$166
34 years$2,166$1,476$981$639$409$145
35 years$2,081$1,400$917$588$371$126
36 years$2,001$1,329$858$542$336$110
37 years$1,926$1,262$803$499$304$96
38 years$1,854$1,200$752$460$276$84
39 years$1,787$1,141$705$424$250$73
40 years$1,723$1,085$660$391$227$64
41 years$1,662$1,033$619$361$206$56
42 years$1,604$984$581$333$187$49
43 years$1,549$937$545$307$170$42
44 years$1,497$894$512$284$154$37
45 years$1,447$852$480$262$140$32
46 years$1,400$813$451$242$127$28
47 years$1,355$776$424$224$115$25
48 years$1,311$740$398$207$105$22
49 years$1,270$707$374$191$95$19
50 years$1,230$675$352$177$86$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,260,000, adding $4,955 every year, while hoping to spend $47,883 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: 71/8/21 Blend
44$1,260,000$1,260,000$1,260,000$1,260,000
45$1,393,631$1,326,851$1,307,321$1,485,062
46$1,484,834$1,340,920$1,300,169$1,560,724
47$1,583,735$1,354,073$1,291,173$1,637,391
48$1,691,069$1,366,215$1,280,220$1,720,151
49$1,807,643$1,377,245$1,267,192$1,809,602
50$1,934,347$1,387,053$1,251,967$1,906,402
51$2,072,157$1,395,526$1,234,415$2,011,281
52$2,222,150$1,402,540$1,214,401$2,125,040
53$2,385,509$1,407,964$1,191,783$2,248,563
54$2,563,537$1,411,660$1,166,414$2,382,826
55$2,757,667$1,413,481$1,138,138$2,528,904
56$2,969,477$1,413,269$1,106,793$2,687,984
57$3,200,702$1,410,858$1,072,210$2,861,375
58$3,453,256$1,406,072$1,034,211$3,050,517
59$3,729,242$1,398,723$992,610$3,257,002
60$4,030,976$1,388,613$947,215$3,482,585
61$4,361,010$1,375,529$897,821$3,729,198
62$4,722,152$1,359,249$844,216$3,998,976
63$5,117,494$1,339,535$786,181$4,294,269
64$5,550,443$1,316,136$723,482$4,617,672
65$6,024,747$1,288,786$655,878$4,972,043
66$6,544,538$1,257,203$583,116$5,360,536
67$7,114,363$1,221,088$504,932$5,786,628
68$7,739,232$1,180,125$421,052$6,254,153
69$8,424,662$1,133,980$331,186$6,767,335
70$9,176,732$1,082,299$235,034$7,330,837
71$10,002,134$1,024,708$132,284$7,949,797
72$10,908,243$960,809$22,606$8,629,879
73$11,903,180$890,186$0$9,377,329
74$12,995,893$812,394$0$10,220,195
75$14,196,239$726,965$0$11,151,689
76$15,515,075$633,406$0$12,175,194
77$16,964,363$531,193$0$13,300,024
78$18,557,281$419,775$0$14,536,444
79$20,308,347$298,567$0$15,895,763
80$22,233,556$166,955$0$17,390,443
81$24,350,529$24,286$0$19,034,217
82$26,678,683$0$0$20,842,217
83$29,239,406$0$0$22,842,574
84$32,056,267$0$0$25,045,442
85$35,155,233$0$0$27,469,001
86$38,564,914$0$0$30,135,633
87$42,316,834$0$0$33,070,003
88$46,445,726$0$0$36,299,285
89$50,989,861$0$0$39,853,423
90$55,991,408$0$0$43,765,408
91$61,496,831$0$0$48,071,594
92$67,557,328$0$0$52,812,039
93$74,229,312$0$0$58,030,878
94$81,574,944$0$0$63,776,747
95$89,662,719$0$0$70,103,237
96$98,568,111$0$0$77,069,398
97$108,374,288$0$0$84,740,300
98$119,172,889$0$0$93,187,644
99$131,064,897$0$0$102,490,437
100$144,161,586$0$0$112,735,741