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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$104,050$103,123$102,219$101,336$100,474$98,526
2 years$51,510$50,550$49,621$48,719$47,845$45,890
3 years$33,999$33,035$32,108$31,215$30,355$28,454
4 years$25,245$24,284$23,366$22,489$21,649$19,818
5 years$19,994$19,039$18,133$17,273$16,457$14,700
6 years$16,495$15,547$14,654$13,814$13,022$11,341
7 years$13,996$13,056$12,178$11,357$10,591$8,986
8 years$12,123$11,192$10,328$9,527$8,786$7,257
9 years$10,667$9,744$8,895$8,115$7,399$5,945
10 years$9,502$8,589$7,755$6,995$6,304$4,924
11 years$8,551$7,646$6,827$6,088$5,422$4,114
12 years$7,758$6,863$6,059$5,340$4,699$3,461
13 years$7,088$6,202$5,414$4,714$4,097$2,927
14 years$6,514$5,638$4,864$4,185$3,592$2,488
15 years$6,017$5,150$4,392$3,732$3,162$2,122
16 years$5,582$4,725$3,982$3,342$2,795$1,816
17 years$5,199$4,352$3,623$3,003$2,478$1,558
18 years$4,859$4,021$3,307$2,706$2,203$1,340
19 years$4,555$3,727$3,028$2,445$1,964$1,155
20 years$4,282$3,463$2,779$2,214$1,754$997
21 years$4,036$3,226$2,556$2,010$1,570$861
22 years$3,811$3,011$2,356$1,827$1,407$745
23 years$3,607$2,816$2,175$1,664$1,263$645
24 years$3,420$2,639$2,012$1,518$1,135$560
25 years$3,248$2,476$1,863$1,386$1,022$485
26 years$3,090$2,327$1,728$1,267$920$421
27 years$2,944$2,190$1,605$1,160$830$366
28 years$2,808$2,064$1,492$1,063$749$318
29 years$2,682$1,947$1,388$975$676$277
30 years$2,565$1,839$1,293$895$611$241
31 years$2,455$1,738$1,205$822$552$209
32 years$2,353$1,645$1,125$755$500$182
33 years$2,256$1,558$1,050$694$452$158
34 years$2,166$1,476$981$639$409$138
35 years$2,081$1,400$917$588$371$120
36 years$2,001$1,329$858$542$336$105
37 years$1,926$1,262$803$499$304$91
38 years$1,854$1,200$752$460$276$79
39 years$1,787$1,141$705$424$250$69
40 years$1,723$1,085$660$391$227$60
41 years$1,662$1,033$619$361$206$53
42 years$1,604$984$581$333$187$46
43 years$1,549$937$545$307$170$40
44 years$1,497$894$512$284$154$35
45 years$1,447$852$480$262$140$30
46 years$1,400$813$451$242$127$26
47 years$1,355$776$424$224$115$23
48 years$1,311$740$398$207$105$20
49 years$1,270$707$374$191$95$17
50 years$1,230$675$352$177$86$15

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 $6,303 every year, while hoping to spend $44,109 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: 59/15/26 Blend
44$1,260,000$1,260,000$1,260,000$1,260,000
45$1,395,022$1,328,242$1,308,712$1,467,182
46$1,490,382$1,346,394$1,305,622$1,535,283
47$1,593,991$1,363,957$1,300,950$1,604,269
48$1,706,643$1,380,856$1,294,597$1,678,581
49$1,829,213$1,397,010$1,286,458$1,758,748
50$1,962,662$1,412,333$1,276,424$1,845,353
51$2,108,050$1,426,734$1,264,380$1,939,038
52$2,266,541$1,440,113$1,250,207$2,040,514
53$2,439,417$1,452,368$1,233,778$2,150,564
54$2,628,090$1,463,386$1,214,962$2,270,053
55$2,834,113$1,473,050$1,193,620$2,399,936
56$3,059,195$1,481,232$1,169,610$2,541,265
57$3,305,221$1,487,800$1,142,779$2,695,203
58$3,574,261$1,492,610$1,112,970$2,863,033
59$3,868,599$1,495,511$1,080,018$3,046,171
60$4,190,746$1,496,342$1,043,749$3,246,178
61$4,543,471$1,494,931$1,003,983$3,464,779
62$4,929,819$1,491,097$960,531$3,703,875
63$5,353,147$1,484,647$913,195$3,965,565
64$5,817,150$1,475,376$861,768$4,252,164
65$6,325,897$1,463,067$806,035$4,566,225
66$6,883,871$1,447,491$745,771$4,910,567
67$7,496,010$1,428,402$680,738$5,288,299
68$8,167,752$1,405,542$610,691$5,702,849
69$8,905,086$1,378,637$535,373$6,158,000
70$9,714,612$1,347,397$454,515$6,657,924
71$10,603,597$1,311,515$367,836$7,207,224
72$11,580,048$1,270,663$275,043$7,810,976
73$12,652,787$1,224,500$175,831$8,474,778
74$13,831,529$1,172,658$69,879$9,204,806
75$15,126,981$1,114,754$0$10,007,869
76$16,550,934$1,050,378$0$10,903,459
77$18,116,382$979,099$0$11,909,345
78$19,837,639$900,461$0$13,015,354
79$21,730,476$813,982$0$14,231,664
80$23,812,268$719,151$0$15,569,490
81$26,102,160$615,429$0$17,041,195
82$28,621,243$502,248$0$18,660,401
83$31,392,758$379,006$0$20,442,123
84$34,442,310$245,068$0$22,402,909
85$37,798,112$99,763$0$24,560,996
86$41,491,251$0$0$26,936,484
87$45,555,978$0$0$29,561,033
88$50,030,035$0$0$32,468,131
89$54,955,008$0$0$35,668,347
90$60,376,717$0$0$39,191,472
91$66,345,655$0$0$43,070,331
92$72,917,455$0$0$47,341,096
93$80,153,422$0$0$52,043,623
94$88,121,107$0$0$57,221,831
95$96,894,944$0$0$62,924,113
96$106,556,956$0$0$69,203,796
97$117,197,523$0$0$76,119,642
98$128,916,239$0$0$83,736,401
99$141,822,847$0$0$92,125,425
100$156,038,279$0$0$101,365,339