Can I retire at age 45 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$105,701$104,760$103,841$102,944$102,069$98,960
2 years$52,327$51,353$50,408$49,493$48,604$45,499
3 years$34,538$33,560$32,618$31,710$30,837$27,832
4 years$25,646$24,670$23,737$22,846$21,993$19,112
5 years$20,311$19,341$18,421$17,548$16,719$13,970
6 years$16,756$15,794$14,887$14,033$13,229$10,614
7 years$14,218$13,264$12,371$11,537$10,759$8,278
8 years$12,315$11,369$10,492$9,678$8,925$6,577
9 years$10,836$9,899$9,036$8,244$7,516$5,297
10 years$9,653$8,726$7,878$7,106$6,404$4,312
11 years$8,686$7,768$6,936$6,185$5,508$3,539
12 years$7,881$6,972$6,155$5,425$4,773$2,923
13 years$7,200$6,301$5,499$4,789$4,162$2,426
14 years$6,617$5,727$4,941$4,251$3,649$2,023
15 years$6,112$5,232$4,461$3,791$3,212$1,692
16 years$5,671$4,800$4,045$3,395$2,839$1,419
17 years$5,282$4,421$3,681$3,050$2,517$1,193
18 years$4,936$4,085$3,360$2,749$2,238$1,005
19 years$4,628$3,786$3,076$2,484$1,995$848
20 years$4,350$3,518$2,823$2,250$1,782$717
21 years$4,100$3,277$2,596$2,042$1,595$606
22 years$3,872$3,059$2,393$1,856$1,429$513
23 years$3,664$2,861$2,210$1,691$1,283$435
24 years$3,475$2,680$2,043$1,542$1,153$369
25 years$3,300$2,515$1,893$1,408$1,038$313
26 years$3,139$2,364$1,755$1,288$935$266
27 years$2,991$2,225$1,630$1,179$843$225
28 years$2,853$2,097$1,515$1,080$761$192
29 years$2,725$1,978$1,410$990$687$163
30 years$2,606$1,868$1,313$909$621$138
31 years$2,494$1,766$1,225$835$561$118
32 years$2,390$1,671$1,142$767$507$100
33 years$2,292$1,582$1,067$705$459$85
34 years$2,201$1,500$997$649$416$72
35 years$2,114$1,422$932$597$377$61
36 years$2,033$1,350$872$550$341$52
37 years$1,956$1,282$816$507$309$44
38 years$1,884$1,219$764$467$280$38
39 years$1,815$1,159$716$431$254$32
40 years$1,750$1,102$671$397$231$27
41 years$1,688$1,049$629$367$209$23
42 years$1,630$999$590$338$190$20
43 years$1,574$952$554$312$172$17
44 years$1,521$908$520$288$156$14
45 years$1,470$866$488$266$142$12
46 years$1,422$826$458$246$129$10
47 years$1,376$788$431$227$117$9
48 years$1,332$752$405$210$106$8
49 years$1,290$718$380$194$97$6
50 years$1,250$686$358$179$88$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,280,000, adding $3,240 every year, while hoping to spend $30,388 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: 64/28/8 Blend
44$1,280,000$1,280,000$1,280,000$1,280,000
45$1,413,902$1,346,062$1,326,222$1,501,941
46$1,525,787$1,379,687$1,338,318$1,594,642
47$1,648,067$1,413,940$1,349,800$1,691,977
48$1,781,768$1,448,822$1,360,617$1,797,499
49$1,928,023$1,484,328$1,370,713$1,912,002
50$2,088,078$1,520,457$1,380,028$2,036,359
51$2,263,306$1,557,204$1,388,503$2,171,532
52$2,455,218$1,594,561$1,396,073$2,318,579
53$2,665,478$1,632,523$1,402,669$2,478,667
54$2,895,919$1,671,079$1,408,221$2,653,079
55$3,148,560$1,710,219$1,412,653$2,843,231
56$3,425,624$1,749,930$1,415,888$3,050,680
57$3,729,560$1,790,199$1,417,842$3,277,143
58$4,063,064$1,831,008$1,418,429$3,524,509
59$4,429,108$1,872,339$1,417,558$3,794,861
60$4,830,965$1,914,171$1,415,134$4,090,493
61$5,272,238$1,956,481$1,411,056$4,413,933
62$5,756,900$1,999,242$1,405,220$4,767,965
63$6,289,324$2,042,425$1,397,515$5,155,657
64$6,874,330$2,085,999$1,387,827$5,580,388
65$7,517,227$2,129,928$1,376,034$6,045,884
66$8,223,863$2,174,173$1,362,011$6,556,246
67$9,000,683$2,218,693$1,345,623$7,115,998
68$9,854,784$2,263,441$1,326,734$7,730,120
69$10,793,989$2,308,367$1,305,196$8,404,101
70$11,826,915$2,353,415$1,280,859$9,143,992
71$12,963,054$2,398,527$1,253,562$9,956,457
72$14,212,869$2,443,638$1,223,139$10,848,842
73$15,587,883$2,488,678$1,189,416$11,829,239
74$17,100,796$2,533,572$1,152,210$12,906,569
75$18,765,599$2,578,238$1,111,331$14,090,659
76$20,597,709$2,622,590$1,066,579$15,392,340
77$22,614,111$2,666,533$1,017,745$16,823,548
78$24,833,522$2,709,965$964,612$18,397,436
79$27,276,565$2,752,778$906,950$20,128,498
80$29,965,965$2,794,854$844,523$22,032,706
81$32,926,760$2,836,068$777,081$24,127,664
82$36,186,541$2,876,286$704,364$26,432,769
83$39,775,708$2,915,365$626,101$28,969,398
84$43,727,762$2,953,149$542,007$31,761,110
85$48,079,616$2,989,476$451,786$34,833,866
86$52,871,945$3,024,168$355,130$38,216,277
87$58,149,570$3,057,040$251,713$41,939,873
88$63,961,881$3,087,889$141,200$46,039,400
89$70,363,300$3,116,503$23,238$50,553,150
90$77,413,799$3,142,655$0$55,523,324
91$85,179,463$3,166,101$0$61,005,188
92$93,733,113$3,186,584$0$67,043,918
93$103,154,993$3,203,829$0$73,694,043
94$113,533,529$3,217,544$0$81,017,841
95$124,966,163$3,227,418$0$89,083,945
96$137,560,271$3,233,120$0$97,967,987
97$151,434,175$3,234,300$0$107,753,316
98$166,718,265$3,230,584$0$118,531,783
99$183,556,223$3,221,577$0$130,404,607
100$202,106,382$3,206,859$0$143,483,335