Can I retire at age 45 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$107,353$106,397$105,464$104,553$103,664$100,145
2 years$53,145$52,155$51,196$50,266$49,364$45,854
3 years$35,078$34,084$33,127$32,206$31,318$27,928
4 years$26,046$25,055$24,108$23,202$22,337$19,091
5 years$20,629$19,644$18,709$17,822$16,980$13,888
6 years$17,018$16,041$15,120$14,252$13,436$10,500
7 years$14,440$13,471$12,564$11,718$10,927$8,147
8 years$12,508$11,547$10,656$9,830$9,065$6,438
9 years$11,005$10,054$9,178$8,373$7,634$5,158
10 years$9,804$8,862$8,001$7,217$6,504$4,175
11 years$8,822$7,889$7,044$6,281$5,594$3,406
12 years$8,004$7,081$6,252$5,509$4,848$2,796
13 years$7,313$6,399$5,585$4,864$4,227$2,307
14 years$6,720$5,817$5,018$4,318$3,706$1,912
15 years$6,208$5,314$4,531$3,851$3,263$1,589
16 years$5,759$4,875$4,108$3,448$2,884$1,324
17 years$5,364$4,490$3,738$3,098$2,557$1,106
18 years$5,014$4,149$3,412$2,792$2,273$926
19 years$4,700$3,845$3,124$2,523$2,026$776
20 years$4,418$3,573$2,867$2,285$1,810$651
21 years$4,164$3,328$2,637$2,074$1,620$547
22 years$3,932$3,107$2,430$1,885$1,452$460
23 years$3,722$2,906$2,244$1,717$1,303$387
24 years$3,529$2,722$2,075$1,566$1,171$326
25 years$3,352$2,555$1,922$1,430$1,054$274
26 years$3,188$2,401$1,783$1,308$949$231
27 years$3,037$2,260$1,655$1,197$856$195
28 years$2,897$2,129$1,539$1,097$772$164
29 years$2,767$2,009$1,432$1,006$697$139
30 years$2,646$1,897$1,334$923$630$117
31 years$2,533$1,793$1,244$848$570$99
32 years$2,427$1,697$1,160$779$515$83
33 years$2,328$1,607$1,083$716$466$70
34 years$2,235$1,523$1,012$659$422$59
35 years$2,147$1,445$946$607$382$50
36 years$2,065$1,371$885$559$347$42
37 years$1,987$1,302$829$515$314$36
38 years$1,913$1,238$776$475$285$30
39 years$1,843$1,177$727$438$258$25
40 years$1,777$1,120$681$404$234$21
41 years$1,715$1,066$639$372$212$18
42 years$1,655$1,015$599$344$193$15
43 years$1,598$967$562$317$175$13
44 years$1,545$922$528$293$159$11
45 years$1,493$879$496$271$144$9
46 years$1,444$839$466$250$131$8
47 years$1,398$800$437$231$119$7
48 years$1,353$764$411$213$108$6
49 years$1,310$730$386$197$98$5
50 years$1,269$697$363$182$89$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,300,000, adding $2,488 every year, while hoping to spend $23,691 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: 40/45/15 Blend
44$1,300,000$1,300,000$1,300,000$1,300,000
45$1,435,166$1,366,266$1,346,116$1,486,075
46$1,556,346$1,408,006$1,366,004$1,564,163
47$1,689,093$1,450,998$1,385,764$1,646,088
48$1,834,560$1,495,276$1,405,367$1,734,207
49$1,994,020$1,540,880$1,424,782$1,829,091
50$2,168,874$1,587,847$1,443,976$1,931,372
51$2,360,664$1,636,216$1,462,914$2,041,742
52$2,571,089$1,686,028$1,481,559$2,160,965
53$2,802,021$1,737,325$1,499,872$2,289,878
54$3,055,522$1,790,148$1,517,813$2,429,405
55$3,333,862$1,844,542$1,535,336$2,580,560
56$3,639,543$1,900,552$1,552,397$2,744,460
57$3,975,321$1,958,224$1,568,947$2,922,334
58$4,344,231$2,017,604$1,584,935$3,115,534
59$4,749,619$2,078,743$1,600,306$3,325,550
60$5,195,167$2,141,688$1,615,003$3,554,021
61$5,684,936$2,206,493$1,628,967$3,802,749
62$6,223,396$2,273,208$1,642,135$4,073,723
63$6,815,476$2,341,888$1,654,439$4,369,128
64$7,466,602$2,412,588$1,665,811$4,691,373
65$8,182,755$2,485,365$1,676,176$5,043,109
66$8,970,525$2,560,277$1,685,456$5,427,255
67$9,837,171$2,637,383$1,693,571$5,847,029
68$10,790,692$2,716,744$1,700,435$6,305,971
69$11,839,901$2,798,423$1,705,958$6,807,982
70$12,994,509$2,882,484$1,710,046$7,357,357
71$14,265,215$2,968,992$1,712,599$7,958,830
72$15,663,810$3,058,015$1,713,514$8,617,613
73$17,203,282$3,149,622$1,712,681$9,339,447
74$18,897,947$3,243,883$1,709,985$10,130,657
75$20,763,575$3,340,870$1,705,307$10,998,213
76$22,817,545$3,440,659$1,698,520$11,949,788
77$25,079,007$3,543,323$1,689,493$12,993,840
78$27,569,061$3,648,942$1,678,086$14,139,686
79$30,310,959$3,757,593$1,664,156$15,397,589
80$33,330,320$3,869,359$1,647,549$16,778,859
81$36,655,378$3,984,322$1,628,106$18,295,953
82$40,317,240$4,102,568$1,605,661$19,962,599
83$44,350,187$4,224,182$1,580,040$21,793,923
84$48,791,993$4,349,254$1,551,058$23,806,588
85$53,684,283$4,477,874$1,518,525$26,018,957
86$59,072,925$4,610,135$1,482,241$28,451,259
87$65,008,463$4,746,132$1,441,996$31,125,789
88$71,546,594$4,885,960$1,397,571$34,067,109
89$78,748,694$5,029,719$1,348,736$37,302,283
90$86,682,394$5,177,509$1,295,253$40,861,136
91$95,422,224$5,329,433$1,236,870$44,776,529
92$105,050,311$5,485,595$1,173,325$49,084,673
93$115,657,156$5,646,102$1,104,344$53,825,468
94$127,342,488$5,811,063$1,029,642$59,042,883
95$140,216,206$5,980,589$948,919$64,785,367
96$154,399,413$6,154,792$861,862$71,106,308
97$170,025,564$6,333,788$768,145$78,064,535
98$187,241,720$6,517,693$667,427$85,724,878
99$206,209,941$6,706,625$559,351$94,158,771
100$227,108,813$6,900,707$443,547$103,444,936