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%15.1%
1 years$107,353$106,397$105,464$104,553$103,664$101,488
2 years$53,145$52,155$51,196$50,266$49,364$47,182
3 years$35,078$34,084$33,127$32,206$31,318$29,198
4 years$26,046$25,055$24,108$23,202$22,337$20,295
5 years$20,629$19,644$18,709$17,822$16,980$15,022
6 years$17,018$16,041$15,120$14,252$13,436$11,564
7 years$14,440$13,471$12,564$11,718$10,927$9,142
8 years$12,508$11,547$10,656$9,830$9,065$7,366
9 years$11,005$10,054$9,178$8,373$7,634$6,020
10 years$9,804$8,862$8,001$7,217$6,504$4,974
11 years$8,822$7,889$7,044$6,281$5,594$4,145
12 years$8,004$7,081$6,252$5,509$4,848$3,478
13 years$7,313$6,399$5,585$4,864$4,227$2,934
14 years$6,720$5,817$5,018$4,318$3,706$2,487
15 years$6,208$5,314$4,531$3,851$3,263$2,116
16 years$5,759$4,875$4,108$3,448$2,884$1,805
17 years$5,364$4,490$3,738$3,098$2,557$1,545
18 years$5,014$4,149$3,412$2,792$2,273$1,324
19 years$4,700$3,845$3,124$2,523$2,026$1,138
20 years$4,418$3,573$2,867$2,285$1,810$979
21 years$4,164$3,328$2,637$2,074$1,620$843
22 years$3,932$3,107$2,430$1,885$1,452$728
23 years$3,722$2,906$2,244$1,717$1,303$628
24 years$3,529$2,722$2,075$1,566$1,171$543
25 years$3,352$2,555$1,922$1,430$1,054$469
26 years$3,188$2,401$1,783$1,308$949$406
27 years$3,037$2,260$1,655$1,197$856$352
28 years$2,897$2,129$1,539$1,097$772$305
29 years$2,767$2,009$1,432$1,006$697$264
30 years$2,646$1,897$1,334$923$630$229
31 years$2,533$1,793$1,244$848$570$198
32 years$2,427$1,697$1,160$779$515$172
33 years$2,328$1,607$1,083$716$466$149
34 years$2,235$1,523$1,012$659$422$130
35 years$2,147$1,445$946$607$382$112
36 years$2,065$1,371$885$559$347$98
37 years$1,987$1,302$829$515$314$85
38 years$1,913$1,238$776$475$285$74
39 years$1,843$1,177$727$438$258$64
40 years$1,777$1,120$681$404$234$55
41 years$1,715$1,066$639$372$212$48
42 years$1,655$1,015$599$344$193$42
43 years$1,598$967$562$317$175$36
44 years$1,545$922$528$293$159$32
45 years$1,493$879$496$271$144$27
46 years$1,444$839$466$250$131$24
47 years$1,398$800$437$231$119$21
48 years$1,353$764$411$213$108$18
49 years$1,310$730$386$197$98$16
50 years$1,269$697$363$182$89$14

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 $5,172 every year, while hoping to spend $41,529 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: 51/20/29 Blend
44$1,300,000$1,300,000$1,300,000$1,300,000
45$1,437,935$1,369,035$1,348,885$1,499,271
46$1,540,418$1,391,931$1,349,886$1,565,515
47$1,651,962$1,414,557$1,349,529$1,632,944
48$1,773,448$1,436,856$1,347,724$1,705,462
49$1,905,845$1,458,767$1,344,378$1,783,571
50$2,050,218$1,480,224$1,339,392$1,867,829
51$2,207,742$1,501,157$1,332,663$1,958,848
52$2,379,708$1,521,490$1,324,083$2,057,307
53$2,567,538$1,541,143$1,313,540$2,163,954
54$2,772,797$1,560,029$1,300,914$2,279,616
55$2,997,209$1,578,057$1,286,081$2,405,204
56$3,242,671$1,595,128$1,268,911$2,541,726
57$3,511,271$1,611,138$1,249,268$2,690,292
58$3,805,312$1,625,974$1,227,009$2,852,130
59$4,127,325$1,639,519$1,201,985$3,028,594
60$4,480,100$1,651,643$1,174,040$3,221,178
61$4,866,710$1,662,213$1,143,010$3,431,531
62$5,290,538$1,671,085$1,108,724$3,661,475
63$5,755,310$1,678,105$1,071,003$3,913,017
64$6,265,130$1,683,111$1,029,661$4,188,374
65$6,824,520$1,685,930$984,501$4,489,993
66$7,438,458$1,686,378$935,319$4,820,571
67$8,112,430$1,684,260$881,902$5,183,088
68$8,852,478$1,679,368$824,025$5,580,827
69$9,665,256$1,671,483$761,455$6,017,415
70$10,558,098$1,660,371$693,949$6,496,849
71$11,539,079$1,645,784$621,252$7,023,541
72$12,617,098$1,627,461$543,097$7,602,357
73$13,801,958$1,605,122$459,207$8,238,665
74$15,104,458$1,578,473$369,290$8,938,385
75$16,536,495$1,547,201$273,044$9,708,049
76$18,111,179$1,510,976$170,153$10,554,860
77$19,842,952$1,469,446$60,285$11,486,761
78$21,747,725$1,422,241$0$12,512,516
79$23,843,030$1,368,967$0$13,659,412
80$26,148,183$1,309,211$0$14,941,533
81$28,684,466$1,242,530$0$16,352,073
82$31,475,328$1,168,461$0$17,904,114
83$34,546,608$1,086,512$0$19,612,071
84$37,926,773$996,162$0$21,491,836
85$41,647,192$896,862$0$23,560,920
86$45,742,428$788,031$0$25,838,628
87$50,250,566$669,054$0$28,346,232
88$55,213,570$539,284$0$31,107,181
89$60,677,679$398,035$0$34,147,317
90$66,693,846$244,582$0$37,495,124
91$73,318,214$78,162$0$41,181,993
92$80,612,648$0$0$45,242,524
93$88,645,318$0$0$49,737,304
94$97,491,340$0$0$54,706,326
95$107,233,489$0$0$60,178,907
96$117,962,975$0$0$66,206,307
97$129,780,306$0$0$72,845,009
98$142,796,235$0$0$80,157,257
99$157,132,808$0$0$88,211,639
100$172,924,508$0$0$97,083,736