Can I retire at age 45 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$109,004$108,033$107,086$106,161$105,259$102,798
2 years$53,963$52,958$51,984$51,039$50,123$47,658
3 years$35,618$34,608$33,637$32,701$31,800$29,407
4 years$26,447$25,441$24,479$23,559$22,680$20,378
5 years$20,946$19,946$18,997$18,096$17,241$15,037
6 years$17,280$16,287$15,352$14,471$13,642$11,538
7 years$14,662$13,678$12,758$11,898$11,095$9,090
8 years$12,700$11,725$10,820$9,981$9,204$7,299
9 years$11,175$10,208$9,319$8,501$7,751$5,944
10 years$9,955$8,998$8,124$7,328$6,604$4,893
11 years$8,958$8,011$7,153$6,378$5,680$4,062
12 years$8,127$7,190$6,348$5,594$4,922$3,395
13 years$7,425$6,498$5,671$4,939$4,292$2,853
14 years$6,824$5,906$5,096$4,384$3,763$2,408
15 years$6,303$5,395$4,601$3,910$3,313$2,040
16 years$5,848$4,950$4,171$3,501$2,928$1,733
17 years$5,447$4,559$3,796$3,146$2,596$1,476
18 years$5,091$4,213$3,465$2,835$2,308$1,260
19 years$4,772$3,904$3,172$2,561$2,057$1,078
20 years$4,486$3,628$2,911$2,320$1,838$923
21 years$4,228$3,379$2,678$2,105$1,645$792
22 years$3,993$3,154$2,468$1,914$1,474$680
23 years$3,779$2,950$2,279$1,743$1,323$584
24 years$3,583$2,764$2,107$1,590$1,189$503
25 years$3,403$2,594$1,952$1,452$1,070$433
26 years$3,237$2,438$1,810$1,328$964$372
27 years$3,084$2,294$1,681$1,215$869$321
28 years$2,942$2,162$1,563$1,114$784$277
29 years$2,810$2,040$1,454$1,021$708$239
30 years$2,687$1,926$1,355$937$640$206
31 years$2,572$1,821$1,263$861$579$178
32 years$2,465$1,723$1,178$791$523$153
33 years$2,364$1,632$1,100$727$474$132
34 years$2,269$1,546$1,028$669$429$114
35 years$2,180$1,467$961$616$388$99
36 years$2,096$1,392$899$567$352$85
37 years$2,017$1,322$841$523$319$74
38 years$1,943$1,257$788$482$289$64
39 years$1,872$1,195$738$444$262$55
40 years$1,805$1,137$692$410$238$47
41 years$1,741$1,082$649$378$216$41
42 years$1,681$1,031$609$349$196$35
43 years$1,623$982$571$322$178$31
44 years$1,568$936$536$297$161$26
45 years$1,516$893$503$275$146$23
46 years$1,466$852$473$254$133$20
47 years$1,419$813$444$234$121$17
48 years$1,374$776$417$217$110$15
49 years$1,330$741$392$200$100$13
50 years$1,289$708$369$185$90$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,320,000, adding $2,792 every year, while hoping to spend $44,954 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: 75/7/18 Blend
44$1,320,000$1,320,000$1,320,000$1,320,000
45$1,457,520$1,387,560$1,367,100$1,560,603
46$1,558,356$1,407,720$1,365,067$1,649,405
47$1,667,971$1,427,361$1,361,459$1,740,903
48$1,787,213$1,446,410$1,356,177$1,840,005
49$1,917,014$1,464,789$1,349,114$1,947,460
50$2,058,401$1,482,416$1,340,161$2,064,087
51$2,212,504$1,499,200$1,329,203$2,190,794
52$2,380,566$1,515,048$1,316,118$2,328,578
53$2,563,956$1,529,857$1,300,780$2,478,540
54$2,764,180$1,543,520$1,283,056$2,641,891
55$2,982,895$1,555,922$1,262,807$2,819,970
56$3,221,928$1,566,939$1,239,889$3,014,247
57$3,483,287$1,576,442$1,214,148$3,226,346
58$3,769,186$1,584,291$1,185,425$3,458,056
59$4,082,060$1,590,339$1,153,554$3,711,350
60$4,424,593$1,594,428$1,118,361$3,988,401
61$4,799,738$1,596,392$1,079,663$4,291,603
62$5,210,749$1,596,053$1,037,269$4,623,599
63$5,661,209$1,593,222$990,981$4,987,297
64$6,155,062$1,587,700$940,589$5,385,907
65$6,696,656$1,579,275$885,876$5,822,963
66$7,290,776$1,567,720$826,614$6,302,364
67$7,942,694$1,552,798$762,565$6,828,405
68$8,658,219$1,534,255$693,481$7,405,821
69$9,443,746$1,511,822$619,101$8,039,831
70$10,306,322$1,485,216$539,155$8,736,189
71$11,253,710$1,454,134$453,360$9,501,234
72$12,294,459$1,418,258$361,418$10,341,957
73$13,437,991$1,377,249$263,022$11,266,060
74$14,694,681$1,330,750$157,849$12,282,034
75$16,075,964$1,278,381$45,562$13,399,238
76$17,594,434$1,219,744$0$14,627,989
77$19,263,967$1,154,412$0$15,993,919
78$21,099,853$1,081,939$0$17,505,562
79$23,118,933$1,001,850$0$19,168,045
80$25,339,768$913,644$0$20,996,668
81$27,782,802$816,791$0$23,008,291
82$30,470,565$710,731$0$25,221,493
83$33,427,878$594,872$0$27,656,744
84$36,682,091$468,590$0$30,336,603
85$40,263,337$331,223$0$33,285,926
86$44,204,820$182,076$0$36,532,105
87$48,543,125$20,411$0$40,105,321
88$53,318,564$0$0$44,038,836
89$58,575,554$0$0$48,381,205
90$64,363,040$0$0$53,163,570
91$70,734,953$0$0$58,428,933
92$77,750,717$0$0$64,226,406
93$85,475,814$0$0$70,610,111
94$93,982,399$0$0$77,639,680
95$103,349,979$0$0$85,380,826
96$113,666,166$0$0$93,905,960
97$125,027,500$0$0$103,294,870
98$137,540,362$0$0$113,635,479
99$151,321,979$0$0$125,024,674
100$166,501,524$0$0$137,569,215