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

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$109,004$108,033$107,086$106,161$105,259$103,260
2 years$53,963$52,958$51,984$51,039$50,123$48,117
3 years$35,618$34,608$33,637$32,701$31,800$29,850
4 years$26,447$25,441$24,479$23,559$22,680$20,800
5 years$20,946$19,946$18,997$18,096$17,241$15,437
6 years$17,280$16,287$15,352$14,471$13,642$11,916
7 years$14,662$13,678$12,758$11,898$11,095$9,447
8 years$12,700$11,725$10,820$9,981$9,204$7,634
9 years$11,175$10,208$9,319$8,501$7,751$6,257
10 years$9,955$8,998$8,124$7,328$6,604$5,186
11 years$8,958$8,011$7,153$6,378$5,680$4,335
12 years$8,127$7,190$6,348$5,594$4,922$3,649
13 years$7,425$6,498$5,671$4,939$4,292$3,089
14 years$6,824$5,906$5,096$4,384$3,763$2,627
15 years$6,303$5,395$4,601$3,910$3,313$2,243
16 years$5,848$4,950$4,171$3,501$2,928$1,920
17 years$5,447$4,559$3,796$3,146$2,596$1,649
18 years$5,091$4,213$3,465$2,835$2,308$1,419
19 years$4,772$3,904$3,172$2,561$2,057$1,224
20 years$4,486$3,628$2,911$2,320$1,838$1,057
21 years$4,228$3,379$2,678$2,105$1,645$914
22 years$3,993$3,154$2,468$1,914$1,474$791
23 years$3,779$2,950$2,279$1,743$1,323$686
24 years$3,583$2,764$2,107$1,590$1,189$595
25 years$3,403$2,594$1,952$1,452$1,070$517
26 years$3,237$2,438$1,810$1,328$964$449
27 years$3,084$2,294$1,681$1,215$869$390
28 years$2,942$2,162$1,563$1,114$784$339
29 years$2,810$2,040$1,454$1,021$708$295
30 years$2,687$1,926$1,355$937$640$257
31 years$2,572$1,821$1,263$861$579$224
32 years$2,465$1,723$1,178$791$523$195
33 years$2,364$1,632$1,100$727$474$170
34 years$2,269$1,546$1,028$669$429$148
35 years$2,180$1,467$961$616$388$129
36 years$2,096$1,392$899$567$352$112
37 years$2,017$1,322$841$523$319$98
38 years$1,943$1,257$788$482$289$85
39 years$1,872$1,195$738$444$262$75
40 years$1,805$1,137$692$410$238$65
41 years$1,741$1,082$649$378$216$57
42 years$1,681$1,031$609$349$196$49
43 years$1,623$982$571$322$178$43
44 years$1,568$936$536$297$161$38
45 years$1,516$893$503$275$146$33
46 years$1,466$852$473$254$133$29
47 years$1,419$813$444$234$121$25
48 years$1,374$776$417$217$110$22
49 years$1,330$741$392$200$100$19
50 years$1,289$708$369$185$90$17

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 $5,056 every year, while hoping to spend $41,267 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: 46/32/22 Blend
44$1,320,000$1,320,000$1,320,000$1,320,000
45$1,459,855$1,389,895$1,369,435$1,517,593
46$1,564,853$1,414,092$1,371,404$1,582,826
47$1,679,177$1,438,092$1,372,055$1,649,080
48$1,803,735$1,461,841$1,371,301$1,720,122
49$1,939,527$1,485,282$1,369,051$1,796,417
50$2,087,652$1,508,354$1,365,207$1,878,482
51$2,249,320$1,530,990$1,359,668$1,966,883
52$2,425,862$1,553,121$1,352,329$2,062,249
53$2,618,746$1,574,670$1,343,078$2,165,273
54$2,829,586$1,595,556$1,331,799$2,276,719
55$3,060,159$1,615,694$1,318,369$2,397,431
56$3,312,422$1,634,989$1,302,661$2,528,341
57$3,588,529$1,653,344$1,284,541$2,670,479
58$3,890,854$1,670,653$1,263,868$2,824,980
59$4,222,010$1,686,804$1,240,496$2,993,097
60$4,584,874$1,701,676$1,214,272$3,176,214
61$4,982,614$1,715,142$1,185,033$3,375,859
62$5,418,722$1,727,065$1,152,613$3,593,715
63$5,897,041$1,737,300$1,116,835$3,831,645
64$6,421,805$1,745,694$1,077,515$4,091,700
65$6,997,678$1,752,082$1,034,461$4,376,145
66$7,629,797$1,756,289$987,471$4,687,482
67$8,323,820$1,758,132$936,335$5,028,468
68$9,085,981$1,757,411$880,833$5,402,147
69$9,923,146$1,753,919$820,736$5,811,877
70$10,842,879$1,747,433$755,802$6,261,365
71$11,853,513$1,737,718$685,783$6,754,697
72$12,964,229$1,724,524$610,414$7,296,386
73$14,185,140$1,707,585$529,422$7,891,406
74$15,527,389$1,686,621$442,522$8,545,246
75$17,003,251$1,661,334$349,415$9,263,963
76$18,626,251$1,631,407$249,789$10,054,234
77$20,411,290$1,596,508$143,318$10,923,428
78$22,374,786$1,556,281$29,663$11,879,672
79$24,534,826$1,510,351$0$12,931,927
80$26,911,342$1,458,322$0$14,111,589
81$29,526,293$1,399,774$0$15,416,881
82$32,403,873$1,334,261$0$16,852,949
83$35,570,743$1,261,314$0$18,433,146
84$39,056,276$1,180,435$0$20,172,197
85$42,892,838$1,091,099$0$22,086,332
86$47,116,094$992,750$0$24,193,441
87$51,765,340$884,799$0$26,513,247
88$56,883,876$766,625$0$29,067,491
89$62,519,415$637,573$0$31,880,137
90$68,724,530$496,949$0$34,977,603
91$75,557,153$344,021$0$38,389,009
92$83,081,120$178,015$0$42,146,455
93$91,366,771$0$0$46,285,321
94$100,491,617$0$0$50,845,274
95$110,541,068$0$0$55,936,520
96$121,609,241$0$0$61,544,081
97$133,799,847$0$0$67,720,528
98$147,227,169$0$0$74,523,789
99$162,017,139$0$0$82,017,700
100$178,308,529$0$0$90,272,602