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%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 $5,176 every year, while hoping to spend $45,193 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: 64/14/22 Blend
44$1,320,000$1,320,000$1,320,000$1,320,000
45$1,459,979$1,390,019$1,369,559$1,544,804
46$1,560,812$1,410,045$1,367,354$1,622,607
47$1,670,415$1,429,537$1,363,561$1,702,029
48$1,789,635$1,448,423$1,358,078$1,787,763
49$1,919,404$1,466,622$1,350,800$1,880,433
50$2,060,748$1,484,050$1,341,616$1,980,723
51$2,214,793$1,500,618$1,330,409$2,089,390
52$2,382,782$1,516,229$1,317,058$2,207,267
53$2,566,082$1,530,780$1,301,436$2,335,275
54$2,766,197$1,544,162$1,283,408$2,474,427
55$2,984,782$1,556,259$1,262,835$2,625,844
56$3,223,660$1,566,946$1,239,571$2,790,759
57$3,484,838$1,576,092$1,213,461$2,970,534
58$3,770,526$1,583,555$1,184,347$3,166,670
59$4,083,157$1,589,186$1,152,059$3,380,822
60$4,425,409$1,592,826$1,116,423$3,614,818
61$4,800,233$1,594,306$1,077,255$3,870,671
62$5,210,876$1,593,447$1,034,363$4,150,603
63$5,660,918$1,590,058$987,547$4,457,064
64$6,154,297$1,583,937$936,595$4,792,755
65$6,695,354$1,574,869$881,290$5,160,656
66$7,288,869$1,562,625$821,402$5,564,052
67$7,940,105$1,546,966$756,690$6,006,567
68$8,654,863$1,527,634$686,906$6,492,196
69$9,439,529$1,504,358$611,787$7,025,345
70$10,301,139$1,476,850$531,061$7,610,873
71$11,247,446$1,444,806$444,442$8,254,137
72$12,286,987$1,407,903$351,632$8,961,045
73$13,429,169$1,365,800$252,321$9,738,108
74$14,684,353$1,318,133$146,183$10,592,511
75$16,063,958$1,264,522$32,881$11,532,170
76$17,580,558$1,204,560$0$12,565,817
77$19,248,011$1,137,820$0$13,723,742
78$21,081,583$1,063,848$0$15,005,474
79$23,098,092$982,164$0$16,415,078
80$25,316,071$892,264$0$17,965,548
81$27,755,935$793,610$0$19,671,204
82$30,440,181$685,637$0$21,547,829
83$33,393,594$567,748$0$23,612,815
84$36,643,484$439,310$0$25,885,329
85$40,219,939$299,657$0$28,386,495
86$44,156,117$148,084$0$31,139,591
87$48,488,547$0$0$34,170,273
88$53,257,483$0$0$37,509,303
89$58,507,278$0$0$41,210,236
90$64,286,805$0$0$45,284,727
91$70,649,915$0$0$49,770,753
92$77,655,946$0$0$54,710,165
93$85,370,284$0$0$60,149,074
94$93,864,978$0$0$66,138,294
95$103,219,419$0$0$72,733,816
96$113,521,089$0$0$79,997,338
97$124,866,388$0$0$87,996,846
98$137,361,542$0$0$96,807,257
99$151,123,603$0$0$106,511,123
100$166,281,556$0$0$117,199,415