Can I retire at age 45 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$110,656$109,670$108,709$107,770$106,853$105,387
2 years$54,780$53,760$52,771$51,813$50,883$49,408
3 years$36,157$35,133$34,146$33,197$32,282$30,845
4 years$26,848$25,826$24,850$23,916$23,024$21,635
5 years$21,263$20,248$19,285$18,370$17,502$16,166
6 years$17,542$16,534$15,585$14,691$13,849$12,567
7 years$14,885$13,885$12,951$12,078$11,263$10,036
8 years$12,893$11,902$10,983$10,132$9,344$8,171
9 years$11,344$10,363$9,460$8,630$7,869$6,750
10 years$10,106$9,135$8,248$7,439$6,705$5,639
11 years$9,093$8,132$7,261$6,474$5,766$4,752
12 years$8,250$7,299$6,444$5,679$4,997$4,034
13 years$7,538$6,596$5,757$5,014$4,357$3,444
14 years$6,927$5,996$5,173$4,451$3,820$2,955
15 years$6,399$5,477$4,670$3,969$3,363$2,545
16 years$5,937$5,025$4,234$3,554$2,972$2,199
17 years$5,529$4,628$3,853$3,193$2,635$1,906
18 years$5,168$4,276$3,517$2,878$2,343$1,656
19 years$4,845$3,963$3,220$2,600$2,089$1,441
20 years$4,554$3,683$2,955$2,355$1,866$1,257
21 years$4,292$3,430$2,718$2,137$1,670$1,098
22 years$4,053$3,202$2,505$1,943$1,496$960
23 years$3,836$2,995$2,313$1,770$1,343$841
24 years$3,637$2,806$2,139$1,614$1,207$737
25 years$3,455$2,633$1,981$1,474$1,086$646
26 years$3,286$2,475$1,838$1,348$979$567
27 years$3,131$2,329$1,706$1,234$882$498
28 years$2,987$2,195$1,586$1,130$796$438
29 years$2,853$2,071$1,476$1,037$719$385
30 years$2,728$1,955$1,375$951$650$339
31 years$2,611$1,849$1,282$874$587$298
32 years$2,502$1,749$1,196$803$531$263
33 years$2,400$1,656$1,117$738$481$231
34 years$2,304$1,570$1,043$679$435$204
35 years$2,213$1,489$976$625$394$180
36 years$2,128$1,413$913$576$357$158
37 years$2,048$1,342$854$531$324$139
38 years$1,972$1,276$800$489$294$123
39 years$1,900$1,213$749$451$266$108
40 years$1,832$1,154$702$416$241$96
41 years$1,767$1,099$659$384$219$84
42 years$1,706$1,046$618$354$199$74
43 years$1,648$997$580$327$180$66
44 years$1,592$950$544$302$164$58
45 years$1,539$906$511$279$149$51
46 years$1,489$864$480$258$135$45
47 years$1,441$825$451$238$123$40
48 years$1,394$788$424$220$111$35
49 years$1,350$752$398$203$101$31
50 years$1,308$718$374$188$92$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,340,000, adding $4,220 every year, while hoping to spend $31,046 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: 58/29/13 Blend
44$1,340,000$1,340,000$1,340,000$1,340,000
45$1,481,033$1,410,013$1,389,243$1,561,870
46$1,599,066$1,446,071$1,402,750$1,653,002
47$1,728,097$1,482,855$1,415,669$1,748,480
48$1,869,216$1,520,368$1,427,947$1,851,823
49$2,023,623$1,558,613$1,439,530$1,963,790
50$2,192,637$1,597,589$1,450,358$2,085,218
51$2,377,712$1,637,298$1,460,372$2,217,027
52$2,580,450$1,677,736$1,469,505$2,360,233
53$2,802,614$1,718,903$1,477,692$2,515,952
54$3,046,146$1,760,795$1,484,860$2,685,415
55$3,313,184$1,803,405$1,490,934$2,869,977
56$3,606,085$1,846,728$1,495,836$3,071,133
57$3,927,443$1,890,755$1,499,484$3,290,525
58$4,280,115$1,935,476$1,501,790$3,529,968
59$4,667,251$1,980,878$1,502,664$3,791,456
60$5,092,317$2,026,948$1,502,010$4,077,189
61$5,559,134$2,073,669$1,499,728$4,389,591
62$6,071,909$2,121,022$1,495,712$4,731,331
63$6,635,279$2,168,986$1,489,853$5,105,351
64$7,254,349$2,217,538$1,482,035$5,514,892
65$7,934,745$2,266,651$1,472,136$5,963,527
66$8,682,666$2,316,294$1,460,030$6,455,189
67$9,504,941$2,366,435$1,445,583$6,994,217
68$10,409,092$2,417,037$1,428,657$7,585,389
69$11,403,407$2,468,060$1,409,105$8,233,970
70$12,497,019$2,519,459$1,386,775$8,945,764
71$13,699,989$2,571,187$1,361,506$9,727,166
72$15,023,403$2,623,190$1,333,131$10,585,222
73$16,479,475$2,675,411$1,301,476$11,527,699
74$18,081,662$2,727,786$1,266,356$12,563,154
75$19,844,792$2,780,249$1,227,579$13,701,019
76$21,785,204$2,832,724$1,184,946$14,951,687
77$23,920,899$2,885,132$1,138,247$16,326,612
78$26,271,714$2,937,387$1,087,261$17,838,417
79$28,859,505$2,989,395$1,031,760$19,501,012
80$31,708,355$3,041,055$971,505$21,329,728
81$34,844,801$3,092,261$906,244$23,341,460
82$38,298,083$3,142,894$835,716$25,554,827
83$42,100,422$3,192,831$759,647$27,990,348
84$46,287,322$3,241,936$677,752$30,670,637
85$50,897,904$3,290,066$589,732$33,620,615
86$55,975,278$3,337,067$495,275$36,867,748
87$61,566,947$3,382,773$394,057$40,442,303
88$67,725,254$3,427,008$285,737$44,377,639
89$74,507,881$3,469,582$169,960$48,710,516
90$81,978,387$3,510,294$46,356$53,481,450
91$90,206,812$3,548,928$0$58,735,090
92$99,270,335$3,585,254$0$64,532,507
93$109,254,004$3,619,026$0$70,923,697
94$120,251,538$3,649,984$0$77,962,045
95$132,366,209$3,677,847$0$85,713,473
96$145,711,820$3,702,319$0$94,250,630
97$160,413,778$3,723,085$0$103,653,572
98$176,610,275$3,739,808$0$114,010,526
99$194,453,595$3,752,131$0$125,418,716
100$214,111,549$3,759,673$0$137,985,283