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

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$110,656$109,670$108,709$107,770$106,853$104,825
2 years$54,780$53,760$52,771$51,813$50,883$48,847
3 years$36,157$35,133$34,146$33,197$32,282$30,302
4 years$26,848$25,826$24,850$23,916$23,024$21,115
5 years$21,263$20,248$19,285$18,370$17,502$15,671
6 years$17,542$16,534$15,585$14,691$13,849$12,096
7 years$14,885$13,885$12,951$12,078$11,263$9,590
8 years$12,893$11,902$10,983$10,132$9,344$7,749
9 years$11,344$10,363$9,460$8,630$7,869$6,352
10 years$10,106$9,135$8,248$7,439$6,705$5,265
11 years$9,093$8,132$7,261$6,474$5,766$4,401
12 years$8,250$7,299$6,444$5,679$4,997$3,705
13 years$7,538$6,596$5,757$5,014$4,357$3,136
14 years$6,927$5,996$5,173$4,451$3,820$2,667
15 years$6,399$5,477$4,670$3,969$3,363$2,277
16 years$5,937$5,025$4,234$3,554$2,972$1,950
17 years$5,529$4,628$3,853$3,193$2,635$1,674
18 years$5,168$4,276$3,517$2,878$2,343$1,441
19 years$4,845$3,963$3,220$2,600$2,089$1,242
20 years$4,554$3,683$2,955$2,355$1,866$1,073
21 years$4,292$3,430$2,718$2,137$1,670$928
22 years$4,053$3,202$2,505$1,943$1,496$803
23 years$3,836$2,995$2,313$1,770$1,343$696
24 years$3,637$2,806$2,139$1,614$1,207$604
25 years$3,455$2,633$1,981$1,474$1,086$525
26 years$3,286$2,475$1,838$1,348$979$456
27 years$3,131$2,329$1,706$1,234$882$396
28 years$2,987$2,195$1,586$1,130$796$345
29 years$2,853$2,071$1,476$1,037$719$300
30 years$2,728$1,955$1,375$951$650$261
31 years$2,611$1,849$1,282$874$587$227
32 years$2,502$1,749$1,196$803$531$198
33 years$2,400$1,656$1,117$738$481$172
34 years$2,304$1,570$1,043$679$435$150
35 years$2,213$1,489$976$625$394$131
36 years$2,128$1,413$913$576$357$114
37 years$2,048$1,342$854$531$324$99
38 years$1,972$1,276$800$489$294$87
39 years$1,900$1,213$749$451$266$76
40 years$1,832$1,154$702$416$241$66
41 years$1,767$1,099$659$384$219$58
42 years$1,706$1,046$618$354$199$50
43 years$1,648$997$580$327$180$44
44 years$1,592$950$544$302$164$38
45 years$1,539$906$511$279$149$33
46 years$1,489$864$480$258$135$29
47 years$1,441$825$451$238$123$25
48 years$1,394$788$424$220$111$22
49 years$1,350$752$398$203$101$19
50 years$1,308$718$374$188$92$17

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 $5,082 every year, while hoping to spend $41,775 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: 50/41/9 Blend
44$1,340,000$1,340,000$1,340,000$1,340,000
45$1,481,922$1,410,902$1,390,132$1,552,269
46$1,588,630$1,435,588$1,392,253$1,625,561
47$1,704,822$1,460,083$1,393,045$1,700,296
48$1,831,421$1,484,335$1,392,420$1,780,531
49$1,969,443$1,508,285$1,390,283$1,866,794
50$2,120,008$1,531,872$1,386,539$1,959,665
51$2,284,345$1,555,030$1,381,084$2,059,784
52$2,463,809$1,577,687$1,373,811$2,167,859
53$2,659,892$1,599,768$1,364,608$2,284,666
54$2,874,235$1,621,192$1,353,358$2,411,066
55$3,108,648$1,641,871$1,339,936$2,548,006
56$3,365,120$1,661,712$1,324,213$2,696,530
57$3,645,842$1,680,616$1,306,055$2,857,791
58$3,953,229$1,698,477$1,285,319$3,033,060
59$4,289,938$1,715,182$1,261,856$3,223,740
60$4,658,896$1,730,611$1,235,513$3,431,376
61$5,063,326$1,744,633$1,206,125$3,657,675
62$5,506,779$1,757,114$1,173,524$3,904,518
63$5,993,164$1,767,906$1,137,530$4,173,980
64$6,526,788$1,776,855$1,097,959$4,468,351
65$7,112,395$1,783,795$1,054,615$4,790,155
66$7,755,210$1,788,552$1,007,295$5,142,177
67$8,460,988$1,790,938$955,787$5,527,489
68$9,236,071$1,790,755$899,868$5,949,479
69$10,087,442$1,787,794$839,305$6,411,883
70$11,022,795$1,781,830$773,856$6,918,821
71$12,050,607$1,772,627$703,267$7,474,840
72$13,180,216$1,759,933$627,273$8,084,952
73$14,421,909$1,743,480$545,598$8,754,684
74$15,787,020$1,722,987$457,952$9,490,133
75$17,288,036$1,698,153$364,033$10,298,024
76$18,938,713$1,668,661$263,526$11,185,769
77$20,754,210$1,634,173$156,102$12,161,546
78$22,751,225$1,594,333$41,417$13,234,370
79$24,948,159$1,548,764$0$14,414,186
80$27,365,283$1,497,066$0$15,719,731
81$30,024,936$1,438,815$0$17,160,071
82$32,951,727$1,373,565$0$18,744,591
83$36,172,774$1,300,841$0$20,488,029
84$39,717,958$1,220,143$0$22,406,635
85$43,620,200$1,130,940$0$24,518,319
86$47,915,778$1,032,674$0$26,842,830
87$52,644,664$924,752$0$29,401,939
88$57,850,903$806,548$0$32,219,644
89$63,583,027$677,401$0$35,322,402
90$69,894,516$536,613$0$38,739,380
91$76,844,295$383,446$0$42,502,729
92$84,497,299$217,120$0$46,647,892
93$92,925,078$36,814$0$51,213,941
94$102,206,476$0$0$56,243,942
95$112,428,372$0$0$61,856,812
96$123,686,503$0$0$68,057,169
97$136,086,361$0$0$74,886,527
98$149,744,195$0$0$82,408,936
99$164,788,105$0$0$90,694,977
100$181,359,248$0$0$99,822,424