Can I retire at age 45 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$99,095$98,212$97,351$96,510$95,690$93,490
2 years$49,057$48,143$47,258$46,399$45,567$43,363
3 years$32,380$31,462$30,579$29,728$28,909$26,770
4 years$24,043$23,128$22,254$21,418$20,618$18,560
5 years$19,042$18,133$17,270$16,451$15,674$13,702
6 years$15,709$14,807$13,956$13,156$12,402$10,520
7 years$13,329$12,435$11,598$10,816$10,086$8,293
8 years$11,546$10,659$9,836$9,073$8,367$6,662
9 years$10,159$9,280$8,472$7,729$7,047$5,429
10 years$9,050$8,180$7,386$6,662$6,004$4,472
11 years$8,143$7,282$6,502$5,798$5,164$3,714
12 years$7,388$6,536$5,771$5,086$4,475$3,106
13 years$6,750$5,907$5,156$4,490$3,902$2,612
14 years$6,204$5,369$4,632$3,986$3,421$2,206
15 years$5,730$4,905$4,182$3,554$3,012$1,870
16 years$5,316$4,500$3,792$3,183$2,662$1,590
17 years$4,952$4,144$3,451$2,860$2,360$1,356
18 years$4,628$3,830$3,150$2,577$2,098$1,158
19 years$4,339$3,549$2,884$2,329$1,870$991
20 years$4,078$3,298$2,646$2,109$1,671$850
21 years$3,843$3,072$2,434$1,914$1,495$729
22 years$3,630$2,868$2,244$1,740$1,340$627
23 years$3,435$2,682$2,071$1,585$1,203$539
24 years$3,257$2,513$1,916$1,446$1,081$464
25 years$3,094$2,358$1,774$1,320$973$400
26 years$2,943$2,216$1,646$1,207$876$344
27 years$2,804$2,086$1,528$1,105$790$297
28 years$2,675$1,966$1,421$1,012$713$256
29 years$2,555$1,854$1,322$928$644$221
30 years$2,443$1,751$1,231$852$582$191
31 years$2,338$1,655$1,148$782$526$165
32 years$2,241$1,566$1,071$719$476$142
33 years$2,149$1,483$1,000$661$431$123
34 years$2,063$1,406$934$608$390$106
35 years$1,982$1,333$874$560$353$92
36 years$1,906$1,266$817$516$320$79
37 years$1,834$1,202$765$475$290$69
38 years$1,766$1,142$716$438$263$59
39 years$1,702$1,086$671$404$238$51
40 years$1,641$1,034$629$373$216$44
41 years$1,583$984$590$344$196$38
42 years$1,528$937$553$317$178$33
43 years$1,476$893$519$293$162$29
44 years$1,426$851$487$270$147$25
45 years$1,378$811$458$250$133$21
46 years$1,333$774$430$231$121$19
47 years$1,290$739$404$213$110$16
48 years$1,249$705$379$197$100$14
49 years$1,209$673$357$182$91$12
50 years$1,172$643$335$168$82$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,200,000, adding $5,250 every year, while hoping to spend $22,312 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: 47/47/6 Blend
44$1,200,000$1,200,000$1,200,000$1,200,000
45$1,327,815$1,264,215$1,245,615$1,387,870
46$1,439,513$1,302,422$1,263,604$1,467,803
47$1,561,855$1,341,753$1,281,447$1,551,722
48$1,695,906$1,382,240$1,299,116$1,642,265
49$1,842,834$1,423,915$1,316,582$1,740,053
50$2,003,927$1,466,812$1,333,812$1,845,767
51$2,180,606$1,510,964$1,350,773$1,960,158
52$2,374,433$1,556,406$1,367,429$2,084,049
53$2,587,129$1,603,174$1,383,742$2,218,349
54$2,820,591$1,651,304$1,399,672$2,364,053
55$3,076,908$1,700,835$1,415,178$2,522,262
56$3,358,380$1,751,804$1,430,214$2,694,181
57$3,667,543$1,804,250$1,444,735$2,881,142
58$4,007,189$1,858,215$1,458,690$3,084,606
59$4,380,394$1,913,739$1,472,027$3,306,185
60$4,790,547$1,970,865$1,484,693$3,547,651
61$5,241,380$2,029,635$1,496,628$3,810,956
62$5,737,008$2,090,094$1,507,772$4,098,248
63$6,281,962$2,152,288$1,518,061$4,411,892
64$6,881,234$2,216,262$1,527,428$4,754,494
65$7,540,325$2,282,064$1,535,802$5,128,920
66$8,265,295$2,349,742$1,543,109$5,538,330
67$9,062,822$2,419,346$1,549,269$5,986,201
68$9,940,262$2,490,926$1,554,202$6,476,364
69$10,905,721$2,564,534$1,557,820$7,013,038
70$11,968,132$2,640,223$1,560,034$7,600,868
71$13,137,334$2,718,046$1,560,748$8,244,973
72$14,424,170$2,798,059$1,559,861$8,950,989
73$15,840,589$2,880,318$1,557,271$9,725,127
74$17,399,756$2,964,880$1,552,865$10,574,226
75$19,116,175$3,051,803$1,546,530$11,505,821
76$21,005,831$3,141,147$1,538,145$12,528,213
77$23,086,335$3,232,973$1,527,583$13,650,546
78$25,377,095$3,327,343$1,514,711$14,882,894
79$27,899,496$3,424,319$1,499,390$16,236,355
80$30,677,100$3,523,966$1,481,475$17,723,158
81$33,735,873$3,626,350$1,460,813$19,356,772
82$37,104,427$3,731,535$1,437,246$21,152,041
83$40,814,289$3,839,592$1,410,604$23,125,316
84$44,900,201$3,950,587$1,380,714$25,294,616
85$49,400,447$4,064,590$1,347,393$27,679,792
86$54,357,211$4,181,673$1,310,449$30,302,716
87$59,816,979$4,301,908$1,269,682$33,187,488
88$65,830,977$4,425,367$1,224,882$36,360,664
89$72,455,651$4,552,125$1,175,830$39,851,502
90$79,753,204$4,682,256$1,122,298$43,692,243
91$87,792,181$4,815,837$1,064,045$47,918,411
92$96,648,114$4,952,943$1,000,821$52,569,150
93$106,404,238$5,093,654$932,364$57,687,594
94$117,152,274$5,238,047$858,402$63,321,270
95$128,993,296$5,386,201$778,649$69,522,550
96$142,038,685$5,538,197$692,806$76,349,143
97$156,411,177$5,694,115$600,561$83,864,641
98$172,246,026$5,854,036$501,589$92,139,117
99$189,692,279$6,018,042$395,551$101,249,787
100$208,914,180$6,186,215$282,090$111,281,740