Can I retire at age 45 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$99,921$99,031$98,162$97,315$96,487$95,599
2 years$49,466$48,544$47,652$46,786$45,946$45,051
3 years$32,650$31,724$30,834$29,976$29,150$28,276
4 years$24,243$23,321$22,439$21,596$20,790$19,944
5 years$19,201$18,284$17,414$16,588$15,804$14,989
6 years$15,840$14,930$14,073$13,265$12,505$11,721
7 years$13,441$12,538$11,695$10,906$10,170$9,417
8 years$11,642$10,748$9,918$9,149$8,437$7,716
9 years$10,243$9,358$8,542$7,793$7,105$6,415
10 years$9,125$8,248$7,447$6,718$6,054$5,395
11 years$8,211$7,343$6,557$5,846$5,207$4,578
12 years$7,450$6,591$5,819$5,128$4,512$3,913
13 years$6,806$5,956$5,199$4,527$3,935$3,365
14 years$6,255$5,414$4,671$4,019$3,449$2,908
15 years$5,778$4,946$4,217$3,584$3,037$2,523
16 years$5,361$4,538$3,824$3,209$2,684$2,197
17 years$4,993$4,179$3,479$2,883$2,380$1,919
18 years$4,667$3,862$3,176$2,599$2,116$1,680
19 years$4,375$3,579$2,908$2,348$1,886$1,475
20 years$4,112$3,326$2,668$2,127$1,685$1,296
21 years$3,875$3,098$2,455$1,930$1,508$1,142
22 years$3,660$2,892$2,262$1,755$1,351$1,007
23 years$3,464$2,704$2,089$1,598$1,213$889
24 years$3,285$2,534$1,932$1,458$1,090$786
25 years$3,120$2,378$1,789$1,331$981$695
26 years$2,968$2,235$1,659$1,217$884$616
27 years$2,827$2,103$1,541$1,114$797$546
28 years$2,697$1,982$1,432$1,021$719$484
29 years$2,576$1,870$1,333$936$649$429
30 years$2,463$1,766$1,242$859$587$381
31 years$2,358$1,669$1,158$789$530$338
32 years$2,259$1,579$1,080$725$480$301
33 years$2,167$1,496$1,008$667$434$267
34 years$2,080$1,418$942$613$393$238
35 years$1,999$1,345$881$565$356$211
36 years$1,922$1,276$824$520$323$188
37 years$1,849$1,212$771$479$292$167
38 years$1,781$1,152$722$442$265$149
39 years$1,716$1,095$677$407$240$132
40 years$1,654$1,042$634$376$218$118
41 years$1,596$992$595$347$198$105
42 years$1,541$945$558$320$179$93
43 years$1,488$900$524$295$163$83
44 years$1,438$858$491$273$148$74
45 years$1,390$818$461$252$134$66
46 years$1,344$781$433$233$122$59
47 years$1,301$745$407$215$111$52
48 years$1,259$711$383$199$100$47
49 years$1,219$679$360$183$91$42
50 years$1,181$649$338$170$83$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,210,000, adding $2,620 every year, while hoping to spend $54,035 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: 29/48/23 Blend
44$1,210,000$1,210,000$1,210,000$1,210,000
45$1,336,123$1,271,993$1,253,238$1,365,208
46$1,414,914$1,276,827$1,237,728$1,392,796
47$1,499,932$1,280,088$1,219,888$1,417,478
48$1,591,753$1,281,640$1,199,583$1,442,890
49$1,691,013$1,281,342$1,176,670$1,469,132
50$1,798,410$1,279,041$1,151,002$1,496,315
51$1,914,711$1,274,578$1,122,424$1,524,567
52$2,040,760$1,267,780$1,090,773$1,554,032
53$2,177,484$1,258,469$1,055,881$1,584,876
54$2,325,905$1,246,451$1,017,570$1,617,287
55$2,487,143$1,231,523$975,655$1,651,477
56$2,662,433$1,213,469$929,941$1,687,685
57$2,853,134$1,192,062$880,226$1,726,183
58$3,060,738$1,167,058$826,299$1,767,275
59$3,286,891$1,138,201$767,937$1,811,306
60$3,533,401$1,105,220$704,910$1,858,662
61$3,802,259$1,067,827$636,976$1,909,777
62$4,095,657$1,025,718$563,882$1,965,139
63$4,416,007$978,571$485,365$2,025,294
64$4,765,964$926,045$401,150$2,090,854
65$5,148,452$867,781$310,948$2,162,503
66$5,566,689$803,397$214,460$2,241,008
67$6,024,219$732,491$111,371$2,327,223
68$6,524,943$654,637$1,356$2,422,103
69$7,073,158$569,385$0$2,526,714
70$7,673,595$476,260$0$2,670,725
71$8,331,465$374,760$0$2,829,185
72$9,052,504$264,353$0$3,003,327
73$9,843,034$144,480$0$3,194,889
74$10,710,013$14,550$0$3,405,795
75$11,661,109$0$0$3,638,182
76$12,704,764$0$0$3,960,999
77$13,850,281$0$0$4,323,958
78$15,107,903$0$0$4,722,646
79$16,488,918$0$0$5,160,667
80$18,005,755$0$0$5,641,988
81$19,672,112$0$0$6,170,986
82$21,503,075$0$0$6,752,476
83$23,515,265$0$0$7,391,768
84$25,726,993$0$0$8,094,710
85$28,158,432$0$0$8,867,745
86$30,831,808$0$0$9,717,972
87$33,771,606$0$0$10,653,212
88$37,004,804$0$0$11,682,083
89$40,561,126$0$0$12,814,079
90$44,473,321$0$0$14,059,662
91$48,777,471$0$0$15,430,359
92$53,513,332$0$0$16,938,870
93$58,724,709$0$0$18,599,190
94$64,459,866$0$0$20,426,738
95$70,771,984$0$0$22,438,504
96$77,719,660$0$0$24,653,210
97$85,367,461$0$0$27,091,484
98$93,786,530$0$0$29,776,058
99$103,055,258$0$0$32,731,976
100$113,260,026$0$0$35,986,840