Can I retire at age 45 with 1,220,000?

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 $1,220,000?

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$100,746$99,849$98,974$98,119$97,285$96,389
2 years$49,874$48,946$48,045$47,173$46,326$45,424
3 years$32,919$31,987$31,089$30,224$29,391$28,510
4 years$24,443$23,513$22,625$21,775$20,962$20,109
5 years$19,359$18,435$17,558$16,725$15,935$15,112
6 years$15,971$15,053$14,189$13,375$12,609$11,818
7 years$13,552$12,642$11,791$10,996$10,254$9,495
8 years$11,738$10,836$10,000$9,225$8,507$7,780
9 years$10,328$9,435$8,613$7,857$7,164$6,468
10 years$9,201$8,317$7,509$6,773$6,104$5,440
11 years$8,279$7,404$6,611$5,895$5,250$4,616
12 years$7,512$6,645$5,867$5,170$4,549$3,946
13 years$6,863$6,005$5,242$4,565$3,967$3,393
14 years$6,307$5,459$4,710$4,052$3,478$2,932
15 years$5,826$4,987$4,252$3,614$3,062$2,544
16 years$5,405$4,575$3,855$3,236$2,706$2,215
17 years$5,034$4,213$3,508$2,907$2,399$1,935
18 years$4,705$3,893$3,202$2,620$2,133$1,694
19 years$4,411$3,608$2,932$2,367$1,902$1,487
20 years$4,146$3,353$2,691$2,144$1,699$1,307
21 years$3,907$3,123$2,475$1,946$1,520$1,151
22 years$3,690$2,915$2,281$1,769$1,362$1,015
23 years$3,493$2,727$2,106$1,611$1,223$896
24 years$3,312$2,555$1,948$1,470$1,099$792
25 years$3,145$2,398$1,804$1,342$989$701
26 years$2,992$2,253$1,673$1,227$891$621
27 years$2,850$2,121$1,554$1,123$803$550
28 years$2,719$1,998$1,444$1,029$725$488
29 years$2,597$1,885$1,344$944$655$433
30 years$2,483$1,780$1,252$866$591$384
31 years$2,377$1,683$1,167$795$535$341
32 years$2,278$1,592$1,089$731$484$303
33 years$2,185$1,508$1,017$672$438$269
34 years$2,097$1,429$950$619$396$240
35 years$2,015$1,356$888$569$359$213
36 years$1,938$1,287$831$524$325$189
37 years$1,864$1,222$778$483$295$169
38 years$1,795$1,161$728$445$267$150
39 years$1,730$1,104$682$411$242$134
40 years$1,668$1,051$640$379$220$119
41 years$1,609$1,000$600$349$199$106
42 years$1,553$953$563$323$181$94
43 years$1,500$908$528$298$164$84
44 years$1,450$865$495$275$149$75
45 years$1,401$825$465$254$135$67
46 years$1,355$787$437$234$123$59
47 years$1,312$751$411$217$112$53
48 years$1,270$717$386$200$101$47
49 years$1,230$685$363$185$92$42
50 years$1,191$654$341$171$84$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,220,000, adding $4,600 every year, while hoping to spend $45,207 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: 32/40/28 Blend
44$1,220,000$1,220,000$1,220,000$1,220,000
45$1,349,185$1,284,525$1,265,615$1,380,714
46$1,438,702$1,299,367$1,259,913$1,420,116
47$1,535,834$1,313,421$1,252,505$1,458,215
48$1,641,312$1,326,600$1,243,286$1,498,369
49$1,755,935$1,338,814$1,232,146$1,540,791
50$1,880,588$1,349,963$1,218,970$1,585,716
51$2,016,240$1,359,943$1,203,638$1,633,408
52$2,163,959$1,368,642$1,186,022$1,684,162
53$2,324,920$1,375,943$1,165,991$1,738,303
54$2,500,417$1,381,720$1,143,407$1,796,194
55$2,691,872$1,385,837$1,118,124$1,858,240
56$2,900,854$1,388,153$1,089,991$1,924,889
57$3,129,085$1,388,517$1,058,850$1,996,641
58$3,378,464$1,386,767$1,024,535$2,074,049
59$3,651,082$1,382,733$986,871$2,157,729
60$3,949,240$1,376,234$945,679$2,248,364
61$4,275,470$1,367,078$900,767$2,346,711
62$4,632,564$1,355,060$851,938$2,453,613
63$5,023,592$1,339,965$798,985$2,570,001
64$5,451,938$1,321,563$741,691$2,696,910
65$5,921,328$1,299,612$679,829$2,835,486
66$6,435,864$1,273,853$613,164$2,987,001
67$7,000,065$1,244,015$541,448$3,152,861
68$7,618,909$1,209,809$464,424$3,334,627
69$8,297,878$1,170,930$381,822$3,534,026
70$9,043,009$1,127,053$293,360$3,752,970
71$9,860,954$1,077,836$198,746$3,993,576
72$10,759,039$1,022,918$97,672$4,258,187
73$11,745,336$961,916$0$4,549,396
74$12,828,734$894,424$0$4,873,118
75$14,019,028$820,014$0$5,260,818
76$15,327,008$738,234$0$5,686,901
77$16,764,560$648,604$0$6,155,356
78$18,344,780$550,620$0$6,670,588
79$20,082,094$443,748$0$7,237,460
80$21,992,398$327,422$0$7,861,339
81$24,093,204$201,046$0$8,548,149
82$26,403,805$63,993$0$9,304,430
83$28,945,461$0$0$10,137,398
84$31,741,592$0$0$11,092,169
85$34,818,005$0$0$12,173,848
86$38,203,134$0$0$13,364,292
87$41,928,307$0$0$14,674,545
88$46,028,043$0$0$16,116,778
89$50,540,379$0$0$17,704,400
90$55,507,224$0$0$19,452,186
91$60,974,756$0$0$21,376,418
92$66,993,859$0$0$23,495,034
93$73,620,601$0$0$25,827,803
94$80,916,761$0$0$28,396,507
95$88,950,415$0$0$31,225,149
96$97,796,577$0$0$34,340,176
97$107,537,904$0$0$37,770,733
98$118,265,477$0$0$41,548,935
99$130,079,662$0$0$45,710,168
100$143,091,054$0$0$50,293,430