Can I retire at age 45 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$101,572$100,667$99,785$98,923$98,082$94,866
2 years$50,283$49,347$48,439$47,559$46,706$43,497
3 years$33,189$32,249$31,343$30,472$29,632$26,530
4 years$24,644$23,706$22,810$21,953$21,134$18,163
5 years$19,518$18,586$17,701$16,862$16,066$13,234
6 years$16,102$15,177$14,305$13,485$12,712$10,022
7 years$13,663$12,745$11,888$11,087$10,338$7,789
8 years$11,834$10,925$10,082$9,300$8,577$6,167
9 years$10,413$9,512$8,683$7,922$7,223$4,949
10 years$9,276$8,385$7,570$6,829$6,154$4,013
11 years$8,347$7,464$6,665$5,943$5,293$3,281
12 years$7,573$6,700$5,915$5,213$4,587$2,699
13 years$6,919$6,055$5,285$4,602$4,000$2,232
14 years$6,359$5,503$4,748$4,085$3,506$1,853
15 years$5,873$5,027$4,287$3,643$3,087$1,543
16 years$5,449$4,613$3,887$3,262$2,728$1,289
17 years$5,076$4,248$3,537$2,931$2,419$1,079
18 years$4,744$3,925$3,229$2,641$2,151$905
19 years$4,447$3,638$2,956$2,387$1,917$760
20 years$4,180$3,381$2,713$2,162$1,712$639
21 years$3,939$3,149$2,495$1,962$1,532$538
22 years$3,721$2,939$2,300$1,784$1,374$454
23 years$3,521$2,749$2,123$1,625$1,233$382
24 years$3,339$2,576$1,964$1,482$1,108$323
25 years$3,171$2,417$1,819$1,353$997$273
26 years$3,017$2,272$1,687$1,237$898$230
27 years$2,874$2,138$1,566$1,132$810$195
28 years$2,741$2,015$1,456$1,038$731$164
29 years$2,618$1,901$1,355$951$660$139
30 years$2,504$1,795$1,262$873$596$118
31 years$2,397$1,697$1,177$802$539$99
32 years$2,297$1,606$1,098$737$488$84
33 years$2,203$1,520$1,025$678$441$71
34 years$2,115$1,441$958$624$400$60
35 years$2,032$1,367$895$574$362$51
36 years$1,954$1,297$838$529$328$43
37 years$1,880$1,232$784$487$297$37
38 years$1,810$1,171$734$449$269$31
39 years$1,744$1,113$688$414$244$26
40 years$1,682$1,059$645$382$222$22
41 years$1,622$1,008$605$352$201$19
42 years$1,566$960$567$325$182$16
43 years$1,512$915$532$300$166$13
44 years$1,461$872$500$277$150$11
45 years$1,413$832$469$256$136$10
46 years$1,366$793$441$236$124$8
47 years$1,322$757$414$218$112$7
48 years$1,280$723$389$202$102$6
49 years$1,240$690$366$187$93$5
50 years$1,201$659$344$172$84$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,230,000, adding $2,665 every year, while hoping to spend $28,519 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: 72/23/5 Blend
44$1,230,000$1,230,000$1,230,000$1,230,000
45$1,358,209$1,293,019$1,273,954$1,455,218
46$1,466,402$1,326,033$1,286,287$1,552,524
47$1,584,675$1,359,709$1,298,078$1,655,184
48$1,714,027$1,394,049$1,309,278$1,766,765
49$1,855,555$1,429,054$1,319,836$1,888,138
50$2,010,469$1,464,726$1,329,699$2,020,261
51$2,180,103$1,501,064$1,338,810$2,164,187
52$2,365,924$1,538,066$1,347,110$2,321,077
53$2,569,547$1,575,730$1,354,537$2,492,210
54$2,792,751$1,614,051$1,361,025$2,678,993
55$3,037,498$1,653,026$1,366,505$2,882,977
56$3,305,945$1,692,647$1,370,905$3,105,870
57$3,600,471$1,732,905$1,374,150$3,349,552
58$3,923,693$1,773,792$1,376,158$3,616,094
59$4,278,498$1,815,296$1,376,847$3,907,779
60$4,668,062$1,857,403$1,376,129$4,227,120
61$5,095,886$1,900,097$1,373,911$4,576,887
62$5,565,826$1,943,362$1,370,097$4,960,129
63$6,082,130$1,987,176$1,364,585$5,380,207
64$6,649,477$2,031,518$1,357,269$5,840,823
65$7,273,024$2,076,362$1,348,037$6,346,057
66$7,958,449$2,121,681$1,336,773$6,900,402
67$8,712,010$2,167,443$1,323,355$7,508,809
68$9,540,602$2,213,614$1,307,653$8,176,733
69$10,451,818$2,260,156$1,289,535$8,910,185
70$11,454,028$2,307,028$1,268,859$9,715,787
71$12,556,452$2,354,185$1,245,478$10,600,837
72$13,769,247$2,401,577$1,219,238$11,573,375
73$15,103,606$2,449,150$1,189,979$12,642,260
74$16,571,861$2,496,846$1,157,531$13,817,254
75$18,187,601$2,544,602$1,121,718$15,109,115
76$19,965,797$2,592,348$1,082,356$16,529,695
77$21,922,945$2,640,010$1,039,252$18,092,056
78$24,077,223$2,687,507$992,204$19,810,590
79$26,448,657$2,734,753$941,001$21,701,157
80$29,059,319$2,781,654$885,423$23,781,234
81$31,933,524$2,828,110$825,239$26,070,079
82$35,098,068$2,874,012$760,209$28,588,913
83$38,582,476$2,919,244$690,081$31,361,124
84$42,419,282$2,963,680$614,593$34,412,480
85$46,644,337$3,007,189$533,470$37,771,381
86$51,297,143$3,049,625$446,425$41,469,121
87$56,421,231$3,090,836$353,159$45,540,186
88$62,064,567$3,130,657$253,360$50,022,579
89$68,280,006$3,168,912$146,701$54,958,179
90$75,125,794$3,205,416$32,842$60,393,138
91$82,666,110$3,239,967$0$66,378,311
92$90,971,679$3,272,351$0$72,974,476
93$100,120,436$3,302,341$0$80,240,839
94$110,198,259$3,329,695$0$88,243,730
95$121,299,785$3,354,154$0$97,058,173
96$133,529,298$3,375,442$0$106,766,845
97$147,001,715$3,393,267$0$117,460,856
98$161,843,669$3,407,317$0$129,240,608
99$178,194,708$3,417,260$0$142,216,742
100$196,208,607$3,422,744$0$156,511,184