Can I retire at age 45 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$102,398$101,486$100,596$99,727$98,879$97,362
2 years$50,692$49,748$48,833$47,946$47,085$45,560
3 years$33,459$32,511$31,598$30,719$29,873$28,387
4 years$24,844$23,899$22,995$22,132$21,306$19,871
5 years$19,677$18,737$17,845$16,999$16,196$14,817
6 years$16,233$15,300$14,422$13,594$12,815$11,493
7 years$13,774$12,849$11,985$11,177$10,422$9,158
8 years$11,930$11,014$10,164$9,376$8,646$7,439
9 years$10,497$9,590$8,754$7,986$7,282$6,131
10 years$9,352$8,453$7,632$6,884$6,204$5,109
11 years$8,415$7,525$6,719$5,991$5,336$4,295
12 years$7,635$6,754$5,963$5,255$4,624$3,637
13 years$6,975$6,104$5,328$4,640$4,032$3,097
14 years$6,410$5,548$4,787$4,118$3,535$2,649
15 years$5,921$5,068$4,322$3,673$3,112$2,276
16 years$5,494$4,650$3,918$3,289$2,750$1,961
17 years$5,117$4,283$3,566$2,955$2,439$1,695
18 years$4,782$3,957$3,255$2,663$2,168$1,468
19 years$4,483$3,668$2,980$2,406$1,933$1,274
20 years$4,214$3,408$2,735$2,179$1,726$1,108
21 years$3,971$3,174$2,515$1,978$1,545$965
22 years$3,751$2,963$2,318$1,798$1,385$841
23 years$3,550$2,771$2,141$1,638$1,243$734
24 years$3,366$2,597$1,980$1,494$1,117$642
25 years$3,197$2,437$1,834$1,364$1,005$561
26 years$3,041$2,290$1,701$1,247$906$491
27 years$2,897$2,155$1,579$1,142$817$430
28 years$2,764$2,031$1,468$1,046$737$377
29 years$2,640$1,916$1,366$959$665$330
30 years$2,524$1,810$1,272$880$601$289
31 years$2,416$1,711$1,186$809$543$254
32 years$2,315$1,619$1,107$743$492$223
33 years$2,221$1,533$1,033$683$445$196
34 years$2,132$1,453$966$629$403$172
35 years$2,048$1,378$903$579$365$151
36 years$1,969$1,308$844$533$331$132
37 years$1,895$1,242$790$491$300$116
38 years$1,825$1,180$740$453$272$102
39 years$1,758$1,123$693$417$246$90
40 years$1,695$1,068$650$385$223$79
41 years$1,635$1,017$609$355$203$69
42 years$1,579$968$572$328$184$61
43 years$1,525$922$536$303$167$54
44 years$1,473$879$504$279$152$47
45 years$1,424$839$473$258$138$41
46 years$1,378$800$444$238$125$36
47 years$1,333$763$417$220$113$32
48 years$1,290$729$392$203$103$28
49 years$1,250$696$369$188$94$25
50 years$1,211$665$346$174$85$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,240,000, adding $2,090 every year, while hoping to spend $59,333 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: 36/43/21 Blend
44$1,240,000$1,240,000$1,240,000$1,240,000
45$1,368,636$1,302,916$1,283,696$1,409,139
46$1,445,107$1,303,629$1,263,570$1,439,662
47$1,527,389$1,302,388$1,240,781$1,466,928
48$1,616,013$1,299,036$1,215,177$1,495,151
49$1,711,561$1,293,403$1,186,600$1,524,451
50$1,814,672$1,285,312$1,154,883$1,554,965
51$1,926,050$1,274,573$1,119,853$1,586,850
52$2,046,465$1,260,985$1,081,326$1,620,281
53$2,176,768$1,244,337$1,039,114$1,655,459
54$2,317,891$1,224,402$993,017$1,692,609
55$2,470,860$1,200,941$942,827$1,731,985
56$2,636,803$1,173,703$888,327$1,773,873
57$2,816,960$1,142,417$829,289$1,818,596
58$3,012,696$1,106,802$765,477$1,866,515
59$3,225,512$1,066,557$696,641$1,918,037
60$3,457,059$1,021,363$622,524$1,973,618
61$3,709,155$970,885$542,853$2,033,768
62$3,983,797$914,767$457,348$2,099,058
63$4,283,187$852,633$365,711$2,170,129
64$4,609,745$784,085$267,636$2,247,694
65$4,966,137$708,703$162,800$2,332,551
66$5,355,296$626,043$50,866$2,425,592
67$5,780,452$535,634$0$2,527,809
68$6,245,159$436,982$0$2,655,678
69$6,753,333$329,561$0$2,808,227
70$7,309,281$212,818$0$2,975,507
71$7,917,751$86,169$0$3,159,134
72$8,583,966$0$0$3,360,903
73$9,313,681$0$0$3,606,936
74$10,113,233$0$0$3,921,362
75$10,989,601$0$0$4,266,176
76$11,950,469$0$0$4,644,423
77$13,004,304$0$0$5,059,458
78$14,160,429$0$0$5,514,979
79$15,429,114$0$0$6,015,055
80$16,821,671$0$0$6,564,171
81$18,350,561$0$0$7,167,269
82$20,029,509$0$0$7,829,789
83$21,873,637$0$0$8,557,727
84$23,899,601$0$0$9,357,688
85$26,125,750$0$0$10,236,948
86$28,572,302$0$0$11,203,523
87$31,261,526$0$0$12,266,244
88$34,217,959$0$0$13,434,841
89$37,468,632$0$0$14,720,035
90$41,043,328$0$0$16,133,636
91$44,974,859$0$0$17,688,657
92$49,299,377$0$0$19,399,436
93$54,056,714$0$0$21,281,770
94$59,290,757$0$0$23,353,066
95$65,049,860$0$0$25,632,501
96$71,387,302$0$0$28,141,208
97$78,361,787$0$0$30,902,470
98$86,037,999$0$0$33,941,942
99$94,487,209$0$0$37,287,895
100$103,787,948$0$0$40,971,476