Can I retire at age 45 with 1,260,000?

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 $1,260,000?

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 years$104,050$103,123$102,219$101,336$100,474$97,219
2 years$51,510$50,550$49,621$48,719$47,845$44,596
3 years$33,999$33,035$32,108$31,215$30,355$27,214
4 years$25,245$24,284$23,366$22,489$21,649$18,641
5 years$19,994$19,039$18,133$17,273$16,457$13,589
6 years$16,495$15,547$14,654$13,814$13,022$10,296
7 years$13,996$13,056$12,178$11,357$10,591$8,007
8 years$12,123$11,192$10,328$9,527$8,786$6,343
9 years$10,667$9,744$8,895$8,115$7,399$5,094
10 years$9,502$8,589$7,755$6,995$6,304$4,133
11 years$8,551$7,646$6,827$6,088$5,422$3,381
12 years$7,758$6,863$6,059$5,340$4,699$2,783
13 years$7,088$6,202$5,414$4,714$4,097$2,303
14 years$6,514$5,638$4,864$4,185$3,592$1,913
15 years$6,017$5,150$4,392$3,732$3,162$1,595
16 years$5,582$4,725$3,982$3,342$2,795$1,333
17 years$5,199$4,352$3,623$3,003$2,478$1,117
18 years$4,859$4,021$3,307$2,706$2,203$937
19 years$4,555$3,727$3,028$2,445$1,964$788
20 years$4,282$3,463$2,779$2,214$1,754$663
21 years$4,036$3,226$2,556$2,010$1,570$559
22 years$3,811$3,011$2,356$1,827$1,407$471
23 years$3,607$2,816$2,175$1,664$1,263$398
24 years$3,420$2,639$2,012$1,518$1,135$336
25 years$3,248$2,476$1,863$1,386$1,022$284
26 years$3,090$2,327$1,728$1,267$920$240
27 years$2,944$2,190$1,605$1,160$830$203
28 years$2,808$2,064$1,492$1,063$749$172
29 years$2,682$1,947$1,388$975$676$145
30 years$2,565$1,839$1,293$895$611$123
31 years$2,455$1,738$1,205$822$552$104
32 years$2,353$1,645$1,125$755$500$88
33 years$2,256$1,558$1,050$694$452$75
34 years$2,166$1,476$981$639$409$63
35 years$2,081$1,400$917$588$371$54
36 years$2,001$1,329$858$542$336$45
37 years$1,926$1,262$803$499$304$38
38 years$1,854$1,200$752$460$276$33
39 years$1,787$1,141$705$424$250$28
40 years$1,723$1,085$660$391$227$23
41 years$1,662$1,033$619$361$206$20
42 years$1,604$984$581$333$187$17
43 years$1,549$937$545$307$170$14
44 years$1,497$894$512$284$154$12
45 years$1,447$852$480$262$140$10
46 years$1,400$813$451$242$127$9
47 years$1,355$776$424$224$115$7
48 years$1,311$740$398$207$105$6
49 years$1,270$707$374$191$95$5
50 years$1,230$675$352$177$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,260,000, adding $2,997 every year, while hoping to spend $58,916 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: 59/21/20 Blend
44$1,260,000$1,260,000$1,260,000$1,260,000
45$1,391,611$1,324,831$1,305,301$1,466,212
46$1,470,870$1,327,062$1,286,343$1,519,393
47$1,556,238$1,327,427$1,264,775$1,570,672
48$1,648,276$1,325,774$1,240,447$1,625,278
49$1,747,602$1,321,938$1,213,203$1,683,544
50$1,854,891$1,315,747$1,182,880$1,745,837
51$1,970,889$1,307,018$1,149,305$1,812,566
52$2,096,413$1,295,554$1,112,300$1,884,183
53$2,232,362$1,281,151$1,071,677$1,961,188
54$2,379,724$1,263,589$1,027,239$2,044,135
55$2,539,586$1,242,635$978,782$2,133,637
56$2,713,144$1,218,044$926,091$2,230,374
57$2,901,712$1,189,556$868,943$2,335,097
58$3,106,737$1,156,894$807,102$2,448,637
59$3,329,809$1,119,767$740,325$2,571,914
60$3,572,679$1,077,866$668,356$2,705,945
61$3,837,274$1,030,863$590,928$2,851,855
62$4,125,714$978,413$507,761$3,010,891
63$4,440,330$920,149$418,565$3,184,427
64$4,783,693$855,685$323,036$3,373,986
65$5,158,627$784,611$220,855$3,581,249
66$5,568,245$706,495$111,692$3,808,077
67$6,015,973$620,880$0$4,056,525
68$6,505,581$527,282$0$4,329,889
69$7,041,223$425,191$0$4,655,157
70$7,627,470$314,068$0$5,011,322
71$8,269,358$193,344$0$5,401,532
72$8,972,431$62,416$0$5,829,259
73$9,742,795$0$0$6,298,332
74$10,587,174$0$0$6,831,311
75$11,512,974$0$0$7,431,601
76$12,528,352$0$0$8,090,082
77$13,642,291$0$0$8,812,591
78$14,864,688$0$0$9,605,562
79$16,206,442$0$0$10,476,081
80$17,679,560$0$0$11,431,950
81$19,297,268$0$0$12,481,769
82$21,074,136$0$0$13,635,007
83$23,026,213$0$0$14,902,099
84$25,171,181$0$0$16,294,538
85$27,528,520$0$0$17,824,988
86$30,119,688$0$0$19,507,398
87$32,968,327$0$0$21,357,138
88$36,100,486$0$0$23,391,142
89$39,544,861$0$0$25,628,064
90$43,333,068$0$0$28,088,460
91$47,499,944$0$0$30,794,975
92$52,083,869$0$0$33,772,563
93$57,127,130$0$0$37,048,713
94$62,676,321$0$0$40,653,719
95$68,782,780$0$0$44,620,955
96$75,503,072$0$0$48,987,198
97$82,899,524$0$0$53,792,966
98$91,040,811$0$0$59,082,908
99$100,002,603$0$0$64,906,221
100$109,868,281$0$0$71,317,113