Can I retire at age 45 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$105,701$104,760$103,841$102,944$102,069$100,008
2 years$52,327$51,353$50,408$49,493$48,604$46,537
3 years$34,538$33,560$32,618$31,710$30,837$28,827
4 years$25,646$24,670$23,737$22,846$21,993$20,057
5 years$20,311$19,341$18,421$17,548$16,719$14,862
6 years$16,756$15,794$14,887$14,033$13,229$11,453
7 years$14,218$13,264$12,371$11,537$10,759$9,065
8 years$12,315$11,369$10,492$9,678$8,925$7,312
9 years$10,836$9,899$9,036$8,244$7,516$5,983
10 years$9,653$8,726$7,878$7,106$6,404$4,950
11 years$8,686$7,768$6,936$6,185$5,508$4,130
12 years$7,881$6,972$6,155$5,425$4,773$3,470
13 years$7,200$6,301$5,499$4,789$4,162$2,931
14 years$6,617$5,727$4,941$4,251$3,649$2,488
15 years$6,112$5,232$4,461$3,791$3,212$2,119
16 years$5,671$4,800$4,045$3,395$2,839$1,811
17 years$5,282$4,421$3,681$3,050$2,517$1,552
18 years$4,936$4,085$3,360$2,749$2,238$1,332
19 years$4,628$3,786$3,076$2,484$1,995$1,146
20 years$4,350$3,518$2,823$2,250$1,782$988
21 years$4,100$3,277$2,596$2,042$1,595$852
22 years$3,872$3,059$2,393$1,856$1,429$736
23 years$3,664$2,861$2,210$1,691$1,283$637
24 years$3,475$2,680$2,043$1,542$1,153$551
25 years$3,300$2,515$1,893$1,408$1,038$477
26 years$3,139$2,364$1,755$1,288$935$414
27 years$2,991$2,225$1,630$1,179$843$359
28 years$2,853$2,097$1,515$1,080$761$311
29 years$2,725$1,978$1,410$990$687$270
30 years$2,606$1,868$1,313$909$621$235
31 years$2,494$1,766$1,225$835$561$204
32 years$2,390$1,671$1,142$767$507$177
33 years$2,292$1,582$1,067$705$459$154
34 years$2,201$1,500$997$649$416$134
35 years$2,114$1,422$932$597$377$116
36 years$2,033$1,350$872$550$341$101
37 years$1,956$1,282$816$507$309$88
38 years$1,884$1,219$764$467$280$76
39 years$1,815$1,159$716$431$254$66
40 years$1,750$1,102$671$397$231$58
41 years$1,688$1,049$629$367$209$50
42 years$1,630$999$590$338$190$44
43 years$1,574$952$554$312$172$38
44 years$1,521$908$520$288$156$33
45 years$1,470$866$488$266$142$29
46 years$1,422$826$458$246$129$25
47 years$1,376$788$431$227$117$22
48 years$1,332$752$405$210$106$19
49 years$1,290$718$380$194$97$17
50 years$1,250$686$358$179$88$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,280,000, adding $4,768 every year, while hoping to spend $54,414 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: 46/44/10 Blend
44$1,280,000$1,280,000$1,280,000$1,280,000
45$1,415,478$1,347,638$1,327,798$1,476,425
46$1,501,961$1,355,776$1,314,383$1,527,146
47$1,595,441$1,362,490$1,298,695$1,576,142
48$1,696,575$1,367,651$1,280,601$1,628,056
49$1,806,084$1,371,124$1,259,959$1,683,177
50$1,924,762$1,372,766$1,236,625$1,741,828
51$2,053,480$1,372,424$1,210,445$1,804,362
52$2,193,198$1,369,936$1,181,257$1,871,176
53$2,344,970$1,365,129$1,148,895$1,942,706
54$2,509,957$1,357,820$1,113,184$2,019,440
55$2,689,436$1,347,816$1,073,938$2,101,916
56$2,884,810$1,334,911$1,030,967$2,190,731
57$3,097,626$1,318,887$984,069$2,286,547
58$3,329,584$1,299,512$933,036$2,390,098
59$3,582,555$1,276,542$877,646$2,502,198
60$3,858,600$1,249,717$817,672$2,623,747
61$4,159,987$1,218,763$752,873$2,755,744
62$4,489,211$1,183,387$682,999$2,899,294
63$4,849,020$1,143,283$607,790$3,055,620
64$5,242,440$1,098,124$526,970$3,226,078
65$5,672,801$1,047,564$440,257$3,412,167
66$6,143,772$991,240$347,350$3,615,549
67$6,659,391$928,765$247,941$3,838,060
68$7,224,105$859,730$141,703$4,081,733
69$7,842,811$783,705$28,298$4,348,816
70$8,520,904$700,233$0$4,641,797
71$9,264,323$608,831$0$4,973,320
72$10,079,611$508,991$0$5,340,399
73$10,973,974$400,174$0$5,743,415
74$11,955,349$281,812$0$6,186,129
75$13,032,477$153,303$0$6,672,696
76$14,214,990$14,015$0$7,207,704
77$15,513,494$0$0$7,796,222
78$16,939,677$0$0$8,510,045
79$18,506,410$0$0$9,301,827
80$20,227,874$0$0$10,171,969
81$22,119,693$0$0$11,128,389
82$24,199,078$0$0$12,179,808
83$26,484,990$0$0$13,335,836
84$28,998,319$0$0$14,607,060
85$31,762,082$0$0$16,005,144
86$34,801,635$0$0$17,542,941
87$38,144,917$0$0$19,234,608
88$41,822,710$0$0$21,095,748
89$45,868,928$0$0$23,143,548
90$50,320,941$0$0$25,396,950
91$55,219,920$0$0$27,876,821
92$60,611,231$0$0$30,606,154
93$66,544,861$0$0$33,610,284
94$73,075,887$0$0$36,917,129
95$80,264,996$0$0$40,557,447
96$88,179,058$0$0$44,565,133
97$96,891,756$0$0$48,977,534
98$106,484,280$0$0$53,835,803
99$117,046,092$0$0$59,185,286
100$128,675,773$0$0$65,075,951