Can I retire at age 45 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$107,353$106,397$105,464$104,553$103,664$101,779
2 years$53,145$52,155$51,196$50,266$49,364$47,472
3 years$35,078$34,084$33,127$32,206$31,318$29,478
4 years$26,046$25,055$24,108$23,202$22,337$20,562
5 years$20,629$19,644$18,709$17,822$16,980$15,276
6 years$17,018$16,041$15,120$14,252$13,436$11,804
7 years$14,440$13,471$12,564$11,718$10,927$9,369
8 years$12,508$11,547$10,656$9,830$9,065$7,580
9 years$11,005$10,054$9,178$8,373$7,634$6,221
10 years$9,804$8,862$8,001$7,217$6,504$5,162
11 years$8,822$7,889$7,044$6,281$5,594$4,320
12 years$8,004$7,081$6,252$5,509$4,848$3,642
13 years$7,313$6,399$5,585$4,864$4,227$3,087
14 years$6,720$5,817$5,018$4,318$3,706$2,628
15 years$6,208$5,314$4,531$3,851$3,263$2,247
16 years$5,759$4,875$4,108$3,448$2,884$1,927
17 years$5,364$4,490$3,738$3,098$2,557$1,657
18 years$5,014$4,149$3,412$2,792$2,273$1,428
19 years$4,700$3,845$3,124$2,523$2,026$1,233
20 years$4,418$3,573$2,867$2,285$1,810$1,067
21 years$4,164$3,328$2,637$2,074$1,620$924
22 years$3,932$3,107$2,430$1,885$1,452$801
23 years$3,722$2,906$2,244$1,717$1,303$696
24 years$3,529$2,722$2,075$1,566$1,171$604
25 years$3,352$2,555$1,922$1,430$1,054$526
26 years$3,188$2,401$1,783$1,308$949$457
27 years$3,037$2,260$1,655$1,197$856$398
28 years$2,897$2,129$1,539$1,097$772$347
29 years$2,767$2,009$1,432$1,006$697$302
30 years$2,646$1,897$1,334$923$630$264
31 years$2,533$1,793$1,244$848$570$230
32 years$2,427$1,697$1,160$779$515$201
33 years$2,328$1,607$1,083$716$466$175
34 years$2,235$1,523$1,012$659$422$153
35 years$2,147$1,445$946$607$382$133
36 years$2,065$1,371$885$559$347$116
37 years$1,987$1,302$829$515$314$102
38 years$1,913$1,238$776$475$285$89
39 years$1,843$1,177$727$438$258$78
40 years$1,777$1,120$681$404$234$68
41 years$1,715$1,066$639$372$212$59
42 years$1,655$1,015$599$344$193$52
43 years$1,598$967$562$317$175$45
44 years$1,545$922$528$293$159$39
45 years$1,493$879$496$271$144$35
46 years$1,444$839$466$250$131$30
47 years$1,398$800$437$231$119$26
48 years$1,353$764$411$213$108$23
49 years$1,310$730$386$197$98$20
50 years$1,269$697$363$182$89$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,300,000, adding $6,478 every year, while hoping to spend $58,884 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: 40/36/24 Blend
44$1,300,000$1,300,000$1,300,000$1,300,000
45$1,439,282$1,370,382$1,350,232$1,486,414
46$1,523,437$1,374,879$1,332,813$1,525,496
47$1,614,202$1,377,622$1,312,836$1,561,717
48$1,712,189$1,378,464$1,290,155$1,599,738
49$1,818,071$1,377,248$1,264,614$1,639,756
50$1,932,587$1,373,806$1,236,051$1,681,994
51$2,056,549$1,367,961$1,204,298$1,726,701
52$2,190,851$1,359,525$1,169,176$1,774,158
53$2,336,475$1,348,298$1,130,500$1,824,674
54$2,494,500$1,334,070$1,088,076$1,878,598
55$2,666,115$1,316,615$1,041,702$1,936,320
56$2,852,625$1,295,695$991,166$1,998,272
57$3,055,468$1,271,060$936,245$2,064,938
58$3,276,225$1,242,441$876,709$2,136,858
59$3,516,637$1,209,557$812,315$2,214,630
60$3,778,616$1,172,108$742,810$2,298,925
61$4,064,271$1,129,777$667,930$2,390,485
62$4,375,920$1,082,229$587,399$2,490,138
63$4,716,115$1,029,110$500,929$2,598,804
64$5,087,667$970,045$408,218$2,717,505
65$5,493,668$904,636$308,952$2,847,377
66$5,937,524$832,465$202,804$2,989,681
67$6,422,983$753,087$89,429$3,145,818
68$6,954,174$666,035$0$3,317,342
69$7,535,642$570,813$0$3,514,059
70$8,172,391$466,897$0$3,754,764
71$8,869,935$353,735$0$4,018,753
72$9,634,344$230,743$0$4,308,479
73$10,472,301$97,304$0$4,626,656
74$11,391,171$0$0$4,976,283
75$12,399,062$0$0$5,379,385
76$13,504,907$0$0$5,864,129
77$14,718,544$0$0$6,396,302
78$16,050,811$0$0$6,980,679
79$17,513,644$0$0$7,622,518
80$19,120,194$0$0$8,327,614
81$20,884,948$0$0$9,102,350
82$22,823,863$0$0$9,953,756
83$24,954,519$0$0$10,889,579
84$27,296,285$0$0$11,918,352
85$29,870,498$0$0$13,049,479
86$32,700,666$0$0$14,293,318
87$35,812,687$0$0$15,661,281
88$39,235,096$0$0$17,165,943
89$42,999,330$0$0$18,821,157
90$47,140,027$0$0$20,642,188
91$51,695,350$0$0$22,645,855
92$56,707,348$0$0$24,850,688
93$62,222,350$0$0$27,277,105
94$68,291,404$0$0$29,947,603
95$74,970,757$0$0$32,886,971
96$82,322,383$0$0$36,122,524
97$90,414,571$0$0$39,684,357
98$99,322,563$0$0$43,605,633
99$109,129,270$0$0$47,922,893
100$119,926,050$0$0$52,676,403