Can I retire at age 45 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$109,004$108,033$107,086$106,161$105,259$102,714
2 years$53,963$52,958$51,984$51,039$50,123$47,575
3 years$35,618$34,608$33,637$32,701$31,800$29,328
4 years$26,447$25,441$24,479$23,559$22,680$20,303
5 years$20,946$19,946$18,997$18,096$17,241$14,965
6 years$17,280$16,287$15,352$14,471$13,642$11,470
7 years$14,662$13,678$12,758$11,898$11,095$9,027
8 years$12,700$11,725$10,820$9,981$9,204$7,240
9 years$11,175$10,208$9,319$8,501$7,751$5,888
10 years$9,955$8,998$8,124$7,328$6,604$4,841
11 years$8,958$8,011$7,153$6,378$5,680$4,014
12 years$8,127$7,190$6,348$5,594$4,922$3,350
13 years$7,425$6,498$5,671$4,939$4,292$2,811
14 years$6,824$5,906$5,096$4,384$3,763$2,370
15 years$6,303$5,395$4,601$3,910$3,313$2,005
16 years$5,848$4,950$4,171$3,501$2,928$1,701
17 years$5,447$4,559$3,796$3,146$2,596$1,447
18 years$5,091$4,213$3,465$2,835$2,308$1,234
19 years$4,772$3,904$3,172$2,561$2,057$1,053
20 years$4,486$3,628$2,911$2,320$1,838$901
21 years$4,228$3,379$2,678$2,105$1,645$771
22 years$3,993$3,154$2,468$1,914$1,474$661
23 years$3,779$2,950$2,279$1,743$1,323$567
24 years$3,583$2,764$2,107$1,590$1,189$487
25 years$3,403$2,594$1,952$1,452$1,070$419
26 years$3,237$2,438$1,810$1,328$964$360
27 years$3,084$2,294$1,681$1,215$869$310
28 years$2,942$2,162$1,563$1,114$784$267
29 years$2,810$2,040$1,454$1,021$708$229
30 years$2,687$1,926$1,355$937$640$198
31 years$2,572$1,821$1,263$861$579$170
32 years$2,465$1,723$1,178$791$523$147
33 years$2,364$1,632$1,100$727$474$126
34 years$2,269$1,546$1,028$669$429$109
35 years$2,180$1,467$961$616$388$94
36 years$2,096$1,392$899$567$352$81
37 years$2,017$1,322$841$523$319$70
38 years$1,943$1,257$788$482$289$60
39 years$1,872$1,195$738$444$262$52
40 years$1,805$1,137$692$410$238$45
41 years$1,741$1,082$649$378$216$39
42 years$1,681$1,031$609$349$196$33
43 years$1,623$982$571$322$178$29
44 years$1,568$936$536$297$161$25
45 years$1,516$893$503$275$146$21
46 years$1,466$852$473$254$133$18
47 years$1,419$813$444$234$121$16
48 years$1,374$776$417$217$110$14
49 years$1,330$741$392$200$100$12
50 years$1,289$708$369$185$90$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,320,000, adding $3,068 every year, while hoping to spend $29,467 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: 76/16/8 Blend
44$1,320,000$1,320,000$1,320,000$1,320,000
45$1,457,805$1,387,845$1,367,385$1,566,653
46$1,575,148$1,424,496$1,381,839$1,675,316
47$1,703,473$1,461,956$1,395,791$1,790,319
48$1,843,868$1,500,233$1,409,191$1,915,524
49$1,997,533$1,539,335$1,421,989$2,051,935
50$2,165,788$1,579,269$1,434,132$2,200,654
51$2,350,086$1,620,041$1,445,563$2,362,894
52$2,552,030$1,661,658$1,456,225$2,539,994
53$2,773,382$1,704,125$1,466,054$2,733,426
54$3,016,086$1,747,445$1,474,985$2,944,813
55$3,282,279$1,791,622$1,482,949$3,175,939
56$3,574,318$1,836,659$1,489,875$3,428,775
57$3,894,799$1,882,556$1,495,686$3,705,486
58$4,246,580$1,929,312$1,500,303$4,008,461
59$4,632,809$1,976,926$1,503,641$4,340,330
60$5,056,956$2,025,396$1,505,613$4,703,989
61$5,522,841$2,074,716$1,506,127$5,102,632
62$6,034,674$2,124,880$1,505,085$5,539,774
63$6,597,091$2,175,880$1,502,386$6,019,289
64$7,215,202$2,227,706$1,497,924$6,545,446
65$7,894,634$2,280,345$1,491,586$7,122,947
66$8,641,588$2,333,783$1,483,255$7,756,973
67$9,462,895$2,388,003$1,472,809$8,453,233
68$10,366,081$2,442,986$1,460,119$9,218,015
69$11,359,438$2,498,709$1,445,050$10,058,250
70$12,452,102$2,555,147$1,427,460$10,981,573
71$13,654,138$2,612,271$1,407,202$11,996,399
72$14,976,638$2,670,051$1,384,121$13,111,997
73$16,431,821$2,728,449$1,358,055$14,338,583
74$18,033,151$2,787,427$1,328,834$15,687,413
75$19,795,463$2,846,941$1,296,281$17,170,889
76$21,735,103$2,906,944$1,260,209$18,802,678
77$23,870,083$2,967,383$1,220,425$20,597,841
78$26,220,247$3,028,201$1,176,725$22,572,973
79$28,807,463$3,089,334$1,128,896$24,746,359
80$31,655,827$3,150,714$1,076,717$27,138,151
81$34,791,890$3,212,267$1,019,955$29,770,553
82$38,244,906$3,273,912$958,368$32,668,036
83$42,047,114$3,335,562$891,700$35,857,562
84$46,234,036$3,397,120$819,689$39,368,844
85$50,844,815$3,458,486$742,055$43,234,627
86$55,922,582$3,519,548$658,510$47,490,992
87$61,514,867$3,580,188$568,752$52,177,699
88$67,674,043$3,640,276$472,465$57,338,567
89$74,457,822$3,699,676$369,318$63,021,878
90$81,929,798$3,758,239$258,969$69,280,843
91$90,160,051$3,815,805$141,057$76,174,098
92$99,225,801$3,872,205$15,208$83,766,257
93$109,212,145$3,927,255$0$92,128,527
94$120,212,853$3,980,760$0$101,349,544
95$132,331,257$4,032,511$0$111,507,659
96$145,681,225$4,082,283$0$122,696,902
97$160,388,232$4,129,837$0$135,022,321
98$176,590,552$4,174,919$0$148,599,680
99$194,440,553$4,217,255$0$163,556,546
100$214,106,145$4,256,556$0$180,033,495