Can I retire at age 45 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$89,185$88,391$87,616$86,859$86,121$83,971
2 years$44,151$43,329$42,532$41,759$41,010$38,857
3 years$29,142$28,316$27,521$26,756$26,018$23,931
4 years$21,638$20,815$20,028$19,276$18,557$16,550
5 years$17,138$16,319$15,543$14,806$14,106$12,186
6 years$14,138$13,326$12,561$11,840$11,162$9,330
7 years$11,997$11,191$10,438$9,735$9,078$7,334
8 years$10,391$9,593$8,852$8,166$7,531$5,875
9 years$9,143$8,352$7,625$6,956$6,342$4,773
10 years$8,145$7,362$6,647$5,996$5,404$3,919
11 years$7,329$6,554$5,852$5,218$4,647$3,245
12 years$6,650$5,883$5,194$4,577$4,027$2,705
13 years$6,075$5,316$4,640$4,041$3,512$2,267
14 years$5,583$4,832$4,169$3,587$3,078$1,908
15 years$5,157$4,414$3,764$3,199$2,711$1,612
16 years$4,785$4,050$3,413$2,864$2,396$1,366
17 years$4,457$3,730$3,106$2,574$2,124$1,160
18 years$4,165$3,447$2,835$2,319$1,889$988
19 years$3,905$3,194$2,595$2,096$1,683$842
20 years$3,671$2,968$2,382$1,898$1,504$719
21 years$3,459$2,765$2,191$1,723$1,346$615
22 years$3,267$2,581$2,019$1,566$1,206$526
23 years$3,092$2,414$1,864$1,426$1,083$451
24 years$2,932$2,262$1,724$1,301$973$387
25 years$2,784$2,122$1,597$1,188$876$332
26 years$2,649$1,995$1,481$1,086$789$285
27 years$2,523$1,877$1,375$994$711$244
28 years$2,407$1,769$1,279$911$642$210
29 years$2,299$1,669$1,190$835$579$181
30 years$2,198$1,576$1,108$767$524$155
31 years$2,104$1,490$1,033$704$473$133
32 years$2,017$1,410$964$647$428$115
33 years$1,934$1,335$900$595$387$99
34 years$1,857$1,265$841$548$351$85
35 years$1,784$1,200$786$504$318$73
36 years$1,715$1,139$736$464$288$63
37 years$1,651$1,082$688$428$261$54
38 years$1,589$1,028$645$394$237$47
39 years$1,531$978$604$364$215$40
40 years$1,477$930$566$335$195$35
41 years$1,424$885$531$309$177$30
42 years$1,375$843$498$285$160$26
43 years$1,328$803$467$264$145$22
44 years$1,283$766$439$243$132$19
45 years$1,241$730$412$225$120$16
46 years$1,200$697$387$208$109$14
47 years$1,161$665$363$192$99$12
48 years$1,124$635$341$177$90$10
49 years$1,088$606$321$164$81$9
50 years$1,054$579$302$151$74$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,080,000, adding $6,343 every year, while hoping to spend $31,809 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: 75/14/11 Blend
44$1,080,000$1,080,000$1,080,000$1,080,000
45$1,196,703$1,139,463$1,122,723$1,283,484
46$1,284,922$1,161,452$1,126,489$1,363,570
47$1,381,073$1,183,452$1,129,316$1,446,684
48$1,485,933$1,205,431$1,131,138$1,536,881
49$1,600,353$1,227,353$1,131,887$1,634,853
50$1,725,274$1,249,178$1,131,490$1,741,362
51$1,861,731$1,270,867$1,129,873$1,857,250
52$2,010,861$1,292,372$1,126,958$1,983,441
53$2,173,918$1,313,648$1,122,660$2,120,955
54$2,352,282$1,334,641$1,116,894$2,270,916
55$2,547,473$1,355,297$1,109,568$2,434,561
56$2,761,165$1,375,556$1,100,588$2,613,254
57$2,995,199$1,395,353$1,089,853$2,808,497
58$3,251,605$1,414,621$1,077,258$3,021,945
59$3,532,617$1,433,287$1,062,695$3,255,422
60$3,840,698$1,451,271$1,046,049$3,510,938
61$4,178,556$1,468,491$1,027,200$3,790,708
62$4,549,179$1,484,857$1,006,021$4,097,171
63$4,955,855$1,500,274$982,381$4,433,017
64$5,402,204$1,514,641$956,144$4,801,210
65$5,892,219$1,527,848$927,164$5,205,014
66$6,430,293$1,539,780$895,292$5,648,029
67$7,021,268$1,550,315$860,370$6,134,219
68$7,670,478$1,559,321$822,233$6,667,956
69$8,383,798$1,566,659$780,709$7,254,056
70$9,167,702$1,572,181$735,618$7,897,826
71$10,029,319$1,575,729$686,773$8,605,116
72$10,976,506$1,577,136$633,977$9,382,372
73$12,017,918$1,576,225$577,024$10,236,699
74$13,163,092$1,572,806$515,700$11,175,925
75$14,422,532$1,566,678$449,781$12,208,680
76$15,807,815$1,557,630$379,033$13,344,473
77$17,331,694$1,545,435$303,212$14,593,783
78$19,008,219$1,529,855$222,063$15,968,161
79$20,852,875$1,510,634$135,319$17,480,335
80$22,882,718$1,487,506$42,702$19,144,332
81$25,116,545$1,460,183$0$20,975,615
82$27,575,066$1,428,366$0$22,997,808
83$30,281,100$1,391,733$0$25,228,878
84$33,259,791$1,349,946$0$27,684,540
85$36,538,843$1,302,648$0$30,387,639
86$40,148,786$1,249,458$0$33,363,350
87$44,123,257$1,189,976$0$36,639,416
88$48,499,321$1,123,777$0$40,246,410
89$53,317,822$1,050,413$0$44,218,022
90$58,623,765$969,407$0$48,591,380
91$64,466,741$880,260$0$53,407,396
92$70,901,396$782,440$0$58,711,158
93$77,987,945$675,387$0$64,552,351
94$85,792,743$558,509$0$70,985,730
95$94,388,906$431,179$0$78,071,633
96$103,857,005$292,737$0$85,876,555
97$114,285,824$142,485$0$94,473,774
98$125,773,197$0$0$103,944,041
99$138,426,934$0$0$114,379,476
100$152,365,836$0$0$125,899,021