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%11.5%
1 years$89,185$88,391$87,616$86,859$86,121$85,578
2 years$44,151$43,329$42,532$41,759$41,010$40,462
3 years$29,142$28,316$27,521$26,756$26,018$25,483
4 years$21,638$20,815$20,028$19,276$18,557$18,038
5 years$17,138$16,319$15,543$14,806$14,106$13,605
6 years$14,138$13,326$12,561$11,840$11,162$10,679
7 years$11,997$11,191$10,438$9,735$9,078$8,614
8 years$10,391$9,593$8,852$8,166$7,531$7,086
9 years$9,143$8,352$7,625$6,956$6,342$5,916
10 years$8,145$7,362$6,647$5,996$5,404$4,996
11 years$7,329$6,554$5,852$5,218$4,647$4,258
12 years$6,650$5,883$5,194$4,577$4,027$3,655
13 years$6,075$5,316$4,640$4,041$3,512$3,157
14 years$5,583$4,832$4,169$3,587$3,078$2,741
15 years$5,157$4,414$3,764$3,199$2,711$2,390
16 years$4,785$4,050$3,413$2,864$2,396$2,091
17 years$4,457$3,730$3,106$2,574$2,124$1,835
18 years$4,165$3,447$2,835$2,319$1,889$1,615
19 years$3,905$3,194$2,595$2,096$1,683$1,424
20 years$3,671$2,968$2,382$1,898$1,504$1,258
21 years$3,459$2,765$2,191$1,723$1,346$1,114
22 years$3,267$2,581$2,019$1,566$1,206$988
23 years$3,092$2,414$1,864$1,426$1,083$877
24 years$2,932$2,262$1,724$1,301$973$779
25 years$2,784$2,122$1,597$1,188$876$693
26 years$2,649$1,995$1,481$1,086$789$617
27 years$2,523$1,877$1,375$994$711$550
28 years$2,407$1,769$1,279$911$642$490
29 years$2,299$1,669$1,190$835$579$438
30 years$2,198$1,576$1,108$767$524$391
31 years$2,104$1,490$1,033$704$473$349
32 years$2,017$1,410$964$647$428$312
33 years$1,934$1,335$900$595$387$279
34 years$1,857$1,265$841$548$351$249
35 years$1,784$1,200$786$504$318$223
36 years$1,715$1,139$736$464$288$199
37 years$1,651$1,082$688$428$261$179
38 years$1,589$1,028$645$394$237$160
39 years$1,531$978$604$364$215$143
40 years$1,477$930$566$335$195$128
41 years$1,424$885$531$309$177$115
42 years$1,375$843$498$285$160$103
43 years$1,328$803$467$264$145$92
44 years$1,283$766$439$243$132$83
45 years$1,241$730$412$225$120$74
46 years$1,200$697$387$208$109$66
47 years$1,161$665$363$192$99$59
48 years$1,124$635$341$177$90$53
49 years$1,088$606$321$164$81$48
50 years$1,054$579$302$151$74$43

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 $2,654 every year, while hoping to spend $45,449 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: 48/31/21 Blend
44$1,080,000$1,080,000$1,080,000$1,080,000
45$1,192,898$1,135,658$1,118,918$1,242,949
46$1,266,216$1,142,947$1,108,044$1,285,379
47$1,345,489$1,149,071$1,095,283$1,326,642
48$1,431,277$1,153,924$1,080,523$1,370,507
49$1,524,195$1,157,393$1,063,648$1,417,238
50$1,624,918$1,159,361$1,044,536$1,467,127
51$1,734,191$1,159,701$1,023,059$1,520,500
52$1,852,831$1,158,279$999,084$1,577,717
53$1,981,737$1,154,952$972,470$1,639,176
54$2,121,899$1,149,570$943,073$1,705,320
55$2,274,406$1,141,972$910,739$1,776,640
56$2,440,454$1,131,987$875,308$1,853,680
57$2,621,363$1,119,436$836,612$1,937,042
58$2,818,581$1,104,128$794,478$2,027,392
59$3,033,706$1,085,860$748,723$2,125,470
60$3,268,493$1,064,417$699,154$2,232,095
61$3,524,878$1,039,571$645,574$2,348,171
62$3,804,988$1,011,083$587,774$2,474,702
63$4,111,167$978,696$525,535$2,612,797
64$4,445,996$942,142$458,630$2,763,684
65$4,812,315$901,135$386,822$2,928,722
66$5,213,253$855,372$309,862$3,109,413
67$5,652,255$804,535$227,492$3,307,420
68$6,133,112$748,285$139,440$3,524,580
69$6,660,004$686,265$45,426$3,762,926
70$7,237,530$618,098$0$4,024,705
71$7,870,757$543,383$0$4,324,704
72$8,565,265$461,701$0$4,665,026
73$9,327,202$372,604$0$5,038,589
74$10,163,337$275,622$0$5,448,821
75$11,081,128$170,258$0$5,899,503
76$12,088,789$55,986$0$6,394,809
77$13,195,370$0$0$6,939,346
78$14,410,837$0$0$7,561,304
79$15,746,173$0$0$8,265,708
80$17,213,474$0$0$9,039,855
81$18,826,067$0$0$9,890,792
82$20,598,634$0$0$10,826,285
83$22,547,351$0$0$11,854,887
84$24,690,039$0$0$12,986,022
85$27,046,330$0$0$14,230,075
86$29,637,857$0$0$15,598,484
87$32,488,454$0$0$17,103,854
88$35,624,378$0$0$18,760,074
89$39,074,563$0$0$20,582,444
90$42,870,887$0$0$22,587,825
91$47,048,473$0$0$24,794,792
92$51,646,023$0$0$27,223,815
93$56,706,179$0$0$29,897,447
94$62,275,927$0$0$32,840,539
95$68,407,039$0$0$36,080,473
96$75,156,563$0$0$39,647,421
97$82,587,356$0$0$43,574,630
98$90,768,682$0$0$47,898,735
99$99,776,862$0$0$52,660,102
100$109,695,993$0$0$57,903,214