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%18.1%
1 years$89,185$88,391$87,616$86,859$86,121$83,297
2 years$44,151$43,329$42,532$41,759$41,010$38,192
3 years$29,142$28,316$27,521$26,756$26,018$23,295
4 years$21,638$20,815$20,028$19,276$18,557$15,948
5 years$17,138$16,319$15,543$14,806$14,106$11,620
6 years$14,138$13,326$12,561$11,840$11,162$8,800
7 years$11,997$11,191$10,438$9,735$9,078$6,839
8 years$10,391$9,593$8,852$8,166$7,531$5,415
9 years$9,143$8,352$7,625$6,956$6,342$4,346
10 years$8,145$7,362$6,647$5,996$5,404$3,524
11 years$7,329$6,554$5,852$5,218$4,647$2,881
12 years$6,650$5,883$5,194$4,577$4,027$2,370
13 years$6,075$5,316$4,640$4,041$3,512$1,959
14 years$5,583$4,832$4,169$3,587$3,078$1,627
15 years$5,157$4,414$3,764$3,199$2,711$1,355
16 years$4,785$4,050$3,413$2,864$2,396$1,132
17 years$4,457$3,730$3,106$2,574$2,124$947
18 years$4,165$3,447$2,835$2,319$1,889$795
19 years$3,905$3,194$2,595$2,096$1,683$667
20 years$3,671$2,968$2,382$1,898$1,504$561
21 years$3,459$2,765$2,191$1,723$1,346$473
22 years$3,267$2,581$2,019$1,566$1,206$398
23 years$3,092$2,414$1,864$1,426$1,083$336
24 years$2,932$2,262$1,724$1,301$973$283
25 years$2,784$2,122$1,597$1,188$876$239
26 years$2,649$1,995$1,481$1,086$789$202
27 years$2,523$1,877$1,375$994$711$171
28 years$2,407$1,769$1,279$911$642$144
29 years$2,299$1,669$1,190$835$579$122
30 years$2,198$1,576$1,108$767$524$103
31 years$2,104$1,490$1,033$704$473$87
32 years$2,017$1,410$964$647$428$74
33 years$1,934$1,335$900$595$387$62
34 years$1,857$1,265$841$548$351$53
35 years$1,784$1,200$786$504$318$45
36 years$1,715$1,139$736$464$288$38
37 years$1,651$1,082$688$428$261$32
38 years$1,589$1,028$645$394$237$27
39 years$1,531$978$604$364$215$23
40 years$1,477$930$566$335$195$19
41 years$1,424$885$531$309$177$16
42 years$1,375$843$498$285$160$14
43 years$1,328$803$467$264$145$12
44 years$1,283$766$439$243$132$10
45 years$1,241$730$412$225$120$8
46 years$1,200$697$387$208$109$7
47 years$1,161$665$363$192$99$6
48 years$1,124$635$341$177$90$5
49 years$1,088$606$321$164$81$4
50 years$1,054$579$302$151$74$4

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 $4,941 every year, while hoping to spend $56,346 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: 66/25/9 Blend
44$1,080,000$1,080,000$1,080,000$1,080,000
45$1,195,257$1,138,017$1,121,277$1,271,654
46$1,257,221$1,133,828$1,098,888$1,318,913
47$1,323,617$1,127,545$1,073,860$1,363,384
48$1,394,838$1,119,007$1,046,046$1,410,519
49$1,471,314$1,108,041$1,015,291$1,460,571
50$1,553,518$1,094,464$981,434$1,513,821
51$1,641,969$1,078,085$944,304$1,570,581
52$1,737,237$1,058,698$903,725$1,631,194
53$1,839,947$1,036,086$859,511$1,696,043
54$1,950,787$1,010,020$811,471$1,765,549
55$2,070,513$980,257$759,400$1,840,179
56$2,199,954$946,538$703,089$1,920,449
57$2,340,023$908,592$642,316$2,006,933
58$2,491,723$866,130$576,851$2,100,262
59$2,656,156$818,848$506,453$2,201,136
60$2,834,535$766,423$430,871$2,310,329
61$3,028,193$708,514$349,841$2,428,698
62$3,238,598$644,760$263,089$2,557,189
63$3,467,362$574,780$170,330$2,696,849
64$3,716,260$498,171$71,263$2,848,837
65$3,987,246$414,509$0$3,014,432
66$4,282,468$323,343$0$3,198,358
67$4,604,291$224,198$0$3,406,389
68$4,955,317$116,572$0$3,633,435
69$5,338,413$0$0$3,881,442
70$5,756,730$0$0$4,152,572
71$6,213,740$0$0$4,483,881
72$6,713,264$0$0$4,846,077
73$7,259,510$0$0$5,242,219
74$7,857,111$0$0$5,675,676
75$8,511,166$0$0$6,150,156
76$9,227,292$0$0$6,669,744
77$10,011,676$0$0$7,238,936
78$10,871,127$0$0$7,862,685
79$11,813,147$0$0$8,546,446
80$12,845,998$0$0$9,296,226
81$13,978,779$0$0$10,118,642
82$15,221,512$0$0$11,020,982
83$16,585,237$0$0$12,011,273
84$18,082,111$0$0$13,098,358
85$19,725,530$0$0$14,291,976
86$21,530,248$0$0$15,602,857
87$23,512,517$0$0$17,042,821
88$25,690,243$0$0$18,624,888
89$28,083,149$0$0$20,363,402
90$30,712,966$0$0$22,274,166
91$33,603,631$0$0$24,374,589
92$36,781,520$0$0$26,683,852
93$40,275,689$0$0$29,223,086
94$44,118,150$0$0$32,015,573
95$48,344,174$0$0$35,086,963
96$52,992,621$0$0$38,465,517
97$58,106,305$0$0$42,182,374
98$63,732,401$0$0$46,271,842
99$69,922,885$0$0$50,771,722
100$76,735,027$0$0$55,723,664