Can I retire at age 45 with 1,100,000?

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 $1,100,000?

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$90,837$90,028$89,238$88,468$87,716$86,121
2 years$44,969$44,131$43,320$42,533$41,769$40,168
3 years$29,681$28,840$28,031$27,251$26,500$24,943
4 years$22,039$21,201$20,399$19,633$18,900$17,398
5 years$17,455$16,622$15,831$15,080$14,368$12,926
6 years$14,400$13,573$12,793$12,060$11,369$9,988
7 years$12,219$11,398$10,631$9,915$9,246$7,927
8 years$10,583$9,771$9,016$8,317$7,670$6,413
9 years$9,312$8,507$7,766$7,084$6,459$5,264
10 years$8,296$7,499$6,770$6,107$5,504$4,368
11 years$7,465$6,675$5,960$5,315$4,733$3,656
12 years$6,773$5,992$5,290$4,662$4,102$3,081
13 years$6,188$5,415$4,726$4,116$3,577$2,612
14 years$5,687$4,922$4,246$3,653$3,135$2,224
15 years$5,253$4,496$3,834$3,258$2,761$1,901
16 years$4,873$4,125$3,476$2,917$2,440$1,630
17 years$4,539$3,799$3,163$2,621$2,163$1,402
18 years$4,242$3,510$2,887$2,362$1,924$1,208
19 years$3,977$3,253$2,643$2,135$1,715$1,043
20 years$3,739$3,023$2,426$1,933$1,531$903
21 years$3,523$2,816$2,231$1,755$1,371$782
22 years$3,327$2,629$2,057$1,595$1,228$678
23 years$3,149$2,459$1,899$1,453$1,103$589
24 years$2,986$2,304$1,756$1,325$991$511
25 years$2,836$2,162$1,627$1,210$892$445
26 years$2,698$2,032$1,509$1,106$803$387
27 years$2,570$1,912$1,401$1,013$724$337
28 years$2,452$1,802$1,302$928$654$294
29 years$2,342$1,700$1,212$851$590$256
30 years$2,239$1,605$1,129$781$533$223
31 years$2,143$1,517$1,052$717$482$195
32 years$2,054$1,436$982$659$436$170
33 years$1,970$1,360$917$606$395$148
34 years$1,891$1,289$857$558$357$129
35 years$1,817$1,222$801$513$324$113
36 years$1,747$1,160$749$473$293$99
37 years$1,681$1,102$701$436$266$86
38 years$1,619$1,047$657$402$241$75
39 years$1,560$996$615$370$218$66
40 years$1,504$947$577$342$198$57
41 years$1,451$902$541$315$180$50
42 years$1,400$859$507$291$163$44
43 years$1,353$818$476$268$148$38
44 years$1,307$780$447$248$134$33
45 years$1,264$744$419$229$122$29
46 years$1,222$710$394$211$111$26
47 years$1,183$677$370$195$101$22
48 years$1,145$646$348$180$91$19
49 years$1,109$617$327$167$83$17
50 years$1,074$590$307$154$75$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,100,000, adding $2,943 every year, while hoping to spend $41,498 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: 52/20/28 Blend
44$1,100,000$1,100,000$1,100,000$1,100,000
45$1,215,236$1,156,936$1,139,886$1,268,745
46$1,295,036$1,169,472$1,133,918$1,318,785
47$1,381,586$1,181,232$1,126,360$1,368,762
48$1,475,528$1,192,133$1,117,114$1,422,310
49$1,577,573$1,202,089$1,106,079$1,479,787
50$1,688,500$1,211,006$1,093,147$1,541,592
51$1,809,167$1,218,785$1,078,208$1,608,162
52$1,940,519$1,225,322$1,061,143$1,679,982
53$2,083,592$1,230,503$1,041,833$1,757,589
54$2,239,531$1,234,210$1,020,147$1,841,575
55$2,409,594$1,236,317$995,952$1,932,597
56$2,595,164$1,236,688$969,107$2,031,378
57$2,797,765$1,235,180$939,467$2,138,720
58$3,019,076$1,231,643$906,878$2,255,509
59$3,260,942$1,225,914$871,179$2,382,721
60$3,525,397$1,217,823$832,203$2,521,438
61$3,814,680$1,207,188$789,774$2,672,855
62$4,131,255$1,193,818$743,709$2,838,289
63$4,477,836$1,177,508$693,816$3,019,199
64$4,857,412$1,158,042$639,895$3,217,194
65$5,273,273$1,135,192$581,738$3,434,051
66$5,729,046$1,108,715$519,124$3,671,735
67$6,228,721$1,078,355$451,828$3,932,411
68$6,776,695$1,043,839$379,609$4,218,475
69$7,377,811$1,004,880$302,219$4,532,569
70$8,037,403$961,174$219,398$4,877,610
71$8,761,345$912,399$130,874$5,256,819
72$9,556,109$858,213$36,366$5,673,752
73$10,428,824$798,258$0$6,132,332
74$11,387,343$732,151$0$6,656,158
75$12,440,316$659,490$0$7,243,590
76$13,597,273$579,851$0$7,889,122
77$14,868,714$492,782$0$8,598,676
78$16,266,204$397,809$0$9,378,778
79$17,802,485$294,431$0$10,236,625
80$19,491,597$182,116$0$11,180,150
81$21,349,006$60,306$0$12,218,096
82$23,391,752$0$0$13,360,105
83$25,638,611$0$0$14,632,560
84$28,110,268$0$0$16,047,047
85$30,829,514$0$0$17,603,354
86$33,821,461$0$0$19,315,869
87$37,113,777$0$0$21,200,445
88$40,736,950$0$0$23,274,550
89$44,724,569$0$0$25,557,430
90$49,113,648$0$0$28,070,295
91$53,944,969$0$0$30,836,511
92$59,263,470$0$0$33,881,826
93$65,118,664$0$0$37,234,614
94$71,565,114$0$0$40,926,137
95$78,662,939$0$0$44,990,843
96$86,478,384$0$0$49,466,691
97$95,084,447$0$0$54,395,510
98$104,561,565$0$0$59,823,389
99$114,998,372$0$0$65,801,118
100$126,492,536$0$0$72,384,661