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%11.9%
1 years$90,837$90,028$89,238$88,468$87,716$87,017
2 years$44,969$44,131$43,320$42,533$41,769$41,065
3 years$29,681$28,840$28,031$27,251$26,500$25,812
4 years$22,039$21,201$20,399$19,633$18,900$18,234
5 years$17,455$16,622$15,831$15,080$14,368$13,725
6 years$14,400$13,573$12,793$12,060$11,369$10,750
7 years$12,219$11,398$10,631$9,915$9,246$8,652
8 years$10,583$9,771$9,016$8,317$7,670$7,101
9 years$9,312$8,507$7,766$7,084$6,459$5,914
10 years$8,296$7,499$6,770$6,107$5,504$4,983
11 years$7,465$6,675$5,960$5,315$4,733$4,236
12 years$6,773$5,992$5,290$4,662$4,102$3,628
13 years$6,188$5,415$4,726$4,116$3,577$3,125
14 years$5,687$4,922$4,246$3,653$3,135$2,706
15 years$5,253$4,496$3,834$3,258$2,761$2,353
16 years$4,873$4,125$3,476$2,917$2,440$2,053
17 years$4,539$3,799$3,163$2,621$2,163$1,797
18 years$4,242$3,510$2,887$2,362$1,924$1,577
19 years$3,977$3,253$2,643$2,135$1,715$1,387
20 years$3,739$3,023$2,426$1,933$1,531$1,222
21 years$3,523$2,816$2,231$1,755$1,371$1,078
22 years$3,327$2,629$2,057$1,595$1,228$953
23 years$3,149$2,459$1,899$1,453$1,103$843
24 years$2,986$2,304$1,756$1,325$991$747
25 years$2,836$2,162$1,627$1,210$892$663
26 years$2,698$2,032$1,509$1,106$803$588
27 years$2,570$1,912$1,401$1,013$724$523
28 years$2,452$1,802$1,302$928$654$464
29 years$2,342$1,700$1,212$851$590$413
30 years$2,239$1,605$1,129$781$533$368
31 years$2,143$1,517$1,052$717$482$327
32 years$2,054$1,436$982$659$436$292
33 years$1,970$1,360$917$606$395$260
34 years$1,891$1,289$857$558$357$231
35 years$1,817$1,222$801$513$324$206
36 years$1,747$1,160$749$473$293$184
37 years$1,681$1,102$701$436$266$164
38 years$1,619$1,047$657$402$241$146
39 years$1,560$996$615$370$218$131
40 years$1,504$947$577$342$198$117
41 years$1,451$902$541$315$180$104
42 years$1,400$859$507$291$163$93
43 years$1,353$818$476$268$148$83
44 years$1,307$780$447$248$134$74
45 years$1,264$744$419$229$122$66
46 years$1,222$710$394$211$111$59
47 years$1,183$677$370$195$101$53
48 years$1,145$646$348$180$91$47
49 years$1,109$617$327$167$83$42
50 years$1,074$590$307$154$75$38

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 $6,774 every year, while hoping to spend $59,430 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: 71/14/15 Blend
44$1,100,000$1,100,000$1,100,000$1,100,000
45$1,219,187$1,160,887$1,143,837$1,301,139
46$1,280,311$1,154,538$1,118,923$1,350,089
47$1,345,678$1,145,885$1,091,182$1,395,830
48$1,415,658$1,134,754$1,060,457$1,444,358
49$1,490,656$1,120,958$1,026,584$1,495,940
50$1,571,118$1,104,300$989,389$1,550,867
51$1,657,533$1,084,571$948,694$1,609,463
52$1,750,435$1,061,550$904,310$1,672,087
53$1,850,415$1,035,001$856,039$1,739,133
54$1,958,117$1,004,676$803,676$1,811,039
55$2,074,253$970,313$747,007$1,888,289
56$2,199,601$931,632$685,806$1,971,418
57$2,335,019$888,340$619,839$2,061,016
58$2,481,447$840,126$548,860$2,157,736
59$2,639,921$786,658$472,614$2,262,301
60$2,811,579$727,590$390,832$2,375,508
61$2,997,671$662,553$303,236$2,498,238
62$3,199,572$591,157$209,533$2,631,466
63$3,418,796$512,992$109,420$2,776,267
64$3,657,006$427,621$2,578$2,933,831
65$3,916,033$334,586$0$3,105,472
66$4,197,889$233,402$0$3,310,475
67$4,504,792$123,557$0$3,534,207
68$4,839,177$4,508$0$3,778,084
69$5,203,730$0$0$4,044,120
70$5,601,402$0$0$4,353,687
71$6,035,444$0$0$4,692,378
72$6,509,432$0$0$5,062,295
73$7,027,307$0$0$5,466,520
74$7,593,403$0$0$5,908,443
75$8,212,494$0$0$6,391,800
76$8,889,836$0$0$6,920,700
77$9,631,216$0$0$7,499,672
78$10,443,008$0$0$8,133,701
79$11,332,229$0$0$8,828,276
80$12,306,607$0$0$9,589,443
81$13,374,654$0$0$10,423,860
82$14,545,745$0$0$11,338,862
83$15,830,203$0$0$12,342,524
84$17,239,401$0$0$13,443,744
85$18,785,865$0$0$14,652,319
86$20,483,391$0$0$15,979,045
87$22,347,179$0$0$17,435,811
88$24,393,968$0$0$19,035,715
89$26,642,203$0$0$20,793,184
90$29,112,199$0$0$22,724,114
91$31,826,338$0$0$24,846,014
92$34,809,277$0$0$27,178,175
93$38,088,180$0$0$29,741,850
94$41,692,975$0$0$32,560,452
95$45,656,633$0$0$35,659,777
96$50,015,480$0$0$39,068,244
97$54,809,537$0$0$42,817,168
98$60,082,902$0$0$46,941,046
99$65,884,158$0$0$51,477,891
100$72,266,835$0$0$56,469,582