Can I retire at age 45 with 1,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,110,000?

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 years$91,663$90,846$90,050$89,272$88,513$86,338
2 years$45,378$44,532$43,713$42,919$42,149$39,971
3 years$29,951$29,102$28,285$27,499$26,741$24,629
4 years$22,240$21,393$20,585$19,811$19,072$17,041
5 years$17,614$16,773$15,974$15,217$14,498$12,554
6 years$14,531$13,696$12,910$12,169$11,472$9,617
7 years$12,330$11,502$10,728$10,005$9,330$7,564
8 years$10,680$9,859$9,098$8,393$7,740$6,063
9 years$9,397$8,584$7,836$7,149$6,518$4,928
10 years$8,371$7,567$6,832$6,162$5,554$4,049
11 years$7,533$6,736$6,015$5,363$4,776$3,355
12 years$6,834$6,046$5,338$4,704$4,139$2,799
13 years$6,244$5,464$4,769$4,153$3,609$2,347
14 years$5,738$4,966$4,285$3,687$3,164$1,977
15 years$5,300$4,537$3,869$3,288$2,786$1,671
16 years$4,918$4,163$3,508$2,944$2,462$1,417
17 years$4,580$3,834$3,192$2,645$2,183$1,205
18 years$4,281$3,542$2,914$2,384$1,941$1,026
19 years$4,013$3,283$2,667$2,154$1,730$876
20 years$3,773$3,051$2,448$1,951$1,545$748
21 years$3,555$2,842$2,252$1,770$1,383$640
22 years$3,358$2,653$2,075$1,610$1,240$548
23 years$3,178$2,481$1,916$1,466$1,113$470
24 years$3,013$2,324$1,772$1,337$1,000$403
25 years$2,862$2,181$1,641$1,221$900$346
26 years$2,722$2,050$1,522$1,117$811$298
27 years$2,593$1,929$1,414$1,022$731$256
28 years$2,474$1,818$1,314$936$660$220
29 years$2,363$1,715$1,223$859$596$189
30 years$2,259$1,620$1,139$788$538$163
31 years$2,163$1,531$1,062$724$486$140
32 years$2,073$1,449$991$665$440$121
33 years$1,988$1,372$925$612$398$104
34 years$1,908$1,300$864$563$361$89
35 years$1,833$1,233$808$518$327$77
36 years$1,763$1,171$756$477$296$66
37 years$1,696$1,112$708$440$268$57
38 years$1,633$1,057$663$405$243$49
39 years$1,574$1,005$621$374$220$42
40 years$1,518$956$582$345$200$37
41 years$1,464$910$546$318$181$32
42 years$1,413$867$512$293$165$27
43 years$1,365$826$480$271$149$23
44 years$1,319$787$451$250$136$20
45 years$1,275$751$423$231$123$17
46 years$1,233$716$398$213$112$15
47 years$1,193$683$373$197$102$13
48 years$1,155$652$351$182$92$11
49 years$1,119$623$330$168$84$10
50 years$1,084$595$310$156$76$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,110,000, adding $3,472 every year, while hoping to spend $31,080 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: 70/7/23 Blend
44$1,110,000$1,110,000$1,110,000$1,110,000
45$1,226,801$1,167,971$1,150,766$1,305,366
46$1,318,866$1,192,133$1,156,248$1,382,487
47$1,419,280$1,216,437$1,160,872$1,462,916
48$1,528,862$1,240,857$1,164,576$1,550,210
49$1,648,512$1,265,366$1,167,296$1,645,046
50$1,779,224$1,289,932$1,168,964$1,748,171
51$1,922,089$1,314,523$1,169,508$1,860,410
52$2,078,309$1,339,103$1,168,855$1,982,668
53$2,249,210$1,363,632$1,166,924$2,115,947
54$2,436,248$1,388,068$1,163,635$2,261,348
55$2,641,029$1,412,368$1,158,901$2,420,085
56$2,865,321$1,436,480$1,152,630$2,593,497
57$3,111,070$1,460,354$1,144,730$2,783,060
58$3,380,420$1,483,933$1,135,099$2,990,400
59$3,675,733$1,507,155$1,123,635$3,217,309
60$3,999,609$1,529,957$1,110,228$3,465,763
61$4,354,912$1,552,267$1,094,763$3,737,938
62$4,744,797$1,574,012$1,077,122$4,036,236
63$5,172,739$1,595,112$1,057,178$4,363,301
64$5,642,567$1,615,481$1,034,802$4,722,048
65$6,158,496$1,635,027$1,009,856$5,115,692
66$6,725,173$1,653,654$982,196$5,547,774
67$7,347,714$1,671,256$951,673$6,022,199
68$8,031,756$1,687,722$918,129$6,543,269
69$8,783,509$1,702,935$881,400$7,115,729
70$9,609,815$1,716,767$841,316$7,744,804
71$10,518,212$1,729,085$797,696$8,436,258
72$11,517,004$1,739,744$750,352$9,196,442
73$12,615,339$1,748,592$699,090$10,032,354
74$13,823,298$1,755,467$643,704$10,951,712
75$15,151,986$1,760,197$583,980$11,963,017
76$16,613,640$1,762,598$519,694$13,075,644
77$18,221,741$1,762,475$450,614$14,299,922
78$19,991,145$1,759,622$376,495$15,647,236
79$21,938,217$1,753,819$297,083$17,130,137
80$24,080,991$1,744,833$212,112$18,762,454
81$26,439,339$1,732,416$121,304$20,559,433
82$29,035,154$1,716,307$24,370$22,537,875
83$31,892,560$1,696,227$0$24,716,296
84$35,038,140$1,671,881$0$27,134,513
85$38,501,185$1,642,957$0$29,803,256
86$42,313,968$1,609,124$0$32,741,411
87$46,512,054$1,570,032$0$35,976,385
88$51,134,629$1,525,310$0$39,538,379
89$56,224,875$1,474,564$0$43,460,674
90$61,830,373$1,417,378$0$47,779,943
91$68,003,555$1,353,313$0$52,536,598
92$74,802,195$1,281,903$0$57,775,173
93$82,289,958$1,202,656$0$63,544,741
94$90,536,999$1,115,051$0$69,899,381
95$99,620,621$1,018,537$0$76,898,684
96$109,626,012$912,533$0$84,608,320
97$120,647,041$796,423$0$93,100,654
98$132,787,150$669,558$0$102,455,432
99$146,160,324$531,251$0$112,760,532
100$160,892,172$380,777$0$124,112,793