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

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$91,663$90,846$90,050$89,272$88,513$85,817
2 years$45,378$44,532$43,713$42,919$42,149$39,456
3 years$29,951$29,102$28,285$27,499$26,741$24,136
4 years$22,240$21,393$20,585$19,811$19,072$16,574
5 years$17,614$16,773$15,974$15,217$14,498$12,114
6 years$14,531$13,696$12,910$12,169$11,472$9,204
7 years$12,330$11,502$10,728$10,005$9,330$7,178
8 years$10,680$9,859$9,098$8,393$7,740$5,703
9 years$9,397$8,584$7,836$7,149$6,518$4,594
10 years$8,371$7,567$6,832$6,162$5,554$3,739
11 years$7,533$6,736$6,015$5,363$4,776$3,069
12 years$6,834$6,046$5,338$4,704$4,139$2,534
13 years$6,244$5,464$4,769$4,153$3,609$2,104
14 years$5,738$4,966$4,285$3,687$3,164$1,754
15 years$5,300$4,537$3,869$3,288$2,786$1,467
16 years$4,918$4,163$3,508$2,944$2,462$1,231
17 years$4,580$3,834$3,192$2,645$2,183$1,035
18 years$4,281$3,542$2,914$2,384$1,941$872
19 years$4,013$3,283$2,667$2,154$1,730$736
20 years$3,773$3,051$2,448$1,951$1,545$622
21 years$3,555$2,842$2,252$1,770$1,383$526
22 years$3,358$2,653$2,075$1,610$1,240$445
23 years$3,178$2,481$1,916$1,466$1,113$377
24 years$3,013$2,324$1,772$1,337$1,000$320
25 years$2,862$2,181$1,641$1,221$900$271
26 years$2,722$2,050$1,522$1,117$811$230
27 years$2,593$1,929$1,414$1,022$731$196
28 years$2,474$1,818$1,314$936$660$166
29 years$2,363$1,715$1,223$859$596$141
30 years$2,259$1,620$1,139$788$538$120
31 years$2,163$1,531$1,062$724$486$102
32 years$2,073$1,449$991$665$440$87
33 years$1,988$1,372$925$612$398$74
34 years$1,908$1,300$864$563$361$63
35 years$1,833$1,233$808$518$327$53
36 years$1,763$1,171$756$477$296$45
37 years$1,696$1,112$708$440$268$39
38 years$1,633$1,057$663$405$243$33
39 years$1,574$1,005$621$374$220$28
40 years$1,518$956$582$345$200$24
41 years$1,464$910$546$318$181$20
42 years$1,413$867$512$293$165$17
43 years$1,365$826$480$271$149$15
44 years$1,319$787$451$250$136$12
45 years$1,275$751$423$231$123$11
46 years$1,233$716$398$213$112$9
47 years$1,193$683$373$197$102$8
48 years$1,155$652$351$182$92$7
49 years$1,119$623$330$168$84$6
50 years$1,084$595$310$156$76$5

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 $4,071 every year, while hoping to spend $50,282 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: 37/45/18 Blend
44$1,110,000$1,110,000$1,110,000$1,110,000
45$1,227,419$1,168,589$1,151,384$1,266,016
46$1,299,116$1,172,350$1,136,456$1,298,046
47$1,376,441$1,174,611$1,119,342$1,327,569
48$1,459,915$1,175,243$1,099,917$1,358,404
49$1,550,110$1,174,114$1,078,048$1,390,696
50$1,647,656$1,171,080$1,053,597$1,424,610
51$1,753,243$1,165,989$1,026,419$1,460,329
52$1,867,632$1,158,681$996,362$1,498,058
53$1,991,659$1,148,985$963,269$1,538,029
54$2,126,243$1,136,720$926,973$1,580,500
55$2,272,394$1,121,694$887,301$1,625,761
56$2,431,225$1,103,704$844,073$1,674,136
57$2,603,959$1,082,534$797,098$1,725,986
58$2,791,942$1,057,957$746,179$1,781,716
59$2,996,653$1,029,730$691,110$1,841,777
60$3,219,723$997,598$631,673$1,906,672
61$3,462,945$961,290$567,644$1,976,964
62$3,728,291$920,520$498,787$2,053,278
63$4,017,935$874,984$424,854$2,136,311
64$4,334,268$824,361$345,590$2,226,838
65$4,679,921$768,313$260,725$2,325,724
66$5,057,793$706,480$169,980$2,433,928
67$5,471,074$638,484$73,060$2,552,518
68$5,923,278$563,924$0$2,682,681
69$6,418,272$482,376$0$2,831,567
70$6,960,317$393,393$0$3,010,163
71$7,554,103$296,503$0$3,206,109
72$8,204,795$191,205$0$3,421,277
73$8,918,084$76,974$0$3,657,737
74$9,700,234$0$0$3,917,780
75$10,558,148$0$0$4,227,091
76$11,499,427$0$0$4,608,435
77$12,532,443$0$0$5,027,106
78$13,666,419$0$0$5,486,863
79$14,911,513$0$0$5,991,845
80$16,278,918$0$0$6,546,613
81$17,780,961$0$0$7,156,191
82$19,431,222$0$0$7,826,113
83$21,244,663$0$0$8,562,477
84$23,237,766$0$0$9,372,001
85$25,428,689$0$0$10,262,084
86$27,837,437$0$0$11,240,882
87$30,486,051$0$0$12,317,376
88$33,398,813$0$0$13,501,466
89$36,602,477$0$0$14,804,056
90$40,126,520$0$0$16,237,162
91$44,003,418$0$0$17,814,022
92$48,268,956$0$0$19,549,223
93$52,962,561$0$0$21,458,836
94$58,127,673$0$0$23,560,571
95$63,812,160$0$0$25,873,941
96$70,068,761$0$0$28,420,445
97$76,955,590$0$0$31,223,775
98$84,536,679$0$0$34,310,035
99$92,882,586$0$0$37,707,988
100$102,071,055$0$0$41,449,329