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%16.5%
1 years$91,663$90,846$90,050$89,272$88,513$86,163
2 years$45,378$44,532$43,713$42,919$42,149$39,798
3 years$29,951$29,102$28,285$27,499$26,741$24,463
4 years$22,240$21,393$20,585$19,811$19,072$16,884
5 years$17,614$16,773$15,974$15,217$14,498$12,406
6 years$14,531$13,696$12,910$12,169$11,472$9,477
7 years$12,330$11,502$10,728$10,005$9,330$7,433
8 years$10,680$9,859$9,098$8,393$7,740$5,941
9 years$9,397$8,584$7,836$7,149$6,518$4,814
10 years$8,371$7,567$6,832$6,162$5,554$3,943
11 years$7,533$6,736$6,015$5,363$4,776$3,257
12 years$6,834$6,046$5,338$4,704$4,139$2,708
13 years$6,244$5,464$4,769$4,153$3,609$2,263
14 years$5,738$4,966$4,285$3,687$3,164$1,900
15 years$5,300$4,537$3,869$3,288$2,786$1,600
16 years$4,918$4,163$3,508$2,944$2,462$1,352
17 years$4,580$3,834$3,192$2,645$2,183$1,145
18 years$4,281$3,542$2,914$2,384$1,941$972
19 years$4,013$3,283$2,667$2,154$1,730$826
20 years$3,773$3,051$2,448$1,951$1,545$704
21 years$3,555$2,842$2,252$1,770$1,383$600
22 years$3,358$2,653$2,075$1,610$1,240$512
23 years$3,178$2,481$1,916$1,466$1,113$437
24 years$3,013$2,324$1,772$1,337$1,000$373
25 years$2,862$2,181$1,641$1,221$900$319
26 years$2,722$2,050$1,522$1,117$811$273
27 years$2,593$1,929$1,414$1,022$731$234
28 years$2,474$1,818$1,314$936$660$200
29 years$2,363$1,715$1,223$859$596$172
30 years$2,259$1,620$1,139$788$538$147
31 years$2,163$1,531$1,062$724$486$126
32 years$2,073$1,449$991$665$440$108
33 years$1,988$1,372$925$612$398$93
34 years$1,908$1,300$864$563$361$79
35 years$1,833$1,233$808$518$327$68
36 years$1,763$1,171$756$477$296$58
37 years$1,696$1,112$708$440$268$50
38 years$1,633$1,057$663$405$243$43
39 years$1,574$1,005$621$374$220$37
40 years$1,518$956$582$345$200$32
41 years$1,464$910$546$318$181$27
42 years$1,413$867$512$293$165$23
43 years$1,365$826$480$271$149$20
44 years$1,319$787$451$250$136$17
45 years$1,275$751$423$231$123$15
46 years$1,233$716$398$213$112$13
47 years$1,193$683$373$197$102$11
48 years$1,155$652$351$182$92$9
49 years$1,119$623$330$168$84$8
50 years$1,084$595$310$156$76$7

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 $2,074 every year, while hoping to spend $36,385 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: 50/37/13 Blend
44$1,110,000$1,110,000$1,110,000$1,110,000
45$1,225,359$1,166,529$1,149,324$1,282,198
46$1,311,633$1,184,976$1,149,113$1,339,868
47$1,405,486$1,203,107$1,147,676$1,398,515
48$1,507,655$1,220,868$1,144,932$1,461,428
49$1,618,948$1,238,203$1,140,799$1,529,018
50$1,740,254$1,255,048$1,135,189$1,601,741
51$1,872,553$1,271,338$1,128,011$1,680,097
52$2,016,922$1,287,003$1,119,168$1,764,641
53$2,174,548$1,301,966$1,108,560$1,855,983
54$2,346,737$1,316,147$1,096,082$1,954,798
55$2,534,926$1,329,460$1,081,623$2,061,830
56$2,740,698$1,341,813$1,065,067$2,177,899
57$2,965,796$1,353,109$1,046,294$2,303,912
58$3,212,139$1,363,243$1,025,176$2,440,869
59$3,481,839$1,372,104$1,001,582$2,589,873
60$3,777,224$1,379,575$975,372$2,752,143
61$4,100,856$1,385,529$946,402$2,929,021
62$4,455,556$1,389,833$914,519$3,121,990
63$4,844,433$1,392,345$879,566$3,332,687
64$5,270,909$1,392,913$841,375$3,562,917
65$5,738,754$1,391,379$799,774$3,814,671
66$6,252,122$1,387,571$754,581$4,090,148
67$6,815,585$1,381,309$705,606$4,391,773
68$7,434,183$1,372,401$652,652$4,722,220
69$8,113,464$1,360,644$595,511$5,084,441
70$8,859,544$1,345,822$533,967$5,481,692
71$9,679,157$1,327,707$467,794$5,917,566
72$10,579,723$1,306,056$396,757$6,396,025
73$11,569,415$1,280,613$320,609$6,921,440
74$12,657,239$1,251,106$239,092$7,498,633
75$13,853,114$1,217,247$151,939$8,132,923
76$15,167,971$1,178,731$58,868$8,830,175
77$16,613,851$1,135,236$0$9,596,862
78$18,204,022$1,086,421$0$10,445,731
79$19,953,100$1,031,923$0$11,388,121
80$21,877,190$971,362$0$12,424,582
81$23,994,037$904,332$0$13,564,736
82$26,323,192$830,407$0$14,819,188
83$28,886,196$749,136$0$16,199,632
84$31,706,785$660,040$0$17,718,962
85$34,811,111$562,616$0$19,391,392
86$38,227,991$456,331$0$21,232,591
87$41,989,176$340,621$0$23,259,837
88$46,129,652$214,892$0$25,492,176
89$50,687,971$78,517$0$27,950,605
90$55,706,612$0$0$30,658,273
91$61,232,380$0$0$33,668,860
92$67,316,853$0$0$37,019,194
93$74,016,863$0$0$40,708,619
94$81,395,036$0$0$44,771,640
95$89,520,378$0$0$49,246,277
96$98,468,932$0$0$54,174,428
97$108,324,488$0$0$59,602,258
98$119,179,381$0$0$65,580,641
99$131,135,355$0$0$72,165,636
100$144,304,528$0$0$79,419,017