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%19.3%
1 years$91,663$90,846$90,050$89,272$88,513$85,203
2 years$45,378$44,532$43,713$42,919$42,149$38,852
3 years$29,951$29,102$28,285$27,499$26,741$23,561
4 years$22,240$21,393$20,585$19,811$19,072$16,033
5 years$17,614$16,773$15,974$15,217$14,498$11,608
6 years$14,531$13,696$12,910$12,169$11,472$8,733
7 years$12,330$11,502$10,728$10,005$9,330$6,741
8 years$10,680$9,859$9,098$8,393$7,740$5,299
9 years$9,397$8,584$7,836$7,149$6,518$4,222
10 years$8,371$7,567$6,832$6,162$5,554$3,398
11 years$7,533$6,736$6,015$5,363$4,776$2,756
12 years$6,834$6,046$5,338$4,704$4,139$2,249
13 years$6,244$5,464$4,769$4,153$3,609$1,844
14 years$5,738$4,966$4,285$3,687$3,164$1,518
15 years$5,300$4,537$3,869$3,288$2,786$1,254
16 years$4,918$4,163$3,508$2,944$2,462$1,038
17 years$4,580$3,834$3,192$2,645$2,183$862
18 years$4,281$3,542$2,914$2,384$1,941$716
19 years$4,013$3,283$2,667$2,154$1,730$596
20 years$3,773$3,051$2,448$1,951$1,545$497
21 years$3,555$2,842$2,252$1,770$1,383$414
22 years$3,358$2,653$2,075$1,610$1,240$346
23 years$3,178$2,481$1,916$1,466$1,113$289
24 years$3,013$2,324$1,772$1,337$1,000$242
25 years$2,862$2,181$1,641$1,221$900$202
26 years$2,722$2,050$1,522$1,117$811$169
27 years$2,593$1,929$1,414$1,022$731$141
28 years$2,474$1,818$1,314$936$660$118
29 years$2,363$1,715$1,223$859$596$99
30 years$2,259$1,620$1,139$788$538$83
31 years$2,163$1,531$1,062$724$486$70
32 years$2,073$1,449$991$665$440$58
33 years$1,988$1,372$925$612$398$49
34 years$1,908$1,300$864$563$361$41
35 years$1,833$1,233$808$518$327$34
36 years$1,763$1,171$756$477$296$29
37 years$1,696$1,112$708$440$268$24
38 years$1,633$1,057$663$405$243$20
39 years$1,574$1,005$621$374$220$17
40 years$1,518$956$582$345$200$14
41 years$1,464$910$546$318$181$12
42 years$1,413$867$512$293$165$10
43 years$1,365$826$480$271$149$8
44 years$1,319$787$451$250$136$7
45 years$1,275$751$423$231$123$6
46 years$1,233$716$398$213$112$5
47 years$1,193$683$373$197$102$4
48 years$1,155$652$351$182$92$3
49 years$1,119$623$330$168$84$3
50 years$1,084$595$310$156$76$2

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 $2,781 every year, while hoping to spend $35,786 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: 50/28/22 Blend
44$1,110,000$1,110,000$1,110,000$1,110,000
45$1,226,089$1,167,259$1,150,054$1,279,703
46$1,313,074$1,186,378$1,150,504$1,336,302
47$1,407,732$1,205,235$1,149,771$1,393,917
48$1,510,808$1,223,779$1,147,776$1,455,794
49$1,623,121$1,241,956$1,144,437$1,522,350
50$1,745,575$1,259,706$1,139,671$1,594,047
51$1,879,160$1,276,969$1,133,387$1,671,392
52$2,024,971$1,293,677$1,125,492$1,754,947
53$2,184,210$1,309,759$1,115,888$1,845,332
54$2,358,201$1,325,139$1,104,472$1,943,230
55$2,548,402$1,339,735$1,091,136$2,049,397
56$2,756,418$1,353,461$1,075,768$2,164,665
57$2,984,016$1,366,224$1,058,249$2,289,955
58$3,233,142$1,377,926$1,038,457$2,426,282
59$3,505,939$1,388,460$1,016,262$2,574,766
60$3,804,766$1,397,716$991,527$2,736,644
61$4,132,221$1,405,573$964,113$2,913,280
62$4,491,168$1,411,906$933,871$3,106,181
63$4,884,757$1,416,580$900,645$3,317,009
64$5,316,460$1,419,450$864,275$3,547,597
65$5,790,100$1,420,364$824,589$3,799,970
66$6,309,890$1,419,162$781,413$4,076,359
67$6,880,468$1,415,670$734,559$4,379,230
68$7,506,944$1,409,707$683,836$4,711,300
69$8,194,949$1,401,078$629,040$5,075,568
70$8,950,682$1,389,579$569,961$5,475,343
71$9,780,975$1,374,992$506,379$5,914,275
72$10,693,353$1,357,086$438,061$6,396,391
73$11,696,108$1,335,616$364,769$6,926,132
74$12,798,373$1,310,323$286,251$7,508,397
75$14,010,210$1,280,932$202,244$8,148,593
76$15,342,707$1,247,153$112,474$8,852,678
77$16,808,077$1,208,677$16,656$9,627,230
78$18,419,778$1,165,180$0$10,479,498
79$20,192,637$1,116,315$0$11,437,574
80$22,142,990$1,061,718$0$12,495,664
81$24,288,836$1,001,003$0$13,659,657
82$26,650,006$933,762$0$14,940,360
83$29,248,353$859,563$0$16,349,687
84$32,107,953$777,949$0$17,900,768
85$35,255,335$688,439$0$19,608,079
86$38,719,729$590,522$0$21,487,576
87$42,533,344$483,661$0$23,556,847
88$46,731,671$367,286$0$25,835,279
89$51,353,815$240,796$0$28,344,242
90$56,442,865$103,557$0$31,107,293
91$62,046,305$0$0$34,150,395
92$68,216,452$0$0$37,516,065
93$75,010,959$0$0$41,257,595
94$82,493,354$0$0$45,378,081
95$90,733,638$0$0$49,916,092
96$99,808,949$0$0$54,914,126
97$109,804,287$0$0$60,419,019
98$120,813,316$0$0$66,482,375
99$132,939,250$0$0$73,161,062
100$146,295,822$0$0$80,517,747