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%11%
1 years$91,663$90,846$90,050$89,272$88,513$88,140
2 years$45,378$44,532$43,713$42,919$42,149$41,773
3 years$29,951$29,102$28,285$27,499$26,741$26,373
4 years$22,240$21,393$20,585$19,811$19,072$18,714
5 years$17,614$16,773$15,974$15,217$14,498$14,153
6 years$14,531$13,696$12,910$12,169$11,472$11,139
7 years$12,330$11,502$10,728$10,005$9,330$9,009
8 years$10,680$9,859$9,098$8,393$7,740$7,432
9 years$9,397$8,584$7,836$7,149$6,518$6,223
10 years$8,371$7,567$6,832$6,162$5,554$5,271
11 years$7,533$6,736$6,015$5,363$4,776$4,506
12 years$6,834$6,046$5,338$4,704$4,139$3,881
13 years$6,244$5,464$4,769$4,153$3,609$3,363
14 years$5,738$4,966$4,285$3,687$3,164$2,929
15 years$5,300$4,537$3,869$3,288$2,786$2,562
16 years$4,918$4,163$3,508$2,944$2,462$2,249
17 years$4,580$3,834$3,192$2,645$2,183$1,981
18 years$4,281$3,542$2,914$2,384$1,941$1,749
19 years$4,013$3,283$2,667$2,154$1,730$1,548
20 years$3,773$3,051$2,448$1,951$1,545$1,373
21 years$3,555$2,842$2,252$1,770$1,383$1,220
22 years$3,358$2,653$2,075$1,610$1,240$1,085
23 years$3,178$2,481$1,916$1,466$1,113$967
24 years$3,013$2,324$1,772$1,337$1,000$863
25 years$2,862$2,181$1,641$1,221$900$770
26 years$2,722$2,050$1,522$1,117$811$689
27 years$2,593$1,929$1,414$1,022$731$616
28 years$2,474$1,818$1,314$936$660$552
29 years$2,363$1,715$1,223$859$596$494
30 years$2,259$1,620$1,139$788$538$443
31 years$2,163$1,531$1,062$724$486$397
32 years$2,073$1,449$991$665$440$356
33 years$1,988$1,372$925$612$398$320
34 years$1,908$1,300$864$563$361$287
35 years$1,833$1,233$808$518$327$258
36 years$1,763$1,171$756$477$296$232
37 years$1,696$1,112$708$440$268$208
38 years$1,633$1,057$663$405$243$187
39 years$1,574$1,005$621$374$220$168
40 years$1,518$956$582$345$200$151
41 years$1,464$910$546$318$181$136
42 years$1,413$867$512$293$165$123
43 years$1,365$826$480$271$149$110
44 years$1,319$787$451$250$136$99
45 years$1,275$751$423$231$123$89
46 years$1,233$716$398$213$112$80
47 years$1,193$683$373$197$102$72
48 years$1,155$652$351$182$92$65
49 years$1,119$623$330$168$84$59
50 years$1,084$595$310$156$76$53

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 $2,460 every year, while hoping to spend $37,124 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: 78/13/9 Blend
44$1,110,000$1,110,000$1,110,000$1,110,000
45$1,225,757$1,166,927$1,149,722$1,319,462
46$1,311,285$1,184,607$1,148,739$1,399,036
47$1,404,292$1,201,909$1,146,477$1,481,241
48$1,505,503$1,218,775$1,142,857$1,570,315
49$1,615,713$1,235,144$1,137,792$1,666,926
50$1,735,799$1,250,950$1,131,191$1,771,810
51$1,866,725$1,266,121$1,122,960$1,885,778
52$2,009,553$1,280,582$1,113,001$2,009,722
53$2,165,450$1,294,254$1,101,210$2,144,626
54$2,335,703$1,307,049$1,087,478$2,291,574
55$2,521,727$1,318,877$1,071,691$2,451,759
56$2,725,081$1,329,640$1,053,730$2,626,497
57$2,947,480$1,339,233$1,033,471$2,817,237
58$3,190,814$1,347,547$1,010,783$3,025,576
59$3,457,163$1,354,462$985,530$3,253,274
60$3,748,817$1,359,854$957,568$3,502,268
61$4,068,299$1,363,590$926,750$3,774,696
62$4,418,387$1,365,527$892,917$4,072,911
63$4,802,140$1,365,516$855,908$4,399,508
64$5,222,928$1,363,396$815,550$4,757,345
65$5,684,462$1,358,997$771,667$5,149,573
66$6,190,830$1,352,141$724,070$5,579,663
67$6,746,533$1,342,634$672,565$6,051,442
68$7,356,532$1,330,276$616,948$6,569,127
69$8,026,289$1,314,850$557,007$7,137,363
70$8,761,822$1,296,129$492,518$7,761,272
71$9,569,760$1,273,871$423,249$8,446,498
72$10,457,406$1,247,822$348,959$9,199,260
73$11,432,805$1,217,709$269,393$10,026,415
74$12,504,820$1,183,246$184,286$10,935,516
75$13,683,216$1,144,129$93,364$11,934,890
76$14,978,750$1,100,037$0$13,033,714
77$16,403,273$1,050,629$0$14,242,451
78$17,969,843$995,546$0$15,581,487
79$19,692,847$934,408$0$17,054,161
80$21,588,134$866,811$0$18,674,042
81$23,673,170$792,330$0$20,456,084
82$25,967,195$710,516$0$22,416,764
83$28,491,410$620,893$0$24,574,241
84$31,269,175$522,958$0$26,948,526
85$34,326,230$416,182$0$29,561,670
86$37,690,933$300,002$0$32,437,974
87$41,394,534$173,828$0$35,604,217
88$45,471,464$37,034$0$39,089,911
89$49,959,664$0$0$42,927,576
90$54,900,939$0$0$47,168,938
91$60,341,354$0$0$51,844,617
92$66,331,668$0$0$56,992,946
93$72,927,812$0$0$62,661,999
94$80,191,417$0$0$68,904,753
95$88,190,396$0$0$75,779,581
96$96,999,585$0$0$83,350,808
97$106,701,444$0$0$91,689,315
98$117,386,841$0$0$100,873,205
99$129,155,908$0$0$110,988,547
100$142,118,981$0$0$122,130,182