Can I retire at age 45 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$92,489$91,665$90,861$90,076$89,310$88,231
2 years$45,786$44,934$44,107$43,306$42,529$41,442
3 years$30,221$29,365$28,540$27,747$26,982$25,923
4 years$22,440$21,586$20,770$19,990$19,244$18,219
5 years$17,772$16,924$16,118$15,354$14,629$13,642
6 years$14,662$13,820$13,026$12,279$11,575$10,628
7 years$12,441$11,606$10,825$10,095$9,414$8,506
8 years$10,776$9,948$9,180$8,469$7,810$6,941
9 years$9,482$8,662$7,907$7,213$6,577$5,748
10 years$8,447$7,635$6,893$6,218$5,604$4,813
11 years$7,601$6,797$6,069$5,411$4,819$4,067
12 years$6,896$6,100$5,386$4,747$4,176$3,461
13 years$6,300$5,513$4,812$4,191$3,642$2,962
14 years$5,790$5,011$4,324$3,720$3,193$2,548
15 years$5,348$4,578$3,904$3,317$2,811$2,201
16 years$4,962$4,200$3,539$2,970$2,484$1,907
17 years$4,622$3,868$3,221$2,669$2,203$1,658
18 years$4,319$3,574$2,940$2,405$1,959$1,444
19 years$4,049$3,313$2,691$2,173$1,746$1,261
20 years$3,807$3,078$2,470$1,968$1,559$1,103
21 years$3,587$2,867$2,272$1,786$1,395$966
22 years$3,388$2,677$2,094$1,624$1,251$847
23 years$3,206$2,503$1,933$1,479$1,123$744
24 years$3,040$2,345$1,788$1,349$1,009$654
25 years$2,888$2,201$1,656$1,232$908$576
26 years$2,747$2,069$1,536$1,127$818$507
27 years$2,617$1,947$1,426$1,031$737$447
28 years$2,496$1,834$1,326$945$665$394
29 years$2,384$1,731$1,234$866$601$348
30 years$2,280$1,634$1,149$795$543$307
31 years$2,182$1,545$1,071$730$491$271
32 years$2,091$1,462$1,000$671$444$239
33 years$2,006$1,384$933$617$402$211
34 years$1,925$1,312$872$568$364$187
35 years$1,850$1,245$815$523$330$165
36 years$1,779$1,181$763$481$299$146
37 years$1,712$1,122$714$444$271$129
38 years$1,648$1,066$669$409$245$114
39 years$1,588$1,014$626$377$222$101
40 years$1,531$965$587$348$202$90
41 years$1,477$918$551$321$183$79
42 years$1,426$874$516$296$166$70
43 years$1,377$833$485$273$151$62
44 years$1,331$794$455$252$137$55
45 years$1,286$757$427$233$124$49
46 years$1,244$723$401$215$113$43
47 years$1,204$689$377$199$102$38
48 years$1,166$658$354$184$93$34
49 years$1,129$629$333$170$84$30
50 years$1,094$600$313$157$77$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,120,000, adding $5,114 every year, while hoping to spend $36,405 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: 42/29/29 Blend
44$1,120,000$1,120,000$1,120,000$1,120,000
45$1,239,515$1,180,155$1,162,795$1,280,867
46$1,327,211$1,199,248$1,163,014$1,330,268
47$1,422,632$1,218,056$1,162,020$1,379,938
48$1,526,527$1,236,528$1,159,735$1,433,043
49$1,639,721$1,254,606$1,156,074$1,489,923
50$1,763,122$1,272,231$1,150,952$1,550,954
51$1,897,728$1,289,338$1,144,277$1,616,551
52$2,044,640$1,305,859$1,135,953$1,687,174
53$2,205,067$1,321,720$1,125,881$1,763,330
54$2,380,341$1,336,842$1,113,956$1,845,581
55$2,571,929$1,351,141$1,100,067$1,934,548
56$2,781,447$1,364,527$1,084,100$2,030,915
57$3,010,672$1,376,906$1,065,935$2,135,442
58$3,261,561$1,388,175$1,045,444$2,248,965
59$3,536,271$1,398,227$1,022,497$2,372,410
60$3,837,175$1,406,944$996,955$2,506,799
61$4,166,887$1,414,205$968,674$2,653,262
62$4,528,288$1,419,879$937,503$2,813,046
63$4,924,547$1,423,827$903,283$2,987,529
64$5,359,158$1,425,902$865,850$3,178,234
65$5,835,966$1,425,945$825,030$3,386,841
66$6,359,210$1,423,791$780,643$3,615,207
67$6,933,555$1,419,263$732,501$3,865,382
68$7,564,143$1,412,173$680,405$4,139,629
69$8,256,638$1,402,321$624,151$4,440,447
70$9,017,277$1,389,497$563,522$4,770,595
71$9,852,932$1,373,475$498,293$5,133,117
72$10,771,175$1,354,020$428,230$5,531,376
73$11,780,346$1,330,878$353,087$5,969,082
74$12,889,634$1,303,783$272,607$6,450,330
75$14,109,161$1,272,453$186,524$6,979,638
76$15,450,081$1,236,589$94,558$7,561,996
77$16,924,681$1,195,873$0$8,202,906
78$18,546,499$1,149,971$0$8,909,551
79$20,330,450$1,098,528$0$9,718,819
80$22,292,969$1,041,169$0$10,608,911
81$24,452,163$977,497$0$11,588,087
82$26,827,982$907,093$0$12,665,451
83$29,442,407$829,512$0$13,851,043
84$32,319,660$744,286$0$15,155,929
85$35,486,429$650,918$0$16,592,309
86$38,972,117$548,886$0$18,173,633
87$42,809,127$437,636$0$19,914,728
88$47,033,161$316,582$0$21,831,941
89$51,683,557$185,109$0$23,943,289
90$56,803,663$42,563$0$26,268,637
91$62,441,245$0$0$28,829,881
92$68,648,933$0$0$31,686,818
93$75,484,724$0$0$34,847,966
94$83,012,525$0$0$38,329,318
95$91,302,754$0$0$42,163,463
96$100,433,009$0$0$46,386,315
97$110,488,798$0$0$51,037,446
98$121,564,344$0$0$56,160,464
99$133,763,474$0$0$61,803,422
100$147,200,602$0$0$68,019,271