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%17.3%
1 years$92,489$91,665$90,861$90,076$89,310$86,660
2 years$45,786$44,934$44,107$43,306$42,529$39,880
3 years$30,221$29,365$28,540$27,747$26,982$24,419
4 years$22,440$21,586$20,770$19,990$19,244$16,785
5 years$17,772$16,924$16,118$15,354$14,629$12,282
6 years$14,662$13,820$13,026$12,279$11,575$9,342
7 years$12,441$11,606$10,825$10,095$9,414$7,294
8 years$10,776$9,948$9,180$8,469$7,810$5,802
9 years$9,482$8,662$7,907$7,213$6,577$4,679
10 years$8,447$7,635$6,893$6,218$5,604$3,813
11 years$7,601$6,797$6,069$5,411$4,819$3,133
12 years$6,896$6,100$5,386$4,747$4,176$2,591
13 years$6,300$5,513$4,812$4,191$3,642$2,154
14 years$5,790$5,011$4,324$3,720$3,193$1,798
15 years$5,348$4,578$3,904$3,317$2,811$1,507
16 years$4,962$4,200$3,539$2,970$2,484$1,266
17 years$4,622$3,868$3,221$2,669$2,203$1,066
18 years$4,319$3,574$2,940$2,405$1,959$899
19 years$4,049$3,313$2,691$2,173$1,746$760
20 years$3,807$3,078$2,470$1,968$1,559$643
21 years$3,587$2,867$2,272$1,786$1,395$545
22 years$3,388$2,677$2,094$1,624$1,251$462
23 years$3,206$2,503$1,933$1,479$1,123$392
24 years$3,040$2,345$1,788$1,349$1,009$333
25 years$2,888$2,201$1,656$1,232$908$283
26 years$2,747$2,069$1,536$1,127$818$240
27 years$2,617$1,947$1,426$1,031$737$205
28 years$2,496$1,834$1,326$945$665$174
29 years$2,384$1,731$1,234$866$601$148
30 years$2,280$1,634$1,149$795$543$126
31 years$2,182$1,545$1,071$730$491$107
32 years$2,091$1,462$1,000$671$444$91
33 years$2,006$1,384$933$617$402$78
34 years$1,925$1,312$872$568$364$66
35 years$1,850$1,245$815$523$330$57
36 years$1,779$1,181$763$481$299$48
37 years$1,712$1,122$714$444$271$41
38 years$1,648$1,066$669$409$245$35
39 years$1,588$1,014$626$377$222$30
40 years$1,531$965$587$348$202$25
41 years$1,477$918$551$321$183$22
42 years$1,426$874$516$296$166$18
43 years$1,377$833$485$273$151$16
44 years$1,331$794$455$252$137$13
45 years$1,286$757$427$233$124$11
46 years$1,244$723$401$215$113$10
47 years$1,204$689$377$199$102$8
48 years$1,166$658$354$184$93$7
49 years$1,129$629$333$170$84$6
50 years$1,094$600$313$157$77$5

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 $5,365 every year, while hoping to spend $25,588 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: 67/17/16 Blend
44$1,120,000$1,120,000$1,120,000$1,120,000
45$1,239,774$1,180,414$1,163,054$1,317,747
46$1,339,006$1,211,029$1,174,791$1,401,101
47$1,447,501$1,242,286$1,186,063$1,488,716
48$1,566,178$1,274,191$1,196,829$1,583,882
49$1,696,049$1,306,746$1,207,042$1,687,340
50$1,838,224$1,339,955$1,216,657$1,799,903
51$1,993,931$1,373,821$1,225,623$1,922,469
52$2,164,518$1,408,344$1,233,887$2,056,026
53$2,351,472$1,443,526$1,241,396$2,201,662
54$2,556,430$1,479,367$1,248,091$2,360,577
55$2,781,195$1,515,864$1,253,910$2,534,090
56$3,027,752$1,553,017$1,258,791$2,723,659
57$3,298,288$1,590,820$1,262,666$2,930,884
58$3,595,212$1,629,270$1,265,465$3,157,534
59$3,921,179$1,668,359$1,267,113$3,405,554
60$4,279,111$1,708,080$1,267,533$3,677,087
61$4,672,227$1,748,423$1,266,642$3,974,497
62$5,104,077$1,789,378$1,264,357$4,300,386
63$5,578,566$1,830,931$1,260,586$4,657,622
64$6,100,000$1,873,067$1,255,236$5,049,367
65$6,673,121$1,915,769$1,248,208$5,479,101
66$7,303,156$1,959,017$1,239,399$5,950,663
67$7,995,858$2,002,790$1,228,700$6,468,281
68$8,757,572$2,047,063$1,215,997$7,036,614
69$9,595,284$2,091,808$1,201,173$7,660,797
70$10,516,692$2,136,996$1,184,101$8,346,489
71$11,530,278$2,182,593$1,164,652$9,099,924
72$12,645,389$2,228,561$1,142,690$9,927,973
73$13,872,319$2,274,862$1,118,071$10,838,208
74$15,222,415$2,321,450$1,090,646$11,838,974
75$16,708,178$2,368,277$1,060,259$12,939,465
76$18,343,379$2,415,290$1,026,745$14,149,815
77$20,143,197$2,462,433$989,934$15,481,191
78$22,124,354$2,509,642$949,647$16,945,899
79$24,305,275$2,556,851$905,697$18,557,501
80$26,706,263$2,603,987$857,888$20,330,942
81$29,349,690$2,650,970$806,016$22,282,693
82$32,260,207$2,697,717$749,866$24,430,904
83$35,464,978$2,744,135$689,217$26,795,578
84$38,993,934$2,790,126$623,833$29,398,759
85$42,880,056$2,835,583$553,473$32,264,739
86$47,159,689$2,880,393$477,881$35,420,289
87$51,872,878$2,924,434$396,791$38,894,913
88$57,063,754$2,967,574$309,926$42,721,125
89$62,780,945$3,009,672$216,997$46,934,755
90$69,078,035$3,050,580$117,700$51,575,291
91$76,014,071$3,090,135$11,719$56,686,248
92$83,654,120$3,128,165$0$62,315,583
93$92,069,883$3,164,488$0$68,533,454
94$101,340,369$3,198,906$0$75,384,056
95$111,552,645$3,231,210$0$82,929,632
96$122,802,652$3,261,178$0$91,240,980
97$135,196,118$3,288,570$0$100,396,119
98$148,849,545$3,313,134$0$110,481,024
99$163,891,321$3,334,599$0$121,590,437
100$180,462,920$3,352,678$0$133,828,766