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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$92,489$91,665$90,861$90,076$89,310$86,210
2 years$45,786$44,934$44,107$43,306$42,529$39,437
3 years$30,221$29,365$28,540$27,747$26,982$23,997
4 years$22,440$21,586$20,770$19,990$19,244$16,387
5 years$17,772$16,924$16,118$15,354$14,629$11,909
6 years$14,662$13,820$13,026$12,279$11,575$8,993
7 years$12,441$11,606$10,825$10,095$9,414$6,970
8 years$10,776$9,948$9,180$8,469$7,810$5,502
9 years$9,482$8,662$7,907$7,213$6,577$4,402
10 years$8,447$7,635$6,893$6,218$5,604$3,559
11 years$7,601$6,797$6,069$5,411$4,819$2,900
12 years$6,896$6,100$5,386$4,747$4,176$2,377
13 years$6,300$5,513$4,812$4,191$3,642$1,959
14 years$5,790$5,011$4,324$3,720$3,193$1,621
15 years$5,348$4,578$3,904$3,317$2,811$1,345
16 years$4,962$4,200$3,539$2,970$2,484$1,120
17 years$4,622$3,868$3,221$2,669$2,203$934
18 years$4,319$3,574$2,940$2,405$1,959$780
19 years$4,049$3,313$2,691$2,173$1,746$653
20 years$3,807$3,078$2,470$1,968$1,559$547
21 years$3,587$2,867$2,272$1,786$1,395$459
22 years$3,388$2,677$2,094$1,624$1,251$385
23 years$3,206$2,503$1,933$1,479$1,123$323
24 years$3,040$2,345$1,788$1,349$1,009$272
25 years$2,888$2,201$1,656$1,232$908$229
26 years$2,747$2,069$1,536$1,127$818$192
27 years$2,617$1,947$1,426$1,031$737$162
28 years$2,496$1,834$1,326$945$665$136
29 years$2,384$1,731$1,234$866$601$115
30 years$2,280$1,634$1,149$795$543$97
31 years$2,182$1,545$1,071$730$491$81
32 years$2,091$1,462$1,000$671$444$69
33 years$2,006$1,384$933$617$402$58
34 years$1,925$1,312$872$568$364$49
35 years$1,850$1,245$815$523$330$41
36 years$1,779$1,181$763$481$299$35
37 years$1,712$1,122$714$444$271$29
38 years$1,648$1,066$669$409$245$25
39 years$1,588$1,014$626$377$222$21
40 years$1,531$965$587$348$202$17
41 years$1,477$918$551$321$183$15
42 years$1,426$874$516$296$166$12
43 years$1,377$833$485$273$151$10
44 years$1,331$794$455$252$137$9
45 years$1,286$757$427$233$124$7
46 years$1,244$723$401$215$113$6
47 years$1,204$689$377$199$102$5
48 years$1,166$658$354$184$93$4
49 years$1,129$629$333$170$84$4
50 years$1,094$600$313$157$77$3

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 $5,914 every year, while hoping to spend $58,820 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: 86/6/8 Blend
44$1,120,000$1,120,000$1,120,000$1,120,000
45$1,240,340$1,180,980$1,163,620$1,345,465
46$1,304,271$1,176,264$1,140,018$1,410,216
47$1,372,751$1,169,346$1,113,653$1,472,685
48$1,446,183$1,160,055$1,084,371$1,539,462
49$1,525,007$1,148,211$1,052,011$1,610,940
50$1,609,708$1,133,623$1,016,403$1,687,552
51$1,700,816$1,116,089$977,371$1,769,775
52$1,798,915$1,095,393$934,729$1,858,132
53$1,904,646$1,071,309$888,284$1,953,201
54$2,018,712$1,043,595$837,833$2,055,616
55$2,141,886$1,011,997$783,166$2,166,078
56$2,275,018$976,244$724,062$2,285,356
57$2,419,041$936,051$660,289$2,414,298
58$2,574,981$891,116$591,607$2,553,838
59$2,743,968$841,119$517,764$2,705,004
60$2,927,240$785,721$438,497$2,868,930
61$3,126,163$724,566$353,531$3,046,863
62$3,342,236$657,275$262,579$3,240,178
63$3,577,112$583,449$165,343$3,450,390
64$3,832,604$502,665$61,509$3,679,168
65$4,110,712$414,477$0$3,928,349
66$4,413,632$318,415$0$4,204,169
67$4,743,785$213,979$0$4,510,528
68$5,103,833$100,645$0$4,844,659
69$5,496,704$0$0$5,209,305
70$5,925,626$0$0$5,608,947
71$6,394,148$0$0$6,052,757
72$6,906,178$0$0$6,537,795
73$7,466,020$0$0$7,068,138
74$8,078,412$0$0$7,648,275
75$8,748,569$0$0$8,283,151
76$9,482,236$0$0$8,978,209
77$10,285,739$0$0$9,739,443
78$11,166,043$0$0$10,573,455
79$12,130,819$0$0$11,487,515
80$13,188,517$0$0$12,489,629
81$14,348,441$0$0$13,588,617
82$15,620,840$0$0$14,794,190
83$17,017,003$0$0$16,117,046
84$18,549,364$0$0$17,568,971
85$20,231,619$0$0$19,162,943
86$22,078,856$0$0$20,913,261
87$24,107,696$0$0$22,835,676
88$26,336,446$0$0$24,947,540
89$28,785,276$0$0$27,267,966
90$31,476,406$0$0$29,818,012
91$34,434,315$0$0$32,620,878
92$37,685,970$0$0$35,702,121
93$41,261,085$0$0$39,089,900
94$45,192,392$0$0$42,815,235
95$49,515,957$0$0$46,912,307
96$54,271,514$0$0$51,418,773
97$59,502,844$0$0$56,376,123
98$65,258,182$0$0$61,830,071
99$71,590,675$0$0$67,830,984
100$78,558,881$0$0$74,434,359