Can I retire at age 45 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$93,314$92,483$91,672$90,881$90,108$87,574
2 years$46,195$45,335$44,501$43,693$42,908$40,376
3 years$30,491$29,627$28,795$27,994$27,223$24,770
4 years$22,640$21,779$20,955$20,168$19,416$17,061
5 years$17,931$17,075$16,262$15,491$14,759$12,510
6 years$14,793$13,943$13,142$12,388$11,679$9,536
7 years$12,552$11,709$10,921$10,185$9,498$7,462
8 years$10,872$10,037$9,262$8,544$7,879$5,950
9 years$9,566$8,739$7,978$7,278$6,636$4,810
10 years$8,522$7,703$6,955$6,273$5,654$3,930
11 years$7,668$6,858$6,123$5,460$4,862$3,238
12 years$6,957$6,155$5,434$4,789$4,214$2,685
13 years$6,356$5,562$4,855$4,228$3,674$2,238
14 years$5,842$5,056$4,362$3,753$3,221$1,873
15 years$5,396$4,619$3,938$3,347$2,836$1,574
16 years$5,006$4,238$3,571$2,997$2,506$1,326
17 years$4,663$3,903$3,249$2,693$2,222$1,120
18 years$4,358$3,606$2,966$2,427$1,976$947
19 years$4,085$3,342$2,715$2,193$1,761$803
20 years$3,841$3,106$2,492$1,986$1,573$682
21 years$3,619$2,893$2,292$1,802$1,408$579
22 years$3,418$2,700$2,113$1,639$1,262$493
23 years$3,235$2,526$1,951$1,492$1,133$419
24 years$3,067$2,366$1,804$1,361$1,018$357
25 years$2,913$2,221$1,671$1,243$916$305
26 years$2,771$2,087$1,550$1,137$825$260
27 years$2,640$1,964$1,439$1,040$744$222
28 years$2,519$1,851$1,338$953$671$189
29 years$2,405$1,746$1,245$874$606$162
30 years$2,300$1,649$1,160$802$548$138
31 years$2,202$1,559$1,081$737$495$118
32 years$2,110$1,475$1,009$677$448$101
33 years$2,024$1,397$942$623$405$86
34 years$1,943$1,324$880$573$367$74
35 years$1,866$1,256$823$527$332$63
36 years$1,795$1,192$770$486$301$54
37 years$1,727$1,132$720$448$273$46
38 years$1,663$1,076$675$413$248$39
39 years$1,602$1,023$632$380$224$34
40 years$1,545$973$592$351$204$29
41 years$1,490$926$555$324$185$25
42 years$1,439$882$521$299$168$21
43 years$1,389$841$489$276$152$18
44 years$1,343$801$459$255$138$15
45 years$1,298$764$431$235$125$13
46 years$1,255$729$405$217$114$11
47 years$1,215$696$380$201$103$10
48 years$1,176$664$357$185$94$8
49 years$1,139$634$336$171$85$7
50 years$1,103$606$316$158$77$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,130,000, adding $3,544 every year, while hoping to spend $59,634 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: 42/39/19 Blend
44$1,130,000$1,130,000$1,130,000$1,130,000
45$1,248,916$1,189,026$1,171,511$1,294,284
46$1,312,855$1,183,838$1,147,306$1,321,587
47$1,381,317$1,176,397$1,120,292$1,345,062
48$1,454,701$1,166,530$1,090,311$1,369,244
49$1,533,444$1,154,053$1,057,200$1,394,228
50$1,618,024$1,138,771$1,020,785$1,420,123
51$1,708,970$1,120,478$980,889$1,447,052
52$1,806,857$1,098,954$937,321$1,475,157
53$1,912,322$1,073,968$889,887$1,504,598
54$2,026,061$1,045,274$838,380$1,535,558
55$2,148,840$1,012,613$782,586$1,568,242
56$2,281,500$975,710$722,281$1,602,884
57$2,424,966$934,273$657,231$1,639,746
58$2,580,254$887,994$587,190$1,679,124
59$2,748,482$836,547$511,902$1,721,354
60$2,930,878$779,589$431,102$1,766,810
61$3,128,793$716,754$344,509$1,815,913
62$3,343,712$647,657$251,832$1,869,137
63$3,577,270$571,892$152,769$1,927,013
64$3,831,266$489,028$47,000$1,990,134
65$4,107,675$398,611$0$2,059,164
66$4,408,676$300,161$0$2,148,203
67$4,736,662$193,170$0$2,255,761
68$5,094,269$77,103$0$2,373,301
69$5,484,398$0$0$2,501,933
70$5,910,241$0$0$2,663,750
71$6,375,313$0$0$2,876,744
72$6,883,482$0$0$3,109,614
73$7,439,008$0$0$3,364,329
74$8,046,581$0$0$3,643,057
75$8,711,362$0$0$3,948,186
76$9,439,039$0$0$4,282,345
77$10,235,870$0$0$4,648,428
78$11,108,751$0$0$5,049,624
79$12,065,273$0$0$5,489,445
80$13,113,799$0$0$5,971,757
81$14,263,537$0$0$6,500,820
82$15,524,631$0$0$7,081,326
83$16,908,252$0$0$7,718,442
84$18,426,706$0$0$8,417,861
85$20,093,547$0$0$9,185,853
86$21,923,707$0$0$10,029,325
87$23,933,632$0$0$10,955,887
88$26,141,441$0$0$11,973,920
89$28,567,094$0$0$13,092,660
90$31,232,579$0$0$14,322,279
91$34,162,121$0$0$15,673,986
92$37,382,406$0$0$17,160,128
93$40,922,836$0$0$18,794,309
94$44,815,804$0$0$20,591,518
95$49,096,998$0$0$22,568,269
96$53,805,739$0$0$24,742,755
97$58,985,347$0$0$27,135,023
98$64,683,556$0$0$29,767,161
99$70,952,955$0$0$32,663,504
100$77,851,491$0$0$35,850,867