Can I retire at age 45 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$94,140$93,302$92,483$91,685$90,905$89,658
2 years$46,604$45,736$44,895$44,079$43,288$42,034
3 years$30,761$29,889$29,050$28,242$27,464$26,241
4 years$22,841$21,972$21,141$20,347$19,587$18,406
5 years$18,090$17,226$16,406$15,628$14,890$13,753
6 years$14,924$14,066$13,259$12,498$11,782$10,691
7 years$12,663$11,813$11,018$10,275$9,582$8,538
8 years$10,968$10,126$9,344$8,620$7,949$6,951
9 years$9,651$8,816$8,048$7,342$6,694$5,742
10 years$8,597$7,771$7,017$6,329$5,704$4,797
11 years$7,736$6,918$6,177$5,508$4,906$4,043
12 years$7,019$6,209$5,482$4,831$4,251$3,432
13 years$6,413$5,612$4,898$4,265$3,707$2,930
14 years$5,893$5,101$4,401$3,786$3,250$2,514
15 years$5,444$4,660$3,973$3,377$2,861$2,165
16 years$5,051$4,275$3,602$3,023$2,529$1,871
17 years$4,704$3,937$3,278$2,717$2,242$1,621
18 years$4,397$3,638$2,992$2,448$1,994$1,409
19 years$4,122$3,372$2,739$2,212$1,777$1,226
20 years$3,874$3,133$2,514$2,004$1,587$1,069
21 years$3,651$2,918$2,313$1,818$1,420$934
22 years$3,448$2,724$2,131$1,653$1,273$817
23 years$3,264$2,548$1,968$1,506$1,143$715
24 years$3,094$2,387$1,820$1,373$1,027$627
25 years$2,939$2,240$1,686$1,254$924$550
26 years$2,796$2,106$1,563$1,147$833$483
27 years$2,664$1,982$1,452$1,050$751$424
28 years$2,541$1,867$1,350$962$677$373
29 years$2,427$1,762$1,256$882$612$328
30 years$2,321$1,664$1,170$809$553$288
31 years$2,221$1,573$1,091$743$500$254
32 years$2,129$1,488$1,018$683$452$223
33 years$2,042$1,409$950$628$409$197
34 years$1,960$1,336$888$578$370$173
35 years$1,883$1,267$830$532$335$153
36 years$1,811$1,202$776$490$304$135
37 years$1,742$1,142$727$451$275$119
38 years$1,678$1,085$681$416$250$105
39 years$1,616$1,032$638$384$226$92
40 years$1,559$982$598$354$205$81
41 years$1,504$935$560$327$186$72
42 years$1,451$890$526$301$169$63
43 years$1,402$848$493$278$153$56
44 years$1,354$808$463$257$139$49
45 years$1,309$771$435$237$126$43
46 years$1,267$735$408$219$115$38
47 years$1,226$702$384$202$104$34
48 years$1,186$670$360$187$95$30
49 years$1,149$640$339$173$86$26
50 years$1,113$611$319$160$78$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,140,000, adding $2,671 every year, while hoping to spend $37,313 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: 41/40/19 Blend
44$1,140,000$1,140,000$1,140,000$1,140,000
45$1,259,035$1,198,615$1,180,945$1,303,506
46$1,347,756$1,217,647$1,180,806$1,354,428
47$1,444,276$1,236,360$1,179,412$1,405,700
48$1,549,351$1,254,700$1,176,681$1,460,422
49$1,663,812$1,272,609$1,172,528$1,518,927
50$1,788,577$1,290,022$1,166,863$1,581,586
51$1,924,652$1,306,873$1,159,593$1,648,806
52$2,073,146$1,323,089$1,150,619$1,721,040
53$2,235,280$1,338,594$1,139,837$1,798,786
54$2,412,398$1,353,304$1,127,141$1,882,596
55$2,605,979$1,367,133$1,112,417$1,973,080
56$2,817,652$1,379,986$1,095,547$2,070,910
57$3,049,211$1,391,763$1,076,406$2,176,832
58$3,302,629$1,402,359$1,054,864$2,291,667
59$3,580,082$1,411,659$1,030,787$2,416,323
60$3,883,963$1,419,543$1,004,031$2,551,804
61$4,216,910$1,425,883$974,449$2,699,218
62$4,581,826$1,430,543$941,884$2,859,790
63$4,981,910$1,433,377$906,174$3,034,872
64$5,420,683$1,434,230$867,149$3,225,957
65$5,902,025$1,432,940$824,632$3,434,695
66$6,430,210$1,429,333$778,435$3,662,907
67$7,009,945$1,423,223$728,366$3,912,605
68$7,646,413$1,414,416$674,221$4,186,009
69$8,345,328$1,402,702$615,787$4,485,571
70$9,112,979$1,387,863$552,844$4,813,998
71$9,956,299$1,369,664$485,160$5,174,278
72$10,882,921$1,347,857$412,493$5,569,709
73$11,901,259$1,322,182$334,591$6,003,933
74$13,020,577$1,292,358$251,190$6,480,969
75$14,251,086$1,258,094$162,014$7,005,251
76$15,604,032$1,219,076$66,777$7,581,674
77$17,091,808$1,174,975$0$8,215,641
78$18,728,066$1,125,443$0$8,920,179
79$20,527,849$1,070,110$0$9,709,706
80$22,507,730$1,008,585$0$10,577,992
81$24,685,969$940,456$0$11,533,115
82$27,082,685$865,286$0$12,583,982
83$29,720,047$782,613$0$13,740,414
84$32,622,480$691,949$0$15,013,242
85$35,816,897$592,779$0$16,414,410
86$39,332,953$484,558$0$17,957,085
87$43,203,322$366,710$0$19,655,791
88$47,464,010$238,627$0$21,526,537
89$52,154,686$99,667$0$23,586,980
90$57,319,067$0$0$25,856,584
91$63,005,318$0$0$28,379,194
92$69,266,519$0$0$31,205,361
93$76,161,154$0$0$34,317,640
94$83,753,669$0$0$37,745,145
95$92,115,079$0$0$41,519,960
96$101,323,636$0$0$45,677,437
97$111,465,571$0$0$50,256,533
98$122,635,900$0$0$55,300,178
99$134,939,330$0$0$60,855,674
100$148,491,239$0$0$66,975,151