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%12.2%
1 years$94,140$93,302$92,483$91,685$90,905$90,068
2 years$46,604$45,736$44,895$44,079$43,288$42,445
3 years$30,761$29,889$29,050$28,242$27,464$26,640
4 years$22,841$21,972$21,141$20,347$19,587$18,790
5 years$18,090$17,226$16,406$15,628$14,890$14,121
6 years$14,924$14,066$13,259$12,498$11,782$11,043
7 years$12,663$11,813$11,018$10,275$9,582$8,873
8 years$10,968$10,126$9,344$8,620$7,949$7,270
9 years$9,651$8,816$8,048$7,342$6,694$6,044
10 years$8,597$7,771$7,017$6,329$5,704$5,083
11 years$7,736$6,918$6,177$5,508$4,906$4,313
12 years$7,019$6,209$5,482$4,831$4,251$3,687
13 years$6,413$5,612$4,898$4,265$3,707$3,170
14 years$5,893$5,101$4,401$3,786$3,250$2,740
15 years$5,444$4,660$3,973$3,377$2,861$2,377
16 years$5,051$4,275$3,602$3,023$2,529$2,070
17 years$4,704$3,937$3,278$2,717$2,242$1,808
18 years$4,397$3,638$2,992$2,448$1,994$1,583
19 years$4,122$3,372$2,739$2,212$1,777$1,389
20 years$3,874$3,133$2,514$2,004$1,587$1,221
21 years$3,651$2,918$2,313$1,818$1,420$1,076
22 years$3,448$2,724$2,131$1,653$1,273$949
23 years$3,264$2,548$1,968$1,506$1,143$838
24 years$3,094$2,387$1,820$1,373$1,027$740
25 years$2,939$2,240$1,686$1,254$924$655
26 years$2,796$2,106$1,563$1,147$833$580
27 years$2,664$1,982$1,452$1,050$751$514
28 years$2,541$1,867$1,350$962$677$456
29 years$2,427$1,762$1,256$882$612$404
30 years$2,321$1,664$1,170$809$553$359
31 years$2,221$1,573$1,091$743$500$319
32 years$2,129$1,488$1,018$683$452$283
33 years$2,042$1,409$950$628$409$252
34 years$1,960$1,336$888$578$370$224
35 years$1,883$1,267$830$532$335$199
36 years$1,811$1,202$776$490$304$177
37 years$1,742$1,142$727$451$275$158
38 years$1,678$1,085$681$416$250$140
39 years$1,616$1,032$638$384$226$125
40 years$1,559$982$598$354$205$111
41 years$1,504$935$560$327$186$99
42 years$1,451$890$526$301$169$88
43 years$1,402$848$493$278$153$78
44 years$1,354$808$463$257$139$70
45 years$1,309$771$435$237$126$62
46 years$1,267$735$408$219$115$55
47 years$1,226$702$384$202$104$49
48 years$1,186$670$360$187$95$44
49 years$1,149$640$339$173$86$39
50 years$1,113$611$319$160$78$35

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 $6,586 every year, while hoping to spend $53,927 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: 26/44/30 Blend
44$1,140,000$1,140,000$1,140,000$1,140,000
45$1,263,073$1,202,653$1,184,983$1,284,002
46$1,334,529$1,204,206$1,167,302$1,303,440
47$1,411,466$1,204,026$1,147,222$1,319,280
48$1,494,386$1,201,974$1,124,604$1,335,187
49$1,583,840$1,197,898$1,099,306$1,351,204
50$1,680,435$1,191,639$1,071,176$1,367,385
51$1,784,837$1,183,026$1,040,058$1,383,794
52$1,897,778$1,171,882$1,005,787$1,400,507
53$2,020,061$1,158,014$968,191$1,417,612
54$2,152,571$1,141,221$927,089$1,435,215
55$2,296,282$1,121,288$882,295$1,453,437
56$2,452,261$1,097,990$833,610$1,472,419
57$2,621,685$1,071,085$780,830$1,492,323
58$2,805,849$1,040,320$723,739$1,513,337
59$3,006,175$1,005,425$662,114$1,535,673
60$3,224,229$966,116$595,719$1,559,578
61$3,461,735$922,090$524,310$1,585,329
62$3,720,588$873,028$447,631$1,613,244
63$4,002,876$818,594$365,414$1,643,682
64$4,310,894$758,431$277,381$1,677,050
65$4,647,172$692,161$183,240$1,713,807
66$5,014,493$619,385$82,687$1,754,475
67$5,415,919$539,683$0$1,799,636
68$5,854,824$452,608$0$1,857,832
69$6,334,921$357,692$0$1,950,679
70$6,860,300$254,435$0$2,052,623
71$7,435,462$142,315$0$2,164,709
72$8,065,367$20,776$0$2,288,104
73$8,755,474$0$0$2,424,098
74$9,511,797$0$0$2,627,761
75$10,340,956$0$0$2,862,259
76$11,250,248$0$0$3,119,620
77$12,247,704$0$0$3,402,141
78$13,342,174$0$0$3,712,356
79$14,543,403$0$0$4,053,053
80$15,862,129$0$0$4,427,306
81$17,310,176$0$0$4,838,498
82$18,900,572$0$0$5,290,361
83$20,647,669$0$0$5,787,000
84$22,567,275$0$0$6,332,943
85$24,676,808$0$0$6,933,176
86$26,995,455$0$0$7,593,192
87$29,544,355$0$0$8,319,045
88$32,346,797$0$0$9,117,401
89$35,428,438$0$0$9,995,609
90$38,817,549$0$0$10,961,763
91$42,545,274$0$0$12,024,784
92$46,645,930$0$0$13,194,497
93$51,157,325$0$0$14,481,731
94$56,121,118$0$0$15,898,418
95$61,583,209$0$0$17,457,702
96$67,594,172$0$0$19,174,068
97$74,209,732$0$0$21,063,479
98$81,491,288$0$0$23,143,519
99$89,506,497$0$0$25,433,567
100$98,329,905$0$0$27,954,977