Can I retire at age 45 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$94,966$94,120$93,295$92,489$91,703$89,522
2 years$47,013$46,137$45,289$44,466$43,668$41,484
3 years$31,031$30,151$29,305$28,490$27,705$25,585
4 years$23,041$22,164$21,326$20,525$19,759$17,721
5 years$18,248$17,377$16,550$15,765$15,021$13,069
6 years$15,055$14,190$13,375$12,608$11,885$10,022
7 years$12,774$11,916$11,115$10,365$9,666$7,892
8 years$11,064$10,215$9,426$8,695$8,019$6,333
9 years$9,735$8,894$8,119$7,407$6,753$5,154
10 years$8,673$7,839$7,078$6,384$5,754$4,240
11 years$7,804$6,979$6,231$5,556$4,949$3,518
12 years$7,081$6,264$5,530$4,874$4,288$2,938
13 years$6,469$5,661$4,941$4,303$3,739$2,467
14 years$5,945$5,145$4,439$3,820$3,278$2,081
15 years$5,491$4,700$4,008$3,406$2,886$1,762
16 years$5,095$4,313$3,634$3,050$2,551$1,496
17 years$4,745$3,972$3,307$2,740$2,262$1,273
18 years$4,435$3,670$3,019$2,470$2,011$1,086
19 years$4,158$3,401$2,763$2,232$1,792$928
20 years$3,908$3,161$2,536$2,021$1,601$795
21 years$3,683$2,944$2,333$1,834$1,433$681
22 years$3,479$2,748$2,150$1,668$1,284$584
23 years$3,292$2,570$1,985$1,519$1,153$502
24 years$3,122$2,408$1,836$1,385$1,036$431
25 years$2,965$2,260$1,700$1,265$932$371
26 years$2,820$2,124$1,577$1,157$840$319
27 years$2,687$1,999$1,464$1,059$757$275
28 years$2,563$1,884$1,361$970$683$237
29 years$2,448$1,777$1,267$890$617$204
30 years$2,341$1,678$1,180$816$557$176
31 years$2,241$1,586$1,100$750$504$151
32 years$2,147$1,501$1,026$689$456$131
33 years$2,059$1,422$958$634$413$113
34 years$1,977$1,347$895$583$374$97
35 years$1,900$1,278$837$537$338$84
36 years$1,826$1,213$783$494$307$72
37 years$1,758$1,152$733$455$278$62
38 years$1,692$1,095$686$420$252$54
39 years$1,631$1,041$643$387$228$46
40 years$1,572$990$603$357$207$40
41 years$1,517$943$565$329$188$35
42 years$1,464$898$530$304$171$30
43 years$1,414$856$498$281$155$26
44 years$1,366$816$467$259$141$22
45 years$1,321$778$439$239$128$19
46 years$1,278$742$412$221$116$17
47 years$1,236$708$387$204$105$14
48 years$1,197$676$364$189$96$12
49 years$1,159$645$342$174$87$11
50 years$1,123$617$321$161$79$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,150,000, adding $6,687 every year, while hoping to spend $37,482 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: 67/23/10 Blend
44$1,150,000$1,150,000$1,150,000$1,150,000
45$1,274,198$1,213,248$1,195,423$1,356,486
46$1,364,285$1,232,816$1,195,589$1,431,621
47$1,462,306$1,252,087$1,194,504$1,508,635
48$1,569,028$1,271,007$1,192,087$1,591,855
49$1,685,300$1,289,517$1,188,253$1,681,883
50$1,812,052$1,307,556$1,182,912$1,779,384
51$1,950,312$1,325,056$1,175,969$1,885,089
52$2,101,206$1,341,946$1,167,327$1,999,804
53$2,265,979$1,358,151$1,156,882$2,124,419
54$2,445,998$1,373,590$1,144,527$2,259,911
55$2,642,769$1,388,175$1,130,147$2,407,361
56$2,857,949$1,401,813$1,113,625$2,567,958
57$3,093,365$1,414,407$1,094,837$2,743,014
58$3,351,027$1,425,852$1,073,652$2,933,974
59$3,633,147$1,436,034$1,049,935$3,142,432
60$3,942,163$1,444,835$1,023,543$3,370,143
61$4,280,760$1,452,128$994,328$3,619,043
62$4,651,893$1,457,778$962,134$3,891,268
63$5,058,819$1,461,642$926,798$4,189,169
64$5,505,123$1,463,566$888,150$4,515,339
65$5,994,754$1,463,390$846,012$4,872,638
66$6,532,063$1,460,940$800,197$5,264,217
67$7,121,841$1,456,034$750,512$5,693,549
68$7,769,368$1,448,478$696,753$6,164,464
69$8,480,457$1,438,067$638,707$6,681,185
70$9,261,513$1,424,582$576,153$7,248,364
71$10,119,592$1,407,792$508,860$7,871,132
72$11,062,468$1,387,451$436,584$8,555,144
73$12,098,704$1,363,300$359,073$9,306,634
74$13,237,733$1,335,063$276,064$10,132,474
75$14,489,949$1,302,449$187,280$11,040,239
76$15,866,804$1,265,149$92,433$12,038,280
77$17,380,912$1,222,835$0$13,135,803
78$19,046,174$1,175,163$0$14,343,890
79$20,877,904$1,121,766$0$15,683,377
80$22,892,974$1,062,256$0$17,156,755
81$25,109,975$996,224$0$18,777,650
82$27,549,391$923,238$0$20,561,083
83$30,233,790$842,838$0$22,523,606
84$33,188,040$754,541$0$24,683,463
85$36,439,542$657,835$0$27,060,762
86$40,018,486$552,179$0$29,677,662
87$43,958,139$437,003$0$32,558,588
88$48,295,156$311,703$0$35,730,459
89$53,069,927$175,642$0$39,222,942
90$58,326,958$28,147$0$43,068,734
91$64,115,289$0$0$47,303,874
92$70,488,958$0$0$52,001,358
93$77,507,509$0$0$57,182,066
94$85,236,555$0$0$62,887,318
95$93,748,397$0$0$69,170,495
96$103,122,706$0$0$76,090,419
97$113,447,271$0$0$83,711,909
98$124,818,832$0$0$92,106,389
99$137,343,990$0$0$101,352,565
100$151,140,215$0$0$111,537,168