Can I retire at age 45 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$95,792$94,938$94,106$93,293$92,500$90,484
2 years$47,422$46,538$45,683$44,853$44,048$42,027
3 years$31,300$30,413$29,560$28,738$27,946$25,983
4 years$23,241$22,357$21,512$20,704$19,931$18,042
5 years$18,407$17,528$16,694$15,902$15,151$13,341
6 years$15,185$14,313$13,491$12,717$11,989$10,259
7 years$12,885$12,020$11,211$10,456$9,750$8,101
8 years$11,161$10,303$9,508$8,771$8,089$6,520
9 years$9,820$8,971$8,189$7,471$6,812$5,322
10 years$8,748$7,908$7,140$6,440$5,804$4,392
11 years$7,872$7,040$6,286$5,605$4,992$3,655
12 years$7,142$6,318$5,578$4,916$4,326$3,063
13 years$6,525$5,710$4,984$4,340$3,772$2,581
14 years$5,997$5,190$4,478$3,853$3,307$2,184
15 years$5,539$4,741$4,043$3,436$2,911$1,855
16 years$5,139$4,350$3,666$3,077$2,573$1,581
17 years$4,787$4,006$3,336$2,764$2,281$1,351
18 years$4,474$3,702$3,045$2,491$2,029$1,157
19 years$4,194$3,431$2,788$2,251$1,808$992
20 years$3,942$3,188$2,558$2,039$1,615$852
21 years$3,715$2,970$2,353$1,850$1,445$733
22 years$3,509$2,772$2,169$1,682$1,295$632
23 years$3,321$2,593$2,002$1,532$1,163$544
24 years$3,149$2,429$1,852$1,397$1,045$470
25 years$2,991$2,280$1,715$1,276$941$406
26 years$2,845$2,143$1,591$1,167$847$350
27 years$2,710$2,016$1,477$1,068$764$303
28 years$2,585$1,900$1,373$979$689$262
29 years$2,469$1,792$1,278$897$622$227
30 years$2,361$1,693$1,190$824$562$196
31 years$2,260$1,600$1,110$756$508$170
32 years$2,166$1,514$1,035$695$460$147
33 years$2,077$1,434$967$639$416$127
34 years$1,994$1,359$903$588$377$110
35 years$1,916$1,289$844$541$341$96
36 years$1,842$1,223$790$499$309$83
37 years$1,773$1,162$739$459$280$72
38 years$1,707$1,104$692$423$254$62
39 years$1,645$1,050$649$390$230$54
40 years$1,586$999$608$360$209$47
41 years$1,530$951$570$332$190$41
42 years$1,477$906$535$307$172$35
43 years$1,426$863$502$283$156$30
44 years$1,378$823$471$261$142$26
45 years$1,332$784$442$241$129$23
46 years$1,289$748$415$223$117$20
47 years$1,247$714$390$206$106$17
48 years$1,207$682$367$190$96$15
49 years$1,169$651$345$176$87$13
50 years$1,133$622$324$163$79$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,160,000, adding $3,936 every year, while hoping to spend $37,877 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: 63/16/21 Blend
44$1,160,000$1,160,000$1,160,000$1,160,000
45$1,282,380$1,220,900$1,202,920$1,355,975
46$1,372,882$1,240,423$1,202,917$1,425,594
47$1,471,346$1,259,634$1,201,644$1,497,002
48$1,578,543$1,278,476$1,199,020$1,574,121
49$1,695,324$1,296,891$1,194,956$1,657,513
50$1,822,623$1,314,815$1,189,364$1,747,797
51$1,961,470$1,332,180$1,182,146$1,845,654
52$2,112,996$1,348,913$1,173,205$1,951,839
53$2,278,450$1,364,938$1,162,435$2,067,179
54$2,459,202$1,380,170$1,149,727$2,192,591
55$2,656,764$1,394,521$1,134,966$2,329,085
56$2,872,799$1,407,898$1,118,032$2,477,772
57$3,109,138$1,420,199$1,098,801$2,639,881
58$3,367,799$1,431,317$1,077,139$2,816,764
59$3,651,001$1,441,138$1,052,910$3,009,916
60$3,961,190$1,449,541$1,025,969$3,220,981
61$4,301,058$1,456,395$996,166$3,451,775
62$4,673,571$1,461,564$963,343$3,704,300
63$5,081,996$1,464,901$927,335$3,980,763
64$5,529,929$1,466,251$887,970$4,283,598
65$6,021,333$1,465,448$845,068$4,615,490
66$6,560,572$1,462,318$798,441$4,979,398
67$7,152,452$1,456,674$747,891$5,378,585
68$7,802,269$1,448,318$693,212$5,816,650
69$8,515,856$1,437,041$634,190$6,297,561
70$9,299,639$1,422,621$570,601$6,825,694
71$10,160,694$1,404,822$502,208$7,405,871
72$11,106,821$1,383,394$428,768$8,043,411
73$12,146,610$1,358,073$350,025$8,744,180
74$13,289,524$1,328,579$265,711$9,514,642
75$14,545,990$1,294,614$175,547$10,361,926
76$15,927,495$1,255,864$79,242$11,293,892
77$17,446,695$1,211,996$0$12,319,203
78$19,117,533$1,162,659$0$13,452,686
79$20,955,371$1,107,480$0$14,718,890
80$22,977,137$1,046,064$0$16,111,725
81$25,201,478$977,994$0$17,644,069
82$27,648,943$902,831$0$19,330,113
83$30,342,173$820,107$0$21,185,496
84$33,306,113$729,330$0$23,227,453
85$36,568,249$629,980$0$25,474,980
86$40,158,868$521,507$0$27,949,010
87$44,111,341$403,329$0$30,672,614
88$48,462,438$274,833$0$33,671,215
89$53,252,678$135,370$0$36,972,836
90$58,526,704$0$0$40,608,354
91$64,333,712$0$0$44,614,574
92$70,727,910$0$0$49,052,243
93$77,769,028$0$0$53,938,993
94$85,522,887$0$0$59,320,520
95$94,062,015$0$0$65,247,175
96$103,466,330$0$0$71,774,441
97$113,823,901$0$0$78,963,458
98$125,231,770$0$0$86,881,598
99$137,796,874$0$0$95,603,099
100$151,637,049$0$0$105,209,771