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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$95,792$94,938$94,106$93,293$92,500$89,791
2 years$47,422$46,538$45,683$44,853$44,048$41,340
3 years$31,300$30,413$29,560$28,738$27,946$25,325
4 years$23,241$22,357$21,512$20,704$19,931$17,417
5 years$18,407$17,528$16,694$15,902$15,151$12,750
6 years$15,185$14,313$13,491$12,717$11,989$9,704
7 years$12,885$12,020$11,211$10,456$9,750$7,580
8 years$11,161$10,303$9,508$8,771$8,089$6,033
9 years$9,820$8,971$8,189$7,471$6,812$4,869
10 years$8,748$7,908$7,140$6,440$5,804$3,971
11 years$7,872$7,040$6,286$5,605$4,992$3,265
12 years$7,142$6,318$5,578$4,916$4,326$2,702
13 years$6,525$5,710$4,984$4,340$3,772$2,248
14 years$5,997$5,190$4,478$3,853$3,307$1,878
15 years$5,539$4,741$4,043$3,436$2,911$1,574
16 years$5,139$4,350$3,666$3,077$2,573$1,323
17 years$4,787$4,006$3,336$2,764$2,281$1,115
18 years$4,474$3,702$3,045$2,491$2,029$941
19 years$4,194$3,431$2,788$2,251$1,808$796
20 years$3,942$3,188$2,558$2,039$1,615$674
21 years$3,715$2,970$2,353$1,850$1,445$572
22 years$3,509$2,772$2,169$1,682$1,295$485
23 years$3,321$2,593$2,002$1,532$1,163$412
24 years$3,149$2,429$1,852$1,397$1,045$350
25 years$2,991$2,280$1,715$1,276$941$298
26 years$2,845$2,143$1,591$1,167$847$253
27 years$2,710$2,016$1,477$1,068$764$216
28 years$2,585$1,900$1,373$979$689$184
29 years$2,469$1,792$1,278$897$622$156
30 years$2,361$1,693$1,190$824$562$133
31 years$2,260$1,600$1,110$756$508$114
32 years$2,166$1,514$1,035$695$460$97
33 years$2,077$1,434$967$639$416$83
34 years$1,994$1,359$903$588$377$70
35 years$1,916$1,289$844$541$341$60
36 years$1,842$1,223$790$499$309$51
37 years$1,773$1,162$739$459$280$44
38 years$1,707$1,104$692$423$254$37
39 years$1,645$1,050$649$390$230$32
40 years$1,586$999$608$360$209$27
41 years$1,530$951$570$332$190$23
42 years$1,477$906$535$307$172$20
43 years$1,426$863$502$283$156$17
44 years$1,378$823$471$261$142$14
45 years$1,332$784$442$241$129$12
46 years$1,289$748$415$223$117$10
47 years$1,247$714$390$206$106$9
48 years$1,207$682$367$190$96$8
49 years$1,169$651$345$176$87$6
50 years$1,133$622$324$163$79$6

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 $2,562 every year, while hoping to spend $36,736 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: 40/41/19 Blend
44$1,160,000$1,160,000$1,160,000$1,160,000
45$1,280,963$1,219,483$1,201,503$1,324,891
46$1,372,534$1,240,151$1,202,666$1,377,180
47$1,472,215$1,260,600$1,202,637$1,429,991
48$1,580,792$1,280,781$1,201,338$1,486,362
49$1,699,135$1,300,641$1,198,684$1,546,636
50$1,828,197$1,320,123$1,194,591$1,611,193
51$1,969,030$1,339,166$1,188,967$1,680,452
52$2,122,790$1,357,704$1,181,716$1,754,875
53$2,290,751$1,375,668$1,172,739$1,834,975
54$2,474,314$1,392,982$1,161,932$1,921,317
55$2,675,022$1,409,566$1,149,185$2,014,525
56$2,894,575$1,425,335$1,134,384$2,115,289
57$3,134,843$1,440,198$1,117,407$2,224,371
58$3,397,887$1,454,058$1,098,130$2,342,613
59$3,685,975$1,466,810$1,076,421$2,470,944
60$4,001,605$1,478,345$1,052,142$2,610,391
61$4,347,529$1,488,544$1,025,149$2,762,088
62$4,726,776$1,497,282$995,291$2,927,287
63$5,142,685$1,504,426$962,410$3,107,371
64$5,598,930$1,509,834$926,342$3,303,868
65$6,099,560$1,513,355$886,914$3,518,463
66$6,649,035$1,514,830$843,946$3,753,017
67$7,252,267$1,514,087$797,248$4,009,587
68$7,914,668$1,510,946$746,625$4,290,440
69$8,642,197$1,505,216$691,870$4,598,082
70$9,441,421$1,496,692$632,768$4,935,278
71$10,319,575$1,485,158$569,095$5,305,079
72$11,284,627$1,470,386$500,615$5,710,853
73$12,345,356$1,452,133$427,083$6,156,318
74$13,511,435$1,430,140$348,243$6,645,577
75$14,793,521$1,404,136$263,828$7,183,157
76$16,203,352$1,373,831$173,559$7,774,055
77$17,753,864$1,338,919$77,143$8,423,783
78$19,459,309$1,299,076$0$9,138,424
79$21,335,387$1,253,960$0$9,929,911
80$23,399,399$1,203,206$0$10,817,456
81$25,670,405$1,146,431$0$11,793,641
82$28,169,409$1,083,229$0$12,867,548
83$30,919,551$1,013,169$0$14,049,193
84$33,946,328$935,797$0$15,349,619
85$37,277,836$850,634$0$16,781,003
86$40,945,030$757,170$0$18,356,772
87$44,982,021$654,869$0$20,091,729
88$49,426,394$543,164$0$22,002,199
89$54,319,564$421,457$0$24,106,178
90$59,707,165$289,114$0$26,423,510
91$65,639,482$145,466$0$28,976,072
92$72,171,923$0$0$31,787,983
93$79,365,547$0$0$34,890,436
94$87,287,630$0$0$38,379,533
95$96,012,310$0$0$42,222,321
96$105,621,280$0$0$46,454,808
97$116,204,560$0$0$51,116,671
98$127,861,346$0$0$56,251,634
99$140,700,948$0$0$61,907,877
100$154,843,819$0$0$68,138,492