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%11.6%
1 years$95,792$94,938$94,106$93,293$92,500$91,879
2 years$47,422$46,538$45,683$44,853$44,048$43,421
3 years$31,300$30,413$29,560$28,738$27,946$27,333
4 years$23,241$22,357$21,512$20,704$19,931$19,337
5 years$18,407$17,528$16,694$15,902$15,151$14,578
6 years$15,185$14,313$13,491$12,717$11,989$11,437
7 years$12,885$12,020$11,211$10,456$9,750$9,220
8 years$11,161$10,303$9,508$8,771$8,089$7,580
9 years$9,820$8,971$8,189$7,471$6,812$6,324
10 years$8,748$7,908$7,140$6,440$5,804$5,338
11 years$7,872$7,040$6,286$5,605$4,992$4,546
12 years$7,142$6,318$5,578$4,916$4,326$3,901
13 years$6,525$5,710$4,984$4,340$3,772$3,367
14 years$5,997$5,190$4,478$3,853$3,307$2,921
15 years$5,539$4,741$4,043$3,436$2,911$2,545
16 years$5,139$4,350$3,666$3,077$2,573$2,225
17 years$4,787$4,006$3,336$2,764$2,281$1,952
18 years$4,474$3,702$3,045$2,491$2,029$1,716
19 years$4,194$3,431$2,788$2,251$1,808$1,512
20 years$3,942$3,188$2,558$2,039$1,615$1,336
21 years$3,715$2,970$2,353$1,850$1,445$1,181
22 years$3,509$2,772$2,169$1,682$1,295$1,046
23 years$3,321$2,593$2,002$1,532$1,163$928
24 years$3,149$2,429$1,852$1,397$1,045$824
25 years$2,991$2,280$1,715$1,276$941$733
26 years$2,845$2,143$1,591$1,167$847$652
27 years$2,710$2,016$1,477$1,068$764$580
28 years$2,585$1,900$1,373$979$689$517
29 years$2,469$1,792$1,278$897$622$461
30 years$2,361$1,693$1,190$824$562$411
31 years$2,260$1,600$1,110$756$508$367
32 years$2,166$1,514$1,035$695$460$328
33 years$2,077$1,434$967$639$416$293
34 years$1,994$1,359$903$588$377$262
35 years$1,916$1,289$844$541$341$234
36 years$1,842$1,223$790$499$309$209
37 years$1,773$1,162$739$459$280$187
38 years$1,707$1,104$692$423$254$167
39 years$1,645$1,050$649$390$230$150
40 years$1,586$999$608$360$209$134
41 years$1,530$951$570$332$190$120
42 years$1,477$906$535$307$172$107
43 years$1,426$863$502$283$156$96
44 years$1,378$823$471$261$142$86
45 years$1,332$784$442$241$129$77
46 years$1,289$748$415$223$117$69
47 years$1,247$714$390$206$106$62
48 years$1,207$682$367$190$96$55
49 years$1,169$651$345$176$87$49
50 years$1,133$622$324$163$79$44

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 $3,627 every year, while hoping to spend $39,140 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: 34/46/20 Blend
44$1,160,000$1,160,000$1,160,000$1,160,000
45$1,282,061$1,220,581$1,202,601$1,317,681
46$1,371,187$1,238,745$1,201,244$1,362,459
47$1,468,091$1,256,487$1,198,529$1,406,852
48$1,573,527$1,273,745$1,194,370$1,453,911
49$1,688,322$1,290,454$1,188,676$1,503,897
50$1,813,385$1,306,541$1,181,352$1,557,096
51$1,949,721$1,321,931$1,172,297$1,613,828
52$2,098,430$1,336,544$1,161,407$1,674,445
53$2,260,728$1,350,292$1,148,572$1,739,337
54$2,437,950$1,363,085$1,133,677$1,808,937
55$2,631,568$1,374,823$1,116,602$1,883,723
56$2,843,200$1,385,402$1,097,221$1,964,227
57$3,074,631$1,394,710$1,075,402$2,051,036
58$3,327,822$1,402,630$1,051,006$2,144,798
59$3,604,935$1,409,034$1,023,890$2,246,234
60$3,908,350$1,413,789$993,903$2,356,139
61$4,240,689$1,416,752$960,886$2,475,395
62$4,604,838$1,417,771$924,674$2,604,974
63$5,003,975$1,416,685$885,094$2,745,955
64$5,441,602$1,413,324$841,966$2,899,531
65$5,921,574$1,407,505$795,100$3,067,019
66$6,448,138$1,399,037$744,300$3,249,876
67$7,025,973$1,387,714$689,358$3,449,715
68$7,660,230$1,373,321$630,060$3,668,317
69$8,356,587$1,355,626$566,181$3,907,652
70$9,121,295$1,334,388$497,484$4,169,896
71$9,961,242$1,309,348$423,724$4,457,455
72$10,884,015$1,280,232$344,645$4,772,986
73$11,897,972$1,246,752$259,979$5,119,427
74$13,012,323$1,208,600$169,446$5,500,023
75$14,237,211$1,165,453$72,754$5,918,357
76$15,583,813$1,116,967$0$6,378,390
77$17,064,443$1,062,779$0$6,890,987
78$18,692,666$1,002,504$0$7,471,475
79$20,483,428$935,738$0$8,109,715
80$22,453,198$862,049$0$8,811,669
81$24,620,118$780,984$0$9,583,916
82$27,004,181$692,062$0$10,433,714
83$29,627,411$594,777$0$11,369,070
84$32,514,078$488,593$0$12,398,818
85$35,690,923$372,942$0$13,532,703
86$39,187,408$247,227$0$14,781,476
87$43,035,999$110,817$0$16,156,996
88$47,272,468$0$0$17,672,342
89$51,936,231$0$0$19,360,649
90$57,070,720$0$0$21,281,326
91$62,723,792$0$0$23,396,208
92$68,948,181$0$0$25,725,050
93$75,801,994$0$0$28,289,621
94$83,349,261$0$0$31,113,907
95$91,660,536$0$0$34,224,340
96$100,813,565$0$0$37,650,048
97$110,894,019$0$0$41,423,125
98$121,996,299$0$0$45,578,938
99$134,224,430$0$0$50,156,459
100$147,693,044$0$0$55,198,634