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%14.1%
1 years$95,792$94,938$94,106$93,293$92,500$90,930
2 years$47,422$46,538$45,683$44,853$44,048$42,471
3 years$31,300$30,413$29,560$28,738$27,946$26,411
4 years$23,241$22,357$21,512$20,704$19,931$18,451
5 years$18,407$17,528$16,694$15,902$15,151$13,729
6 years$15,185$14,313$13,491$12,717$11,989$10,626
7 years$12,885$12,020$11,211$10,456$9,750$8,448
8 years$11,161$10,303$9,508$8,771$8,089$6,846
9 years$9,820$8,971$8,189$7,471$6,812$5,629
10 years$8,748$7,908$7,140$6,440$5,804$4,679
11 years$7,872$7,040$6,286$5,605$4,992$3,924
12 years$7,142$6,318$5,578$4,916$4,326$3,314
13 years$6,525$5,710$4,984$4,340$3,772$2,815
14 years$5,997$5,190$4,478$3,853$3,307$2,402
15 years$5,539$4,741$4,043$3,436$2,911$2,057
16 years$5,139$4,350$3,666$3,077$2,573$1,768
17 years$4,787$4,006$3,336$2,764$2,281$1,523
18 years$4,474$3,702$3,045$2,491$2,029$1,316
19 years$4,194$3,431$2,788$2,251$1,808$1,139
20 years$3,942$3,188$2,558$2,039$1,615$987
21 years$3,715$2,970$2,353$1,850$1,445$857
22 years$3,509$2,772$2,169$1,682$1,295$745
23 years$3,321$2,593$2,002$1,532$1,163$648
24 years$3,149$2,429$1,852$1,397$1,045$565
25 years$2,991$2,280$1,715$1,276$941$492
26 years$2,845$2,143$1,591$1,167$847$429
27 years$2,710$2,016$1,477$1,068$764$375
28 years$2,585$1,900$1,373$979$689$327
29 years$2,469$1,792$1,278$897$622$286
30 years$2,361$1,693$1,190$824$562$250
31 years$2,260$1,600$1,110$756$508$218
32 years$2,166$1,514$1,035$695$460$191
33 years$2,077$1,434$967$639$416$167
34 years$1,994$1,359$903$588$377$146
35 years$1,916$1,289$844$541$341$128
36 years$1,842$1,223$790$499$309$112
37 years$1,773$1,162$739$459$280$98
38 years$1,707$1,104$692$423$254$86
39 years$1,645$1,050$649$390$230$75
40 years$1,586$999$608$360$209$66
41 years$1,530$951$570$332$190$58
42 years$1,477$906$535$307$172$51
43 years$1,426$863$502$283$156$44
44 years$1,378$823$471$261$142$39
45 years$1,332$784$442$241$129$34
46 years$1,289$748$415$223$117$30
47 years$1,247$714$390$206$106$26
48 years$1,207$682$367$190$96$23
49 years$1,169$651$345$176$87$20
50 years$1,133$622$324$163$79$18

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 $3,132 every year, while hoping to spend $58,329 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: 72/8/20 Blend
44$1,160,000$1,160,000$1,160,000$1,160,000
45$1,281,551$1,220,071$1,202,091$1,367,422
46$1,350,207$1,217,793$1,180,299$1,422,690
47$1,423,912$1,213,448$1,155,823$1,475,911
48$1,503,118$1,206,874$1,128,510$1,532,728
49$1,588,323$1,197,897$1,098,202$1,593,490
50$1,680,073$1,186,336$1,064,733$1,658,581
51$1,778,969$1,171,994$1,027,929$1,728,424
52$1,885,669$1,154,667$987,610$1,803,488
53$2,000,897$1,134,137$943,586$1,884,290
54$2,125,450$1,110,171$895,657$1,971,401
55$2,260,203$1,082,525$843,618$2,065,453
56$2,406,115$1,050,941$787,251$2,167,142
57$2,564,245$1,015,143$726,330$2,277,235
58$2,735,754$974,841$660,618$2,396,584
59$2,921,921$929,728$589,869$2,526,125
60$3,124,151$879,479$513,824$2,666,893
61$3,343,990$823,750$432,213$2,820,030
62$3,583,140$762,177$344,755$2,986,799
63$3,843,473$694,376$251,157$3,168,590
64$4,127,047$619,940$151,111$3,366,942
65$4,436,130$538,441$44,296$3,583,549
66$4,773,215$449,424$0$3,820,285
67$5,141,047$352,410$0$4,094,088
68$5,542,648$246,893$0$4,403,420
69$5,981,346$132,338$0$4,741,412
70$6,460,800$8,180$0$5,110,922
71$6,985,044$0$0$5,515,098
72$7,558,516$0$0$5,968,517
73$8,186,104$0$0$6,465,565
74$8,873,188$0$0$7,009,793
75$9,625,697$0$0$7,605,901
76$10,450,156$0$0$8,259,067
77$11,353,753$0$0$8,974,993
78$12,344,404$0$0$9,759,959
79$13,430,827$0$0$10,620,881
80$14,622,625$0$0$11,565,378
81$15,930,375$0$0$12,601,840
82$17,365,727$0$0$13,739,510
83$18,941,514$0$0$14,988,569
84$20,671,873$0$0$16,360,232
85$22,572,375$0$0$17,866,855
86$24,660,176$0$0$19,522,046
87$26,954,173$0$0$21,340,799
88$29,475,185$0$0$23,339,631
89$32,246,149$0$0$25,536,739
90$35,292,333$0$0$27,952,171
91$38,641,576$0$0$30,608,013
92$42,324,548$0$0$33,528,600
93$46,375,042$0$0$36,740,742
94$50,830,287$0$0$40,273,977
95$55,731,305$0$0$44,160,852
96$61,123,291$0$0$48,437,223
97$67,056,043$0$0$53,142,602
98$73,584,428$0$0$58,320,520
99$80,768,901$0$0$64,018,943
100$88,676,075$0$0$70,290,721