Can I retire at age 45 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$96,618$95,757$94,917$94,098$93,297$90,059
2 years$47,830$46,940$46,076$45,239$44,427$41,198
3 years$31,570$30,676$29,814$28,985$28,187$25,068
4 years$23,442$22,550$21,697$20,882$20,103$17,119
5 years$18,566$17,679$16,838$16,040$15,282$12,440
6 years$15,316$14,436$13,608$12,827$12,092$9,395
7 years$12,996$12,124$11,308$10,546$9,834$7,281
8 years$11,257$10,392$9,590$8,847$8,158$5,747
9 years$9,905$9,048$8,260$7,535$6,870$4,599
10 years$8,824$7,976$7,201$6,496$5,854$3,717
11 years$7,940$7,100$6,340$5,653$5,035$3,029
12 years$7,204$6,373$5,626$4,958$4,363$2,483
13 years$6,581$5,759$5,027$4,378$3,805$2,046
14 years$6,048$5,235$4,517$3,886$3,335$1,693
15 years$5,587$4,782$4,078$3,466$2,936$1,405
16 years$5,184$4,388$3,697$3,103$2,595$1,169
17 years$4,828$4,041$3,364$2,788$2,301$975
18 years$4,512$3,734$3,071$2,513$2,046$815
19 years$4,230$3,461$2,812$2,270$1,824$682
20 years$3,976$3,216$2,580$2,056$1,629$571
21 years$3,747$2,995$2,373$1,866$1,458$479
22 years$3,539$2,796$2,187$1,697$1,307$402
23 years$3,350$2,615$2,020$1,545$1,173$338
24 years$3,176$2,450$1,868$1,409$1,054$284
25 years$3,016$2,299$1,730$1,287$949$239
26 years$2,869$2,161$1,605$1,177$855$201
27 years$2,734$2,034$1,490$1,077$770$169
28 years$2,608$1,916$1,385$987$695$142
29 years$2,491$1,808$1,289$905$628$120
30 years$2,382$1,707$1,201$831$567$101
31 years$2,280$1,614$1,119$763$513$85
32 years$2,185$1,527$1,044$701$464$72
33 years$2,095$1,446$975$645$420$60
34 years$2,011$1,371$911$593$380$51
35 years$1,933$1,300$852$546$344$43
36 years$1,858$1,234$797$503$312$36
37 years$1,788$1,172$746$463$283$30
38 years$1,722$1,114$698$427$256$26
39 years$1,659$1,059$654$394$232$22
40 years$1,600$1,008$613$363$211$18
41 years$1,543$959$575$335$191$15
42 years$1,490$914$539$309$174$13
43 years$1,439$870$506$286$157$11
44 years$1,390$830$475$264$143$9
45 years$1,344$791$446$243$130$8
46 years$1,300$755$419$225$118$7
47 years$1,258$720$394$208$107$6
48 years$1,218$688$370$192$97$5
49 years$1,179$657$348$177$88$4
50 years$1,142$627$327$164$80$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,170,000, adding $6,978 every year, while hoping to spend $58,583 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: 33/39/28 Blend
44$1,170,000$1,170,000$1,170,000$1,170,000
45$1,296,538$1,234,528$1,216,393$1,328,109
46$1,366,453$1,232,688$1,194,810$1,350,857
47$1,441,536$1,228,794$1,170,541$1,369,668
48$1,522,252$1,222,685$1,143,433$1,388,803
49$1,609,112$1,214,186$1,113,329$1,408,332
50$1,702,676$1,203,117$1,080,061$1,428,336
51$1,803,562$1,189,282$1,043,455$1,448,909
52$1,912,445$1,172,477$1,003,331$1,470,162
53$2,030,069$1,152,483$959,497$1,492,220
54$2,157,252$1,129,070$911,756$1,515,229
55$2,294,890$1,101,993$859,898$1,539,355
56$2,443,972$1,070,994$803,708$1,564,789
57$2,605,583$1,035,799$742,958$1,591,748
58$2,780,917$996,117$677,411$1,620,479
59$2,971,286$951,642$606,820$1,651,263
60$3,178,134$902,049$530,925$1,684,417
61$3,403,049$846,996$449,457$1,720,300
62$3,647,780$786,118$362,133$1,759,317
63$3,914,248$719,032$268,659$1,801,926
64$4,204,569$645,332$168,727$1,848,642
65$4,521,071$564,590$62,016$1,900,042
66$4,866,317$476,352$0$1,956,776
67$5,243,128$380,139$0$2,035,068
68$5,654,607$275,446$0$2,141,020
69$6,104,172$161,738$0$2,257,107
70$6,595,586$38,452$0$2,384,467
71$7,132,992$0$0$2,524,360
72$7,720,949$0$0$2,718,962
73$8,364,480$0$0$2,950,190
74$9,069,115$0$0$3,203,551
75$9,840,944$0$0$3,481,257
76$10,686,673$0$0$3,785,744
77$11,613,688$0$0$4,119,694
78$12,630,123$0$0$4,486,063
79$13,744,937$0$0$4,888,106
80$14,967,999$0$0$5,329,407
81$16,310,177$0$0$5,813,917
82$17,783,443$0$0$6,345,986
83$19,400,986$0$0$6,930,405
84$21,177,332$0$0$7,572,455
85$23,128,486$0$0$8,277,952
86$25,272,075$0$0$9,053,301
87$27,627,522$0$0$9,905,563
88$30,216,222$0$0$10,842,514
89$33,061,746$0$0$11,872,721
90$36,190,063$0$0$13,005,623
91$39,629,783$0$0$14,251,621
92$43,412,427$0$0$15,622,173
93$47,572,723$0$0$17,129,903
94$52,148,935$0$0$18,788,721
95$57,183,220$0$0$20,613,952
96$62,722,027$0$0$22,622,484
97$68,816,535$0$0$24,832,922
98$75,523,135$0$0$27,265,768
99$82,903,958$0$0$29,943,610
100$91,027,465$0$0$32,891,339