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%14%
1 years$96,618$95,757$94,917$94,098$93,297$91,752
2 years$47,830$46,940$46,076$45,239$44,427$42,875
3 years$31,570$30,676$29,814$28,985$28,187$26,675
4 years$23,442$22,550$21,697$20,882$20,103$18,644
5 years$18,566$17,679$16,838$16,040$15,282$13,881
6 years$15,316$14,436$13,608$12,827$12,092$10,749
7 years$12,996$12,124$11,308$10,546$9,834$8,551
8 years$11,257$10,392$9,590$8,847$8,158$6,934
9 years$9,905$9,048$8,260$7,535$6,870$5,704
10 years$8,824$7,976$7,201$6,496$5,854$4,745
11 years$7,940$7,100$6,340$5,653$5,035$3,982
12 years$7,204$6,373$5,626$4,958$4,363$3,364
13 years$6,581$5,759$5,027$4,378$3,805$2,859
14 years$6,048$5,235$4,517$3,886$3,335$2,441
15 years$5,587$4,782$4,078$3,466$2,936$2,093
16 years$5,184$4,388$3,697$3,103$2,595$1,800
17 years$4,828$4,041$3,364$2,788$2,301$1,552
18 years$4,512$3,734$3,071$2,513$2,046$1,342
19 years$4,230$3,461$2,812$2,270$1,824$1,162
20 years$3,976$3,216$2,580$2,056$1,629$1,008
21 years$3,747$2,995$2,373$1,866$1,458$876
22 years$3,539$2,796$2,187$1,697$1,307$762
23 years$3,350$2,615$2,020$1,545$1,173$663
24 years$3,176$2,450$1,868$1,409$1,054$578
25 years$3,016$2,299$1,730$1,287$949$504
26 years$2,869$2,161$1,605$1,177$855$440
27 years$2,734$2,034$1,490$1,077$770$385
28 years$2,608$1,916$1,385$987$695$336
29 years$2,491$1,808$1,289$905$628$294
30 years$2,382$1,707$1,201$831$567$257
31 years$2,280$1,614$1,119$763$513$225
32 years$2,185$1,527$1,044$701$464$197
33 years$2,095$1,446$975$645$420$172
34 years$2,011$1,371$911$593$380$151
35 years$1,933$1,300$852$546$344$132
36 years$1,858$1,234$797$503$312$116
37 years$1,788$1,172$746$463$283$102
38 years$1,722$1,114$698$427$256$89
39 years$1,659$1,059$654$394$232$78
40 years$1,600$1,008$613$363$211$68
41 years$1,543$959$575$335$191$60
42 years$1,490$914$539$309$174$53
43 years$1,439$870$506$286$157$46
44 years$1,390$830$475$264$143$40
45 years$1,344$791$446$243$130$35
46 years$1,300$755$419$225$118$31
47 years$1,258$720$394$208$107$27
48 years$1,218$688$370$192$97$24
49 years$1,179$657$348$177$88$21
50 years$1,142$627$327$164$80$18

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 $3,260 every year, while hoping to spend $37,123 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: 64/6/30 Blend
44$1,170,000$1,170,000$1,170,000$1,170,000
45$1,292,703$1,230,693$1,212,558$1,364,867
46$1,385,060$1,251,498$1,213,680$1,435,017
47$1,485,593$1,272,079$1,213,595$1,507,288
48$1,595,097$1,292,384$1,212,225$1,585,473
49$1,714,447$1,312,361$1,209,484$1,670,159
50$1,844,605$1,331,951$1,205,286$1,761,995
51$1,986,631$1,351,093$1,199,539$1,861,696
52$2,141,690$1,369,719$1,192,147$1,970,051
53$2,311,067$1,387,760$1,183,008$2,087,928
54$2,496,175$1,405,139$1,172,017$2,216,288
55$2,698,568$1,421,774$1,159,064$2,356,187
56$2,919,961$1,437,580$1,144,031$2,508,794
57$3,162,240$1,452,464$1,126,799$2,675,395
58$3,427,481$1,466,327$1,107,239$2,857,409
59$3,717,971$1,479,065$1,085,219$3,056,402
60$4,036,229$1,490,564$1,060,599$3,274,099
61$4,385,029$1,500,706$1,033,233$3,512,404
62$4,767,425$1,509,364$1,002,970$3,773,418
63$5,186,782$1,516,402$969,649$4,059,453
64$5,646,805$1,521,678$933,104$4,373,065
65$6,151,577$1,525,037$893,160$4,717,067
66$6,705,592$1,526,318$849,635$5,094,564
67$7,313,803$1,525,349$802,339$5,508,979
68$7,981,665$1,521,945$751,071$5,964,086
69$8,715,188$1,515,913$695,625$6,464,047
70$9,520,991$1,507,047$635,782$7,013,450
71$10,406,366$1,495,126$571,316$7,617,354
72$11,379,349$1,479,921$501,988$8,281,339
73$12,448,788$1,461,183$427,550$9,011,553
74$13,624,436$1,438,653$347,745$9,814,777
75$14,917,036$1,412,053$262,301$10,698,488
76$16,338,422$1,381,092$170,937$11,670,926
77$17,901,634$1,345,459$73,356$12,741,178
78$19,621,040$1,304,826$0$13,919,260
79$21,512,469$1,258,845$0$15,226,069
80$23,593,361$1,207,149$0$16,689,624
81$25,882,933$1,149,348$0$18,299,948
82$28,402,357$1,085,031$0$20,071,945
83$31,174,962$1,013,762$0$22,022,042
84$34,226,453$935,081$0$24,168,337
85$37,585,153$848,502$0$26,530,774
86$41,282,270$753,510$0$29,131,332
87$45,352,191$649,562$0$31,994,226
88$49,832,807$536,083$0$35,146,144
89$54,765,868$412,466$0$38,616,492
90$60,197,380$278,070$0$42,437,675
91$66,178,036$132,219$0$46,645,404
92$72,763,696$0$0$51,279,027
93$80,015,911$0$0$56,383,613
94$88,002,507$0$0$62,014,824
95$96,798,222$0$0$68,216,641
96$106,485,414$0$0$75,047,148
97$117,154,833$0$0$82,570,347
98$128,906,481$0$0$90,856,766
99$141,850,556$0$0$99,984,124
100$156,108,489$0$0$110,038,061