Can I retire at age 45 with 1,180,000?

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 $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$97,443$96,575$95,728$94,902$94,095$90,901
2 years$48,239$47,341$46,470$45,626$44,807$41,621
3 years$31,840$30,938$30,069$29,233$28,427$25,350
4 years$23,642$22,743$21,883$21,061$20,275$17,329
5 years$18,725$17,830$16,982$16,177$15,413$12,606
6 years$15,447$14,560$13,724$12,937$12,195$9,531
7 years$13,107$12,227$11,405$10,636$9,918$7,395
8 years$11,353$10,481$9,672$8,922$8,228$5,844
9 years$9,989$9,126$8,331$7,600$6,929$4,682
10 years$8,899$8,044$7,263$6,551$5,904$3,789
11 years$8,008$7,161$6,394$5,701$5,078$3,092
12 years$7,265$6,427$5,675$5,001$4,400$2,538
13 years$6,638$5,808$5,070$4,415$3,837$2,094
14 years$6,100$5,280$4,555$3,919$3,364$1,735
15 years$5,635$4,823$4,113$3,495$2,962$1,442
16 years$5,228$4,425$3,729$3,130$2,617$1,202
17 years$4,869$4,075$3,393$2,812$2,321$1,004
18 years$4,551$3,766$3,097$2,534$2,064$840
19 years$4,266$3,490$2,836$2,290$1,839$704
20 years$4,010$3,243$2,602$2,074$1,643$591
21 years$3,779$3,021$2,394$1,882$1,470$496
22 years$3,569$2,820$2,206$1,711$1,318$417
23 years$3,378$2,637$2,037$1,558$1,183$351
24 years$3,203$2,471$1,884$1,421$1,063$295
25 years$3,042$2,319$1,745$1,298$957$249
26 years$2,894$2,179$1,618$1,187$862$210
27 years$2,757$2,051$1,503$1,086$777$177
28 years$2,630$1,933$1,397$995$701$149
29 years$2,512$1,823$1,300$913$633$126
30 years$2,402$1,722$1,211$838$572$106
31 years$2,299$1,628$1,129$769$517$89
32 years$2,203$1,540$1,053$707$468$76
33 years$2,113$1,459$983$650$423$64
34 years$2,029$1,382$919$598$383$54
35 years$1,949$1,311$859$551$347$45
36 years$1,874$1,245$804$507$315$38
37 years$1,803$1,182$752$467$285$32
38 years$1,736$1,123$704$431$258$27
39 years$1,673$1,068$660$397$234$23
40 years$1,613$1,016$619$366$213$19
41 years$1,556$967$580$338$193$16
42 years$1,502$921$544$312$175$14
43 years$1,451$878$511$288$159$12
44 years$1,402$837$479$266$144$10
45 years$1,355$798$450$246$131$8
46 years$1,311$761$423$227$119$7
47 years$1,269$726$397$210$108$6
48 years$1,228$693$373$194$98$5
49 years$1,189$662$351$179$89$4
50 years$1,152$633$330$165$81$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,180,000, adding $6,458 every year, while hoping to spend $29,652 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: 31/48/21 Blend
44$1,180,000$1,180,000$1,180,000$1,180,000
45$1,307,021$1,244,481$1,226,191$1,338,838
46$1,408,788$1,273,912$1,235,719$1,392,866
47$1,519,941$1,303,790$1,244,573$1,447,866
48$1,641,407$1,334,107$1,252,697$1,506,453
49$1,774,204$1,364,853$1,260,037$1,568,959
50$1,919,457$1,396,014$1,266,532$1,635,748
51$2,078,400$1,427,577$1,272,119$1,707,221
52$2,252,394$1,459,526$1,276,733$1,783,822
53$2,442,939$1,491,844$1,280,304$1,866,038
54$2,651,685$1,524,510$1,282,760$1,954,408
55$2,880,450$1,557,503$1,284,025$2,049,525
56$3,131,234$1,590,800$1,284,019$2,152,043
57$3,406,243$1,624,372$1,282,657$2,262,685
58$3,707,906$1,658,192$1,279,851$2,382,246
59$4,038,896$1,692,227$1,275,510$2,511,604
60$4,402,159$1,726,442$1,269,536$2,651,726
61$4,800,942$1,760,800$1,261,827$2,803,680
62$5,238,817$1,795,259$1,252,278$2,968,644
63$5,719,724$1,829,774$1,240,777$3,147,915
64$6,248,000$1,864,297$1,227,206$3,342,927
65$6,828,422$1,898,774$1,211,445$3,555,258
66$7,466,257$1,933,149$1,193,363$3,786,651
67$8,167,302$1,967,361$1,172,828$4,039,026
68$8,937,948$2,001,343$1,149,699$4,314,504
69$9,785,234$2,035,023$1,123,829$4,615,420
70$10,716,914$2,068,326$1,095,064$4,944,353
71$11,741,535$2,101,169$1,063,244$5,304,144
72$12,868,508$2,133,464$1,028,199$5,697,930
73$14,108,207$2,165,114$989,755$6,129,167
74$15,472,059$2,196,020$947,727$6,601,669
75$16,972,656$2,226,072$901,922$7,119,641
76$18,623,871$2,255,153$852,141$7,687,719
77$20,440,989$2,283,139$798,171$8,311,019
78$22,440,855$2,309,898$739,795$8,995,178
79$24,642,025$2,335,286$676,781$9,746,416
80$27,064,950$2,359,153$608,891$10,571,590
81$29,732,160$2,381,337$535,874$11,478,263
82$32,668,483$2,401,665$457,469$12,474,771
83$35,901,276$2,419,954$373,401$13,570,310
84$39,460,682$2,436,008$283,387$14,775,017
85$43,379,919$2,449,620$187,127$16,100,069
86$47,695,587$2,460,567$84,312$17,557,792
87$52,448,016$2,468,615$0$19,161,775
88$57,681,649$2,473,512$0$20,932,694
89$63,445,457$2,474,993$0$22,901,906
90$69,793,401$2,472,776$0$25,068,790
91$76,784,946$2,466,560$0$27,453,509
92$84,485,616$2,456,027$0$30,078,287
93$92,967,616$2,440,839$0$32,967,619
94$102,310,510$2,420,637$0$36,148,506
95$112,601,975$2,395,042$0$39,650,707
96$123,938,628$2,363,650$0$43,507,024
97$136,426,933$2,326,034$0$47,753,613
98$150,184,212$2,281,742$0$52,430,324
99$165,339,749$2,230,295$0$57,581,081
100$182,036,007$2,171,183$0$63,254,297