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%11.8%
1 years$97,443$96,575$95,728$94,902$94,095$93,384
2 years$48,239$47,341$46,470$45,626$44,807$44,091
3 years$31,840$30,938$30,069$29,233$28,427$27,728
4 years$23,642$22,743$21,883$21,061$20,275$19,597
5 years$18,725$17,830$16,982$16,177$15,413$14,758
6 years$15,447$14,560$13,724$12,937$12,195$11,566
7 years$13,107$12,227$11,405$10,636$9,918$9,313
8 years$11,353$10,481$9,672$8,922$8,228$7,648
9 years$9,989$9,126$8,331$7,600$6,929$6,374
10 years$8,899$8,044$7,263$6,551$5,904$5,373
11 years$8,008$7,161$6,394$5,701$5,078$4,571
12 years$7,265$6,427$5,675$5,001$4,400$3,917
13 years$6,638$5,808$5,070$4,415$3,837$3,377
14 years$6,100$5,280$4,555$3,919$3,364$2,926
15 years$5,635$4,823$4,113$3,495$2,962$2,546
16 years$5,228$4,425$3,729$3,130$2,617$2,223
17 years$4,869$4,075$3,393$2,812$2,321$1,947
18 years$4,551$3,766$3,097$2,534$2,064$1,709
19 years$4,266$3,490$2,836$2,290$1,839$1,504
20 years$4,010$3,243$2,602$2,074$1,643$1,326
21 years$3,779$3,021$2,394$1,882$1,470$1,172
22 years$3,569$2,820$2,206$1,711$1,318$1,036
23 years$3,378$2,637$2,037$1,558$1,183$918
24 years$3,203$2,471$1,884$1,421$1,063$814
25 years$3,042$2,319$1,745$1,298$957$722
26 years$2,894$2,179$1,618$1,187$862$642
27 years$2,757$2,051$1,503$1,086$777$570
28 years$2,630$1,933$1,397$995$701$507
29 years$2,512$1,823$1,300$913$633$452
30 years$2,402$1,722$1,211$838$572$402
31 years$2,299$1,628$1,129$769$517$358
32 years$2,203$1,540$1,053$707$468$319
33 years$2,113$1,459$983$650$423$285
34 years$2,029$1,382$919$598$383$254
35 years$1,949$1,311$859$551$347$227
36 years$1,874$1,245$804$507$315$202
37 years$1,803$1,182$752$467$285$181
38 years$1,736$1,123$704$431$258$161
39 years$1,673$1,068$660$397$234$144
40 years$1,613$1,016$619$366$213$129
41 years$1,556$967$580$338$193$115
42 years$1,502$921$544$312$175$103
43 years$1,451$878$511$288$159$92
44 years$1,402$837$479$266$144$82
45 years$1,355$798$450$246$131$73
46 years$1,311$761$423$227$119$66
47 years$1,269$726$397$210$108$59
48 years$1,228$693$373$194$98$52
49 years$1,189$662$351$179$89$47
50 years$1,152$633$330$165$81$42

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 $2,957 every year, while hoping to spend $47,722 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: 46/34/20 Blend
44$1,180,000$1,180,000$1,180,000$1,180,000
45$1,303,410$1,240,870$1,222,580$1,355,786
46$1,385,582$1,250,897$1,212,761$1,402,770
47$1,474,536$1,259,816$1,201,013$1,448,728
48$1,570,914$1,267,521$1,187,222$1,497,597
49$1,675,420$1,273,903$1,171,267$1,549,672
50$1,788,831$1,278,842$1,153,022$1,605,275
51$1,911,998$1,282,212$1,132,355$1,664,769
52$2,045,862$1,283,880$1,109,128$1,728,552
53$2,191,452$1,283,703$1,083,197$1,797,067
54$2,349,906$1,281,530$1,054,410$1,870,805
55$2,522,472$1,277,200$1,022,608$1,950,308
56$2,710,525$1,270,545$987,626$2,036,180
57$2,915,579$1,261,381$949,292$2,129,088
58$3,139,299$1,249,520$907,424$2,229,769
59$3,383,517$1,234,756$861,833$2,339,042
60$3,650,252$1,216,875$812,320$2,457,812
61$3,941,725$1,195,649$758,680$2,587,081
62$4,260,381$1,170,836$700,696$2,727,958
63$4,608,913$1,142,180$638,142$2,881,670
64$4,990,285$1,109,410$570,783$3,049,575
65$5,407,762$1,072,240$498,373$3,233,174
66$5,864,939$1,030,364$420,653$3,434,129
67$6,365,773$983,463$337,356$3,654,276
68$6,914,625$931,195$248,200$3,895,645
69$7,516,296$873,203$152,893$4,160,483
70$8,176,072$809,104$51,130$4,451,270
71$8,899,779$738,498$0$4,770,751
72$9,693,832$660,959$0$5,134,220
73$10,565,295$576,038$0$5,545,206
74$11,521,952$483,261$0$5,996,561
75$12,572,377$382,127$0$6,492,451
76$13,726,013$272,105$0$7,037,476
77$14,993,265$152,636$0$7,636,708
78$16,385,593$23,131$0$8,295,747
79$17,915,623$0$0$9,020,770
80$19,597,266$0$0$9,862,379
81$21,445,845$0$0$10,797,197
82$23,478,244$0$0$11,825,126
83$25,713,062$0$0$12,955,591
84$28,170,793$0$0$14,198,979
85$30,874,014$0$0$15,566,734
86$33,847,604$0$0$17,071,462
87$37,118,969$0$0$18,727,055
88$40,718,309$0$0$20,548,820
89$44,678,897$0$0$22,553,620
90$49,037,396$0$0$24,760,038
91$53,834,202$0$0$27,188,548
92$59,113,824$0$0$29,861,710
93$64,925,306$0$0$32,804,382
94$71,322,689$0$0$36,043,955
95$78,365,517$0$0$39,610,611
96$86,119,402$0$0$43,537,606
97$94,656,643$0$0$47,861,586
98$104,056,905$0$0$52,622,930
99$114,407,969$0$0$57,866,136
100$125,806,565$0$0$63,640,231