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%15.6%
1 years$97,443$96,575$95,728$94,902$94,095$91,932
2 years$48,239$47,341$46,470$45,626$44,807$42,640
3 years$31,840$30,938$30,069$29,233$28,427$26,324
4 years$23,642$22,743$21,883$21,061$20,275$18,251
5 years$18,725$17,830$16,982$16,177$15,413$13,474
6 years$15,447$14,560$13,724$12,937$12,195$10,344
7 years$13,107$12,227$11,405$10,636$9,918$8,155
8 years$11,353$10,481$9,672$8,922$8,228$6,551
9 years$9,989$9,126$8,331$7,600$6,929$5,338
10 years$8,899$8,044$7,263$6,551$5,904$4,397
11 years$8,008$7,161$6,394$5,701$5,078$3,652
12 years$7,265$6,427$5,675$5,001$4,400$3,055
13 years$6,638$5,808$5,070$4,415$3,837$2,569
14 years$6,100$5,280$4,555$3,919$3,364$2,170
15 years$5,635$4,823$4,113$3,495$2,962$1,839
16 years$5,228$4,425$3,729$3,130$2,617$1,564
17 years$4,869$4,075$3,393$2,812$2,321$1,333
18 years$4,551$3,766$3,097$2,534$2,064$1,139
19 years$4,266$3,490$2,836$2,290$1,839$975
20 years$4,010$3,243$2,602$2,074$1,643$836
21 years$3,779$3,021$2,394$1,882$1,470$717
22 years$3,569$2,820$2,206$1,711$1,318$616
23 years$3,378$2,637$2,037$1,558$1,183$530
24 years$3,203$2,471$1,884$1,421$1,063$456
25 years$3,042$2,319$1,745$1,298$957$393
26 years$2,894$2,179$1,618$1,187$862$339
27 years$2,757$2,051$1,503$1,086$777$292
28 years$2,630$1,933$1,397$995$701$252
29 years$2,512$1,823$1,300$913$633$217
30 years$2,402$1,722$1,211$838$572$188
31 years$2,299$1,628$1,129$769$517$162
32 years$2,203$1,540$1,053$707$468$140
33 years$2,113$1,459$983$650$423$121
34 years$2,029$1,382$919$598$383$105
35 years$1,949$1,311$859$551$347$90
36 years$1,874$1,245$804$507$315$78
37 years$1,803$1,182$752$467$285$67
38 years$1,736$1,123$704$431$258$58
39 years$1,673$1,068$660$397$234$50
40 years$1,613$1,016$619$366$213$44
41 years$1,556$967$580$338$193$38
42 years$1,502$921$544$312$175$33
43 years$1,451$878$511$288$159$28
44 years$1,402$837$479$266$144$24
45 years$1,355$798$450$246$131$21
46 years$1,311$761$423$227$119$18
47 years$1,269$726$397$210$108$16
48 years$1,228$693$373$194$98$14
49 years$1,189$662$351$179$89$12
50 years$1,152$633$330$165$81$10

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 $3,952 every year, while hoping to spend $55,701 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: 70/13/17 Blend
44$1,180,000$1,180,000$1,180,000$1,180,000
45$1,304,436$1,241,896$1,223,606$1,390,241
46$1,378,224$1,243,484$1,205,332$1,449,453
47$1,457,670$1,243,282$1,184,578$1,507,220
48$1,543,294$1,241,145$1,161,204$1,569,033
49$1,635,666$1,236,917$1,135,060$1,635,285
50$1,735,411$1,230,433$1,105,991$1,706,407
51$1,843,216$1,221,517$1,073,835$1,782,879
52$1,959,838$1,209,985$1,038,422$1,865,228
53$2,086,106$1,195,639$999,574$1,954,037
54$2,222,934$1,178,271$957,105$2,049,950
55$2,371,326$1,157,659$910,820$2,153,676
56$2,532,386$1,133,568$860,517$2,266,001
57$2,707,328$1,105,752$805,984$2,387,789
58$2,897,489$1,073,947$746,997$2,519,997
59$3,104,337$1,037,875$683,326$2,663,680
60$3,329,490$997,242$614,728$2,820,003
61$3,574,726$951,735$540,950$2,990,251
62$3,842,005$901,026$461,728$3,175,843
63$4,133,479$844,766$376,786$3,378,346
64$4,451,520$782,587$285,835$3,599,489
65$4,798,740$714,097$188,574$3,841,178
66$5,178,010$638,887$84,691$4,105,519
67$5,592,494$556,520$0$4,394,837
68$6,045,676$466,536$0$4,716,441
69$6,541,388$368,450$0$5,085,117
70$7,083,853$261,748$0$5,488,672
71$7,677,720$145,887$0$5,930,619
72$8,328,107$20,296$0$6,414,827
73$9,040,653$0$0$6,945,563
74$9,821,565$0$0$7,544,069
75$10,677,682$0$0$8,203,461
76$11,616,533$0$0$8,926,642
77$12,646,414$0$0$9,720,010
78$13,776,460$0$0$10,590,611
79$15,016,734$0$0$11,546,207
80$16,378,321$0$0$12,595,347
81$17,873,431$0$0$13,747,450
82$19,515,514$0$0$15,012,890
83$21,319,389$0$0$16,403,095
84$23,301,377$0$0$17,930,656
85$25,479,462$0$0$19,609,444
86$27,873,453$0$0$21,454,739
87$30,505,177$0$0$23,483,375
88$33,398,679$0$0$25,713,900
89$36,580,450$0$0$28,166,748
90$40,079,677$0$0$30,864,432
91$43,928,518$0$0$33,831,758
92$48,162,404$0$0$37,096,054
93$52,820,371$0$0$40,687,433
94$57,945,430$0$0$44,639,071
95$63,584,974$0$0$48,987,523
96$69,791,217$0$0$53,773,069
97$76,621,696$0$0$59,040,088
98$84,139,805$0$0$64,837,482
99$92,415,395$0$0$71,219,131
100$101,525,436$0$0$78,244,408