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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.3%
1 years$97,443$96,575$95,728$94,902$94,095$92,045
2 years$48,239$47,341$46,470$45,626$44,807$42,752
3 years$31,840$30,938$30,069$29,233$28,427$26,431
4 years$23,642$22,743$21,883$21,061$20,275$18,353
5 years$18,725$17,830$16,982$16,177$15,413$13,571
6 years$15,447$14,560$13,724$12,937$12,195$10,436
7 years$13,107$12,227$11,405$10,636$9,918$8,241
8 years$11,353$10,481$9,672$8,922$8,228$6,632
9 years$9,989$9,126$8,331$7,600$6,929$5,414
10 years$8,899$8,044$7,263$6,551$5,904$4,467
11 years$8,008$7,161$6,394$5,701$5,078$3,718
12 years$7,265$6,427$5,675$5,001$4,400$3,116
13 years$6,638$5,808$5,070$4,415$3,837$2,625
14 years$6,100$5,280$4,555$3,919$3,364$2,222
15 years$5,635$4,823$4,113$3,495$2,962$1,887
16 years$5,228$4,425$3,729$3,130$2,617$1,608
17 years$4,869$4,075$3,393$2,812$2,321$1,374
18 years$4,551$3,766$3,097$2,534$2,064$1,177
19 years$4,266$3,490$2,836$2,290$1,839$1,009
20 years$4,010$3,243$2,602$2,074$1,643$867
21 years$3,779$3,021$2,394$1,882$1,470$746
22 years$3,569$2,820$2,206$1,711$1,318$642
23 years$3,378$2,637$2,037$1,558$1,183$554
24 years$3,203$2,471$1,884$1,421$1,063$478
25 years$3,042$2,319$1,745$1,298$957$413
26 years$2,894$2,179$1,618$1,187$862$356
27 years$2,757$2,051$1,503$1,086$777$308
28 years$2,630$1,933$1,397$995$701$266
29 years$2,512$1,823$1,300$913$633$231
30 years$2,402$1,722$1,211$838$572$199
31 years$2,299$1,628$1,129$769$517$173
32 years$2,203$1,540$1,053$707$468$150
33 years$2,113$1,459$983$650$423$130
34 years$2,029$1,382$919$598$383$112
35 years$1,949$1,311$859$551$347$97
36 years$1,874$1,245$804$507$315$84
37 years$1,803$1,182$752$467$285$73
38 years$1,736$1,123$704$431$258$63
39 years$1,673$1,068$660$397$234$55
40 years$1,613$1,016$619$366$213$48
41 years$1,556$967$580$338$193$41
42 years$1,502$921$544$312$175$36
43 years$1,451$878$511$288$159$31
44 years$1,402$837$479$266$144$27
45 years$1,355$798$450$246$131$23
46 years$1,311$761$423$227$119$20
47 years$1,269$726$397$210$108$18
48 years$1,228$693$373$194$98$15
49 years$1,189$662$351$179$89$13
50 years$1,152$633$330$165$81$11

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 $6,155 every year, while hoping to spend $45,808 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: 39/42/19 Blend
44$1,180,000$1,180,000$1,180,000$1,180,000
45$1,306,709$1,244,169$1,225,879$1,350,049
46$1,391,254$1,256,394$1,218,206$1,393,940
47$1,482,887$1,267,682$1,208,742$1,436,540
48$1,582,283$1,277,941$1,197,376$1,481,652
49$1,690,184$1,287,068$1,183,997$1,529,528
50$1,807,406$1,294,957$1,168,484$1,580,450
51$1,934,847$1,301,495$1,150,713$1,634,729
52$2,073,493$1,306,561$1,130,554$1,692,709
53$2,224,433$1,310,025$1,107,871$1,754,775
54$2,388,860$1,311,752$1,082,520$1,821,353
55$2,568,092$1,311,596$1,054,352$1,892,914
56$2,763,576$1,309,402$1,023,211$1,969,983
57$2,976,905$1,305,007$988,933$2,053,141
58$3,209,834$1,298,238$951,348$2,143,030
59$3,464,295$1,288,909$910,275$2,240,366
60$3,742,413$1,276,826$865,530$2,345,938
61$4,046,529$1,261,780$816,915$2,460,624
62$4,379,220$1,243,553$764,227$2,585,395
63$4,743,324$1,221,910$707,252$2,721,324
64$5,141,966$1,196,606$645,767$2,869,604
65$5,578,585$1,167,379$579,539$3,031,552
66$6,056,973$1,133,952$508,325$3,208,627
67$6,581,301$1,096,032$431,871$3,402,443
68$7,156,165$1,053,310$349,911$3,614,788
69$7,786,629$1,005,457$262,167$3,847,639
70$8,478,266$952,126$168,351$4,103,181
71$9,237,219$892,949$68,161$4,383,834
72$10,070,251$827,540$0$4,692,271
73$10,984,814$755,486$0$5,039,308
74$11,989,115$676,356$0$5,435,613
75$13,092,197$589,688$0$5,871,037
76$14,304,018$495,001$0$6,349,647
77$15,635,553$391,781$0$6,875,933
78$17,098,889$279,487$0$7,454,850
79$18,707,343$157,549$0$8,091,871
80$20,475,586$25,364$0$8,793,035
81$22,419,784$0$0$9,565,008
82$24,557,744$0$0$10,469,545
83$26,909,087$0$0$11,477,432
84$29,495,430$0$0$12,586,232
85$32,340,591$0$0$13,806,181
86$35,470,812$0$0$15,148,553
87$38,915,008$0$0$16,625,772
88$42,705,035$0$0$18,251,528
89$46,875,998$0$0$20,040,904
90$51,466,573$0$0$22,010,519
91$56,519,377$0$0$24,178,686
92$62,081,368$0$0$26,565,584
93$68,204,288$0$0$29,193,447
94$74,945,151$0$0$32,086,774
95$82,366,778$0$0$35,272,562
96$90,538,394$0$0$38,780,557
97$99,536,276$0$0$42,643,539
98$109,444,476$0$0$46,897,628
99$120,355,610$0$0$51,582,623
100$132,371,736$0$0$56,742,384