Can I retire at age 45 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$98,269$97,394$96,540$95,706$94,892$92,862
2 years$48,648$47,742$46,864$46,013$45,187$43,152
3 years$32,110$31,200$30,324$29,481$28,668$26,691
4 years$23,842$22,935$22,068$21,239$20,447$18,543
5 years$18,883$17,982$17,126$16,314$15,543$13,719
6 years$15,578$14,683$13,840$13,046$12,299$10,555
7 years$13,218$12,331$11,501$10,726$10,002$8,339
8 years$11,449$10,570$9,754$8,998$8,298$6,716
9 years$10,074$9,203$8,401$7,664$6,988$5,485
10 years$8,975$8,112$7,324$6,607$5,954$4,529
11 years$8,076$7,222$6,448$5,750$5,121$3,772
12 years$7,327$6,482$5,723$5,043$4,437$3,163
13 years$6,694$5,858$5,113$4,452$3,870$2,667
14 years$6,152$5,324$4,594$3,952$3,392$2,258
15 years$5,682$4,864$4,148$3,525$2,987$1,920
16 years$5,272$4,463$3,760$3,156$2,640$1,637
17 years$4,910$4,110$3,422$2,836$2,340$1,400
18 years$4,589$3,798$3,124$2,556$2,081$1,199
19 years$4,302$3,520$2,860$2,309$1,855$1,030
20 years$4,044$3,271$2,624$2,091$1,657$885
21 years$3,811$3,046$2,414$1,898$1,483$762
22 years$3,600$2,844$2,225$1,726$1,329$657
23 years$3,407$2,660$2,054$1,572$1,193$567
24 years$3,230$2,492$1,900$1,433$1,072$489
25 years$3,068$2,339$1,760$1,309$965$423
26 years$2,919$2,198$1,632$1,197$869$366
27 years$2,780$2,069$1,515$1,096$784$316
28 years$2,652$1,949$1,409$1,004$707$274
29 years$2,533$1,839$1,311$921$638$237
30 years$2,422$1,737$1,221$845$577$205
31 years$2,319$1,642$1,138$776$522$178
32 years$2,222$1,553$1,062$713$472$154
33 years$2,131$1,471$992$656$427$134
34 years$2,046$1,394$927$603$387$116
35 years$1,966$1,322$866$555$350$100
36 years$1,890$1,255$810$512$317$87
37 years$1,819$1,192$759$471$288$76
38 years$1,751$1,133$710$434$261$66
39 years$1,687$1,077$666$401$236$57
40 years$1,627$1,025$624$369$214$49
41 years$1,570$976$585$341$195$43
42 years$1,515$929$549$315$176$37
43 years$1,463$885$515$290$160$32
44 years$1,414$844$483$268$145$28
45 years$1,367$805$454$248$132$24
46 years$1,322$768$426$229$120$21
47 years$1,279$733$400$211$109$18
48 years$1,238$699$376$195$99$16
49 years$1,199$668$354$180$90$14
50 years$1,162$638$333$167$82$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,190,000, adding $6,302 every year, while hoping to spend $43,689 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: 60/19/21 Blend
44$1,190,000$1,190,000$1,190,000$1,190,000
45$1,317,881$1,254,811$1,236,366$1,389,309
46$1,405,820$1,269,811$1,231,299$1,453,454
47$1,501,264$1,284,083$1,224,598$1,518,065
48$1,604,934$1,297,544$1,216,163$1,587,581
49$1,717,619$1,310,106$1,205,887$1,662,483
50$1,840,192$1,321,677$1,193,660$1,743,305
51$1,973,610$1,332,157$1,179,365$1,830,636
52$2,118,926$1,341,441$1,162,882$1,925,124
53$2,277,301$1,349,415$1,144,083$2,027,488
54$2,450,010$1,355,962$1,122,835$2,138,518
55$2,638,460$1,360,952$1,098,998$2,259,087
56$2,844,195$1,364,252$1,072,427$2,390,160
57$3,068,919$1,365,716$1,042,969$2,532,801
58$3,314,505$1,365,192$1,010,465$2,688,183
59$3,583,016$1,362,518$974,747$2,857,603
60$3,876,724$1,357,522$935,642$3,042,490
61$4,198,130$1,350,021$892,966$3,244,421
62$4,549,988$1,339,820$846,529$3,465,139
63$4,935,330$1,326,715$796,131$3,706,563
64$5,357,496$1,310,486$741,564$3,970,814
65$5,820,164$1,290,903$682,609$4,260,231
66$6,327,385$1,267,722$619,041$4,577,393
67$6,883,619$1,240,681$550,620$4,925,147
68$7,493,781$1,209,507$477,098$5,306,634
69$8,163,282$1,173,909$398,217$5,725,317
70$8,898,085$1,133,578$313,704$6,185,020
71$9,704,754$1,088,188$223,279$6,689,957
72$10,590,525$1,037,395$126,644$7,244,778
73$11,563,365$980,833$23,493$7,854,613
74$12,632,051$918,117$0$8,525,119
75$13,806,254$848,839$0$9,281,938
76$15,096,626$772,566$0$10,119,428
77$16,514,903$688,843$0$11,039,988
78$18,074,015$597,188$0$12,052,071
79$19,788,206$497,092$0$13,164,993
80$21,673,170$388,016$0$14,389,023
81$23,746,197$269,392$0$15,735,479
82$26,026,337$140,621$0$17,216,837
83$28,534,579$1,067$0$18,846,849
84$31,294,049$0$0$20,640,670
85$34,330,226$0$0$22,646,355
86$37,671,186$0$0$24,853,735
87$41,347,860$0$0$27,283,037
88$45,394,333$0$0$29,956,795
89$49,848,159$0$0$32,899,840
90$54,750,720$0$0$36,139,530
91$60,147,610$0$0$39,706,012
92$66,089,070$0$0$43,632,503
93$72,630,462$0$0$47,955,605
94$79,832,785$0$0$52,715,650
95$87,763,256$0$0$57,957,079
96$96,495,943$0$0$63,728,864
97$106,112,460$0$0$70,084,966
98$116,702,740$0$0$77,084,847
99$128,365,884$0$0$84,794,029
100$141,211,091$0$0$93,284,713