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%15.6%
1 years$98,269$97,394$96,540$95,706$94,892$92,711
2 years$48,648$47,742$46,864$46,013$45,187$43,002
3 years$32,110$31,200$30,324$29,481$28,668$26,547
4 years$23,842$22,935$22,068$21,239$20,447$18,406
5 years$18,883$17,982$17,126$16,314$15,543$13,588
6 years$15,578$14,683$13,840$13,046$12,299$10,432
7 years$13,218$12,331$11,501$10,726$10,002$8,224
8 years$11,449$10,570$9,754$8,998$8,298$6,607
9 years$10,074$9,203$8,401$7,664$6,988$5,383
10 years$8,975$8,112$7,324$6,607$5,954$4,434
11 years$8,076$7,222$6,448$5,750$5,121$3,683
12 years$7,327$6,482$5,723$5,043$4,437$3,080
13 years$6,694$5,858$5,113$4,452$3,870$2,590
14 years$6,152$5,324$4,594$3,952$3,392$2,188
15 years$5,682$4,864$4,148$3,525$2,987$1,855
16 years$5,272$4,463$3,760$3,156$2,640$1,577
17 years$4,910$4,110$3,422$2,836$2,340$1,345
18 years$4,589$3,798$3,124$2,556$2,081$1,149
19 years$4,302$3,520$2,860$2,309$1,855$983
20 years$4,044$3,271$2,624$2,091$1,657$843
21 years$3,811$3,046$2,414$1,898$1,483$723
22 years$3,600$2,844$2,225$1,726$1,329$622
23 years$3,407$2,660$2,054$1,572$1,193$535
24 years$3,230$2,492$1,900$1,433$1,072$460
25 years$3,068$2,339$1,760$1,309$965$396
26 years$2,919$2,198$1,632$1,197$869$342
27 years$2,780$2,069$1,515$1,096$784$295
28 years$2,652$1,949$1,409$1,004$707$254
29 years$2,533$1,839$1,311$921$638$219
30 years$2,422$1,737$1,221$845$577$189
31 years$2,319$1,642$1,138$776$522$163
32 years$2,222$1,553$1,062$713$472$141
33 years$2,131$1,471$992$656$427$122
34 years$2,046$1,394$927$603$387$105
35 years$1,966$1,322$866$555$350$91
36 years$1,890$1,255$810$512$317$79
37 years$1,819$1,192$759$471$288$68
38 years$1,751$1,133$710$434$261$59
39 years$1,687$1,077$666$401$236$51
40 years$1,627$1,025$624$369$214$44
41 years$1,570$976$585$341$195$38
42 years$1,515$929$549$315$176$33
43 years$1,463$885$515$290$160$28
44 years$1,414$844$483$268$145$25
45 years$1,367$805$454$248$132$21
46 years$1,322$768$426$229$120$18
47 years$1,279$733$400$211$109$16
48 years$1,238$699$376$195$99$14
49 years$1,199$668$354$180$90$12
50 years$1,162$638$333$167$82$10

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 $2,035 every year, while hoping to spend $38,869 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: 39/37/24 Blend
44$1,190,000$1,190,000$1,190,000$1,190,000
45$1,313,479$1,250,409$1,231,964$1,355,266
46$1,406,098$1,270,323$1,231,879$1,405,646
47$1,506,861$1,289,910$1,230,487$1,456,295
48$1,616,558$1,309,112$1,227,706$1,510,292
49$1,736,058$1,327,870$1,223,445$1,567,966
50$1,866,317$1,346,117$1,217,612$1,629,678
51$2,008,388$1,363,783$1,210,109$1,695,830
52$2,163,429$1,380,794$1,200,833$1,766,866
53$2,332,714$1,397,069$1,189,677$1,843,275
54$2,517,649$1,412,523$1,176,528$1,925,599
55$2,719,777$1,427,065$1,161,270$2,014,439
56$2,940,800$1,440,597$1,143,779$2,110,458
57$3,182,591$1,453,015$1,123,925$2,214,387
58$3,447,213$1,464,210$1,101,573$2,327,038
59$3,736,935$1,474,063$1,076,583$2,449,306
60$4,054,260$1,482,450$1,048,806$2,582,179
61$4,401,941$1,489,236$1,018,087$2,726,753
62$4,783,011$1,494,281$984,265$2,884,234
63$5,200,810$1,497,433$947,170$3,055,959
64$5,659,017$1,498,532$906,625$3,243,403
65$6,161,685$1,497,408$862,445$3,448,196
66$6,713,277$1,493,881$814,437$3,672,137
67$7,318,709$1,487,759$762,398$3,917,215
68$7,983,397$1,478,838$706,118$4,185,627
69$8,713,305$1,466,903$645,374$4,479,798
70$9,515,005$1,451,724$579,937$4,802,405
71$10,395,736$1,433,059$509,566$5,156,408
72$11,363,473$1,410,651$434,008$5,545,070
73$12,427,002$1,384,228$353,002$5,971,997
74$13,596,001$1,353,499$266,272$6,441,169
75$14,881,133$1,318,161$173,532$6,956,978
76$16,294,146$1,277,889$74,484$7,524,276
77$17,847,984$1,232,340$0$8,148,413
78$19,556,906$1,181,152$0$8,843,291
79$21,436,623$1,123,941$0$9,628,311
80$23,504,446$1,060,302$0$10,491,660
81$25,779,448$989,805$0$11,441,367
82$28,282,643$911,997$0$12,486,288
83$31,037,184$826,397$0$13,636,186
84$34,068,585$732,499$0$14,901,830
85$37,404,956$629,766$0$16,295,091
86$41,077,270$517,633$0$17,829,060
87$45,119,655$395,501$0$19,518,174
88$49,569,718$262,738$0$21,378,346
89$54,468,895$118,677$0$23,427,128
90$59,862,844$0$0$25,683,866
91$65,801,877$0$0$28,185,117
92$72,341,431$0$0$30,992,687
93$79,542,594$0$0$34,084,510
94$87,472,680$0$0$37,489,511
95$96,205,862$0$0$41,239,566
96$105,823,874$0$0$45,369,800
97$116,416,781$0$0$49,918,917
98$128,083,829$0$0$54,929,568
99$140,934,381$0$0$60,448,752
100$155,088,948$0$0$66,528,258