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%13.8%
1 years$98,269$97,394$96,540$95,706$94,892$93,397
2 years$48,648$47,742$46,864$46,013$45,187$43,684
3 years$32,110$31,200$30,324$29,481$28,668$27,205
4 years$23,842$22,935$22,068$21,239$20,447$19,034
5 years$18,883$17,982$17,126$16,314$15,543$14,186
6 years$15,578$14,683$13,840$13,046$12,299$10,998
7 years$13,218$12,331$11,501$10,726$10,002$8,758
8 years$11,449$10,570$9,754$8,998$8,298$7,110
9 years$10,074$9,203$8,401$7,664$6,988$5,856
10 years$8,975$8,112$7,324$6,607$5,954$4,877
11 years$8,076$7,222$6,448$5,750$5,121$4,098
12 years$7,327$6,482$5,723$5,043$4,437$3,467
13 years$6,694$5,858$5,113$4,452$3,870$2,950
14 years$6,152$5,324$4,594$3,952$3,392$2,523
15 years$5,682$4,864$4,148$3,525$2,987$2,165
16 years$5,272$4,463$3,760$3,156$2,640$1,865
17 years$4,910$4,110$3,422$2,836$2,340$1,610
18 years$4,589$3,798$3,124$2,556$2,081$1,394
19 years$4,302$3,520$2,860$2,309$1,855$1,209
20 years$4,044$3,271$2,624$2,091$1,657$1,050
21 years$3,811$3,046$2,414$1,898$1,483$914
22 years$3,600$2,844$2,225$1,726$1,329$796
23 years$3,407$2,660$2,054$1,572$1,193$695
24 years$3,230$2,492$1,900$1,433$1,072$606
25 years$3,068$2,339$1,760$1,309$965$530
26 years$2,919$2,198$1,632$1,197$869$463
27 years$2,780$2,069$1,515$1,096$784$405
28 years$2,652$1,949$1,409$1,004$707$355
29 years$2,533$1,839$1,311$921$638$311
30 years$2,422$1,737$1,221$845$577$272
31 years$2,319$1,642$1,138$776$522$239
32 years$2,222$1,553$1,062$713$472$209
33 years$2,131$1,471$992$656$427$184
34 years$2,046$1,394$927$603$387$161
35 years$1,966$1,322$866$555$350$141
36 years$1,890$1,255$810$512$317$124
37 years$1,819$1,192$759$471$288$109
38 years$1,751$1,133$710$434$261$96
39 years$1,687$1,077$666$401$236$84
40 years$1,627$1,025$624$369$214$74
41 years$1,570$976$585$341$195$65
42 years$1,515$929$549$315$176$57
43 years$1,463$885$515$290$160$50
44 years$1,414$844$483$268$145$44
45 years$1,367$805$454$248$132$38
46 years$1,322$768$426$229$120$34
47 years$1,279$733$400$211$109$30
48 years$1,238$699$376$195$99$26
49 years$1,199$668$354$180$90$23
50 years$1,162$638$333$167$82$20

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 $2,309 every year, while hoping to spend $58,403 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: 67/8/25 Blend
44$1,190,000$1,190,000$1,190,000$1,190,000
45$1,313,762$1,250,692$1,232,247$1,393,151
46$1,385,625$1,249,835$1,211,387$1,445,951
47$1,462,861$1,246,979$1,187,870$1,496,820
48$1,545,956$1,241,965$1,161,547$1,551,113
49$1,635,444$1,234,621$1,132,259$1,609,170
50$1,731,912$1,224,770$1,099,842$1,671,367
51$1,836,003$1,212,220$1,064,123$1,738,118
52$1,948,426$1,196,769$1,024,922$1,809,883
53$2,069,958$1,178,204$982,050$1,887,170
54$2,201,454$1,156,296$935,309$1,970,540
55$2,343,854$1,130,807$884,494$2,060,614
56$2,498,192$1,101,481$829,389$2,158,077
57$2,665,603$1,068,049$769,768$2,263,689
58$2,847,336$1,030,225$705,398$2,378,286
59$3,044,767$987,708$636,031$2,502,795
60$3,259,405$940,178$561,410$2,638,238
61$3,492,915$887,298$481,268$2,785,748
62$3,747,127$828,709$395,325$2,946,571
63$4,024,053$764,035$303,287$3,122,088
64$4,325,908$692,875$204,849$3,313,822
65$4,655,133$614,808$99,694$3,523,456
66$5,014,409$529,386$0$3,752,849
67$5,406,693$436,140$0$4,007,394
68$5,835,234$334,570$0$4,314,612
69$6,303,614$224,150$0$4,650,481
70$6,815,775$104,325$0$5,017,864
71$7,376,055$0$0$5,419,915
72$7,989,234$0$0$5,862,353
73$8,660,573$0$0$6,356,882
74$9,395,866$0$0$6,898,595
75$10,201,494$0$0$7,492,202
76$11,084,484$0$0$8,142,891
77$12,052,577$0$0$8,856,373
78$13,114,296$0$0$9,638,943
79$14,279,028$0$0$10,497,530
80$15,557,117$0$0$11,439,769
81$16,959,952$0$0$12,474,068
82$18,500,080$0$0$13,609,690
83$20,191,323$0$0$14,856,838
84$22,048,907$0$0$16,226,752
85$24,089,603$0$0$17,731,815
86$26,331,888$0$0$19,385,668
87$28,796,119$0$0$21,203,337
88$31,504,721$0$0$23,201,379
89$34,482,398$0$0$25,398,034
90$37,756,372$0$0$27,813,395
91$41,356,628$0$0$30,469,604
92$45,316,208$0$0$33,391,052
93$49,671,512$0$0$36,604,615
94$54,462,649$0$0$40,139,902
95$59,733,808$0$0$44,029,540
96$65,533,679$0$0$48,309,476
97$71,915,907$0$0$53,019,315
98$78,939,603$0$0$58,202,700
99$86,669,897$0$0$63,907,716
100$95,178,552$0$0$70,187,346