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

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$98,269$97,394$96,540$95,706$94,892$93,629
2 years$48,648$47,742$46,864$46,013$45,187$43,916
3 years$32,110$31,200$30,324$29,481$28,668$27,430
4 years$23,842$22,935$22,068$21,239$20,447$19,249
5 years$18,883$17,982$17,126$16,314$15,543$14,391
6 years$15,578$14,683$13,840$13,046$12,299$11,193
7 years$13,218$12,331$11,501$10,726$10,002$8,943
8 years$11,449$10,570$9,754$8,998$8,298$7,286
9 years$10,074$9,203$8,401$7,664$6,988$6,022
10 years$8,975$8,112$7,324$6,607$5,954$5,034
11 years$8,076$7,222$6,448$5,750$5,121$4,245
12 years$7,327$6,482$5,723$5,043$4,437$3,606
13 years$6,694$5,858$5,113$4,452$3,870$3,081
14 years$6,152$5,324$4,594$3,952$3,392$2,644
15 years$5,682$4,864$4,148$3,525$2,987$2,279
16 years$5,272$4,463$3,760$3,156$2,640$1,971
17 years$4,910$4,110$3,422$2,836$2,340$1,709
18 years$4,589$3,798$3,124$2,556$2,081$1,486
19 years$4,302$3,520$2,860$2,309$1,855$1,295
20 years$4,044$3,271$2,624$2,091$1,657$1,130
21 years$3,811$3,046$2,414$1,898$1,483$988
22 years$3,600$2,844$2,225$1,726$1,329$864
23 years$3,407$2,660$2,054$1,572$1,193$757
24 years$3,230$2,492$1,900$1,433$1,072$664
25 years$3,068$2,339$1,760$1,309$965$583
26 years$2,919$2,198$1,632$1,197$869$512
27 years$2,780$2,069$1,515$1,096$784$450
28 years$2,652$1,949$1,409$1,004$707$396
29 years$2,533$1,839$1,311$921$638$349
30 years$2,422$1,737$1,221$845$577$307
31 years$2,319$1,642$1,138$776$522$270
32 years$2,222$1,553$1,062$713$472$238
33 years$2,131$1,471$992$656$427$210
34 years$2,046$1,394$927$603$387$185
35 years$1,966$1,322$866$555$350$163
36 years$1,890$1,255$810$512$317$144
37 years$1,819$1,192$759$471$288$127
38 years$1,751$1,133$710$434$261$112
39 years$1,687$1,077$666$401$236$99
40 years$1,627$1,025$624$369$214$87
41 years$1,570$976$585$341$195$77
42 years$1,515$929$549$315$176$68
43 years$1,463$885$515$290$160$60
44 years$1,414$844$483$268$145$53
45 years$1,367$805$454$248$132$47
46 years$1,322$768$426$229$120$41
47 years$1,279$733$400$211$109$37
48 years$1,238$699$376$195$99$32
49 years$1,199$668$354$180$90$28
50 years$1,162$638$333$167$82$25

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 $2,189 every year, while hoping to spend $57,334 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: 66/10/24 Blend
44$1,190,000$1,190,000$1,190,000$1,190,000
45$1,313,638$1,250,568$1,232,123$1,392,054
46$1,386,626$1,250,843$1,212,396$1,445,353
47$1,465,137$1,249,210$1,190,087$1,496,905
48$1,549,675$1,245,514$1,165,048$1,551,952
49$1,640,790$1,239,593$1,137,126$1,610,839
50$1,739,091$1,231,273$1,106,160$1,673,951
51$1,845,243$1,220,370$1,071,980$1,741,710
52$1,959,978$1,206,689$1,034,412$1,814,586
53$2,084,101$1,190,022$993,271$1,893,096
54$2,218,498$1,170,152$948,364$1,977,814
55$2,364,141$1,146,845$899,490$2,069,373
56$2,522,098$1,119,856$846,438$2,168,472
57$2,693,548$1,088,924$788,989$2,275,887
58$2,879,782$1,053,773$726,912$2,392,471
59$3,082,224$1,014,112$659,968$2,519,169
60$3,302,439$969,632$587,905$2,657,026
61$3,542,150$920,006$510,462$2,807,196
62$3,803,251$864,889$427,365$2,970,953
63$4,087,828$803,914$338,327$3,149,704
64$4,398,177$736,696$243,052$3,345,005
65$4,736,823$662,826$141,226$3,558,573
66$5,106,547$581,873$32,525$3,792,304
67$5,510,410$493,379$0$4,048,294
68$5,951,781$396,864$0$4,350,231
69$6,434,371$291,818$0$4,689,571
70$6,962,262$177,703$0$5,060,888
71$7,539,954$53,952$0$5,467,395
72$8,172,398$0$0$5,912,629
73$8,865,047$0$0$6,409,296
74$9,623,907$0$0$6,960,019
75$10,455,592$0$0$7,563,671
76$11,367,384$0$0$8,225,548
77$12,367,307$0$0$8,951,484
78$13,464,197$0$0$9,747,903
79$14,667,785$0$0$10,621,883
80$15,988,792$0$0$11,581,220
81$17,439,025$0$0$12,634,499
82$19,031,493$0$0$13,791,181
83$20,780,523$0$0$15,061,686
84$22,701,901$0$0$16,457,492
85$24,813,015$0$0$17,991,244
86$27,133,021$0$0$19,676,875
87$29,683,024$0$0$21,529,732
88$32,486,274$0$0$23,566,723
89$35,568,387$0$0$25,806,477
90$38,957,583$0$0$28,269,519
91$42,684,955$0$0$30,978,460
92$46,784,761$0$0$33,958,216
93$51,294,745$0$0$37,236,235
94$56,256,491$0$0$40,842,761
95$61,715,821$0$0$44,811,119
96$67,723,219$0$0$49,178,025
97$74,334,312$0$0$53,983,935
98$81,610,391$0$0$59,273,424
99$89,618,991$0$0$65,095,610
100$98,434,524$0$0$71,504,613