Can I retire at age 45 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$90,837$90,028$89,238$88,468$87,716$87,273
2 years$44,969$44,131$43,320$42,533$41,769$41,322
3 years$29,681$28,840$28,031$27,251$26,500$26,063
4 years$22,039$21,201$20,399$19,633$18,900$18,476
5 years$17,455$16,622$15,831$15,080$14,368$13,958
6 years$14,400$13,573$12,793$12,060$11,369$10,974
7 years$12,219$11,398$10,631$9,915$9,246$8,866
8 years$10,583$9,771$9,016$8,317$7,670$7,306
9 years$9,312$8,507$7,766$7,084$6,459$6,110
10 years$8,296$7,499$6,770$6,107$5,504$5,169
11 years$7,465$6,675$5,960$5,315$4,733$4,413
12 years$6,773$5,992$5,290$4,662$4,102$3,796
13 years$6,188$5,415$4,726$4,116$3,577$3,285
14 years$5,687$4,922$4,246$3,653$3,135$2,858
15 years$5,253$4,496$3,834$3,258$2,761$2,496
16 years$4,873$4,125$3,476$2,917$2,440$2,189
17 years$4,539$3,799$3,163$2,621$2,163$1,925
18 years$4,242$3,510$2,887$2,362$1,924$1,697
19 years$3,977$3,253$2,643$2,135$1,715$1,500
20 years$3,739$3,023$2,426$1,933$1,531$1,328
21 years$3,523$2,816$2,231$1,755$1,371$1,179
22 years$3,327$2,629$2,057$1,595$1,228$1,047
23 years$3,149$2,459$1,899$1,453$1,103$932
24 years$2,986$2,304$1,756$1,325$991$830
25 years$2,836$2,162$1,627$1,210$892$740
26 years$2,698$2,032$1,509$1,106$803$660
27 years$2,570$1,912$1,401$1,013$724$590
28 years$2,452$1,802$1,302$928$654$527
29 years$2,342$1,700$1,212$851$590$472
30 years$2,239$1,605$1,129$781$533$422
31 years$2,143$1,517$1,052$717$482$378
32 years$2,054$1,436$982$659$436$338
33 years$1,970$1,360$917$606$395$303
34 years$1,891$1,289$857$558$357$272
35 years$1,817$1,222$801$513$324$244
36 years$1,747$1,160$749$473$293$219
37 years$1,681$1,102$701$436$266$196
38 years$1,619$1,047$657$402$241$176
39 years$1,560$996$615$370$218$158
40 years$1,504$947$577$342$198$142
41 years$1,451$902$541$315$180$127
42 years$1,400$859$507$291$163$114
43 years$1,353$818$476$268$148$103
44 years$1,307$780$447$248$134$92
45 years$1,264$744$419$229$122$83
46 years$1,222$710$394$211$111$75
47 years$1,183$677$370$195$101$67
48 years$1,145$646$348$180$91$60
49 years$1,109$617$327$167$83$54
50 years$1,074$590$307$154$75$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,100,000, adding $3,810 every year, while hoping to spend $32,050 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: 51/26/23 Blend
44$1,100,000$1,100,000$1,100,000$1,100,000
45$1,216,130$1,157,830$1,140,780$1,270,160
46$1,306,074$1,180,463$1,144,895$1,330,618
47$1,404,119$1,203,130$1,148,074$1,392,736
48$1,511,056$1,225,801$1,150,251$1,459,618
49$1,627,757$1,248,439$1,151,359$1,531,727
50$1,755,184$1,271,007$1,151,324$1,609,576
51$1,894,391$1,293,465$1,150,073$1,693,729
52$2,046,544$1,315,770$1,147,525$1,784,810
53$2,212,922$1,337,873$1,143,597$1,883,507
54$2,394,936$1,359,725$1,138,204$1,990,577
55$2,594,139$1,381,271$1,131,253$2,106,857
56$2,812,241$1,402,453$1,122,650$2,233,270
57$3,051,124$1,423,208$1,112,293$2,370,832
58$3,312,862$1,443,468$1,100,078$2,520,666
59$3,599,739$1,463,164$1,085,896$2,684,010
60$3,914,270$1,482,216$1,069,631$2,862,229
61$4,259,225$1,500,544$1,051,163$3,056,830
62$4,637,655$1,518,060$1,030,366$3,269,472
63$5,052,920$1,534,669$1,007,108$3,501,989
64$5,508,723$1,550,273$981,251$3,756,400
65$6,009,140$1,564,763$952,650$4,034,935
66$6,558,663$1,578,028$921,155$4,340,049
67$7,162,240$1,589,945$886,607$4,674,454
68$7,825,322$1,600,385$848,842$5,041,139
69$8,553,913$1,609,212$807,686$5,443,401
70$9,354,628$1,616,279$762,959$5,884,873
71$10,234,755$1,621,432$714,473$6,369,566
72$11,202,322$1,624,504$662,030$6,901,899
73$12,266,175$1,625,321$605,425$7,486,747
74$13,436,060$1,623,697$544,441$8,129,487
75$14,722,713$1,619,433$478,855$8,836,044
76$16,137,964$1,612,319$408,431$9,612,954
77$17,694,847$1,602,134$332,924$10,467,425
78$19,407,722$1,588,640$252,078$11,407,401
79$21,292,413$1,571,586$165,626$12,441,643
80$23,366,354$1,550,708$73,289$13,579,813
81$25,648,752$1,525,723$0$14,832,558
82$28,160,775$1,496,334$0$16,217,819
83$30,925,744$1,462,224$0$17,761,941
84$33,969,355$1,423,058$0$19,461,271
85$37,319,924$1,378,482$0$21,331,623
86$41,008,650$1,328,122$0$23,390,431
87$45,069,912$1,271,580$0$25,656,906
88$49,541,592$1,208,436$0$28,152,225
89$54,465,432$1,138,247$0$30,899,725
90$59,887,427$1,060,542$0$33,925,128
91$65,858,261$974,825$0$37,256,783
92$72,433,783$880,571$0$40,925,934
93$79,675,535$777,225$0$44,967,018
94$87,651,330$664,200$0$49,417,985
95$96,435,897$540,877$0$54,320,666
96$106,111,580$406,602$0$59,721,160
97$116,769,118$260,682$0$65,670,275
98$128,508,501$102,389$0$72,224,006
99$141,439,913$0$0$79,444,070
100$155,684,770$0$0$87,418,236