Can I retire at age 45 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$91,663$90,846$90,050$89,272$88,513$86,408
2 years$45,378$44,532$43,713$42,919$42,149$40,041
3 years$29,951$29,102$28,285$27,499$26,741$24,695
4 years$22,240$21,393$20,585$19,811$19,072$17,104
5 years$17,614$16,773$15,974$15,217$14,498$12,614
6 years$14,531$13,696$12,910$12,169$11,472$9,674
7 years$12,330$11,502$10,728$10,005$9,330$7,617
8 years$10,680$9,859$9,098$8,393$7,740$6,113
9 years$9,397$8,584$7,836$7,149$6,518$4,975
10 years$8,371$7,567$6,832$6,162$5,554$4,093
11 years$7,533$6,736$6,015$5,363$4,776$3,395
12 years$6,834$6,046$5,338$4,704$4,139$2,836
13 years$6,244$5,464$4,769$4,153$3,609$2,381
14 years$5,738$4,966$4,285$3,687$3,164$2,009
15 years$5,300$4,537$3,869$3,288$2,786$1,700
16 years$4,918$4,163$3,508$2,944$2,462$1,444
17 years$4,580$3,834$3,192$2,645$2,183$1,229
18 years$4,281$3,542$2,914$2,384$1,941$1,049
19 years$4,013$3,283$2,667$2,154$1,730$896
20 years$3,773$3,051$2,448$1,951$1,545$767
21 years$3,555$2,842$2,252$1,770$1,383$657
22 years$3,358$2,653$2,075$1,610$1,240$564
23 years$3,178$2,481$1,916$1,466$1,113$484
24 years$3,013$2,324$1,772$1,337$1,000$416
25 years$2,862$2,181$1,641$1,221$900$358
26 years$2,722$2,050$1,522$1,117$811$308
27 years$2,593$1,929$1,414$1,022$731$265
28 years$2,474$1,818$1,314$936$660$228
29 years$2,363$1,715$1,223$859$596$197
30 years$2,259$1,620$1,139$788$538$170
31 years$2,163$1,531$1,062$724$486$146
32 years$2,073$1,449$991$665$440$126
33 years$1,988$1,372$925$612$398$109
34 years$1,908$1,300$864$563$361$94
35 years$1,833$1,233$808$518$327$81
36 years$1,763$1,171$756$477$296$70
37 years$1,696$1,112$708$440$268$60
38 years$1,633$1,057$663$405$243$52
39 years$1,574$1,005$621$374$220$45
40 years$1,518$956$582$345$200$39
41 years$1,464$910$546$318$181$33
42 years$1,413$867$512$293$165$29
43 years$1,365$826$480$271$149$25
44 years$1,319$787$451$250$136$22
45 years$1,275$751$423$231$123$19
46 years$1,233$716$398$213$112$16
47 years$1,193$683$373$197$102$14
48 years$1,155$652$351$182$92$12
49 years$1,119$623$330$168$84$10
50 years$1,084$595$310$156$76$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,110,000, adding $2,803 every year, while hoping to spend $47,754 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: 61/26/13 Blend
44$1,110,000$1,110,000$1,110,000$1,110,000
45$1,226,111$1,167,281$1,150,076$1,296,870
46$1,300,365$1,173,668$1,137,794$1,351,136
47$1,380,592$1,178,768$1,123,500$1,404,663
48$1,467,351$1,182,466$1,107,076$1,461,917
49$1,561,256$1,184,642$1,088,398$1,523,262
50$1,662,983$1,185,169$1,067,339$1,589,098
51$1,773,275$1,183,910$1,043,762$1,659,871
52$1,892,947$1,180,719$1,017,526$1,736,070
53$2,022,898$1,175,445$988,484$1,818,238
54$2,164,116$1,167,924$956,480$1,906,974
55$2,317,686$1,157,983$921,353$2,002,939
56$2,484,805$1,145,439$882,933$2,106,864
57$2,666,787$1,130,097$841,043$2,219,557
58$2,865,081$1,111,753$795,499$2,341,911
59$3,081,278$1,090,188$746,107$2,474,909
60$3,317,132$1,065,171$692,666$2,619,641
61$3,574,572$1,036,457$634,963$2,777,310
62$3,855,723$1,003,788$572,778$2,949,242
63$4,162,922$966,889$505,882$3,136,904
64$4,498,744$925,470$434,033$3,341,916
65$4,866,023$879,225$356,980$3,566,064
66$5,267,879$827,829$274,460$3,811,324
67$5,707,748$770,938$186,200$4,079,874
68$6,189,414$708,189$91,913$4,374,121
69$6,717,043$639,200$0$4,696,721
70$7,295,224$563,563$0$5,051,815
71$7,929,011$480,852$0$5,455,115
72$8,623,968$390,612$0$5,897,476
73$9,386,227$292,365$0$6,382,888
74$10,222,538$185,607$0$6,915,752
75$11,140,338$69,804$0$7,500,922
76$12,147,820$0$0$8,143,750
77$13,254,007$0$0$8,866,050
78$14,468,840$0$0$9,681,312
79$15,803,267$0$0$10,576,925
80$17,269,351$0$0$11,560,997
81$18,880,382$0$0$12,642,458
82$20,650,999$0$0$13,831,149
83$22,597,331$0$0$15,137,910
84$24,737,147$0$0$16,574,685
85$27,090,023$0$0$18,154,630
86$29,677,527$0$0$19,892,244
87$32,523,423$0$0$21,803,498
88$35,653,892$0$0$23,905,991
89$39,097,781$0$0$26,219,112
90$42,886,873$0$0$28,764,225
91$47,056,188$0$0$31,564,868
92$51,644,311$0$0$34,646,978
93$56,693,756$0$0$38,039,131
94$62,251,370$0$0$41,772,816
95$68,368,768$0$0$45,882,729
96$75,102,824$0$0$50,407,098
97$82,516,209$0$0$55,388,050
98$90,677,975$0$0$60,872,001
99$99,664,212$0$0$66,910,098
100$109,558,763$0$0$73,558,699