Can I retire at age 45 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$92,489$91,665$90,861$90,076$89,310$88,378
2 years$45,786$44,934$44,107$43,306$42,529$41,589
3 years$30,221$29,365$28,540$27,747$26,982$26,065
4 years$22,440$21,586$20,770$19,990$19,244$18,357
5 years$17,772$16,924$16,118$15,354$14,629$13,774
6 years$14,662$13,820$13,026$12,279$11,575$10,754
7 years$12,441$11,606$10,825$10,095$9,414$8,626
8 years$10,776$9,948$9,180$8,469$7,810$7,055
9 years$9,482$8,662$7,907$7,213$6,577$5,856
10 years$8,447$7,635$6,893$6,218$5,604$4,916
11 years$7,601$6,797$6,069$5,411$4,819$4,164
12 years$6,896$6,100$5,386$4,747$4,176$3,552
13 years$6,300$5,513$4,812$4,191$3,642$3,049
14 years$5,790$5,011$4,324$3,720$3,193$2,629
15 years$5,348$4,578$3,904$3,317$2,811$2,277
16 years$4,962$4,200$3,539$2,970$2,484$1,979
17 years$4,622$3,868$3,221$2,669$2,203$1,724
18 years$4,319$3,574$2,940$2,405$1,959$1,507
19 years$4,049$3,313$2,691$2,173$1,746$1,319
20 years$3,807$3,078$2,470$1,968$1,559$1,157
21 years$3,587$2,867$2,272$1,786$1,395$1,017
22 years$3,388$2,677$2,094$1,624$1,251$895
23 years$3,206$2,503$1,933$1,479$1,123$788
24 years$3,040$2,345$1,788$1,349$1,009$695
25 years$2,888$2,201$1,656$1,232$908$614
26 years$2,747$2,069$1,536$1,127$818$542
27 years$2,617$1,947$1,426$1,031$737$479
28 years$2,496$1,834$1,326$945$665$424
29 years$2,384$1,731$1,234$866$601$375
30 years$2,280$1,634$1,149$795$543$332
31 years$2,182$1,545$1,071$730$491$294
32 years$2,091$1,462$1,000$671$444$261
33 years$2,006$1,384$933$617$402$231
34 years$1,925$1,312$872$568$364$205
35 years$1,850$1,245$815$523$330$182
36 years$1,779$1,181$763$481$299$161
37 years$1,712$1,122$714$444$271$143
38 years$1,648$1,066$669$409$245$127
39 years$1,588$1,014$626$377$222$113
40 years$1,531$965$587$348$202$100
41 years$1,477$918$551$321$183$89
42 years$1,426$874$516$296$166$79
43 years$1,377$833$485$273$151$70
44 years$1,331$794$455$252$137$62
45 years$1,286$757$427$233$124$55
46 years$1,244$723$401$215$113$49
47 years$1,204$689$377$199$102$44
48 years$1,166$658$354$184$93$39
49 years$1,129$629$333$170$84$35
50 years$1,094$600$313$157$77$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,120,000, adding $2,457 every year, while hoping to spend $56,748 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: 60/16/24 Blend
44$1,120,000$1,120,000$1,120,000$1,120,000
45$1,236,774$1,177,414$1,160,054$1,302,917
46$1,302,546$1,174,728$1,138,537$1,345,466
47$1,373,124$1,170,009$1,114,396$1,385,500
48$1,448,940$1,163,096$1,087,485$1,427,945
49$1,530,465$1,153,821$1,057,649$1,473,048
50$1,618,218$1,142,003$1,024,726$1,521,081
51$1,712,768$1,127,454$988,547$1,572,348
52$1,814,742$1,109,971$948,935$1,627,185
53$1,924,827$1,089,340$905,705$1,685,964
54$2,043,776$1,065,335$858,663$1,749,098
55$2,172,422$1,037,717$807,609$1,817,047
56$2,311,674$1,006,230$752,329$1,890,319
57$2,462,537$970,608$692,604$1,969,476
58$2,626,113$930,564$628,203$2,055,144
59$2,803,613$885,799$558,885$2,148,013
60$2,996,373$835,994$484,399$2,248,850
61$3,205,858$780,813$404,481$2,358,503
62$3,433,681$719,899$318,857$2,477,912
63$3,681,619$652,876$227,241$2,608,115
64$3,951,624$579,347$129,334$2,750,265
65$4,245,846$498,891$24,823$2,905,634
66$4,566,650$411,064$0$3,075,631
67$4,916,639$315,397$0$3,284,019
68$5,298,679$211,394$0$3,518,544
69$5,715,924$98,533$0$3,774,841
70$6,171,847$0$0$4,055,111
71$6,670,270$0$0$4,365,964
72$7,215,403$0$0$4,725,007
73$7,811,879$0$0$5,117,953
74$8,464,801$0$0$5,548,177
75$9,179,790$0$0$6,019,392
76$9,963,031$0$0$6,535,687
77$10,821,341$0$0$7,101,568
78$11,762,224$0$0$7,721,994
79$12,793,946$0$0$8,402,430
80$13,925,611$0$0$9,148,894
81$15,167,246$0$0$9,968,014
82$16,529,897$0$0$10,867,090
83$18,025,729$0$0$11,854,166
84$19,668,144$0$0$12,938,101
85$21,471,904$0$0$14,128,653
86$23,453,273$0$0$15,436,574
87$25,630,166$0$0$16,873,708
88$28,022,318$0$0$18,453,101
89$30,651,473$0$0$20,189,127
90$33,541,584$0$0$22,097,624
91$36,719,042$0$0$24,196,037
92$40,212,921$0$0$26,503,588
93$44,055,255$0$0$29,041,456
94$48,281,337$0$0$31,832,973
95$52,930,051$0$0$34,903,847
96$58,044,240$0$0$38,282,404
97$63,671,110$0$0$41,999,851
98$69,862,670$0$0$46,090,577
99$76,676,228$0$0$50,592,470
100$84,174,928$0$0$55,547,275