Can I retire at age 45 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$94,140$93,302$92,483$91,685$90,905$89,143
2 years$46,604$45,736$44,895$44,079$43,288$41,520
3 years$30,761$29,889$29,050$28,242$27,464$25,744
4 years$22,841$21,972$21,141$20,347$19,587$17,930
5 years$18,090$17,226$16,406$15,628$14,890$13,300
6 years$14,924$14,066$13,259$12,498$11,782$10,261
7 years$12,663$11,813$11,018$10,275$9,582$8,130
8 years$10,968$10,126$9,344$8,620$7,949$6,566
9 years$9,651$8,816$8,048$7,342$6,694$5,379
10 years$8,597$7,771$7,017$6,329$5,704$4,455
11 years$7,736$6,918$6,177$5,508$4,906$3,722
12 years$7,019$6,209$5,482$4,831$4,251$3,131
13 years$6,413$5,612$4,898$4,265$3,707$2,649
14 years$5,893$5,101$4,401$3,786$3,250$2,251
15 years$5,444$4,660$3,973$3,377$2,861$1,920
16 years$5,051$4,275$3,602$3,023$2,529$1,643
17 years$4,704$3,937$3,278$2,717$2,242$1,410
18 years$4,397$3,638$2,992$2,448$1,994$1,213
19 years$4,122$3,372$2,739$2,212$1,777$1,045
20 years$3,874$3,133$2,514$2,004$1,587$902
21 years$3,651$2,918$2,313$1,818$1,420$779
22 years$3,448$2,724$2,131$1,653$1,273$674
23 years$3,264$2,548$1,968$1,506$1,143$584
24 years$3,094$2,387$1,820$1,373$1,027$506
25 years$2,939$2,240$1,686$1,254$924$439
26 years$2,796$2,106$1,563$1,147$833$381
27 years$2,664$1,982$1,452$1,050$751$331
28 years$2,541$1,867$1,350$962$677$288
29 years$2,427$1,762$1,256$882$612$250
30 years$2,321$1,664$1,170$809$553$218
31 years$2,221$1,573$1,091$743$500$189
32 years$2,129$1,488$1,018$683$452$165
33 years$2,042$1,409$950$628$409$143
34 years$1,960$1,336$888$578$370$125
35 years$1,883$1,267$830$532$335$109
36 years$1,811$1,202$776$490$304$95
37 years$1,742$1,142$727$451$275$82
38 years$1,678$1,085$681$416$250$72
39 years$1,616$1,032$638$384$226$63
40 years$1,559$982$598$354$205$55
41 years$1,504$935$560$327$186$48
42 years$1,451$890$526$301$169$41
43 years$1,402$848$493$278$153$36
44 years$1,354$808$463$257$139$31
45 years$1,309$771$435$237$126$27
46 years$1,267$735$408$219$115$24
47 years$1,226$702$384$202$104$21
48 years$1,186$670$360$187$95$18
49 years$1,149$640$339$173$86$16
50 years$1,113$611$319$160$78$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,140,000, adding $4,416 every year, while hoping to spend $43,745 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: 29/45/26 Blend
44$1,140,000$1,140,000$1,140,000$1,140,000
45$1,260,835$1,200,415$1,182,745$1,287,134
46$1,342,896$1,212,691$1,175,823$1,320,377
47$1,431,861$1,224,102$1,167,202$1,351,968
48$1,528,388$1,234,561$1,156,781$1,385,043
49$1,633,201$1,243,971$1,144,450$1,419,762
50$1,747,095$1,252,234$1,130,097$1,456,302
51$1,870,947$1,259,242$1,113,604$1,494,858
52$2,005,720$1,264,881$1,094,846$1,535,654
53$2,152,474$1,269,030$1,073,693$1,578,935
54$2,312,375$1,271,561$1,050,011$1,624,977
55$2,486,706$1,272,337$1,023,656$1,674,088
56$2,676,882$1,271,213$994,479$1,726,610
57$2,884,456$1,268,035$962,327$1,782,927
58$3,111,140$1,262,638$927,034$1,843,465
59$3,358,819$1,254,850$888,433$1,908,697
60$3,629,567$1,244,487$846,344$1,979,153
61$3,925,668$1,231,352$800,581$2,055,421
62$4,249,637$1,215,238$750,951$2,138,153
63$4,604,242$1,195,927$697,251$2,228,078
64$4,992,533$1,173,186$639,267$2,326,002
65$5,417,868$1,146,768$576,778$2,432,823
66$5,883,943$1,116,413$509,553$2,549,538
67$6,394,832$1,081,844$437,350$2,677,252
68$6,955,020$1,042,769$359,916$2,817,194
69$7,569,446$998,879$276,988$2,970,725
70$8,243,551$949,846$188,289$3,139,356
71$8,983,329$895,324$93,532$3,324,761
72$9,795,381$834,947$0$3,528,798
73$10,686,978$768,328$0$3,755,628
74$11,666,131$695,057$0$4,033,252
75$12,741,664$614,702$0$4,338,311
76$13,923,297$526,806$0$4,673,695
77$15,221,739$430,885$0$5,042,597
78$16,648,787$326,430$0$5,448,546
79$18,217,439$212,900$0$5,895,440
80$19,942,014$89,728$0$6,387,586
81$21,838,286$0$0$6,929,740
82$23,923,637$0$0$7,548,792
83$26,217,216$0$0$8,278,727
84$28,740,121$0$0$9,081,854
85$31,515,599$0$0$9,965,599
86$34,569,260$0$0$10,938,144
87$37,929,326$0$0$12,008,505
88$41,626,889$0$0$13,186,614
89$45,696,210$0$0$14,483,418
90$50,175,038$0$0$15,910,976
91$55,104,968$0$0$17,482,578
92$60,531,831$0$0$19,212,867
93$66,506,128$0$0$21,117,979
94$73,083,505$0$0$23,215,691
95$80,325,278$0$0$25,525,596
96$88,299,009$0$0$28,069,282
97$97,079,149$0$0$30,870,535
98$106,747,733$0$0$33,955,570
99$117,395,158$0$0$37,353,269
100$129,121,033$0$0$41,095,463