Can I retire at age 45 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$95,792$94,938$94,106$93,293$92,500$89,076
2 years$47,422$46,538$45,683$44,853$44,048$40,637
3 years$31,300$30,413$29,560$28,738$27,946$24,655
4 years$23,241$22,357$21,512$20,704$19,931$16,786
5 years$18,407$17,528$16,694$15,902$15,151$12,160
6 years$15,185$14,313$13,491$12,717$11,989$9,153
7 years$12,885$12,020$11,211$10,456$9,750$7,069
8 years$11,161$10,303$9,508$8,771$8,089$5,560
9 years$9,820$8,971$8,189$7,471$6,812$4,433
10 years$8,748$7,908$7,140$6,440$5,804$3,570
11 years$7,872$7,040$6,286$5,605$4,992$2,897
12 years$7,142$6,318$5,578$4,916$4,326$2,366
13 years$6,525$5,710$4,984$4,340$3,772$1,942
14 years$5,997$5,190$4,478$3,853$3,307$1,600
15 years$5,539$4,741$4,043$3,436$2,911$1,322
16 years$5,139$4,350$3,666$3,077$2,573$1,095
17 years$4,787$4,006$3,336$2,764$2,281$910
18 years$4,474$3,702$3,045$2,491$2,029$757
19 years$4,194$3,431$2,788$2,251$1,808$630
20 years$3,942$3,188$2,558$2,039$1,615$526
21 years$3,715$2,970$2,353$1,850$1,445$439
22 years$3,509$2,772$2,169$1,682$1,295$367
23 years$3,321$2,593$2,002$1,532$1,163$306
24 years$3,149$2,429$1,852$1,397$1,045$256
25 years$2,991$2,280$1,715$1,276$941$215
26 years$2,845$2,143$1,591$1,167$847$180
27 years$2,710$2,016$1,477$1,068$764$150
28 years$2,585$1,900$1,373$979$689$126
29 years$2,469$1,792$1,278$897$622$106
30 years$2,361$1,693$1,190$824$562$89
31 years$2,260$1,600$1,110$756$508$74
32 years$2,166$1,514$1,035$695$460$62
33 years$2,077$1,434$967$639$416$52
34 years$1,994$1,359$903$588$377$44
35 years$1,916$1,289$844$541$341$37
36 years$1,842$1,223$790$499$309$31
37 years$1,773$1,162$739$459$280$26
38 years$1,707$1,104$692$423$254$22
39 years$1,645$1,050$649$390$230$18
40 years$1,586$999$608$360$209$15
41 years$1,530$951$570$332$190$13
42 years$1,477$906$535$307$172$11
43 years$1,426$863$502$283$156$9
44 years$1,378$823$471$261$142$8
45 years$1,332$784$442$241$129$6
46 years$1,289$748$415$223$117$5
47 years$1,247$714$390$206$106$4
48 years$1,207$682$367$190$96$4
49 years$1,169$651$345$176$87$3
50 years$1,133$622$324$163$79$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,160,000, adding $6,603 every year, while hoping to spend $56,380 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: 55/21/24 Blend
44$1,160,000$1,160,000$1,160,000$1,160,000
45$1,285,131$1,223,651$1,205,671$1,347,024
46$1,356,226$1,223,622$1,186,073$1,390,219
47$1,432,684$1,221,702$1,163,929$1,430,785
48$1,514,991$1,217,739$1,139,094$1,473,783
49$1,603,683$1,211,571$1,111,416$1,519,465
50$1,699,348$1,203,027$1,080,738$1,568,110
51$1,802,631$1,191,925$1,046,892$1,620,029
52$1,914,242$1,178,072$1,009,706$1,675,566
53$2,034,962$1,161,265$968,999$1,735,104
54$2,165,648$1,141,286$924,579$1,799,068
55$2,307,241$1,117,907$876,250$1,867,930
56$2,460,780$1,090,884$823,804$1,942,214
57$2,627,402$1,059,960$767,025$2,022,500
58$2,808,362$1,024,863$705,685$2,109,431
59$3,005,038$985,304$639,548$2,203,722
60$3,218,947$940,979$568,369$2,306,163
61$3,451,758$891,566$491,887$2,417,631
62$3,705,307$836,722$409,835$2,539,097
63$3,981,614$776,087$321,930$2,671,636
64$4,282,902$709,279$227,879$2,816,440
65$4,611,620$635,896$127,375$2,974,827
66$4,970,461$555,510$20,097$3,148,257
67$5,362,390$467,672$0$3,338,345
68$5,790,671$371,906$0$3,571,049
69$6,258,899$267,708$0$3,831,238
70$6,771,029$154,548$0$4,116,043
71$7,331,419$31,866$0$4,427,979
72$7,944,866$0$0$4,769,823
73$8,616,652$0$0$5,167,962
74$9,352,595$0$0$5,612,297
75$10,159,100$0$0$6,099,347
76$11,043,225$0$0$6,633,385
77$12,012,738$0$0$7,219,120
78$13,076,200$0$0$7,861,737
79$14,243,037$0$0$8,566,949
80$15,523,633$0$0$9,341,047
81$16,929,426$0$0$10,190,961
82$18,473,015$0$0$11,124,327
83$20,168,278$0$0$12,149,553
84$22,030,505$0$0$13,275,904
85$24,076,539$0$0$14,513,586
86$26,324,935$0$0$15,873,844
87$28,796,133$0$0$17,369,064
88$31,512,655$0$0$19,012,893
89$34,499,310$0$0$20,820,366
90$37,783,433$0$0$22,808,049
91$41,395,140$0$0$24,994,191
92$45,367,613$0$0$27,398,901
93$49,737,407$0$0$30,044,334
94$54,544,804$0$0$32,954,899
95$59,834,181$0$0$36,157,492
96$65,654,437$0$0$39,681,748
97$72,059,451$0$0$43,560,317
98$79,108,586$0$0$47,829,178
99$86,867,254$0$0$52,527,973
100$95,407,528$0$0$57,700,382