Can I retire at age 45 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$98,269$97,394$96,540$95,706$94,892$94,058
2 years$48,648$47,742$46,864$46,013$45,187$44,346
3 years$32,110$31,200$30,324$29,481$28,668$27,847
4 years$23,842$22,935$22,068$21,239$20,447$19,651
5 years$18,883$17,982$17,126$16,314$15,543$14,776
6 years$15,578$14,683$13,840$13,046$12,299$11,561
7 years$13,218$12,331$11,501$10,726$10,002$9,294
8 years$11,449$10,570$9,754$8,998$8,298$7,619
9 years$10,074$9,203$8,401$7,664$6,988$6,339
10 years$8,975$8,112$7,324$6,607$5,954$5,334
11 years$8,076$7,222$6,448$5,750$5,121$4,529
12 years$7,327$6,482$5,723$5,043$4,437$3,874
13 years$6,694$5,858$5,113$4,452$3,870$3,333
14 years$6,152$5,324$4,594$3,952$3,392$2,882
15 years$5,682$4,864$4,148$3,525$2,987$2,503
16 years$5,272$4,463$3,760$3,156$2,640$2,181
17 years$4,910$4,110$3,422$2,836$2,340$1,906
18 years$4,589$3,798$3,124$2,556$2,081$1,670
19 years$4,302$3,520$2,860$2,309$1,855$1,467
20 years$4,044$3,271$2,624$2,091$1,657$1,290
21 years$3,811$3,046$2,414$1,898$1,483$1,137
22 years$3,600$2,844$2,225$1,726$1,329$1,004
23 years$3,407$2,660$2,054$1,572$1,193$887
24 years$3,230$2,492$1,900$1,433$1,072$785
25 years$3,068$2,339$1,760$1,309$965$695
26 years$2,919$2,198$1,632$1,197$869$616
27 years$2,780$2,069$1,515$1,096$784$546
28 years$2,652$1,949$1,409$1,004$707$485
29 years$2,533$1,839$1,311$921$638$430
30 years$2,422$1,737$1,221$845$577$382
31 years$2,319$1,642$1,138$776$522$340
32 years$2,222$1,553$1,062$713$472$302
33 years$2,131$1,471$992$656$427$269
34 years$2,046$1,394$927$603$387$239
35 years$1,966$1,322$866$555$350$213
36 years$1,890$1,255$810$512$317$189
37 years$1,819$1,192$759$471$288$169
38 years$1,751$1,133$710$434$261$150
39 years$1,687$1,077$666$401$236$134
40 years$1,627$1,025$624$369$214$119
41 years$1,570$976$585$341$195$106
42 years$1,515$929$549$315$176$95
43 years$1,463$885$515$290$160$84
44 years$1,414$844$483$268$145$75
45 years$1,367$805$454$248$132$67
46 years$1,322$768$426$229$120$60
47 years$1,279$733$400$211$109$53
48 years$1,238$699$376$195$99$48
49 years$1,199$668$354$180$90$42
50 years$1,162$638$333$167$82$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,190,000, adding $4,514 every year, while hoping to spend $56,949 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: 42/28/30 Blend
44$1,190,000$1,190,000$1,190,000$1,190,000
45$1,316,036$1,252,966$1,234,521$1,359,589
46$1,389,679$1,253,768$1,215,284$1,392,291
47$1,468,924$1,252,701$1,193,494$1,422,026
48$1,554,283$1,249,612$1,169,006$1,453,165
49$1,646,319$1,244,342$1,141,666$1,485,873
50$1,745,647$1,236,718$1,111,315$1,520,336
51$1,852,945$1,226,560$1,077,787$1,556,763
52$1,968,960$1,213,676$1,040,907$1,595,389
53$2,094,508$1,197,860$1,000,492$1,636,475
54$2,230,492$1,178,899$956,352$1,680,317
55$2,377,899$1,156,562$908,287$1,727,242
56$2,537,819$1,130,608$856,088$1,777,620
57$2,711,447$1,100,779$799,539$1,831,861
58$2,900,102$1,066,804$738,410$1,890,424
59$3,105,229$1,028,394$672,464$1,953,822
60$3,328,423$985,246$601,452$2,022,625
61$3,571,437$937,038$525,115$2,097,469
62$3,836,198$883,427$443,181$2,179,064
63$4,124,831$824,055$355,368$2,268,198
64$4,439,670$758,540$261,379$2,365,749
65$4,783,286$686,479$160,905$2,472,693
66$5,158,511$607,446$53,626$2,590,116
67$5,568,460$520,992$0$2,719,223
68$6,016,563$426,640$0$2,880,835
69$6,506,596$323,889$0$3,076,543
70$7,042,717$212,208$0$3,290,930
71$7,629,504$91,037$0$3,525,950
72$8,272,000$0$0$3,783,762
73$8,975,755$0$0$4,079,142
74$9,746,883$0$0$4,433,682
75$10,592,118$0$0$4,822,447
76$11,518,875$0$0$5,248,867
77$12,535,322$0$0$5,716,720
78$13,650,454$0$0$6,230,166
79$14,874,180$0$0$6,793,789
80$16,217,415$0$0$7,412,639
81$17,692,180$0$0$8,092,277
82$19,311,721$0$0$8,838,829
83$21,090,625$0$0$9,659,046
84$23,044,965$0$0$10,560,362
85$25,192,444$0$0$11,550,970
86$27,552,569$0$0$12,639,893
87$30,146,827$0$0$13,837,075
88$32,998,891$0$0$15,153,468
89$36,134,845$0$0$16,601,141
90$39,583,423$0$0$18,193,390
91$43,376,286$0$0$19,944,865
92$47,548,313$0$0$21,871,707
93$52,137,939$0$0$23,991,699
94$57,187,506$0$0$26,324,437
95$62,743,672$0$0$28,891,509
96$68,857,842$0$0$31,716,706
97$75,586,659$0$0$34,826,237
98$82,992,532$0$0$38,248,986
99$91,144,230$0$0$42,016,774
100$100,117,524$0$0$46,164,668