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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$82,579$81,843$81,126$80,425$79,741$79,339
2 years$40,881$40,119$39,381$38,666$37,972$37,566
3 years$26,983$26,218$25,482$24,774$24,091$23,693
4 years$20,036$19,273$18,545$17,848$17,182$16,796
5 years$15,868$15,111$14,391$13,709$13,061$12,689
6 years$13,091$12,339$11,630$10,963$10,335$9,976
7 years$11,108$10,362$9,665$9,013$8,405$8,060
8 years$9,621$8,882$8,197$7,561$6,973$6,641
9 years$8,466$7,734$7,060$6,440$5,872$5,554
10 years$7,542$6,817$6,155$5,552$5,003$4,699
11 years$6,786$6,069$5,419$4,832$4,303$4,012
12 years$6,157$5,447$4,809$4,238$3,729$3,451
13 years$5,625$4,922$4,296$3,742$3,252$2,987
14 years$5,170$4,474$3,860$3,321$2,850$2,598
15 years$4,775$4,087$3,485$2,962$2,510$2,269
16 years$4,430$3,750$3,160$2,652$2,218$1,990
17 years$4,126$3,454$2,875$2,383$1,967$1,750
18 years$3,857$3,191$2,625$2,148$1,749$1,543
19 years$3,615$2,958$2,403$1,940$1,559$1,364
20 years$3,399$2,748$2,205$1,757$1,392$1,208
21 years$3,203$2,560$2,029$1,595$1,246$1,071
22 years$3,025$2,390$1,870$1,450$1,117$952
23 years$2,863$2,235$1,726$1,321$1,002$847
24 years$2,714$2,094$1,596$1,205$901$754
25 years$2,578$1,965$1,479$1,100$811$673
26 years$2,453$1,847$1,371$1,006$730$600
27 years$2,336$1,738$1,273$921$658$536
28 years$2,229$1,638$1,184$844$594$479
29 years$2,129$1,545$1,102$774$537$429
30 years$2,036$1,459$1,026$710$485$384
31 years$1,949$1,380$957$652$438$343
32 years$1,867$1,305$893$599$396$308
33 years$1,791$1,236$833$551$359$276
34 years$1,719$1,172$779$507$325$247
35 years$1,652$1,111$728$467$294$222
36 years$1,588$1,055$681$430$267$199
37 years$1,528$1,002$637$396$242$178
38 years$1,472$952$597$365$219$160
39 years$1,418$905$559$337$199$144
40 years$1,367$861$524$310$180$129
41 years$1,319$820$492$286$163$116
42 years$1,273$781$461$264$148$104
43 years$1,230$744$433$244$135$93
44 years$1,188$709$406$225$122$84
45 years$1,149$676$381$208$111$75
46 years$1,111$645$358$192$101$68
47 years$1,075$616$336$178$91$61
48 years$1,041$588$316$164$83$55
49 years$1,008$561$297$152$75$49
50 years$976$536$279$140$69$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,000,000, adding $2,140 every year, while hoping to spend $56,627 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: 64/10/26 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,104,207$1,051,207$1,035,707$1,167,178
46$1,156,586$1,042,466$1,010,153$1,201,263
47$1,212,409$1,031,398$981,844$1,232,016
48$1,271,969$1,017,830$950,630$1,264,365
49$1,335,584$1,001,578$916,350$1,298,475
50$1,403,605$982,447$878,840$1,334,527
51$1,476,415$960,230$837,924$1,372,723
52$1,554,436$934,708$793,421$1,413,289
53$1,638,129$905,649$745,141$1,456,475
54$1,728,001$872,808$692,886$1,502,559
55$1,824,607$835,926$636,447$1,551,851
56$1,928,558$794,728$575,609$1,604,694
57$2,040,524$748,922$510,145$1,661,470
58$2,161,241$698,203$439,819$1,722,602
59$2,291,518$642,245$364,383$1,788,560
60$2,432,242$580,705$283,579$1,859,866
61$2,584,391$513,219$197,139$1,937,098
62$2,749,036$439,405$104,781$2,020,897
63$2,927,359$358,856$6,212$2,111,974
64$3,120,654$271,145$0$2,211,116
65$3,330,349$175,819$0$2,346,655
66$3,558,011$72,401$0$2,495,723
67$3,805,366$0$0$2,657,757
68$4,074,311$0$0$2,838,399
69$4,366,934$0$0$3,043,673
70$4,685,530$0$0$3,267,231
71$5,032,629$0$0$3,510,855
72$5,411,010$0$0$3,776,506
73$5,823,736$0$0$4,066,340
74$6,274,175$0$0$4,382,733
75$6,766,036$0$0$4,728,300
76$7,303,401$0$0$5,105,918
77$7,890,765$0$0$5,518,756
78$8,533,077$0$0$5,970,303
79$9,235,784$0$0$6,464,399
80$10,004,886$0$0$7,005,275
81$10,846,988$0$0$7,597,587
82$11,769,365$0$0$8,246,465
83$12,780,029$0$0$8,957,557
84$13,887,801$0$0$9,737,084
85$15,102,398$0$0$10,591,898
86$16,434,522$0$0$11,529,544
87$17,895,961$0$0$12,558,333
88$19,499,698$0$0$13,687,422
89$21,260,034$0$0$14,926,894
90$23,192,723$0$0$16,287,858
91$25,315,117$0$0$17,782,551
92$27,646,332$0$0$19,424,452
93$30,207,427$0$0$21,228,412
94$33,021,601$0$0$23,210,789
95$36,114,410$0$0$25,389,607
96$39,514,011$0$0$27,784,721
97$43,251,423$0$0$30,418,006
98$47,360,821$0$0$33,313,562
99$51,879,857$0$0$36,497,941
100$56,850,014$0$0$40,000,399