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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$82,579$81,843$81,126$80,425$79,741$78,615
2 years$40,881$40,119$39,381$38,666$37,972$36,839
3 years$26,983$26,218$25,482$24,774$24,091$22,987
4 years$20,036$19,273$18,545$17,848$17,182$16,115
5 years$15,868$15,111$14,391$13,709$13,061$12,035
6 years$13,091$12,339$11,630$10,963$10,335$9,351
7 years$11,108$10,362$9,665$9,013$8,405$7,463
8 years$9,621$8,882$8,197$7,561$6,973$6,073
9 years$8,466$7,734$7,060$6,440$5,872$5,014
10 years$7,542$6,817$6,155$5,552$5,003$4,186
11 years$6,786$6,069$5,419$4,832$4,303$3,526
12 years$6,157$5,447$4,809$4,238$3,729$2,991
13 years$5,625$4,922$4,296$3,742$3,252$2,552
14 years$5,170$4,474$3,860$3,321$2,850$2,188
15 years$4,775$4,087$3,485$2,962$2,510$1,883
16 years$4,430$3,750$3,160$2,652$2,218$1,626
17 years$4,126$3,454$2,875$2,383$1,967$1,408
18 years$3,857$3,191$2,625$2,148$1,749$1,223
19 years$3,615$2,958$2,403$1,940$1,559$1,063
20 years$3,399$2,748$2,205$1,757$1,392$927
21 years$3,203$2,560$2,029$1,595$1,246$809
22 years$3,025$2,390$1,870$1,450$1,117$707
23 years$2,863$2,235$1,726$1,321$1,002$618
24 years$2,714$2,094$1,596$1,205$901$542
25 years$2,578$1,965$1,479$1,100$811$475
26 years$2,453$1,847$1,371$1,006$730$416
27 years$2,336$1,738$1,273$921$658$365
28 years$2,229$1,638$1,184$844$594$321
29 years$2,129$1,545$1,102$774$537$282
30 years$2,036$1,459$1,026$710$485$248
31 years$1,949$1,380$957$652$438$218
32 years$1,867$1,305$893$599$396$192
33 years$1,791$1,236$833$551$359$169
34 years$1,719$1,172$779$507$325$149
35 years$1,652$1,111$728$467$294$131
36 years$1,588$1,055$681$430$267$115
37 years$1,528$1,002$637$396$242$101
38 years$1,472$952$597$365$219$89
39 years$1,418$905$559$337$199$79
40 years$1,367$861$524$310$180$69
41 years$1,319$820$492$286$163$61
42 years$1,273$781$461$264$148$54
43 years$1,230$744$433$244$135$47
44 years$1,188$709$406$225$122$42
45 years$1,149$676$381$208$111$37
46 years$1,111$645$358$192$101$32
47 years$1,075$616$336$178$91$29
48 years$1,041$588$316$164$83$25
49 years$1,008$561$297$152$75$22
50 years$976$536$279$140$69$20

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 $5,963 every year, while hoping to spend $32,161 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: 42/48/10 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,108,151$1,055,151$1,039,651$1,151,205
46$1,186,963$1,072,634$1,040,260$1,199,363
47$1,272,736$1,089,896$1,039,812$1,247,783
48$1,366,147$1,106,892$1,038,237$1,299,490
49$1,467,938$1,123,574$1,035,462$1,354,796
50$1,578,929$1,139,891$1,031,411$1,414,046
51$1,700,021$1,155,787$1,026,005$1,477,622
52$1,832,205$1,171,202$1,019,158$1,545,945
53$1,976,574$1,186,075$1,010,784$1,619,479
54$2,134,330$1,200,338$1,000,790$1,698,736
55$2,306,794$1,213,918$989,080$1,784,283
56$2,495,426$1,226,738$975,552$1,876,746
57$2,701,828$1,238,717$960,102$1,976,814
58$2,927,766$1,249,766$942,617$2,085,250
59$3,175,187$1,259,793$922,983$2,202,895
60$3,446,231$1,268,698$901,079$2,330,677
61$3,743,258$1,276,376$876,776$2,469,624
62$4,068,866$1,282,713$849,943$2,620,865
63$4,425,914$1,287,590$820,440$2,785,652
64$4,817,556$1,290,880$788,123$2,965,363
65$5,247,261$1,292,448$752,840$3,161,522
66$5,718,853$1,292,149$714,431$3,375,809
67$6,236,543$1,289,832$672,732$3,610,080
68$6,804,970$1,285,333$627,568$3,866,382
69$7,429,244$1,278,481$578,759$4,146,975
70$8,114,994$1,269,094$526,114$4,454,354
71$8,868,422$1,256,978$469,438$4,791,270
72$9,696,358$1,241,928$408,522$5,160,762
73$10,606,331$1,223,726$343,151$5,566,180
74$11,606,630$1,202,142$273,099$6,011,224
75$12,706,390$1,176,931$198,133$6,499,975
76$13,915,677$1,147,836$118,005$7,036,935
77$15,245,578$1,114,582$32,460$7,627,071
78$16,708,310$1,076,879$0$8,275,866
79$18,317,332$1,034,420$0$8,995,642
80$20,087,475$986,882$0$9,790,897
81$22,035,078$933,920$0$10,665,555
82$24,178,145$875,172$0$11,627,764
83$26,536,513$810,252$0$12,686,512
84$29,132,039$738,756$0$13,851,711
85$31,988,806$660,254$0$15,134,292
86$35,133,350$574,292$0$16,546,307
87$38,594,910$480,391$0$18,101,050
88$42,405,706$378,045$0$19,813,175
89$46,601,237$266,718$0$21,698,846
90$51,220,622$145,846$0$23,775,883
91$56,306,965$14,833$0$26,063,936
92$61,907,763$0$0$28,584,671
93$68,075,353$0$0$31,429,033
94$74,867,407$0$0$34,570,180
95$82,347,474$0$0$38,029,689
96$90,585,581$0$0$41,839,967
97$99,658,893$0$0$46,036,729
98$109,652,440$0$0$50,659,327
99$120,659,922$0$0$55,751,125
100$132,784,590$0$0$61,359,910