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%14.5%
1 years$82,579$81,843$81,126$80,425$79,741$78,259
2 years$40,881$40,119$39,381$38,666$37,972$36,485
3 years$26,983$26,218$25,482$24,774$24,091$22,644
4 years$20,036$19,273$18,545$17,848$17,182$15,787
5 years$15,868$15,111$14,391$13,709$13,061$11,723
6 years$13,091$12,339$11,630$10,963$10,335$9,054
7 years$11,108$10,362$9,665$9,013$8,405$7,182
8 years$9,621$8,882$8,197$7,561$6,973$5,807
9 years$8,466$7,734$7,060$6,440$5,872$4,763
10 years$7,542$6,817$6,155$5,552$5,003$3,950
11 years$6,786$6,069$5,419$4,832$4,303$3,304
12 years$6,157$5,447$4,809$4,238$3,729$2,783
13 years$5,625$4,922$4,296$3,742$3,252$2,357
14 years$5,170$4,474$3,860$3,321$2,850$2,006
15 years$4,775$4,087$3,485$2,962$2,510$1,714
16 years$4,430$3,750$3,160$2,652$2,218$1,468
17 years$4,126$3,454$2,875$2,383$1,967$1,262
18 years$3,857$3,191$2,625$2,148$1,749$1,087
19 years$3,615$2,958$2,403$1,940$1,559$938
20 years$3,399$2,748$2,205$1,757$1,392$811
21 years$3,203$2,560$2,029$1,595$1,246$702
22 years$3,025$2,390$1,870$1,450$1,117$608
23 years$2,863$2,235$1,726$1,321$1,002$527
24 years$2,714$2,094$1,596$1,205$901$458
25 years$2,578$1,965$1,479$1,100$811$398
26 years$2,453$1,847$1,371$1,006$730$346
27 years$2,336$1,738$1,273$921$658$301
28 years$2,229$1,638$1,184$844$594$262
29 years$2,129$1,545$1,102$774$537$228
30 years$2,036$1,459$1,026$710$485$199
31 years$1,949$1,380$957$652$438$173
32 years$1,867$1,305$893$599$396$151
33 years$1,791$1,236$833$551$359$132
34 years$1,719$1,172$779$507$325$115
35 years$1,652$1,111$728$467$294$100
36 years$1,588$1,055$681$430$267$87
37 years$1,528$1,002$637$396$242$76
38 years$1,472$952$597$365$219$67
39 years$1,418$905$559$337$199$58
40 years$1,367$861$524$310$180$51
41 years$1,319$820$492$286$163$44
42 years$1,273$781$461$264$148$39
43 years$1,230$744$433$244$135$34
44 years$1,188$709$406$225$122$29
45 years$1,149$676$381$208$111$26
46 years$1,111$645$358$192$101$22
47 years$1,075$616$336$178$91$20
48 years$1,041$588$316$164$83$17
49 years$1,008$561$297$152$75$15
50 years$976$536$279$140$69$13

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 $6,339 every year, while hoping to spend $43,266 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: 52/24/24 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,108,539$1,055,539$1,040,039$1,158,474
46$1,175,575$1,061,225$1,028,845$1,199,374
47$1,247,999$1,065,741$1,015,827$1,238,889
48$1,326,314$1,068,981$1,000,876$1,280,983
49$1,411,075$1,070,838$983,882$1,325,919
50$1,502,889$1,071,194$964,728$1,373,987
51$1,602,428$1,069,926$943,289$1,425,509
52$1,710,425$1,066,903$919,440$1,480,842
53$1,827,692$1,061,984$893,044$1,540,383
54$1,955,119$1,055,023$863,963$1,604,569
55$2,093,684$1,045,863$832,049$1,673,885
56$2,244,466$1,034,336$797,149$1,748,871
57$2,408,650$1,020,268$759,103$1,830,120
58$2,587,542$1,003,470$717,742$1,918,293
59$2,782,577$983,746$672,892$2,014,118
60$2,995,335$960,884$624,369$2,118,404
61$3,227,556$934,664$571,982$2,232,043
62$3,481,154$904,851$515,531$2,356,026
63$3,758,238$871,194$454,807$2,491,444
64$4,061,127$833,432$389,592$2,639,507
65$4,392,377$791,285$319,658$2,801,554
66$4,754,800$744,458$244,767$2,979,062
67$5,151,494$692,641$164,671$3,173,668
68$5,585,869$635,504$79,111$3,387,178
69$6,061,682$572,697$0$3,621,589
70$6,583,068$503,855$0$3,882,234
71$7,154,584$428,586$0$4,190,251
72$7,781,245$346,480$0$4,528,130
73$8,468,578$257,104$0$4,898,929
74$9,222,668$159,997$0$5,306,019
75$10,050,220$54,677$0$5,753,118
76$10,958,618$0$0$6,244,330
77$11,955,996$0$0$6,799,857
78$13,051,314$0$0$7,425,899
79$14,254,442$0$0$8,113,669
80$15,576,253$0$0$8,869,397
81$17,028,727$0$0$9,699,945
82$18,625,060$0$0$10,612,875
83$20,379,790$0$0$11,616,514
84$22,308,933$0$0$12,720,040
85$24,430,138$0$0$13,933,563
86$26,762,844$0$0$15,268,222
87$29,328,473$0$0$16,736,289
88$32,150,624$0$0$18,351,287
89$35,255,300$0$0$20,128,113
90$38,671,151$0$0$22,083,182
91$42,429,742$0$0$24,234,582
92$46,565,854$0$0$26,602,240
93$51,117,811$0$0$29,208,115
94$56,127,838$0$0$32,076,401
95$61,642,462$0$0$35,233,758
96$67,712,950$0$0$38,709,560
97$74,395,790$0$0$42,536,176
98$81,753,228$0$0$46,749,271
99$89,853,851$0$0$51,388,146
100$98,773,233$0$0$56,496,105