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%19.9%
1 years$82,579$81,843$81,126$80,425$79,741$76,578
2 years$40,881$40,119$39,381$38,666$37,972$34,824
3 years$26,983$26,218$25,482$24,774$24,091$21,057
4 years$20,036$19,273$18,545$17,848$17,182$14,286
5 years$15,868$15,111$14,391$13,709$13,061$10,311
6 years$13,091$12,339$11,630$10,963$10,335$7,731
7 years$11,108$10,362$9,665$9,013$8,405$5,947
8 years$9,621$8,882$8,197$7,561$6,973$4,658
9 years$8,466$7,734$7,060$6,440$5,872$3,698
10 years$7,542$6,817$6,155$5,552$5,003$2,965
11 years$6,786$6,069$5,419$4,832$4,303$2,395
12 years$6,157$5,447$4,809$4,238$3,729$1,947
13 years$5,625$4,922$4,296$3,742$3,252$1,590
14 years$5,170$4,474$3,860$3,321$2,850$1,304
15 years$4,775$4,087$3,485$2,962$2,510$1,072
16 years$4,430$3,750$3,160$2,652$2,218$884
17 years$4,126$3,454$2,875$2,383$1,967$730
18 years$3,857$3,191$2,625$2,148$1,749$604
19 years$3,615$2,958$2,403$1,940$1,559$501
20 years$3,399$2,748$2,205$1,757$1,392$415
21 years$3,203$2,560$2,029$1,595$1,246$345
22 years$3,025$2,390$1,870$1,450$1,117$286
23 years$2,863$2,235$1,726$1,321$1,002$238
24 years$2,714$2,094$1,596$1,205$901$198
25 years$2,578$1,965$1,479$1,100$811$165
26 years$2,453$1,847$1,371$1,006$730$137
27 years$2,336$1,738$1,273$921$658$114
28 years$2,229$1,638$1,184$844$594$95
29 years$2,129$1,545$1,102$774$537$79
30 years$2,036$1,459$1,026$710$485$66
31 years$1,949$1,380$957$652$438$55
32 years$1,867$1,305$893$599$396$46
33 years$1,791$1,236$833$551$359$38
34 years$1,719$1,172$779$507$325$32
35 years$1,652$1,111$728$467$294$27
36 years$1,588$1,055$681$430$267$22
37 years$1,528$1,002$637$396$242$19
38 years$1,472$952$597$365$219$15
39 years$1,418$905$559$337$199$13
40 years$1,367$861$524$310$180$11
41 years$1,319$820$492$286$163$9
42 years$1,273$781$461$264$148$7
43 years$1,230$744$433$244$135$6
44 years$1,188$709$406$225$122$5
45 years$1,149$676$381$208$111$4
46 years$1,111$645$358$192$101$4
47 years$1,075$616$336$178$91$3
48 years$1,041$588$316$164$83$3
49 years$1,008$561$297$152$75$2
50 years$976$536$279$140$69$2

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 $6,934 every year, while hoping to spend $20,878 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: 32/48/20 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,109,152$1,056,152$1,040,652$1,137,579
46$1,200,072$1,085,690$1,053,300$1,188,973
47$1,299,566$1,115,975$1,065,672$1,241,909
48$1,408,486$1,147,022$1,077,736$1,298,491
49$1,527,771$1,178,846$1,089,461$1,359,050
50$1,658,456$1,211,462$1,100,809$1,423,951
51$1,801,678$1,244,883$1,111,746$1,493,596
52$1,958,692$1,279,125$1,122,233$1,568,425
53$2,130,878$1,314,202$1,132,227$1,648,926
54$2,319,758$1,350,128$1,141,687$1,735,632
55$2,527,007$1,386,918$1,150,567$1,829,133
56$2,754,470$1,424,586$1,158,820$1,930,076
57$3,004,181$1,463,145$1,166,395$2,039,175
58$3,278,377$1,502,609$1,173,239$2,157,215
59$3,579,527$1,542,992$1,179,298$2,285,062
60$3,910,346$1,584,306$1,184,512$2,423,668
61$4,273,829$1,626,564$1,188,820$2,574,083
62$4,673,273$1,669,779$1,192,159$2,737,463
63$5,112,311$1,713,962$1,194,460$2,915,080
64$5,594,945$1,759,125$1,195,653$3,108,338
65$6,125,585$1,805,278$1,195,663$3,318,780
66$6,709,088$1,852,430$1,194,412$3,548,110
67$7,350,808$1,900,592$1,191,818$3,798,202
68$8,056,642$1,949,772$1,187,794$4,071,123
69$8,833,085$1,999,978$1,182,252$4,369,149
70$9,687,299$2,051,215$1,175,096$4,694,788
71$10,627,168$2,103,490$1,166,227$5,050,805
72$11,661,386$2,156,807$1,155,542$5,440,245
73$12,799,526$2,211,169$1,142,931$5,866,463
74$14,052,140$2,266,579$1,128,282$6,333,158
75$15,430,853$2,323,036$1,111,474$6,844,405
76$16,948,474$2,380,539$1,092,383$7,404,695
77$18,619,119$2,439,086$1,070,878$8,018,977
78$20,458,339$2,498,671$1,046,822$8,692,705
79$22,483,272$2,559,289$1,020,073$9,431,889
80$24,712,801$2,620,929$990,481$10,243,153
81$27,167,733$2,683,581$957,889$11,133,796
82$29,870,997$2,747,231$922,133$12,111,864
83$32,847,856$2,811,863$883,042$13,186,221
84$36,126,151$2,877,458$840,437$14,366,639
85$39,736,557$2,943,992$794,131$15,663,886
86$43,712,880$3,011,442$743,928$17,089,829
87$48,092,368$3,079,777$689,624$18,657,547
88$52,916,068$3,148,964$631,005$20,381,455
89$58,229,212$3,218,968$567,848$22,277,437
90$64,081,641$3,289,747$499,920$24,363,002
91$70,528,278$3,361,255$426,978$26,657,445
92$77,629,648$3,433,441$348,766$29,182,031
93$85,452,442$3,506,251$265,021$31,960,195
94$94,070,156$3,579,622$175,464$35,017,767
95$103,563,776$3,653,487$79,806$38,383,212
96$114,022,547$3,727,774$0$42,087,903
97$125,544,814$3,802,401$0$46,171,169
98$138,238,948$3,877,282$0$50,684,843
99$152,224,374$3,952,322$0$55,653,943
100$167,632,693$4,027,419$0$61,124,824