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%13.5%
1 years$82,579$81,843$81,126$80,425$79,741$78,582
2 years$40,881$40,119$39,381$38,666$37,972$36,807
3 years$26,983$26,218$25,482$24,774$24,091$22,956
4 years$20,036$19,273$18,545$17,848$17,182$16,085
5 years$15,868$15,111$14,391$13,709$13,061$12,007
6 years$13,091$12,339$11,630$10,963$10,335$9,323
7 years$11,108$10,362$9,665$9,013$8,405$7,437
8 years$9,621$8,882$8,197$7,561$6,973$6,048
9 years$8,466$7,734$7,060$6,440$5,872$4,990
10 years$7,542$6,817$6,155$5,552$5,003$4,164
11 years$6,786$6,069$5,419$4,832$4,303$3,505
12 years$6,157$5,447$4,809$4,238$3,729$2,971
13 years$5,625$4,922$4,296$3,742$3,252$2,533
14 years$5,170$4,474$3,860$3,321$2,850$2,170
15 years$4,775$4,087$3,485$2,962$2,510$1,867
16 years$4,430$3,750$3,160$2,652$2,218$1,611
17 years$4,126$3,454$2,875$2,383$1,967$1,394
18 years$3,857$3,191$2,625$2,148$1,749$1,210
19 years$3,615$2,958$2,403$1,940$1,559$1,051
20 years$3,399$2,748$2,205$1,757$1,392$916
21 years$3,203$2,560$2,029$1,595$1,246$798
22 years$3,025$2,390$1,870$1,450$1,117$697
23 years$2,863$2,235$1,726$1,321$1,002$610
24 years$2,714$2,094$1,596$1,205$901$533
25 years$2,578$1,965$1,479$1,100$811$467
26 years$2,453$1,847$1,371$1,006$730$409
27 years$2,336$1,738$1,273$921$658$359
28 years$2,229$1,638$1,184$844$594$315
29 years$2,129$1,545$1,102$774$537$277
30 years$2,036$1,459$1,026$710$485$243
31 years$1,949$1,380$957$652$438$214
32 years$1,867$1,305$893$599$396$188
33 years$1,791$1,236$833$551$359$165
34 years$1,719$1,172$779$507$325$145
35 years$1,652$1,111$728$467$294$128
36 years$1,588$1,055$681$430$267$112
37 years$1,528$1,002$637$396$242$99
38 years$1,472$952$597$365$219$87
39 years$1,418$905$559$337$199$77
40 years$1,367$861$524$310$180$67
41 years$1,319$820$492$286$163$59
42 years$1,273$781$461$264$148$52
43 years$1,230$744$433$244$135$46
44 years$1,188$709$406$225$122$41
45 years$1,149$676$381$208$111$36
46 years$1,111$645$358$192$101$31
47 years$1,075$616$336$178$91$28
48 years$1,041$588$316$164$83$24
49 years$1,008$561$297$152$75$21
50 years$976$536$279$140$69$19

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 $6,036 every year, while hoping to spend $52,049 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: 69/24/7 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,108,226$1,055,226$1,039,726$1,183,030
46$1,165,885$1,051,552$1,019,177$1,229,666
47$1,227,682$1,045,954$996,195$1,273,730
48$1,293,982$1,038,283$970,644$1,320,515
49$1,365,188$1,028,379$942,381$1,370,278
50$1,441,743$1,016,075$911,257$1,423,301
51$1,524,131$1,001,193$877,115$1,479,898
52$1,612,887$983,546$839,792$1,540,415
53$1,708,594$962,932$799,118$1,605,234
54$1,811,895$939,141$754,913$1,674,778
55$1,923,498$911,948$706,992$1,749,514
56$2,044,178$881,117$655,160$1,829,960
57$2,174,789$846,396$599,212$1,916,686
58$2,316,268$807,520$538,936$2,010,323
59$2,469,647$764,209$474,110$2,111,569
60$2,636,060$716,164$404,502$2,221,195
61$2,816,754$663,072$329,869$2,340,053
62$3,013,102$604,601$249,958$2,469,085
63$3,226,611$540,399$164,505$2,609,329
64$3,458,943$470,096$73,233$2,761,937
65$3,711,924$393,300$0$2,928,177
66$3,987,564$309,596$0$3,111,258
67$4,288,076$218,546$0$3,316,878
68$4,615,894$119,689$0$3,541,297
69$4,973,699$12,537$0$3,786,429
70$5,364,439$0$0$4,054,389
71$5,791,363$0$0$4,374,822
72$6,258,045$0$0$4,728,770
73$6,768,421$0$0$5,115,914
74$7,326,826$0$0$5,539,548
75$7,938,031$0$0$6,003,300
76$8,607,290$0$0$6,511,164
77$9,340,391$0$0$7,067,539
78$10,143,706$0$0$7,677,270
79$11,024,252$0$0$8,345,693
80$11,989,760$0$0$9,078,682
81$13,048,741$0$0$9,882,711
82$14,210,574$0$0$10,764,907
83$15,485,586$0$0$11,733,124
84$16,885,154$0$0$12,796,011
85$18,421,808$0$0$13,963,094
86$20,109,354$0$0$15,244,869
87$21,962,998$0$0$16,652,897
88$23,999,492$0$0$18,199,916
89$26,237,291$0$0$19,899,955
90$28,696,726$0$0$21,768,474
91$31,400,195$0$0$23,822,502
92$34,372,374$0$0$26,080,800
93$37,640,451$0$0$28,564,039
94$41,234,377$0$0$31,294,993
95$45,187,153$0$0$34,298,753
96$49,535,140$0$0$37,602,964
97$54,318,396$0$0$41,238,085
98$59,581,060$0$0$45,237,677
99$65,371,765$0$0$49,638,717
100$71,744,096$0$0$54,481,946