Can I retire at age 45 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$83,405$82,662$81,937$81,230$80,539$78,496
2 years$41,290$40,521$39,775$39,053$38,352$36,307
3 years$27,253$26,481$25,737$25,021$24,332$22,349
4 years$20,236$19,466$18,730$18,027$17,354$15,448
5 years$16,027$15,262$14,535$13,846$13,192$11,369
6 years$13,222$12,462$11,747$11,073$10,438$8,700
7 years$11,219$10,466$9,762$9,104$8,489$6,835
8 years$9,717$8,971$8,279$7,637$7,043$5,472
9 years$8,550$7,811$7,130$6,505$5,931$4,443
10 years$7,617$6,885$6,216$5,607$5,053$3,646
11 years$6,854$6,129$5,473$4,880$4,346$3,017
12 years$6,219$5,501$4,857$4,280$3,766$2,513
13 years$5,681$4,972$4,339$3,779$3,284$2,105
14 years$5,221$4,519$3,899$3,355$2,879$1,770
15 years$4,823$4,128$3,520$2,992$2,535$1,495
16 years$4,475$3,788$3,192$2,679$2,240$1,266
17 years$4,168$3,488$2,904$2,407$1,986$1,074
18 years$3,895$3,223$2,651$2,169$1,766$914
19 years$3,652$2,987$2,427$1,960$1,574$778
20 years$3,433$2,776$2,227$1,775$1,406$664
21 years$3,235$2,586$2,049$1,611$1,258$568
22 years$3,055$2,414$1,888$1,465$1,128$485
23 years$2,891$2,257$1,743$1,334$1,013$416
24 years$2,742$2,115$1,612$1,217$910$356
25 years$2,604$1,985$1,493$1,111$819$305
26 years$2,477$1,865$1,385$1,016$738$262
27 years$2,360$1,756$1,286$930$665$225
28 years$2,251$1,654$1,196$852$600$193
29 years$2,150$1,561$1,113$781$542$166
30 years$2,056$1,474$1,036$717$490$142
31 years$1,968$1,393$966$659$443$122
32 years$1,886$1,318$901$605$400$105
33 years$1,809$1,248$842$557$362$90
34 years$1,736$1,183$786$512$328$78
35 years$1,668$1,122$735$471$297$67
36 years$1,604$1,065$688$434$269$57
37 years$1,544$1,012$644$400$244$49
38 years$1,486$962$603$369$221$42
39 years$1,432$914$565$340$201$37
40 years$1,381$870$529$314$182$31
41 years$1,332$828$496$289$165$27
42 years$1,286$789$466$267$150$23
43 years$1,242$751$437$246$136$20
44 years$1,200$716$410$228$123$17
45 years$1,160$683$385$210$112$15
46 years$1,122$652$362$194$102$13
47 years$1,086$622$340$179$92$11
48 years$1,051$594$319$166$84$9
49 years$1,018$567$300$153$76$8
50 years$986$541$282$142$69$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,010,000, adding $4,394 every year, while hoping to spend $47,669 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: 51/43/6 Blend
44$1,010,000$1,010,000$1,010,000$1,010,000
45$1,117,552$1,064,022$1,048,367$1,172,704
46$1,180,823$1,065,440$1,032,768$1,212,085
47$1,248,950$1,065,330$1,015,049$1,249,345
48$1,322,378$1,063,566$995,088$1,288,704
49$1,401,596$1,060,015$972,758$1,330,367
50$1,487,140$1,054,538$947,927$1,374,566
51$1,579,601$1,046,983$920,456$1,421,555
52$1,679,628$1,037,192$890,198$1,471,620
53$1,787,932$1,024,997$857,003$1,525,075
54$1,905,299$1,010,220$820,710$1,582,270
55$2,032,590$992,671$781,154$1,643,595
56$2,170,752$972,150$738,161$1,709,481
57$2,320,828$948,445$691,549$1,780,408
58$2,483,965$921,331$641,128$1,856,906
59$2,661,424$890,570$586,700$1,939,565
60$2,854,592$855,912$528,058$2,029,039
61$3,064,998$817,088$464,984$2,126,053
62$3,294,320$773,818$397,254$2,231,410
63$3,544,410$725,804$324,631$2,346,001
64$3,817,301$672,730$246,868$2,470,813
65$4,115,236$614,264$163,708$2,606,939
66$4,440,680$550,053$74,882$2,755,589
67$4,796,348$479,724$0$2,918,105
68$5,185,230$402,885$0$3,097,246
69$5,610,617$319,120$0$3,298,579
70$6,076,133$227,990$0$3,519,145
71$6,585,769$129,032$0$3,760,978
72$7,143,918$21,755$0$4,026,325
73$7,755,420$0$0$4,317,674
74$8,425,605$0$0$4,682,420
75$9,160,341$0$0$5,093,689
76$9,966,092$0$0$5,544,818
77$10,849,980$0$0$6,039,806
78$11,819,845$0$0$6,583,059
79$12,884,326$0$0$7,179,431
80$14,052,938$0$0$7,834,267
81$15,336,163$0$0$8,553,457
82$16,745,546$0$0$9,343,486
83$18,293,807$0$0$10,211,503
84$19,994,957$0$0$11,165,379
85$21,864,433$0$0$12,213,787
86$23,919,239$0$0$13,366,284
87$26,178,112$0$0$14,633,397
88$28,661,692$0$0$16,026,723
89$31,392,720$0$0$17,559,041
90$34,396,250$0$0$19,244,429
91$37,699,887$0$0$21,098,400
92$41,334,043$0$0$23,138,044
93$45,332,230$0$0$25,382,190
94$49,731,369$0$0$27,851,588
95$54,572,140$0$0$30,569,098
96$59,899,367$0$0$33,559,907
97$65,762,438$0$0$36,851,772
98$72,215,773$0$0$40,475,272
99$79,319,334$0$0$44,464,105
100$87,139,191$0$0$48,855,400