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%17%
1 years$83,405$82,662$81,937$81,230$80,539$78,243
2 years$41,290$40,521$39,775$39,053$38,352$36,057
3 years$27,253$26,481$25,737$25,021$24,332$22,109
4 years$20,236$19,466$18,730$18,027$17,354$15,221
5 years$16,027$15,262$14,535$13,846$13,192$11,155
6 years$13,222$12,462$11,747$11,073$10,438$8,498
7 years$11,219$10,466$9,762$9,104$8,489$6,647
8 years$9,717$8,971$8,279$7,637$7,043$5,296
9 years$8,550$7,811$7,130$6,505$5,931$4,279
10 years$7,617$6,885$6,216$5,607$5,053$3,494
11 years$6,854$6,129$5,473$4,880$4,346$2,877
12 years$6,219$5,501$4,857$4,280$3,766$2,384
13 years$5,681$4,972$4,339$3,779$3,284$1,986
14 years$5,221$4,519$3,899$3,355$2,879$1,661
15 years$4,823$4,128$3,520$2,992$2,535$1,394
16 years$4,475$3,788$3,192$2,679$2,240$1,174
17 years$4,168$3,488$2,904$2,407$1,986$991
18 years$3,895$3,223$2,651$2,169$1,766$838
19 years$3,652$2,987$2,427$1,960$1,574$709
20 years$3,433$2,776$2,227$1,775$1,406$602
21 years$3,235$2,586$2,049$1,611$1,258$511
22 years$3,055$2,414$1,888$1,465$1,128$434
23 years$2,891$2,257$1,743$1,334$1,013$369
24 years$2,742$2,115$1,612$1,217$910$314
25 years$2,604$1,985$1,493$1,111$819$268
26 years$2,477$1,865$1,385$1,016$738$228
27 years$2,360$1,756$1,286$930$665$195
28 years$2,251$1,654$1,196$852$600$166
29 years$2,150$1,561$1,113$781$542$142
30 years$2,056$1,474$1,036$717$490$121
31 years$1,968$1,393$966$659$443$103
32 years$1,886$1,318$901$605$400$88
33 years$1,809$1,248$842$557$362$75
34 years$1,736$1,183$786$512$328$64
35 years$1,668$1,122$735$471$297$55
36 years$1,604$1,065$688$434$269$47
37 years$1,544$1,012$644$400$244$40
38 years$1,486$962$603$369$221$34
39 years$1,432$914$565$340$201$29
40 years$1,381$870$529$314$182$25
41 years$1,332$828$496$289$165$21
42 years$1,286$789$466$267$150$18
43 years$1,242$751$437$246$136$16
44 years$1,200$716$410$228$123$13
45 years$1,160$683$385$210$112$11
46 years$1,122$652$362$194$102$10
47 years$1,086$622$340$179$92$8
48 years$1,051$594$319$166$84$7
49 years$1,018$567$300$153$76$6
50 years$986$541$282$142$69$5

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 $3,432 every year, while hoping to spend $29,762 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: 56/31/13 Blend
44$1,010,000$1,010,000$1,010,000$1,010,000
45$1,116,560$1,063,030$1,047,375$1,175,187
46$1,198,783$1,083,452$1,050,796$1,235,728
47$1,288,395$1,103,877$1,053,333$1,298,089
48$1,386,118$1,124,274$1,054,927$1,365,322
49$1,492,748$1,144,609$1,055,513$1,437,898
50$1,609,159$1,164,846$1,055,023$1,516,336
51$1,736,315$1,184,945$1,053,388$1,601,210
52$1,875,276$1,204,865$1,050,534$1,693,149
53$2,027,209$1,224,558$1,046,382$1,792,848
54$2,193,401$1,243,978$1,040,852$1,901,075
55$2,375,265$1,263,070$1,033,858$2,018,675
56$2,574,361$1,281,780$1,025,311$2,146,578
57$2,792,405$1,300,046$1,015,118$2,285,812
58$3,031,286$1,317,804$1,003,180$2,437,508
59$3,293,085$1,334,985$989,395$2,602,916
60$3,580,096$1,351,514$973,656$2,783,411
61$3,894,841$1,367,314$955,849$2,980,510
62$4,240,102$1,382,300$935,857$3,195,887
63$4,618,942$1,396,382$913,558$3,431,385
64$5,034,733$1,409,464$888,821$3,689,038
65$5,491,192$1,421,443$861,512$3,971,088
66$5,992,411$1,432,212$831,490$4,280,006
67$6,542,899$1,441,653$798,608$4,618,519
68$7,147,625$1,449,643$762,711$4,989,629
69$7,812,059$1,456,052$723,638$5,396,650
70$8,542,229$1,460,739$681,220$5,843,234
71$9,344,777$1,463,556$635,282$6,333,407
72$10,227,019$1,464,345$585,639$6,871,609
73$11,197,016$1,462,939$532,098$7,462,734
74$12,263,648$1,459,159$474,460$8,112,178
75$13,436,699$1,452,817$412,513$8,825,888
76$14,726,949$1,443,712$346,039$9,610,423
77$16,146,276$1,431,631$274,809$10,473,013
78$17,707,765$1,416,350$198,584$11,421,629
79$19,425,834$1,397,629$117,115$12,465,057
80$21,316,371$1,375,215$30,140$13,612,983
81$23,396,880$1,348,839$0$14,876,088
82$25,686,647$1,318,217$0$16,274,835
83$28,206,924$1,283,049$0$17,818,536
84$30,981,126$1,243,014$0$19,517,352
85$34,035,056$1,197,777$0$21,387,095
86$37,397,143$1,146,979$0$23,445,194
87$41,098,713$1,090,243$0$25,710,859
88$45,174,287$1,027,170$0$28,205,261
89$49,661,899$957,336$0$30,951,735
90$54,603,463$880,296$0$33,976,002
91$60,045,162$795,576$0$37,306,407
92$66,037,886$702,677$0$40,974,196
93$72,637,714$601,072$0$45,013,801
94$79,906,440$490,203$0$49,463,176
95$87,912,155$369,482$0$54,364,151
96$96,729,894$238,285$0$59,762,827
97$106,442,340$95,958$0$65,710,017
98$117,140,603$0$0$72,261,720
99$128,925,086$0$0$79,499,511
100$141,906,425$0$0$87,508,578