Can I retire at age 45 with 1,020,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$84,231$83,480$82,748$82,034$81,336$79,694
2 years$41,698$40,922$40,169$39,439$38,732$37,084
3 years$27,523$26,743$25,992$25,269$24,573$22,972
4 years$20,436$19,659$18,916$18,205$17,526$15,983
5 years$16,186$15,413$14,679$13,983$13,323$11,843
6 years$13,353$12,586$11,863$11,182$10,542$9,127
7 years$11,330$10,569$9,858$9,194$8,573$7,223
8 years$9,814$9,060$8,361$7,712$7,112$5,827
9 years$8,635$7,888$7,201$6,569$5,990$4,768
10 years$7,692$6,953$6,278$5,663$5,103$3,944
11 years$6,922$6,190$5,527$4,928$4,389$3,291
12 years$6,280$5,556$4,905$4,323$3,804$2,765
13 years$5,738$5,021$4,382$3,816$3,317$2,336
14 years$5,273$4,564$3,938$3,388$2,907$1,982
15 years$4,871$4,169$3,555$3,021$2,560$1,689
16 years$4,519$3,825$3,223$2,705$2,262$1,443
17 years$4,209$3,523$2,933$2,431$2,006$1,236
18 years$3,934$3,255$2,677$2,190$1,784$1,062
19 years$3,688$3,017$2,451$1,979$1,590$914
20 years$3,467$2,803$2,249$1,793$1,420$787
21 years$3,267$2,611$2,069$1,627$1,271$679
22 years$3,085$2,438$1,907$1,479$1,139$587
23 years$2,920$2,280$1,761$1,347$1,023$507
24 years$2,769$2,136$1,628$1,229$919$439
25 years$2,630$2,005$1,508$1,122$827$380
26 years$2,502$1,884$1,399$1,026$745$330
27 years$2,383$1,773$1,299$939$672$286
28 years$2,273$1,671$1,208$860$606$248
29 years$2,171$1,576$1,124$789$547$215
30 years$2,076$1,488$1,047$724$494$187
31 years$1,988$1,407$976$665$447$162
32 years$1,905$1,331$910$611$404$141
33 years$1,827$1,261$850$562$366$123
34 years$1,754$1,195$794$517$331$107
35 years$1,685$1,133$743$476$300$93
36 years$1,620$1,076$695$438$272$81
37 years$1,559$1,022$650$404$246$70
38 years$1,501$971$609$372$223$61
39 years$1,446$923$570$343$203$53
40 years$1,395$879$535$317$184$46
41 years$1,345$836$501$292$167$40
42 years$1,299$796$470$270$151$35
43 years$1,254$759$441$249$137$30
44 years$1,212$723$414$230$125$26
45 years$1,172$690$389$212$113$23
46 years$1,133$658$365$196$103$20
47 years$1,097$628$343$181$93$17
48 years$1,061$599$323$167$85$15
49 years$1,028$572$303$155$77$13
50 years$996$547$285$143$70$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,020,000, adding $6,354 every year, while hoping to spend $33,401 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: 45/41/14 Blend
44$1,020,000$1,020,000$1,020,000$1,020,000
45$1,130,594$1,076,534$1,060,724$1,176,681
46$1,210,376$1,093,746$1,060,720$1,226,622
47$1,297,177$1,110,682$1,059,596$1,276,867
48$1,391,676$1,127,292$1,057,280$1,330,620
49$1,494,624$1,143,526$1,053,695$1,388,219
50$1,606,843$1,159,327$1,048,762$1,450,037
51$1,729,241$1,174,634$1,042,396$1,516,486
52$1,862,817$1,189,384$1,034,509$1,588,022
53$2,008,669$1,203,509$1,025,010$1,665,146
54$2,168,007$1,216,934$1,013,802$1,748,412
55$2,342,163$1,229,583$1,000,783$1,838,434
56$2,532,603$1,241,372$985,849$1,935,887
57$2,740,941$1,252,212$968,887$2,041,518
58$2,968,955$1,262,009$949,783$2,156,151
59$3,218,603$1,270,661$928,415$2,280,695
60$3,492,039$1,278,062$904,655$2,416,156
61$3,791,637$1,284,097$878,372$2,563,642
62$4,120,012$1,288,646$849,425$2,724,377
63$4,480,042$1,291,579$817,670$2,899,712
64$4,874,899$1,292,759$782,954$3,091,140
65$5,308,075$1,292,040$745,119$3,300,307
66$5,783,417$1,289,268$703,999$3,529,030
67$6,305,162$1,284,279$659,419$3,779,314
68$6,877,977$1,276,898$611,199$4,053,374
69$7,507,006$1,266,940$559,149$4,353,652
70$8,197,910$1,254,210$503,070$4,682,844
71$8,956,931$1,238,500$442,757$5,043,925
72$9,790,940$1,219,589$377,992$5,440,178
73$10,707,512$1,197,245$308,550$5,875,225
74$11,714,987$1,171,219$234,196$6,353,063
75$12,822,557$1,141,250$154,683$6,878,102
76$14,040,348$1,107,061$69,754$7,455,206
77$15,379,514$1,068,358$0$8,089,743
78$16,852,348$1,024,831$0$8,790,753
79$18,472,390$976,151$0$9,572,972
80$20,254,562$921,970$0$10,433,217
81$22,215,302$861,921$0$11,379,484
82$24,372,723$795,615$0$12,420,586
83$26,746,781$722,641$0$13,566,243
84$29,359,467$642,564$0$14,827,173
85$32,235,009$554,926$0$16,215,193
86$35,400,104$459,242$0$17,743,333
87$38,884,168$354,998$0$19,425,959
88$42,719,614$241,654$0$21,278,913
89$46,942,157$118,637$0$23,319,660
90$51,591,152$0$0$25,567,454
91$56,709,962$0$0$28,050,138
92$62,346,371$0$0$30,842,955
93$68,553,031$0$0$33,918,488
94$75,387,962$0$0$37,305,505
95$82,915,095$0$0$41,035,710
96$91,204,879$0$0$45,144,035
97$100,334,943$0$0$49,668,973
98$110,390,829$0$0$54,652,942
99$121,466,800$0$0$60,142,685
100$133,666,727$0$0$66,189,709