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

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$84,231$83,480$82,748$82,034$81,336$79,727
2 years$41,698$40,922$40,169$39,439$38,732$37,117
3 years$27,523$26,743$25,992$25,269$24,573$23,003
4 years$20,436$19,659$18,916$18,205$17,526$16,013
5 years$16,186$15,413$14,679$13,983$13,323$11,872
6 years$13,353$12,586$11,863$11,182$10,542$9,154
7 years$11,330$10,569$9,858$9,194$8,573$7,249
8 years$9,814$9,060$8,361$7,712$7,112$5,851
9 years$8,635$7,888$7,201$6,569$5,990$4,790
10 years$7,692$6,953$6,278$5,663$5,103$3,965
11 years$6,922$6,190$5,527$4,928$4,389$3,311
12 years$6,280$5,556$4,905$4,323$3,804$2,783
13 years$5,738$5,021$4,382$3,816$3,317$2,353
14 years$5,273$4,564$3,938$3,388$2,907$1,998
15 years$4,871$4,169$3,555$3,021$2,560$1,703
16 years$4,519$3,825$3,223$2,705$2,262$1,457
17 years$4,209$3,523$2,933$2,431$2,006$1,249
18 years$3,934$3,255$2,677$2,190$1,784$1,073
19 years$3,688$3,017$2,451$1,979$1,590$924
20 years$3,467$2,803$2,249$1,793$1,420$797
21 years$3,267$2,611$2,069$1,627$1,271$688
22 years$3,085$2,438$1,907$1,479$1,139$595
23 years$2,920$2,280$1,761$1,347$1,023$515
24 years$2,769$2,136$1,628$1,229$919$446
25 years$2,630$2,005$1,508$1,122$827$387
26 years$2,502$1,884$1,399$1,026$745$335
27 years$2,383$1,773$1,299$939$672$291
28 years$2,273$1,671$1,208$860$606$253
29 years$2,171$1,576$1,124$789$547$220
30 years$2,076$1,488$1,047$724$494$191
31 years$1,988$1,407$976$665$447$166
32 years$1,905$1,331$910$611$404$144
33 years$1,827$1,261$850$562$366$125
34 years$1,754$1,195$794$517$331$109
35 years$1,685$1,133$743$476$300$95
36 years$1,620$1,076$695$438$272$83
37 years$1,559$1,022$650$404$246$72
38 years$1,501$971$609$372$223$63
39 years$1,446$923$570$343$203$54
40 years$1,395$879$535$317$184$47
41 years$1,345$836$501$292$167$41
42 years$1,299$796$470$270$151$36
43 years$1,254$759$441$249$137$31
44 years$1,212$723$414$230$125$27
45 years$1,172$690$389$212$113$24
46 years$1,133$658$365$196$103$21
47 years$1,097$628$343$181$93$18
48 years$1,061$599$323$167$85$16
49 years$1,028$572$303$155$77$14
50 years$996$547$285$143$70$12

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 $4,720 every year, while hoping to spend $21,742 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: 36/47/17 Blend
44$1,020,000$1,020,000$1,020,000$1,020,000
45$1,128,909$1,074,849$1,059,039$1,163,542
46$1,220,924$1,104,383$1,071,383$1,218,610
47$1,321,596$1,134,636$1,083,412$1,275,625
48$1,431,785$1,165,619$1,095,093$1,336,716
49$1,552,439$1,197,346$1,106,390$1,402,259
50$1,684,599$1,229,827$1,117,265$1,472,667
51$1,829,414$1,263,074$1,127,680$1,548,394
52$1,988,149$1,297,100$1,137,592$1,629,941
53$2,162,198$1,331,916$1,146,959$1,717,858
54$2,353,095$1,367,532$1,155,735$1,812,751
55$2,562,529$1,403,960$1,163,870$1,915,288
56$2,792,362$1,441,209$1,171,315$2,026,203
57$3,044,644$1,479,289$1,178,015$2,146,306
58$3,321,634$1,518,211$1,183,915$2,276,487
59$3,625,820$1,557,982$1,188,955$2,417,727
60$3,959,942$1,598,612$1,193,074$2,571,106
61$4,327,020$1,640,108$1,196,206$2,737,816
62$4,730,379$1,682,476$1,198,282$2,919,166
63$5,173,684$1,725,724$1,199,231$3,116,602
64$5,660,972$1,769,856$1,198,977$3,331,713
65$6,196,689$1,814,878$1,197,441$3,566,253
66$6,785,736$1,860,791$1,194,540$3,822,153
67$7,433,511$1,907,600$1,190,187$4,101,540
68$8,145,962$1,955,304$1,184,290$4,406,759
69$8,929,640$2,003,905$1,176,754$4,740,391
70$9,791,767$2,053,399$1,167,479$5,105,284
71$10,740,296$2,103,785$1,156,359$5,504,573
72$11,783,993$2,155,058$1,143,284$5,941,714
73$12,932,516$2,207,210$1,128,139$6,420,515
74$14,196,504$2,260,235$1,110,803$6,945,171
75$15,587,682$2,314,122$1,091,150$7,520,308
76$17,118,969$2,368,857$1,069,047$8,151,020
77$18,804,600$2,424,427$1,044,356$8,842,924
78$20,660,259$2,480,814$1,016,932$9,602,208
79$22,703,230$2,537,998$986,623$10,435,693
80$24,952,556$2,595,957$953,271$11,350,893
81$27,429,221$2,654,663$916,711$12,356,093
82$30,156,349$2,714,089$876,768$13,460,422
83$33,159,418$2,774,201$833,261$14,673,938
84$36,466,504$2,834,962$786,001$16,007,729
85$40,108,546$2,896,333$734,790$17,474,015
86$44,119,633$2,958,269$679,420$19,086,261
87$48,537,331$3,020,720$619,677$20,859,309
88$53,403,036$3,083,632$555,333$22,809,514
89$58,762,361$3,146,946$486,152$24,954,902
90$64,665,573$3,210,597$411,889$27,315,340
91$71,168,060$3,274,515$332,286$29,912,721
92$78,330,859$3,338,623$247,074$32,771,174
93$86,221,228$3,402,837$155,973$35,917,294
94$94,913,284$3,467,067$58,689$39,380,386
95$104,488,701$3,531,215$0$43,192,752
96$115,037,480$3,595,176$0$47,398,174
97$126,658,799$3,658,836$0$52,039,591
98$139,461,949$3,722,071$0$57,149,642
99$153,567,364$3,784,749$0$62,776,042
100$169,107,761$3,846,727$0$68,971,370