Can I retire at age 45 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$85,056$84,299$83,560$82,838$82,134$79,314
2 years$42,107$41,323$40,563$39,826$39,111$36,299
3 years$27,793$27,005$26,247$25,517$24,814$22,098
4 years$20,637$19,852$19,101$18,384$17,697$15,098
5 years$16,344$15,564$14,823$14,120$13,453$10,978
6 years$13,484$12,709$11,979$11,292$10,645$8,295
7 years$11,441$10,673$9,955$9,284$8,657$6,432
8 years$9,910$9,149$8,443$7,788$7,182$5,080
9 years$8,720$7,966$7,272$6,634$6,048$4,067
10 years$7,768$7,021$6,339$5,718$5,154$3,290
11 years$6,990$6,251$5,581$4,977$4,432$2,682
12 years$6,342$5,610$4,953$4,365$3,841$2,201
13 years$5,794$5,070$4,425$3,854$3,349$1,815
14 years$5,325$4,609$3,976$3,421$2,936$1,502
15 years$4,918$4,210$3,590$3,051$2,585$1,248
16 years$4,563$3,863$3,255$2,732$2,285$1,039
17 years$4,250$3,557$2,962$2,454$2,026$867
18 years$3,972$3,287$2,704$2,212$1,801$725
19 years$3,724$3,046$2,475$1,999$1,605$607
20 years$3,501$2,831$2,272$1,810$1,434$509
21 years$3,299$2,637$2,089$1,643$1,283$427
22 years$3,116$2,461$1,926$1,494$1,150$359
23 years$2,949$2,302$1,778$1,360$1,033$302
24 years$2,796$2,157$1,644$1,241$928$254
25 years$2,655$2,024$1,523$1,133$835$214
26 years$2,526$1,902$1,413$1,036$752$180
27 years$2,407$1,790$1,312$948$678$152
28 years$2,296$1,687$1,219$869$612$128
29 years$2,193$1,592$1,135$797$553$108
30 years$2,097$1,503$1,057$731$499$91
31 years$2,007$1,421$985$672$451$76
32 years$1,923$1,344$919$617$408$64
33 years$1,845$1,273$858$568$370$54
34 years$1,771$1,207$802$522$335$46
35 years$1,701$1,145$750$481$303$39
36 years$1,636$1,086$701$443$275$33
37 years$1,574$1,032$657$408$249$28
38 years$1,516$981$615$376$226$23
39 years$1,461$932$576$347$205$20
40 years$1,408$887$540$320$186$17
41 years$1,359$844$506$295$168$14
42 years$1,311$804$475$272$153$12
43 years$1,266$766$446$251$139$10
44 years$1,224$730$418$232$126$8
45 years$1,183$697$393$214$114$7
46 years$1,144$664$369$198$104$6
47 years$1,107$634$347$183$94$5
48 years$1,072$605$326$169$86$4
49 years$1,038$578$306$156$78$4
50 years$1,006$552$288$144$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,030,000, adding $4,673 every year, while hoping to spend $26,650 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: 46/39/15 Blend
44$1,030,000$1,030,000$1,030,000$1,030,000
45$1,139,880$1,085,290$1,069,325$1,187,261
46$1,227,793$1,110,114$1,076,792$1,245,496
47$1,323,779$1,135,261$1,083,616$1,305,562
48$1,428,634$1,160,719$1,089,747$1,370,147
49$1,543,235$1,186,474$1,095,134$1,439,679
50$1,668,544$1,212,511$1,099,720$1,514,634
51$1,805,624$1,238,812$1,103,449$1,595,532
52$1,955,643$1,265,359$1,106,260$1,682,950
53$2,119,888$1,292,131$1,108,089$1,777,522
54$2,299,776$1,319,105$1,108,869$1,879,946
55$2,496,868$1,346,256$1,108,531$1,990,993
56$2,712,883$1,373,556$1,107,001$2,111,510
57$2,949,713$1,400,977$1,104,202$2,242,435
58$3,209,443$1,428,485$1,100,053$2,384,797
59$3,494,370$1,456,044$1,094,468$2,539,734
60$3,807,023$1,483,617$1,087,360$2,708,497
61$4,150,188$1,511,163$1,078,635$2,892,469
62$4,526,933$1,538,636$1,068,195$3,093,171
63$4,940,639$1,565,988$1,055,939$3,312,281
64$5,395,030$1,593,167$1,041,758$3,551,649
65$5,894,208$1,620,117$1,025,542$3,813,315
66$6,442,692$1,646,777$1,007,172$4,099,526
67$7,045,460$1,673,083$986,526$4,412,760
68$7,707,997$1,698,965$963,475$4,755,750
69$8,436,347$1,724,347$937,885$5,131,508
70$9,237,165$1,749,151$909,615$5,543,353
71$10,117,786$1,773,290$878,517$5,994,945
72$11,086,291$1,796,672$844,438$6,490,321
73$12,151,583$1,819,199$807,217$7,033,927
74$13,323,471$1,840,767$766,686$7,630,667
75$14,612,763$1,861,263$722,668$8,285,948
76$16,031,368$1,880,567$674,980$9,005,727
77$17,592,406$1,898,553$623,430$9,796,576
78$19,310,333$1,915,084$567,817$10,665,735
79$21,201,079$1,930,015$507,931$11,621,188
80$23,282,195$1,943,192$443,553$12,671,735
81$25,573,022$1,954,451$374,455$13,827,077
82$28,094,868$1,963,618$300,397$15,097,909
83$30,871,215$1,970,505$221,130$16,496,017
84$33,927,935$1,974,916$136,394$18,034,398
85$37,293,538$1,976,640$45,917$19,727,375
86$40,999,438$1,975,455$0$21,590,738
87$45,080,252$1,971,124$0$23,649,996
88$49,574,124$1,963,395$0$25,924,600
89$54,523,084$1,952,001$0$28,428,390
90$59,973,449$1,936,659$0$31,184,728
91$65,976,255$1,917,070$0$34,219,363
92$72,587,741$1,892,915$0$37,560,672
93$79,869,879$1,863,856$0$41,239,933
94$87,890,958$1,829,536$0$45,291,615
95$96,726,229$1,789,576$0$49,753,710
96$106,458,615$1,743,576$0$54,668,089
97$117,179,493$1,691,110$0$60,080,899
98$128,989,556$1,631,730$0$66,042,999
99$141,999,766$1,564,959$0$72,610,441
100$156,332,395$1,490,295$0$79,845,004