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

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$85,056$84,299$83,560$82,838$82,134$81,175
2 years$42,107$41,323$40,563$39,826$39,111$38,146
3 years$27,793$27,005$26,247$25,517$24,814$23,872
4 years$20,637$19,852$19,101$18,384$17,697$16,787
5 years$16,344$15,564$14,823$14,120$13,453$12,576
6 years$13,484$12,709$11,979$11,292$10,645$9,803
7 years$11,441$10,673$9,955$9,284$8,657$7,850
8 years$9,910$9,149$8,443$7,788$7,182$6,410
9 years$8,720$7,966$7,272$6,634$6,048$5,311
10 years$7,768$7,021$6,339$5,718$5,154$4,450
11 years$6,990$6,251$5,581$4,977$4,432$3,762
12 years$6,342$5,610$4,953$4,365$3,841$3,204
13 years$5,794$5,070$4,425$3,854$3,349$2,744
14 years$5,325$4,609$3,976$3,421$2,936$2,362
15 years$4,918$4,210$3,590$3,051$2,585$2,041
16 years$4,563$3,863$3,255$2,732$2,285$1,770
17 years$4,250$3,557$2,962$2,454$2,026$1,540
18 years$3,972$3,287$2,704$2,212$1,801$1,342
19 years$3,724$3,046$2,475$1,999$1,605$1,173
20 years$3,501$2,831$2,272$1,810$1,434$1,027
21 years$3,299$2,637$2,089$1,643$1,283$900
22 years$3,116$2,461$1,926$1,494$1,150$790
23 years$2,949$2,302$1,778$1,360$1,033$694
24 years$2,796$2,157$1,644$1,241$928$611
25 years$2,655$2,024$1,523$1,133$835$538
26 years$2,526$1,902$1,413$1,036$752$474
27 years$2,407$1,790$1,312$948$678$418
28 years$2,296$1,687$1,219$869$612$369
29 years$2,193$1,592$1,135$797$553$326
30 years$2,097$1,503$1,057$731$499$288
31 years$2,007$1,421$985$672$451$254
32 years$1,923$1,344$919$617$408$225
33 years$1,845$1,273$858$568$370$199
34 years$1,771$1,207$802$522$335$176
35 years$1,701$1,145$750$481$303$156
36 years$1,636$1,086$701$443$275$138
37 years$1,574$1,032$657$408$249$122
38 years$1,516$981$615$376$226$108
39 years$1,461$932$576$347$205$96
40 years$1,408$887$540$320$186$85
41 years$1,359$844$506$295$168$75
42 years$1,311$804$475$272$153$66
43 years$1,266$766$446$251$139$59
44 years$1,224$730$418$232$126$52
45 years$1,183$697$393$214$114$46
46 years$1,144$664$369$198$104$41
47 years$1,107$634$347$183$94$36
48 years$1,072$605$326$169$86$32
49 years$1,038$578$306$156$78$28
50 years$1,006$552$288$144$71$25

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 $2,686 every year, while hoping to spend $38,381 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: 50/31/19 Blend
44$1,030,000$1,030,000$1,030,000$1,030,000
45$1,137,831$1,083,241$1,067,276$1,188,578
46$1,213,052$1,095,482$1,062,192$1,236,172
47$1,294,660$1,107,037$1,055,652$1,283,705
48$1,383,265$1,117,832$1,047,566$1,334,545
49$1,479,539$1,127,787$1,037,841$1,389,018
50$1,584,221$1,136,817$1,026,378$1,447,486
51$1,698,125$1,144,834$1,013,074$1,510,348
52$1,822,144$1,151,742$997,823$1,578,043
53$1,957,264$1,157,439$980,511$1,651,060
54$2,104,568$1,161,816$961,021$1,729,936
55$2,265,249$1,164,760$939,230$1,815,269
56$2,440,618$1,166,147$915,008$1,907,716
57$2,632,121$1,165,848$888,221$2,008,003
58$2,841,347$1,163,725$858,726$2,116,937
59$3,070,049$1,159,631$826,378$2,235,403
60$3,320,153$1,153,412$791,020$2,364,385
61$3,593,781$1,144,902$752,492$2,504,965
62$3,893,272$1,133,927$710,626$2,658,343
63$4,221,197$1,120,301$665,243$2,825,841
64$4,580,392$1,103,829$616,162$3,008,920
65$4,973,976$1,084,300$563,187$3,209,196
66$5,405,387$1,061,497$506,120$3,428,450
67$5,878,410$1,035,184$444,748$3,668,651
68$6,397,214$1,005,114$378,853$3,931,973
69$6,966,391$971,026$308,206$4,220,817
70$7,590,999$932,642$232,567$4,537,831
71$8,276,609$889,669$151,686$4,885,943
72$9,029,358$841,798$65,303$5,268,380
73$9,856,007$788,700$0$5,688,709
74$10,764,001$730,029$0$6,156,314
75$11,761,546$665,417$0$6,684,570
76$12,857,678$594,476$0$7,265,078
77$14,062,354$516,798$0$7,903,191
78$15,386,542$431,950$0$8,604,810
79$16,842,327$339,473$0$9,376,446
80$18,443,023$238,885$0$10,225,276
81$20,203,297$129,676$0$11,159,216
82$22,139,310$11,307$0$12,186,995
83$24,268,868$0$0$13,318,239
84$26,611,588$0$0$14,603,400
85$29,189,085$0$0$16,021,725
86$32,025,175$0$0$17,582,474
87$35,146,099$0$0$19,300,106
88$38,580,769$0$0$21,190,549
89$42,361,043$0$0$23,271,356
90$46,522,023$0$0$25,561,864
91$51,102,389$0$0$28,083,385
92$56,144,758$0$0$30,859,398
93$61,696,091$0$0$33,915,777
94$67,808,135$0$0$37,281,032
95$74,537,906$0$0$40,986,577
96$81,948,235$0$0$45,067,028
97$90,108,352$0$0$49,560,529
98$99,094,545$0$0$54,509,113
99$108,990,876$0$0$59,959,094
100$119,889,978$0$0$65,961,510