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%17.1%
1 years$85,056$84,299$83,560$82,838$82,134$79,760
2 years$42,107$41,323$40,563$39,826$39,111$36,739
3 years$27,793$27,005$26,247$25,517$24,814$22,517
4 years$20,637$19,852$19,101$18,384$17,697$15,494
5 years$16,344$15,564$14,823$14,120$13,453$11,348
6 years$13,484$12,709$11,979$11,292$10,645$8,641
7 years$11,441$10,673$9,955$9,284$8,657$6,755
8 years$9,910$9,149$8,443$7,788$7,182$5,379
9 years$8,720$7,966$7,272$6,634$6,048$4,343
10 years$7,768$7,021$6,339$5,718$5,154$3,544
11 years$6,990$6,251$5,581$4,977$4,432$2,916
12 years$6,342$5,610$4,953$4,365$3,841$2,415
13 years$5,794$5,070$4,425$3,854$3,349$2,010
14 years$5,325$4,609$3,976$3,421$2,936$1,681
15 years$4,918$4,210$3,590$3,051$2,585$1,410
16 years$4,563$3,863$3,255$2,732$2,285$1,186
17 years$4,250$3,557$2,962$2,454$2,026$1,000
18 years$3,972$3,287$2,704$2,212$1,801$845
19 years$3,724$3,046$2,475$1,999$1,605$715
20 years$3,501$2,831$2,272$1,810$1,434$606
21 years$3,299$2,637$2,089$1,643$1,283$514
22 years$3,116$2,461$1,926$1,494$1,150$437
23 years$2,949$2,302$1,778$1,360$1,033$371
24 years$2,796$2,157$1,644$1,241$928$316
25 years$2,655$2,024$1,523$1,133$835$269
26 years$2,526$1,902$1,413$1,036$752$229
27 years$2,407$1,790$1,312$948$678$195
28 years$2,296$1,687$1,219$869$612$166
29 years$2,193$1,592$1,135$797$553$142
30 years$2,097$1,503$1,057$731$499$121
31 years$2,007$1,421$985$672$451$103
32 years$1,923$1,344$919$617$408$88
33 years$1,845$1,273$858$568$370$75
34 years$1,771$1,207$802$522$335$64
35 years$1,701$1,145$750$481$303$55
36 years$1,636$1,086$701$443$275$47
37 years$1,574$1,032$657$408$249$40
38 years$1,516$981$615$376$226$34
39 years$1,461$932$576$347$205$29
40 years$1,408$887$540$320$186$25
41 years$1,359$844$506$295$168$21
42 years$1,311$804$475$272$153$18
43 years$1,266$766$446$251$139$15
44 years$1,224$730$418$232$126$13
45 years$1,183$697$393$214$114$11
46 years$1,144$664$369$198$104$10
47 years$1,107$634$347$183$94$8
48 years$1,072$605$326$169$86$7
49 years$1,038$578$306$156$78$6
50 years$1,006$552$288$144$71$5

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 $3,143 every year, while hoping to spend $32,671 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: 43/42/15 Blend
44$1,030,000$1,030,000$1,030,000$1,030,000
45$1,138,302$1,083,712$1,067,747$1,182,160
46$1,219,647$1,102,052$1,068,755$1,231,583
47$1,308,194$1,120,196$1,068,701$1,281,603
48$1,404,644$1,138,100$1,067,517$1,335,090
49$1,509,767$1,155,715$1,065,127$1,392,375
50$1,624,410$1,172,992$1,061,456$1,453,826
51$1,749,507$1,189,876$1,056,422$1,519,849
52$1,886,085$1,206,309$1,049,941$1,590,892
53$2,035,276$1,222,228$1,041,924$1,667,449
54$2,198,323$1,237,566$1,032,278$1,750,068
55$2,376,598$1,252,253$1,020,905$1,839,350
56$2,571,610$1,266,212$1,007,704$1,935,962
57$2,785,019$1,279,361$992,567$2,040,639
58$3,018,656$1,291,615$975,383$2,154,192
59$3,274,535$1,302,880$956,035$2,277,517
60$3,554,875$1,313,059$934,399$2,411,604
61$3,862,120$1,322,046$910,349$2,557,543
62$4,198,960$1,329,730$883,749$2,716,541
63$4,568,359$1,335,992$854,460$2,889,928
64$4,973,581$1,340,706$822,334$3,079,172
65$5,418,223$1,343,736$787,219$3,285,894
66$5,906,244$1,344,942$748,953$3,511,884
67$6,442,007$1,344,170$707,369$3,759,115
68$7,030,318$1,341,261$662,292$4,029,768
69$7,676,470$1,336,042$613,538$4,326,247
70$8,386,295$1,328,333$560,917$4,651,206
71$9,166,217$1,317,942$504,228$5,007,573
72$10,023,313$1,304,663$443,262$5,398,581
73$10,965,381$1,288,281$377,801$5,827,794
74$12,001,010$1,268,567$307,617$6,299,147
75$13,139,664$1,245,278$232,473$6,816,980
76$14,391,768$1,218,155$152,120$7,386,083
77$15,768,811$1,186,928$66,299$8,011,739
78$17,283,449$1,151,306$0$8,699,776
79$18,949,625$1,110,984$0$9,460,670
80$20,782,704$1,065,640$0$10,309,055
81$22,799,615$1,014,931$0$11,242,177
82$25,019,007$958,494$0$12,268,717
83$27,461,434$895,948$0$13,398,242
84$30,149,538$826,888$0$14,641,306
85$33,108,271$750,885$0$16,009,541
86$36,365,124$667,488$0$17,515,776
87$39,950,390$576,219$0$19,174,155
88$43,897,448$476,572$0$21,000,271
89$48,243,078$368,014$0$23,011,318
90$53,027,807$249,981$0$25,226,251
91$58,296,292$121,879$0$27,665,970
92$64,097,741$0$0$30,353,514
93$70,486,378$0$0$33,322,105
94$77,521,952$0$0$36,653,507
95$85,270,302$0$0$40,322,588
96$93,803,980$0$0$44,363,723
97$103,202,929$0$0$48,814,793
98$113,555,246$0$0$53,717,540
99$124,958,006$0$0$59,117,962
100$137,518,182$0$0$65,066,745