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%11%
1 years$85,056$84,299$83,560$82,838$82,134$81,788
2 years$42,107$41,323$40,563$39,826$39,111$38,762
3 years$27,793$27,005$26,247$25,517$24,814$24,472
4 years$20,637$19,852$19,101$18,384$17,697$17,366
5 years$16,344$15,564$14,823$14,120$13,453$13,133
6 years$13,484$12,709$11,979$11,292$10,645$10,336
7 years$11,441$10,673$9,955$9,284$8,657$8,360
8 years$9,910$9,149$8,443$7,788$7,182$6,896
9 years$8,720$7,966$7,272$6,634$6,048$5,774
10 years$7,768$7,021$6,339$5,718$5,154$4,891
11 years$6,990$6,251$5,581$4,977$4,432$4,181
12 years$6,342$5,610$4,953$4,365$3,841$3,601
13 years$5,794$5,070$4,425$3,854$3,349$3,120
14 years$5,325$4,609$3,976$3,421$2,936$2,718
15 years$4,918$4,210$3,590$3,051$2,585$2,377
16 years$4,563$3,863$3,255$2,732$2,285$2,087
17 years$4,250$3,557$2,962$2,454$2,026$1,838
18 years$3,972$3,287$2,704$2,212$1,801$1,623
19 years$3,724$3,046$2,475$1,999$1,605$1,436
20 years$3,501$2,831$2,272$1,810$1,434$1,274
21 years$3,299$2,637$2,089$1,643$1,283$1,132
22 years$3,116$2,461$1,926$1,494$1,150$1,007
23 years$2,949$2,302$1,778$1,360$1,033$897
24 years$2,796$2,157$1,644$1,241$928$800
25 years$2,655$2,024$1,523$1,133$835$715
26 years$2,526$1,902$1,413$1,036$752$639
27 years$2,407$1,790$1,312$948$678$572
28 years$2,296$1,687$1,219$869$612$512
29 years$2,193$1,592$1,135$797$553$458
30 years$2,097$1,503$1,057$731$499$411
31 years$2,007$1,421$985$672$451$369
32 years$1,923$1,344$919$617$408$331
33 years$1,845$1,273$858$568$370$297
34 years$1,771$1,207$802$522$335$267
35 years$1,701$1,145$750$481$303$239
36 years$1,636$1,086$701$443$275$215
37 years$1,574$1,032$657$408$249$193
38 years$1,516$981$615$376$226$174
39 years$1,461$932$576$347$205$156
40 years$1,408$887$540$320$186$141
41 years$1,359$844$506$295$168$126
42 years$1,311$804$475$272$153$114
43 years$1,266$766$446$251$139$102
44 years$1,224$730$418$232$126$92
45 years$1,183$697$393$214$114$83
46 years$1,144$664$369$198$104$75
47 years$1,107$634$347$183$94$67
48 years$1,072$605$326$169$86$60
49 years$1,038$578$306$156$78$54
50 years$1,006$552$288$144$71$49

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 $4,955 every year, while hoping to spend $47,487 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: 62/23/15 Blend
44$1,030,000$1,030,000$1,030,000$1,030,000
45$1,140,171$1,085,581$1,069,616$1,206,339
46$1,205,943$1,088,249$1,054,922$1,254,068
47$1,276,832$1,089,456$1,038,145$1,300,319
48$1,353,309$1,089,080$1,019,164$1,349,669
49$1,435,894$1,086,992$997,853$1,402,422
50$1,525,156$1,083,056$974,082$1,458,913
51$1,621,721$1,077,124$947,713$1,519,515
52$1,726,277$1,069,044$918,602$1,584,637
53$1,839,581$1,058,651$886,598$1,654,734
54$1,962,464$1,045,770$851,545$1,730,308
55$2,095,842$1,030,219$813,278$1,811,915
56$2,240,720$1,011,802$771,625$1,900,168
57$2,398,205$990,312$726,407$1,995,746
58$2,569,515$965,531$677,434$2,099,399
59$2,755,990$937,226$624,513$2,211,956
60$2,959,103$905,152$567,436$2,334,334
61$3,180,477$869,050$505,990$2,467,545
62$3,421,896$828,644$439,952$2,612,708
63$3,685,327$783,645$369,087$2,771,059
64$3,972,930$733,744$293,152$2,943,964
65$4,287,088$678,616$211,891$3,132,932
66$4,630,421$617,918$125,039$3,339,630
67$5,005,814$551,286$32,318$3,565,899
68$5,416,445$478,337$0$3,813,772
69$5,865,811$398,664$0$4,096,158
70$6,357,764$311,840$0$4,411,087
71$6,896,547$217,410$0$4,756,169
72$7,486,829$114,898$0$5,134,480
73$8,133,756$3,798$0$5,549,412
74$8,842,992$0$0$6,004,707
75$9,620,778$0$0$6,533,959
76$10,473,985$0$0$7,115,665
77$11,410,184$0$0$7,754,035
78$12,437,712$0$0$8,454,765
79$13,565,755$0$0$9,224,128
80$14,804,428$0$0$10,069,037
81$16,164,879$0$0$10,997,104
82$17,659,382$0$0$12,016,716
83$19,301,464$0$0$13,137,112
84$21,106,024$0$0$14,368,472
85$23,089,478$0$0$15,722,008
86$25,269,909$0$0$17,210,076
87$27,667,241$0$0$18,846,286
88$30,303,424$0$0$20,645,634
89$33,202,644$0$0$22,624,642
90$36,391,544$0$0$24,801,513
91$39,899,482$0$0$27,196,303
92$43,758,804$0$0$29,831,111
93$48,005,148$0$0$32,730,284
94$52,677,782$0$0$35,920,648
95$57,819,973$0$0$39,431,765
96$63,479,392$0$0$43,296,202
97$69,708,568$0$0$47,549,847
98$76,565,380$0$0$52,232,243
99$84,113,602$0$0$57,386,962
100$92,423,508$0$0$63,062,013