Can I retire at age 45 with 1,040,000?

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 $1,040,000?

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$85,882$85,117$84,371$83,642$82,931$81,290
2 years$42,516$41,724$40,957$40,213$39,491$37,844
3 years$28,062$27,267$26,502$25,765$25,055$23,454
4 years$20,837$20,044$19,286$18,562$17,869$16,327
5 years$16,503$15,715$14,967$14,257$13,584$12,104
6 years$13,615$12,832$12,096$11,402$10,748$9,333
7 years$11,552$10,777$10,052$9,374$8,741$7,391
8 years$10,006$9,238$8,524$7,864$7,252$5,966
9 years$8,804$8,043$7,342$6,698$6,107$4,884
10 years$7,843$7,089$6,401$5,774$5,204$4,043
11 years$7,058$6,311$5,635$5,025$4,475$3,376
12 years$6,403$5,665$5,001$4,408$3,878$2,838
13 years$5,850$5,119$4,468$3,891$3,382$2,399
14 years$5,376$4,653$4,015$3,454$2,964$2,037
15 years$4,966$4,251$3,625$3,081$2,610$1,737
16 years$4,608$3,900$3,286$2,758$2,307$1,485
17 years$4,292$3,592$2,991$2,478$2,045$1,273
18 years$4,011$3,319$2,730$2,233$1,819$1,094
19 years$3,760$3,076$2,499$2,018$1,621$942
20 years$3,535$2,858$2,294$1,828$1,448$813
21 years$3,331$2,662$2,110$1,659$1,296$702
22 years$3,146$2,485$1,944$1,508$1,161$607
23 years$2,977$2,324$1,795$1,374$1,043$525
24 years$2,823$2,178$1,660$1,253$937$455
25 years$2,681$2,044$1,538$1,144$843$394
26 years$2,551$1,921$1,426$1,046$760$342
27 years$2,430$1,808$1,324$958$685$297
28 years$2,318$1,703$1,231$877$618$258
29 years$2,214$1,607$1,146$805$558$224
30 years$2,117$1,518$1,067$738$504$195
31 years$2,027$1,435$995$678$456$169
32 years$1,942$1,357$928$623$412$147
33 years$1,862$1,286$867$573$373$128
34 years$1,788$1,218$810$527$338$111
35 years$1,718$1,156$757$485$306$97
36 years$1,652$1,097$708$447$277$84
37 years$1,589$1,042$663$412$251$73
38 years$1,530$990$621$380$228$64
39 years$1,475$941$582$350$207$56
40 years$1,422$896$545$323$187$48
41 years$1,372$853$511$298$170$42
42 years$1,324$812$480$275$154$37
43 years$1,279$774$450$254$140$32
44 years$1,236$738$422$234$127$28
45 years$1,195$703$397$216$115$24
46 years$1,155$671$372$200$105$21
47 years$1,118$640$350$185$95$18
48 years$1,082$611$329$171$86$16
49 years$1,048$584$309$158$78$14
50 years$1,015$558$291$146$71$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,040,000, adding $5,729 every year, while hoping to spend $38,987 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: 54/20/26 Blend
44$1,040,000$1,040,000$1,040,000$1,040,000
45$1,151,989$1,096,869$1,080,749$1,205,622
46$1,228,011$1,109,134$1,075,473$1,255,504
47$1,310,479$1,120,693$1,068,712$1,305,284
48$1,400,012$1,131,471$1,060,378$1,358,684
49$1,497,286$1,141,386$1,050,374$1,416,064
50$1,603,048$1,150,353$1,038,601$1,477,824
51$1,718,119$1,158,281$1,024,954$1,544,406
52$1,843,402$1,165,070$1,009,324$1,616,296
53$1,979,889$1,170,619$991,596$1,694,033
54$2,128,674$1,174,816$971,652$1,778,213
55$2,290,961$1,177,544$949,364$1,869,493
56$2,468,074$1,178,678$924,602$1,968,600
57$2,661,470$1,178,087$897,229$2,076,338
58$2,872,755$1,175,628$867,101$2,193,593
59$3,103,695$1,171,152$834,068$2,321,345
60$3,356,235$1,164,502$797,973$2,460,677
61$3,632,517$1,155,509$758,651$2,612,782
62$3,934,900$1,143,995$715,932$2,778,982
63$4,265,979$1,129,770$669,635$2,960,734
64$4,628,614$1,112,635$619,574$3,159,647
65$5,025,955$1,092,376$565,551$3,377,498
66$5,461,469$1,068,769$507,364$3,616,249
67$5,938,976$1,041,575$444,797$3,878,065
68$6,462,682$1,010,543$377,629$4,165,337
69$7,037,221$975,405$305,624$4,480,703
70$7,667,696$935,878$228,542$4,827,077
71$8,359,729$891,665$146,126$5,207,673
72$9,119,513$842,447$58,112$5,626,037
73$9,953,867$787,891$0$6,086,086
74$10,870,307$727,643$0$6,602,073
75$11,877,110$661,329$0$7,186,681
76$12,983,395$588,554$0$7,829,114
77$14,199,207$508,899$0$8,535,262
78$15,535,615$421,924$0$9,311,617
79$17,004,811$327,162$0$10,165,338
80$18,620,229$224,120$0$11,104,313
81$20,396,669$112,279$0$12,137,241
82$22,350,437$0$0$13,273,708
83$24,499,498$0$0$14,526,245
84$26,863,647$0$0$15,931,436
85$29,464,694$0$0$17,477,547
86$32,326,666$0$0$19,178,877
87$35,476,043$0$0$21,051,178
88$38,941,995$0$0$23,111,810
89$42,756,667$0$0$25,379,899
90$46,955,478$0$0$27,876,519
91$51,577,452$0$0$30,624,893
92$56,665,593$0$0$33,650,607
93$62,267,281$0$0$36,981,856
94$68,434,729$0$0$40,649,708
95$75,225,466$0$0$44,688,395
96$82,702,885$0$0$49,135,639
97$90,936,841$0$0$54,033,007
98$100,004,305$0$0$59,426,301
99$109,990,096$0$0$65,365,991
100$120,987,676$0$0$71,907,693