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

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$85,882$85,117$84,371$83,642$82,931$82,512
2 years$42,516$41,724$40,957$40,213$39,491$39,068
3 years$28,062$27,267$26,502$25,765$25,055$24,641
4 years$20,837$20,044$19,286$18,562$17,869$17,468
5 years$16,503$15,715$14,967$14,257$13,584$13,196
6 years$13,615$12,832$12,096$11,402$10,748$10,375
7 years$11,552$10,777$10,052$9,374$8,741$8,382
8 years$10,006$9,238$8,524$7,864$7,252$6,907
9 years$8,804$8,043$7,342$6,698$6,107$5,777
10 years$7,843$7,089$6,401$5,774$5,204$4,887
11 years$7,058$6,311$5,635$5,025$4,475$4,173
12 years$6,403$5,665$5,001$4,408$3,878$3,589
13 years$5,850$5,119$4,468$3,891$3,382$3,106
14 years$5,376$4,653$4,015$3,454$2,964$2,702
15 years$4,966$4,251$3,625$3,081$2,610$2,360
16 years$4,608$3,900$3,286$2,758$2,307$2,069
17 years$4,292$3,592$2,991$2,478$2,045$1,820
18 years$4,011$3,319$2,730$2,233$1,819$1,605
19 years$3,760$3,076$2,499$2,018$1,621$1,418
20 years$3,535$2,858$2,294$1,828$1,448$1,256
21 years$3,331$2,662$2,110$1,659$1,296$1,114
22 years$3,146$2,485$1,944$1,508$1,161$990
23 years$2,977$2,324$1,795$1,374$1,043$881
24 years$2,823$2,178$1,660$1,253$937$785
25 years$2,681$2,044$1,538$1,144$843$700
26 years$2,551$1,921$1,426$1,046$760$624
27 years$2,430$1,808$1,324$958$685$558
28 years$2,318$1,703$1,231$877$618$498
29 years$2,214$1,607$1,146$805$558$446
30 years$2,117$1,518$1,067$738$504$399
31 years$2,027$1,435$995$678$456$357
32 years$1,942$1,357$928$623$412$320
33 years$1,862$1,286$867$573$373$287
34 years$1,788$1,218$810$527$338$257
35 years$1,718$1,156$757$485$306$231
36 years$1,652$1,097$708$447$277$207
37 years$1,589$1,042$663$412$251$186
38 years$1,530$990$621$380$228$167
39 years$1,475$941$582$350$207$149
40 years$1,422$896$545$323$187$134
41 years$1,372$853$511$298$170$121
42 years$1,324$812$480$275$154$108
43 years$1,279$774$450$254$140$97
44 years$1,236$738$422$234$127$87
45 years$1,195$703$397$216$115$78
46 years$1,155$671$372$200$105$71
47 years$1,118$640$350$185$95$63
48 years$1,082$611$329$171$86$57
49 years$1,048$584$309$158$78$51
50 years$1,015$558$291$146$71$46

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 $5,036 every year, while hoping to spend $45,700 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: 34/39/27 Blend
44$1,040,000$1,040,000$1,040,000$1,040,000
45$1,151,275$1,096,155$1,080,035$1,180,859
46$1,220,080$1,101,242$1,067,591$1,208,630
47$1,294,372$1,105,046$1,053,200$1,234,103
48$1,374,662$1,107,458$1,036,746$1,260,680
49$1,461,512$1,108,357$1,018,111$1,288,491
50$1,555,540$1,107,620$997,171$1,317,682
51$1,657,424$1,105,113$973,795$1,348,417
52$1,767,912$1,100,694$947,848$1,380,879
53$1,887,825$1,094,214$919,187$1,415,275
54$2,018,065$1,085,513$887,662$1,451,836
55$2,159,628$1,074,423$853,119$1,490,824
56$2,313,605$1,060,765$815,393$1,532,528
57$2,481,199$1,044,348$774,315$1,577,275
58$2,663,733$1,024,973$729,707$1,625,428
59$2,862,663$1,002,427$681,381$1,677,394
60$3,079,592$976,483$629,145$1,733,627
61$3,316,283$946,903$572,794$1,794,633
62$3,574,678$913,436$512,117$1,860,978
63$3,856,913$875,812$446,891$1,933,291
64$4,165,342$833,750$376,885$2,012,273
65$4,502,553$786,950$301,857$2,098,705
66$4,871,399$735,096$221,554$2,193,455
67$5,275,018$677,853$135,713$2,297,491
68$5,716,870$614,867$44,059$2,411,884
69$6,200,760$545,764$0$2,537,830
70$6,730,880$470,150$0$2,692,139
71$7,311,849$387,607$0$2,875,350
72$7,948,751$297,693$0$3,076,480
73$8,647,186$199,942$0$3,297,438
74$9,413,323$93,864$0$3,540,331
75$10,253,956$0$0$3,807,493
76$11,176,569$0$0$4,110,540
77$12,189,404$0$0$4,487,601
78$13,301,543$0$0$4,901,792
79$14,522,987$0$0$5,356,859
80$15,864,756$0$0$5,856,928
81$17,338,990$0$0$6,406,544
82$18,959,060$0$0$7,010,716
83$20,739,699$0$0$7,674,961
84$22,697,138$0$0$8,405,357
85$24,849,258$0$0$9,208,601
86$27,215,761$0$0$10,092,071
87$29,818,351$0$0$11,063,898
88$32,680,942$0$0$12,133,038
89$35,829,883$0$0$13,309,360
90$39,294,204$0$0$14,603,737
91$43,105,890$0$0$16,028,151
92$47,300,184$0$0$17,595,802
93$51,915,918$0$0$19,321,236
94$56,995,876$0$0$21,220,480
95$62,587,202$0$0$23,311,194
96$68,741,843$0$0$25,612,837
97$75,517,036$0$0$28,146,850
98$82,975,850$0$0$30,936,861
99$91,187,779$0$0$34,008,902
100$100,229,399$0$0$37,391,660