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%17.9%
1 years$85,882$85,117$84,371$83,642$82,931$80,276
2 years$42,516$41,724$40,957$40,213$39,491$36,841
3 years$28,062$27,267$26,502$25,765$25,055$22,492
4 years$20,837$20,044$19,286$18,562$17,869$15,414
5 years$16,503$15,715$14,967$14,257$13,584$11,243
6 years$13,615$12,832$12,096$11,402$10,748$8,524
7 years$11,552$10,777$10,052$9,374$8,741$6,632
8 years$10,006$9,238$8,524$7,864$7,252$5,257
9 years$8,804$8,043$7,342$6,698$6,107$4,224
10 years$7,843$7,089$6,401$5,774$5,204$3,430
11 years$7,058$6,311$5,635$5,025$4,475$2,807
12 years$6,403$5,665$5,001$4,408$3,878$2,312
13 years$5,850$5,119$4,468$3,891$3,382$1,915
14 years$5,376$4,653$4,015$3,454$2,964$1,592
15 years$4,966$4,251$3,625$3,081$2,610$1,328
16 years$4,608$3,900$3,286$2,758$2,307$1,111
17 years$4,292$3,592$2,991$2,478$2,045$931
18 years$4,011$3,319$2,730$2,233$1,819$782
19 years$3,760$3,076$2,499$2,018$1,621$658
20 years$3,535$2,858$2,294$1,828$1,448$554
21 years$3,331$2,662$2,110$1,659$1,296$467
22 years$3,146$2,485$1,944$1,508$1,161$394
23 years$2,977$2,324$1,795$1,374$1,043$333
24 years$2,823$2,178$1,660$1,253$937$282
25 years$2,681$2,044$1,538$1,144$843$238
26 years$2,551$1,921$1,426$1,046$760$201
27 years$2,430$1,808$1,324$958$685$170
28 years$2,318$1,703$1,231$877$618$144
29 years$2,214$1,607$1,146$805$558$122
30 years$2,117$1,518$1,067$738$504$104
31 years$2,027$1,435$995$678$456$88
32 years$1,942$1,357$928$623$412$74
33 years$1,862$1,286$867$573$373$63
34 years$1,788$1,218$810$527$338$53
35 years$1,718$1,156$757$485$306$45
36 years$1,652$1,097$708$447$277$38
37 years$1,589$1,042$663$412$251$33
38 years$1,530$990$621$380$228$28
39 years$1,475$941$582$350$207$23
40 years$1,422$896$545$323$187$20
41 years$1,372$853$511$298$170$17
42 years$1,324$812$480$275$154$14
43 years$1,279$774$450$254$140$12
44 years$1,236$738$422$234$127$10
45 years$1,195$703$397$216$115$9
46 years$1,155$671$372$200$105$7
47 years$1,118$640$350$185$95$6
48 years$1,082$611$329$171$86$5
49 years$1,048$584$309$158$78$5
50 years$1,015$558$291$146$71$4

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 $3,857 every year, while hoping to spend $44,946 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: 74/5/21 Blend
44$1,040,000$1,040,000$1,040,000$1,040,000
45$1,150,058$1,094,938$1,078,818$1,229,083
46$1,219,542$1,100,768$1,067,137$1,287,917
47$1,294,607$1,105,377$1,053,557$1,346,553
48$1,375,774$1,108,658$1,037,969$1,409,664
49$1,463,618$1,110,497$1,020,256$1,477,688
50$1,558,769$1,110,773$1,000,296$1,551,104
51$1,661,919$1,109,357$977,962$1,630,444
52$1,773,832$1,106,113$953,120$1,716,295
53$1,895,345$1,100,895$925,633$1,809,301
54$2,027,382$1,093,550$895,352$1,910,176
55$2,170,955$1,083,914$862,127$2,019,705
56$2,327,181$1,071,814$825,797$2,138,754
57$2,497,288$1,057,068$786,196$2,268,279
58$2,682,627$1,039,480$743,149$2,409,334
59$2,884,686$1,018,845$696,475$2,563,082
60$3,105,099$994,944$645,982$2,730,805
61$3,345,670$967,547$591,473$2,913,915
62$3,608,380$936,408$532,739$3,113,973
63$3,895,412$901,270$469,563$3,332,698
64$4,209,169$861,857$401,719$3,571,986
65$4,552,297$817,880$328,969$3,833,927
66$4,927,708$769,033$251,066$4,120,829
67$5,338,610$714,992$167,753$4,435,233
68$5,788,535$655,413$78,759$4,779,943
69$6,281,372$589,935$0$5,158,052
70$6,821,404$518,174$0$5,576,601
71$7,413,348$439,725$0$6,054,787
72$8,062,400$354,162$0$6,579,155
73$8,774,281$261,032$0$7,154,350
74$9,555,293$159,858$0$7,785,484
75$10,412,379$50,138$0$8,478,191
76$11,353,185$0$0$9,238,679
77$12,386,133$0$0$10,077,565
78$13,520,502$0$0$11,001,893
79$14,766,513$0$0$12,017,240
80$16,135,425$0$0$13,132,787
81$17,639,642$0$0$14,358,648
82$19,292,829$0$0$15,705,965
83$21,110,039$0$0$17,187,016
84$23,107,860$0$0$18,815,323
85$25,304,563$0$0$20,605,787
86$27,720,281$0$0$22,574,825
87$30,377,193$0$0$24,740,522
88$33,299,738$0$0$27,122,808
89$36,514,840$0$0$29,743,637
90$40,052,167$0$0$32,627,202
91$43,944,405$0$0$35,800,155
92$48,227,569$0$0$39,291,868
93$52,941,341$0$0$43,134,697
94$58,129,448$0$0$47,364,300
95$63,840,065$0$0$52,019,963
96$70,126,281$0$0$57,144,976
97$77,046,588$0$0$62,787,037
98$84,665,440$0$0$68,998,707
99$93,053,859$0$0$75,837,900
100$102,290,101$0$0$83,368,433