Can I retire at age 45 with 1,050,000?

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$86,708$85,936$85,182$84,447$83,728$80,406
2 years$42,925$42,125$41,351$40,599$39,871$36,565
3 years$28,332$27,529$26,757$26,012$25,296$22,110
4 years$21,037$20,237$19,472$18,740$18,041$15,000
5 years$16,662$15,866$15,111$14,394$13,715$10,826
6 years$13,745$12,956$12,212$11,511$10,852$8,118
7 years$11,663$10,880$10,148$9,464$8,825$6,245
8 years$10,102$9,326$8,606$7,939$7,322$4,891
9 years$8,889$8,120$7,413$6,762$6,166$3,883
10 years$7,919$7,158$6,463$5,829$5,254$3,113
11 years$7,125$6,372$5,690$5,073$4,518$2,515
12 years$6,465$5,719$5,049$4,450$3,915$2,044
13 years$5,906$5,168$4,511$3,929$3,414$1,670
14 years$5,428$4,698$4,053$3,487$2,993$1,369
15 years$5,014$4,292$3,660$3,110$2,635$1,126
16 years$4,652$3,938$3,318$2,785$2,329$928
17 years$4,333$3,626$3,019$2,502$2,065$767
18 years$4,049$3,351$2,756$2,255$1,836$634
19 years$3,796$3,106$2,523$2,037$1,637$526
20 years$3,569$2,886$2,316$1,845$1,462$436
21 years$3,363$2,688$2,130$1,675$1,308$362
22 years$3,176$2,509$1,963$1,523$1,173$301
23 years$3,006$2,347$1,813$1,387$1,053$250
24 years$2,850$2,199$1,676$1,265$946$208
25 years$2,707$2,063$1,553$1,155$851$173
26 years$2,575$1,939$1,440$1,056$767$144
27 years$2,453$1,825$1,337$967$691$120
28 years$2,340$1,720$1,243$886$624$100
29 years$2,235$1,622$1,157$812$563$83
30 years$2,137$1,532$1,077$745$509$69
31 years$2,046$1,448$1,004$685$460$58
32 years$1,961$1,371$937$629$416$48
33 years$1,880$1,298$875$579$377$40
34 years$1,805$1,230$818$532$341$34
35 years$1,734$1,167$764$490$309$28
36 years$1,668$1,107$715$451$280$23
37 years$1,605$1,052$669$416$254$19
38 years$1,545$1,000$627$383$230$16
39 years$1,489$951$587$353$209$14
40 years$1,436$904$550$326$189$11
41 years$1,385$861$516$301$172$9
42 years$1,337$820$484$278$156$8
43 years$1,291$781$454$256$141$7
44 years$1,248$745$426$237$128$5
45 years$1,206$710$400$218$116$5
46 years$1,167$677$376$202$106$4
47 years$1,129$646$353$186$96$3
48 years$1,093$617$332$172$87$3
49 years$1,058$589$312$159$79$2
50 years$1,025$563$293$147$72$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,050,000, adding $2,779 every year, while hoping to spend $21,290 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: 71/9/20 Blend
44$1,050,000$1,050,000$1,050,000$1,050,000
45$1,159,967$1,104,317$1,088,042$1,236,498
46$1,255,631$1,135,776$1,101,839$1,319,301
47$1,360,339$1,168,063$1,115,384$1,407,135
48$1,474,992$1,201,196$1,128,648$1,502,773
49$1,600,580$1,235,193$1,141,596$1,606,985
50$1,738,195$1,270,073$1,154,195$1,720,620
51$1,889,038$1,305,855$1,166,409$1,844,613
52$2,054,435$1,342,556$1,178,198$1,979,994
53$2,235,842$1,380,197$1,189,523$2,127,897
54$2,434,867$1,418,795$1,200,340$2,289,572
55$2,653,277$1,458,370$1,210,606$2,466,396
56$2,893,022$1,498,941$1,220,272$2,659,884
57$3,156,249$1,540,527$1,229,289$2,871,709
58$3,445,320$1,583,147$1,237,604$3,103,710
59$3,762,842$1,626,820$1,245,163$3,357,918
60$4,111,682$1,671,565$1,251,907$3,636,565
61$4,495,004$1,717,401$1,257,775$3,942,116
62$4,916,287$1,764,347$1,262,704$4,277,282
63$5,379,370$1,812,422$1,266,626$4,645,054
64$5,888,478$1,861,643$1,269,470$5,048,727
65$6,448,268$1,912,028$1,271,163$5,491,928
66$7,063,870$1,963,597$1,271,625$5,978,660
67$7,740,937$2,016,365$1,270,777$6,513,328
68$8,485,696$2,070,351$1,268,532$7,100,789
69$9,305,009$2,125,570$1,264,799$7,746,395
70$10,206,435$2,182,038$1,259,486$8,456,044
71$11,198,305$2,239,772$1,252,492$9,236,234
72$12,289,797$2,298,785$1,243,715$10,094,125
73$13,491,022$2,359,091$1,233,045$11,037,609
74$14,813,124$2,420,704$1,220,370$12,075,383
75$16,268,380$2,483,636$1,205,569$13,217,028
76$17,870,317$2,547,897$1,188,519$14,473,105
77$19,633,844$2,613,498$1,169,088$15,855,252
78$21,575,383$2,680,447$1,147,140$17,376,291
79$23,713,035$2,748,751$1,122,532$19,050,355
80$26,066,741$2,818,417$1,095,114$20,893,018
81$28,658,477$2,889,448$1,064,729$22,921,441
82$31,512,458$2,961,847$1,031,213$25,154,536
83$34,655,365$3,035,614$994,395$27,613,146
84$38,116,601$3,110,747$954,096$30,320,237
85$41,928,564$3,187,244$910,128$33,301,121
86$46,126,956$3,265,097$862,296$36,583,689
87$50,751,116$3,344,298$810,393$40,198,680
88$55,844,396$3,424,834$754,208$44,179,967
89$61,454,566$3,506,692$693,515$48,564,878
90$67,634,265$3,589,853$628,081$53,394,550
91$74,441,500$3,674,297$557,662$58,714,317
92$81,940,193$3,759,997$482,003$64,574,137
93$90,200,780$3,846,924$400,837$71,029,064
94$99,300,882$3,935,046$313,888$78,139,769
95$109,326,032$4,024,323$220,863$85,973,112
96$120,370,486$4,114,714$121,461$94,602,773
97$132,538,111$4,206,170$15,365$104,109,951
98$145,943,362$4,298,636$0$114,584,126
99$160,712,370$4,392,054$0$126,144,789
100$176,984,125$4,486,358$0$138,884,584