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

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 $1,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$86,708$85,936$85,182$84,447$83,728$82,580
2 years$42,925$42,125$41,351$40,599$39,871$38,715
3 years$28,332$27,529$26,757$26,012$25,296$24,169
4 years$21,037$20,237$19,472$18,740$18,041$16,953
5 years$16,662$15,866$15,111$14,394$13,715$12,668
6 years$13,745$12,956$12,212$11,511$10,852$9,847
7 years$11,663$10,880$10,148$9,464$8,825$7,864
8 years$10,102$9,326$8,606$7,939$7,322$6,403
9 years$8,889$8,120$7,413$6,762$6,166$5,289
10 years$7,919$7,158$6,463$5,829$5,254$4,418
11 years$7,125$6,372$5,690$5,073$4,518$3,724
12 years$6,465$5,719$5,049$4,450$3,915$3,161
13 years$5,906$5,168$4,511$3,929$3,414$2,699
14 years$5,428$4,698$4,053$3,487$2,993$2,315
15 years$5,014$4,292$3,660$3,110$2,635$1,994
16 years$4,652$3,938$3,318$2,785$2,329$1,723
17 years$4,333$3,626$3,019$2,502$2,065$1,493
18 years$4,049$3,351$2,756$2,255$1,836$1,297
19 years$3,796$3,106$2,523$2,037$1,637$1,129
20 years$3,569$2,886$2,316$1,845$1,462$985
21 years$3,363$2,688$2,130$1,675$1,308$860
22 years$3,176$2,509$1,963$1,523$1,173$752
23 years$3,006$2,347$1,813$1,387$1,053$659
24 years$2,850$2,199$1,676$1,265$946$577
25 years$2,707$2,063$1,553$1,155$851$506
26 years$2,575$1,939$1,440$1,056$767$445
27 years$2,453$1,825$1,337$967$691$391
28 years$2,340$1,720$1,243$886$624$343
29 years$2,235$1,622$1,157$812$563$302
30 years$2,137$1,532$1,077$745$509$266
31 years$2,046$1,448$1,004$685$460$234
32 years$1,961$1,371$937$629$416$206
33 years$1,880$1,298$875$579$377$181
34 years$1,805$1,230$818$532$341$160
35 years$1,734$1,167$764$490$309$141
36 years$1,668$1,107$715$451$280$124
37 years$1,605$1,052$669$416$254$109
38 years$1,545$1,000$627$383$230$96
39 years$1,489$951$587$353$209$85
40 years$1,436$904$550$326$189$75
41 years$1,385$861$516$301$172$66
42 years$1,337$820$484$278$156$58
43 years$1,291$781$454$256$141$51
44 years$1,248$745$426$237$128$45
45 years$1,206$710$400$218$116$40
46 years$1,167$677$376$202$106$35
47 years$1,129$646$353$186$96$31
48 years$1,093$617$332$172$87$27
49 years$1,058$589$312$159$79$24
50 years$1,025$563$293$147$72$21

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 $3,025 every year, while hoping to spend $35,827 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: 62/9/29 Blend
44$1,050,000$1,050,000$1,050,000$1,050,000
45$1,160,220$1,104,570$1,088,295$1,222,928
46$1,240,443$1,120,575$1,086,634$1,281,943
47$1,327,648$1,136,162$1,083,715$1,342,215
48$1,422,509$1,151,275$1,079,461$1,407,275
49$1,525,768$1,165,851$1,073,786$1,477,600
50$1,638,242$1,179,823$1,066,603$1,553,715
51$1,760,829$1,193,121$1,057,821$1,636,200
52$1,894,518$1,205,668$1,047,342$1,725,694
53$2,040,396$1,217,383$1,035,065$1,822,902
54$2,199,662$1,228,181$1,020,886$1,928,604
55$2,373,634$1,237,968$1,004,692$2,043,659
56$2,563,764$1,246,648$986,369$2,169,013
57$2,771,650$1,254,116$965,794$2,305,715
58$2,999,052$1,260,261$942,841$2,454,916
59$3,247,906$1,264,964$917,377$2,617,890
60$3,520,346$1,268,101$889,263$2,796,041
61$3,818,722$1,269,538$858,354$2,990,918
62$4,145,619$1,269,134$824,497$3,204,230
63$4,503,889$1,266,737$787,533$3,437,862
64$4,896,667$1,262,189$747,297$3,693,892
65$5,327,410$1,255,319$703,615$3,974,614
66$5,799,924$1,245,948$656,304$4,282,558
67$6,318,402$1,233,885$605,176$4,620,513
68$6,887,461$1,218,928$550,032$4,991,555
69$7,512,189$1,200,863$490,665$5,399,080
70$8,198,189$1,179,461$426,858$5,846,827
71$8,951,633$1,154,484$358,387$6,338,926
72$9,779,321$1,125,675$285,014$6,879,926
73$10,688,743$1,092,765$206,494$7,474,848
74$11,688,153$1,055,468$122,570$8,129,224
75$12,786,641$1,013,482$32,972$8,849,159
76$13,994,223$966,488$0$9,641,381
77$15,321,934$914,145$0$10,532,694
78$16,781,930$856,098$0$11,524,044
79$18,387,607$791,967$0$12,614,331
80$20,153,722$721,352$0$13,813,602
81$22,096,533$643,830$0$15,132,923
82$24,233,956$558,954$0$16,584,492
83$26,585,728$466,251$0$18,181,749
84$29,173,598$365,224$0$19,939,507
85$32,021,530$255,344$0$21,874,086
86$35,155,925$136,055$0$24,003,473
87$38,605,877$6,769$0$26,347,489
88$42,403,441$0$0$28,927,976
89$46,583,939$0$0$31,782,191
90$51,186,292$0$0$34,925,259
91$56,253,385$0$0$38,385,810
92$61,832,473$0$0$42,196,131
93$67,975,627$0$0$46,391,795
94$74,740,224$0$0$51,012,005
95$82,189,490$0$0$56,099,956
96$90,393,092$0$0$61,703,246
97$99,427,800$0$0$67,874,327
98$109,378,209$0$0$74,670,994
99$120,337,536$0$0$82,156,937
100$132,408,500$0$0$90,402,335