Can I retire at age 45 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$87,534$86,754$85,993$85,251$84,526$81,559
2 years$43,334$42,527$41,744$40,986$40,250$37,293
3 years$28,602$27,792$27,011$26,260$25,537$22,681
4 years$21,238$20,430$19,657$18,919$18,213$15,481
5 years$16,820$16,017$15,255$14,532$13,845$11,244
6 years$13,876$13,079$12,328$11,621$10,955$8,487
7 years$11,774$10,984$10,245$9,554$8,909$6,574
8 years$10,199$9,415$8,688$8,015$7,391$5,186
9 years$8,974$8,198$7,483$6,827$6,225$4,147
10 years$7,994$7,226$6,524$5,885$5,304$3,350
11 years$7,193$6,433$5,744$5,122$4,561$2,728
12 years$6,526$5,774$5,097$4,492$3,953$2,235
13 years$5,963$5,218$4,554$3,966$3,447$1,840
14 years$5,480$4,743$4,092$3,521$3,021$1,522
15 years$5,062$4,333$3,695$3,140$2,660$1,262
16 years$4,696$3,975$3,350$2,811$2,351$1,050
17 years$4,374$3,661$3,048$2,526$2,085$875
18 years$4,088$3,383$2,782$2,276$1,854$730
19 years$3,832$3,135$2,547$2,057$1,652$611
20 years$3,603$2,913$2,338$1,863$1,476$511
21 years$3,395$2,714$2,150$1,691$1,321$428
22 years$3,206$2,533$1,982$1,537$1,184$359
23 years$3,035$2,369$1,830$1,400$1,063$302
24 years$2,877$2,220$1,692$1,277$955$253
25 years$2,733$2,083$1,567$1,166$859$213
26 years$2,600$1,958$1,454$1,066$774$179
27 years$2,477$1,843$1,350$976$698$150
28 years$2,363$1,736$1,255$894$630$127
29 years$2,256$1,638$1,168$820$569$106
30 years$2,158$1,547$1,088$753$514$90
31 years$2,065$1,462$1,014$691$465$75
32 years$1,979$1,384$946$635$420$63
33 years$1,898$1,310$883$584$380$53
34 years$1,822$1,242$825$537$344$45
35 years$1,751$1,178$772$495$312$38
36 years$1,684$1,118$722$456$283$32
37 years$1,620$1,062$676$420$256$27
38 years$1,560$1,009$633$387$232$23
39 years$1,503$960$593$357$211$19
40 years$1,449$913$556$329$191$16
41 years$1,398$869$521$304$173$14
42 years$1,350$828$489$280$157$11
43 years$1,303$789$459$259$143$10
44 years$1,259$752$430$239$130$8
45 years$1,218$717$404$221$118$7
46 years$1,178$684$380$204$107$6
47 years$1,140$653$357$188$97$5
48 years$1,103$623$335$174$88$4
49 years$1,068$595$315$161$80$3
50 years$1,035$568$296$149$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,060,000, adding $3,355 every year, while hoping to spend $32,992 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: 39/47/14 Blend
44$1,060,000$1,060,000$1,060,000$1,060,000
45$1,171,581$1,115,401$1,098,971$1,212,224
46$1,255,979$1,134,952$1,100,683$1,260,987
47$1,347,880$1,154,356$1,101,347$1,310,222
48$1,448,014$1,173,570$1,100,892$1,362,742
49$1,557,185$1,192,548$1,099,246$1,418,860
50$1,676,278$1,211,244$1,096,331$1,478,921
51$1,806,267$1,229,603$1,092,067$1,543,307
52$1,948,224$1,247,571$1,086,369$1,612,438
53$2,103,328$1,265,087$1,079,147$1,686,780
54$2,272,879$1,282,088$1,070,310$1,766,846
55$2,458,307$1,298,505$1,059,760$1,853,202
56$2,661,187$1,314,264$1,047,395$1,946,475
57$2,883,253$1,329,288$1,033,107$2,047,356
58$3,126,414$1,343,493$1,016,786$2,156,609
59$3,392,774$1,356,789$998,313$2,275,076
60$3,684,647$1,369,082$977,567$2,403,688
61$4,004,584$1,380,271$954,419$2,543,473
62$4,355,394$1,390,246$928,735$2,695,565
63$4,740,171$1,398,895$900,374$2,861,217
64$5,162,322$1,406,094$869,189$3,041,813
65$5,625,599$1,411,713$835,028$3,238,878
66$6,134,137$1,415,614$797,728$3,454,099
67$6,692,490$1,417,650$757,124$3,689,336
68$7,305,675$1,417,666$713,038$3,946,642
69$7,979,216$1,415,494$665,287$4,228,284
70$8,719,202$1,410,959$613,680$4,536,765
71$9,532,339$1,403,875$558,017$4,874,846
72$10,426,016$1,394,042$498,088$5,245,573
73$11,408,370$1,381,251$433,675$5,652,310
74$12,488,370$1,365,278$364,549$6,098,768
75$13,675,895$1,345,888$290,472$6,589,042
76$14,981,829$1,322,830$211,196$7,127,651
77$16,418,165$1,295,838$126,461$7,719,581
78$17,998,115$1,264,631$35,994$8,370,331
79$19,736,237$1,228,912$0$9,085,972
80$21,648,570$1,188,366$0$9,882,244
81$23,752,787$1,142,659$0$10,763,815
82$26,068,360$1,091,438$0$11,733,496
83$28,616,745$1,034,330$0$12,800,324
84$31,421,581$970,941$0$13,974,265
85$34,508,918$900,852$0$15,266,307
86$37,907,456$823,622$0$16,688,568
87$41,648,822$738,785$0$18,254,410
88$45,767,863$645,847$0$19,978,566
89$50,302,979$544,288$0$21,877,282
90$55,296,481$433,556$0$23,968,471
91$60,794,992$313,070$0$26,271,884
92$66,849,886$182,215$0$28,809,297
93$73,517,775$40,344$0$31,604,720
94$80,861,038$0$0$34,684,624
95$88,948,414$0$0$38,136,757
96$97,855,648$0$0$41,962,027
97$107,666,206$0$0$46,175,436
98$118,472,064$0$0$50,816,511
99$130,374,573$0$0$55,928,808
100$143,485,416$0$0$61,560,323