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%19.5%
1 years$87,534$86,754$85,993$85,251$84,526$81,301
2 years$43,334$42,527$41,744$40,986$40,250$37,039
3 years$28,602$27,792$27,011$26,260$25,537$22,440
4 years$21,238$20,430$19,657$18,919$18,213$15,255
5 years$16,820$16,017$15,255$14,532$13,845$11,033
6 years$13,876$13,079$12,328$11,621$10,955$8,291
7 years$11,774$10,984$10,245$9,554$8,909$6,393
8 years$10,199$9,415$8,688$8,015$7,391$5,019
9 years$8,974$8,198$7,483$6,827$6,225$3,994
10 years$7,994$7,226$6,524$5,885$5,304$3,210
11 years$7,193$6,433$5,744$5,122$4,561$2,600
12 years$6,526$5,774$5,097$4,492$3,953$2,119
13 years$5,963$5,218$4,554$3,966$3,447$1,736
14 years$5,480$4,743$4,092$3,521$3,021$1,427
15 years$5,062$4,333$3,695$3,140$2,660$1,177
16 years$4,696$3,975$3,350$2,811$2,351$973
17 years$4,374$3,661$3,048$2,526$2,085$806
18 years$4,088$3,383$2,782$2,276$1,854$669
19 years$3,832$3,135$2,547$2,057$1,652$556
20 years$3,603$2,913$2,338$1,863$1,476$463
21 years$3,395$2,714$2,150$1,691$1,321$385
22 years$3,206$2,533$1,982$1,537$1,184$321
23 years$3,035$2,369$1,830$1,400$1,063$268
24 years$2,877$2,220$1,692$1,277$955$224
25 years$2,733$2,083$1,567$1,166$859$187
26 years$2,600$1,958$1,454$1,066$774$156
27 years$2,477$1,843$1,350$976$698$130
28 years$2,363$1,736$1,255$894$630$109
29 years$2,256$1,638$1,168$820$569$91
30 years$2,158$1,547$1,088$753$514$76
31 years$2,065$1,462$1,014$691$465$64
32 years$1,979$1,384$946$635$420$53
33 years$1,898$1,310$883$584$380$44
34 years$1,822$1,242$825$537$344$37
35 years$1,751$1,178$772$495$312$31
36 years$1,684$1,118$722$456$283$26
37 years$1,620$1,062$676$420$256$22
38 years$1,560$1,009$633$387$232$18
39 years$1,503$960$593$357$211$15
40 years$1,449$913$556$329$191$13
41 years$1,398$869$521$304$173$11
42 years$1,350$828$489$280$157$9
43 years$1,303$789$459$259$143$7
44 years$1,259$752$430$239$130$6
45 years$1,218$717$404$221$118$5
46 years$1,178$684$380$204$107$4
47 years$1,140$653$357$188$97$4
48 years$1,103$623$335$174$88$3
49 years$1,068$595$315$161$80$3
50 years$1,035$568$296$149$73$2

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 $3,936 every year, while hoping to spend $29,638 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: 66/17/17 Blend
44$1,060,000$1,060,000$1,060,000$1,060,000
45$1,172,180$1,116,000$1,099,570$1,244,425
46$1,260,208$1,139,149$1,104,871$1,316,404
47$1,356,221$1,162,440$1,109,356$1,391,259
48$1,461,003$1,185,847$1,112,967$1,472,361
49$1,575,416$1,209,344$1,115,642$1,560,322
50$1,700,409$1,232,902$1,117,316$1,655,815
51$1,837,026$1,256,490$1,117,922$1,759,584
52$1,986,418$1,280,074$1,117,388$1,872,447
53$2,149,852$1,303,617$1,115,640$1,995,304
54$2,328,723$1,327,079$1,112,599$2,129,150
55$2,524,564$1,350,418$1,108,183$2,275,080
56$2,739,069$1,373,587$1,102,306$2,434,299
57$2,974,098$1,396,537$1,094,878$2,608,138
58$3,231,703$1,419,215$1,085,804$2,798,063
59$3,514,143$1,441,562$1,074,984$3,005,689
60$3,823,905$1,463,518$1,062,315$3,232,795
61$4,163,729$1,485,017$1,047,689$3,481,345
62$4,536,633$1,505,986$1,030,990$3,753,500
63$4,945,943$1,526,352$1,012,101$4,051,645
64$5,395,318$1,546,033$990,896$4,378,406
65$5,888,794$1,564,942$967,245$4,736,678
66$6,430,814$1,582,988$941,011$5,129,655
67$7,026,273$1,600,070$912,050$5,560,852
68$7,680,564$1,616,084$880,215$6,034,148
69$8,399,627$1,630,918$845,347$6,553,816
70$9,190,007$1,644,451$807,285$7,124,566
71$10,058,915$1,656,556$765,856$7,751,591
72$11,014,295$1,667,097$720,882$8,440,611
73$12,064,898$1,675,931$672,177$9,197,935
74$13,220,368$1,682,902$619,546$10,030,514
75$14,491,329$1,687,847$562,784$10,946,011
76$15,889,486$1,690,593$501,679$11,952,871
77$17,427,737$1,690,955$436,008$13,060,403
78$19,120,291$1,688,737$365,539$14,278,866
79$20,982,805$1,683,730$290,029$15,619,569
80$23,032,532$1,675,714$209,226$17,094,975
81$25,288,480$1,664,453$122,864$18,718,821
82$27,771,593$1,649,699$30,669$20,506,249
83$30,504,950$1,631,189$0$22,473,945
84$33,513,979$1,608,642$0$24,652,588
85$36,826,702$1,581,762$0$27,056,900
86$40,473,993$1,550,236$0$29,703,711
87$44,489,873$1,513,731$0$32,617,707
88$48,911,830$1,471,893$0$35,826,090
89$53,781,173$1,424,352$0$39,358,837
90$59,143,419$1,370,712$0$43,248,984
91$65,048,726$1,310,555$0$47,532,938
92$71,552,363$1,243,439$0$52,250,816
93$78,715,235$1,168,898$0$57,446,833
94$86,604,452$1,086,438$0$63,169,711
95$95,293,968$995,535$0$69,473,143
96$104,865,274$895,637$0$76,416,302
97$115,408,170$786,161$0$84,064,396
98$127,021,610$666,490$0$92,489,287
99$139,814,638$535,972$0$101,770,167
100$153,907,415$393,918$0$111,994,308