Can I retire at age 45 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$90,011$89,209$88,427$87,664$86,918$84,920
2 years$44,560$43,730$42,926$42,146$41,390$39,388
3 years$29,412$28,578$27,776$27,003$26,259$24,316
4 years$21,839$21,008$20,214$19,454$18,728$16,859
5 years$17,296$16,470$15,687$14,943$14,237$12,446
6 years$14,269$13,449$12,677$11,950$11,265$9,555
7 years$12,108$11,295$10,535$9,825$9,162$7,533
8 years$10,487$9,682$8,934$8,242$7,600$6,052
9 years$9,228$8,430$7,695$7,020$6,401$4,931
10 years$8,220$7,430$6,709$6,051$5,454$4,062
11 years$7,397$6,615$5,906$5,267$4,690$3,374
12 years$6,711$5,937$5,242$4,619$4,065$2,822
13 years$6,131$5,365$4,683$4,078$3,544$2,373
14 years$5,635$4,877$4,208$3,620$3,107$2,004
15 years$5,205$4,455$3,799$3,229$2,736$1,699
16 years$4,829$4,088$3,444$2,891$2,418$1,445
17 years$4,498$3,765$3,134$2,597$2,144$1,232
18 years$4,204$3,479$2,861$2,341$1,906$1,052
19 years$3,941$3,224$2,619$2,115$1,699$901
20 years$3,705$2,996$2,404$1,916$1,518$772
21 years$3,491$2,790$2,211$1,739$1,358$663
22 years$3,297$2,605$2,038$1,581$1,217$569
23 years$3,121$2,436$1,882$1,440$1,093$490
24 years$2,959$2,283$1,740$1,313$982$421
25 years$2,810$2,142$1,612$1,199$884$363
26 years$2,673$2,013$1,495$1,096$796$313
27 years$2,547$1,895$1,388$1,004$718$270
28 years$2,429$1,785$1,290$919$648$233
29 years$2,320$1,684$1,201$843$585$201
30 years$2,219$1,591$1,119$774$528$173
31 years$2,124$1,504$1,043$711$478$150
32 years$2,035$1,423$973$653$432$129
33 years$1,952$1,347$908$601$391$112
34 years$1,874$1,277$849$553$354$97
35 years$1,800$1,211$794$509$321$83
36 years$1,731$1,150$742$469$291$72
37 years$1,666$1,092$695$432$263$62
38 years$1,604$1,038$651$398$239$54
39 years$1,546$987$610$367$217$47
40 years$1,490$939$571$338$196$40
41 years$1,438$894$536$312$178$35
42 years$1,388$851$503$288$162$30
43 years$1,340$811$472$266$147$26
44 years$1,295$773$443$246$133$23
45 years$1,252$737$416$227$121$19
46 years$1,211$703$390$210$110$17
47 years$1,172$671$367$194$100$15
48 years$1,134$641$345$179$91$13
49 years$1,098$612$324$165$82$11
50 years$1,064$584$305$153$75$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,090,000, adding $6,381 every year, while hoping to spend $35,377 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: 61/24/15 Blend
44$1,090,000$1,090,000$1,090,000$1,090,000
45$1,207,762$1,149,992$1,133,097$1,276,542
46$1,293,313$1,168,701$1,133,415$1,342,304
47$1,386,404$1,187,141$1,132,558$1,409,485
48$1,487,768$1,205,261$1,130,449$1,481,956
49$1,598,209$1,223,008$1,127,008$1,560,231
50$1,718,614$1,240,322$1,122,150$1,644,878
51$1,849,958$1,257,144$1,115,787$1,736,525
52$1,993,314$1,273,404$1,107,827$1,835,861
53$2,149,865$1,289,034$1,098,172$1,943,648
54$2,320,910$1,303,956$1,086,720$2,060,726
55$2,507,883$1,318,089$1,073,365$2,188,021
56$2,712,359$1,331,348$1,057,995$2,326,553
57$2,936,075$1,343,639$1,040,493$2,477,449
58$3,180,943$1,354,865$1,020,737$2,641,949
59$3,449,067$1,364,921$998,599$2,821,422
60$3,742,764$1,373,695$973,945$3,017,379
61$4,064,589$1,381,069$946,635$3,231,483
62$4,417,351$1,386,916$916,522$3,465,570
63$4,804,148$1,391,102$883,452$3,721,664
64$5,228,390$1,393,484$847,266$4,001,996
65$5,693,832$1,393,911$807,796$4,309,028
66$6,204,611$1,392,221$764,866$4,645,472
67$6,765,285$1,388,244$718,293$5,014,322
68$7,380,874$1,381,798$667,885$5,418,875
69$8,056,907$1,372,690$613,443$5,862,771
70$8,799,476$1,360,716$554,758$6,350,019
71$9,615,291$1,345,659$491,611$6,885,043
72$10,511,745$1,327,290$423,774$7,472,720
73$11,496,981$1,305,366$351,008$8,118,425
74$12,579,972$1,279,628$273,066$8,828,086
75$13,770,602$1,249,803$189,687$9,608,241
76$15,079,762$1,215,602$100,600$10,466,093
77$16,519,450$1,176,718$5,522$11,409,589
78$18,102,885$1,132,829$0$12,447,487
79$19,844,632$1,083,590$0$13,604,800
80$21,760,737$1,028,638$0$14,878,759
81$23,868,882$967,591$0$16,280,268
82$26,188,546$900,042$0$17,822,320
83$28,741,195$825,561$0$19,519,235
84$31,550,479$743,696$0$21,386,797
85$34,642,457$653,966$0$23,442,403
86$38,045,843$555,865$0$25,705,227
87$41,792,273$448,857$0$28,196,401
88$45,916,612$332,377$0$30,939,217
89$50,457,271$205,828$0$33,959,347
90$55,456,577$68,579$0$37,285,085
91$60,961,172$0$0$40,947,616
92$67,022,448$0$0$45,002,446
93$73,697,037$0$0$49,487,620
94$81,047,340$0$0$54,426,971
95$89,142,120$0$0$59,866,721
96$98,057,147$0$0$65,857,805
97$107,875,918$0$0$72,456,346
98$118,690,436$0$0$79,724,192
99$130,602,088$0$0$87,729,493
100$143,722,592$0$0$96,547,347