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%19.1%
1 years$90,011$89,209$88,427$87,664$86,918$83,734
2 years$44,560$43,730$42,926$42,146$41,390$38,217
3 years$29,412$28,578$27,776$27,003$26,259$23,198
4 years$21,839$21,008$20,214$19,454$18,728$15,802
5 years$17,296$16,470$15,687$14,943$14,237$11,453
6 years$14,269$13,449$12,677$11,950$11,265$8,626
7 years$12,108$11,295$10,535$9,825$9,162$6,666
8 years$10,487$9,682$8,934$8,242$7,600$5,246
9 years$9,228$8,430$7,695$7,020$6,401$4,185
10 years$8,220$7,430$6,709$6,051$5,454$3,372
11 years$7,397$6,615$5,906$5,267$4,690$2,739
12 years$6,711$5,937$5,242$4,619$4,065$2,238
13 years$6,131$5,365$4,683$4,078$3,544$1,838
14 years$5,635$4,877$4,208$3,620$3,107$1,515
15 years$5,205$4,455$3,799$3,229$2,736$1,253
16 years$4,829$4,088$3,444$2,891$2,418$1,039
17 years$4,498$3,765$3,134$2,597$2,144$864
18 years$4,204$3,479$2,861$2,341$1,906$719
19 years$3,941$3,224$2,619$2,115$1,699$599
20 years$3,705$2,996$2,404$1,916$1,518$500
21 years$3,491$2,790$2,211$1,739$1,358$418
22 years$3,297$2,605$2,038$1,581$1,217$349
23 years$3,121$2,436$1,882$1,440$1,093$292
24 years$2,959$2,283$1,740$1,313$982$245
25 years$2,810$2,142$1,612$1,199$884$205
26 years$2,673$2,013$1,495$1,096$796$172
27 years$2,547$1,895$1,388$1,004$718$144
28 years$2,429$1,785$1,290$919$648$121
29 years$2,320$1,684$1,201$843$585$101
30 years$2,219$1,591$1,119$774$528$85
31 years$2,124$1,504$1,043$711$478$71
32 years$2,035$1,423$973$653$432$60
33 years$1,952$1,347$908$601$391$50
34 years$1,874$1,277$849$553$354$42
35 years$1,800$1,211$794$509$321$35
36 years$1,731$1,150$742$469$291$30
37 years$1,666$1,092$695$432$263$25
38 years$1,604$1,038$651$398$239$21
39 years$1,546$987$610$367$217$18
40 years$1,490$939$571$338$196$15
41 years$1,438$894$536$312$178$12
42 years$1,388$851$503$288$162$10
43 years$1,340$811$472$266$147$9
44 years$1,295$773$443$246$133$7
45 years$1,252$737$416$227$121$6
46 years$1,211$703$390$210$110$5
47 years$1,172$671$367$194$100$4
48 years$1,134$641$345$179$91$4
49 years$1,098$612$324$165$82$3
50 years$1,064$584$305$153$75$3

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 $4,211 every year, while hoping to spend $45,050 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: 82/5/13 Blend
44$1,090,000$1,090,000$1,090,000$1,090,000
45$1,205,524$1,147,754$1,130,859$1,301,103
46$1,280,554$1,156,061$1,120,810$1,372,717
47$1,361,728$1,163,265$1,108,914$1,444,985
48$1,449,624$1,169,265$1,095,062$1,523,006
49$1,544,879$1,173,952$1,079,140$1,607,334
50$1,648,193$1,177,212$1,061,028$1,698,580
51$1,760,335$1,178,922$1,040,599$1,797,416
52$1,882,153$1,178,953$1,017,723$1,904,583
53$2,014,578$1,177,167$992,262$2,020,898
54$2,158,634$1,173,417$964,071$2,147,258
55$2,315,449$1,167,549$933,002$2,284,655
56$2,486,263$1,159,396$898,895$2,434,179
57$2,672,440$1,148,786$861,587$2,597,034
58$2,875,485$1,135,532$820,906$2,774,544
59$3,097,049$1,119,437$776,671$2,968,169
60$3,338,953$1,100,295$728,694$3,179,518
61$3,603,200$1,077,883$676,780$3,410,363
62$3,891,996$1,051,969$620,722$3,662,657
63$4,207,770$1,022,306$560,306$3,938,554
64$4,553,194$988,631$495,308$4,240,425
65$4,931,213$950,667$425,494$4,570,886
66$5,345,068$908,120$350,619$4,932,817
67$5,798,328$860,682$270,428$5,329,393
68$6,294,926$808,023$184,655$5,764,114
69$6,839,188$749,797$93,022$6,240,836
70$7,435,885$685,636$0$6,763,811
71$8,090,266$615,153$0$7,338,382
72$8,808,115$537,938$0$7,982,866
73$9,595,803$453,557$0$8,690,078
74$10,460,348$361,554$0$9,466,336
75$11,409,477$261,444$0$10,318,599
76$12,451,706$152,717$0$11,254,533
77$13,596,414$34,834$0$12,282,586
78$14,853,934$0$0$13,412,064
79$16,235,647$0$0$14,658,326
80$17,754,092$0$0$16,030,050
81$19,423,086$0$0$17,537,801
82$21,257,846$0$0$19,195,333
83$23,275,140$0$0$21,017,796
84$25,493,441$0$0$23,021,884
85$27,933,103$0$0$25,225,987
86$30,616,548$0$0$27,650,368
87$33,568,485$0$0$30,317,353
88$36,816,135$0$0$33,251,540
89$40,389,490$0$0$36,480,032
90$44,321,598$0$0$40,032,690
91$48,648,871$0$0$43,942,417
92$53,411,429$0$0$48,245,468
93$58,653,480$0$0$52,981,789
94$64,423,734$0$0$58,195,396
95$70,775,864$0$0$63,934,790
96$77,769,009$0$0$70,253,410
97$85,468,336$0$0$77,210,144
98$93,945,651$0$0$84,869,878
99$103,280,079$0$0$93,304,110
100$113,558,805$0$0$102,591,625