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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$90,011$89,209$88,427$87,664$86,918$86,370
2 years$44,560$43,730$42,926$42,146$41,390$40,837
3 years$29,412$28,578$27,776$27,003$26,259$25,719
4 years$21,839$21,008$20,214$19,454$18,728$18,205
5 years$17,296$16,470$15,687$14,943$14,237$13,731
6 years$14,269$13,449$12,677$11,950$11,265$10,778
7 years$12,108$11,295$10,535$9,825$9,162$8,694
8 years$10,487$9,682$8,934$8,242$7,600$7,151
9 years$9,228$8,430$7,695$7,020$6,401$5,970
10 years$8,220$7,430$6,709$6,051$5,454$5,042
11 years$7,397$6,615$5,906$5,267$4,690$4,297
12 years$6,711$5,937$5,242$4,619$4,065$3,689
13 years$6,131$5,365$4,683$4,078$3,544$3,187
14 years$5,635$4,877$4,208$3,620$3,107$2,766
15 years$5,205$4,455$3,799$3,229$2,736$2,412
16 years$4,829$4,088$3,444$2,891$2,418$2,110
17 years$4,498$3,765$3,134$2,597$2,144$1,852
18 years$4,204$3,479$2,861$2,341$1,906$1,630
19 years$3,941$3,224$2,619$2,115$1,699$1,437
20 years$3,705$2,996$2,404$1,916$1,518$1,270
21 years$3,491$2,790$2,211$1,739$1,358$1,124
22 years$3,297$2,605$2,038$1,581$1,217$997
23 years$3,121$2,436$1,882$1,440$1,093$885
24 years$2,959$2,283$1,740$1,313$982$786
25 years$2,810$2,142$1,612$1,199$884$699
26 years$2,673$2,013$1,495$1,096$796$623
27 years$2,547$1,895$1,388$1,004$718$555
28 years$2,429$1,785$1,290$919$648$495
29 years$2,320$1,684$1,201$843$585$442
30 years$2,219$1,591$1,119$774$528$394
31 years$2,124$1,504$1,043$711$478$352
32 years$2,035$1,423$973$653$432$315
33 years$1,952$1,347$908$601$391$281
34 years$1,874$1,277$849$553$354$252
35 years$1,800$1,211$794$509$321$225
36 years$1,731$1,150$742$469$291$201
37 years$1,666$1,092$695$432$263$180
38 years$1,604$1,038$651$398$239$161
39 years$1,546$987$610$367$217$144
40 years$1,490$939$571$338$196$129
41 years$1,438$894$536$312$178$116
42 years$1,388$851$503$288$162$104
43 years$1,340$811$472$266$147$93
44 years$1,295$773$443$246$133$83
45 years$1,252$737$416$227$121$75
46 years$1,211$703$390$210$110$67
47 years$1,172$671$367$194$100$60
48 years$1,134$641$345$179$91$54
49 years$1,098$612$324$165$82$48
50 years$1,064$584$305$153$75$43

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 $5,905 every year, while hoping to spend $43,561 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: 43/41/16 Blend
44$1,090,000$1,090,000$1,090,000$1,090,000
45$1,207,271$1,149,501$1,132,606$1,253,332
46$1,284,064$1,159,478$1,124,200$1,296,257
47$1,367,230$1,168,484$1,114,052$1,337,962
48$1,457,373$1,176,425$1,102,058$1,382,214
49$1,555,157$1,183,202$1,088,109$1,429,265
50$1,661,313$1,188,709$1,072,091$1,479,399
51$1,776,644$1,192,832$1,053,882$1,532,927
52$1,902,033$1,195,453$1,033,360$1,590,196
53$2,038,454$1,196,444$1,010,391$1,651,590
54$2,186,976$1,195,669$984,838$1,717,536
55$2,348,776$1,192,985$956,559$1,788,505
56$2,525,150$1,188,240$925,402$1,865,022
57$2,717,522$1,181,271$891,210$1,947,667
58$2,927,464$1,171,907$853,820$2,037,082
59$3,156,700$1,159,966$813,058$2,133,979
60$3,407,135$1,145,255$768,746$2,239,147
61$3,680,859$1,127,570$720,696$2,353,458
62$3,980,179$1,106,693$668,712$2,477,880
63$4,307,631$1,082,395$612,587$2,613,481
64$4,666,010$1,054,432$552,110$2,761,447
65$5,058,392$1,022,549$487,054$2,923,088
66$5,488,165$986,471$417,188$3,099,853
67$5,959,060$945,910$342,266$3,293,345
68$6,475,187$900,562$262,034$3,505,340
69$7,041,069$850,103$176,226$3,737,798
70$7,661,692$794,192$84,563$3,992,889
71$8,342,546$732,468$0$4,273,011
72$9,089,676$664,550$0$4,583,079
73$9,909,744$590,033$0$4,939,314
74$10,810,085$508,493$0$5,330,556
75$11,798,783$419,477$0$5,760,441
76$12,884,738$322,511$0$6,232,983
77$14,077,759$217,092$0$6,752,613
78$15,388,650$102,689$0$7,324,221
79$16,829,312$0$0$7,953,206
80$18,412,860$0$0$8,655,119
81$20,153,738$0$0$9,477,846
82$22,067,863$0$0$10,382,599
83$24,172,770$0$0$11,377,685
84$26,487,778$0$0$12,472,254
85$29,034,173$0$0$13,676,392
86$31,835,405$0$0$15,001,210
87$34,917,316$0$0$16,458,948
88$38,308,375$0$0$18,063,095
89$42,039,950$0$0$19,828,514
90$46,146,606$0$0$21,771,579
91$50,666,426$0$0$23,910,334
92$55,641,374$0$0$26,264,661
93$61,117,685$0$0$28,856,467
94$67,146,308$0$0$31,709,891
95$73,783,382$0$0$34,851,530
96$81,090,763$0$0$38,310,695
97$89,136,614$0$0$42,119,680
98$97,996,041$0$0$46,314,073
99$107,751,807$0$0$50,933,086
100$118,495,105$0$0$56,019,931