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%18%
1 years$90,011$89,209$88,427$87,664$86,918$84,102
2 years$44,560$43,730$42,926$42,146$41,390$38,579
3 years$29,412$28,578$27,776$27,003$26,259$23,542
4 years$21,839$21,008$20,214$19,454$18,728$16,126
5 years$17,296$16,470$15,687$14,943$14,237$11,756
6 years$14,269$13,449$12,677$11,950$11,265$8,907
7 years$12,108$11,295$10,535$9,825$9,162$6,927
8 years$10,487$9,682$8,934$8,242$7,600$5,487
9 years$9,228$8,430$7,695$7,020$6,401$4,407
10 years$8,220$7,430$6,709$6,051$5,454$3,576
11 years$7,397$6,615$5,906$5,267$4,690$2,925
12 years$6,711$5,937$5,242$4,619$4,065$2,408
13 years$6,131$5,365$4,683$4,078$3,544$1,992
14 years$5,635$4,877$4,208$3,620$3,107$1,655
15 years$5,205$4,455$3,799$3,229$2,736$1,380
16 years$4,829$4,088$3,444$2,891$2,418$1,153
17 years$4,498$3,765$3,134$2,597$2,144$966
18 years$4,204$3,479$2,861$2,341$1,906$811
19 years$3,941$3,224$2,619$2,115$1,699$681
20 years$3,705$2,996$2,404$1,916$1,518$574
21 years$3,491$2,790$2,211$1,739$1,358$483
22 years$3,297$2,605$2,038$1,581$1,217$408
23 years$3,121$2,436$1,882$1,440$1,093$344
24 years$2,959$2,283$1,740$1,313$982$291
25 years$2,810$2,142$1,612$1,199$884$245
26 years$2,673$2,013$1,495$1,096$796$208
27 years$2,547$1,895$1,388$1,004$718$175
28 years$2,429$1,785$1,290$919$648$148
29 years$2,320$1,684$1,201$843$585$126
30 years$2,219$1,591$1,119$774$528$106
31 years$2,124$1,504$1,043$711$478$90
32 years$2,035$1,423$973$653$432$76
33 years$1,952$1,347$908$601$391$65
34 years$1,874$1,277$849$553$354$55
35 years$1,800$1,211$794$509$321$46
36 years$1,731$1,150$742$469$291$39
37 years$1,666$1,092$695$432$263$33
38 years$1,604$1,038$651$398$239$28
39 years$1,546$987$610$367$217$24
40 years$1,490$939$571$338$196$20
41 years$1,438$894$536$312$178$17
42 years$1,388$851$503$288$162$15
43 years$1,340$811$472$266$147$12
44 years$1,295$773$443$246$133$10
45 years$1,252$737$416$227$121$9
46 years$1,211$703$390$210$110$7
47 years$1,172$671$367$194$100$6
48 years$1,134$641$345$179$91$5
49 years$1,098$612$324$165$82$5
50 years$1,064$584$305$153$75$4

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 $3,647 every year, while hoping to spend $48,109 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: 41/33/26 Blend
44$1,090,000$1,090,000$1,090,000$1,090,000
45$1,204,942$1,147,172$1,130,277$1,244,999
46$1,276,658$1,152,196$1,116,954$1,279,226
47$1,354,077$1,155,853$1,101,571$1,311,446
48$1,437,730$1,158,027$1,084,011$1,345,387
49$1,528,200$1,158,591$1,064,146$1,381,235
50$1,626,128$1,157,414$1,041,847$1,419,199
51$1,732,219$1,154,353$1,016,975$1,459,512
52$1,847,249$1,149,260$989,387$1,502,434
53$1,972,069$1,141,975$958,933$1,548,255
54$2,107,618$1,132,329$925,455$1,597,297
55$2,254,926$1,120,145$888,789$1,649,921
56$2,415,129$1,105,232$848,763$1,706,528
57$2,589,473$1,087,389$805,197$1,767,564
58$2,779,332$1,066,404$757,904$1,833,525
59$2,986,217$1,042,052$706,688$1,904,964
60$3,211,792$1,014,093$651,343$1,982,493
61$3,457,886$982,275$591,654$2,066,796
62$3,726,515$946,330$527,398$2,158,630
63$4,019,895$905,976$458,342$2,258,836
64$4,340,468$860,912$384,240$2,368,348
65$4,690,921$810,823$304,838$2,488,202
66$5,074,214$755,372$219,869$2,619,548
67$5,493,605$694,206$129,055$2,763,661
68$5,952,681$626,951$32,107$2,921,954
69$6,455,393$553,210$0$3,095,994
70$7,006,091$472,565$0$3,307,313
71$7,609,566$384,574$0$3,548,829
72$8,271,094$288,771$0$3,813,849
73$8,996,486$184,661$0$4,104,827
74$9,792,144$71,726$0$4,424,474
75$10,665,116$0$0$4,775,783
76$11,623,168$0$0$5,180,431
77$12,674,852$0$0$5,653,362
78$13,829,591$0$0$6,172,785
79$15,097,764$0$0$6,743,386
80$16,490,803$0$0$7,370,329
81$18,021,304$0$0$8,059,303
82$19,703,141$0$0$8,816,573
83$21,551,602$0$0$9,649,045
84$23,583,526$0$0$10,564,325
85$25,817,466$0$0$11,570,791
86$28,273,863$0$0$12,677,678
87$30,975,239$0$0$13,895,157
88$33,946,403$0$0$15,234,436
89$37,214,695$0$0$16,707,864
90$40,810,234$0$0$18,329,047
91$44,766,206$0$0$20,112,974
92$49,119,178$0$0$22,076,165
93$53,909,437$0$0$24,236,819
94$59,181,377$0$0$26,614,989
95$64,983,909$0$0$29,232,773
96$71,370,929$0$0$32,114,516
97$78,401,823$0$0$35,287,047
98$86,142,027$0$0$38,779,928
99$94,663,643$0$0$42,625,730
100$104,046,120$0$0$46,860,347