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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$82,579$81,843$81,126$80,425$79,741$79,007
2 years$40,881$40,119$39,381$38,666$37,972$37,232
3 years$26,983$26,218$25,482$24,774$24,091$23,369
4 years$20,036$19,273$18,545$17,848$17,182$16,483
5 years$15,868$15,111$14,391$13,709$13,061$12,387
6 years$13,091$12,339$11,630$10,963$10,335$9,687
7 years$11,108$10,362$9,665$9,013$8,405$7,783
8 years$9,621$8,882$8,197$7,561$6,973$6,377
9 years$8,466$7,734$7,060$6,440$5,872$5,302
10 years$7,542$6,817$6,155$5,552$5,003$4,459
11 years$6,786$6,069$5,419$4,832$4,303$3,784
12 years$6,157$5,447$4,809$4,238$3,729$3,234
13 years$5,625$4,922$4,296$3,742$3,252$2,781
14 years$5,170$4,474$3,860$3,321$2,850$2,403
15 years$4,775$4,087$3,485$2,962$2,510$2,085
16 years$4,430$3,750$3,160$2,652$2,218$1,816
17 years$4,126$3,454$2,875$2,383$1,967$1,586
18 years$3,857$3,191$2,625$2,148$1,749$1,389
19 years$3,615$2,958$2,403$1,940$1,559$1,219
20 years$3,399$2,748$2,205$1,757$1,392$1,071
21 years$3,203$2,560$2,029$1,595$1,246$943
22 years$3,025$2,390$1,870$1,450$1,117$832
23 years$2,863$2,235$1,726$1,321$1,002$735
24 years$2,714$2,094$1,596$1,205$901$649
25 years$2,578$1,965$1,479$1,100$811$575
26 years$2,453$1,847$1,371$1,006$730$509
27 years$2,336$1,738$1,273$921$658$451
28 years$2,229$1,638$1,184$844$594$400
29 years$2,129$1,545$1,102$774$537$355
30 years$2,036$1,459$1,026$710$485$315
31 years$1,949$1,380$957$652$438$280
32 years$1,867$1,305$893$599$396$248
33 years$1,791$1,236$833$551$359$221
34 years$1,719$1,172$779$507$325$196
35 years$1,652$1,111$728$467$294$175
36 years$1,588$1,055$681$430$267$155
37 years$1,528$1,002$637$396$242$138
38 years$1,472$952$597$365$219$123
39 years$1,418$905$559$337$199$109
40 years$1,367$861$524$310$180$97
41 years$1,319$820$492$286$163$87
42 years$1,273$781$461$264$148$77
43 years$1,230$744$433$244$135$69
44 years$1,188$709$406$225$122$61
45 years$1,149$676$381$208$111$55
46 years$1,111$645$358$192$101$49
47 years$1,075$616$336$178$91$43
48 years$1,041$588$316$164$83$39
49 years$1,008$561$297$152$75$34
50 years$976$536$279$140$69$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,000,000, adding $5,260 every year, while hoping to spend $24,223 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: 80/11/9 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,107,426$1,054,426$1,038,926$1,194,124
46$1,194,610$1,080,319$1,047,957$1,277,622
47$1,289,875$1,106,670$1,056,478$1,365,514
48$1,394,020$1,133,475$1,064,448$1,461,238
49$1,507,924$1,160,729$1,071,821$1,565,564
50$1,632,555$1,188,427$1,078,550$1,679,341
51$1,768,980$1,216,564$1,084,585$1,803,503
52$1,918,371$1,245,131$1,089,874$1,939,081
53$2,082,023$1,274,121$1,094,363$2,087,206
54$2,261,358$1,303,522$1,097,993$2,249,130
55$2,457,946$1,333,323$1,100,704$2,426,225
56$2,673,511$1,363,511$1,102,433$2,620,009
57$2,909,958$1,394,071$1,103,113$2,832,150
58$3,169,380$1,424,987$1,102,674$3,064,485
59$3,454,085$1,456,240$1,101,042$3,319,042
60$3,766,615$1,487,809$1,098,140$3,598,051
61$4,109,770$1,519,672$1,093,888$3,903,970
62$4,486,634$1,551,804$1,088,201$4,239,509
63$4,900,605$1,584,176$1,080,990$4,607,650
64$5,355,425$1,616,759$1,072,161$5,011,682
65$5,855,219$1,649,520$1,061,618$5,455,227
66$6,404,527$1,682,423$1,049,259$5,942,276
67$7,008,355$1,715,428$1,034,976$6,477,227
68$7,672,217$1,748,494$1,018,657$7,064,925
69$8,402,187$1,781,573$1,000,185$7,710,710
70$9,204,956$1,814,617$979,438$8,420,463
71$10,087,899$1,847,570$956,286$9,200,669
72$11,059,140$1,880,376$930,597$10,058,469
73$12,127,628$1,912,971$902,228$11,001,735
74$13,303,227$1,945,287$871,033$12,039,139
75$14,596,802$1,977,252$836,859$13,180,238
76$16,020,326$2,008,788$799,544$14,435,565
77$17,586,991$2,039,810$758,921$15,816,723
78$19,311,333$2,070,229$714,813$17,336,501
79$21,209,367$2,099,949$667,037$19,008,991
80$23,298,741$2,128,865$615,402$20,849,720
81$25,598,902$2,156,868$559,707$22,875,802
82$28,131,274$2,183,840$499,742$25,106,093
83$30,919,470$2,209,653$435,288$27,561,372
84$33,989,503$2,234,174$366,118$30,264,540
85$37,370,042$2,257,258$291,992$33,240,829
86$41,092,674$2,278,751$212,662$36,518,048
87$45,192,208$2,298,491$127,867$40,126,840
88$49,706,999$2,316,303$37,337$44,100,975
89$54,679,312$2,332,001$0$48,477,665
90$60,155,720$2,345,387$0$53,303,613
91$66,187,544$2,356,251$0$58,622,513
92$72,831,336$2,364,370$0$64,480,607
93$80,149,413$2,369,506$0$70,932,807
94$88,210,447$2,371,406$0$78,039,623
95$97,090,109$2,369,801$0$85,867,737
96$106,871,786$2,364,406$0$94,490,629
97$117,647,366$2,354,920$0$103,989,275
98$129,518,107$2,341,021$0$114,452,904
99$142,595,590$2,322,368$0$125,979,849
100$157,002,777$2,298,600$0$138,678,469