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%17.4%
1 years$82,579$81,843$81,126$80,425$79,741$77,344
2 years$40,881$40,119$39,381$38,666$37,972$35,577
3 years$26,983$26,218$25,482$24,774$24,091$21,773
4 years$20,036$19,273$18,545$17,848$17,182$14,959
5 years$15,868$15,111$14,391$13,709$13,061$10,940
6 years$13,091$12,339$11,630$10,963$10,335$8,316
7 years$11,108$10,362$9,665$9,013$8,405$6,489
8 years$9,621$8,882$8,197$7,561$6,973$5,159
9 years$8,466$7,734$7,060$6,440$5,872$4,158
10 years$7,542$6,817$6,155$5,552$5,003$3,387
11 years$6,786$6,069$5,419$4,832$4,303$2,781
12 years$6,157$5,447$4,809$4,238$3,729$2,298
13 years$5,625$4,922$4,296$3,742$3,252$1,909
14 years$5,170$4,474$3,860$3,321$2,850$1,593
15 years$4,775$4,087$3,485$2,962$2,510$1,333
16 years$4,430$3,750$3,160$2,652$2,218$1,119
17 years$4,126$3,454$2,875$2,383$1,967$942
18 years$3,857$3,191$2,625$2,148$1,749$794
19 years$3,615$2,958$2,403$1,940$1,559$670
20 years$3,399$2,748$2,205$1,757$1,392$567
21 years$3,203$2,560$2,029$1,595$1,246$480
22 years$3,025$2,390$1,870$1,450$1,117$407
23 years$2,863$2,235$1,726$1,321$1,002$345
24 years$2,714$2,094$1,596$1,205$901$293
25 years$2,578$1,965$1,479$1,100$811$248
26 years$2,453$1,847$1,371$1,006$730$211
27 years$2,336$1,738$1,273$921$658$179
28 years$2,229$1,638$1,184$844$594$152
29 years$2,129$1,545$1,102$774$537$130
30 years$2,036$1,459$1,026$710$485$110
31 years$1,949$1,380$957$652$438$94
32 years$1,867$1,305$893$599$396$80
33 years$1,791$1,236$833$551$359$68
34 years$1,719$1,172$779$507$325$58
35 years$1,652$1,111$728$467$294$49
36 years$1,588$1,055$681$430$267$42
37 years$1,528$1,002$637$396$242$36
38 years$1,472$952$597$365$219$30
39 years$1,418$905$559$337$199$26
40 years$1,367$861$524$310$180$22
41 years$1,319$820$492$286$163$19
42 years$1,273$781$461$264$148$16
43 years$1,230$744$433$244$135$14
44 years$1,188$709$406$225$122$12
45 years$1,149$676$381$208$111$10
46 years$1,111$645$358$192$101$8
47 years$1,075$616$336$178$91$7
48 years$1,041$588$316$164$83$6
49 years$1,008$561$297$152$75$5
50 years$976$536$279$140$69$4

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 $3,763 every year, while hoping to spend $21,080 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: 71/18/11 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,105,882$1,052,882$1,037,382$1,181,674
46$1,196,252$1,082,044$1,049,705$1,261,524
47$1,295,135$1,111,928$1,061,735$1,345,962
48$1,403,374$1,142,549$1,073,438$1,437,825
49$1,521,903$1,173,918$1,084,783$1,537,840
50$1,651,745$1,206,048$1,095,731$1,646,809
51$1,794,032$1,238,953$1,106,247$1,765,614
52$1,950,007$1,272,646$1,116,290$1,895,225
53$2,121,041$1,307,138$1,125,819$2,036,714
54$2,308,642$1,342,443$1,134,789$2,191,257
55$2,514,473$1,378,572$1,143,154$2,360,153
56$2,740,364$1,415,538$1,150,865$2,544,831
57$2,988,334$1,453,351$1,157,871$2,746,865
58$3,260,602$1,492,024$1,164,118$2,967,990
59$3,559,617$1,531,566$1,169,549$3,210,116
60$3,888,073$1,571,989$1,174,105$3,475,348
61$4,248,942$1,613,302$1,177,723$3,766,003
62$4,645,494$1,655,514$1,180,337$4,084,637
63$5,081,335$1,698,634$1,181,878$4,434,063
64$5,560,434$1,742,669$1,182,273$4,817,381
65$6,087,166$1,787,628$1,181,448$5,238,007
66$6,666,351$1,833,517$1,179,321$5,699,704
67$7,303,300$1,880,340$1,175,808$6,206,619
68$8,003,862$1,928,102$1,170,824$6,763,320
69$8,774,484$1,976,807$1,164,274$7,374,840
70$9,622,267$2,026,456$1,156,063$8,046,726
71$10,555,037$2,077,051$1,146,090$8,785,090
72$11,581,416$2,128,592$1,134,249$9,596,665
73$12,710,902$2,181,075$1,120,429$10,488,871
74$13,953,964$2,234,497$1,104,513$11,469,885
75$15,322,135$2,288,854$1,086,380$12,548,714
76$16,828,123$2,344,138$1,065,904$13,735,287
77$18,485,929$2,400,339$1,042,950$15,040,542
78$20,310,985$2,457,446$1,017,379$16,476,535
79$22,320,289$2,515,445$989,046$18,056,547
80$24,532,577$2,574,320$957,797$19,795,217
81$26,968,490$2,634,052$923,473$21,708,673
82$29,650,774$2,694,618$885,908$23,814,689
83$32,604,494$2,755,995$844,926$26,132,851
84$35,857,267$2,818,154$800,346$28,684,744
85$39,439,527$2,881,062$751,976$31,494,150
86$43,384,809$2,944,685$699,618$34,587,280
87$47,730,068$3,008,982$643,063$37,993,015
88$52,516,023$3,073,910$582,094$41,743,185
89$57,787,546$3,139,421$516,483$45,872,861
90$63,594,083$3,205,460$445,993$50,420,696
91$69,990,122$3,271,970$370,376$55,429,282
92$77,035,705$3,338,887$289,374$60,945,555
93$84,796,994$3,406,140$202,715$67,021,240
94$93,346,900$3,473,653$110,119$73,713,336
95$102,765,765$3,541,344$11,289$81,084,656
96$113,142,126$3,609,122$0$89,204,422
97$124,573,544$3,676,890$0$98,159,966
98$137,167,531$3,744,543$0$108,026,428
99$151,042,560$3,811,967$0$118,895,158
100$166,329,186$3,879,039$0$130,868,279