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%16.6%
1 years$82,579$81,843$81,126$80,425$79,741$77,593
2 years$40,881$40,119$39,381$38,666$37,972$35,823
3 years$26,983$26,218$25,482$24,774$24,091$22,009
4 years$20,036$19,273$18,545$17,848$17,182$15,182
5 years$15,868$15,111$14,391$13,709$13,061$11,150
6 years$13,091$12,339$11,630$10,963$10,335$8,513
7 years$11,108$10,362$9,665$9,013$8,405$6,673
8 years$9,621$8,882$8,197$7,561$6,973$5,330
9 years$8,466$7,734$7,060$6,440$5,872$4,317
10 years$7,542$6,817$6,155$5,552$5,003$3,534
11 years$6,786$6,069$5,419$4,832$4,303$2,917
12 years$6,157$5,447$4,809$4,238$3,729$2,423
13 years$5,625$4,922$4,296$3,742$3,252$2,024
14 years$5,170$4,474$3,860$3,321$2,850$1,698
15 years$4,775$4,087$3,485$2,962$2,510$1,429
16 years$4,430$3,750$3,160$2,652$2,218$1,207
17 years$4,126$3,454$2,875$2,383$1,967$1,021
18 years$3,857$3,191$2,625$2,148$1,749$866
19 years$3,615$2,958$2,403$1,940$1,559$736
20 years$3,399$2,748$2,205$1,757$1,392$626
21 years$3,203$2,560$2,029$1,595$1,246$533
22 years$3,025$2,390$1,870$1,450$1,117$455
23 years$2,863$2,235$1,726$1,321$1,002$388
24 years$2,714$2,094$1,596$1,205$901$331
25 years$2,578$1,965$1,479$1,100$811$283
26 years$2,453$1,847$1,371$1,006$730$242
27 years$2,336$1,738$1,273$921$658$207
28 years$2,229$1,638$1,184$844$594$177
29 years$2,129$1,545$1,102$774$537$152
30 years$2,036$1,459$1,026$710$485$130
31 years$1,949$1,380$957$652$438$111
32 years$1,867$1,305$893$599$396$95
33 years$1,791$1,236$833$551$359$82
34 years$1,719$1,172$779$507$325$70
35 years$1,652$1,111$728$467$294$60
36 years$1,588$1,055$681$430$267$51
37 years$1,528$1,002$637$396$242$44
38 years$1,472$952$597$365$219$38
39 years$1,418$905$559$337$199$32
40 years$1,367$861$524$310$180$28
41 years$1,319$820$492$286$163$24
42 years$1,273$781$461$264$148$20
43 years$1,230$744$433$244$135$17
44 years$1,188$709$406$225$122$15
45 years$1,149$676$381$208$111$13
46 years$1,111$645$358$192$101$11
47 years$1,075$616$336$178$91$9
48 years$1,041$588$316$164$83$8
49 years$1,008$561$297$152$75$7
50 years$976$536$279$140$69$6

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 $5,127 every year, while hoping to spend $43,325 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: 79/5/16 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,107,289$1,054,289$1,038,789$1,190,587
46$1,174,134$1,059,851$1,027,490$1,251,748
47$1,246,347$1,064,234$1,014,362$1,312,801
48$1,324,427$1,067,334$999,296$1,378,580
49$1,408,926$1,069,042$982,180$1,449,539
50$1,500,450$1,069,239$962,897$1,526,181
51$1,599,666$1,067,801$941,324$1,609,059
52$1,707,307$1,064,598$917,333$1,698,783
53$1,824,178$1,059,489$890,789$1,796,026
54$1,951,165$1,052,325$861,552$1,901,528
55$2,089,244$1,042,949$829,474$2,016,105
56$2,239,488$1,031,195$794,402$2,140,658
57$2,403,076$1,016,884$756,175$2,276,178
58$2,581,308$999,829$714,625$2,423,758
59$2,775,613$979,833$669,577$2,584,605
60$2,987,564$956,683$620,846$2,760,044
61$3,218,892$930,157$568,241$2,951,542
62$3,471,504$900,019$511,561$3,160,712
63$3,747,496$866,019$450,598$3,389,332
64$4,049,180$827,894$385,132$3,639,365
65$4,379,098$785,362$314,936$3,912,971
66$4,740,051$738,129$239,770$4,212,533
67$5,135,120$685,881$159,387$4,540,678
68$5,567,701$628,288$73,525$4,900,302
69$6,041,532$565,000$0$5,294,596
70$6,560,731$495,648$0$5,730,169
71$7,129,832$419,841$0$6,221,406
72$7,753,828$337,166$0$6,760,065
73$8,438,219$247,188$0$7,350,913
74$9,189,064$149,447$0$7,999,198
75$10,013,034$43,455$0$8,710,704
76$10,917,480$0$0$9,491,803
77$11,910,497$0$0$10,353,437
78$13,001,004$0$0$11,302,319
79$14,198,826$0$0$12,344,612
80$15,514,784$0$0$13,489,736
81$16,960,803$0$0$14,748,071
82$18,550,015$0$0$16,131,051
83$20,296,893$0$0$17,651,274
84$22,217,377$0$0$19,322,617
85$24,329,032$0$0$21,160,371
86$26,651,209$0$0$23,181,382
87$29,205,227$0$0$25,404,209
88$32,014,576$0$0$27,849,302
89$35,105,137$0$0$30,539,192
90$38,505,425$0$0$33,498,701
91$42,246,859$0$0$36,755,183
92$46,364,056$0$0$40,338,774
93$50,895,160$0$0$44,282,679
94$55,882,198$0$0$48,623,488
95$61,371,480$0$0$53,401,514
96$67,414,032$0$0$58,661,179
97$74,066,077$0$0$64,451,431
98$81,389,569$0$0$70,826,203
99$89,452,774$0$0$77,844,925
100$98,330,911$0$0$85,573,081