Can I retire at age 45 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$83,405$82,662$81,937$81,230$80,539$78,464
2 years$41,290$40,521$39,775$39,053$38,352$36,276
3 years$27,253$26,481$25,737$25,021$24,332$22,319
4 years$20,236$19,466$18,730$18,027$17,354$15,420
5 years$16,027$15,262$14,535$13,846$13,192$11,342
6 years$13,222$12,462$11,747$11,073$10,438$8,674
7 years$11,219$10,466$9,762$9,104$8,489$6,811
8 years$9,717$8,971$8,279$7,637$7,043$5,450
9 years$8,550$7,811$7,130$6,505$5,931$4,422
10 years$7,617$6,885$6,216$5,607$5,053$3,626
11 years$6,854$6,129$5,473$4,880$4,346$2,999
12 years$6,219$5,501$4,857$4,280$3,766$2,497
13 years$5,681$4,972$4,339$3,779$3,284$2,090
14 years$5,221$4,519$3,899$3,355$2,879$1,756
15 years$4,823$4,128$3,520$2,992$2,535$1,482
16 years$4,475$3,788$3,192$2,679$2,240$1,254
17 years$4,168$3,488$2,904$2,407$1,986$1,063
18 years$3,895$3,223$2,651$2,169$1,766$904
19 years$3,652$2,987$2,427$1,960$1,574$770
20 years$3,433$2,776$2,227$1,775$1,406$656
21 years$3,235$2,586$2,049$1,611$1,258$560
22 years$3,055$2,414$1,888$1,465$1,128$479
23 years$2,891$2,257$1,743$1,334$1,013$409
24 years$2,742$2,115$1,612$1,217$910$351
25 years$2,604$1,985$1,493$1,111$819$300
26 years$2,477$1,865$1,385$1,016$738$257
27 years$2,360$1,756$1,286$930$665$221
28 years$2,251$1,654$1,196$852$600$189
29 years$2,150$1,561$1,113$781$542$162
30 years$2,056$1,474$1,036$717$490$139
31 years$1,968$1,393$966$659$443$120
32 years$1,886$1,318$901$605$400$103
33 years$1,809$1,248$842$557$362$88
34 years$1,736$1,183$786$512$328$76
35 years$1,668$1,122$735$471$297$65
36 years$1,604$1,065$688$434$269$56
37 years$1,544$1,012$644$400$244$48
38 years$1,486$962$603$369$221$41
39 years$1,432$914$565$340$201$36
40 years$1,381$870$529$314$182$31
41 years$1,332$828$496$289$165$26
42 years$1,286$789$466$267$150$23
43 years$1,242$751$437$246$136$19
44 years$1,200$716$410$228$123$17
45 years$1,160$683$385$210$112$14
46 years$1,122$652$362$194$102$12
47 years$1,086$622$340$179$92$11
48 years$1,051$594$319$166$84$9
49 years$1,018$567$300$153$76$8
50 years$986$541$282$142$69$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,010,000, adding $2,396 every year, while hoping to spend $32,684 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: 51/31/18 Blend
44$1,010,000$1,010,000$1,010,000$1,010,000
45$1,115,491$1,061,961$1,046,306$1,166,731
46$1,194,496$1,079,222$1,046,582$1,219,526
47$1,280,464$1,096,233$1,045,772$1,273,302
48$1,374,070$1,112,948$1,043,804$1,331,063
49$1,476,059$1,129,316$1,040,605$1,393,196
50$1,587,248$1,145,283$1,036,097$1,460,128
51$1,708,539$1,160,793$1,030,197$1,532,333
52$1,840,922$1,175,784$1,022,821$1,610,331
53$1,985,488$1,190,190$1,013,878$1,694,698
54$2,143,440$1,203,941$1,003,275$1,786,069
55$2,316,098$1,216,962$990,912$1,885,144
56$2,504,920$1,229,173$976,687$1,992,696
57$2,711,507$1,240,488$960,492$2,109,578
58$2,937,626$1,250,817$942,213$2,236,733
59$3,185,220$1,260,062$921,733$2,375,199
60$3,456,428$1,268,122$898,927$2,526,122
61$3,753,609$1,274,885$873,667$2,690,767
62$4,079,358$1,280,235$845,815$2,870,531
63$4,436,534$1,284,048$815,232$3,066,953
64$4,828,287$1,286,192$781,768$3,281,734
65$5,258,083$1,286,527$745,268$3,516,747
66$5,729,744$1,284,904$705,571$3,774,062
67$6,247,478$1,281,164$662,508$4,055,961
68$6,815,919$1,275,139$615,900$4,364,961
69$7,440,175$1,266,653$565,565$4,703,839
70$8,125,868$1,255,515$511,307$5,075,661
71$8,879,197$1,241,525$452,926$5,483,806
72$9,706,986$1,224,471$390,210$5,932,002
73$10,616,757$1,204,128$322,940$6,424,361
74$11,616,793$1,180,257$250,886$6,965,420
75$12,716,223$1,152,607$173,807$7,560,182
76$13,925,102$1,120,908$91,454$8,214,165
77$15,254,508$1,084,879$3,564$8,933,455
78$16,716,650$1,044,220$0$9,724,765
79$18,324,974$998,613$0$10,612,826
80$20,094,299$947,722$0$11,590,329
81$22,040,951$891,194$0$12,665,649
82$24,182,918$828,652$0$13,848,773
83$26,540,019$759,701$0$15,150,712
84$29,134,095$683,919$0$16,583,601
85$31,989,206$600,865$0$18,160,821
86$35,131,866$510,069$0$19,897,119
87$38,591,291$411,036$0$21,808,753
88$42,399,670$303,244$0$23,913,645
89$46,592,474$186,141$0$26,231,549
90$51,208,787$59,142$0$28,784,242
91$56,291,676$0$0$31,595,727
92$61,888,597$0$0$34,719,197
93$68,051,842$0$0$38,181,065
94$74,839,031$0$0$41,993,541
95$82,313,661$0$0$46,192,306
96$90,545,695$0$0$50,816,681
97$99,612,232$0$0$55,909,994
98$109,598,229$0$0$61,519,990
99$120,597,302$0$0$67,699,283
100$132,712,612$0$0$74,505,847