Can I retire at age 45 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$84,231$83,480$82,748$82,034$81,336$80,655
2 years$41,698$40,922$40,169$39,439$38,732$38,045
3 years$27,523$26,743$25,992$25,269$24,573$23,902
4 years$20,436$19,659$18,916$18,205$17,526$16,876
5 years$16,186$15,413$14,679$13,983$13,323$12,696
6 years$13,353$12,586$11,863$11,182$10,542$9,939
7 years$11,330$10,569$9,858$9,194$8,573$7,994
8 years$9,814$9,060$8,361$7,712$7,112$6,557
9 years$8,635$7,888$7,201$6,569$5,990$5,459
10 years$7,692$6,953$6,278$5,663$5,103$4,596
11 years$6,922$6,190$5,527$4,928$4,389$3,905
12 years$6,280$5,556$4,905$4,323$3,804$3,342
13 years$5,738$5,021$4,382$3,816$3,317$2,878
14 years$5,273$4,564$3,938$3,388$2,907$2,490
15 years$4,871$4,169$3,555$3,021$2,560$2,164
16 years$4,519$3,825$3,223$2,705$2,262$1,887
17 years$4,209$3,523$2,933$2,431$2,006$1,650
18 years$3,934$3,255$2,677$2,190$1,784$1,447
19 years$3,688$3,017$2,451$1,979$1,590$1,271
20 years$3,467$2,803$2,249$1,793$1,420$1,119
21 years$3,267$2,611$2,069$1,627$1,271$987
22 years$3,085$2,438$1,907$1,479$1,139$872
23 years$2,920$2,280$1,761$1,347$1,023$771
24 years$2,769$2,136$1,628$1,229$919$683
25 years$2,630$2,005$1,508$1,122$827$605
26 years$2,502$1,884$1,399$1,026$745$537
27 years$2,383$1,773$1,299$939$672$476
28 years$2,273$1,671$1,208$860$606$423
29 years$2,171$1,576$1,124$789$547$376
30 years$2,076$1,488$1,047$724$494$334
31 years$1,988$1,407$976$665$447$297
32 years$1,905$1,331$910$611$404$265
33 years$1,827$1,261$850$562$366$236
34 years$1,754$1,195$794$517$331$210
35 years$1,685$1,133$743$476$300$187
36 years$1,620$1,076$695$438$272$166
37 years$1,559$1,022$650$404$246$148
38 years$1,501$971$609$372$223$132
39 years$1,446$923$570$343$203$118
40 years$1,395$879$535$317$184$105
41 years$1,345$836$501$292$167$94
42 years$1,299$796$470$270$151$84
43 years$1,254$759$441$249$137$75
44 years$1,212$723$414$230$125$67
45 years$1,172$690$389$212$113$59
46 years$1,133$658$365$196$103$53
47 years$1,097$628$343$181$93$47
48 years$1,061$599$323$167$85$42
49 years$1,028$572$303$155$77$38
50 years$996$547$285$143$70$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,020,000, adding $5,908 every year, while hoping to spend $23,025 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: 68/20/12 Blend
44$1,020,000$1,020,000$1,020,000$1,020,000
45$1,130,134$1,076,074$1,060,264$1,203,625
46$1,220,909$1,104,303$1,071,285$1,281,482
47$1,320,172$1,133,144$1,081,902$1,363,297
48$1,428,763$1,162,602$1,092,080$1,452,180
49$1,547,610$1,192,682$1,101,778$1,548,821
50$1,677,732$1,223,390$1,110,953$1,653,980
51$1,820,253$1,254,728$1,119,562$1,768,494
52$1,976,410$1,286,701$1,127,558$1,893,287
53$2,147,565$1,319,310$1,134,893$2,029,372
54$2,335,220$1,352,559$1,141,515$2,177,869
55$2,541,026$1,386,448$1,147,369$2,340,011
56$2,766,804$1,420,978$1,152,400$2,517,153
57$3,014,559$1,456,147$1,156,546$2,710,791
58$3,286,500$1,491,954$1,159,746$2,922,572
59$3,585,059$1,528,396$1,161,934$3,154,310
60$3,912,916$1,565,469$1,163,040$3,408,004
61$4,273,024$1,603,167$1,162,992$3,685,857
62$4,668,633$1,641,483$1,161,713$3,990,293
63$5,103,327$1,680,409$1,159,124$4,323,986
64$5,581,053$1,719,935$1,155,141$4,689,882
65$6,106,158$1,760,050$1,149,676$5,091,225
66$6,683,432$1,800,739$1,142,636$5,531,591
67$7,318,154$1,841,986$1,133,926$6,014,919
68$8,016,137$1,883,775$1,123,444$6,545,550
69$8,783,788$1,926,084$1,111,084$7,128,267
70$9,628,164$1,968,892$1,096,735$7,768,341
71$10,557,042$2,012,173$1,080,281$8,471,580
72$11,578,989$2,055,899$1,061,600$9,244,383
73$12,703,448$2,100,039$1,040,564$10,093,802
74$13,940,817$2,144,560$1,017,042$11,027,609
75$15,302,560$2,189,422$990,892$12,054,367
76$16,801,304$2,234,586$961,969$13,183,511
77$18,450,962$2,280,007$930,121$14,425,442
78$20,266,868$2,325,634$895,187$15,791,617
79$22,265,914$2,371,416$857,001$17,294,664
80$24,466,715$2,417,293$815,389$18,948,499
81$26,889,782$2,463,203$770,167$20,768,457
82$29,557,718$2,509,078$721,145$22,771,436
83$32,495,426$2,554,844$668,124$24,976,059
84$35,730,349$2,600,421$610,896$27,402,848
85$39,292,727$2,645,724$549,243$30,074,418
86$43,215,880$2,690,659$482,938$33,015,692
87$47,536,527$2,735,129$411,744$36,254,134
88$52,295,128$2,779,025$335,412$39,820,011
89$57,536,267$2,822,233$253,685$43,746,676
90$63,309,074$2,864,630$166,291$48,070,886
91$69,667,686$2,906,084$72,948$52,833,148
92$76,671,761$2,946,453$0$58,078,100
93$84,387,038$2,985,587$0$63,858,349
94$92,885,958$3,023,323$0$70,234,881
95$102,248,348$3,059,488$0$77,258,130
96$112,562,175$3,093,898$0$84,993,974
97$123,924,374$3,126,356$0$93,515,013
98$136,441,764$3,156,651$0$102,901,247
99$150,232,057$3,184,560$0$113,240,837
100$165,424,966$3,209,843$0$124,630,937