Can I retire at age 45 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$87,534$86,754$85,993$85,251$84,526$81,269
2 years$43,334$42,527$41,744$40,986$40,250$37,008
3 years$28,602$27,792$27,011$26,260$25,537$22,410
4 years$21,238$20,430$19,657$18,919$18,213$15,227
5 years$16,820$16,017$15,255$14,532$13,845$11,007
6 years$13,876$13,079$12,328$11,621$10,955$8,267
7 years$11,774$10,984$10,245$9,554$8,909$6,370
8 years$10,199$9,415$8,688$8,015$7,391$4,999
9 years$8,974$8,198$7,483$6,827$6,225$3,975
10 years$7,994$7,226$6,524$5,885$5,304$3,193
11 years$7,193$6,433$5,744$5,122$4,561$2,585
12 years$6,526$5,774$5,097$4,492$3,953$2,105
13 years$5,963$5,218$4,554$3,966$3,447$1,723
14 years$5,480$4,743$4,092$3,521$3,021$1,416
15 years$5,062$4,333$3,695$3,140$2,660$1,167
16 years$4,696$3,975$3,350$2,811$2,351$964
17 years$4,374$3,661$3,048$2,526$2,085$798
18 years$4,088$3,383$2,782$2,276$1,854$662
19 years$3,832$3,135$2,547$2,057$1,652$550
20 years$3,603$2,913$2,338$1,863$1,476$457
21 years$3,395$2,714$2,150$1,691$1,321$380
22 years$3,206$2,533$1,982$1,537$1,184$317
23 years$3,035$2,369$1,830$1,400$1,063$264
24 years$2,877$2,220$1,692$1,277$955$220
25 years$2,733$2,083$1,567$1,166$859$184
26 years$2,600$1,958$1,454$1,066$774$153
27 years$2,477$1,843$1,350$976$698$128
28 years$2,363$1,736$1,255$894$630$107
29 years$2,256$1,638$1,168$820$569$89
30 years$2,158$1,547$1,088$753$514$75
31 years$2,065$1,462$1,014$691$465$62
32 years$1,979$1,384$946$635$420$52
33 years$1,898$1,310$883$584$380$43
34 years$1,822$1,242$825$537$344$36
35 years$1,751$1,178$772$495$312$30
36 years$1,684$1,118$722$456$283$25
37 years$1,620$1,062$676$420$256$21
38 years$1,560$1,009$633$387$232$18
39 years$1,503$960$593$357$211$15
40 years$1,449$913$556$329$191$12
41 years$1,398$869$521$304$173$10
42 years$1,350$828$489$280$157$9
43 years$1,303$789$459$259$143$7
44 years$1,259$752$430$239$130$6
45 years$1,218$717$404$221$118$5
46 years$1,178$684$380$204$107$4
47 years$1,140$653$357$188$97$4
48 years$1,103$623$335$174$88$3
49 years$1,068$595$315$161$80$2
50 years$1,035$568$296$149$73$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,060,000, adding $2,545 every year, while hoping to spend $52,386 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: 64/17/19 Blend
44$1,060,000$1,060,000$1,060,000$1,060,000
45$1,170,745$1,114,565$1,098,135$1,239,889
46$1,234,423$1,113,441$1,079,184$1,285,545
47$1,302,840$1,110,505$1,057,843$1,329,225
48$1,376,425$1,105,615$1,033,976$1,375,709
49$1,455,647$1,098,617$1,007,441$1,425,273
50$1,541,022$1,089,349$978,090$1,478,225
51$1,633,119$1,077,639$945,768$1,534,902
52$1,732,559$1,063,305$910,313$1,595,681
53$1,840,027$1,046,154$871,555$1,660,976
54$1,956,275$1,025,981$829,318$1,731,247
55$2,082,131$1,002,570$783,416$1,807,002
56$2,218,502$975,690$733,654$1,888,803
57$2,366,390$945,099$679,832$1,977,272
58$2,526,892$910,539$621,737$2,073,098
59$2,701,218$871,739$559,148$2,177,041
60$2,890,698$828,410$491,835$2,289,942
61$3,096,794$780,247$419,557$2,412,733
62$3,321,116$726,928$342,061$2,546,441
63$3,565,436$668,113$259,086$2,692,203
64$3,831,701$603,442$170,356$2,851,276
65$4,122,057$532,533$75,586$3,025,049
66$4,438,864$454,984$0$3,215,056
67$4,784,721$370,371$0$3,428,173
68$5,162,488$278,244$0$3,677,784
69$5,575,313$178,130$0$3,950,683
70$6,026,663$69,526$0$4,249,227
71$6,520,355$0$0$4,576,013
72$7,060,591$0$0$4,942,901
73$7,651,999$0$0$5,358,850
74$8,299,674$0$0$5,814,447
75$9,009,228$0$0$6,313,648
76$9,786,841$0$0$6,860,811
77$10,639,318$0$0$7,460,734
78$11,574,156$0$0$8,118,703
79$12,599,610$0$0$8,840,539
80$13,724,775$0$0$9,632,655
81$14,959,666$0$0$10,502,114
82$16,315,319$0$0$11,456,697
83$17,803,885$0$0$12,504,972
84$19,438,753$0$0$13,656,382
85$21,234,673$0$0$14,921,327
86$23,207,892$0$0$16,311,264
87$25,376,308$0$0$17,838,815
88$27,759,640$0$0$19,517,886
89$30,379,613$0$0$21,363,798
90$33,260,162$0$0$23,393,427
91$36,427,653$0$0$25,625,370
92$39,911,140$0$0$28,080,114
93$43,742,630$0$0$30,780,233
94$47,957,390$0$0$33,750,596
95$52,594,275$0$0$37,018,605
96$57,696,097$0$0$40,614,453
97$63,310,027$0$0$44,571,406
98$69,488,039$0$0$48,926,117
99$76,287,401$0$0$53,718,975
100$83,771,212$0$0$58,994,480