Can I retire at age 45 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$90,011$89,209$88,427$87,664$86,918$85,975
2 years$44,560$43,730$42,926$42,146$41,390$40,440
3 years$29,412$28,578$27,776$27,003$26,259$25,332
4 years$21,839$21,008$20,214$19,454$18,728$17,832
5 years$17,296$16,470$15,687$14,943$14,237$13,373
6 years$14,269$13,449$12,677$11,950$11,265$10,435
7 years$12,108$11,295$10,535$9,825$9,162$8,366
8 years$10,487$9,682$8,934$8,242$7,600$6,839
9 years$9,228$8,430$7,695$7,020$6,401$5,673
10 years$8,220$7,430$6,709$6,051$5,454$4,759
11 years$7,397$6,615$5,906$5,267$4,690$4,028
12 years$6,711$5,937$5,242$4,619$4,065$3,435
13 years$6,131$5,365$4,683$4,078$3,544$2,946
14 years$5,635$4,877$4,208$3,620$3,107$2,539
15 years$5,205$4,455$3,799$3,229$2,736$2,197
16 years$4,829$4,088$3,444$2,891$2,418$1,908
17 years$4,498$3,765$3,134$2,597$2,144$1,662
18 years$4,204$3,479$2,861$2,341$1,906$1,451
19 years$3,941$3,224$2,619$2,115$1,699$1,270
20 years$3,705$2,996$2,404$1,916$1,518$1,113
21 years$3,491$2,790$2,211$1,739$1,358$977
22 years$3,297$2,605$2,038$1,581$1,217$859
23 years$3,121$2,436$1,882$1,440$1,093$756
24 years$2,959$2,283$1,740$1,313$982$666
25 years$2,810$2,142$1,612$1,199$884$588
26 years$2,673$2,013$1,495$1,096$796$519
27 years$2,547$1,895$1,388$1,004$718$458
28 years$2,429$1,785$1,290$919$648$405
29 years$2,320$1,684$1,201$843$585$358
30 years$2,219$1,591$1,119$774$528$317
31 years$2,124$1,504$1,043$711$478$281
32 years$2,035$1,423$973$653$432$249
33 years$1,952$1,347$908$601$391$220
34 years$1,874$1,277$849$553$354$195
35 years$1,800$1,211$794$509$321$173
36 years$1,731$1,150$742$469$291$153
37 years$1,666$1,092$695$432$263$136
38 years$1,604$1,038$651$398$239$121
39 years$1,546$987$610$367$217$107
40 years$1,490$939$571$338$196$95
41 years$1,438$894$536$312$178$84
42 years$1,388$851$503$288$162$75
43 years$1,340$811$472$266$147$66
44 years$1,295$773$443$246$133$59
45 years$1,252$737$416$227$121$52
46 years$1,211$703$390$210$110$46
47 years$1,172$671$367$194$100$41
48 years$1,134$641$345$179$91$37
49 years$1,098$612$324$165$82$32
50 years$1,064$584$305$153$75$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,090,000, adding $2,974 every year, while hoping to spend $38,745 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: 25/49/26 Blend
44$1,090,000$1,090,000$1,090,000$1,090,000
45$1,204,248$1,146,478$1,129,583$1,224,423
46$1,285,857$1,161,431$1,126,199$1,256,262
47$1,374,491$1,175,818$1,121,404$1,286,863
48$1,470,827$1,189,571$1,115,109$1,318,858
49$1,575,607$1,202,615$1,107,221$1,352,391
50$1,689,650$1,214,874$1,097,643$1,387,621
51$1,813,854$1,226,264$1,086,275$1,424,724
52$1,949,212$1,236,695$1,073,009$1,463,901
53$2,096,811$1,246,073$1,057,735$1,505,372
54$2,257,853$1,254,297$1,040,336$1,549,385
55$2,433,656$1,261,260$1,020,690$1,596,215
56$2,625,675$1,266,848$998,669$1,646,171
57$2,835,509$1,270,938$974,139$1,699,595
58$3,064,919$1,273,403$946,961$1,756,867
59$3,315,845$1,274,104$916,989$1,818,414
60$3,590,423$1,272,896$884,069$1,884,706
61$3,891,002$1,269,624$848,042$1,956,270
62$4,220,173$1,264,124$808,740$2,033,689
63$4,580,786$1,256,222$765,988$2,117,612
64$4,975,982$1,245,733$719,604$2,208,761
65$5,409,218$1,232,460$669,397$2,307,937
66$5,884,304$1,216,196$615,167$2,416,027
67$6,405,434$1,196,720$556,706$2,534,019
68$6,977,228$1,173,799$493,796$2,663,007
69$7,604,776$1,147,186$426,209$2,804,206
70$8,293,684$1,116,619$353,708$2,958,960
71$9,050,127$1,081,821$276,044$3,128,764
72$9,880,908$1,042,498$192,959$3,315,270
73$10,793,519$998,339$104,182$3,520,311
74$11,796,217$949,017$9,432$3,745,916
75$12,898,096$894,183$0$3,994,334
76$14,109,174$833,470$0$4,293,487
77$15,440,490$766,490$0$4,625,143
78$16,904,203$692,831$0$4,989,820
79$18,513,712$612,060$0$5,390,985
80$20,283,777$523,718$0$5,832,469
81$22,230,661$427,319$0$6,318,501
82$24,372,282$322,351$0$6,853,754
83$26,728,383$208,275$0$7,443,388
84$29,320,715$84,517$0$8,093,102
85$32,173,245$0$0$8,809,187
86$35,312,380$0$0$9,625,294
87$38,767,218$0$0$10,573,848
88$42,569,817$0$0$11,618,109
89$46,755,504$0$0$12,767,805
90$51,363,204$0$0$14,033,656
91$56,435,806$0$0$15,427,476
92$62,020,571$0$0$16,962,280
93$68,169,574$0$0$18,652,412
94$74,940,196$0$0$20,513,677
95$82,395,667$0$0$22,563,490
96$90,605,662$0$0$24,821,043
97$99,646,953$0$0$27,307,483
98$109,604,140$0$0$30,046,113
99$120,570,446$0$0$33,062,611
100$132,648,596$0$0$36,385,273