Can I retire at age 45 with 1,070,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$88,360$87,573$86,805$86,055$85,323$84,679
2 years$43,742$42,928$42,138$41,373$40,630$39,981
3 years$28,872$28,054$27,266$26,508$25,777$25,143
4 years$21,438$20,622$19,843$19,097$18,385$17,770
5 years$16,979$16,168$15,399$14,669$13,976$13,382
6 years$14,007$13,203$12,445$11,731$11,059$10,487
7 years$11,885$11,088$10,341$9,644$8,994$8,445
8 years$10,295$9,504$8,770$8,090$7,461$6,935
9 years$9,058$8,275$7,554$6,891$6,283$5,780
10 years$8,070$7,294$6,586$5,940$5,354$4,872
11 years$7,261$6,493$5,798$5,170$4,604$4,145
12 years$6,588$5,828$5,146$4,535$3,990$3,552
13 years$6,019$5,267$4,597$4,003$3,479$3,062
14 years$5,531$4,788$4,131$3,554$3,050$2,653
15 years$5,109$4,373$3,729$3,169$2,685$2,308
16 years$4,741$4,013$3,381$2,838$2,373$2,016
17 years$4,415$3,695$3,077$2,550$2,104$1,765
18 years$4,127$3,415$2,809$2,298$1,871$1,550
19 years$3,869$3,165$2,571$2,076$1,668$1,364
20 years$3,637$2,941$2,360$1,880$1,490$1,203
21 years$3,427$2,739$2,171$1,707$1,333$1,062
22 years$3,237$2,557$2,000$1,552$1,195$940
23 years$3,063$2,392$1,847$1,413$1,073$832
24 years$2,904$2,241$1,708$1,289$964$738
25 years$2,759$2,103$1,582$1,177$868$655
26 years$2,624$1,976$1,467$1,076$781$582
27 years$2,500$1,860$1,363$985$705$517
28 years$2,385$1,753$1,267$903$636$460
29 years$2,278$1,653$1,179$828$574$410
30 years$2,178$1,561$1,098$760$519$365
31 years$2,085$1,476$1,024$698$469$325
32 years$1,998$1,397$955$641$424$290
33 years$1,916$1,323$892$590$384$258
34 years$1,840$1,254$833$543$348$230
35 years$1,767$1,189$779$499$315$206
36 years$1,699$1,129$729$460$285$184
37 years$1,635$1,072$682$424$259$164
38 years$1,575$1,019$639$391$234$146
39 years$1,517$969$598$360$213$131
40 years$1,463$922$561$332$193$117
41 years$1,411$877$526$306$175$104
42 years$1,362$835$493$283$159$93
43 years$1,316$796$463$261$144$83
44 years$1,271$759$435$241$131$74
45 years$1,229$724$408$223$119$66
46 years$1,189$690$383$206$108$59
47 years$1,150$659$360$190$98$53
48 years$1,113$629$338$176$89$47
49 years$1,078$600$318$162$81$42
50 years$1,045$574$299$150$73$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,070,000, adding $5,185 every year, while hoping to spend $46,664 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: 63/23/14 Blend
44$1,070,000$1,070,000$1,070,000$1,070,000
45$1,184,488$1,127,778$1,111,193$1,254,791
46$1,255,656$1,133,389$1,098,768$1,308,168
47$1,332,519$1,137,711$1,084,363$1,360,615
48$1,415,608$1,140,632$1,067,862$1,416,747
49$1,505,509$1,142,031$1,049,144$1,476,924
50$1,602,863$1,141,783$1,028,082$1,541,544
51$1,708,377$1,139,752$1,004,544$1,611,044
52$1,822,826$1,135,795$978,392$1,685,910
53$1,947,066$1,129,760$949,479$1,766,676
54$2,082,035$1,121,487$917,655$1,853,935
55$2,228,766$1,110,803$882,760$1,948,339
56$2,388,397$1,097,529$844,629$2,050,610
57$2,562,177$1,081,471$803,088$2,161,544
58$2,751,482$1,062,427$757,955$2,282,023
59$2,957,828$1,040,181$709,041$2,413,018
60$3,182,880$1,014,504$656,148$2,555,602
61$3,428,474$985,154$599,068$2,710,962
62$3,696,627$951,876$537,586$2,880,405
63$3,989,564$914,398$471,476$3,065,377
64$4,309,730$872,434$400,501$3,267,474
65$4,659,820$825,681$324,415$3,488,458
66$5,042,799$773,817$242,961$3,730,273
67$5,461,935$716,504$155,870$3,995,066
68$5,920,822$653,383$62,862$4,285,207
69$6,423,422$584,075$0$4,603,312
70$6,974,095$508,178$0$4,957,705
71$7,577,645$425,271$0$5,356,511
72$8,239,361$334,905$0$5,793,892
73$8,965,069$236,609$0$6,273,780
74$9,761,185$129,882$0$6,800,509
75$10,634,779$14,199$0$7,378,859
76$11,593,635$0$0$8,014,100
77$12,646,328$0$0$8,740,137
78$13,802,306$0$0$9,541,436
79$15,071,974$0$0$10,421,625
80$16,466,795$0$0$11,388,663
81$17,999,400$0$0$12,451,317
82$19,683,699$0$0$13,619,242
83$21,535,020$0$0$14,903,080
84$23,570,248$0$0$16,314,551
85$25,807,988$0$0$17,866,571
86$28,268,735$0$0$19,573,366
87$30,975,070$0$0$21,450,613
88$33,951,873$0$0$23,515,583
89$37,226,557$0$0$25,787,306
90$40,829,324$0$0$28,286,748
91$44,793,451$0$0$31,037,012
92$49,155,605$0$0$34,063,550
93$53,956,185$0$0$37,394,409
94$59,239,705$0$0$41,060,492
95$65,055,214$0$0$45,095,848
96$71,456,757$0$0$49,537,997
97$78,503,882$0$0$54,428,280
98$86,262,209$0$0$59,812,251
99$94,804,039$0$0$65,740,103
100$104,209,043$0$0$72,267,147