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

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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$88,360$87,573$86,805$86,055$85,323$84,608
2 years$43,742$42,928$42,138$41,373$40,630$39,910
3 years$28,872$28,054$27,266$26,508$25,777$25,074
4 years$21,438$20,622$19,843$19,097$18,385$17,703
5 years$16,979$16,168$15,399$14,669$13,976$13,318
6 years$14,007$13,203$12,445$11,731$11,059$10,426
7 years$11,885$11,088$10,341$9,644$8,994$8,386
8 years$10,295$9,504$8,770$8,090$7,461$6,879
9 years$9,058$8,275$7,554$6,891$6,283$5,726
10 years$8,070$7,294$6,586$5,940$5,354$4,821
11 years$7,261$6,493$5,798$5,170$4,604$4,096
12 years$6,588$5,828$5,146$4,535$3,990$3,506
13 years$6,019$5,267$4,597$4,003$3,479$3,019
14 years$5,531$4,788$4,131$3,554$3,050$2,612
15 years$5,109$4,373$3,729$3,169$2,685$2,270
16 years$4,741$4,013$3,381$2,838$2,373$1,979
17 years$4,415$3,695$3,077$2,550$2,104$1,731
18 years$4,127$3,415$2,809$2,298$1,871$1,518
19 years$3,869$3,165$2,571$2,076$1,668$1,334
20 years$3,637$2,941$2,360$1,880$1,490$1,174
21 years$3,427$2,739$2,171$1,707$1,333$1,036
22 years$3,237$2,557$2,000$1,552$1,195$915
23 years$3,063$2,392$1,847$1,413$1,073$809
24 years$2,904$2,241$1,708$1,289$964$716
25 years$2,759$2,103$1,582$1,177$868$635
26 years$2,624$1,976$1,467$1,076$781$563
27 years$2,500$1,860$1,363$985$705$500
28 years$2,385$1,753$1,267$903$636$444
29 years$2,278$1,653$1,179$828$574$394
30 years$2,178$1,561$1,098$760$519$351
31 years$2,085$1,476$1,024$698$469$312
32 years$1,998$1,397$955$641$424$278
33 years$1,916$1,323$892$590$384$247
34 years$1,840$1,254$833$543$348$220
35 years$1,767$1,189$779$499$315$196
36 years$1,699$1,129$729$460$285$175
37 years$1,635$1,072$682$424$259$156
38 years$1,575$1,019$639$391$234$139
39 years$1,517$969$598$360$213$124
40 years$1,463$922$561$332$193$110
41 years$1,411$877$526$306$175$98
42 years$1,362$835$493$283$159$88
43 years$1,316$796$463$261$144$78
44 years$1,271$759$435$241$131$70
45 years$1,229$724$408$223$119$62
46 years$1,189$690$383$206$108$56
47 years$1,150$659$360$190$98$50
48 years$1,113$629$338$176$89$44
49 years$1,078$600$318$162$81$40
50 years$1,045$574$299$150$73$35

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 $3,439 every year, while hoping to spend $34,716 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: 56/22/22 Blend
44$1,070,000$1,070,000$1,070,000$1,070,000
45$1,182,687$1,125,977$1,109,392$1,241,689
46$1,266,384$1,144,213$1,109,619$1,300,647
47$1,357,454$1,162,178$1,108,691$1,360,870
48$1,456,613$1,179,823$1,106,530$1,425,735
49$1,564,648$1,197,096$1,103,060$1,495,696
50$1,682,426$1,213,937$1,098,196$1,571,256
51$1,810,900$1,230,286$1,091,852$1,652,969
52$1,951,120$1,246,078$1,083,937$1,741,449
53$2,104,240$1,261,242$1,074,355$1,837,369
54$2,271,534$1,275,704$1,063,007$1,941,475
55$2,454,399$1,289,383$1,049,787$2,054,588
56$2,654,379$1,302,194$1,034,586$2,177,616
57$2,873,171$1,314,046$1,017,290$2,311,559
58$3,112,642$1,324,843$997,777$2,457,520
59$3,374,852$1,334,480$975,923$2,616,716
60$3,662,066$1,342,848$951,595$2,790,492
61$3,976,779$1,349,830$924,656$2,980,330
62$4,321,740$1,355,302$894,961$3,187,863
63$4,699,976$1,359,130$862,361$3,414,895
64$5,114,821$1,361,175$826,698$3,663,415
65$5,569,946$1,361,286$787,806$3,935,618
66$6,069,397$1,359,306$745,514$4,233,924
67$6,617,629$1,355,065$699,641$4,561,003
68$7,219,548$1,348,384$650,001$4,919,799
69$7,880,561$1,339,074$596,395$5,313,560
70$8,606,623$1,326,933$538,619$5,745,868
71$9,404,295$1,311,749$476,458$6,220,673
72$10,280,802$1,293,293$409,688$6,742,333
73$11,244,106$1,271,328$338,076$7,315,652
74$12,302,980$1,245,598$261,376$7,945,929
75$13,467,086$1,215,834$179,335$8,639,008
76$14,747,071$1,181,752$91,684$9,401,333
77$16,154,664$1,143,049$0$10,240,010
78$17,702,788$1,099,407$0$11,163,309
79$19,405,682$1,050,488$0$12,202,432
80$21,279,033$995,933$0$13,345,432
81$23,340,126$935,366$0$14,602,888
82$25,608,006$868,385$0$15,986,460
83$28,103,656$794,569$0$17,508,999
84$30,850,196$713,471$0$19,184,671
85$33,873,102$624,617$0$21,029,086
86$37,200,445$527,510$0$23,059,452
87$40,863,154$421,621$0$25,294,734
88$44,895,309$306,394$0$27,755,834
89$49,334,464$181,241$0$30,465,792
90$54,221,997$45,539$0$33,449,997
91$59,603,504$0$0$36,736,438
92$65,529,228$0$0$40,380,497
93$72,054,529$0$0$44,405,536
94$79,240,413$0$0$48,838,174
95$87,154,100$0$0$53,719,895
96$95,869,666$0$0$59,096,409
97$105,468,734$0$0$65,018,085
98$116,041,248$0$0$71,540,428
99$127,686,321$0$0$78,724,601
100$140,513,171$0$0$86,638,002