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%18.2%
1 years$88,360$87,573$86,805$86,055$85,323$82,493
2 years$43,742$42,928$42,138$41,373$40,630$37,806
3 years$28,872$28,054$27,266$26,508$25,777$23,048
4 years$21,438$20,622$19,843$19,097$18,385$15,771
5 years$16,979$16,168$15,399$14,669$13,976$11,485
6 years$14,007$13,203$12,445$11,731$11,059$8,693
7 years$11,885$11,088$10,341$9,644$8,994$6,752
8 years$10,295$9,504$8,770$8,090$7,461$5,343
9 years$9,058$8,275$7,554$6,891$6,283$4,285
10 years$8,070$7,294$6,586$5,940$5,354$3,473
11 years$7,261$6,493$5,798$5,170$4,604$2,837
12 years$6,588$5,828$5,146$4,535$3,990$2,332
13 years$6,019$5,267$4,597$4,003$3,479$1,927
14 years$5,531$4,788$4,131$3,554$3,050$1,599
15 years$5,109$4,373$3,729$3,169$2,685$1,331
16 years$4,741$4,013$3,381$2,838$2,373$1,111
17 years$4,415$3,695$3,077$2,550$2,104$929
18 years$4,127$3,415$2,809$2,298$1,871$779
19 years$3,869$3,165$2,571$2,076$1,668$654
20 years$3,637$2,941$2,360$1,880$1,490$549
21 years$3,427$2,739$2,171$1,707$1,333$462
22 years$3,237$2,557$2,000$1,552$1,195$389
23 years$3,063$2,392$1,847$1,413$1,073$328
24 years$2,904$2,241$1,708$1,289$964$276
25 years$2,759$2,103$1,582$1,177$868$233
26 years$2,624$1,976$1,467$1,076$781$197
27 years$2,500$1,860$1,363$985$705$166
28 years$2,385$1,753$1,267$903$636$140
29 years$2,278$1,653$1,179$828$574$119
30 years$2,178$1,561$1,098$760$519$100
31 years$2,085$1,476$1,024$698$469$85
32 years$1,998$1,397$955$641$424$72
33 years$1,916$1,323$892$590$384$61
34 years$1,840$1,254$833$543$348$51
35 years$1,767$1,189$779$499$315$43
36 years$1,699$1,129$729$460$285$37
37 years$1,635$1,072$682$424$259$31
38 years$1,575$1,019$639$391$234$26
39 years$1,517$969$598$360$213$22
40 years$1,463$922$561$332$193$19
41 years$1,411$877$526$306$175$16
42 years$1,362$835$493$283$159$13
43 years$1,316$796$463$261$144$11
44 years$1,271$759$435$241$131$10
45 years$1,229$724$408$223$119$8
46 years$1,189$690$383$206$108$7
47 years$1,150$659$360$190$98$6
48 years$1,113$629$338$176$89$5
49 years$1,078$600$318$162$81$4
50 years$1,045$574$299$150$73$4

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 $2,023 every year, while hoping to spend $23,162 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: 46/41/13 Blend
44$1,070,000$1,070,000$1,070,000$1,070,000
45$1,181,227$1,124,517$1,107,932$1,231,138
46$1,277,068$1,154,974$1,120,403$1,296,404
47$1,381,908$1,186,147$1,132,516$1,364,640
48$1,496,641$1,218,047$1,144,234$1,438,152
49$1,622,252$1,250,684$1,155,519$1,517,439
50$1,759,822$1,284,069$1,166,330$1,603,047
51$1,910,546$1,318,210$1,176,624$1,695,582
52$2,075,737$1,353,118$1,186,356$1,795,706
53$2,256,843$1,388,801$1,195,479$1,904,152
54$2,455,457$1,425,268$1,203,944$2,021,724
55$2,673,334$1,462,527$1,211,697$2,149,308
56$2,912,409$1,500,586$1,218,684$2,287,880
57$3,174,811$1,539,451$1,224,846$2,438,516
58$3,462,886$1,579,128$1,230,122$2,602,398
59$3,779,219$1,619,623$1,234,450$2,780,832
60$4,126,655$1,660,941$1,237,760$2,975,252
61$4,508,332$1,703,085$1,239,983$3,187,242
62$4,927,703$1,746,058$1,241,044$3,418,543
63$5,388,576$1,789,861$1,240,865$3,671,074
64$5,895,142$1,834,496$1,239,366$3,946,952
65$6,452,021$1,879,961$1,236,459$4,248,506
66$7,064,303$1,926,254$1,232,056$4,578,302
67$7,737,593$1,973,373$1,226,062$4,939,169
68$8,478,071$2,021,311$1,218,378$5,334,224
69$9,292,541$2,070,062$1,208,900$5,766,899
70$10,188,503$2,119,618$1,197,521$6,240,978
71$11,174,219$2,169,968$1,184,127$6,760,629
72$12,258,793$2,221,100$1,168,599$7,330,446
73$13,452,254$2,272,998$1,150,811$7,955,491
74$14,765,655$2,325,646$1,130,634$8,641,340
75$16,211,172$2,379,024$1,107,931$9,394,141
76$17,802,225$2,433,108$1,082,560$10,220,666
77$19,553,596$2,487,875$1,054,370$11,128,379
78$21,481,577$2,543,295$1,023,205$12,125,504
79$23,604,117$2,599,336$988,902$13,221,106
80$25,940,997$2,655,963$951,290$14,425,172
81$28,514,010$2,713,136$910,189$15,748,711
82$31,347,171$2,770,813$865,413$17,203,851
83$34,466,944$2,828,944$816,766$18,803,961
84$37,902,489$2,887,479$764,044$20,563,774
85$41,685,936$2,946,358$707,033$22,499,523
86$45,852,693$3,005,521$645,510$24,629,100
87$50,441,775$3,064,899$579,242$26,972,224
88$55,496,175$3,124,418$507,985$29,550,622
89$61,063,267$3,183,997$431,485$32,388,243
90$67,195,257$3,243,550$349,477$35,511,476
91$73,949,672$3,302,982$261,683$38,949,407
92$81,389,903$3,362,193$167,814$42,734,086
93$89,585,804$3,421,071$67,566$46,900,837
94$98,614,352$3,479,500$0$51,488,589
95$108,560,372$3,537,352$0$56,545,708
96$119,517,338$3,594,490$0$62,124,364
97$131,588,255$3,650,768$0$68,267,327
98$144,886,629$3,706,028$0$75,032,069
99$159,537,544$3,760,102$0$82,481,921
100$175,678,835$3,812,808$0$90,686,680