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%18.3%
1 years$88,360$87,573$86,805$86,055$85,323$82,460
2 years$43,742$42,928$42,138$41,373$40,630$37,774
3 years$28,872$28,054$27,266$26,508$25,777$23,018
4 years$21,438$20,622$19,843$19,097$18,385$15,742
5 years$16,979$16,168$15,399$14,669$13,976$11,458
6 years$14,007$13,203$12,445$11,731$11,059$8,668
7 years$11,885$11,088$10,341$9,644$8,994$6,729
8 years$10,295$9,504$8,770$8,090$7,461$5,321
9 years$9,058$8,275$7,554$6,891$6,283$4,265
10 years$8,070$7,294$6,586$5,940$5,354$3,454
11 years$7,261$6,493$5,798$5,170$4,604$2,820
12 years$6,588$5,828$5,146$4,535$3,990$2,317
13 years$6,019$5,267$4,597$4,003$3,479$1,913
14 years$5,531$4,788$4,131$3,554$3,050$1,586
15 years$5,109$4,373$3,729$3,169$2,685$1,319
16 years$4,741$4,013$3,381$2,838$2,373$1,100
17 years$4,415$3,695$3,077$2,550$2,104$920
18 years$4,127$3,415$2,809$2,298$1,871$770
19 years$3,869$3,165$2,571$2,076$1,668$646
20 years$3,637$2,941$2,360$1,880$1,490$542
21 years$3,427$2,739$2,171$1,707$1,333$456
22 years$3,237$2,557$2,000$1,552$1,195$384
23 years$3,063$2,392$1,847$1,413$1,073$323
24 years$2,904$2,241$1,708$1,289$964$272
25 years$2,759$2,103$1,582$1,177$868$229
26 years$2,624$1,976$1,467$1,076$781$193
27 years$2,500$1,860$1,363$985$705$163
28 years$2,385$1,753$1,267$903$636$138
29 years$2,278$1,653$1,179$828$574$116
30 years$2,178$1,561$1,098$760$519$98
31 years$2,085$1,476$1,024$698$469$83
32 years$1,998$1,397$955$641$424$70
33 years$1,916$1,323$892$590$384$59
34 years$1,840$1,254$833$543$348$50
35 years$1,767$1,189$779$499$315$42
36 years$1,699$1,129$729$460$285$36
37 years$1,635$1,072$682$424$259$30
38 years$1,575$1,019$639$391$234$25
39 years$1,517$969$598$360$213$22
40 years$1,463$922$561$332$193$18
41 years$1,411$877$526$306$175$15
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$9
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$3

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 $3,637 every year, while hoping to spend $58,487 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: 71/20/9 Blend
44$1,070,000$1,070,000$1,070,000$1,070,000
45$1,182,892$1,126,182$1,109,597$1,264,680
46$1,241,317$1,119,135$1,084,538$1,312,208
47$1,303,741$1,109,782$1,056,680$1,356,664
48$1,370,511$1,097,950$1,025,867$1,403,730
49$1,442,005$1,083,452$991,936$1,453,648
50$1,518,641$1,066,092$954,717$1,506,689
51$1,600,874$1,045,662$914,032$1,563,148
52$1,689,206$1,021,943$869,695$1,623,356
53$1,784,187$994,699$821,511$1,687,674
54$1,886,420$963,686$769,278$1,756,506
55$1,996,569$928,640$712,783$1,830,295
56$2,115,361$889,286$651,804$1,909,534
57$2,243,598$845,331$586,109$1,994,764
58$2,382,157$796,464$515,455$2,086,586
59$2,532,005$742,359$439,591$2,185,665
60$2,694,204$682,669$358,252$2,292,734
61$2,869,922$617,029$271,162$2,408,605
62$3,060,441$545,050$178,033$2,534,173
63$3,267,173$466,325$78,565$2,670,431
64$3,491,671$380,421$0$2,818,472
65$3,735,642$286,883$0$2,982,156
66$4,000,965$185,227$0$3,168,395
67$4,289,705$74,945$0$3,371,146
68$4,604,137$0$0$3,592,075
69$4,946,763$0$0$3,842,814
70$5,320,336$0$0$4,134,235
71$5,727,888$0$0$4,452,214
72$6,172,753$0$0$4,799,359
73$6,658,604$0$0$5,178,544
74$7,189,484$0$0$5,592,929
75$7,769,841$0$0$6,045,996
76$8,404,577$0$0$6,541,577
77$9,099,085$0$0$7,083,893
78$9,859,306$0$0$7,677,590
79$10,691,781$0$0$8,327,784
80$11,603,714$0$0$9,040,112
81$12,603,037$0$0$9,820,778
82$13,698,487$0$0$10,676,617
83$14,899,686$0$0$11,615,157
84$16,217,232$0$0$12,644,687
85$17,662,798$0$0$13,774,341
86$19,249,241$0$0$15,014,176
87$20,990,723$0$0$16,375,272
88$22,902,845$0$0$17,869,833
89$25,002,792$0$0$19,511,305
90$27,309,496$0$0$21,314,497
91$29,843,810$0$0$23,295,726
92$32,628,710$0$0$25,472,965
93$35,689,506$0$0$27,866,017
94$39,054,082$0$0$30,496,697
95$42,753,159$0$0$33,389,038
96$46,820,582$0$0$36,569,522
97$51,293,639$0$0$40,067,321
98$56,213,416$0$0$43,914,578
99$61,625,176$0$0$48,146,707
100$67,578,792$0$0$52,802,729