Can I retire at age 45 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$113,133$112,126$111,142$110,183$109,246$108,150
2 years$56,007$54,964$53,953$52,972$52,022$50,918
3 years$36,967$35,919$34,911$33,940$33,005$31,927
4 years$27,449$26,404$25,406$24,452$23,539$22,496
5 years$21,740$20,701$19,716$18,781$17,894$16,889
6 years$17,935$16,904$15,934$15,020$14,159$13,193
7 years$15,218$14,196$13,241$12,348$11,515$10,588
8 years$13,181$12,169$11,229$10,359$9,553$8,665
9 years$11,598$10,595$9,672$8,823$8,045$7,196
10 years$10,332$9,339$8,432$7,606$6,855$6,045
11 years$9,297$8,314$7,424$6,619$5,895$5,123
12 years$8,435$7,462$6,588$5,806$5,109$4,374
13 years$7,706$6,744$5,886$5,126$4,455$3,756
14 years$7,082$6,130$5,289$4,550$3,905$3,241
15 years$6,542$5,600$4,775$4,058$3,438$2,809
16 years$6,070$5,138$4,329$3,633$3,039$2,443
17 years$5,653$4,732$3,939$3,265$2,694$2,130
18 years$5,284$4,372$3,596$2,942$2,396$1,863
19 years$4,953$4,052$3,292$2,658$2,135$1,632
20 years$4,656$3,765$3,021$2,408$1,907$1,433
21 years$4,388$3,507$2,779$2,185$1,707$1,260
22 years$4,144$3,274$2,561$1,987$1,530$1,109
23 years$3,922$3,062$2,365$1,809$1,373$978
24 years$3,719$2,869$2,187$1,650$1,234$863
25 years$3,532$2,692$2,026$1,507$1,111$763
26 years$3,360$2,530$1,879$1,378$1,001$674
27 years$3,201$2,381$1,745$1,261$902$597
28 years$3,053$2,244$1,622$1,156$814$528
29 years$2,916$2,117$1,509$1,060$735$468
30 years$2,789$1,999$1,406$973$664$415
31 years$2,670$1,890$1,311$893$600$368
32 years$2,558$1,788$1,223$821$543$326
33 years$2,453$1,693$1,142$755$492$289
34 years$2,355$1,605$1,067$695$445$257
35 years$2,263$1,522$997$639$403$228
36 years$2,176$1,445$933$589$365$202
37 years$2,094$1,372$873$543$331$180
38 years$2,016$1,304$818$500$300$160
39 years$1,943$1,240$766$461$272$142
40 years$1,873$1,180$718$425$247$126
41 years$1,807$1,123$673$392$224$112
42 years$1,744$1,070$632$362$203$100
43 years$1,685$1,019$593$334$184$89
44 years$1,628$972$556$309$167$79
45 years$1,574$926$522$285$152$70
46 years$1,522$884$491$263$138$62
47 years$1,473$843$461$243$125$55
48 years$1,426$805$433$225$114$49
49 years$1,381$769$407$208$103$44
50 years$1,338$734$383$192$94$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $1,370,000, adding $5,617 every year, while hoping to spend $54,563 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: 49/27/24 Blend
44$1,370,000$1,370,000$1,370,000$1,370,000
45$1,515,534$1,442,924$1,421,689$1,579,260
46$1,612,064$1,455,573$1,411,261$1,636,930
47$1,716,611$1,467,012$1,398,655$1,693,627
48$1,829,936$1,477,126$1,383,740$1,754,119
49$1,952,874$1,485,790$1,366,380$1,818,790
50$2,086,344$1,492,871$1,346,431$1,888,062
51$2,231,359$1,498,229$1,323,744$1,962,404
52$2,389,029$1,501,714$1,298,161$2,042,337
53$2,560,579$1,503,168$1,269,519$2,128,435
54$2,747,355$1,502,420$1,237,645$2,221,334
55$2,950,839$1,499,292$1,202,359$2,321,740
56$3,172,660$1,493,593$1,163,474$2,430,432
57$3,414,614$1,485,121$1,120,792$2,548,273
58$3,678,674$1,473,662$1,074,109$2,676,219
59$3,967,015$1,458,988$1,023,208$2,815,325
60$4,282,031$1,440,858$967,865$2,966,760
61$4,626,355$1,419,017$907,845$3,131,816
62$5,002,888$1,393,193$842,903$3,311,921
63$5,414,823$1,363,101$772,781$3,508,656
64$5,865,678$1,328,435$697,212$3,723,767
65$6,359,324$1,288,876$615,916$3,959,184
66$6,900,026$1,244,081$528,599$4,217,042
67$7,492,478$1,193,691$434,957$4,499,698
68$8,141,853$1,137,324$334,671$4,809,758
69$8,853,847$1,074,577$227,407$5,150,100
70$9,634,731$1,005,024$112,817$5,523,906
71$10,491,417$928,213$0$5,934,688
72$11,431,513$843,667$0$6,388,753
73$12,463,404$750,883$0$6,918,950
74$13,596,323$649,328$0$7,501,193
75$14,840,441$538,438$0$8,140,814
76$16,206,964$417,620$0$8,843,695
77$17,708,235$286,244$0$9,616,322
78$19,357,853$143,648$0$10,465,850
79$21,170,799$0$0$11,400,168
80$23,163,576$0$0$12,431,208
81$25,354,367$0$0$13,611,777
82$27,763,204$0$0$14,910,010
83$30,412,158$0$0$16,337,822
84$33,325,543$0$0$17,908,342
85$36,530,151$0$0$19,636,032
86$40,055,500$0$0$21,536,830
87$43,934,111$0$0$23,628,294
88$48,201,818$0$0$25,929,770
89$52,898,104$0$0$28,462,576
90$58,066,471$0$0$31,250,199
91$63,754,854$0$0$34,318,519
92$70,016,069$0$0$37,696,053
93$76,908,311$0$0$41,414,222
94$84,495,706$0$0$45,507,650
95$92,848,912$0$0$50,014,486
96$102,045,786$0$0$54,976,769
97$112,172,119$0$0$60,440,820
98$123,322,445$0$0$66,457,682
99$135,600,930$0$0$73,083,598
100$149,122,358$0$0$80,380,546