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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$113,133$112,126$111,142$110,183$109,246$107,658
2 years$56,007$54,964$53,953$52,972$52,022$50,425
3 years$36,967$35,919$34,911$33,940$33,005$31,449
4 years$27,449$26,404$25,406$24,452$23,539$22,037
5 years$21,740$20,701$19,716$18,781$17,894$16,449
6 years$17,935$16,904$15,934$15,020$14,159$12,773
7 years$15,218$14,196$13,241$12,348$11,515$10,189
8 years$13,181$12,169$11,229$10,359$9,553$8,286
9 years$11,598$10,595$9,672$8,823$8,045$6,837
10 years$10,332$9,339$8,432$7,606$6,855$5,704
11 years$9,297$8,314$7,424$6,619$5,895$4,802
12 years$8,435$7,462$6,588$5,806$5,109$4,071
13 years$7,706$6,744$5,886$5,126$4,455$3,471
14 years$7,082$6,130$5,289$4,550$3,905$2,974
15 years$6,542$5,600$4,775$4,058$3,438$2,558
16 years$6,070$5,138$4,329$3,633$3,039$2,207
17 years$5,653$4,732$3,939$3,265$2,694$1,910
18 years$5,284$4,372$3,596$2,942$2,396$1,657
19 years$4,953$4,052$3,292$2,658$2,135$1,440
20 years$4,656$3,765$3,021$2,408$1,907$1,254
21 years$4,388$3,507$2,779$2,185$1,707$1,094
22 years$4,144$3,274$2,561$1,987$1,530$955
23 years$3,922$3,062$2,365$1,809$1,373$835
24 years$3,719$2,869$2,187$1,650$1,234$731
25 years$3,532$2,692$2,026$1,507$1,111$640
26 years$3,360$2,530$1,879$1,378$1,001$561
27 years$3,201$2,381$1,745$1,261$902$492
28 years$3,053$2,244$1,622$1,156$814$432
29 years$2,916$2,117$1,509$1,060$735$379
30 years$2,789$1,999$1,406$973$664$333
31 years$2,670$1,890$1,311$893$600$293
32 years$2,558$1,788$1,223$821$543$257
33 years$2,453$1,693$1,142$755$492$226
34 years$2,355$1,605$1,067$695$445$199
35 years$2,263$1,522$997$639$403$175
36 years$2,176$1,445$933$589$365$154
37 years$2,094$1,372$873$543$331$135
38 years$2,016$1,304$818$500$300$119
39 years$1,943$1,240$766$461$272$105
40 years$1,873$1,180$718$425$247$92
41 years$1,807$1,123$673$392$224$81
42 years$1,744$1,070$632$362$203$72
43 years$1,685$1,019$593$334$184$63
44 years$1,628$972$556$309$167$55
45 years$1,574$926$522$285$152$49
46 years$1,522$884$491$263$138$43
47 years$1,473$843$461$243$125$38
48 years$1,426$805$433$225$114$33
49 years$1,381$769$407$208$103$29
50 years$1,338$734$383$192$94$26

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 $5,251 every year, while hoping to spend $58,685 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: 76/7/17 Blend
44$1,370,000$1,370,000$1,370,000$1,370,000
45$1,515,156$1,442,546$1,421,311$1,624,148
46$1,607,262$1,450,791$1,406,485$1,705,168
47$1,706,795$1,457,472$1,389,195$1,786,153
48$1,814,452$1,462,452$1,369,297$1,873,363
49$1,930,998$1,465,584$1,346,640$1,967,403
50$2,057,272$1,466,710$1,321,064$2,068,936
51$2,194,200$1,465,664$1,292,406$2,178,697
52$2,342,797$1,462,271$1,260,491$2,297,493
53$2,504,182$1,456,342$1,225,137$2,426,214
54$2,679,585$1,447,679$1,186,155$2,565,844
55$2,870,358$1,436,071$1,143,347$2,717,466
56$3,077,990$1,421,294$1,096,504$2,882,271
57$3,304,118$1,403,110$1,045,410$3,061,579
58$3,550,545$1,381,269$989,838$3,256,838
59$3,819,253$1,355,504$929,551$3,469,650
60$4,112,427$1,325,533$864,300$3,701,778
61$4,432,467$1,291,058$793,827$3,955,169
62$4,782,020$1,251,761$717,861$4,231,965
63$5,163,997$1,207,307$636,120$4,534,532
64$5,581,602$1,157,344$548,309$4,865,477
65$6,038,367$1,101,494$454,118$5,227,674
66$6,538,175$1,039,363$353,226$5,624,293
67$7,085,307$970,529$245,297$6,058,826
68$7,684,474$894,551$129,980$6,535,128
69$8,340,864$810,958$6,908$7,057,444
70$9,060,192$719,255$0$7,630,457
71$9,848,752$618,918$0$8,281,900
72$10,713,473$509,394$0$8,997,699
73$11,661,991$390,098$0$9,782,950
74$12,702,714$260,412$0$10,644,648
75$13,844,903$119,685$0$11,590,504
76$15,098,761$0$0$12,629,009
77$16,475,525$0$0$13,772,047
78$17,987,574$0$0$15,037,583
79$19,648,547$0$0$16,427,818
80$21,473,465$0$0$17,955,335
81$23,478,879$0$0$19,633,992
82$25,683,021$0$0$21,479,059
83$28,105,979$0$0$23,507,358
84$30,769,883$0$0$25,737,424
85$33,699,112$0$0$28,189,674
86$36,920,531$0$0$30,886,605
87$40,463,733$0$0$33,853,003
88$44,361,327$0$0$37,116,176
89$48,649,240$0$0$40,706,213
90$53,367,057$0$0$44,656,266
91$58,558,392$0$0$49,002,862
92$64,271,302$0$0$53,786,248
93$70,558,737$0$0$59,050,770
94$77,479,041$0$0$64,845,291
95$85,096,501$0$0$71,223,649
96$93,481,951$0$0$78,245,171
97$102,713,444$0$0$85,975,224
98$112,876,984$0$0$94,485,837
99$124,067,337$0$0$103,856,379
100$136,388,930$0$0$114,174,306