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%13.1%
1 years$88,360$87,573$86,805$86,055$85,323$84,222
2 years$43,742$42,928$42,138$41,373$40,630$39,522
3 years$28,872$28,054$27,266$26,508$25,777$24,697
4 years$21,438$20,622$19,843$19,097$18,385$17,341
5 years$16,979$16,168$15,399$14,669$13,976$12,971
6 years$14,007$13,203$12,445$11,731$11,059$10,094
7 years$11,885$11,088$10,341$9,644$8,994$8,070
8 years$10,295$9,504$8,770$8,090$7,461$6,578
9 years$9,058$8,275$7,554$6,891$6,283$5,440
10 years$8,070$7,294$6,586$5,940$5,354$4,550
11 years$7,261$6,493$5,798$5,170$4,604$3,840
12 years$6,588$5,828$5,146$4,535$3,990$3,263
13 years$6,019$5,267$4,597$4,003$3,479$2,790
14 years$5,531$4,788$4,131$3,554$3,050$2,397
15 years$5,109$4,373$3,729$3,169$2,685$2,067
16 years$4,741$4,013$3,381$2,838$2,373$1,789
17 years$4,415$3,695$3,077$2,550$2,104$1,552
18 years$4,127$3,415$2,809$2,298$1,871$1,351
19 years$3,869$3,165$2,571$2,076$1,668$1,177
20 years$3,637$2,941$2,360$1,880$1,490$1,028
21 years$3,427$2,739$2,171$1,707$1,333$900
22 years$3,237$2,557$2,000$1,552$1,195$788
23 years$3,063$2,392$1,847$1,413$1,073$691
24 years$2,904$2,241$1,708$1,289$964$607
25 years$2,759$2,103$1,582$1,177$868$533
26 years$2,624$1,976$1,467$1,076$781$469
27 years$2,500$1,860$1,363$985$705$412
28 years$2,385$1,753$1,267$903$636$363
29 years$2,278$1,653$1,179$828$574$320
30 years$2,178$1,561$1,098$760$519$282
31 years$2,085$1,476$1,024$698$469$248
32 years$1,998$1,397$955$641$424$219
33 years$1,916$1,323$892$590$384$193
34 years$1,840$1,254$833$543$348$170
35 years$1,767$1,189$779$499$315$150
36 years$1,699$1,129$729$460$285$133
37 years$1,635$1,072$682$424$259$117
38 years$1,575$1,019$639$391$234$104
39 years$1,517$969$598$360$213$91
40 years$1,463$922$561$332$193$81
41 years$1,411$877$526$306$175$71
42 years$1,362$835$493$283$159$63
43 years$1,316$796$463$261$144$56
44 years$1,271$759$435$241$131$49
45 years$1,229$724$408$223$119$44
46 years$1,189$690$383$206$108$38
47 years$1,150$659$360$190$98$34
48 years$1,113$629$338$176$89$30
49 years$1,078$600$318$162$81$27
50 years$1,045$574$299$150$73$23

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 $5,509 every year, while hoping to spend $48,649 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: 51/36/13 Blend
44$1,070,000$1,070,000$1,070,000$1,070,000
45$1,184,823$1,128,113$1,111,528$1,240,833
46$1,253,912$1,131,628$1,097,002$1,283,291
47$1,328,419$1,133,685$1,080,358$1,323,826
48$1,408,843$1,134,161$1,061,476$1,366,793
49$1,495,735$1,132,926$1,040,226$1,412,436
50$1,589,702$1,129,840$1,016,475$1,461,022
51$1,691,406$1,124,757$990,082$1,512,854
52$1,801,581$1,117,522$960,901$1,568,262
53$1,921,030$1,107,968$928,778$1,627,616
54$2,050,636$1,095,919$893,554$1,691,325
55$2,191,373$1,081,191$855,060$1,759,843
56$2,344,309$1,063,586$813,120$1,833,672
57$2,510,621$1,042,894$767,553$1,913,371
58$2,691,604$1,018,896$718,165$1,999,559
59$2,888,681$991,355$664,757$2,092,919
60$3,103,421$960,025$607,120$2,194,212
61$3,337,546$924,643$545,035$2,304,279
62$3,592,956$884,931$478,274$2,424,050
63$3,871,739$840,595$406,599$2,554,557
64$4,176,196$791,323$329,759$2,696,941
65$4,508,859$736,788$247,496$2,852,468
66$4,872,513$676,642$159,538$3,022,535
67$5,270,228$610,516$65,602$3,208,691
68$5,705,383$538,023$0$3,412,648
69$6,181,698$458,752$0$3,641,107
70$6,703,269$372,269$0$3,901,380
71$7,274,609$278,116$0$4,186,722
72$7,900,685$175,809$0$4,499,740
73$8,586,968$64,838$0$4,843,317
74$9,339,485$0$0$5,220,636
75$10,164,874$0$0$5,657,134
76$11,070,444$0$0$6,164,327
77$12,064,248$0$0$6,721,055
78$13,155,156$0$0$7,332,299
79$14,352,937$0$0$8,003,549
80$15,668,355$0$0$8,740,853
81$17,113,264$0$0$9,550,871
82$18,700,727$0$0$10,440,942
83$20,445,131$0$0$11,419,151
84$22,362,328$0$0$12,494,405
85$24,469,781$0$0$13,676,514
86$26,786,728$0$0$14,976,291
87$29,334,366$0$0$16,405,645
88$32,136,048$0$0$17,977,700
89$35,217,503$0$0$19,706,912
90$38,607,079$0$0$21,609,212
91$42,336,010$0$0$23,702,150
92$46,438,709$0$0$26,005,066
93$50,953,092$0$0$28,539,265
94$55,920,938$0$0$31,328,226
95$61,388,279$0$0$34,397,817
96$67,405,836$0$0$37,776,540
97$74,029,497$0$0$41,495,803
98$81,320,841$0$0$45,590,211
99$89,347,723$0$0$50,097,897
100$98,184,910$0$0$55,060,878