Can I retire at age 45 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$76,716$76,033$75,366$74,715$74,080$71,910
2 years$37,978$37,271$36,585$35,921$35,276$33,108
3 years$25,067$24,357$23,673$23,015$22,381$20,282
4 years$18,613$17,905$17,228$16,581$15,962$13,948
5 years$14,742$14,038$13,370$12,736$12,134$10,211
6 years$12,161$11,463$10,805$10,185$9,601$7,771
7 years$10,319$9,626$8,979$8,374$7,808$6,071
8 years$8,938$8,252$7,615$7,024$6,478$4,832
9 years$7,865$7,185$6,559$5,983$5,455$3,899
10 years$7,006$6,333$5,718$5,158$4,648$3,180
11 years$6,304$5,638$5,034$4,489$3,998$2,615
12 years$5,720$5,060$4,467$3,937$3,464$2,164
13 years$5,226$4,573$3,991$3,476$3,021$1,800
14 years$4,803$4,157$3,586$3,086$2,648$1,504
15 years$4,436$3,797$3,238$2,752$2,332$1,261
16 years$4,116$3,484$2,936$2,464$2,061$1,060
17 years$3,833$3,208$2,671$2,214$1,827$893
18 years$3,583$2,965$2,439$1,995$1,625$754
19 years$3,359$2,748$2,232$1,803$1,448$638
20 years$3,157$2,553$2,049$1,633$1,293$540
21 years$2,975$2,378$1,884$1,482$1,157$458
22 years$2,810$2,220$1,737$1,347$1,037$388
23 years$2,660$2,076$1,604$1,227$931$330
24 years$2,522$1,945$1,483$1,119$837$280
25 years$2,395$1,826$1,374$1,022$753$238
26 years$2,278$1,716$1,274$934$678$203
27 years$2,171$1,615$1,183$855$612$173
28 years$2,071$1,522$1,100$784$552$147
29 years$1,978$1,435$1,023$719$498$125
30 years$1,891$1,356$953$660$450$107
31 years$1,810$1,282$889$606$407$91
32 years$1,735$1,213$829$557$368$78
33 years$1,664$1,148$774$512$333$66
34 years$1,597$1,088$723$471$302$56
35 years$1,534$1,032$676$434$273$48
36 years$1,475$980$633$399$248$41
37 years$1,420$931$592$368$224$35
38 years$1,367$884$555$339$203$30
39 years$1,317$841$520$313$185$25
40 years$1,270$800$487$288$167$22
41 years$1,225$762$457$266$152$18
42 years$1,183$725$428$246$138$16
43 years$1,142$691$402$227$125$13
44 years$1,104$659$377$209$114$11
45 years$1,067$628$354$193$103$10
46 years$1,032$599$333$179$94$8
47 years$999$572$313$165$85$7
48 years$967$546$294$152$77$6
49 years$936$521$276$141$70$5
50 years$907$498$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $929,000, adding $5,287 every year, while hoping to spend $26,042 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: 53/19/28 Blend
44$929,000$929,000$929,000$929,000
45$1,029,212$979,975$965,575$1,075,461
46$1,106,483$1,000,285$970,213$1,128,395
47$1,190,763$1,020,717$974,134$1,182,890
48$1,282,739$1,041,251$977,286$1,241,680
49$1,383,168$1,061,862$979,615$1,305,186
50$1,492,883$1,082,525$981,064$1,373,873
51$1,612,800$1,103,212$981,573$1,448,255
52$1,743,931$1,123,894$981,080$1,528,897
53$1,887,385$1,144,538$979,520$1,616,422
54$2,044,387$1,165,109$976,822$1,711,519
55$2,216,284$1,185,570$972,916$1,814,946
56$2,404,561$1,205,879$967,725$1,927,541
57$2,610,853$1,225,993$961,170$2,050,226
58$2,836,958$1,245,865$953,167$2,184,019
59$3,084,860$1,265,445$943,630$2,330,043
60$3,356,741$1,284,677$932,468$2,489,536
61$3,655,007$1,303,505$919,584$2,663,864
62$3,982,306$1,321,865$904,878$2,854,531
63$4,341,557$1,339,691$888,247$3,063,199
64$4,735,971$1,356,912$869,579$3,291,699
65$5,169,091$1,373,452$848,761$3,542,050
66$5,644,816$1,389,229$825,672$3,816,480
67$6,167,442$1,404,155$800,186$4,117,443
68$6,741,701$1,418,139$772,173$4,447,647
69$7,372,808$1,431,082$741,494$4,810,079
70$8,066,507$1,442,877$708,007$5,208,030
71$8,829,126$1,453,413$671,560$5,645,132
72$9,667,637$1,462,570$631,997$6,125,387
73$10,589,721$1,470,221$589,154$6,653,208
74$11,603,841$1,476,230$542,859$7,233,463
75$12,719,321$1,480,454$492,933$7,871,516
76$13,946,435$1,482,739$439,190$8,573,283
77$15,296,501$1,482,923$381,432$9,345,287
78$16,781,991$1,480,834$319,457$10,194,717
79$18,416,646$1,476,287$253,051$11,129,503
80$20,215,608$1,469,088$181,992$12,158,383
81$22,195,558$1,459,032$106,047$13,290,994
82$24,374,879$1,445,898$24,973$14,537,957
83$26,773,824$1,429,455$0$15,910,983
84$29,414,713$1,409,457$0$17,441,370
85$32,322,135$1,385,642$0$19,134,118
86$35,523,189$1,357,735$0$20,997,530
87$39,047,733$1,325,442$0$23,048,985
88$42,928,668$1,288,455$0$25,307,637
89$47,202,246$1,246,444$0$27,794,595
90$51,908,418$1,199,062$0$30,533,121
91$57,091,203$1,145,942$0$33,548,851
92$62,799,108$1,086,696$0$36,870,038
93$69,085,584$1,020,911$0$40,527,818
94$76,009,531$948,153$0$44,556,505
95$83,635,854$867,963$0$48,993,914
96$92,036,071$779,854$0$53,881,720
97$101,288,996$683,312$0$59,265,850
98$111,481,474$577,795$0$65,196,919
99$122,709,207$462,729$0$71,730,706
100$135,077,651$337,508$0$78,928,684