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%15.5%
1 years$76,716$76,033$75,366$74,715$74,080$72,407
2 years$37,978$37,271$36,585$35,921$35,276$33,599
3 years$25,067$24,357$23,673$23,015$22,381$20,753
4 years$18,613$17,905$17,228$16,581$15,962$14,395
5 years$14,742$14,038$13,370$12,736$12,134$10,633
6 years$12,161$11,463$10,805$10,185$9,601$8,168
7 years$10,319$9,626$8,979$8,374$7,808$6,442
8 years$8,938$8,252$7,615$7,024$6,478$5,179
9 years$7,865$7,185$6,559$5,983$5,455$4,222
10 years$7,006$6,333$5,718$5,158$4,648$3,480
11 years$6,304$5,638$5,034$4,489$3,998$2,893
12 years$5,720$5,060$4,467$3,937$3,464$2,421
13 years$5,226$4,573$3,991$3,476$3,021$2,037
14 years$4,803$4,157$3,586$3,086$2,648$1,722
15 years$4,436$3,797$3,238$2,752$2,332$1,461
16 years$4,116$3,484$2,936$2,464$2,061$1,243
17 years$3,833$3,208$2,671$2,214$1,827$1,060
18 years$3,583$2,965$2,439$1,995$1,625$907
19 years$3,359$2,748$2,232$1,803$1,448$776
20 years$3,157$2,553$2,049$1,633$1,293$666
21 years$2,975$2,378$1,884$1,482$1,157$572
22 years$2,810$2,220$1,737$1,347$1,037$492
23 years$2,660$2,076$1,604$1,227$931$423
24 years$2,522$1,945$1,483$1,119$837$365
25 years$2,395$1,826$1,374$1,022$753$314
26 years$2,278$1,716$1,274$934$678$271
27 years$2,171$1,615$1,183$855$612$234
28 years$2,071$1,522$1,100$784$552$202
29 years$1,978$1,435$1,023$719$498$175
30 years$1,891$1,356$953$660$450$151
31 years$1,810$1,282$889$606$407$130
32 years$1,735$1,213$829$557$368$113
33 years$1,664$1,148$774$512$333$97
34 years$1,597$1,088$723$471$302$84
35 years$1,534$1,032$676$434$273$73
36 years$1,475$980$633$399$248$63
37 years$1,420$931$592$368$224$55
38 years$1,367$884$555$339$203$47
39 years$1,317$841$520$313$185$41
40 years$1,270$800$487$288$167$35
41 years$1,225$762$457$266$152$31
42 years$1,183$725$428$246$138$26
43 years$1,142$691$402$227$125$23
44 years$1,104$659$377$209$114$20
45 years$1,067$628$354$193$103$17
46 years$1,032$599$333$179$94$15
47 years$999$572$313$165$85$13
48 years$967$546$294$152$77$11
49 years$936$521$276$141$70$10
50 years$907$498$260$130$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $929,000, adding $6,398 every year, while hoping to spend $44,460 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: 65/25/10 Blend
44$929,000$929,000$929,000$929,000
45$1,030,358$981,121$966,721$1,094,714
46$1,088,149$981,890$951,801$1,139,185
47$1,150,345$981,208$934,891$1,181,931
48$1,217,348$978,955$915,878$1,227,495
49$1,289,600$975,006$894,642$1,276,149
50$1,367,586$969,228$871,059$1,328,192
51$1,451,839$961,480$845,000$1,383,956
52$1,542,947$951,612$816,327$1,443,807
53$1,641,552$939,466$784,899$1,508,152
54$1,748,364$924,874$750,567$1,577,438
55$1,864,161$907,657$713,175$1,652,160
56$1,989,800$887,626$672,560$1,732,866
57$2,126,221$864,581$628,553$1,820,159
58$2,274,462$838,312$580,976$1,914,709
59$2,435,661$808,593$529,642$2,017,255
60$2,611,073$775,189$474,359$2,128,611
61$2,802,076$737,847$414,924$2,249,679
62$3,010,189$696,302$351,125$2,381,456
63$3,237,081$650,274$282,741$2,525,041
64$3,484,593$599,467$209,542$2,681,651
65$3,754,746$543,565$131,286$2,852,627
66$4,049,768$482,238$47,723$3,039,452
67$4,372,112$415,136$0$3,243,765
68$4,724,477$341,887$0$3,471,795
69$5,109,836$262,101$0$3,726,841
70$5,531,459$175,365$0$4,006,038
71$5,992,952$81,241$0$4,311,854
72$6,498,282$0$0$4,647,010
73$7,051,817$0$0$5,020,211
74$7,658,371$0$0$5,453,709
75$8,323,242$0$0$5,928,949
76$9,052,267$0$0$6,450,110
77$9,851,874$0$0$7,021,797
78$10,729,143$0$0$7,649,079
79$11,691,875$0$0$8,337,543
80$12,748,658$0$0$9,093,340
81$13,908,955$0$0$9,923,248
82$15,183,191$0$0$10,834,732
83$16,582,848$0$0$11,836,015
84$18,120,576$0$0$12,936,157
85$19,810,309$0$0$14,145,140
86$21,667,401$0$0$15,473,957
87$23,708,763$0$0$16,934,724
88$25,953,031$0$0$18,540,785
89$28,420,731$0$0$20,306,843
90$31,134,483$0$0$22,249,099
91$34,119,205$0$0$24,385,401
92$37,402,352$0$0$26,735,412
93$41,014,174$0$0$29,320,800
94$44,988,000$0$0$32,165,436
95$49,360,554$0$0$35,295,623
96$54,172,297$0$0$38,740,342
97$59,467,813$0$0$42,531,527
98$65,296,224$0$0$46,704,362
99$71,711,658$0$0$51,297,616
100$78,773,756$0$0$56,354,010