Can I retire at age 45 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$76,799$76,114$75,447$74,796$74,160$71,358
2 years$38,019$37,311$36,625$35,959$35,314$32,524
3 years$25,094$24,383$23,699$23,040$22,405$19,714
4 years$18,633$17,924$17,247$16,599$15,979$13,409
5 years$14,757$14,053$13,384$12,749$12,147$9,703
6 years$12,175$11,475$10,816$10,196$9,612$7,296
7 years$10,330$9,637$8,988$8,383$7,817$5,628
8 years$8,948$8,261$7,623$7,032$6,485$4,422
9 years$7,873$7,192$6,566$5,990$5,461$3,521
10 years$7,014$6,340$5,724$5,163$4,653$2,832
11 years$6,311$5,644$5,039$4,493$4,002$2,295
12 years$5,726$5,066$4,472$3,941$3,468$1,872
13 years$5,231$4,578$3,996$3,480$3,024$1,534
14 years$4,808$4,161$3,590$3,089$2,651$1,262
15 years$4,441$3,801$3,241$2,755$2,334$1,042
16 years$4,120$3,488$2,939$2,467$2,063$862
17 years$3,838$3,212$2,674$2,216$1,829$715
18 years$3,587$2,968$2,441$1,997$1,626$593
19 years$3,362$2,751$2,235$1,805$1,450$494
20 years$3,161$2,556$2,051$1,634$1,295$411
21 years$2,979$2,381$1,887$1,483$1,159$343
22 years$2,813$2,222$1,739$1,349$1,039$286
23 years$2,662$2,079$1,605$1,228$932$239
24 years$2,524$1,948$1,485$1,120$838$199
25 years$2,398$1,828$1,375$1,023$754$166
26 years$2,281$1,718$1,275$935$679$139
27 years$2,173$1,617$1,184$856$612$116
28 years$2,073$1,523$1,101$785$553$97
29 years$1,980$1,437$1,025$719$499$81
30 years$1,893$1,357$954$660$451$68
31 years$1,812$1,283$890$606$408$57
32 years$1,736$1,214$830$557$369$48
33 years$1,665$1,150$775$512$334$40
34 years$1,599$1,090$724$472$302$33
35 years$1,536$1,033$677$434$274$28
36 years$1,477$981$633$400$248$23
37 years$1,421$932$593$368$225$20
38 years$1,369$885$555$339$204$16
39 years$1,319$842$520$313$185$14
40 years$1,271$801$488$289$168$12
41 years$1,227$762$457$266$152$10
42 years$1,184$726$429$246$138$8
43 years$1,144$692$402$227$125$7
44 years$1,105$659$378$210$114$6
45 years$1,068$629$355$194$103$5
46 years$1,033$600$333$179$94$4
47 years$1,000$573$313$165$85$3
48 years$968$547$294$153$77$3
49 years$937$522$276$141$70$2
50 years$908$499$260$130$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $930,000, adding $5,527 every year, while hoping to spend $58,278 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: 55/23/22 Blend
44$930,000$930,000$930,000$930,000
45$1,030,561$981,271$966,856$1,080,782
46$1,073,671$967,346$937,238$1,101,878
47$1,119,225$950,785$904,675$1,118,235
48$1,167,410$931,399$869,007$1,134,803
49$1,218,433$908,984$830,065$1,151,621
50$1,272,516$883,327$787,675$1,168,732
51$1,329,904$854,201$741,653$1,186,189
52$1,390,865$821,368$691,809$1,204,053
53$1,455,691$784,573$637,943$1,222,395
54$1,524,702$743,548$579,845$1,241,297
55$1,598,250$698,009$517,298$1,260,853
56$1,676,717$647,658$450,073$1,281,171
57$1,760,525$592,175$377,933$1,302,377
58$1,850,133$531,227$300,629$1,324,613
59$1,946,048$464,458$217,901$1,348,039
60$2,048,823$391,494$129,478$1,372,841
61$2,159,065$311,940$35,078$1,399,227
62$2,277,442$225,378$0$1,427,432
63$2,404,685$131,365$0$1,473,140
64$2,541,598$29,437$0$1,531,025
65$2,689,063$0$0$1,593,262
66$2,848,048$0$0$1,680,785
67$3,019,617$0$0$1,783,343
68$3,204,940$0$0$1,894,191
69$3,405,302$0$0$2,014,108
70$3,622,114$0$0$2,143,948
71$3,856,930$0$0$2,284,650
72$4,111,455$0$0$2,437,248
73$4,387,568$0$0$2,602,877
74$4,687,332$0$0$2,782,786
75$5,013,016$0$0$2,978,350
76$5,367,119$0$0$3,191,080
77$5,752,389$0$0$3,422,641
78$6,171,847$0$0$3,674,862
79$6,628,820$0$0$3,949,758
80$7,126,969$0$0$4,249,545
81$7,670,323$0$0$4,576,664
82$8,263,315$0$0$4,933,798
83$8,910,827$0$0$5,323,905
84$9,618,232$0$0$5,750,240
85$10,391,445$0$0$6,216,384
86$11,236,978$0$0$6,726,283
87$12,162,003$0$0$7,284,280
88$13,174,414$0$0$7,895,158
89$14,282,905$0$0$8,564,184
90$15,497,050$0$0$9,297,158
91$16,827,393$0$0$10,100,467
92$18,285,544$0$0$10,981,147
93$19,884,293$0$0$11,946,944
94$21,637,723$0$0$13,006,392
95$23,561,347$0$0$14,168,892
96$25,672,253$0$0$15,444,796
97$27,989,263$0$0$16,845,508
98$30,533,108$0$0$18,383,591
99$33,326,628$0$0$20,072,883
100$36,394,979$0$0$21,928,630