Can I retire at age 45 with 930,000?

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 $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%12%
1 years$76,799$76,114$75,447$74,796$74,160$73,538
2 years$38,019$37,311$36,625$35,959$35,314$34,688
3 years$25,094$24,383$23,699$23,040$22,405$21,793
4 years$18,633$17,924$17,247$16,599$15,979$15,387
5 years$14,757$14,053$13,384$12,749$12,147$11,576
6 years$12,175$11,475$10,816$10,196$9,612$9,062
7 years$10,330$9,637$8,988$8,383$7,817$7,289
8 years$8,948$8,261$7,623$7,032$6,485$5,979
9 years$7,873$7,192$6,566$5,990$5,461$4,977
10 years$7,014$6,340$5,724$5,163$4,653$4,191
11 years$6,311$5,644$5,039$4,493$4,002$3,560
12 years$5,726$5,066$4,472$3,941$3,468$3,047
13 years$5,231$4,578$3,996$3,480$3,024$2,624
14 years$4,808$4,161$3,590$3,089$2,651$2,270
15 years$4,441$3,801$3,241$2,755$2,334$1,973
16 years$4,120$3,488$2,939$2,467$2,063$1,720
17 years$3,838$3,212$2,674$2,216$1,829$1,504
18 years$3,587$2,968$2,441$1,997$1,626$1,319
19 years$3,362$2,751$2,235$1,805$1,450$1,159
20 years$3,161$2,556$2,051$1,634$1,295$1,021
21 years$2,979$2,381$1,887$1,483$1,159$900
22 years$2,813$2,222$1,739$1,349$1,039$795
23 years$2,662$2,079$1,605$1,228$932$703
24 years$2,524$1,948$1,485$1,120$838$622
25 years$2,398$1,828$1,375$1,023$754$552
26 years$2,281$1,718$1,275$935$679$489
27 years$2,173$1,617$1,184$856$612$434
28 years$2,073$1,523$1,101$785$553$386
29 years$1,980$1,437$1,025$719$499$343
30 years$1,893$1,357$954$660$451$305
31 years$1,812$1,283$890$606$408$271
32 years$1,736$1,214$830$557$369$241
33 years$1,665$1,150$775$512$334$215
34 years$1,599$1,090$724$472$302$191
35 years$1,536$1,033$677$434$274$170
36 years$1,477$981$633$400$248$152
37 years$1,421$932$593$368$225$135
38 years$1,369$885$555$339$204$121
39 years$1,319$842$520$313$185$108
40 years$1,271$801$488$289$168$96
41 years$1,227$762$457$266$152$85
42 years$1,184$726$429$246$138$76
43 years$1,144$692$402$227$125$68
44 years$1,105$659$378$210$114$61
45 years$1,068$629$355$194$103$54
46 years$1,033$600$333$179$94$48
47 years$1,000$573$313$165$85$43
48 years$968$547$294$153$77$38
49 years$937$522$276$141$70$34
50 years$908$499$260$130$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $930,000, adding $5,581 every year, while hoping to spend $58,231 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: 25/46/29 Blend
44$930,000$930,000$930,000$930,000
45$1,030,617$981,327$966,912$1,046,930
46$1,073,782$967,454$937,346$1,047,178
47$1,119,399$950,951$904,838$1,042,151
48$1,167,656$931,625$869,228$1,035,564
49$1,218,758$909,276$830,349$1,027,325
50$1,272,931$883,690$788,025$1,017,342
51$1,330,420$854,641$742,073$1,005,518
52$1,391,493$821,889$692,304$991,755
53$1,456,446$785,182$638,516$975,951
54$1,525,598$744,251$580,502$958,004
55$1,599,303$698,813$518,042$937,809
56$1,677,946$648,569$450,911$915,259
57$1,761,949$593,202$378,869$890,246
58$1,851,776$532,376$301,668$862,663
59$1,947,933$465,738$219,050$832,401
60$2,050,977$392,915$130,743$799,351
61$2,161,519$313,510$36,466$763,407
62$2,280,228$227,106$0$724,463
63$2,407,841$133,263$0$702,266
64$2,545,163$31,515$0$690,201
65$2,693,081$0$0$676,978
66$2,852,569$0$0$702,415
67$3,024,695$0$0$747,207
68$3,210,635$0$0$795,721
69$3,411,679$0$0$848,312
70$3,629,248$0$0$905,366
71$3,864,900$0$0$967,312
72$4,120,350$0$0$1,034,618
73$4,397,486$0$0$1,107,802
74$4,698,380$0$0$1,187,432
75$5,025,315$0$0$1,274,133
76$5,380,799$0$0$1,368,593
77$5,767,594$0$0$1,471,570
78$6,188,738$0$0$1,583,897
79$6,647,574$0$0$1,706,491
80$7,147,779$0$0$1,840,363
81$7,693,404$0$0$1,986,624
82$8,288,903$0$0$2,146,497
83$8,939,182$0$0$2,321,331
84$9,649,642$0$0$2,512,608
85$10,426,226$0$0$2,721,962
86$11,275,480$0$0$2,951,192
87$12,204,611$0$0$3,202,278
88$13,221,551$0$0$3,477,403
89$14,335,040$0$0$3,778,967
90$15,554,699$0$0$4,109,617
91$16,891,124$0$0$4,472,268
92$18,355,985$0$0$4,870,128
93$19,962,133$0$0$5,306,733
94$21,723,724$0$0$5,785,977
95$23,656,349$0$0$6,312,150
96$25,777,181$0$0$6,889,976
97$28,105,137$0$0$7,524,661
98$30,661,052$0$0$8,221,939
99$33,467,881$0$0$8,988,127
100$36,550,907$0$0$9,830,184