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%17%
1 years$76,799$76,114$75,447$74,796$74,160$72,046
2 years$38,019$37,311$36,625$35,959$35,314$33,201
3 years$25,094$24,383$23,699$23,040$22,405$20,358
4 years$18,633$17,924$17,247$16,599$15,979$14,015
5 years$14,757$14,053$13,384$12,749$12,147$10,271
6 years$12,175$11,475$10,816$10,196$9,612$7,825
7 years$10,330$9,637$8,988$8,383$7,817$6,120
8 years$8,948$8,261$7,623$7,032$6,485$4,877
9 years$7,873$7,192$6,566$5,990$5,461$3,940
10 years$7,014$6,340$5,724$5,163$4,653$3,217
11 years$6,311$5,644$5,039$4,493$4,002$2,649
12 years$5,726$5,066$4,472$3,941$3,468$2,195
13 years$5,231$4,578$3,996$3,480$3,024$1,828
14 years$4,808$4,161$3,590$3,089$2,651$1,530
15 years$4,441$3,801$3,241$2,755$2,334$1,284
16 years$4,120$3,488$2,939$2,467$2,063$1,081
17 years$3,838$3,212$2,674$2,216$1,829$912
18 years$3,587$2,968$2,441$1,997$1,626$771
19 years$3,362$2,751$2,235$1,805$1,450$653
20 years$3,161$2,556$2,051$1,634$1,295$554
21 years$2,979$2,381$1,887$1,483$1,159$470
22 years$2,813$2,222$1,739$1,349$1,039$400
23 years$2,662$2,079$1,605$1,228$932$340
24 years$2,524$1,948$1,485$1,120$838$290
25 years$2,398$1,828$1,375$1,023$754$247
26 years$2,281$1,718$1,275$935$679$210
27 years$2,173$1,617$1,184$856$612$179
28 years$2,073$1,523$1,101$785$553$153
29 years$1,980$1,437$1,025$719$499$130
30 years$1,893$1,357$954$660$451$111
31 years$1,812$1,283$890$606$408$95
32 years$1,736$1,214$830$557$369$81
33 years$1,665$1,150$775$512$334$69
34 years$1,599$1,090$724$472$302$59
35 years$1,536$1,033$677$434$274$51
36 years$1,477$981$633$400$248$43
37 years$1,421$932$593$368$225$37
38 years$1,369$885$555$339$204$31
39 years$1,319$842$520$313$185$27
40 years$1,271$801$488$289$168$23
41 years$1,227$762$457$266$152$20
42 years$1,184$726$429$246$138$17
43 years$1,144$692$402$227$125$14
44 years$1,105$659$378$210$114$12
45 years$1,068$629$355$194$103$10
46 years$1,033$600$333$179$94$9
47 years$1,000$573$313$165$85$8
48 years$968$547$294$153$77$7
49 years$937$522$276$141$70$6
50 years$908$499$260$130$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $930,000, adding $2,148 every year, while hoping to spend $52,491 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: 66/5/29 Blend
44$930,000$930,000$930,000$930,000
45$1,027,076$977,786$963,371$1,086,858
46$1,075,987$969,847$939,794$1,119,565
47$1,128,129$959,760$913,667$1,149,269
48$1,183,774$947,365$884,851$1,180,598
49$1,243,223$932,490$853,198$1,213,718
50$1,306,805$914,955$818,553$1,248,813
51$1,374,881$894,569$780,757$1,286,087
52$1,447,846$871,131$739,639$1,325,766
53$1,526,135$844,424$695,025$1,368,103
54$1,610,223$814,224$646,731$1,413,378
55$1,700,633$780,288$594,564$1,461,899
56$1,797,940$742,364$538,324$1,514,012
57$1,902,773$700,183$477,801$1,570,097
58$2,015,824$653,461$412,776$1,630,579
59$2,137,854$601,896$343,020$1,695,925
60$2,269,698$545,172$268,294$1,766,656
61$2,412,275$482,953$188,349$1,843,346
62$2,566,592$414,883$102,925$1,926,634
63$2,733,761$340,589$11,749$2,017,225
64$2,915,000$259,673$0$2,115,902
65$3,111,651$171,718$0$2,250,000
66$3,325,189$76,282$0$2,399,607
67$3,557,237$0$0$2,562,237
68$3,809,579$0$0$2,740,653
69$4,084,180$0$0$2,939,426
70$4,383,199$0$0$3,155,930
71$4,709,015$0$0$3,391,893
72$5,064,245$0$0$3,649,217
73$5,451,767$0$0$3,929,995
74$5,874,752$0$0$4,236,533
75$6,336,690$0$0$4,571,366
76$6,841,420$0$0$4,937,287
77$7,393,172$0$0$5,337,371
78$7,996,601$0$0$5,775,002
79$8,656,834$0$0$6,253,909
80$9,379,515$0$0$6,778,194
81$10,170,860$0$0$7,352,378
82$11,037,712$0$0$7,981,436
83$11,987,611$0$0$8,670,851
84$13,028,856$0$0$9,426,659
85$14,170,592$0$0$10,255,507
86$15,422,888$0$0$11,164,719
87$16,796,835$0$0$12,162,360
88$18,304,650$0$0$13,257,313
89$19,959,791$0$0$14,459,365
90$21,777,080$0$0$15,779,295
91$23,772,846$0$0$17,228,978
92$25,965,077$0$0$18,821,495
93$28,373,589$0$0$20,571,256
94$31,020,211$0$0$22,494,136
95$33,928,994$0$0$24,607,626
96$37,126,430$0$0$26,930,993
97$40,641,711$0$0$29,485,465
98$44,506,994$0$0$32,294,430
99$48,757,711$0$0$35,383,655
100$53,432,898$0$0$38,781,529