Can I retire at age 45 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$76,964$76,278$75,609$74,956$74,319$72,998
2 years$38,101$37,391$36,704$36,037$35,390$34,063
3 years$25,148$24,436$23,750$23,089$22,453$21,162
4 years$18,673$17,963$17,284$16,634$16,014$14,769
5 years$14,789$14,083$13,413$12,777$12,173$10,978
6 years$12,201$11,500$10,840$10,218$9,632$8,488
7 years$10,353$9,658$9,008$8,401$7,834$6,740
8 years$8,967$8,278$7,639$7,047$6,499$5,456
9 years$7,890$7,208$6,580$6,002$5,473$4,481
10 years$7,029$6,353$5,736$5,174$4,663$3,720
11 years$6,325$5,656$5,050$4,503$4,010$3,116
12 years$5,738$5,076$4,482$3,950$3,475$2,628
13 years$5,243$4,588$4,004$3,487$3,031$2,229
14 years$4,818$4,170$3,598$3,095$2,657$1,899
15 years$4,450$3,809$3,248$2,761$2,339$1,625
16 years$4,129$3,495$2,945$2,472$2,067$1,394
17 years$3,846$3,219$2,680$2,221$1,833$1,200
18 years$3,594$2,974$2,446$2,001$1,630$1,035
19 years$3,370$2,757$2,240$1,809$1,453$894
20 years$3,168$2,562$2,055$1,638$1,298$774
21 years$2,985$2,386$1,891$1,487$1,161$671
22 years$2,819$2,227$1,742$1,352$1,041$582
23 years$2,668$2,083$1,609$1,231$934$506
24 years$2,530$1,952$1,488$1,123$840$440
25 years$2,403$1,832$1,378$1,025$756$383
26 years$2,286$1,721$1,278$937$681$334
27 years$2,178$1,620$1,187$858$614$291
28 years$2,077$1,527$1,103$786$554$253
29 years$1,984$1,440$1,027$721$500$221
30 years$1,897$1,360$956$662$452$193
31 years$1,816$1,286$892$608$408$168
32 years$1,740$1,217$832$558$369$147
33 years$1,669$1,152$777$514$334$128
34 years$1,602$1,092$726$473$303$112
35 years$1,539$1,036$679$435$274$98
36 years$1,480$983$635$401$248$86
37 years$1,424$934$594$369$225$75
38 years$1,372$887$556$340$204$65
39 years$1,322$844$521$314$185$57
40 years$1,274$803$489$289$168$50
41 years$1,229$764$458$267$152$44
42 years$1,187$728$430$246$138$38
43 years$1,146$693$403$227$125$33
44 years$1,107$661$379$210$114$29
45 years$1,071$630$355$194$103$26
46 years$1,035$601$334$179$94$22
47 years$1,002$574$314$166$85$20
48 years$970$548$295$153$77$17
49 years$939$523$277$141$70$15
50 years$910$500$260$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $932,000, adding $2,479 every year, while hoping to spend $44,135 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: 60/12/28 Blend
44$932,000$932,000$932,000$932,000
45$1,029,621$980,225$965,779$1,083,458
46$1,087,683$981,297$951,173$1,121,543
47$1,150,188$980,942$934,599$1,158,143
48$1,217,543$979,044$915,944$1,197,158
49$1,290,194$975,479$895,090$1,238,831
50$1,368,633$970,115$871,914$1,283,437
51$1,453,397$962,815$846,287$1,331,276
52$1,545,080$953,429$818,074$1,382,683
53$1,644,332$941,802$787,134$1,438,028
54$1,751,871$927,767$753,319$1,497,722
55$1,868,483$911,148$716,477$1,562,217
56$1,995,034$891,760$676,444$1,632,017
57$2,132,476$869,405$633,053$1,707,677
58$2,281,856$843,874$586,129$1,789,813
59$2,444,327$814,945$535,485$1,879,107
60$2,621,156$782,385$480,932$1,976,310
61$2,813,739$745,946$422,268$2,082,257
62$3,023,609$705,367$359,283$2,197,868
63$3,252,456$660,369$291,758$2,324,163
64$3,502,140$610,660$219,465$2,462,268
65$3,774,706$555,931$142,165$2,613,428
66$4,072,408$495,853$59,609$2,779,020
67$4,397,724$430,081$0$2,960,564
68$4,753,386$358,248$0$3,168,253
69$5,142,399$279,970$0$3,414,992
70$5,568,072$194,837$0$3,685,088
71$6,034,050$102,418$0$3,980,896
72$6,544,346$2,260$0$4,305,011
73$7,103,379$0$0$4,660,296
74$7,716,015$0$0$5,063,915
75$8,387,616$0$0$5,506,783
76$9,124,084$0$0$5,992,504
77$9,931,921$0$0$6,525,375
78$10,818,289$0$0$7,110,130
79$11,791,075$0$0$7,751,985
80$12,858,969$0$0$8,456,682
81$14,031,542$0$0$9,230,548
82$15,319,338$0$0$10,080,555
83$16,733,971$0$0$11,014,380
84$18,288,237$0$0$12,040,482
85$19,996,231$0$0$13,168,179
86$21,873,482$0$0$14,407,738
87$23,937,099$0$0$15,770,468
88$26,205,928$0$0$17,268,831
89$28,700,737$0$0$18,916,554
90$31,444,402$0$0$20,728,764
91$34,462,132$0$0$22,722,125
92$37,781,698$0$0$24,914,999
93$41,433,699$0$0$27,327,615
94$45,451,849$0$0$29,982,263
95$49,873,296$0$0$32,903,503
96$54,738,969$0$0$36,118,395
97$60,093,967$0$0$39,656,757
98$65,987,981$0$0$43,551,441
99$72,475,763$0$0$47,838,649
100$79,617,646$0$0$52,558,268