Can I retire at age 45 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$77,129$76,442$75,772$75,117$74,478$73,639
2 years$38,183$37,471$36,782$36,114$35,466$34,621
3 years$25,202$24,488$23,801$23,139$22,501$21,677
4 years$18,713$18,001$17,321$16,670$16,048$15,251
5 years$14,821$14,113$13,442$12,804$12,199$11,432
6 years$12,227$11,525$10,863$10,240$9,653$8,915
7 years$10,375$9,678$9,027$8,419$7,850$7,143
8 years$8,986$8,296$7,656$7,062$6,513$5,836
9 years$7,907$7,223$6,594$6,015$5,485$4,838
10 years$7,044$6,367$5,749$5,185$4,673$4,056
11 years$6,338$5,668$5,061$4,513$4,019$3,432
12 years$5,751$5,087$4,492$3,958$3,483$2,924
13 years$5,254$4,597$4,013$3,495$3,037$2,506
14 years$4,828$4,179$3,606$3,102$2,662$2,159
15 years$4,460$3,818$3,255$2,767$2,344$1,867
16 years$4,138$3,503$2,951$2,477$2,072$1,620
17 years$3,854$3,226$2,686$2,226$1,837$1,410
18 years$3,602$2,981$2,452$2,006$1,633$1,230
19 years$3,377$2,763$2,244$1,812$1,456$1,076
20 years$3,174$2,567$2,060$1,641$1,300$942
21 years$2,991$2,391$1,895$1,490$1,164$827
22 years$2,825$2,232$1,746$1,355$1,043$726
23 years$2,674$2,088$1,612$1,234$936$639
24 years$2,535$1,956$1,491$1,125$842$562
25 years$2,408$1,836$1,381$1,028$757$496
26 years$2,291$1,725$1,281$940$682$437
27 years$2,182$1,624$1,189$860$615$386
28 years$2,082$1,530$1,106$788$555$341
29 years$1,988$1,443$1,029$723$501$301
30 years$1,901$1,363$958$663$453$266
31 years$1,820$1,288$894$609$409$236
32 years$1,744$1,219$834$560$370$208
33 years$1,673$1,155$778$515$335$184
34 years$1,606$1,094$727$474$303$163
35 years$1,543$1,038$680$436$275$145
36 years$1,483$985$636$401$249$128
37 years$1,427$936$595$370$226$113
38 years$1,374$889$558$341$205$101
39 years$1,324$846$522$314$186$89
40 years$1,277$804$490$290$168$79
41 years$1,232$766$459$268$153$70
42 years$1,189$729$431$247$139$62
43 years$1,148$695$404$228$126$55
44 years$1,110$662$379$210$114$49
45 years$1,073$632$356$194$104$43
46 years$1,038$603$335$180$94$38
47 years$1,004$575$314$166$85$34
48 years$972$549$295$153$78$30
49 years$941$524$278$142$70$27
50 years$912$501$261$131$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $934,000, adding $5,619 every year, while hoping to spend $54,338 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: 40/47/13 Blend
44$934,000$934,000$934,000$934,000
45$1,035,064$985,562$971,085$1,072,243
46$1,082,825$976,039$945,801$1,089,541
47$1,133,637$964,229$917,849$1,102,485
48$1,187,753$949,961$887,082$1,115,299
49$1,245,451$933,057$853,347$1,127,998
50$1,307,036$913,325$816,482$1,140,599
51$1,372,840$890,565$776,321$1,153,129
52$1,443,230$864,563$732,688$1,165,620
53$1,518,606$835,093$685,400$1,178,112
54$1,599,408$801,916$634,265$1,190,657
55$1,686,117$764,780$579,082$1,203,314
56$1,779,264$723,416$519,644$1,216,158
57$1,879,427$677,542$455,731$1,229,275
58$1,987,246$626,859$387,115$1,242,769
59$2,103,420$571,050$313,558$1,256,760
60$2,228,718$509,781$234,812$1,271,390
61$2,363,986$442,698$150,616$1,286,822
62$2,510,150$369,428$60,699$1,303,244
63$2,668,232$289,577$0$1,320,874
64$2,839,353$202,727$0$1,344,852
65$3,024,746$108,440$0$1,379,875
66$3,225,765$6,249$0$1,417,884
67$3,443,902$0$0$1,459,294
68$3,680,796$0$0$1,558,531
69$3,938,250$0$0$1,670,002
70$4,218,248$0$0$1,791,347
71$4,522,972$0$0$1,923,526
72$4,854,824$0$0$2,067,594
73$5,216,445$0$0$2,224,716
74$5,610,744$0$0$2,396,170
75$6,040,922$0$0$2,583,366
76$6,510,501$0$0$2,787,853
77$7,023,359$0$0$3,011,338
78$7,583,766$0$0$3,255,702
79$8,196,421$0$0$3,523,013
80$8,866,498$0$0$3,815,549
81$9,599,696$0$0$4,135,820
82$10,402,288$0$0$4,486,587
83$11,281,182$0$0$4,870,893
84$12,243,986$0$0$5,292,088
85$13,299,078$0$0$5,753,864
86$14,455,685$0$0$6,260,282
87$15,723,968$0$0$6,815,820
88$17,115,122$0$0$7,425,409
89$18,641,473$0$0$8,094,478
90$20,316,601$0$0$8,829,010
91$22,155,464$0$0$9,635,594
92$24,174,538$0$0$10,521,490
93$26,391,972$0$0$11,494,694
94$28,827,762$0$0$12,564,015
95$31,503,932$0$0$13,739,158
96$34,444,747$0$0$15,030,814
97$37,676,938$0$0$16,450,763
98$41,229,956$0$0$18,011,980
99$45,136,246$0$0$19,728,764
100$49,431,554$0$0$21,616,866