Can I retire at age 45 with 934,000?

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 $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%18.6%
1 years$77,129$76,442$75,772$75,117$74,478$71,893
2 years$38,183$37,471$36,782$36,114$35,466$32,888
3 years$25,202$24,488$23,801$23,139$22,501$20,011
4 years$18,713$18,001$17,321$16,670$16,048$13,666
5 years$14,821$14,113$13,442$12,804$12,199$9,931
6 years$12,227$11,525$10,863$10,240$9,653$7,500
7 years$10,375$9,678$9,027$8,419$7,850$5,812
8 years$8,986$8,296$7,656$7,062$6,513$4,588
9 years$7,907$7,223$6,594$6,015$5,485$3,671
10 years$7,044$6,367$5,749$5,185$4,673$2,968
11 years$6,338$5,668$5,061$4,513$4,019$2,418
12 years$5,751$5,087$4,492$3,958$3,483$1,983
13 years$5,254$4,597$4,013$3,495$3,037$1,634
14 years$4,828$4,179$3,606$3,102$2,662$1,352
15 years$4,460$3,818$3,255$2,767$2,344$1,122
16 years$4,138$3,503$2,951$2,477$2,072$934
17 years$3,854$3,226$2,686$2,226$1,837$779
18 years$3,602$2,981$2,452$2,006$1,633$651
19 years$3,377$2,763$2,244$1,812$1,456$544
20 years$3,174$2,567$2,060$1,641$1,300$456
21 years$2,991$2,391$1,895$1,490$1,164$383
22 years$2,825$2,232$1,746$1,355$1,043$321
23 years$2,674$2,088$1,612$1,234$936$270
24 years$2,535$1,956$1,491$1,125$842$227
25 years$2,408$1,836$1,381$1,028$757$191
26 years$2,291$1,725$1,281$940$682$160
27 years$2,182$1,624$1,189$860$615$135
28 years$2,082$1,530$1,106$788$555$114
29 years$1,988$1,443$1,029$723$501$96
30 years$1,901$1,363$958$663$453$81
31 years$1,820$1,288$894$609$409$68
32 years$1,744$1,219$834$560$370$57
33 years$1,673$1,155$778$515$335$48
34 years$1,606$1,094$727$474$303$41
35 years$1,543$1,038$680$436$275$34
36 years$1,483$985$636$401$249$29
37 years$1,427$936$595$370$226$24
38 years$1,374$889$558$341$205$20
39 years$1,324$846$522$314$186$17
40 years$1,277$804$490$290$168$15
41 years$1,232$766$459$268$153$12
42 years$1,189$729$431$247$139$10
43 years$1,148$695$404$228$126$9
44 years$1,110$662$379$210$114$7
45 years$1,073$632$356$194$104$6
46 years$1,038$603$335$180$94$5
47 years$1,004$575$314$166$85$4
48 years$972$549$295$153$78$4
49 years$941$524$278$142$70$3
50 years$912$501$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $934,000, adding $6,127 every year, while hoping to spend $51,127 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: 35/50/15 Blend
44$934,000$934,000$934,000$934,000
45$1,035,588$986,086$971,609$1,066,840
46$1,086,819$980,005$949,759$1,083,984
47$1,141,563$971,913$925,464$1,097,199
48$1,200,122$961,657$898,587$1,110,355
49$1,262,831$949,076$868,987$1,123,473
50$1,330,057$933,997$836,514$1,136,581
51$1,402,199$916,239$801,014$1,149,716
52$1,479,698$895,610$762,323$1,162,920
53$1,563,039$871,906$720,272$1,176,248
54$1,652,752$844,912$674,684$1,189,763
55$1,749,418$814,399$625,372$1,203,542
56$1,853,680$780,126$572,143$1,217,675
57$1,966,240$741,836$514,794$1,232,268
58$2,087,870$699,260$453,114$1,247,445
59$2,219,421$652,112$386,881$1,263,350
60$2,361,825$600,089$315,865$1,280,147
61$2,516,110$542,871$239,825$1,298,028
62$2,683,403$480,121$158,508$1,317,213
63$2,864,945$411,483$71,653$1,337,951
64$3,062,101$336,577$0$1,360,530
65$3,276,373$255,007$0$1,388,642
66$3,509,411$166,350$0$1,431,747
67$3,763,033$70,163$0$1,478,833
68$4,039,237$0$0$1,530,424
69$4,340,225$0$0$1,605,828
70$4,668,416$0$0$1,730,263
71$5,026,475$0$0$1,866,151
72$5,417,336$0$0$2,014,620
73$5,844,227$0$0$2,176,914
74$6,310,701$0$0$2,354,402
75$6,820,673$0$0$2,548,589
76$7,378,449$0$0$2,761,136
77$7,988,774$0$0$2,993,869
78$8,656,870$0$0$3,248,801
79$9,388,489$0$0$3,528,146
80$10,189,964$0$0$3,834,346
81$11,068,272$0$0$4,170,088
82$12,031,093$0$0$4,538,331
83$13,086,888$0$0$4,942,336
84$14,244,976$0$0$5,385,695
85$15,515,621$0$0$5,872,362
86$16,910,128$0$0$6,406,695
87$18,440,949$0$0$6,993,493
88$20,121,803$0$0$7,638,044
89$21,967,801$0$0$8,346,173
90$23,995,587$0$0$9,124,296
91$26,223,501$0$0$9,979,482
92$28,671,743$0$0$10,919,519
93$31,362,569$0$0$11,952,986
94$34,320,499$0$0$13,089,338
95$37,572,544$0$0$14,338,987
96$41,148,465$0$0$15,713,409
97$45,081,051$0$0$17,225,244
98$49,406,428$0$0$18,888,422
99$54,164,397$0$0$20,718,290
100$59,398,812$0$0$22,731,757