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%12.5%
1 years$77,129$76,442$75,772$75,117$74,478$73,701
2 years$38,183$37,471$36,782$36,114$35,466$34,683
3 years$25,202$24,488$23,801$23,139$22,501$21,737
4 years$18,713$18,001$17,321$16,670$16,048$15,308
5 years$14,821$14,113$13,442$12,804$12,199$11,487
6 years$12,227$11,525$10,863$10,240$9,653$8,968
7 years$10,375$9,678$9,027$8,419$7,850$7,193
8 years$8,986$8,296$7,656$7,062$6,513$5,884
9 years$7,907$7,223$6,594$6,015$5,485$4,883
10 years$7,044$6,367$5,749$5,185$4,673$4,099
11 years$6,338$5,668$5,061$4,513$4,019$3,472
12 years$5,751$5,087$4,492$3,958$3,483$2,962
13 years$5,254$4,597$4,013$3,495$3,037$2,542
14 years$4,828$4,179$3,606$3,102$2,662$2,193
15 years$4,460$3,818$3,255$2,767$2,344$1,899
16 years$4,138$3,503$2,951$2,477$2,072$1,650
17 years$3,854$3,226$2,686$2,226$1,837$1,438
18 years$3,602$2,981$2,452$2,006$1,633$1,257
19 years$3,377$2,763$2,244$1,812$1,456$1,100
20 years$3,174$2,567$2,060$1,641$1,300$965
21 years$2,991$2,391$1,895$1,490$1,164$848
22 years$2,825$2,232$1,746$1,355$1,043$746
23 years$2,674$2,088$1,612$1,234$936$657
24 years$2,535$1,956$1,491$1,125$842$580
25 years$2,408$1,836$1,381$1,028$757$512
26 years$2,291$1,725$1,281$940$682$452
27 years$2,182$1,624$1,189$860$615$400
28 years$2,082$1,530$1,106$788$555$354
29 years$1,988$1,443$1,029$723$501$313
30 years$1,901$1,363$958$663$453$277
31 years$1,820$1,288$894$609$409$246
32 years$1,744$1,219$834$560$370$218
33 years$1,673$1,155$778$515$335$193
34 years$1,606$1,094$727$474$303$171
35 years$1,543$1,038$680$436$275$152
36 years$1,483$985$636$401$249$135
37 years$1,427$936$595$370$226$119
38 years$1,374$889$558$341$205$106
39 years$1,324$846$522$314$186$94
40 years$1,277$804$490$290$168$84
41 years$1,232$766$459$268$153$74
42 years$1,189$729$431$247$139$66
43 years$1,148$695$404$228$126$59
44 years$1,110$662$379$210$114$52
45 years$1,073$632$356$194$104$46
46 years$1,038$603$335$180$94$41
47 years$1,004$575$314$166$85$36
48 years$972$549$295$153$78$32
49 years$941$524$278$142$70$29
50 years$912$501$261$131$64$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $934,000, adding $2,859 every year, while hoping to spend $53,447 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: 65/24/11 Blend
44$934,000$934,000$934,000$934,000
45$1,032,217$982,715$968,238$1,096,618
46$1,080,636$974,001$943,807$1,131,219
47$1,132,202$963,068$916,766$1,162,476
48$1,187,181$949,753$886,971$1,195,269
49$1,245,861$933,878$854,273$1,229,743
50$1,308,561$915,260$818,513$1,266,063
51$1,375,628$893,702$779,527$1,304,409
52$1,447,444$868,995$737,143$1,344,984
53$1,524,428$840,920$691,182$1,388,010
54$1,607,038$809,244$641,455$1,433,738
55$1,695,779$773,720$587,767$1,482,444
56$1,791,203$734,087$529,912$1,534,435
57$1,893,918$690,070$467,676$1,590,052
58$2,004,591$641,376$400,836$1,649,675
59$2,123,952$587,697$329,158$1,713,723
60$2,252,808$528,707$252,397$1,782,664
61$2,392,042$464,061$170,300$1,857,015
62$2,542,626$393,396$82,600$1,937,350
63$2,705,627$316,325$0$2,024,306
64$2,882,218$232,443$0$2,119,879
65$3,073,692$141,320$0$2,233,990
66$3,281,467$42,503$0$2,357,838
67$3,507,104$0$0$2,492,420
68$3,752,320$0$0$2,655,868
69$4,019,004$0$0$2,845,889
70$4,309,235$0$0$3,052,744
71$4,625,298$0$0$3,278,070
72$4,969,710$0$0$3,523,669
73$5,345,240$0$0$3,791,523
74$5,754,935$0$0$4,083,813
75$6,202,151$0$0$4,402,943
76$6,690,579$0$0$4,751,555
77$7,224,285$0$0$5,132,560
78$7,807,743$0$0$5,549,162
79$8,445,882$0$0$6,004,890
80$9,144,126$0$0$6,503,628
81$9,908,449$0$0$7,049,654
82$10,745,430$0$0$7,647,678
83$11,662,311$0$0$8,302,887
84$12,667,070$0$0$9,020,996
85$13,768,494$0$0$9,808,294
86$14,976,259$0$0$10,671,713
87$16,301,023$0$0$11,618,884
88$17,754,523$0$0$12,658,214
89$19,349,691$0$0$13,798,963
90$21,100,768$0$0$15,051,331
91$23,023,444$0$0$16,426,554
92$25,134,999$0$0$17,937,010
93$27,454,474$0$0$19,596,333
94$30,002,839$0$0$21,419,544
95$32,803,200$0$0$23,423,190
96$35,881,010$0$0$25,625,503
97$39,264,311$0$0$28,046,565
98$42,983,997$0$0$30,708,505
99$47,074,105$0$0$33,635,700
100$51,572,134$0$0$36,855,008