Can I retire at age 45 with 935,000?

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 $935,000?

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%
1 years$77,211$76,524$75,853$75,198$74,558$72,404
2 years$38,223$37,512$36,822$36,153$35,504$33,350
3 years$25,229$24,514$23,826$23,163$22,525$20,440
4 years$18,733$18,021$17,339$16,688$16,065$14,065
5 years$14,837$14,128$13,456$12,818$12,212$10,302
6 years$12,240$11,537$10,874$10,251$9,663$7,844
7 years$10,386$9,689$9,037$8,428$7,859$6,132
8 years$8,996$8,305$7,664$7,070$6,520$4,883
9 years$7,915$7,231$6,601$6,022$5,491$3,943
10 years$7,051$6,374$5,755$5,191$4,678$3,217
11 years$6,345$5,674$5,066$4,518$4,023$2,647
12 years$5,757$5,093$4,496$3,963$3,487$2,192
13 years$5,260$4,602$4,017$3,498$3,040$1,825
14 years$4,834$4,183$3,609$3,105$2,665$1,526
15 years$4,465$3,822$3,259$2,769$2,347$1,280
16 years$4,142$3,506$2,955$2,480$2,074$1,077
17 years$3,858$3,229$2,689$2,228$1,839$908
18 years$3,606$2,984$2,454$2,008$1,635$767
19 years$3,380$2,765$2,247$1,814$1,457$649
20 years$3,178$2,570$2,062$1,643$1,302$550
21 years$2,995$2,394$1,897$1,491$1,165$467
22 years$2,828$2,234$1,748$1,356$1,044$396
23 years$2,677$2,090$1,614$1,235$937$337
24 years$2,538$1,958$1,493$1,126$842$287
25 years$2,411$1,837$1,383$1,029$758$244
26 years$2,293$1,727$1,282$941$683$208
27 years$2,185$1,625$1,191$861$616$177
28 years$2,084$1,531$1,107$789$556$151
29 years$1,990$1,445$1,030$723$502$129
30 years$1,903$1,364$959$664$453$110
31 years$1,822$1,290$894$610$410$93
32 years$1,746$1,220$835$560$371$80
33 years$1,674$1,156$779$515$335$68
34 years$1,607$1,095$728$474$304$58
35 years$1,544$1,039$681$436$275$50
36 years$1,485$986$637$402$249$42
37 years$1,429$937$596$370$226$36
38 years$1,376$890$558$341$205$31
39 years$1,326$846$523$315$186$26
40 years$1,278$805$490$290$168$22
41 years$1,233$767$460$268$153$19
42 years$1,190$730$431$247$139$16
43 years$1,150$696$405$228$126$14
44 years$1,111$663$380$211$114$12
45 years$1,074$632$357$195$104$10
46 years$1,039$603$335$180$94$9
47 years$1,005$576$315$166$86$7
48 years$973$549$296$153$78$6
49 years$942$525$278$142$71$5
50 years$913$501$261$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $935,000, adding $3,120 every year, while hoping to spend $54,677 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: 48/39/13 Blend
44$935,000$935,000$935,000$935,000
45$1,033,588$984,033$969,541$1,079,334
46$1,080,838$974,075$943,844$1,101,248
47$1,131,075$961,796$915,455$1,119,116
48$1,184,546$947,026$884,224$1,137,298
49$1,241,522$929,581$849,997$1,155,842
50$1,302,297$909,271$812,612$1,174,803
51$1,367,197$885,891$771,900$1,194,248
52$1,436,577$859,225$727,685$1,214,253
53$1,510,826$829,046$679,780$1,234,904
54$1,590,372$795,111$627,995$1,256,305
55$1,675,683$757,164$572,125$1,278,570
56$1,767,273$714,935$511,962$1,301,834
57$1,865,706$668,139$447,284$1,326,247
58$1,971,602$616,471$377,862$1,351,984
59$2,085,641$559,613$303,455$1,379,240
60$2,208,568$497,227$223,814$1,408,240
61$2,341,206$428,955$138,675$1,439,235
62$2,484,455$354,419$47,766$1,472,512
63$2,639,305$273,221$0$1,508,393
64$2,806,844$184,940$0$1,554,073
65$2,988,271$89,130$0$1,610,645
66$3,184,899$0$0$1,671,980
67$3,398,176$0$0$1,744,939
68$3,629,693$0$0$1,865,747
69$3,881,198$0$0$1,997,075
70$4,154,617$0$0$2,139,941
71$4,452,068$0$0$2,295,464
72$4,775,879$0$0$2,464,873
73$5,128,615$0$0$2,649,522
74$5,513,096$0$0$2,850,903
75$5,932,426$0$0$3,070,655
76$6,390,024$0$0$3,310,584
77$6,889,651$0$0$3,572,678
78$7,435,446$0$0$3,859,124
79$8,031,969$0$0$4,172,332
80$8,684,237$0$0$4,514,954
81$9,397,777$0$0$4,889,910
82$10,178,671$0$0$5,300,416
83$11,033,620$0$0$5,750,013
84$11,970,000$0$0$6,242,602
85$12,995,936$0$0$6,782,476
86$14,120,375$0$0$7,374,366
87$15,353,171$0$0$8,023,481
88$16,705,176$0$0$8,735,559
89$18,188,344$0$0$9,516,920
90$19,815,842$0$0$10,374,525
91$21,602,171$0$0$11,316,043
92$23,563,306$0$0$12,349,920
93$25,716,846$0$0$13,485,462
94$28,082,174$0$0$14,732,917
95$30,680,645$0$0$16,103,580
96$33,535,784$0$0$17,609,888
97$36,673,508$0$0$19,265,549
98$40,122,366$0$0$21,085,659
99$43,913,816$0$0$23,086,854
100$48,082,511$0$0$25,287,460