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%14.7%
1 years$77,211$76,524$75,853$75,198$74,558$73,113
2 years$38,223$37,512$36,822$36,153$35,504$34,053
3 years$25,229$24,514$23,826$23,163$22,525$21,115
4 years$18,733$18,021$17,339$16,688$16,065$14,706
5 years$14,837$14,128$13,456$12,818$12,212$10,908
6 years$12,240$11,537$10,874$10,251$9,663$8,416
7 years$10,386$9,689$9,037$8,428$7,859$6,668
8 years$8,996$8,305$7,664$7,070$6,520$5,385
9 years$7,915$7,231$6,601$6,022$5,491$4,412
10 years$7,051$6,374$5,755$5,191$4,678$3,654
11 years$6,345$5,674$5,066$4,518$4,023$3,053
12 years$5,757$5,093$4,496$3,963$3,487$2,568
13 years$5,260$4,602$4,017$3,498$3,040$2,172
14 years$4,834$4,183$3,609$3,105$2,665$1,846
15 years$4,465$3,822$3,259$2,769$2,347$1,575
16 years$4,142$3,506$2,955$2,480$2,074$1,348
17 years$3,858$3,229$2,689$2,228$1,839$1,156
18 years$3,606$2,984$2,454$2,008$1,635$994
19 years$3,380$2,765$2,247$1,814$1,457$857
20 years$3,178$2,570$2,062$1,643$1,302$740
21 years$2,995$2,394$1,897$1,491$1,165$639
22 years$2,828$2,234$1,748$1,356$1,044$553
23 years$2,677$2,090$1,614$1,235$937$479
24 years$2,538$1,958$1,493$1,126$842$415
25 years$2,411$1,837$1,383$1,029$758$360
26 years$2,293$1,727$1,282$941$683$313
27 years$2,185$1,625$1,191$861$616$272
28 years$2,084$1,531$1,107$789$556$236
29 years$1,990$1,445$1,030$723$502$205
30 years$1,903$1,364$959$664$453$178
31 years$1,822$1,290$894$610$410$155
32 years$1,746$1,220$835$560$371$135
33 years$1,674$1,156$779$515$335$118
34 years$1,607$1,095$728$474$304$102
35 years$1,544$1,039$681$436$275$89
36 years$1,485$986$637$402$249$78
37 years$1,429$937$596$370$226$68
38 years$1,376$890$558$341$205$59
39 years$1,326$846$523$315$186$51
40 years$1,278$805$490$290$168$45
41 years$1,233$767$460$268$153$39
42 years$1,190$730$431$247$139$34
43 years$1,150$696$405$228$126$30
44 years$1,111$663$380$211$114$26
45 years$1,074$632$357$195$104$22
46 years$1,039$603$335$180$94$20
47 years$1,005$576$315$166$86$17
48 years$973$549$296$153$78$15
49 years$942$525$278$142$71$13
50 years$913$501$261$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $935,000, adding $6,436 every year, while hoping to spend $55,812 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: 58/12/30 Blend
44$935,000$935,000$935,000$935,000
45$1,037,009$987,454$972,961$1,088,283
46$1,083,400$976,455$946,172$1,113,202
47$1,132,653$963,048$916,615$1,133,971
48$1,185,000$947,053$884,138$1,155,491
49$1,240,696$928,285$848,582$1,177,852
50$1,300,020$906,544$809,783$1,201,158
51$1,363,277$881,620$767,566$1,225,522
52$1,430,803$853,291$721,751$1,251,074
53$1,502,963$821,320$672,147$1,277,961
54$1,580,159$785,458$618,558$1,306,346
55$1,662,831$745,442$560,776$1,336,415
56$1,751,464$700,993$498,586$1,368,374
57$1,846,586$651,814$431,761$1,402,454
58$1,948,779$597,595$360,067$1,438,915
59$2,058,683$538,005$283,257$1,478,049
60$2,176,997$472,695$201,074$1,520,179
61$2,304,491$401,298$113,251$1,565,668
62$2,442,011$323,424$19,507$1,614,921
63$2,590,486$238,661$0$1,668,389
64$2,750,936$146,576$0$1,752,355
65$2,924,482$46,709$0$1,849,940
66$3,112,359$0$0$1,955,619
67$3,315,920$0$0$2,078,304
68$3,536,657$0$0$2,218,096
69$3,776,209$0$0$2,369,872
70$4,036,377$0$0$2,534,784
71$4,319,145$0$0$2,714,097
72$4,626,693$0$0$2,909,204
73$4,961,422$0$0$3,121,637
74$5,325,971$0$0$3,353,083
75$5,723,247$0$0$3,605,397
76$6,156,446$0$0$3,880,622
77$6,629,089$0$0$4,181,005
78$7,145,049$0$0$4,509,021
79$7,708,591$0$0$4,867,393
80$8,324,408$0$0$5,259,120
81$8,997,669$0$0$5,687,504
82$9,734,064$0$0$6,156,180
83$10,539,859$0$0$6,669,150
84$11,421,951$0$0$7,230,822
85$12,387,939$0$0$7,846,049
86$13,446,186$0$0$8,520,176
87$14,605,908$0$0$9,259,090
88$15,877,249$0$0$10,069,273
89$17,271,386$0$0$10,957,867
90$18,800,627$0$0$11,932,735
91$20,478,528$0$0$13,002,540
92$22,320,023$0$0$14,176,825
93$24,341,560$0$0$15,466,099
94$26,561,258$0$0$16,881,942
95$28,999,076$0$0$18,437,106
96$31,677,001$0$0$20,145,644
97$34,619,255$0$0$22,023,033
98$37,852,522$0$0$24,086,325
99$41,406,199$0$0$26,354,307
100$45,312,671$0$0$28,847,675