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%12.6%
1 years$77,211$76,524$75,853$75,198$74,558$73,749
2 years$38,223$37,512$36,822$36,153$35,504$34,689
3 years$25,229$24,514$23,826$23,163$22,525$21,730
4 years$18,733$18,021$17,339$16,688$16,065$15,296
5 years$14,837$14,128$13,456$12,818$12,212$11,471
6 years$12,240$11,537$10,874$10,251$9,663$8,951
7 years$10,386$9,689$9,037$8,428$7,859$7,176
8 years$8,996$8,305$7,664$7,070$6,520$5,866
9 years$7,915$7,231$6,601$6,022$5,491$4,866
10 years$7,051$6,374$5,755$5,191$4,678$4,082
11 years$6,345$5,674$5,066$4,518$4,023$3,456
12 years$5,757$5,093$4,496$3,963$3,487$2,946
13 years$5,260$4,602$4,017$3,498$3,040$2,527
14 years$4,834$4,183$3,609$3,105$2,665$2,178
15 years$4,465$3,822$3,259$2,769$2,347$1,885
16 years$4,142$3,506$2,955$2,480$2,074$1,637
17 years$3,858$3,229$2,689$2,228$1,839$1,425
18 years$3,606$2,984$2,454$2,008$1,635$1,245
19 years$3,380$2,765$2,247$1,814$1,457$1,089
20 years$3,178$2,570$2,062$1,643$1,302$955
21 years$2,995$2,394$1,897$1,491$1,165$838
22 years$2,828$2,234$1,748$1,356$1,044$737
23 years$2,677$2,090$1,614$1,235$937$649
24 years$2,538$1,958$1,493$1,126$842$572
25 years$2,411$1,837$1,383$1,029$758$504
26 years$2,293$1,727$1,282$941$683$445
27 years$2,185$1,625$1,191$861$616$393
28 years$2,084$1,531$1,107$789$556$348
29 years$1,990$1,445$1,030$723$502$307
30 years$1,903$1,364$959$664$453$272
31 years$1,822$1,290$894$610$410$241
32 years$1,746$1,220$835$560$371$213
33 years$1,674$1,156$779$515$335$189
34 years$1,607$1,095$728$474$304$167
35 years$1,544$1,039$681$436$275$148
36 years$1,485$986$637$402$249$131
37 years$1,429$937$596$370$226$117
38 years$1,376$890$558$341$205$103
39 years$1,326$846$523$315$186$92
40 years$1,278$805$490$290$168$81
41 years$1,233$767$460$268$153$72
42 years$1,190$730$431$247$139$64
43 years$1,150$696$405$228$126$57
44 years$1,111$663$380$211$114$50
45 years$1,074$632$357$195$104$45
46 years$1,039$603$335$180$94$40
47 years$1,005$576$315$166$86$35
48 years$973$549$296$153$78$31
49 years$942$525$278$142$71$28
50 years$913$501$261$131$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $935,000, adding $4,276 every year, while hoping to spend $27,026 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: 42/36/22 Blend
44$935,000$935,000$935,000$935,000
45$1,034,781$985,226$970,733$1,071,415
46$1,111,573$1,004,746$974,497$1,117,435
47$1,195,292$1,024,318$977,482$1,164,315
48$1,286,616$1,043,914$979,632$1,214,536
49$1,386,292$1,063,506$980,890$1,268,420
50$1,495,140$1,083,064$981,196$1,326,322
51$1,614,065$1,102,556$980,488$1,388,635
52$1,744,064$1,121,944$978,697$1,455,790
53$1,886,230$1,141,192$975,756$1,528,264
54$2,041,773$1,160,257$971,591$1,606,585
55$2,212,020$1,179,096$966,125$1,691,332
56$2,398,434$1,197,660$959,279$1,783,147
57$2,602,628$1,215,899$950,968$1,882,738
58$2,826,375$1,233,757$941,105$1,990,885
59$3,071,631$1,251,176$929,597$2,108,450
60$3,340,547$1,268,094$916,348$2,236,383
61$3,635,494$1,284,441$901,257$2,375,734
62$3,959,083$1,300,148$884,218$2,527,659
63$4,314,190$1,315,136$865,120$2,693,436
64$4,703,984$1,329,325$843,848$2,874,474
65$5,131,954$1,342,625$820,281$3,072,327
66$5,601,944$1,354,944$794,291$3,288,711
67$6,118,189$1,366,183$765,746$3,525,518
68$6,685,353$1,376,235$734,508$3,784,835
69$7,308,576$1,384,987$700,431$4,068,966
70$7,993,519$1,392,320$663,363$4,380,452
71$8,746,420$1,398,105$623,148$4,722,095
72$9,574,150$1,402,208$579,618$5,096,987
73$10,484,279$1,404,482$532,602$5,508,537
74$11,485,149$1,404,775$481,917$5,960,509
75$12,585,949$1,402,924$427,376$6,457,049
76$13,796,804$1,398,755$368,782$7,002,736
77$15,128,870$1,392,086$305,927$7,602,615
78$16,594,437$1,382,721$238,599$8,262,254
79$18,207,048$1,370,453$166,570$8,987,791
80$19,981,625$1,355,063$89,609$9,785,996
81$21,934,609$1,336,319$7,469$10,664,337
82$24,084,116$1,313,975$0$11,631,047
83$26,450,105$1,287,770$0$12,714,029
84$29,054,572$1,257,426$0$13,907,566
85$31,921,751$1,222,653$0$15,221,010
86$35,078,346$1,183,139$0$16,666,602
87$38,553,782$1,138,558$0$18,257,838
88$42,380,481$1,088,561$0$20,009,591
89$46,594,172$1,032,782$0$21,938,260
90$51,234,222$970,833$0$24,061,918
91$56,344,012$902,303$0$26,400,488
92$61,971,343$826,758$0$28,975,930
93$68,168,890$743,738$0$31,812,449
94$74,994,695$652,760$0$34,936,727
95$82,512,718$553,310$0$38,378,172
96$90,793,440$444,846$0$42,169,200
97$99,914,524$326,797$0$46,345,542
98$109,961,554$198,559$0$50,946,579
99$121,028,837$59,493$0$56,015,718
100$133,220,296$0$0$61,600,805