Can I retire at age 45 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$77,377$76,687$76,015$75,359$74,718$73,090
2 years$38,305$37,592$36,900$36,230$35,580$33,948
3 years$25,283$24,567$23,877$23,213$22,573$20,988
4 years$18,773$18,059$17,376$16,724$16,099$14,574
5 years$14,869$14,159$13,485$12,845$12,239$10,776
6 years$12,266$11,562$10,898$10,273$9,684$8,287
7 years$10,408$9,709$9,056$8,446$7,876$6,544
8 years$9,015$8,323$7,680$7,085$6,534$5,266
9 years$7,932$7,246$6,615$6,035$5,502$4,299
10 years$7,067$6,387$5,767$5,202$4,688$3,547
11 years$6,359$5,686$5,077$4,527$4,032$2,952
12 years$5,769$5,104$4,506$3,971$3,494$2,474
13 years$5,271$4,612$4,026$3,506$3,047$2,084
14 years$4,844$4,192$3,617$3,112$2,671$1,764
15 years$4,474$3,830$3,266$2,775$2,352$1,499
16 years$4,151$3,514$2,961$2,485$2,078$1,277
17 years$3,866$3,236$2,694$2,233$1,843$1,091
18 years$3,614$2,990$2,460$2,012$1,639$934
19 years$3,388$2,771$2,252$1,818$1,460$801
20 years$3,185$2,575$2,066$1,647$1,305$689
21 years$3,001$2,399$1,901$1,495$1,167$592
22 years$2,834$2,239$1,752$1,359$1,046$510
23 years$2,682$2,094$1,617$1,238$939$440
24 years$2,543$1,962$1,496$1,129$844$379
25 years$2,416$1,841$1,386$1,031$760$328
26 years$2,298$1,731$1,285$943$684$283
27 years$2,189$1,629$1,193$863$617$245
28 years$2,088$1,535$1,109$790$557$212
29 years$1,995$1,448$1,032$725$503$183
30 years$1,907$1,367$962$665$454$158
31 years$1,826$1,293$896$611$411$137
32 years$1,750$1,223$836$561$371$119
33 years$1,678$1,158$781$516$336$103
34 years$1,611$1,098$730$475$304$89
35 years$1,548$1,041$682$437$276$77
36 years$1,488$988$638$403$250$67
37 years$1,432$939$597$371$226$58
38 years$1,379$892$559$342$205$50
39 years$1,329$848$524$315$186$44
40 years$1,281$807$491$291$169$38
41 years$1,236$768$461$268$153$33
42 years$1,193$732$432$248$139$28
43 years$1,152$697$405$229$126$25
44 years$1,113$664$381$211$114$21
45 years$1,076$634$357$195$104$18
46 years$1,041$604$336$180$94$16
47 years$1,007$577$315$166$86$14
48 years$975$551$296$154$78$12
49 years$944$526$278$142$71$10
50 years$915$502$262$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $937,000, adding $4,556 every year, while hoping to spend $41,231 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: 31/47/22 Blend
44$937,000$937,000$937,000$937,000
45$1,037,274$987,613$973,089$1,062,236
46$1,099,206$992,136$961,818$1,086,073
47$1,166,074$995,499$948,788$1,107,697
48$1,238,336$997,602$933,895$1,130,123
49$1,316,500$998,337$917,034$1,153,445
50$1,401,119$997,592$898,091$1,177,772
51$1,492,805$995,246$876,948$1,203,227
52$1,592,229$991,171$853,484$1,229,949
53$1,700,130$985,233$827,570$1,258,093
54$1,817,320$977,286$799,070$1,287,836
55$1,944,692$967,178$767,845$1,319,375
56$2,083,230$954,749$733,746$1,352,935
57$2,234,014$939,826$696,621$1,388,764
58$2,398,234$922,228$656,309$1,427,143
59$2,577,200$901,763$612,641$1,468,387
60$2,772,352$878,227$565,442$1,512,848
61$2,985,276$851,405$514,529$1,560,919
62$3,217,718$821,068$459,710$1,613,041
63$3,471,600$786,975$400,784$1,669,706
64$3,749,036$748,869$337,544$1,731,463
65$4,052,356$706,482$269,769$1,798,925
66$4,384,123$659,526$197,233$1,872,774
67$4,747,161$607,701$119,698$1,953,774
68$5,144,578$550,685$36,915$2,042,771
69$5,579,798$488,141$0$2,140,710
70$6,056,590$419,713$0$2,260,714
71$6,579,106$345,023$0$2,401,910
72$7,151,918$263,672$0$2,556,990
73$7,780,062$175,240$0$2,727,465
74$8,469,084$79,282$0$2,915,011
75$9,225,093$0$0$3,121,482
76$10,054,818$0$0$3,361,692
77$10,965,671$0$0$3,670,551
78$11,965,817$0$0$4,009,841
79$13,064,249$0$0$4,382,633
80$14,270,876$0$0$4,792,309
81$15,596,613$0$0$5,242,596
82$17,053,483$0$0$5,737,598
83$18,654,733$0$0$6,281,838
84$20,414,957$0$0$6,880,300
85$22,350,234$0$0$7,538,473
86$24,478,277$0$0$8,262,405
87$26,818,602$0$0$9,058,761
88$29,392,711$0$0$9,934,884
89$32,224,297$0$0$10,898,863
90$35,339,460$0$0$11,959,612
91$38,766,961$0$0$13,126,954
92$42,538,487$0$0$14,411,710
93$46,688,954$0$0$15,825,803
94$51,256,832$0$0$17,382,373
95$56,284,510$0$0$19,095,897
96$61,818,695$0$0$20,982,327
97$67,910,852$0$0$23,059,240
98$74,617,688$0$0$25,346,004
99$82,001,689$0$0$27,863,963
100$90,131,708$0$0$30,636,632