Can I retire at age 45 with 937,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$77,377$76,687$76,015$75,359$74,718$73,815
2 years$38,305$37,592$36,900$36,230$35,580$34,671
3 years$25,283$24,567$23,877$23,213$22,573$21,687
4 years$18,773$18,059$17,376$16,724$16,099$15,242
5 years$14,869$14,159$13,485$12,845$12,239$11,413
6 years$12,266$11,562$10,898$10,273$9,684$8,891
7 years$10,408$9,709$9,056$8,446$7,876$7,116
8 years$9,015$8,323$7,680$7,085$6,534$5,807
9 years$7,932$7,246$6,615$6,035$5,502$4,809
10 years$7,067$6,387$5,767$5,202$4,688$4,027
11 years$6,359$5,686$5,077$4,527$4,032$3,402
12 years$5,769$5,104$4,506$3,971$3,494$2,895
13 years$5,271$4,612$4,026$3,506$3,047$2,478
14 years$4,844$4,192$3,617$3,112$2,671$2,132
15 years$4,474$3,830$3,266$2,775$2,352$1,841
16 years$4,151$3,514$2,961$2,485$2,078$1,596
17 years$3,866$3,236$2,694$2,233$1,843$1,387
18 years$3,614$2,990$2,460$2,012$1,639$1,208
19 years$3,388$2,771$2,252$1,818$1,460$1,055
20 years$3,185$2,575$2,066$1,647$1,305$923
21 years$3,001$2,399$1,901$1,495$1,167$808
22 years$2,834$2,239$1,752$1,359$1,046$709
23 years$2,682$2,094$1,617$1,238$939$623
24 years$2,543$1,962$1,496$1,129$844$547
25 years$2,416$1,841$1,386$1,031$760$482
26 years$2,298$1,731$1,285$943$684$424
27 years$2,189$1,629$1,193$863$617$374
28 years$2,088$1,535$1,109$790$557$330
29 years$1,995$1,448$1,032$725$503$291
30 years$1,907$1,367$962$665$454$257
31 years$1,826$1,293$896$611$411$227
32 years$1,750$1,223$836$561$371$200
33 years$1,678$1,158$781$516$336$177
34 years$1,611$1,098$730$475$304$156
35 years$1,548$1,041$682$437$276$138
36 years$1,488$988$638$403$250$122
37 years$1,432$939$597$371$226$108
38 years$1,379$892$559$342$205$96
39 years$1,329$848$524$315$186$85
40 years$1,281$807$491$291$169$75
41 years$1,236$768$461$268$153$66
42 years$1,193$732$432$248$139$59
43 years$1,152$697$405$229$126$52
44 years$1,113$664$381$211$114$46
45 years$1,076$634$357$195$104$41
46 years$1,041$604$336$180$94$36
47 years$1,007$577$315$166$86$32
48 years$975$551$296$154$78$28
49 years$944$526$278$142$71$25
50 years$915$502$262$131$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $937,000, adding $6,833 every year, while hoping to spend $33,959 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: 64/23/13 Blend
44$937,000$937,000$937,000$937,000
45$1,039,622$989,961$975,438$1,102,557
46$1,109,532$1,002,337$971,983$1,157,878
47$1,185,434$1,014,181$967,274$1,213,728
48$1,267,903$1,025,432$961,233$1,273,890
49$1,357,574$1,036,023$953,779$1,338,785
50$1,455,143$1,045,884$944,827$1,408,875
51$1,561,374$1,054,939$934,285$1,484,671
52$1,677,112$1,063,109$922,062$1,566,735
53$1,803,285$1,070,308$908,058$1,655,688
54$1,940,913$1,076,447$892,171$1,752,215
55$2,091,120$1,081,427$874,293$1,857,071
56$2,255,144$1,085,146$854,311$1,971,088
57$2,434,346$1,087,496$832,108$2,095,186
58$2,630,226$1,088,360$807,561$2,230,376
59$2,844,435$1,087,615$780,539$2,377,776
60$3,078,789$1,085,130$750,910$2,538,619
61$3,335,291$1,080,767$718,530$2,714,264
62$3,616,143$1,074,377$683,254$2,906,208
63$3,923,773$1,065,805$644,926$3,116,107
64$4,260,853$1,054,884$603,386$3,345,783
65$4,630,326$1,041,439$558,465$3,597,246
66$5,035,433$1,025,284$509,988$3,872,716
67$5,479,745$1,006,221$457,770$4,174,636
68$5,967,194$984,040$401,620$4,505,705
69$6,502,111$958,521$341,337$4,868,897
70$7,089,266$929,429$276,712$5,267,492
71$7,733,916$896,515$207,527$5,705,108
72$8,441,848$859,517$133,552$6,185,733
73$9,219,440$818,158$54,549$6,713,766
74$10,073,717$772,142$0$7,294,058
75$11,012,419$721,158$0$7,936,085
76$12,044,070$664,879$0$8,649,960
77$13,178,063$602,957$0$9,434,649
78$14,424,747$535,023$0$10,297,360
79$15,795,522$460,690$0$11,246,042
80$17,302,949$379,548$0$12,289,454
81$18,960,866$291,162$0$13,437,250
82$20,784,521$195,076$0$14,700,075
83$22,790,713$90,805$0$16,089,658
84$24,997,950$0$0$17,618,932
85$27,426,628$0$0$19,307,757
86$30,099,215$0$0$21,191,555
87$33,040,471$0$0$23,264,804
88$36,277,675$0$0$25,546,744
89$39,840,888$0$0$28,058,572
90$43,763,229$0$0$30,823,648
91$48,081,194$0$0$33,867,709
92$52,834,996$0$0$37,219,117
93$58,068,946$0$0$40,909,120
94$63,831,869$0$0$44,972,153
95$70,177,567$0$0$49,446,161
96$77,165,324$0$0$54,372,952
97$84,860,465$0$0$59,798,601
98$93,334,976$0$0$65,773,872
99$102,668,178$0$0$72,354,710
100$112,947,477$0$0$79,602,758