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%15.2%
1 years$77,377$76,687$76,015$75,359$74,718$73,119
2 years$38,305$37,592$36,900$36,230$35,580$33,977
3 years$25,283$24,567$23,877$23,213$22,573$21,017
4 years$18,773$18,059$17,376$16,724$16,099$14,601
5 years$14,869$14,159$13,485$12,845$12,239$10,802
6 years$12,266$11,562$10,898$10,273$9,684$8,311
7 years$10,408$9,709$9,056$8,446$7,876$6,566
8 years$9,015$8,323$7,680$7,085$6,534$5,288
9 years$7,932$7,246$6,615$6,035$5,502$4,319
10 years$7,067$6,387$5,767$5,202$4,688$3,566
11 years$6,359$5,686$5,077$4,527$4,032$2,970
12 years$5,769$5,104$4,506$3,971$3,494$2,490
13 years$5,271$4,612$4,026$3,506$3,047$2,100
14 years$4,844$4,192$3,617$3,112$2,671$1,778
15 years$4,474$3,830$3,266$2,775$2,352$1,512
16 years$4,151$3,514$2,961$2,485$2,078$1,289
17 years$3,866$3,236$2,694$2,233$1,843$1,102
18 years$3,614$2,990$2,460$2,012$1,639$944
19 years$3,388$2,771$2,252$1,818$1,460$811
20 years$3,185$2,575$2,066$1,647$1,305$697
21 years$3,001$2,399$1,901$1,495$1,167$600
22 years$2,834$2,239$1,752$1,359$1,046$517
23 years$2,682$2,094$1,617$1,238$939$446
24 years$2,543$1,962$1,496$1,129$844$385
25 years$2,416$1,841$1,386$1,031$760$333
26 years$2,298$1,731$1,285$943$684$288
27 years$2,189$1,629$1,193$863$617$249
28 years$2,088$1,535$1,109$790$557$216
29 years$1,995$1,448$1,032$725$503$187
30 years$1,907$1,367$962$665$454$162
31 years$1,826$1,293$896$611$411$140
32 years$1,750$1,223$836$561$371$121
33 years$1,678$1,158$781$516$336$105
34 years$1,611$1,098$730$475$304$91
35 years$1,548$1,041$682$437$276$79
36 years$1,488$988$638$403$250$69
37 years$1,432$939$597$371$226$59
38 years$1,379$892$559$342$205$52
39 years$1,329$848$524$315$186$45
40 years$1,281$807$491$291$169$39
41 years$1,236$768$461$268$153$34
42 years$1,193$732$432$248$139$29
43 years$1,152$697$405$229$126$25
44 years$1,113$664$381$211$114$22
45 years$1,076$634$357$195$104$19
46 years$1,041$604$336$180$94$17
47 years$1,007$577$315$166$86$14
48 years$975$551$296$154$78$12
49 years$944$526$278$142$71$11
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 $6,407 every year, while hoping to spend $56,276 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: 73/14/13 Blend
44$937,000$937,000$937,000$937,000
45$1,039,183$989,522$974,998$1,111,732
46$1,085,302$978,131$947,784$1,149,200
47$1,134,240$964,296$917,771$1,182,666
48$1,186,223$947,838$884,807$1,217,805
49$1,241,502$928,566$848,733$1,254,770
50$1,300,350$906,280$809,379$1,293,727
51$1,363,064$880,767$766,573$1,334,864
52$1,429,973$851,801$720,129$1,378,384
53$1,501,435$819,144$669,858$1,424,517
54$1,577,843$782,543$615,559$1,473,514
55$1,659,627$741,731$557,025$1,525,655
56$1,747,259$696,426$494,035$1,581,248
57$1,841,258$646,330$426,364$1,640,638
58$1,942,191$591,125$353,773$1,704,202
59$2,050,684$530,479$276,013$1,772,361
60$2,167,420$464,039$192,825$1,845,578
61$2,293,151$391,432$103,940$1,924,368
62$2,428,704$312,263$9,073$2,009,299
63$2,574,985$226,117$0$2,101,001
64$2,732,991$132,554$0$2,212,955
65$2,903,817$31,111$0$2,335,319
66$3,088,668$0$0$2,467,731
67$3,288,866$0$0$2,623,304
68$3,505,866$0$0$2,797,165
69$3,741,270$0$0$2,985,808
70$3,996,835$0$0$3,190,647
71$4,274,497$0$0$3,413,239
72$4,576,386$0$0$3,655,295
73$4,904,843$0$0$3,918,700
74$5,262,444$0$0$4,205,524
75$5,652,027$0$0$4,518,048
76$6,076,710$0$0$4,858,783
77$6,539,929$0$0$5,230,488
78$7,045,462$0$0$5,636,205
79$7,597,472$0$0$6,079,280
80$8,200,538$0$0$6,563,396
81$8,859,703$0$0$7,092,609
82$9,580,518$0$0$7,671,384
83$10,369,095$0$0$8,304,636
84$11,232,165$0$0$8,997,780
85$12,177,140$0$0$9,756,776
86$13,212,179$0$0$10,588,187
87$14,346,271$0$0$11,499,243
88$15,589,313$0$0$12,497,906
89$16,952,207$0$0$13,592,943
90$18,446,959$0$0$14,794,012
91$20,086,793$0$0$16,111,749
92$21,886,275$0$0$17,557,871
93$23,861,449$0$0$19,145,283
94$26,029,987$0$0$20,888,201
95$28,411,359$0$0$22,802,285
96$31,027,010$0$0$24,904,786
97$33,900,564$0$0$27,214,706
98$37,058,048$0$0$29,752,982
99$40,528,133$0$0$32,542,677
100$44,342,407$0$0$35,609,199