Can I retire at age 45 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$77,459$76,769$76,096$75,439$74,797$72,841
2 years$38,346$37,632$36,940$36,269$35,618$33,661
3 years$25,310$24,593$23,903$23,238$22,597$20,700
4 years$18,793$18,078$17,395$16,741$16,117$14,294
5 years$14,884$14,174$13,499$12,859$12,252$10,508
6 years$12,279$11,574$10,909$10,283$9,694$8,032
7 years$10,419$9,720$9,066$8,455$7,884$6,303
8 years$9,025$8,332$7,688$7,092$6,541$5,041
9 years$7,941$7,254$6,622$6,041$5,508$4,087
10 years$7,074$6,394$5,773$5,208$4,693$3,350
11 years$6,365$5,692$5,083$4,532$4,036$2,769
12 years$5,775$5,109$4,511$3,975$3,498$2,303
13 years$5,276$4,617$4,030$3,510$3,050$1,926
14 years$4,849$4,197$3,621$3,115$2,674$1,618
15 years$4,479$3,834$3,269$2,778$2,354$1,364
16 years$4,156$3,518$2,964$2,488$2,081$1,153
17 years$3,871$3,240$2,697$2,235$1,845$978
18 years$3,618$2,993$2,462$2,014$1,640$830
19 years$3,391$2,774$2,254$1,820$1,462$706
20 years$3,188$2,578$2,069$1,649$1,306$602
21 years$3,004$2,401$1,903$1,496$1,169$513
22 years$2,837$2,242$1,754$1,360$1,048$438
23 years$2,685$2,096$1,619$1,239$940$375
24 years$2,546$1,964$1,497$1,130$845$321
25 years$2,418$1,843$1,387$1,032$761$274
26 years$2,300$1,732$1,286$944$685$235
27 years$2,192$1,630$1,194$864$618$201
28 years$2,091$1,536$1,110$791$557$172
29 years$1,997$1,449$1,033$726$503$148
30 years$1,909$1,369$963$666$455$127
31 years$1,828$1,294$897$612$411$109
32 years$1,751$1,224$837$562$372$93
33 years$1,680$1,159$782$517$337$80
34 years$1,613$1,099$730$476$305$69
35 years$1,549$1,042$683$438$276$59
36 years$1,490$989$639$403$250$51
37 years$1,434$940$598$371$227$44
38 years$1,380$893$560$342$205$37
39 years$1,330$849$525$316$186$32
40 years$1,282$808$492$291$169$28
41 years$1,237$769$461$269$153$24
42 years$1,194$732$432$248$139$20
43 years$1,153$698$406$229$126$17
44 years$1,114$665$381$211$115$15
45 years$1,077$634$358$195$104$13
46 years$1,042$605$336$180$94$11
47 years$1,008$577$316$167$86$10
48 years$976$551$297$154$78$8
49 years$945$526$279$142$71$7
50 years$916$503$262$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $938,000, adding $6,776 every year, while hoping to spend $41,832 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: 32/46/22 Blend
44$938,000$938,000$938,000$938,000
45$1,040,665$990,951$976,412$1,066,724
46$1,102,304$994,999$964,613$1,090,952
47$1,168,828$997,843$951,017$1,112,779
48$1,240,692$999,380$935,519$1,135,430
49$1,318,394$999,501$918,010$1,159,001
50$1,402,482$998,089$898,376$1,183,604
51$1,493,560$995,020$876,496$1,209,366
52$1,592,291$990,164$852,247$1,236,428
53$1,699,404$983,382$825,496$1,264,951
54$1,815,701$974,525$796,108$1,295,115
55$1,942,063$963,437$763,937$1,327,122
56$2,079,460$949,952$728,836$1,361,202
57$2,228,960$933,895$690,647$1,397,610
58$2,391,737$915,078$649,207$1,436,633
59$2,569,083$893,306$604,344$1,478,593
60$2,762,420$868,369$555,880$1,523,851
61$2,973,313$840,045$503,629$1,572,807
62$3,203,484$808,101$447,394$1,625,914
63$3,454,830$772,289$386,972$1,683,674
64$3,729,439$732,346$322,151$1,746,649
65$4,029,607$687,996$252,709$1,815,463
66$4,357,864$638,946$178,412$1,890,817
67$4,716,997$584,885$99,020$1,973,486
68$5,110,073$525,486$14,279$2,064,339
69$5,540,468$460,403$0$2,164,338
70$6,011,903$389,269$0$2,292,433
71$6,528,472$311,699$0$2,436,679
72$7,094,687$227,283$0$2,595,113
73$7,715,516$135,591$0$2,769,279
74$8,396,430$36,167$0$2,960,887
75$9,143,457$0$0$3,171,828
76$9,963,234$0$0$3,440,376
77$10,863,073$0$0$3,755,394
78$11,851,028$0$0$4,101,413
79$12,935,973$0$0$4,481,559
80$14,127,680$0$0$4,899,277
81$15,436,917$0$0$5,358,361
82$16,875,545$0$0$5,862,992
83$18,456,631$0$0$6,417,774
84$20,194,571$0$0$7,027,782
85$22,105,225$0$0$7,698,605
86$24,206,066$0$0$8,436,403
87$26,516,345$0$0$9,247,962
88$29,057,272$0$0$10,140,758
89$31,852,216$0$0$11,123,028
90$34,926,924$0$0$12,203,849
91$38,309,764$0$0$13,393,221
92$42,031,993$0$0$14,702,163
93$46,128,051$0$0$16,142,817
94$50,635,883$0$0$17,728,560
95$55,597,302$0$0$19,474,133
96$61,058,377$0$0$21,395,778
97$67,069,871$0$0$23,511,392
98$73,687,719$0$0$25,840,696
99$80,973,555$0$0$28,405,420
100$88,995,291$0$0$31,229,508