Can I retire at age 45 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$77,542$76,851$76,177$75,519$74,877$72,134
2 years$38,387$37,672$36,979$36,307$35,656$32,923
3 years$25,337$24,619$23,928$23,263$22,622$19,985
4 years$18,813$18,098$17,413$16,759$16,134$13,613
5 years$14,900$14,189$13,514$12,873$12,265$9,867
6 years$12,292$11,586$10,921$10,294$9,705$7,431
7 years$10,430$9,730$9,075$8,464$7,892$5,743
8 years$9,034$8,340$7,697$7,100$6,548$4,519
9 years$7,949$7,262$6,629$6,048$5,514$3,605
10 years$7,082$6,401$5,779$5,213$4,698$2,905
11 years$6,372$5,698$5,088$4,537$4,041$2,359
12 years$5,781$5,115$4,516$3,979$3,502$1,928
13 years$5,282$4,622$4,034$3,513$3,053$1,583
14 years$4,854$4,201$3,625$3,119$2,677$1,305
15 years$4,484$3,838$3,273$2,781$2,357$1,080
16 years$4,160$3,521$2,967$2,490$2,083$895
17 years$3,875$3,243$2,700$2,238$1,847$744
18 years$3,621$2,997$2,465$2,017$1,642$619
19 years$3,395$2,777$2,256$1,822$1,464$516
20 years$3,191$2,581$2,071$1,650$1,307$431
21 years$3,007$2,404$1,905$1,498$1,170$360
22 years$2,840$2,244$1,756$1,362$1,049$301
23 years$2,688$2,099$1,621$1,240$941$252
24 years$2,549$1,966$1,499$1,131$846$211
25 years$2,421$1,845$1,388$1,033$761$177
26 years$2,303$1,734$1,288$945$686$148
27 years$2,194$1,632$1,196$865$618$124
28 years$2,093$1,538$1,112$792$558$104
29 years$1,999$1,451$1,034$726$504$87
30 years$1,911$1,370$964$667$455$73
31 years$1,830$1,295$898$612$412$61
32 years$1,753$1,226$838$563$372$51
33 years$1,682$1,161$783$517$337$43
34 years$1,614$1,100$731$476$305$36
35 years$1,551$1,043$684$438$276$30
36 years$1,491$990$639$404$250$26
37 years$1,435$941$599$372$227$21
38 years$1,382$894$561$343$206$18
39 years$1,331$850$525$316$187$15
40 years$1,284$809$492$292$169$13
41 years$1,238$770$462$269$153$11
42 years$1,195$733$433$248$139$9
43 years$1,155$699$406$229$126$8
44 years$1,116$666$381$212$115$6
45 years$1,079$635$358$195$104$5
46 years$1,043$606$336$180$95$4
47 years$1,009$578$316$167$86$4
48 years$977$552$297$154$78$3
49 years$946$527$279$142$71$3
50 years$917$503$262$132$64$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $939,000, adding $5,084 every year, while hoping to spend $30,882 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: 42/35/23 Blend
44$939,000$939,000$939,000$939,000
45$1,040,022$990,255$975,701$1,076,510
46$1,113,246$1,005,919$975,528$1,118,691
47$1,192,904$1,021,316$974,315$1,160,994
48$1,279,619$1,036,400$971,994$1,206,188
49$1,374,078$1,051,121$968,494$1,254,555
50$1,477,036$1,065,428$963,740$1,306,407
51$1,589,324$1,079,264$957,656$1,362,092
52$1,711,857$1,092,570$950,159$1,421,989
53$1,845,641$1,105,280$941,164$1,486,523
54$1,991,785$1,117,328$930,581$1,556,159
55$2,151,509$1,128,639$918,318$1,631,414
56$2,326,157$1,139,137$904,276$1,712,857
57$2,517,208$1,148,737$888,352$1,801,118
58$2,726,290$1,157,352$870,438$1,896,893
59$2,955,197$1,164,887$850,423$2,000,950
60$3,205,903$1,171,243$828,188$2,114,140
61$3,480,583$1,176,312$803,611$2,237,400
62$3,781,633$1,179,981$776,562$2,371,767
63$4,111,689$1,182,130$746,907$2,518,385
64$4,473,658$1,182,631$714,504$2,678,519
65$4,870,739$1,181,348$679,208$2,853,565
66$5,306,456$1,178,135$640,863$3,045,065
67$5,784,692$1,172,841$599,309$3,254,720
68$6,309,722$1,165,302$554,378$3,484,412
69$6,886,258$1,155,346$505,894$3,736,214
70$7,519,488$1,142,790$453,673$4,012,418
71$8,215,129$1,127,440$397,525$4,315,554
72$8,979,478$1,109,091$337,248$4,648,412
73$9,819,473$1,087,524$272,633$5,014,074
74$10,742,755$1,062,509$203,462$5,415,942
75$11,757,746$1,033,801$129,508$5,857,768
76$12,873,721$1,001,143$50,532$6,343,694
77$14,100,902$964,260$0$6,878,293
78$15,450,548$922,863$0$7,474,890
79$16,935,065$876,645$0$8,144,540
80$18,568,123$825,281$0$8,881,037
81$20,364,782$768,430$0$9,691,225
82$22,341,636$705,729$0$10,582,650
83$24,516,967$636,794$0$11,563,633
84$26,910,921$561,221$0$12,643,350
85$29,545,695$478,581$0$13,831,916
86$32,445,747$388,423$0$15,140,484
87$35,638,026$290,267$0$16,581,352
88$39,152,225$183,611$0$18,168,078
89$43,021,065$67,921$0$19,915,609
90$47,280,599$0$0$21,840,425
91$51,970,554$0$0$23,982,789
92$57,134,706$0$0$26,370,720
93$62,821,291$0$0$29,000,383
94$69,083,460$0$0$31,896,377
95$75,979,785$0$0$35,085,808
96$83,574,804$0$0$38,598,546
97$91,939,634$0$0$42,467,503
98$101,152,644$0$0$46,728,948
99$111,300,189$0$0$51,422,849
100$122,477,427$0$0$56,593,245