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%18.1%
1 years$77,542$76,851$76,177$75,519$74,877$72,422
2 years$38,387$37,672$36,979$36,307$35,656$33,206
3 years$25,337$24,619$23,928$23,263$22,622$20,254
4 years$18,813$18,098$17,413$16,759$16,134$13,866
5 years$14,900$14,189$13,514$12,873$12,265$10,103
6 years$12,292$11,586$10,921$10,294$9,705$7,651
7 years$10,430$9,730$9,075$8,464$7,892$5,946
8 years$9,034$8,340$7,697$7,100$6,548$4,708
9 years$7,949$7,262$6,629$6,048$5,514$3,778
10 years$7,082$6,401$5,779$5,213$4,698$3,064
11 years$6,372$5,698$5,088$4,537$4,041$2,505
12 years$5,781$5,115$4,516$3,979$3,502$2,060
13 years$5,282$4,622$4,034$3,513$3,053$1,704
14 years$4,854$4,201$3,625$3,119$2,677$1,414
15 years$4,484$3,838$3,273$2,781$2,357$1,178
16 years$4,160$3,521$2,967$2,490$2,083$984
17 years$3,875$3,243$2,700$2,238$1,847$824
18 years$3,621$2,997$2,465$2,017$1,642$691
19 years$3,395$2,777$2,256$1,822$1,464$580
20 years$3,191$2,581$2,071$1,650$1,307$488
21 years$3,007$2,404$1,905$1,498$1,170$411
22 years$2,840$2,244$1,756$1,362$1,049$346
23 years$2,688$2,099$1,621$1,240$941$292
24 years$2,549$1,966$1,499$1,131$846$246
25 years$2,421$1,845$1,388$1,033$761$208
26 years$2,303$1,734$1,288$945$686$176
27 years$2,194$1,632$1,196$865$618$148
28 years$2,093$1,538$1,112$792$558$126
29 years$1,999$1,451$1,034$726$504$106
30 years$1,911$1,370$964$667$455$90
31 years$1,830$1,295$898$612$412$76
32 years$1,753$1,226$838$563$372$64
33 years$1,682$1,161$783$517$337$54
34 years$1,614$1,100$731$476$305$46
35 years$1,551$1,043$684$438$276$39
36 years$1,491$990$639$404$250$33
37 years$1,435$941$599$372$227$28
38 years$1,382$894$561$343$206$24
39 years$1,331$850$525$316$187$20
40 years$1,284$809$492$292$169$17
41 years$1,238$770$462$269$153$14
42 years$1,195$733$433$248$139$12
43 years$1,155$699$406$229$126$10
44 years$1,116$666$381$212$115$9
45 years$1,079$635$358$195$104$7
46 years$1,043$606$336$180$95$6
47 years$1,009$578$316$167$86$5
48 years$977$552$297$154$78$4
49 years$946$527$279$142$71$4
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $939,000, adding $5,411 every year, while hoping to spend $58,305 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: 53/20/27 Blend
44$939,000$939,000$939,000$939,000
45$1,040,359$990,592$976,038$1,087,410
46$1,084,440$977,095$946,699$1,107,067
47$1,131,063$960,983$914,423$1,122,053
48$1,180,425$942,065$879,051$1,137,191
49$1,232,744$920,141$840,414$1,152,519
50$1,288,254$894,998$798,338$1,168,080
51$1,347,213$866,411$752,640$1,183,928
52$1,409,905$834,142$703,130$1,200,125
53$1,476,638$797,937$649,607$1,216,741
54$1,547,749$757,530$591,863$1,233,861
55$1,623,610$712,639$529,680$1,251,581
56$1,704,624$662,965$462,831$1,270,011
57$1,791,238$608,192$391,078$1,289,279
58$1,883,938$547,987$314,172$1,309,530
59$1,983,257$481,996$231,855$1,330,931
60$2,089,783$409,847$143,856$1,353,669
61$2,204,158$331,147$49,892$1,377,959
62$2,327,087$245,478$0$1,404,044
63$2,459,345$152,402$0$1,446,713
64$2,601,783$51,454$0$1,508,044
65$2,755,335$0$0$1,574,090
66$2,921,026$0$0$1,658,075
67$3,099,984$0$0$1,761,085
68$3,293,448$0$0$1,872,521
69$3,502,779$0$0$1,993,174
70$3,729,473$0$0$2,123,919
71$3,975,177$0$0$2,265,714
72$4,241,700$0$0$2,419,614
73$4,531,031$0$0$2,586,780
74$4,845,359$0$0$2,768,489
75$5,187,092$0$0$2,966,145
76$5,558,878$0$0$3,181,292
77$5,963,632$0$0$3,415,632
78$6,404,559$0$0$3,671,034
79$6,885,189$0$0$3,949,558
80$7,409,405$0$0$4,253,470
81$7,981,482$0$0$4,585,264
82$8,606,125$0$0$4,947,686
83$9,288,513$0$0$5,343,759
84$10,034,349$0$0$5,776,811
85$10,849,909$0$0$6,250,506
86$11,742,107$0$0$6,768,879
87$12,718,552$0$0$7,336,371
88$13,787,625$0$0$7,957,875
89$14,958,555$0$0$8,638,778
90$16,241,504$0$0$9,385,013
91$17,647,665$0$0$10,203,114
92$19,189,365$0$0$11,100,277
93$20,880,180$0$0$12,084,429
94$22,735,063$0$0$13,164,301
95$24,770,484$0$0$14,349,507
96$27,004,587$0$0$15,650,642
97$29,457,355$0$0$17,079,374
98$32,150,802$0$0$18,648,556
99$35,109,178$0$0$20,372,347
100$38,359,196$0$0$22,266,347