Can I retire at age 45 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$77,707$77,015$76,339$75,680$75,037$73,763
2 years$38,469$37,752$37,058$36,385$35,732$34,453
3 years$25,391$24,672$23,979$23,312$22,670$21,425
4 years$18,854$18,136$17,451$16,795$16,168$14,967
5 years$14,932$14,219$13,542$12,900$12,291$11,137
6 years$12,319$11,611$10,944$10,316$9,725$8,620
7 years$10,453$9,751$9,095$8,482$7,909$6,853
8 years$9,054$8,358$7,713$7,115$6,562$5,554
9 years$7,966$7,277$6,643$6,060$5,526$4,566
10 years$7,097$6,415$5,792$5,224$4,708$3,796
11 years$6,386$5,711$5,099$4,547$4,049$3,183
12 years$5,794$5,125$4,525$3,988$3,509$2,688
13 years$5,293$4,632$4,043$3,521$3,060$2,283
14 years$4,865$4,210$3,633$3,125$2,682$1,948
15 years$4,493$3,846$3,280$2,787$2,362$1,669
16 years$4,169$3,529$2,974$2,496$2,087$1,434
17 years$3,883$3,250$2,706$2,242$1,851$1,236
18 years$3,629$3,003$2,470$2,021$1,646$1,067
19 years$3,402$2,783$2,261$1,826$1,467$924
20 years$3,198$2,586$2,075$1,654$1,310$801
21 years$3,014$2,409$1,909$1,501$1,172$695
22 years$2,847$2,249$1,759$1,365$1,051$604
23 years$2,694$2,103$1,624$1,243$943$526
24 years$2,554$1,971$1,502$1,134$848$458
25 years$2,426$1,849$1,391$1,035$763$399
26 years$2,308$1,738$1,290$947$687$348
27 years$2,199$1,636$1,198$866$620$304
28 years$2,097$1,541$1,114$794$559$265
29 years$2,003$1,454$1,037$728$505$232
30 years$1,915$1,373$966$668$456$203
31 years$1,834$1,298$900$614$412$177
32 years$1,757$1,228$840$564$373$155
33 years$1,685$1,163$784$519$338$136
34 years$1,618$1,102$733$477$306$119
35 years$1,554$1,046$685$439$277$104
36 years$1,495$992$641$404$251$91
37 years$1,438$943$600$373$227$80
38 years$1,385$896$562$344$206$70
39 years$1,334$852$526$317$187$61
40 years$1,286$810$493$292$170$53
41 years$1,241$771$463$270$154$47
42 years$1,198$735$434$249$140$41
43 years$1,157$700$407$230$127$36
44 years$1,118$667$382$212$115$31
45 years$1,081$636$359$196$104$28
46 years$1,045$607$337$181$95$24
47 years$1,012$579$317$167$86$21
48 years$979$553$298$154$78$19
49 years$948$528$280$143$71$16
50 years$919$504$263$132$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $941,000, adding $4,781 every year, while hoping to spend $53,561 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: 55/17/28 Blend
44$941,000$941,000$941,000$941,000
45$1,041,914$992,041$977,455$1,090,906
46$1,091,200$983,662$953,211$1,116,840
47$1,143,719$973,078$926,360$1,139,146
48$1,199,743$960,123$896,758$1,162,362
49$1,259,572$944,624$864,254$1,186,596
50$1,323,532$926,395$828,691$1,211,966
51$1,391,985$905,241$789,905$1,238,608
52$1,465,323$880,954$747,722$1,266,676
53$1,543,980$853,314$701,965$1,296,339
54$1,628,429$822,090$652,444$1,327,789
55$1,719,192$787,035$598,963$1,361,243
56$1,816,839$747,889$541,318$1,396,940
57$1,921,998$704,377$479,294$1,435,149
58$2,035,359$656,209$412,667$1,476,173
59$2,157,678$603,075$341,204$1,520,347
60$2,289,786$544,651$264,660$1,568,048
61$2,432,599$480,593$182,780$1,619,693
62$2,587,120$410,538$95,299$1,675,751
63$2,754,453$334,102$1,939$1,736,742
64$2,935,814$250,879$0$1,803,246
65$3,132,535$160,441$0$1,905,095
66$3,346,087$62,335$0$2,016,336
67$3,578,082$0$0$2,137,281
68$3,830,298$0$0$2,277,132
69$4,104,689$0$0$2,442,041
70$4,403,404$0$0$2,621,649
71$4,728,809$0$0$2,817,389
72$5,083,507$0$0$3,030,836
73$5,470,364$0$0$3,263,727
74$5,892,533$0$0$3,517,970
75$6,353,485$0$0$3,795,668
76$6,857,042$0$0$4,099,135
77$7,407,410$0$0$4,430,920
78$8,009,220$0$0$4,793,828
79$8,667,572$0$0$5,190,948
80$9,388,081$0$0$5,625,680
81$10,176,928$0$0$6,101,770
82$11,040,922$0$0$6,623,344
83$11,987,562$0$0$7,194,942
84$13,025,103$0$0$7,821,568
85$14,162,639$0$0$8,508,732
86$15,410,188$0$0$9,262,500
87$16,778,779$0$0$10,089,559
88$18,280,565$0$0$10,997,269
89$19,928,928$0$0$11,993,741
90$21,738,613$0$0$13,087,908
91$23,725,859$0$0$14,289,610
92$25,908,556$0$0$15,609,687
93$28,306,412$0$0$17,060,083
94$30,941,137$0$0$18,653,952
95$33,836,650$0$0$20,405,790
96$37,019,300$0$0$22,331,562
97$40,518,117$0$0$24,448,861
98$44,365,083$0$0$26,777,068
99$48,595,434$0$0$29,337,536
100$53,247,991$0$0$32,153,792