Can I retire at age 45 with 941,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$77,707$77,015$76,339$75,680$75,037$73,223
2 years$38,469$37,752$37,058$36,385$35,732$33,915
3 years$25,391$24,672$23,979$23,312$22,670$20,907
4 years$18,854$18,136$17,451$16,795$16,168$14,473
5 years$14,932$14,219$13,542$12,900$12,291$10,668
6 years$12,319$11,611$10,944$10,316$9,725$8,177
7 years$10,453$9,751$9,095$8,482$7,909$6,435
8 years$9,054$8,358$7,713$7,115$6,562$5,161
9 years$7,966$7,277$6,643$6,060$5,526$4,198
10 years$7,097$6,415$5,792$5,224$4,708$3,451
11 years$6,386$5,711$5,099$4,547$4,049$2,861
12 years$5,794$5,125$4,525$3,988$3,509$2,388
13 years$5,293$4,632$4,043$3,521$3,060$2,004
14 years$4,865$4,210$3,633$3,125$2,682$1,689
15 years$4,493$3,846$3,280$2,787$2,362$1,429
16 years$4,169$3,529$2,974$2,496$2,087$1,213
17 years$3,883$3,250$2,706$2,242$1,851$1,032
18 years$3,629$3,003$2,470$2,021$1,646$879
19 years$3,402$2,783$2,261$1,826$1,467$751
20 years$3,198$2,586$2,075$1,654$1,310$642
21 years$3,014$2,409$1,909$1,501$1,172$550
22 years$2,847$2,249$1,759$1,365$1,051$471
23 years$2,694$2,103$1,624$1,243$943$405
24 years$2,554$1,971$1,502$1,134$848$347
25 years$2,426$1,849$1,391$1,035$763$299
26 years$2,308$1,738$1,290$947$687$257
27 years$2,199$1,636$1,198$866$620$221
28 years$2,097$1,541$1,114$794$559$190
29 years$2,003$1,454$1,037$728$505$164
30 years$1,915$1,373$966$668$456$141
31 years$1,834$1,298$900$614$412$121
32 years$1,757$1,228$840$564$373$105
33 years$1,685$1,163$784$519$338$90
34 years$1,618$1,102$733$477$306$78
35 years$1,554$1,046$685$439$277$67
36 years$1,495$992$641$404$251$58
37 years$1,438$943$600$373$227$50
38 years$1,385$896$562$344$206$43
39 years$1,334$852$526$317$187$37
40 years$1,286$810$493$292$170$32
41 years$1,241$771$463$270$154$28
42 years$1,198$735$434$249$140$24
43 years$1,157$700$407$230$127$20
44 years$1,118$667$382$212$115$18
45 years$1,081$636$359$196$104$15
46 years$1,045$607$337$181$95$13
47 years$1,012$579$317$167$86$11
48 years$979$553$298$154$78$10
49 years$948$528$280$143$71$8
50 years$919$504$263$132$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $941,000, adding $6,663 every year, while hoping to spend $49,204 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: 31/40/29 Blend
44$941,000$941,000$941,000$941,000
45$1,043,855$993,982$979,396$1,066,797
46$1,097,975$990,334$959,853$1,081,507
47$1,155,967$984,859$938,007$1,092,574
48$1,218,173$977,414$913,727$1,103,527
49$1,284,969$967,850$886,880$1,114,393
50$1,356,769$956,007$857,323$1,125,204
51$1,434,025$941,717$824,909$1,135,999
52$1,517,235$924,801$789,483$1,146,827
53$1,606,947$905,070$750,884$1,157,747
54$1,703,760$882,323$708,944$1,168,831
55$1,808,334$856,348$663,484$1,180,160
56$1,921,395$826,920$614,322$1,191,834
57$2,043,740$793,802$561,264$1,203,968
58$2,176,244$756,741$504,109$1,216,694
59$2,319,871$715,471$442,647$1,230,168
60$2,475,680$669,711$376,657$1,244,567
61$2,644,836$619,163$305,912$1,260,096
62$2,828,619$563,512$230,170$1,276,988
63$3,028,440$502,426$149,182$1,295,511
64$3,245,848$435,552$62,687$1,315,968
65$3,482,550$362,520$0$1,338,705
66$3,740,423$282,936$0$1,373,279
67$4,021,533$196,387$0$1,432,263
68$4,328,153$102,433$0$1,496,832
69$4,662,785$613$0$1,567,647
70$5,028,184$0$0$1,645,441
71$5,427,383$0$0$1,779,260
72$5,863,719$0$0$1,925,964
73$6,340,867$0$0$2,086,536
74$6,862,875$0$0$2,262,356
75$7,434,198$0$0$2,454,943
76$8,059,742$0$0$2,665,973
77$8,744,910$0$0$2,897,287
78$9,495,652$0$0$3,150,916
79$10,318,520$0$0$3,429,095
80$11,220,732$0$0$3,734,287
81$12,210,236$0$0$4,069,205
82$13,295,787$0$0$4,436,836
83$14,487,027$0$0$4,840,471
84$15,794,578$0$0$5,283,736
85$17,230,140$0$0$5,770,625
86$18,806,602$0$0$6,305,536
87$20,538,161$0$0$6,893,318
88$22,440,458$0$0$7,539,308
89$24,530,722$0$0$8,249,390
90$26,827,935$0$0$9,030,044
91$29,353,009$0$0$9,888,410
92$32,128,983$0$0$10,832,354
93$35,181,237$0$0$11,870,543
94$38,537,737$0$0$13,012,527
95$42,229,293$0$0$14,268,825
96$46,289,849$0$0$15,651,029
97$50,756,807$0$0$17,171,912
98$55,671,375$0$0$18,845,547
99$61,078,955$0$0$20,687,438
100$67,029,576$0$0$22,714,671