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%11.5%
1 years$77,707$77,015$76,339$75,680$75,037$74,564
2 years$38,469$37,752$37,058$36,385$35,732$35,255
3 years$25,391$24,672$23,979$23,312$22,670$22,203
4 years$18,854$18,136$17,451$16,795$16,168$15,716
5 years$14,932$14,219$13,542$12,900$12,291$11,854
6 years$12,319$11,611$10,944$10,316$9,725$9,305
7 years$10,453$9,751$9,095$8,482$7,909$7,505
8 years$9,054$8,358$7,713$7,115$6,562$6,174
9 years$7,966$7,277$6,643$6,060$5,526$5,154
10 years$7,097$6,415$5,792$5,224$4,708$4,353
11 years$6,386$5,711$5,099$4,547$4,049$3,710
12 years$5,794$5,125$4,525$3,988$3,509$3,185
13 years$5,293$4,632$4,043$3,521$3,060$2,751
14 years$4,865$4,210$3,633$3,125$2,682$2,388
15 years$4,493$3,846$3,280$2,787$2,362$2,082
16 years$4,169$3,529$2,974$2,496$2,087$1,822
17 years$3,883$3,250$2,706$2,242$1,851$1,599
18 years$3,629$3,003$2,470$2,021$1,646$1,407
19 years$3,402$2,783$2,261$1,826$1,467$1,241
20 years$3,198$2,586$2,075$1,654$1,310$1,096
21 years$3,014$2,409$1,909$1,501$1,172$971
22 years$2,847$2,249$1,759$1,365$1,051$860
23 years$2,694$2,103$1,624$1,243$943$764
24 years$2,554$1,971$1,502$1,134$848$679
25 years$2,426$1,849$1,391$1,035$763$604
26 years$2,308$1,738$1,290$947$687$538
27 years$2,199$1,636$1,198$866$620$479
28 years$2,097$1,541$1,114$794$559$427
29 years$2,003$1,454$1,037$728$505$381
30 years$1,915$1,373$966$668$456$340
31 years$1,834$1,298$900$614$412$304
32 years$1,757$1,228$840$564$373$272
33 years$1,685$1,163$784$519$338$243
34 years$1,618$1,102$733$477$306$217
35 years$1,554$1,046$685$439$277$194
36 years$1,495$992$641$404$251$174
37 years$1,438$943$600$373$227$156
38 years$1,385$896$562$344$206$139
39 years$1,334$852$526$317$187$125
40 years$1,286$810$493$292$170$112
41 years$1,241$771$463$270$154$100
42 years$1,198$735$434$249$140$90
43 years$1,157$700$407$230$127$80
44 years$1,118$667$382$212$115$72
45 years$1,081$636$359$196$104$64
46 years$1,045$607$337$181$95$58
47 years$1,012$579$317$167$86$52
48 years$979$553$298$154$78$46
49 years$948$528$280$143$71$42
50 years$919$504$263$132$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $941,000, adding $3,335 every year, while hoping to spend $50,449 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: 56/14/30 Blend
44$941,000$941,000$941,000$941,000
45$1,040,422$990,549$975,964$1,089,880
46$1,092,868$985,409$954,981$1,119,213
47$1,148,972$978,325$931,605$1,145,673
48$1,209,055$969,151$905,701$1,173,502
49$1,273,467$957,728$877,131$1,202,850
50$1,342,594$943,890$845,748$1,233,884
51$1,416,857$927,459$811,399$1,266,792
52$1,496,721$908,249$773,925$1,301,784
53$1,582,694$886,061$733,159$1,339,093
54$1,675,336$860,685$688,927$1,378,978
55$1,775,260$831,898$641,046$1,421,731
56$1,883,141$799,466$589,326$1,467,673
57$1,999,721$763,139$533,567$1,517,164
58$2,125,813$722,654$473,563$1,570,604
59$2,262,314$677,731$409,094$1,628,437
60$2,410,207$628,077$339,936$1,691,158
61$2,570,575$573,380$265,851$1,759,314
62$2,744,608$513,310$186,591$1,833,517
63$2,933,615$447,519$101,900$1,914,442
64$3,139,036$375,640$11,506$2,002,841
65$3,362,456$297,284$0$2,099,547
66$3,605,616$212,041$0$2,232,681
67$3,870,434$119,476$0$2,381,769
68$4,159,021$19,133$0$2,544,360
69$4,473,699$0$0$2,721,815
70$4,817,023$0$0$2,929,418
71$5,191,806$0$0$3,159,342
72$5,601,147$0$0$3,410,548
73$6,048,453$0$0$3,685,140
74$6,537,477$0$0$3,985,431
75$7,072,353$0$0$4,313,971
76$7,657,630$0$0$4,673,566
77$8,298,318$0$0$5,067,305
78$8,999,934$0$0$5,498,593
79$9,768,553$0$0$5,971,177
80$10,610,866$0$0$6,489,184
81$11,534,241$0$0$7,057,159
82$12,546,794$0$0$7,680,109
83$13,657,464$0$0$8,363,548
84$14,876,095$0$0$9,113,550
85$16,213,532$0$0$9,936,805
86$17,681,720$0$0$10,840,683
87$19,293,817$0$0$11,833,302
88$21,064,317$0$0$12,923,604
89$23,009,188$0$0$14,121,442
90$25,146,020$0$0$15,437,667
91$27,494,190$0$0$16,884,235
92$30,075,047$0$0$18,474,320
93$32,912,109$0$0$20,222,432
94$36,031,288$0$0$22,144,558
95$39,461,131$0$0$24,258,314
96$43,233,090$0$0$26,583,106
97$47,381,816$0$0$29,140,316
98$51,945,489$0$0$31,953,502
99$56,966,175$0$0$35,048,620
100$62,490,222$0$0$38,454,269