Can I retire at age 45 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$77,789$77,097$76,421$75,761$75,116$72,136
2 years$38,510$37,792$37,097$36,423$35,770$32,804
3 years$25,418$24,698$24,004$23,337$22,694$19,836
4 years$18,874$18,155$17,469$16,813$16,185$13,458
5 years$14,948$14,234$13,557$12,914$12,304$9,713
6 years$12,332$11,623$10,956$10,327$9,736$7,283
7 years$10,464$9,761$9,104$8,491$7,918$5,602
8 years$9,063$8,367$7,721$7,123$6,568$4,388
9 years$7,975$7,285$6,650$6,067$5,532$3,483
10 years$7,104$6,421$5,798$5,230$4,713$2,793
11 years$6,393$5,717$5,104$4,551$4,054$2,256
12 years$5,800$5,131$4,530$3,992$3,513$1,834
13 years$5,299$4,637$4,047$3,525$3,063$1,498
14 years$4,870$4,215$3,636$3,129$2,685$1,228
15 years$4,498$3,850$3,283$2,790$2,364$1,010
16 years$4,173$3,533$2,977$2,498$2,089$832
17 years$3,887$3,253$2,709$2,245$1,853$688
18 years$3,633$3,006$2,473$2,023$1,647$569
19 years$3,406$2,786$2,264$1,828$1,468$471
20 years$3,202$2,589$2,077$1,656$1,312$391
21 years$3,017$2,412$1,911$1,503$1,174$325
22 years$2,850$2,251$1,761$1,366$1,052$270
23 years$2,697$2,105$1,626$1,244$944$224
24 years$2,557$1,973$1,504$1,135$849$187
25 years$2,429$1,851$1,393$1,036$764$155
26 years$2,310$1,740$1,292$948$688$129
27 years$2,201$1,637$1,200$867$620$108
28 years$2,100$1,543$1,115$795$560$90
29 years$2,005$1,456$1,038$729$505$75
30 years$1,918$1,375$967$669$457$62
31 years$1,836$1,299$901$614$413$52
32 years$1,759$1,230$841$564$373$43
33 years$1,687$1,164$785$519$338$36
34 years$1,619$1,104$734$478$306$30
35 years$1,556$1,047$686$440$277$25
36 years$1,496$994$642$405$251$21
37 years$1,440$944$600$373$228$17
38 years$1,386$897$562$344$206$15
39 years$1,336$853$527$317$187$12
40 years$1,288$811$494$292$170$10
41 years$1,242$772$463$270$154$8
42 years$1,199$736$434$249$140$7
43 years$1,158$701$408$230$127$6
44 years$1,119$668$383$212$115$5
45 years$1,082$637$359$196$104$4
46 years$1,047$608$337$181$95$3
47 years$1,013$580$317$167$86$3
48 years$980$554$298$155$78$2
49 years$949$529$280$143$71$2
50 years$920$505$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $942,000, adding $4,625 every year, while hoping to spend $46,605 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: 48/41/11 Blend
44$942,000$942,000$942,000$942,000
45$1,042,855$992,929$978,328$1,089,551
46$1,099,639$991,995$961,514$1,121,228
47$1,160,652$989,453$942,576$1,150,370
48$1,226,278$985,176$921,391$1,180,952
49$1,296,936$979,027$897,835$1,213,126
50$1,373,087$970,862$871,776$1,247,057
51$1,455,236$960,530$843,075$1,282,933
52$1,543,941$947,866$811,589$1,320,961
53$1,639,813$932,701$777,167$1,361,374
54$1,743,522$914,852$739,651$1,404,432
55$1,855,808$894,127$698,876$1,450,423
56$1,977,483$870,321$654,670$1,499,670
57$2,109,438$843,218$606,853$1,552,531
58$2,252,655$812,591$555,238$1,609,407
59$2,408,215$778,196$499,627$1,670,742
60$2,577,303$739,779$439,815$1,737,030
61$2,761,228$697,068$375,588$1,808,823
62$2,961,426$649,776$306,723$1,886,732
63$3,179,478$597,602$232,985$1,971,437
64$3,417,125$540,225$154,130$2,063,693
65$3,676,282$477,306$69,904$2,164,340
66$3,959,057$408,489$0$2,274,308
67$4,267,772$333,395$0$2,396,976
68$4,604,979$251,626$0$2,540,054
69$4,973,491$162,760$0$2,696,635
70$5,376,403$66,351$0$2,868,165
71$5,817,124$0$0$3,056,244
72$6,299,408$0$0$3,279,819
73$6,827,385$0$0$3,557,450
74$7,405,608$0$0$3,861,607
75$8,039,087$0$0$4,194,939
76$8,733,341$0$0$4,560,363
77$9,494,449$0$0$4,961,093
78$10,329,104$0$0$5,400,668
79$11,244,680$0$0$5,882,986
80$12,249,298$0$0$6,412,341
81$13,351,903$0$0$6,993,463
82$14,562,350$0$0$7,631,562
83$15,891,491$0$0$8,332,378
84$17,351,283$0$0$9,102,232
85$18,954,899$0$0$9,948,089
86$20,716,848$0$0$10,877,623
87$22,653,114$0$0$11,899,287
88$24,781,309$0$0$13,022,393
89$27,120,834$0$0$14,257,201
90$29,693,063$0$0$15,615,015
91$32,521,545$0$0$17,108,289
92$35,632,225$0$0$18,750,744
93$39,053,690$0$0$20,557,498
94$42,817,434$0$0$22,545,207
95$46,958,158$0$0$24,732,224
96$51,514,097$0$0$27,138,771
97$56,527,377$0$0$29,787,126
98$62,044,415$0$0$32,701,840
99$68,116,354$0$0$35,909,963
100$74,799,550$0$0$39,441,298