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%13.2%
1 years$77,789$77,097$76,421$75,761$75,116$74,116
2 years$38,510$37,792$37,097$36,423$35,770$34,764
3 years$25,418$24,698$24,004$23,337$22,694$21,713
4 years$18,874$18,155$17,469$16,813$16,185$15,238
5 years$14,948$14,234$13,557$12,914$12,304$11,392
6 years$12,332$11,623$10,956$10,327$9,736$8,860
7 years$10,464$9,761$9,104$8,491$7,918$7,080
8 years$9,063$8,367$7,721$7,123$6,568$5,767
9 years$7,975$7,285$6,650$6,067$5,532$4,767
10 years$7,104$6,421$5,798$5,230$4,713$3,985
11 years$6,393$5,717$5,104$4,551$4,054$3,361
12 years$5,800$5,131$4,530$3,992$3,513$2,854
13 years$5,299$4,637$4,047$3,525$3,063$2,439
14 years$4,870$4,215$3,636$3,129$2,685$2,093
15 years$4,498$3,850$3,283$2,790$2,364$1,804
16 years$4,173$3,533$2,977$2,498$2,089$1,560
17 years$3,887$3,253$2,709$2,245$1,853$1,353
18 years$3,633$3,006$2,473$2,023$1,647$1,176
19 years$3,406$2,786$2,264$1,828$1,468$1,025
20 years$3,202$2,589$2,077$1,656$1,312$894
21 years$3,017$2,412$1,911$1,503$1,174$782
22 years$2,850$2,251$1,761$1,366$1,052$684
23 years$2,697$2,105$1,626$1,244$944$600
24 years$2,557$1,973$1,504$1,135$849$526
25 years$2,429$1,851$1,393$1,036$764$462
26 years$2,310$1,740$1,292$948$688$406
27 years$2,201$1,637$1,200$867$620$357
28 years$2,100$1,543$1,115$795$560$314
29 years$2,005$1,456$1,038$729$505$276
30 years$1,918$1,375$967$669$457$243
31 years$1,836$1,299$901$614$413$214
32 years$1,759$1,230$841$564$373$189
33 years$1,687$1,164$785$519$338$166
34 years$1,619$1,104$734$478$306$147
35 years$1,556$1,047$686$440$277$129
36 years$1,496$994$642$405$251$114
37 years$1,440$944$600$373$228$101
38 years$1,386$897$562$344$206$89
39 years$1,336$853$527$317$187$78
40 years$1,288$811$494$292$170$69
41 years$1,242$772$463$270$154$61
42 years$1,199$736$434$249$140$54
43 years$1,158$701$408$230$127$48
44 years$1,119$668$383$212$115$42
45 years$1,082$637$359$196$104$37
46 years$1,047$608$337$181$95$33
47 years$1,013$580$317$167$86$29
48 years$980$554$298$155$78$26
49 years$949$529$280$143$71$23
50 years$920$505$263$132$65$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $942,000, adding $5,363 every year, while hoping to spend $54,255 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: 70/22/8 Blend
44$942,000$942,000$942,000$942,000
45$1,043,616$993,690$979,089$1,114,851
46$1,092,338$984,654$954,162$1,153,657
47$1,144,211$973,357$926,581$1,188,938
48$1,199,500$959,630$896,200$1,226,067
49$1,258,493$943,296$862,867$1,265,213
50$1,321,508$924,166$826,422$1,306,564
51$1,388,891$902,040$786,697$1,350,328
52$1,461,025$876,707$743,518$1,396,736
53$1,538,326$847,942$696,702$1,446,042
54$1,621,252$815,508$646,058$1,498,531
55$1,710,306$779,154$591,388$1,554,515
56$1,806,040$738,616$532,482$1,614,342
57$1,909,059$693,611$469,123$1,678,397
58$2,020,028$643,843$401,084$1,747,105
59$2,139,678$588,998$328,127$1,820,938
60$2,268,811$528,745$250,005$1,900,417
61$2,408,309$462,732$166,459$1,986,122
62$2,559,139$390,589$77,219$2,078,691
63$2,722,368$311,924$0$2,178,832
64$2,899,165$226,324$0$2,288,867
65$3,090,817$133,352$0$2,415,258
66$3,298,740$32,546$0$2,552,393
67$3,524,490$0$0$2,701,360
68$3,769,779$0$0$2,881,899
69$4,036,489$0$0$3,086,817
70$4,326,693$0$0$3,309,832
71$4,642,671$0$0$3,552,702
72$4,986,929$0$0$3,817,360
73$5,362,229$0$0$4,105,936
74$5,771,609$0$0$4,420,771
75$6,218,412$0$0$4,764,444
76$6,706,319$0$0$5,139,794
77$7,239,381$0$0$5,549,944
78$7,822,060$0$0$5,998,336
79$8,459,267$0$0$6,488,756
80$9,156,409$0$0$7,025,374
81$9,919,439$0$0$7,612,782
82$10,754,915$0$0$8,256,037
83$11,670,055$0$0$8,960,707
84$12,672,811$0$0$9,732,923
85$13,771,939$0$0$10,579,440
86$14,977,082$0$0$11,507,694
87$16,298,863$0$0$12,525,879
88$17,748,981$0$0$13,643,017
89$19,340,321$0$0$14,869,047
90$21,087,077$0$0$16,214,918
91$23,004,885$0$0$17,692,688
92$25,110,968$0$0$19,315,642
93$27,424,298$0$0$21,098,413
94$29,965,776$0$0$23,057,123
95$32,758,427$0$0$25,209,532
96$35,827,616$0$0$27,575,205
97$39,201,290$0$0$30,175,697
98$42,910,235$0$0$33,034,756
99$46,988,371$0$0$36,178,544
100$51,473,067$0$0$39,635,888