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%18.4%
1 years$77,789$77,097$76,421$75,761$75,116$72,567
2 years$38,510$37,792$37,097$36,423$35,770$33,227
3 years$25,418$24,698$24,004$23,337$22,694$20,237
4 years$18,874$18,155$17,469$16,813$16,185$13,834
5 years$14,948$14,234$13,557$12,914$12,304$10,064
6 years$12,332$11,623$10,956$10,327$9,736$7,608
7 years$10,464$9,761$9,104$8,491$7,918$5,903
8 years$9,063$8,367$7,721$7,123$6,568$4,665
9 years$7,975$7,285$6,650$6,067$5,532$3,737
10 years$7,104$6,421$5,798$5,230$4,713$3,025
11 years$6,393$5,717$5,104$4,551$4,054$2,468
12 years$5,800$5,131$4,530$3,992$3,513$2,026
13 years$5,299$4,637$4,047$3,525$3,063$1,672
14 years$4,870$4,215$3,636$3,129$2,685$1,385
15 years$4,498$3,850$3,283$2,790$2,364$1,151
16 years$4,173$3,533$2,977$2,498$2,089$960
17 years$3,887$3,253$2,709$2,245$1,853$801
18 years$3,633$3,006$2,473$2,023$1,647$671
19 years$3,406$2,786$2,264$1,828$1,468$562
20 years$3,202$2,589$2,077$1,656$1,312$472
21 years$3,017$2,412$1,911$1,503$1,174$396
22 years$2,850$2,251$1,761$1,366$1,052$333
23 years$2,697$2,105$1,626$1,244$944$280
24 years$2,557$1,973$1,504$1,135$849$236
25 years$2,429$1,851$1,393$1,036$764$199
26 years$2,310$1,740$1,292$948$688$167
27 years$2,201$1,637$1,200$867$620$141
28 years$2,100$1,543$1,115$795$560$119
29 years$2,005$1,456$1,038$729$505$100
30 years$1,918$1,375$967$669$457$85
31 years$1,836$1,299$901$614$413$71
32 years$1,759$1,230$841$564$373$60
33 years$1,687$1,164$785$519$338$51
34 years$1,619$1,104$734$478$306$43
35 years$1,556$1,047$686$440$277$36
36 years$1,496$994$642$405$251$31
37 years$1,440$944$600$373$228$26
38 years$1,386$897$562$344$206$22
39 years$1,336$853$527$317$187$18
40 years$1,288$811$494$292$170$16
41 years$1,242$772$463$270$154$13
42 years$1,199$736$434$249$140$11
43 years$1,158$701$408$230$127$9
44 years$1,119$668$383$212$115$8
45 years$1,082$637$359$196$104$7
46 years$1,047$608$337$181$95$6
47 years$1,013$580$317$167$86$5
48 years$980$554$298$155$78$4
49 years$949$529$280$143$71$3
50 years$920$505$263$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $942,000, adding $4,123 every year, while hoping to spend $41,919 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: 74/8/18 Blend
44$942,000$942,000$942,000$942,000
45$1,042,337$992,411$977,810$1,114,827
46$1,104,054$996,438$965,965$1,167,464
47$1,170,661$999,257$952,318$1,219,598
48$1,242,613$1,000,764$936,765$1,275,630
49$1,320,409$1,000,851$919,197$1,335,938
50$1,404,598$999,401$899,497$1,400,938
51$1,495,784$996,288$877,547$1,471,090
52$1,594,630$991,383$853,222$1,546,900
53$1,701,867$984,545$826,389$1,628,928
54$1,818,296$975,626$796,911$1,717,791
55$1,944,800$964,470$764,646$1,814,168
56$2,082,350$950,909$729,442$1,918,809
57$2,232,014$934,769$691,143$2,032,542
58$2,394,969$915,861$649,585$2,156,279
59$2,572,506$893,989$604,597$2,291,026
60$2,766,049$868,942$555,998$2,437,894
61$2,977,165$840,499$503,603$2,598,106
62$3,207,577$808,425$447,216$2,773,012
63$3,459,184$772,472$386,631$2,964,102
64$3,734,075$732,377$321,637$3,173,017
65$4,034,549$687,861$252,010$3,401,569
66$4,363,138$638,632$177,518$3,651,755
67$4,722,632$584,379$97,919$3,925,777
68$5,116,099$524,772$12,957$4,226,064
69$5,546,920$459,465$0$4,555,295
70$6,018,817$388,090$0$4,931,349
71$6,535,891$310,261$0$5,346,183
72$7,102,656$225,567$0$5,800,954
73$7,724,083$133,577$0$6,299,679
74$8,405,651$33,833$0$6,846,787
75$9,153,390$0$0$7,447,155
76$9,973,946$0$0$8,112,686
77$10,874,635$0$0$8,846,523
78$11,863,521$0$0$9,652,261
79$12,949,482$0$0$10,537,141
80$14,142,302$0$0$11,509,140
81$15,452,756$0$0$12,577,046
82$16,892,717$0$0$13,750,537
83$18,475,263$0$0$15,040,280
84$20,214,802$0$0$16,458,023
85$22,127,209$0$0$18,016,710
86$24,229,972$0$0$19,730,603
87$26,542,360$0$0$21,615,412
88$29,085,600$0$0$23,688,449
89$31,883,082$0$0$25,968,786
90$34,960,576$0$0$28,477,437
91$38,346,475$0$0$31,237,555
92$42,072,063$0$0$34,274,651
93$46,171,810$0$0$37,616,833
94$50,683,696$0$0$41,295,072
95$55,649,568$0$0$45,343,493
96$61,115,538$0$0$49,799,697
97$67,132,412$0$0$54,705,115
98$73,756,175$0$0$60,105,401
99$81,048,514$0$0$66,050,857
100$89,077,402$0$0$72,596,913