Can I retire at age 45 with 942,000?

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 $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%16.2%
1 years$77,789$77,097$76,421$75,761$75,116$73,211
2 years$38,510$37,792$37,097$36,423$35,770$33,863
3 years$25,418$24,698$24,004$23,337$22,694$20,845
4 years$18,874$18,155$17,469$16,813$16,185$14,408
5 years$14,948$14,234$13,557$12,914$12,304$10,604
6 years$12,332$11,623$10,956$10,327$9,736$8,114
7 years$10,464$9,761$9,104$8,491$7,918$6,375
8 years$9,063$8,367$7,721$7,123$6,568$5,104
9 years$7,975$7,285$6,650$6,067$5,532$4,143
10 years$7,104$6,421$5,798$5,230$4,713$3,400
11 years$6,393$5,717$5,104$4,551$4,054$2,814
12 years$5,800$5,131$4,530$3,992$3,513$2,344
13 years$5,299$4,637$4,047$3,525$3,063$1,963
14 years$4,870$4,215$3,636$3,129$2,685$1,651
15 years$4,498$3,850$3,283$2,790$2,364$1,394
16 years$4,173$3,533$2,977$2,498$2,089$1,180
17 years$3,887$3,253$2,709$2,245$1,853$1,002
18 years$3,633$3,006$2,473$2,023$1,647$852
19 years$3,406$2,786$2,264$1,828$1,468$726
20 years$3,202$2,589$2,077$1,656$1,312$620
21 years$3,017$2,412$1,911$1,503$1,174$529
22 years$2,850$2,251$1,761$1,366$1,052$453
23 years$2,697$2,105$1,626$1,244$944$388
24 years$2,557$1,973$1,504$1,135$849$332
25 years$2,429$1,851$1,393$1,036$764$285
26 years$2,310$1,740$1,292$948$688$244
27 years$2,201$1,637$1,200$867$620$209
28 years$2,100$1,543$1,115$795$560$180
29 years$2,005$1,456$1,038$729$505$154
30 years$1,918$1,375$967$669$457$133
31 years$1,836$1,299$901$614$413$114
32 years$1,759$1,230$841$564$373$98
33 years$1,687$1,164$785$519$338$84
34 years$1,619$1,104$734$478$306$72
35 years$1,556$1,047$686$440$277$62
36 years$1,496$994$642$405$251$54
37 years$1,440$944$600$373$228$46
38 years$1,386$897$562$344$206$40
39 years$1,336$853$527$317$187$34
40 years$1,288$811$494$292$170$29
41 years$1,242$772$463$270$154$25
42 years$1,199$736$434$249$140$22
43 years$1,158$701$408$230$127$19
44 years$1,119$668$383$212$115$16
45 years$1,082$637$359$196$104$14
46 years$1,047$608$337$181$95$12
47 years$1,013$580$317$167$86$10
48 years$980$554$298$155$78$9
49 years$949$529$280$143$71$8
50 years$920$505$263$132$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $942,000, adding $2,070 every year, while hoping to spend $56,719 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: 72/18/10 Blend
44$942,000$942,000$942,000$942,000
45$1,040,219$990,293$975,692$1,112,994
46$1,085,973$978,469$948,029$1,149,554
47$1,134,493$964,164$917,539$1,182,362
48$1,186,001$947,198$884,066$1,216,735
49$1,240,740$927,378$847,449$1,252,814
50$1,298,976$904,500$807,519$1,290,753
51$1,361,000$878,349$764,100$1,330,724
52$1,427,130$848,697$717,006$1,372,919
53$1,497,716$815,302$666,044$1,417,548
54$1,573,141$777,909$611,014$1,464,847
55$1,653,822$736,247$551,703$1,515,075
56$1,740,219$690,031$487,893$1,568,520
57$1,832,837$638,958$419,353$1,625,501
58$1,932,228$582,708$345,843$1,686,373
59$2,038,999$520,944$267,112$1,751,526
60$2,153,815$453,309$182,899$1,821,395
61$2,277,408$379,425$92,930$1,896,461
62$2,410,581$298,894$0$1,977,256
63$2,554,215$211,294$0$2,064,699
64$2,709,278$116,181$0$2,169,716
65$2,876,836$13,086$0$2,283,138
66$3,058,058$0$0$2,405,799
67$3,254,230$0$0$2,558,127
68$3,466,766$0$0$2,726,008
69$3,697,219$0$0$2,908,082
70$3,947,299$0$0$3,105,704
71$4,218,885$0$0$3,320,365
72$4,514,045$0$0$3,553,704
73$4,835,054$0$0$3,807,526
74$5,184,414$0$0$4,083,815
75$5,564,879$0$0$4,384,755
76$5,979,478$0$0$4,712,750
77$6,431,546$0$0$5,070,443
78$6,924,753$0$0$5,460,746
79$7,463,139$0$0$5,886,864
80$8,051,150$0$0$6,352,322
81$8,693,682$0$0$6,861,006
82$9,396,123$0$0$7,417,188
83$10,164,407$0$0$8,025,576
84$11,005,067$0$0$8,691,352
85$11,925,298$0$0$9,420,224
86$12,933,019$0$0$10,218,474
87$14,036,956$0$0$11,093,024
88$15,246,714$0$0$12,051,494
89$16,572,875$0$0$13,102,279
90$18,027,090$0$0$14,254,621
91$19,622,194$0$0$15,518,703
92$21,372,324$0$0$16,905,741
93$23,293,049$0$0$18,428,086
94$25,401,523$0$0$20,099,346
95$27,716,637$0$0$21,934,510
96$30,259,203$0$0$23,950,089
97$33,052,149$0$0$26,164,273
98$36,120,730$0$0$28,597,098
99$39,492,770$0$0$31,270,640
100$43,198,921$0$0$34,209,217