Can I retire at age 45 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$77,872$77,178$76,502$75,841$75,196$74,134
2 years$38,551$37,833$37,137$36,462$35,808$34,739
3 years$25,445$24,724$24,030$23,362$22,718$21,677
4 years$18,894$18,175$17,488$16,831$16,203$15,197
5 years$14,964$14,249$13,571$12,928$12,317$11,349
6 years$12,345$11,636$10,967$10,338$9,746$8,818
7 years$10,475$9,772$9,114$8,500$7,926$7,038
8 years$9,073$8,376$7,729$7,130$6,575$5,727
9 years$7,983$7,293$6,657$6,073$5,537$4,728
10 years$7,112$6,428$5,804$5,235$4,718$3,947
11 years$6,399$5,723$5,110$4,556$4,058$3,325
12 years$5,806$5,136$4,535$3,996$3,516$2,820
13 years$5,305$4,642$4,052$3,528$3,066$2,406
14 years$4,875$4,219$3,640$3,132$2,688$2,063
15 years$4,503$3,854$3,287$2,793$2,367$1,776
16 years$4,178$3,536$2,980$2,501$2,092$1,533
17 years$3,891$3,257$2,712$2,247$1,855$1,328
18 years$3,637$3,009$2,475$2,025$1,649$1,153
19 years$3,409$2,789$2,266$1,830$1,470$1,003
20 years$3,205$2,592$2,080$1,657$1,313$874
21 years$3,020$2,414$1,913$1,504$1,175$763
22 years$2,853$2,254$1,763$1,368$1,053$667
23 years$2,700$2,108$1,628$1,245$945$583
24 years$2,560$1,975$1,505$1,136$850$511
25 years$2,431$1,853$1,394$1,037$765$448
26 years$2,313$1,742$1,293$949$689$393
27 years$2,203$1,639$1,201$868$621$345
28 years$2,102$1,545$1,116$795$560$303
29 years$2,007$1,457$1,039$729$506$266
30 years$1,920$1,376$968$669$457$234
31 years$1,837$1,301$902$615$413$206
32 years$1,761$1,231$842$565$374$181
33 years$1,689$1,166$786$520$338$159
34 years$1,621$1,105$734$478$306$140
35 years$1,558$1,048$687$440$277$123
36 years$1,498$995$642$405$251$109
37 years$1,441$945$601$373$228$96
38 years$1,388$898$563$344$207$84
39 years$1,337$854$527$317$187$74
40 years$1,289$812$494$293$170$65
41 years$1,244$773$464$270$154$58
42 years$1,201$736$435$249$140$51
43 years$1,160$702$408$230$127$45
44 years$1,120$669$383$212$115$39
45 years$1,083$638$360$196$105$35
46 years$1,048$608$338$181$95$31
47 years$1,014$581$317$167$86$27
48 years$981$554$298$155$78$24
49 years$950$529$280$143$71$21
50 years$921$506$263$132$65$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $943,000, adding $2,625 every year, while hoping to spend $44,719 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: 56/32/12 Blend
44$943,000$943,000$943,000$943,000
45$1,041,894$991,915$977,298$1,096,936
46$1,100,586$992,938$962,457$1,135,522
47$1,163,767$992,512$945,620$1,172,396
48$1,231,845$990,520$926,673$1,211,509
49$1,305,273$986,835$905,496$1,253,082
50$1,384,546$981,325$881,965$1,297,361
51$1,470,208$973,848$855,949$1,344,619
52$1,562,857$964,255$827,311$1,395,157
53$1,663,151$952,386$795,909$1,449,311
54$1,771,813$938,073$761,592$1,507,451
55$1,889,637$921,138$724,205$1,569,989
56$2,017,499$901,392$683,584$1,637,380
57$2,156,358$878,635$639,559$1,710,131
58$2,307,273$852,654$591,950$1,788,800
59$2,471,406$823,226$540,572$1,874,007
60$2,650,038$790,113$485,230$1,966,437
61$2,844,577$753,063$425,720$2,066,852
62$3,056,572$711,812$361,830$2,176,091
63$3,287,729$666,077$293,338$2,295,085
64$3,539,925$615,562$220,012$2,424,864
65$3,815,225$559,952$141,610$2,566,568
66$4,115,904$498,916$57,880$2,721,458
67$4,444,466$432,102$0$2,890,928
68$4,803,665$359,140$0$3,080,551
69$5,196,539$279,637$0$3,296,173
70$5,626,426$193,179$0$3,532,299
71$6,097,007$99,331$0$3,791,052
72$6,612,333$0$0$4,074,777
73$7,176,865$0$0$4,386,898
74$7,795,516$0$0$4,767,355
75$8,473,699$0$0$5,184,507
76$9,217,372$0$0$5,642,032
77$10,033,099$0$0$6,143,979
78$10,928,110$0$0$6,694,807
79$11,910,369$0$0$7,299,430
80$12,988,647$0$0$7,963,261
81$14,172,608$0$0$8,692,259
82$15,472,895$0$0$9,492,993
83$16,901,234$0$0$10,372,697
84$18,470,541$0$0$11,339,340
85$20,195,047$0$0$12,401,702
86$22,090,429$0$0$13,569,457
87$24,173,958$0$0$14,853,260
88$26,464,661$0$0$16,264,852
89$28,983,502$0$0$17,817,168
90$31,753,578$0$0$19,524,460
91$34,800,335$0$0$21,402,428
92$38,151,809$0$0$23,468,373
93$41,838,892$0$0$25,741,356
94$45,895,619$0$0$28,242,378
95$50,359,490$0$0$30,994,579
96$55,271,825$0$0$34,023,456
97$60,678,153$0$0$37,357,104
98$66,628,636$0$0$41,026,475
99$73,178,550$0$0$45,065,679
100$80,388,800$0$0$49,512,299