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%19.6%
1 years$77,872$77,178$76,502$75,841$75,196$72,298
2 years$38,551$37,833$37,137$36,462$35,808$32,923
3 years$25,445$24,724$24,030$23,362$22,718$19,937
4 years$18,894$18,175$17,488$16,831$16,203$13,546
5 years$14,964$14,249$13,571$12,928$12,317$9,792
6 years$12,345$11,636$10,967$10,338$9,746$7,355
7 years$10,475$9,772$9,114$8,500$7,926$5,667
8 years$9,073$8,376$7,729$7,130$6,575$4,447
9 years$7,983$7,293$6,657$6,073$5,537$3,536
10 years$7,112$6,428$5,804$5,235$4,718$2,841
11 years$6,399$5,723$5,110$4,556$4,058$2,300
12 years$5,806$5,136$4,535$3,996$3,516$1,873
13 years$5,305$4,642$4,052$3,528$3,066$1,533
14 years$4,875$4,219$3,640$3,132$2,688$1,259
15 years$4,503$3,854$3,287$2,793$2,367$1,038
16 years$4,178$3,536$2,980$2,501$2,092$857
17 years$3,891$3,257$2,712$2,247$1,855$710
18 years$3,637$3,009$2,475$2,025$1,649$589
19 years$3,409$2,789$2,266$1,830$1,470$489
20 years$3,205$2,592$2,080$1,657$1,313$406
21 years$3,020$2,414$1,913$1,504$1,175$338
22 years$2,853$2,254$1,763$1,368$1,053$282
23 years$2,700$2,108$1,628$1,245$945$235
24 years$2,560$1,975$1,505$1,136$850$196
25 years$2,431$1,853$1,394$1,037$765$163
26 years$2,313$1,742$1,293$949$689$136
27 years$2,203$1,639$1,201$868$621$114
28 years$2,102$1,545$1,116$795$560$95
29 years$2,007$1,457$1,039$729$506$79
30 years$1,920$1,376$968$669$457$66
31 years$1,837$1,301$902$615$413$55
32 years$1,761$1,231$842$565$374$46
33 years$1,689$1,166$786$520$338$39
34 years$1,621$1,105$734$478$306$32
35 years$1,558$1,048$687$440$277$27
36 years$1,498$995$642$405$251$23
37 years$1,441$945$601$373$228$19
38 years$1,388$898$563$344$207$16
39 years$1,337$854$527$317$187$13
40 years$1,289$812$494$293$170$11
41 years$1,244$773$464$270$154$9
42 years$1,201$736$435$249$140$8
43 years$1,160$702$408$230$127$6
44 years$1,120$669$383$212$115$5
45 years$1,083$638$360$196$105$5
46 years$1,048$608$338$181$95$4
47 years$1,014$581$317$167$86$3
48 years$981$554$298$155$78$3
49 years$950$529$280$143$71$2
50 years$921$506$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 $943,000, adding $6,980 every year, while hoping to spend $37,125 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: 42/38/20 Blend
44$943,000$943,000$943,000$943,000
45$1,046,386$996,407$981,790$1,083,942
46$1,113,617$1,005,730$975,180$1,120,592
47$1,186,460$1,014,266$967,103$1,156,125
48$1,265,451$1,021,936$957,473$1,193,840
49$1,351,175$1,028,659$946,196$1,233,955
50$1,444,276$1,034,345$933,175$1,276,715
51$1,545,466$1,038,902$918,310$1,322,389
52$1,655,524$1,042,228$901,494$1,371,278
53$1,775,309$1,044,219$882,616$1,423,713
54$1,905,766$1,044,762$861,559$1,480,063
55$2,047,936$1,043,736$838,202$1,540,736
56$2,202,961$1,041,015$812,418$1,606,186
57$2,372,103$1,036,465$784,074$1,676,915
58$2,556,747$1,029,941$753,029$1,753,477
59$2,758,419$1,021,292$719,140$1,836,489
60$2,978,799$1,010,357$682,253$1,926,634
61$3,219,738$996,965$642,210$2,024,666
62$3,483,271$980,936$598,843$2,131,421
63$3,771,641$962,078$551,981$2,247,826
64$4,087,316$940,188$501,440$2,374,904
65$4,433,015$915,051$447,031$2,513,789
66$4,811,733$886,438$388,557$2,665,736
67$5,226,767$854,111$325,811$2,832,132
68$5,681,747$817,812$258,576$3,014,511
69$6,180,674$777,274$186,626$3,214,570
70$6,727,952$732,209$109,727$3,434,187
71$7,328,433$682,317$27,633$3,675,435
72$7,987,461$627,279$0$3,940,609
73$8,710,924$566,757$0$4,245,042
74$9,505,305$500,395$0$4,585,861
75$10,377,747$427,816$0$4,960,320
76$11,336,120$348,621$0$5,371,902
77$12,389,092$262,392$0$5,824,449
78$13,546,213$168,683$0$6,322,206
79$14,818,004$67,025$0$6,869,854
80$16,216,054$0$0$7,472,559
81$17,753,134$0$0$8,154,036
82$19,443,312$0$0$8,934,339
83$21,302,088$0$0$9,792,613
84$23,346,540$0$0$10,736,762
85$25,595,482$0$0$11,775,490
86$28,069,645$0$0$12,918,391
87$30,791,870$0$0$14,176,035
88$33,787,325$0$0$15,560,068
89$37,083,739$0$0$17,083,321
90$40,711,666$0$0$18,759,935
91$44,704,771$0$0$20,605,487
92$49,100,148$0$0$22,637,145
93$53,938,673$0$0$24,873,824
94$59,265,381$0$0$27,336,366
95$65,129,900$0$0$30,047,739
96$71,586,912$0$0$33,033,247
97$78,696,674$0$0$36,320,778
98$86,525,579$0$0$39,941,058
99$95,146,792$0$0$43,927,947
100$104,640,929$0$0$48,318,755