Can I retire at age 45 with 943,000?

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 $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%13.3%
1 years$77,872$77,178$76,502$75,841$75,196$74,164
2 years$38,551$37,833$37,137$36,462$35,808$34,770
3 years$25,445$24,724$24,030$23,362$22,718$21,706
4 years$18,894$18,175$17,488$16,831$16,203$15,225
5 years$14,964$14,249$13,571$12,928$12,317$11,377
6 years$12,345$11,636$10,967$10,338$9,746$8,844
7 years$10,475$9,772$9,114$8,500$7,926$7,062
8 years$9,073$8,376$7,729$7,130$6,575$5,750
9 years$7,983$7,293$6,657$6,073$5,537$4,750
10 years$7,112$6,428$5,804$5,235$4,718$3,968
11 years$6,399$5,723$5,110$4,556$4,058$3,344
12 years$5,806$5,136$4,535$3,996$3,516$2,839
13 years$5,305$4,642$4,052$3,528$3,066$2,424
14 years$4,875$4,219$3,640$3,132$2,688$2,079
15 years$4,503$3,854$3,287$2,793$2,367$1,791
16 years$4,178$3,536$2,980$2,501$2,092$1,548
17 years$3,891$3,257$2,712$2,247$1,855$1,341
18 years$3,637$3,009$2,475$2,025$1,649$1,165
19 years$3,409$2,789$2,266$1,830$1,470$1,014
20 years$3,205$2,592$2,080$1,657$1,313$885
21 years$3,020$2,414$1,913$1,504$1,175$773
22 years$2,853$2,254$1,763$1,368$1,053$676
23 years$2,700$2,108$1,628$1,245$945$592
24 years$2,560$1,975$1,505$1,136$850$519
25 years$2,431$1,853$1,394$1,037$765$455
26 years$2,313$1,742$1,293$949$689$399
27 years$2,203$1,639$1,201$868$621$351
28 years$2,102$1,545$1,116$795$560$308
29 years$2,007$1,457$1,039$729$506$271
30 years$1,920$1,376$968$669$457$239
31 years$1,837$1,301$902$615$413$210
32 years$1,761$1,231$842$565$374$185
33 years$1,689$1,166$786$520$338$163
34 years$1,621$1,105$734$478$306$143
35 years$1,558$1,048$687$440$277$126
36 years$1,498$995$642$405$251$111
37 years$1,441$945$601$373$228$98
38 years$1,388$898$563$344$207$87
39 years$1,337$854$527$317$187$76
40 years$1,289$812$494$293$170$67
41 years$1,244$773$464$270$154$59
42 years$1,201$736$435$249$140$52
43 years$1,160$702$408$230$127$46
44 years$1,120$669$383$212$115$41
45 years$1,083$638$360$196$105$36
46 years$1,048$608$338$181$95$32
47 years$1,014$581$317$167$86$28
48 years$981$554$298$155$78$25
49 years$950$529$280$143$71$22
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 $2,999 every year, while hoping to spend $33,257 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: 50/44/6 Blend
44$943,000$943,000$943,000$943,000
45$1,042,279$992,300$977,684$1,092,698
46$1,113,207$1,005,538$975,051$1,140,595
47$1,190,254$1,018,310$971,216$1,188,788
48$1,274,010$1,030,557$966,102$1,240,359
49$1,365,124$1,042,219$959,631$1,295,633
50$1,464,308$1,053,229$951,719$1,354,965
51$1,572,346$1,063,516$942,281$1,418,752
52$1,690,103$1,073,006$931,225$1,487,427
53$1,818,529$1,081,619$918,457$1,561,473
54$1,958,669$1,089,268$903,875$1,641,420
55$2,111,675$1,095,864$887,377$1,727,855
56$2,278,814$1,101,310$868,852$1,821,423
57$2,461,481$1,105,502$848,187$1,922,839
58$2,661,213$1,108,332$825,261$2,032,893
59$2,879,700$1,109,683$799,951$2,152,454
60$3,118,804$1,109,433$772,124$2,282,484
61$3,380,577$1,107,450$741,645$2,424,043
62$3,667,275$1,103,594$708,369$2,578,304
63$3,981,386$1,097,719$672,148$2,746,557
64$4,325,648$1,089,667$632,826$2,930,232
65$4,703,076$1,079,273$590,238$3,130,902
66$5,116,993$1,066,361$544,214$3,350,306
67$5,571,056$1,050,743$494,575$3,590,363
68$6,069,297$1,032,222$441,136$3,853,190
69$6,616,152$1,010,588$383,701$4,141,125
70$7,216,512$985,619$322,068$4,456,747
71$7,875,763$957,081$256,023$4,802,901
72$8,599,836$924,724$185,346$5,182,729
73$9,395,269$888,285$109,804$5,599,695
74$10,269,261$847,485$29,157$6,057,624
75$11,229,744$802,030$0$6,560,735
76$12,285,456$751,607$0$7,117,325
77$13,446,024$695,888$0$7,731,115
78$14,722,055$634,523$0$8,405,922
79$16,125,234$567,144$0$9,148,012
80$17,668,435$493,362$0$9,964,300
81$19,365,844$412,765$0$10,862,412
82$21,233,088$324,918$0$11,850,758
83$23,287,386$229,362$0$12,938,615
84$25,547,712$125,613$0$14,136,211
85$28,034,968$13,158$0$15,454,831
86$30,772,189$0$0$16,906,913
87$33,784,752$0$0$18,558,734
88$37,100,621$0$0$20,383,993
89$40,750,608$0$0$22,393,295
90$44,768,665$0$0$24,605,345
91$49,192,200$0$0$27,040,754
92$54,062,435$0$0$29,722,233
93$59,424,793$0$0$32,674,808
94$65,329,322$0$0$35,926,053
95$71,831,174$0$0$39,506,356
96$78,991,120$0$0$43,449,199
97$86,876,126$0$0$47,791,477
98$95,559,981$0$0$52,573,848
99$105,123,998$0$0$57,841,111
100$115,657,777$0$0$63,642,633