Can I retire at age 45 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$77,955$77,260$76,583$75,922$75,276$72,346
2 years$38,591$37,873$37,176$36,501$35,846$32,930
3 years$25,472$24,750$24,055$23,386$22,742$19,931
4 years$18,914$18,194$17,506$16,849$16,220$13,536
5 years$14,980$14,264$13,586$12,941$12,330$9,779
6 years$12,358$11,648$10,979$10,349$9,756$7,341
7 years$10,486$9,782$9,124$8,509$7,934$5,654
8 years$9,082$8,385$7,738$7,138$6,582$4,434
9 years$7,992$7,301$6,664$6,080$5,543$3,524
10 years$7,119$6,435$5,810$5,241$4,723$2,829
11 years$6,406$5,729$5,115$4,561$4,062$2,288
12 years$5,812$5,142$4,540$4,001$3,520$1,862
13 years$5,310$4,647$4,056$3,532$3,070$1,523
14 years$4,880$4,224$3,644$3,135$2,691$1,251
15 years$4,508$3,858$3,290$2,796$2,369$1,030
16 years$4,182$3,540$2,983$2,504$2,094$850
17 years$3,895$3,260$2,714$2,250$1,857$703
18 years$3,641$3,013$2,478$2,027$1,651$583
19 years$3,413$2,792$2,268$1,832$1,471$484
20 years$3,208$2,595$2,082$1,659$1,314$402
21 years$3,023$2,417$1,915$1,506$1,176$334
22 years$2,856$2,256$1,765$1,369$1,054$278
23 years$2,703$2,110$1,630$1,247$946$232
24 years$2,562$1,977$1,507$1,137$851$193
25 years$2,434$1,855$1,396$1,039$765$161
26 years$2,315$1,744$1,295$950$689$134
27 years$2,206$1,641$1,202$869$622$112
28 years$2,104$1,546$1,118$796$561$93
29 years$2,010$1,459$1,040$730$506$78
30 years$1,922$1,378$969$670$458$65
31 years$1,839$1,302$903$616$414$54
32 years$1,763$1,232$843$566$374$45
33 years$1,691$1,167$787$520$339$38
34 years$1,623$1,106$735$479$307$32
35 years$1,559$1,049$687$441$278$26
36 years$1,499$996$643$406$252$22
37 years$1,443$946$602$374$228$18
38 years$1,389$899$564$345$207$15
39 years$1,339$855$528$318$188$13
40 years$1,291$813$495$293$170$11
41 years$1,245$774$464$270$154$9
42 years$1,202$737$435$250$140$7
43 years$1,161$702$408$230$127$6
44 years$1,122$669$383$213$115$5
45 years$1,084$638$360$196$105$4
46 years$1,049$609$338$181$95$4
47 years$1,015$581$318$168$86$3
48 years$982$555$298$155$78$3
49 years$951$530$281$143$71$2
50 years$922$506$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $944,000, adding $4,788 every year, while hoping to spend $47,248 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: 62/21/17 Blend
44$944,000$944,000$944,000$944,000
45$1,045,227$995,195$980,563$1,105,261
46$1,101,568$993,688$963,140$1,144,737
47$1,162,073$990,524$943,550$1,182,063
48$1,227,116$985,571$921,671$1,221,697
49$1,297,109$978,690$897,373$1,263,867
50$1,372,503$969,735$870,524$1,308,827
51$1,453,794$958,548$840,983$1,356,856
52$1,541,528$944,963$808,602$1,408,264
53$1,636,303$928,806$773,230$1,463,395
54$1,738,777$909,889$734,705$1,522,630
55$1,849,675$888,016$692,860$1,586,390
56$1,969,791$862,978$647,519$1,655,142
57$2,099,999$834,553$598,501$1,729,403
58$2,241,261$802,509$545,613$1,809,744
59$2,394,635$766,596$488,656$1,896,798
60$2,561,282$726,554$427,420$1,991,267
61$2,742,483$682,105$361,689$2,093,924
62$2,939,645$632,957$291,234$2,205,627
63$3,154,316$578,800$215,818$2,327,325
64$3,388,201$519,306$135,193$2,460,065
65$3,643,175$454,129$49,099$2,605,009
66$3,921,301$382,904$0$2,763,437
67$4,224,852$305,244$0$2,944,528
68$4,556,328$220,742$0$3,152,098
69$4,918,481$128,966$0$3,379,016
70$5,314,342$29,462$0$3,627,253
71$5,747,248$0$0$3,898,981
72$6,220,872$0$0$4,214,683
73$6,739,258$0$0$4,567,741
74$7,306,861$0$0$4,954,392
75$7,928,587$0$0$5,377,984
76$8,609,835$0$0$5,842,207
77$9,356,556$0$0$6,351,125
78$10,175,300$0$0$6,909,212
79$11,073,284$0$0$7,521,397
80$12,058,456$0$0$8,193,110
81$13,139,570$0$0$8,930,330
82$14,326,269$0$0$9,739,645
83$15,629,174$0$0$10,628,311
84$17,059,987$0$0$11,604,319
85$18,631,598$0$0$12,676,476
86$20,358,204$0$0$13,854,481
87$22,255,449$0$0$15,149,020
88$24,340,565$0$0$16,571,866
89$26,632,538$0$0$18,135,988
90$29,152,283$0$0$19,855,675
91$31,922,843$0$0$21,746,669
92$34,969,607$0$0$23,826,315
93$38,320,545$0$0$26,113,721
94$42,006,477$0$0$28,629,942
95$46,061,356$0$0$31,398,176
96$50,522,595$0$0$34,443,980
97$55,431,415$0$0$37,795,517
98$60,833,233$0$0$41,483,815
99$66,778,092$0$0$45,543,065
100$73,321,133$0$0$50,010,936