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%11.8%
1 years$77,955$77,260$76,583$75,922$75,276$74,708
2 years$38,591$37,873$37,176$36,501$35,846$35,273
3 years$25,472$24,750$24,055$23,386$22,742$22,182
4 years$18,914$18,194$17,506$16,849$16,220$15,677
5 years$14,980$14,264$13,586$12,941$12,330$11,807
6 years$12,358$11,648$10,979$10,349$9,756$9,253
7 years$10,486$9,782$9,124$8,509$7,934$7,451
8 years$9,082$8,385$7,738$7,138$6,582$6,118
9 years$7,992$7,301$6,664$6,080$5,543$5,099
10 years$7,119$6,435$5,810$5,241$4,723$4,299
11 years$6,406$5,729$5,115$4,561$4,062$3,657
12 years$5,812$5,142$4,540$4,001$3,520$3,134
13 years$5,310$4,647$4,056$3,532$3,070$2,701
14 years$4,880$4,224$3,644$3,135$2,691$2,341
15 years$4,508$3,858$3,290$2,796$2,369$2,036
16 years$4,182$3,540$2,983$2,504$2,094$1,778
17 years$3,895$3,260$2,714$2,250$1,857$1,557
18 years$3,641$3,013$2,478$2,027$1,651$1,367
19 years$3,413$2,792$2,268$1,832$1,471$1,203
20 years$3,208$2,595$2,082$1,659$1,314$1,061
21 years$3,023$2,417$1,915$1,506$1,176$937
22 years$2,856$2,256$1,765$1,369$1,054$829
23 years$2,703$2,110$1,630$1,247$946$734
24 years$2,562$1,977$1,507$1,137$851$651
25 years$2,434$1,855$1,396$1,039$765$578
26 years$2,315$1,744$1,295$950$689$513
27 years$2,206$1,641$1,202$869$622$456
28 years$2,104$1,546$1,118$796$561$406
29 years$2,010$1,459$1,040$730$506$361
30 years$1,922$1,378$969$670$458$322
31 years$1,839$1,302$903$616$414$287
32 years$1,763$1,232$843$566$374$256
33 years$1,691$1,167$787$520$339$228
34 years$1,623$1,106$735$479$307$203
35 years$1,559$1,049$687$441$278$181
36 years$1,499$996$643$406$252$162
37 years$1,443$946$602$374$228$145
38 years$1,389$899$564$345$207$129
39 years$1,339$855$528$318$188$115
40 years$1,291$813$495$293$170$103
41 years$1,245$774$464$270$154$92
42 years$1,202$737$435$250$140$82
43 years$1,161$702$408$230$127$73
44 years$1,122$669$383$213$115$66
45 years$1,084$638$360$196$105$59
46 years$1,049$609$338$181$95$52
47 years$1,015$581$318$168$86$47
48 years$982$555$298$155$78$42
49 years$951$530$281$143$71$37
50 years$922$506$264$132$65$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $944,000, adding $3,452 every year, while hoping to spend $43,392 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: 73/15/12 Blend
44$944,000$944,000$944,000$944,000
45$1,043,849$993,817$979,185$1,117,244
46$1,104,153$996,345$965,819$1,168,765
47$1,169,153$997,543$950,551$1,219,475
48$1,239,283$997,299$933,271$1,273,840
49$1,315,020$995,496$913,865$1,332,209
50$1,396,885$992,009$892,213$1,394,969
51$1,485,454$986,704$868,189$1,462,547
52$1,581,359$979,441$841,662$1,535,411
53$1,685,295$970,071$812,494$1,614,082
54$1,798,025$958,434$780,543$1,699,130
55$1,920,389$944,364$745,657$1,791,187
56$2,053,313$927,681$707,680$1,890,949
57$2,197,811$908,198$666,448$1,999,183
58$2,355,002$885,714$621,788$2,116,736
59$2,526,118$860,019$573,523$2,244,543
60$2,712,510$830,888$521,464$2,383,635
61$2,915,669$798,085$465,416$2,535,149
62$3,137,235$761,359$405,175$2,700,338
63$3,379,011$720,444$340,527$2,880,587
64$3,642,985$675,060$271,250$3,077,422
65$3,931,343$624,911$197,110$3,292,527
66$4,246,491$569,684$117,864$3,527,758
67$4,591,080$509,045$33,260$3,785,164
68$4,968,029$442,646$0$4,067,005
69$5,380,548$370,117$0$4,383,075
70$5,832,177$291,065$0$4,733,840
71$6,326,810$205,078$0$5,118,106
72$6,868,738$111,721$0$5,539,255
73$7,462,685$10,531$0$6,001,015
74$8,113,855$0$0$6,507,496
75$8,827,979$0$0$7,079,564
76$9,611,368$0$0$7,709,071
77$10,470,976$0$0$8,399,869
78$11,414,460$0$0$9,158,121
79$12,450,256$0$0$9,990,610
80$13,587,655$0$0$10,904,811
81$14,836,895$0$0$11,908,958
82$16,209,252$0$0$13,012,122
83$17,717,147$0$0$14,224,295
84$19,374,265$0$0$15,556,485
85$21,195,684$0$0$17,020,819
86$23,198,013$0$0$18,630,659
87$25,399,551$0$0$20,400,725
88$27,820,459$0$0$22,347,234
89$30,482,949$0$0$24,488,055
90$33,411,495$0$0$26,842,874
91$36,633,060$0$0$29,433,381
92$40,177,352$0$0$32,283,475
93$44,077,106$0$0$35,419,486
94$48,368,387$0$0$38,870,428
95$53,090,934$0$0$42,668,269
96$58,288,534$0$0$46,848,230
97$64,009,432$0$0$51,449,123
98$70,306,789$0$0$56,513,711
99$77,239,181$0$0$62,089,117
100$84,871,151$0$0$68,227,260