Can I retire at age 45 with 944,000?

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 $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%15.4%
1 years$77,955$77,260$76,583$75,922$75,276$73,606
2 years$38,591$37,873$37,176$36,501$35,846$34,172
3 years$25,472$24,750$24,055$23,386$22,742$21,116
4 years$18,914$18,194$17,506$16,849$16,220$14,655
5 years$14,980$14,264$13,586$12,941$12,330$10,831
6 years$12,358$11,648$10,979$10,349$9,756$8,324
7 years$10,486$9,782$9,124$8,509$7,934$6,569
8 years$9,082$8,385$7,738$7,138$6,582$5,284
9 years$7,992$7,301$6,664$6,080$5,543$4,311
10 years$7,119$6,435$5,810$5,241$4,723$3,555
11 years$6,406$5,729$5,115$4,561$4,062$2,957
12 years$5,812$5,142$4,540$4,001$3,520$2,476
13 years$5,310$4,647$4,056$3,532$3,070$2,085
14 years$4,880$4,224$3,644$3,135$2,691$1,763
15 years$4,508$3,858$3,290$2,796$2,369$1,497
16 years$4,182$3,540$2,983$2,504$2,094$1,275
17 years$3,895$3,260$2,714$2,250$1,857$1,088
18 years$3,641$3,013$2,478$2,027$1,651$931
19 years$3,413$2,792$2,268$1,832$1,471$798
20 years$3,208$2,595$2,082$1,659$1,314$685
21 years$3,023$2,417$1,915$1,506$1,176$589
22 years$2,856$2,256$1,765$1,369$1,054$507
23 years$2,703$2,110$1,630$1,247$946$437
24 years$2,562$1,977$1,507$1,137$851$376
25 years$2,434$1,855$1,396$1,039$765$325
26 years$2,315$1,744$1,295$950$689$280
27 years$2,206$1,641$1,202$869$622$242
28 years$2,104$1,546$1,118$796$561$209
29 years$2,010$1,459$1,040$730$506$181
30 years$1,922$1,378$969$670$458$156
31 years$1,839$1,302$903$616$414$135
32 years$1,763$1,232$843$566$374$117
33 years$1,691$1,167$787$520$339$101
34 years$1,623$1,106$735$479$307$88
35 years$1,559$1,049$687$441$278$76
36 years$1,499$996$643$406$252$66
37 years$1,443$946$602$374$228$57
38 years$1,389$899$564$345$207$49
39 years$1,339$855$528$318$188$43
40 years$1,291$813$495$293$170$37
41 years$1,245$774$464$270$154$32
42 years$1,202$737$435$250$140$28
43 years$1,161$702$408$230$127$24
44 years$1,122$669$383$213$115$21
45 years$1,084$638$360$196$105$18
46 years$1,049$609$338$181$95$16
47 years$1,015$581$318$168$86$14
48 years$982$555$298$155$78$12
49 years$951$530$281$143$71$10
50 years$922$506$264$132$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $944,000, adding $4,732 every year, while hoping to spend $26,315 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: 44/37/19 Blend
44$944,000$944,000$944,000$944,000
45$1,045,169$995,137$980,505$1,085,222
46$1,123,777$1,015,900$985,353$1,134,630
47$1,209,522$1,036,798$989,481$1,185,188
48$1,303,102$1,057,810$992,838$1,239,442
49$1,405,290$1,078,914$995,369$1,297,743
50$1,516,932$1,100,084$997,017$1,360,484
51$1,638,964$1,121,292$997,722$1,428,094
52$1,772,413$1,142,510$997,420$1,501,048
53$1,918,411$1,163,706$996,046$1,579,870
54$2,078,205$1,184,844$993,530$1,665,137
55$2,253,168$1,205,887$989,799$1,757,487
56$2,444,812$1,226,796$984,778$1,857,621
57$2,654,800$1,247,526$978,385$1,966,314
58$2,884,966$1,268,032$970,538$2,084,422
59$3,137,330$1,288,263$961,148$2,212,885
60$3,414,115$1,308,165$950,124$2,352,744
61$3,717,771$1,327,681$937,369$2,505,145
62$4,050,995$1,346,749$922,783$2,671,353
63$4,416,759$1,365,302$906,259$2,852,761
64$4,818,337$1,383,271$887,687$3,050,909
65$5,259,335$1,400,578$866,952$3,267,493
66$5,743,724$1,417,144$843,932$3,504,384
67$6,275,882$1,432,881$818,501$3,763,644
68$6,860,627$1,447,698$790,526$4,047,551
69$7,503,272$1,461,496$759,870$4,358,613
70$8,209,667$1,474,170$726,386$4,699,599
71$8,986,257$1,485,609$689,925$5,073,560
72$9,840,145$1,495,693$650,326$5,483,865
73$10,779,153$1,504,296$607,426$5,934,223
74$11,811,903$1,511,283$561,051$6,428,729
75$12,947,892$1,516,510$511,021$6,971,898
76$14,197,583$1,519,825$457,146$7,568,707
77$15,572,507$1,521,067$399,231$8,224,644
78$17,085,366$1,520,063$337,069$8,945,763
79$18,750,157$1,516,630$270,445$9,738,737
80$20,582,303$1,510,574$199,134$10,610,925
81$22,598,796$1,501,690$122,903$11,570,441
82$24,818,360$1,489,760$41,507$12,626,230
83$27,261,625$1,474,551$0$13,788,157
84$29,951,326$1,455,818$0$15,076,291
85$32,912,509$1,433,302$0$16,503,007
86$36,172,777$1,406,726$0$18,073,155
87$39,762,543$1,375,798$0$19,801,369
88$43,715,319$1,340,209$0$21,703,779
89$48,068,035$1,299,632$0$23,798,162
90$52,861,380$1,253,719$0$26,104,114
91$58,140,194$1,202,105$0$28,643,234
92$63,953,886$1,144,401$0$31,439,329
93$70,356,902$1,080,196$0$34,518,636
94$77,409,236$1,009,056$0$37,910,080
95$85,177,001$930,522$0$41,645,536
96$93,733,046$844,108$0$45,760,139
97$103,157,649$749,302$0$50,292,616
98$113,539,273$645,562$0$55,285,648
99$124,975,398$532,313$0$60,786,279
100$137,573,444$408,952$0$66,846,360