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%18.7%
1 years$77,955$77,260$76,583$75,922$75,276$72,634
2 years$38,591$37,873$37,176$36,501$35,846$33,212
3 years$25,472$24,750$24,055$23,386$22,742$20,199
4 years$18,914$18,194$17,506$16,849$16,220$13,787
5 years$14,980$14,264$13,586$12,941$12,330$10,013
6 years$12,358$11,648$10,979$10,349$9,756$7,558
7 years$10,486$9,782$9,124$8,509$7,934$5,854
8 years$9,082$8,385$7,738$7,138$6,582$4,618
9 years$7,992$7,301$6,664$6,080$5,543$3,693
10 years$7,119$6,435$5,810$5,241$4,723$2,983
11 years$6,406$5,729$5,115$4,561$4,062$2,429
12 years$5,812$5,142$4,540$4,001$3,520$1,991
13 years$5,310$4,647$4,056$3,532$3,070$1,639
14 years$4,880$4,224$3,644$3,135$2,691$1,355
15 years$4,508$3,858$3,290$2,796$2,369$1,124
16 years$4,182$3,540$2,983$2,504$2,094$935
17 years$3,895$3,260$2,714$2,250$1,857$779
18 years$3,641$3,013$2,478$2,027$1,651$650
19 years$3,413$2,792$2,268$1,832$1,471$544
20 years$3,208$2,595$2,082$1,659$1,314$455
21 years$3,023$2,417$1,915$1,506$1,176$382
22 years$2,856$2,256$1,765$1,369$1,054$320
23 years$2,703$2,110$1,630$1,247$946$269
24 years$2,562$1,977$1,507$1,137$851$226
25 years$2,434$1,855$1,396$1,039$765$190
26 years$2,315$1,744$1,295$950$689$159
27 years$2,206$1,641$1,202$869$622$134
28 years$2,104$1,546$1,118$796$561$113
29 years$2,010$1,459$1,040$730$506$95
30 years$1,922$1,378$969$670$458$80
31 years$1,839$1,302$903$616$414$67
32 years$1,763$1,232$843$566$374$57
33 years$1,691$1,167$787$520$339$48
34 years$1,623$1,106$735$479$307$40
35 years$1,559$1,049$687$441$278$34
36 years$1,499$996$643$406$252$28
37 years$1,443$946$602$374$228$24
38 years$1,389$899$564$345$207$20
39 years$1,339$855$528$318$188$17
40 years$1,291$813$495$293$170$14
41 years$1,245$774$464$270$154$12
42 years$1,202$737$435$250$140$10
43 years$1,161$702$408$230$127$9
44 years$1,122$669$383$213$115$7
45 years$1,084$638$360$196$105$6
46 years$1,049$609$338$181$95$5
47 years$1,015$581$318$168$86$4
48 years$982$555$298$155$78$4
49 years$951$530$281$143$71$3
50 years$922$506$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $944,000, adding $5,165 every year, while hoping to spend $45,498 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: 38/35/27 Blend
44$944,000$944,000$944,000$944,000
45$1,045,616$995,584$980,952$1,076,774
46$1,103,859$995,958$965,404$1,100,454
47$1,166,518$994,825$947,811$1,121,467
48$1,233,996$992,064$928,055$1,143,299
49$1,306,733$987,546$906,015$1,166,055
50$1,385,217$981,132$881,563$1,189,852
51$1,469,979$972,678$854,566$1,214,821
52$1,561,607$962,029$824,883$1,241,114
53$1,660,743$949,021$792,370$1,268,899
54$1,768,097$933,481$756,872$1,298,367
55$1,884,447$915,225$718,231$1,329,732
56$2,010,649$894,059$676,280$1,363,233
57$2,147,643$869,777$630,844$1,399,142
58$2,296,467$842,160$581,741$1,437,761
59$2,458,258$810,977$528,780$1,479,429
60$2,634,269$775,984$471,764$1,524,526
61$2,825,880$736,922$410,483$1,573,476
62$3,034,606$693,518$344,721$1,626,754
63$3,262,118$645,483$274,252$1,684,890
64$3,510,253$592,510$198,838$1,748,474
65$3,781,033$534,277$118,232$1,818,166
66$4,076,683$470,441$32,178$1,894,700
67$4,399,654$400,642$0$1,978,897
68$4,752,643$324,499$0$2,088,852
69$5,138,621$241,607$0$2,219,404
70$5,560,856$151,541$0$2,362,486
71$6,022,949$53,852$0$2,519,438
72$6,528,864$0$0$2,691,747
73$7,082,967$0$0$2,901,057
74$7,690,066$0$0$3,153,238
75$8,355,455$0$0$3,429,764
76$9,084,966$0$0$3,733,075
77$9,885,020$0$0$4,065,859
78$10,762,691$0$0$4,431,074
79$11,725,770$0$0$4,831,982
80$12,782,841$0$0$5,272,174
81$13,943,355$0$0$5,755,607
82$15,217,726$0$0$6,286,638
83$16,617,427$0$0$6,870,070
84$18,155,092$0$0$7,511,190
85$19,844,644$0$0$8,215,827
86$21,701,419$0$0$8,990,399
87$23,742,313$0$0$9,841,979
88$25,985,939$0$0$10,778,359
89$28,452,806$0$0$11,808,124
90$31,165,506$0$0$12,940,731
91$34,148,933$0$0$14,186,601
92$37,430,513$0$0$15,557,217
93$41,040,463$0$0$17,065,228
94$45,012,077$0$0$18,724,574
95$49,382,038$0$0$20,550,611
96$54,190,766$0$0$22,560,263
97$59,482,794$0$0$24,772,173
98$65,307,193$0$0$27,206,888
99$71,718,031$0$0$29,887,045
100$78,774,884$0$0$32,837,586