Can I retire at age 45 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$78,037$77,342$76,664$76,002$75,356$74,662
2 years$38,632$37,913$37,215$36,539$35,884$35,185
3 years$25,499$24,776$24,081$23,411$22,766$22,084
4 years$18,934$18,213$17,525$16,866$16,237$15,576
5 years$14,996$14,279$13,600$12,955$12,343$11,706
6 years$12,371$11,660$10,991$10,360$9,767$9,154
7 years$10,497$9,792$9,133$8,518$7,943$7,355
8 years$9,092$8,394$7,746$7,145$6,589$6,026
9 years$8,000$7,308$6,671$6,086$5,549$5,010
10 years$7,127$6,442$5,816$5,246$4,728$4,214
11 years$6,413$5,735$5,121$4,566$4,066$3,576
12 years$5,818$5,147$4,544$4,005$3,524$3,056
13 years$5,316$4,652$4,060$3,536$3,073$2,628
14 years$4,885$4,228$3,648$3,139$2,694$2,271
15 years$4,513$3,863$3,294$2,799$2,372$1,971
16 years$4,187$3,544$2,986$2,506$2,096$1,716
17 years$3,900$3,264$2,717$2,252$1,859$1,499
18 years$3,645$3,016$2,481$2,029$1,653$1,312
19 years$3,417$2,795$2,271$1,834$1,473$1,152
20 years$3,212$2,597$2,084$1,661$1,316$1,012
21 years$3,027$2,419$1,917$1,507$1,177$892
22 years$2,859$2,258$1,767$1,370$1,055$786
23 years$2,705$2,112$1,631$1,248$947$694
24 years$2,565$1,979$1,509$1,138$852$614
25 years$2,436$1,857$1,397$1,040$766$543
26 years$2,318$1,745$1,296$951$690$481
27 years$2,208$1,643$1,203$870$622$426
28 years$2,106$1,548$1,119$797$561$378
29 years$2,012$1,460$1,041$731$507$335
30 years$1,924$1,379$970$671$458$298
31 years$1,841$1,304$904$616$414$264
32 years$1,764$1,233$843$566$375$235
33 years$1,692$1,168$788$521$339$209
34 years$1,625$1,107$736$479$307$186
35 years$1,561$1,050$688$441$278$165
36 years$1,501$997$644$406$252$147
37 years$1,444$947$602$374$228$131
38 years$1,391$900$564$345$207$116
39 years$1,340$855$529$318$188$103
40 years$1,292$814$495$293$170$92
41 years$1,246$775$464$271$154$82
42 years$1,203$738$436$250$140$73
43 years$1,162$703$409$231$127$65
44 years$1,123$670$384$213$115$58
45 years$1,085$639$360$197$105$52
46 years$1,050$610$338$182$95$46
47 years$1,016$582$318$168$86$41
48 years$983$555$299$155$78$36
49 years$952$530$281$143$71$32
50 years$923$507$264$132$65$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $945,000, adding $3,301 every year, while hoping to spend $22,414 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: 80/15/5 Blend
44$945,000$945,000$945,000$945,000
45$1,044,795$994,710$980,062$1,127,945
46$1,127,516$1,019,602$989,046$1,207,723
47$1,217,923$1,044,963$997,580$1,291,925
48$1,316,777$1,070,792$1,005,624$1,383,625
49$1,424,914$1,097,087$1,013,139$1,483,557
50$1,543,257$1,123,846$1,020,081$1,592,532
51$1,672,821$1,151,066$1,026,405$1,711,442
52$1,814,722$1,178,743$1,032,064$1,841,270
53$1,970,193$1,206,870$1,037,007$1,983,096
54$2,140,589$1,235,443$1,041,183$2,138,113
55$2,327,402$1,264,453$1,044,535$2,307,633
56$2,532,277$1,293,891$1,047,007$2,493,101
57$2,757,025$1,323,747$1,048,538$2,696,108
58$3,003,641$1,354,010$1,049,063$2,918,409
59$3,274,321$1,384,665$1,048,515$3,161,935
60$3,571,487$1,415,699$1,046,826$3,428,814
61$3,897,803$1,447,093$1,043,919$3,721,390
62$4,256,208$1,478,829$1,039,720$4,042,245
63$4,649,937$1,510,887$1,034,145$4,394,223
64$5,082,552$1,543,243$1,027,111$4,780,461
65$5,557,982$1,575,871$1,018,529$5,204,409
66$6,080,552$1,608,744$1,008,305$5,669,873
67$6,655,026$1,641,831$996,342$6,181,045
68$7,286,656$1,675,098$982,536$6,742,542
69$7,981,227$1,708,509$966,783$7,359,452
70$8,745,110$1,742,024$948,968$8,037,384
71$9,585,328$1,775,600$928,975$8,782,514
72$10,509,617$1,809,191$906,682$9,601,648
73$11,526,501$1,842,744$881,959$10,502,288
74$12,645,372$1,876,206$854,672$11,492,696
75$13,876,577$1,909,517$824,681$12,581,981
76$15,231,519$1,942,614$791,838$13,780,176
77$16,722,760$1,975,428$755,991$15,098,337
78$18,364,142$2,007,886$716,978$16,548,649
79$20,170,919$2,039,907$674,631$18,144,538
80$22,159,897$2,071,406$628,775$19,900,797
81$24,349,594$2,102,292$579,226$21,833,729
82$26,760,416$2,132,468$525,794$23,961,298
83$29,414,847$2,161,828$468,277$26,303,300
84$32,337,664$2,190,260$406,466$28,881,549
85$35,556,167$2,217,644$340,144$31,720,084
86$39,100,439$2,243,851$269,082$34,845,395
87$43,003,630$2,268,746$193,042$38,286,670
88$47,302,266$2,292,181$111,775$42,076,079
89$52,036,600$2,314,000$25,023$46,249,069
90$57,250,986$2,334,039$0$50,844,702
91$62,994,298$2,352,118$0$55,909,629
92$69,320,395$2,368,051$0$61,489,342
93$76,288,625$2,381,635$0$67,634,793
94$83,964,388$2,392,658$0$74,403,606
95$92,419,750$2,400,893$0$81,859,278
96$101,734,125$2,406,097$0$90,071,783
97$111,995,024$2,408,014$0$99,118,232
98$123,298,881$2,406,372$0$109,083,596
99$135,751,964$2,400,881$0$120,061,516
100$149,471,374$2,391,233$0$132,155,181