Can I retire at age 45 with 945,000?

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 $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%11.3%
1 years$78,037$77,342$76,664$76,002$75,356$74,944
2 years$38,632$37,913$37,215$36,539$35,884$35,468
3 years$25,499$24,776$24,081$23,411$22,766$22,359
4 years$18,934$18,213$17,525$16,866$16,237$15,843
5 years$14,996$14,279$13,600$12,955$12,343$11,962
6 years$12,371$11,660$10,991$10,360$9,767$9,400
7 years$10,497$9,792$9,133$8,518$7,943$7,590
8 years$9,092$8,394$7,746$7,145$6,589$6,251
9 years$8,000$7,308$6,671$6,086$5,549$5,225
10 years$7,127$6,442$5,816$5,246$4,728$4,417
11 years$6,413$5,735$5,121$4,566$4,066$3,769
12 years$5,818$5,147$4,544$4,005$3,524$3,240
13 years$5,316$4,652$4,060$3,536$3,073$2,802
14 years$4,885$4,228$3,648$3,139$2,694$2,436
15 years$4,513$3,863$3,294$2,799$2,372$2,127
16 years$4,187$3,544$2,986$2,506$2,096$1,863
17 years$3,900$3,264$2,717$2,252$1,859$1,637
18 years$3,645$3,016$2,481$2,029$1,653$1,443
19 years$3,417$2,795$2,271$1,834$1,473$1,274
20 years$3,212$2,597$2,084$1,661$1,316$1,128
21 years$3,027$2,419$1,917$1,507$1,177$1,000
22 years$2,859$2,258$1,767$1,370$1,055$888
23 years$2,705$2,112$1,631$1,248$947$789
24 years$2,565$1,979$1,509$1,138$852$702
25 years$2,436$1,857$1,397$1,040$766$626
26 years$2,318$1,745$1,296$951$690$558
27 years$2,208$1,643$1,203$870$622$498
28 years$2,106$1,548$1,119$797$561$445
29 years$2,012$1,460$1,041$731$507$398
30 years$1,924$1,379$970$671$458$355
31 years$1,841$1,304$904$616$414$318
32 years$1,764$1,233$843$566$375$285
33 years$1,692$1,168$788$521$339$255
34 years$1,625$1,107$736$479$307$228
35 years$1,561$1,050$688$441$278$205
36 years$1,501$997$644$406$252$183
37 years$1,444$947$602$374$228$164
38 years$1,391$900$564$345$207$147
39 years$1,340$855$529$318$188$132
40 years$1,292$814$495$293$170$119
41 years$1,246$775$464$271$154$106
42 years$1,203$738$436$250$140$95
43 years$1,162$703$409$231$127$86
44 years$1,123$670$384$213$115$77
45 years$1,085$639$360$197$105$69
46 years$1,050$610$338$182$95$62
47 years$1,016$582$318$168$86$56
48 years$983$555$299$155$78$50
49 years$952$530$281$143$71$45
50 years$923$507$264$132$65$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $945,000, adding $6,249 every year, while hoping to spend $54,251 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: 66/25/9 Blend
44$945,000$945,000$945,000$945,000
45$1,047,836$997,751$983,103$1,114,683
46$1,096,992$988,918$958,315$1,151,113
47$1,149,345$977,834$930,877$1,183,881
48$1,205,162$964,331$900,645$1,218,280
49$1,264,737$948,233$867,466$1,254,462
50$1,328,393$929,349$831,179$1,292,598
51$1,396,485$907,483$791,619$1,332,877
52$1,469,398$882,421$748,610$1,375,511
53$1,547,558$853,941$701,970$1,420,732
54$1,631,431$821,807$651,508$1,468,801
55$1,721,529$785,767$597,026$1,520,004
56$1,818,414$745,558$538,315$1,574,663
57$1,922,701$700,900$475,157$1,633,132
58$2,035,068$651,495$407,326$1,695,804
59$2,156,258$597,032$334,585$1,763,117
60$2,287,089$537,179$256,686$1,835,555
61$2,428,457$471,586$173,370$1,913,656
62$2,581,350$399,884$84,368$1,998,014
63$2,746,851$321,681$0$2,089,291
64$2,926,153$236,567$0$2,189,237
65$3,120,566$144,104$0$2,306,356
66$3,331,531$43,833$0$2,433,465
67$3,560,634$0$0$2,571,589
68$3,809,618$0$0$2,739,671
69$4,080,401$0$0$2,935,636
70$4,375,093$0$0$3,148,959
71$4,696,016$0$0$3,381,329
72$5,045,725$0$0$3,634,603
73$5,427,032$0$0$3,910,825
74$5,843,031$0$0$4,212,244
75$6,297,130$0$0$4,541,338
76$6,793,077$0$0$4,900,831
77$7,335,000$0$0$5,293,726
78$7,927,444$0$0$5,723,325
79$8,575,412$0$0$6,193,267
80$9,284,412$0$0$6,707,558
81$10,060,512$0$0$7,270,607
82$10,910,389$0$0$7,887,272
83$11,841,401$0$0$8,562,902
84$12,861,648$0$0$9,303,386
85$13,980,052$0$0$10,115,212
86$15,206,438$0$0$11,005,525
87$16,551,629$0$0$11,982,195
88$18,027,544$0$0$13,053,889
89$19,647,314$0$0$14,230,156
90$21,425,400$0$0$15,521,513
91$23,377,734$0$0$16,939,544
92$25,521,865$0$0$18,497,011
93$27,877,124$0$0$20,207,974
94$30,464,809$0$0$22,087,919
95$33,308,381$0$0$24,153,908
96$36,433,687$0$0$26,424,739
97$39,869,200$0$0$28,921,119
98$43,646,293$0$0$31,665,864
99$47,799,529$0$0$34,684,108
100$52,366,986$0$0$38,003,545