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%19.3%
1 years$78,037$77,342$76,664$76,002$75,356$72,538
2 years$38,632$37,913$37,215$36,539$35,884$33,077
3 years$25,499$24,776$24,081$23,411$22,766$20,059
4 years$18,934$18,213$17,525$16,866$16,237$13,650
5 years$14,996$14,279$13,600$12,955$12,343$9,883
6 years$12,371$11,660$10,991$10,360$9,767$7,435
7 years$10,497$9,792$9,133$8,518$7,943$5,739
8 years$9,092$8,394$7,746$7,145$6,589$4,511
9 years$8,000$7,308$6,671$6,086$5,549$3,594
10 years$7,127$6,442$5,816$5,246$4,728$2,893
11 years$6,413$5,735$5,121$4,566$4,066$2,346
12 years$5,818$5,147$4,544$4,005$3,524$1,915
13 years$5,316$4,652$4,060$3,536$3,073$1,570
14 years$4,885$4,228$3,648$3,139$2,694$1,293
15 years$4,513$3,863$3,294$2,799$2,372$1,068
16 years$4,187$3,544$2,986$2,506$2,096$884
17 years$3,900$3,264$2,717$2,252$1,859$734
18 years$3,645$3,016$2,481$2,029$1,653$610
19 years$3,417$2,795$2,271$1,834$1,473$507
20 years$3,212$2,597$2,084$1,661$1,316$423
21 years$3,027$2,419$1,917$1,507$1,177$353
22 years$2,859$2,258$1,767$1,370$1,055$294
23 years$2,705$2,112$1,631$1,248$947$246
24 years$2,565$1,979$1,509$1,138$852$206
25 years$2,436$1,857$1,397$1,040$766$172
26 years$2,318$1,745$1,296$951$690$144
27 years$2,208$1,643$1,203$870$622$120
28 years$2,106$1,548$1,119$797$561$101
29 years$2,012$1,460$1,041$731$507$84
30 years$1,924$1,379$970$671$458$71
31 years$1,841$1,304$904$616$414$59
32 years$1,764$1,233$843$566$375$50
33 years$1,692$1,168$788$521$339$42
34 years$1,625$1,107$736$479$307$35
35 years$1,561$1,050$688$441$278$29
36 years$1,501$997$644$406$252$24
37 years$1,444$947$602$374$228$20
38 years$1,391$900$564$345$207$17
39 years$1,340$855$529$318$188$14
40 years$1,292$814$495$293$170$12
41 years$1,246$775$464$271$154$10
42 years$1,203$738$436$250$140$8
43 years$1,162$703$409$231$127$7
44 years$1,123$670$384$213$115$6
45 years$1,085$639$360$197$105$5
46 years$1,050$610$338$182$95$4
47 years$1,016$582$318$168$86$4
48 years$983$555$299$155$78$3
49 years$952$530$281$143$71$2
50 years$923$507$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $945,000, adding $6,080 every year, while hoping to spend $27,408 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: 31/43/26 Blend
44$945,000$945,000$945,000$945,000
45$1,047,662$997,577$982,929$1,071,617
46$1,125,361$1,017,296$986,695$1,110,243
47$1,210,067$1,037,063$989,669$1,148,952
48$1,302,466$1,056,851$991,795$1,190,073
49$1,403,312$1,076,631$993,015$1,233,834
50$1,513,437$1,096,373$993,267$1,280,489
51$1,633,754$1,116,041$992,488$1,330,318
52$1,765,270$1,135,601$990,610$1,383,631
53$1,909,095$1,155,013$987,563$1,440,769
54$2,066,449$1,174,234$983,272$1,502,112
55$2,238,676$1,193,221$977,661$1,568,077
56$2,427,255$1,211,923$970,647$1,639,125
57$2,633,816$1,230,289$962,145$1,715,767
58$2,860,155$1,248,263$952,066$1,798,568
59$3,108,248$1,265,784$940,317$1,888,149
60$3,380,272$1,282,790$926,800$1,985,201
61$3,678,623$1,299,211$911,412$2,090,483
62$4,005,944$1,314,973$894,046$2,204,836
63$4,365,143$1,329,999$874,589$2,329,187
64$4,759,424$1,344,206$852,924$2,464,564
65$5,192,316$1,357,503$828,927$2,612,096
66$5,667,707$1,369,795$802,471$2,773,037
67$6,189,880$1,380,982$773,421$2,948,766
68$6,763,553$1,390,955$741,636$3,140,810
69$7,393,922$1,399,599$706,968$3,350,852
70$8,086,715$1,406,792$669,264$3,580,753
71$8,848,239$1,412,404$628,364$3,832,564
72$9,685,444$1,416,297$584,098$4,108,554
73$10,605,987$1,418,322$536,293$4,411,224
74$11,618,302$1,418,325$484,763$4,743,336
75$12,731,685$1,416,139$429,319$5,107,940
76$13,956,375$1,411,587$369,759$5,508,399
77$15,303,653$1,404,484$305,874$5,948,429
78$16,785,952$1,394,629$237,447$6,432,127
79$18,416,967$1,381,814$164,249$6,964,017
80$20,211,789$1,365,814$86,043$7,549,090
81$22,187,046$1,346,394$2,580$8,192,851
82$24,361,060$1,323,302$0$8,901,379
83$26,754,017$1,296,273$0$9,705,371
84$29,388,162$1,265,026$0$10,590,553
85$32,288,005$1,229,262$0$11,564,447
86$35,480,552$1,188,667$0$12,636,135
87$38,995,564$1,142,907$0$13,815,634
88$42,865,830$1,091,628$0$15,113,985
89$47,127,484$1,034,457$0$16,543,363
90$51,820,341$970,999$0$18,117,190
91$56,988,274$900,836$0$19,850,265
92$62,679,627$823,526$0$21,758,904
93$68,947,672$738,602$0$23,861,094
94$75,851,112$645,571$0$26,176,666
95$83,454,632$543,911$0$28,727,480
96$91,829,513$433,071$0$31,537,640
97$101,054,300$312,468$0$34,633,714
98$111,215,548$181,489$0$38,044,992
99$122,408,636$39,483$0$41,803,765
100$134,738,665$0$0$45,945,627