Can I retire at age 45 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$78,120$77,424$76,745$76,082$75,435$73,642
2 years$38,673$37,953$37,255$36,578$35,922$34,125
3 years$25,526$24,803$24,106$23,436$22,790$21,047
4 years$18,954$18,233$17,543$16,884$16,254$14,577
5 years$15,011$14,295$13,614$12,969$12,356$10,751
6 years$12,384$11,673$11,002$10,371$9,777$8,244
7 years$10,508$9,803$9,143$8,527$7,951$6,492
8 years$9,102$8,403$7,754$7,153$6,596$5,210
9 years$8,008$7,316$6,679$6,093$5,555$4,240
10 years$7,134$6,449$5,822$5,252$4,733$3,488
11 years$6,420$5,741$5,126$4,571$4,071$2,894
12 years$5,825$5,153$4,549$4,009$3,528$2,417
13 years$5,321$4,657$4,064$3,539$3,076$2,030
14 years$4,890$4,233$3,652$3,142$2,697$1,712
15 years$4,517$3,867$3,297$2,802$2,374$1,449
16 years$4,191$3,548$2,989$2,509$2,098$1,231
17 years$3,904$3,267$2,720$2,254$1,861$1,048
18 years$3,648$3,019$2,483$2,032$1,654$894
19 years$3,420$2,798$2,273$1,836$1,475$764
20 years$3,215$2,600$2,086$1,663$1,317$654
21 years$3,030$2,422$1,919$1,509$1,179$560
22 years$2,862$2,261$1,769$1,372$1,056$481
23 years$2,708$2,114$1,633$1,249$948$413
24 years$2,568$1,981$1,510$1,140$852$355
25 years$2,439$1,859$1,399$1,041$767$305
26 years$2,320$1,747$1,297$952$691$262
27 years$2,210$1,644$1,205$871$623$226
28 years$2,108$1,549$1,120$798$562$195
29 years$2,014$1,462$1,042$732$508$168
30 years$1,926$1,380$971$672$459$145
31 years$1,843$1,305$905$617$415$125
32 years$1,766$1,235$844$567$375$107
33 years$1,694$1,169$788$521$339$93
34 years$1,626$1,108$737$480$307$80
35 years$1,563$1,051$689$442$278$69
36 years$1,502$998$644$407$252$59
37 years$1,446$948$603$375$229$51
38 years$1,392$901$565$345$207$44
39 years$1,341$856$529$318$188$38
40 years$1,293$815$496$294$170$33
41 years$1,248$776$465$271$155$28
42 years$1,204$739$436$250$140$25
43 years$1,163$704$409$231$127$21
44 years$1,124$671$384$213$116$18
45 years$1,087$640$361$197$105$16
46 years$1,051$610$339$182$95$14
47 years$1,017$582$318$168$87$12
48 years$984$556$299$155$79$10
49 years$953$531$281$143$71$9
50 years$924$507$264$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $946,000, adding $2,503 every year, while hoping to spend $46,912 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: 27/47/26 Blend
44$946,000$946,000$946,000$946,000
45$1,045,074$994,936$980,273$1,064,741
46$1,101,757$993,774$963,198$1,079,557
47$1,162,650$990,982$943,979$1,091,228
48$1,228,133$986,432$922,494$1,102,791
49$1,298,621$979,986$898,617$1,114,269
50$1,374,574$971,499$872,214$1,125,691
51$1,456,494$960,816$843,146$1,137,093
52$1,544,933$947,773$811,269$1,148,520
53$1,640,500$932,198$776,430$1,160,027
54$1,743,861$913,906$738,470$1,171,678
55$1,855,750$892,702$697,224$1,183,551
56$1,976,973$868,381$652,518$1,195,739
57$2,108,417$840,724$604,169$1,208,349
58$2,251,056$809,500$551,990$1,221,505
59$2,405,963$774,465$495,781$1,235,355
60$2,574,318$735,361$435,336$1,250,065
61$2,757,418$691,913$370,440$1,265,829
62$2,956,691$643,833$300,865$1,282,868
63$3,173,706$590,814$226,378$1,301,436
64$3,410,194$532,533$146,731$1,321,823
65$3,668,055$468,649$61,668$1,344,356
66$3,949,385$398,800$0$1,369,408
67$4,256,486$322,605$0$1,405,479
68$4,591,895$239,661$0$1,463,751
69$4,958,406$149,541$0$1,527,719
70$5,359,092$51,798$0$1,598,077
71$5,797,338$0$0$1,675,596
72$6,276,872$0$0$1,789,089
73$6,801,796$0$0$1,942,801
74$7,376,630$0$0$2,111,286
75$8,006,351$0$0$2,296,021
76$8,696,438$0$0$2,498,634
77$9,452,927$0$0$2,720,919
78$10,282,465$0$0$2,964,852
79$11,192,375$0$0$3,232,607
80$12,190,721$0$0$3,526,581
81$13,286,384$0$0$3,849,414
82$14,489,150$0$0$4,204,015
83$15,809,795$0$0$4,593,586
84$17,260,194$0$0$5,021,658
85$18,853,423$0$0$5,492,119
86$20,603,892$0$0$6,009,251
87$22,527,472$0$0$6,577,774
88$24,641,650$0$0$7,202,888
89$26,965,690$0$0$7,890,319
90$29,520,815$0$0$8,646,380
91$32,330,409$0$0$9,478,024
92$35,420,234$0$0$10,392,911
93$38,818,672$0$0$11,399,482
94$42,556,997$0$0$12,507,039
95$46,669,663$0$0$13,725,827
96$51,194,635$0$0$15,067,139
97$56,173,741$0$0$16,543,415
98$61,653,070$0$0$18,168,363
99$67,683,402$0$0$19,957,088
100$74,320,693$0$0$21,926,232