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%14.1%
1 years$78,120$77,424$76,745$76,082$75,435$74,155
2 years$38,673$37,953$37,255$36,578$35,922$34,636
3 years$25,526$24,803$24,106$23,436$22,790$21,539
4 years$18,954$18,233$17,543$16,884$16,254$15,047
5 years$15,011$14,295$13,614$12,969$12,356$11,196
6 years$12,384$11,673$11,002$10,371$9,777$8,666
7 years$10,508$9,803$9,143$8,527$7,951$6,889
8 years$9,102$8,403$7,754$7,153$6,596$5,583
9 years$8,008$7,316$6,679$6,093$5,555$4,591
10 years$7,134$6,449$5,822$5,252$4,733$3,816
11 years$6,420$5,741$5,126$4,571$4,071$3,200
12 years$5,825$5,153$4,549$4,009$3,528$2,703
13 years$5,321$4,657$4,064$3,539$3,076$2,295
14 years$4,890$4,233$3,652$3,142$2,697$1,959
15 years$4,517$3,867$3,297$2,802$2,374$1,678
16 years$4,191$3,548$2,989$2,509$2,098$1,442
17 years$3,904$3,267$2,720$2,254$1,861$1,242
18 years$3,648$3,019$2,483$2,032$1,654$1,073
19 years$3,420$2,798$2,273$1,836$1,475$929
20 years$3,215$2,600$2,086$1,663$1,317$805
21 years$3,030$2,422$1,919$1,509$1,179$699
22 years$2,862$2,261$1,769$1,372$1,056$608
23 years$2,708$2,114$1,633$1,249$948$529
24 years$2,568$1,981$1,510$1,140$852$460
25 years$2,439$1,859$1,399$1,041$767$401
26 years$2,320$1,747$1,297$952$691$350
27 years$2,210$1,644$1,205$871$623$306
28 years$2,108$1,549$1,120$798$562$267
29 years$2,014$1,462$1,042$732$508$233
30 years$1,926$1,380$971$672$459$204
31 years$1,843$1,305$905$617$415$178
32 years$1,766$1,235$844$567$375$156
33 years$1,694$1,169$788$521$339$136
34 years$1,626$1,108$737$480$307$119
35 years$1,563$1,051$689$442$278$104
36 years$1,502$998$644$407$252$91
37 years$1,446$948$603$375$229$80
38 years$1,392$901$565$345$207$70
39 years$1,341$856$529$318$188$61
40 years$1,293$815$496$294$170$54
41 years$1,248$776$465$271$155$47
42 years$1,204$739$436$250$140$41
43 years$1,163$704$409$231$127$36
44 years$1,124$671$384$213$116$32
45 years$1,087$640$361$197$105$28
46 years$1,051$610$339$182$95$24
47 years$1,017$582$318$168$87$21
48 years$984$556$299$155$79$19
49 years$953$531$281$143$71$16
50 years$924$507$264$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $946,000, adding $3,797 every year, while hoping to spend $24,626 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: 54/16/30 Blend
44$946,000$946,000$946,000$946,000
45$1,046,409$996,271$981,608$1,093,973
46$1,126,940$1,018,886$988,290$1,149,961
47$1,214,861$1,041,784$994,370$1,208,069
48$1,310,898$1,064,953$999,803$1,270,854
49$1,415,853$1,088,379$1,004,539$1,338,775
50$1,530,608$1,112,047$1,008,529$1,412,339
51$1,656,133$1,135,940$1,011,718$1,492,103
52$1,793,497$1,160,041$1,014,049$1,578,685
53$1,943,879$1,184,328$1,015,465$1,672,762
54$2,108,574$1,208,779$1,015,903$1,775,083
55$2,289,011$1,233,371$1,015,297$1,886,474
56$2,486,761$1,258,077$1,013,581$2,007,845
57$2,703,555$1,282,868$1,010,681$2,140,199
58$2,941,302$1,307,713$1,006,523$2,284,643
59$3,202,102$1,332,578$1,001,028$2,442,397
60$3,488,268$1,357,425$994,114$2,614,805
61$3,802,349$1,382,217$985,694$2,803,352
62$4,147,151$1,406,909$975,678$3,009,672
63$4,525,768$1,431,455$963,971$3,235,568
64$4,941,606$1,455,805$950,473$3,483,029
65$5,398,417$1,479,906$935,081$3,754,246
66$5,900,334$1,503,701$917,685$4,051,635
67$6,451,912$1,527,126$898,172$4,377,862
68$7,058,168$1,550,116$876,422$4,735,864
69$7,724,630$1,572,600$852,310$5,128,878
70$8,457,386$1,594,502$825,706$5,560,477
71$9,263,146$1,615,739$796,474$6,034,597
72$10,149,301$1,636,224$764,470$6,555,576
73$11,123,995$1,655,865$729,545$7,128,200
74$12,196,202$1,674,561$691,544$7,757,743
75$13,375,806$1,692,206$650,303$8,450,021
76$14,673,701$1,708,688$605,651$9,211,442
77$16,101,889$1,723,884$557,411$10,049,075
78$17,673,594$1,737,666$505,395$10,970,708
79$19,403,385$1,749,896$449,411$11,984,930
80$21,307,319$1,760,429$389,255$13,101,206
81$23,403,084$1,769,109$324,714$14,329,973
82$25,710,174$1,775,771$255,567$15,682,734
83$28,250,066$1,780,238$181,583$17,172,168
84$31,046,427$1,782,324$102,520$18,812,252
85$34,125,335$1,781,830$18,126$20,618,395
86$37,515,524$1,778,545$0$22,607,580
87$41,248,660$1,772,246$0$24,821,551
88$45,359,631$1,762,694$0$27,265,607
89$49,886,886$1,749,638$0$29,956,775
90$54,872,788$1,732,810$0$32,920,218
91$60,364,021$1,711,927$0$36,183,671
92$66,412,028$1,686,688$0$39,777,693
93$73,073,495$1,656,775$0$43,735,962
94$80,410,885$1,621,851$0$48,095,594
95$88,493,031$1,581,558$0$52,897,488
96$97,395,785$1,535,518$0$58,186,717
97$107,202,727$1,483,331$0$64,012,951
98$118,005,964$1,424,573$0$70,430,927
99$129,906,990$1,358,795$0$77,500,968
100$143,017,651$1,285,523$0$85,289,549