Can I retire at age 45 with 946,000?

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 $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%16.6%
1 years$78,120$77,424$76,745$76,082$75,435$73,403
2 years$38,673$37,953$37,255$36,578$35,922$33,889
3 years$25,526$24,803$24,106$23,436$22,790$20,820
4 years$18,954$18,233$17,543$16,884$16,254$14,362
5 years$15,011$14,295$13,614$12,969$12,356$10,548
6 years$12,384$11,673$11,002$10,371$9,777$8,054
7 years$10,508$9,803$9,143$8,527$7,951$6,313
8 years$9,102$8,403$7,754$7,153$6,596$5,042
9 years$8,008$7,316$6,679$6,093$5,555$4,084
10 years$7,134$6,449$5,822$5,252$4,733$3,343
11 years$6,420$5,741$5,126$4,571$4,071$2,759
12 years$5,825$5,153$4,549$4,009$3,528$2,293
13 years$5,321$4,657$4,064$3,539$3,076$1,915
14 years$4,890$4,233$3,652$3,142$2,697$1,606
15 years$4,517$3,867$3,297$2,802$2,374$1,352
16 years$4,191$3,548$2,989$2,509$2,098$1,142
17 years$3,904$3,267$2,720$2,254$1,861$966
18 years$3,648$3,019$2,483$2,032$1,654$819
19 years$3,420$2,798$2,273$1,836$1,475$696
20 years$3,215$2,600$2,086$1,663$1,317$592
21 years$3,030$2,422$1,919$1,509$1,179$504
22 years$2,862$2,261$1,769$1,372$1,056$430
23 years$2,708$2,114$1,633$1,249$948$367
24 years$2,568$1,981$1,510$1,140$852$313
25 years$2,439$1,859$1,399$1,041$767$268
26 years$2,320$1,747$1,297$952$691$229
27 years$2,210$1,644$1,205$871$623$196
28 years$2,108$1,549$1,120$798$562$168
29 years$2,014$1,462$1,042$732$508$143
30 years$1,926$1,380$971$672$459$123
31 years$1,843$1,305$905$617$415$105
32 years$1,766$1,235$844$567$375$90
33 years$1,694$1,169$788$521$339$77
34 years$1,626$1,108$737$480$307$66
35 years$1,563$1,051$689$442$278$57
36 years$1,502$998$644$407$252$49
37 years$1,446$948$603$375$229$42
38 years$1,392$901$565$345$207$36
39 years$1,341$856$529$318$188$31
40 years$1,293$815$496$294$170$26
41 years$1,248$776$465$271$155$22
42 years$1,204$739$436$250$140$19
43 years$1,163$704$409$231$127$17
44 years$1,124$671$384$213$116$14
45 years$1,087$640$361$197$105$12
46 years$1,051$610$339$182$95$10
47 years$1,017$582$318$168$87$9
48 years$984$556$299$155$79$8
49 years$953$531$281$143$71$7
50 years$924$507$264$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $946,000, adding $3,469 every year, while hoping to spend $33,929 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: 62/23/15 Blend
44$946,000$946,000$946,000$946,000
45$1,046,070$995,932$981,269$1,106,842
46$1,116,669$1,008,633$978,042$1,160,798
47$1,193,332$1,020,818$973,569$1,215,514
48$1,276,642$1,032,428$967,773$1,274,431
49$1,367,239$1,043,397$960,573$1,337,957
50$1,465,829$1,053,655$951,884$1,406,545
51$1,573,188$1,063,129$941,616$1,480,693
52$1,690,170$1,071,738$929,677$1,560,951
53$1,817,714$1,079,400$915,968$1,647,927
54$1,956,854$1,086,025$900,387$1,742,288
55$2,108,730$1,091,516$882,826$1,844,774
56$2,274,593$1,095,774$863,174$1,956,199
57$2,455,824$1,098,689$841,313$2,077,461
58$2,653,942$1,100,148$817,120$2,209,552
59$2,870,617$1,100,028$790,466$2,353,563
60$3,107,691$1,098,201$761,218$2,510,702
61$3,367,191$1,094,529$729,235$2,682,298
62$3,651,350$1,088,866$694,370$2,869,820
63$3,962,625$1,081,058$656,468$3,074,884
64$4,303,723$1,070,940$615,371$3,299,277
65$4,677,627$1,058,340$570,909$3,544,968
66$5,087,618$1,043,072$522,908$3,814,129
67$5,537,314$1,024,941$471,184$4,109,155
68$6,030,698$1,003,741$415,547$4,432,688
69$6,572,157$979,253$355,796$4,787,642
70$7,166,525$951,244$291,722$5,177,231
71$7,819,124$919,468$223,109$5,605,000
72$8,535,819$883,667$149,727$6,074,858
73$9,323,070$843,564$71,341$6,591,114
74$10,187,994$798,869$0$7,158,524
75$11,138,430$749,274$0$7,784,299
76$12,183,015$694,453$0$8,484,564
77$13,331,264$634,063$0$9,254,306
78$14,593,660$567,740$0$10,100,599
79$15,981,754$495,099$0$11,031,242
80$17,508,268$415,734$0$12,054,830
81$19,187,222$329,216$0$13,180,839
82$21,034,063$235,092$0$14,419,711
83$23,065,808$132,883$0$15,782,958
84$25,301,209$22,082$0$17,283,270
85$27,760,926$0$0$18,934,634
86$30,467,722$0$0$20,777,229
87$33,446,679$0$0$22,811,326
88$36,725,435$0$0$25,050,218
89$40,334,440$0$0$27,514,710
90$44,307,248$0$0$30,227,725
91$48,680,832$0$0$33,214,522
92$53,495,930$0$0$36,502,935
93$58,797,432$0$0$40,123,633
94$64,634,802$0$0$44,110,411
95$71,062,545$0$0$48,500,506
96$78,140,720$0$0$53,334,952
97$85,935,508$0$0$58,658,964
98$94,519,833$0$0$64,522,367
99$103,974,055$0$0$70,980,063
100$114,386,724$0$0$78,092,550