Can I retire at age 45 with 929,000?

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 $929,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$76,716$76,033$75,366$74,715$74,080$72,763
2 years$37,978$37,271$36,585$35,921$35,276$33,954
3 years$25,067$24,357$23,673$23,015$22,381$21,094
4 years$18,613$17,905$17,228$16,581$15,962$14,721
5 years$14,742$14,038$13,370$12,736$12,134$10,943
6 years$12,161$11,463$10,805$10,185$9,601$8,460
7 years$10,319$9,626$8,979$8,374$7,808$6,718
8 years$8,938$8,252$7,615$7,024$6,478$5,439
9 years$7,865$7,185$6,559$5,983$5,455$4,466
10 years$7,006$6,333$5,718$5,158$4,648$3,708
11 years$6,304$5,638$5,034$4,489$3,998$3,106
12 years$5,720$5,060$4,467$3,937$3,464$2,619
13 years$5,226$4,573$3,991$3,476$3,021$2,222
14 years$4,803$4,157$3,586$3,086$2,648$1,893
15 years$4,436$3,797$3,238$2,752$2,332$1,619
16 years$4,116$3,484$2,936$2,464$2,061$1,390
17 years$3,833$3,208$2,671$2,214$1,827$1,196
18 years$3,583$2,965$2,439$1,995$1,625$1,031
19 years$3,359$2,748$2,232$1,803$1,448$891
20 years$3,157$2,553$2,049$1,633$1,293$772
21 years$2,975$2,378$1,884$1,482$1,157$669
22 years$2,810$2,220$1,737$1,347$1,037$581
23 years$2,660$2,076$1,604$1,227$931$504
24 years$2,522$1,945$1,483$1,119$837$439
25 years$2,395$1,826$1,374$1,022$753$382
26 years$2,278$1,716$1,274$934$678$332
27 years$2,171$1,615$1,183$855$612$290
28 years$2,071$1,522$1,100$784$552$253
29 years$1,978$1,435$1,023$719$498$220
30 years$1,891$1,356$953$660$450$192
31 years$1,810$1,282$889$606$407$168
32 years$1,735$1,213$829$557$368$147
33 years$1,664$1,148$774$512$333$128
34 years$1,597$1,088$723$471$302$112
35 years$1,534$1,032$676$434$273$98
36 years$1,475$980$633$399$248$85
37 years$1,420$931$592$368$224$75
38 years$1,367$884$555$339$203$65
39 years$1,317$841$520$313$185$57
40 years$1,270$800$487$288$167$50
41 years$1,225$762$457$266$152$44
42 years$1,183$725$428$246$138$38
43 years$1,142$691$402$227$125$33
44 years$1,104$659$377$209$114$29
45 years$1,067$628$354$193$103$25
46 years$1,032$599$333$179$94$22
47 years$999$572$313$165$85$19
48 years$967$546$294$152$77$17
49 years$936$521$276$141$70$15
50 years$907$498$260$130$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $929,000, adding $4,831 every year, while hoping to spend $49,760 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: 69/19/12 Blend
44$929,000$929,000$929,000$929,000
45$1,028,741$979,504$965,105$1,096,734
46$1,080,729$974,556$944,491$1,137,571
47$1,136,351$967,697$921,520$1,175,789
48$1,195,926$958,782$896,059$1,216,298
49$1,259,804$947,655$867,970$1,259,317
50$1,328,367$934,153$837,110$1,305,085
51$1,402,035$918,102$803,328$1,353,871
52$1,481,270$899,316$766,467$1,405,967
53$1,566,578$877,601$726,362$1,461,700
54$1,658,516$852,750$682,841$1,521,430
55$1,757,693$824,544$635,725$1,585,556
56$1,864,783$792,751$584,827$1,654,520
57$1,980,521$757,126$529,948$1,728,809
58$2,105,718$717,409$470,886$1,808,962
59$2,241,266$673,327$407,425$1,895,576
60$2,388,144$624,589$339,343$1,989,311
61$2,547,429$570,888$266,405$2,090,894
62$2,720,305$511,900$188,368$2,201,133
63$2,908,075$447,282$104,978$2,320,918
64$3,112,173$376,673$15,969$2,451,234
65$3,334,174$299,689$0$2,593,170
66$3,575,812$215,927$0$2,758,044
67$3,838,997$124,959$0$2,939,908
68$4,125,827$26,334$0$3,138,223
69$4,438,615$0$0$3,354,650
70$4,779,904$0$0$3,607,837
71$5,152,493$0$0$3,890,306
72$5,559,465$0$0$4,198,892
73$6,004,213$0$0$4,536,174
74$6,490,473$0$0$4,904,993
75$7,022,356$0$0$5,308,474
76$7,604,392$0$0$5,750,060
77$8,241,567$0$0$6,233,542
78$8,939,372$0$0$6,763,094
79$9,703,854$0$0$7,343,312
80$10,541,672$0$0$7,979,260
81$11,460,160$0$0$8,676,513
82$12,467,396$0$0$9,441,212
83$13,572,277$0$0$10,280,121
84$14,784,601$0$0$11,200,689
85$16,115,163$0$0$12,211,123
86$17,575,851$0$0$13,320,462
87$19,179,764$0$0$14,538,663
88$20,941,328$0$0$15,876,696
89$22,876,436$0$0$17,346,643
90$25,002,597$0$0$18,961,817
91$27,339,098$0$0$20,736,881
92$29,907,188$0$0$22,687,992
93$32,730,279$0$0$24,832,949
94$35,834,159$0$0$27,191,362
95$39,247,246$0$0$29,784,833
96$43,000,845$0$0$32,637,168
97$47,129,447$0$0$35,774,591
98$51,671,056$0$0$39,225,996
99$56,667,543$0$0$43,023,220
100$62,165,042$0$0$47,201,341