Can I retire at age 45 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$76,799$76,114$75,447$74,796$74,160$72,337
2 years$38,019$37,311$36,625$35,959$35,314$33,490
3 years$25,094$24,383$23,699$23,040$22,405$20,635
4 years$18,633$17,924$17,247$16,599$15,979$14,278
5 years$14,757$14,053$13,384$12,749$12,147$10,519
6 years$12,175$11,475$10,816$10,196$9,612$8,058
7 years$10,330$9,637$8,988$8,383$7,817$6,338
8 years$8,948$8,261$7,623$7,032$6,485$5,080
9 years$7,873$7,192$6,566$5,990$5,461$4,129
10 years$7,014$6,340$5,724$5,163$4,653$3,393
11 years$6,311$5,644$5,039$4,493$4,002$2,811
12 years$5,726$5,066$4,472$3,941$3,468$2,345
13 years$5,231$4,578$3,996$3,480$3,024$1,966
14 years$4,808$4,161$3,590$3,089$2,651$1,656
15 years$4,441$3,801$3,241$2,755$2,334$1,400
16 years$4,120$3,488$2,939$2,467$2,063$1,187
17 years$3,838$3,212$2,674$2,216$1,829$1,009
18 years$3,587$2,968$2,441$1,997$1,626$860
19 years$3,362$2,751$2,235$1,805$1,450$734
20 years$3,161$2,556$2,051$1,634$1,295$627
21 years$2,979$2,381$1,887$1,483$1,159$536
22 years$2,813$2,222$1,739$1,349$1,039$460
23 years$2,662$2,079$1,605$1,228$932$394
24 years$2,524$1,948$1,485$1,120$838$338
25 years$2,398$1,828$1,375$1,023$754$290
26 years$2,281$1,718$1,275$935$679$249
27 years$2,173$1,617$1,184$856$612$214
28 years$2,073$1,523$1,101$785$553$184
29 years$1,980$1,437$1,025$719$499$159
30 years$1,893$1,357$954$660$451$136
31 years$1,812$1,283$890$606$408$117
32 years$1,736$1,214$830$557$369$101
33 years$1,665$1,150$775$512$334$87
34 years$1,599$1,090$724$472$302$75
35 years$1,536$1,033$677$434$274$65
36 years$1,477$981$633$400$248$56
37 years$1,421$932$593$368$225$48
38 years$1,369$885$555$339$204$41
39 years$1,319$842$520$313$185$36
40 years$1,271$801$488$289$168$31
41 years$1,227$762$457$266$152$26
42 years$1,184$726$429$246$138$23
43 years$1,144$692$402$227$125$20
44 years$1,105$659$378$210$114$17
45 years$1,068$629$355$194$103$15
46 years$1,033$600$333$179$94$13
47 years$1,000$573$313$165$85$11
48 years$968$547$294$153$77$9
49 years$937$522$276$141$70$8
50 years$908$499$260$130$64$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $930,000, adding $6,896 every year, while hoping to spend $47,605 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: 71/17/12 Blend
44$930,000$930,000$930,000$930,000
45$1,031,973$982,683$968,268$1,102,160
46$1,086,583$980,183$950,054$1,147,080
47$1,145,168$975,965$929,634$1,189,768
48$1,208,082$969,895$906,884$1,235,229
49$1,275,716$961,830$881,674$1,283,727
50$1,348,498$951,618$853,869$1,335,552
51$1,426,897$939,100$823,326$1,391,025
52$1,511,430$924,105$789,897$1,450,504
53$1,602,663$906,453$753,426$1,514,378
54$1,701,220$885,955$713,750$1,583,083
55$1,807,785$862,407$670,701$1,657,096
56$1,923,110$835,595$624,101$1,736,947
57$2,048,022$805,295$573,763$1,823,219
58$2,183,431$771,265$519,495$1,916,558
59$2,330,338$733,254$461,095$2,017,675
60$2,489,840$690,991$398,350$2,127,357
61$2,663,149$644,195$331,040$2,246,473
62$2,851,595$592,566$258,934$2,375,983
63$3,056,642$535,785$181,793$2,516,945
64$3,279,901$473,520$99,364$2,670,529
65$3,523,143$405,415$11,385$2,838,027
66$3,788,320$331,096$0$3,020,864
67$4,077,578$250,170$0$3,231,178
68$4,393,280$162,217$0$3,462,385
69$4,738,027$66,799$0$3,714,982
70$5,114,683$0$0$3,991,127
71$5,526,398$0$0$4,300,035
72$5,976,644$0$0$4,651,562
73$6,469,242$0$0$5,036,203
74$7,008,399$0$0$5,457,248
75$7,598,747$0$0$5,918,321
76$8,245,389$0$0$6,423,413
77$8,953,942$0$0$6,976,919
78$9,730,595$0$0$7,583,680
79$10,582,163$0$0$8,249,027
80$11,516,150$0$0$8,978,831
81$12,540,824$0$0$9,779,560
82$13,665,290$0$0$10,658,337
83$14,899,579$0$0$11,623,009
84$16,254,739$0$0$12,682,220
85$17,742,941$0$0$13,845,491
86$19,377,591$0$0$15,123,310
87$21,173,459$0$0$16,527,232
88$23,146,815$0$0$18,069,987
89$25,315,583$0$0$19,765,598
90$27,699,512$0$0$21,629,514
91$30,320,356$0$0$23,678,756
92$33,202,084$0$0$25,932,076
93$36,371,103$0$0$28,410,135
94$39,856,509$0$0$31,135,694
95$43,690,355$0$0$34,133,834
96$47,907,961$0$0$37,432,187
97$52,548,241$0$0$41,061,198
98$57,654,069$0$0$45,054,412
99$63,272,689$0$0$49,448,790
100$69,456,151$0$0$54,285,058