Can I retire at age 45 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$76,964$76,278$75,609$74,956$74,319$72,848
2 years$38,101$37,391$36,704$36,037$35,390$33,914
3 years$25,148$24,436$23,750$23,089$22,453$21,019
4 years$18,673$17,963$17,284$16,634$16,014$14,632
5 years$14,789$14,083$13,413$12,777$12,173$10,847
6 years$12,201$11,500$10,840$10,218$9,632$8,364
7 years$10,353$9,658$9,008$8,401$7,834$6,623
8 years$8,967$8,278$7,639$7,047$6,499$5,346
9 years$7,890$7,208$6,580$6,002$5,473$4,377
10 years$7,029$6,353$5,736$5,174$4,663$3,623
11 years$6,325$5,656$5,050$4,503$4,010$3,025
12 years$5,738$5,076$4,482$3,950$3,475$2,543
13 years$5,243$4,588$4,004$3,487$3,031$2,150
14 years$4,818$4,170$3,598$3,095$2,657$1,826
15 years$4,450$3,809$3,248$2,761$2,339$1,556
16 years$4,129$3,495$2,945$2,472$2,067$1,331
17 years$3,846$3,219$2,680$2,221$1,833$1,141
18 years$3,594$2,974$2,446$2,001$1,630$981
19 years$3,370$2,757$2,240$1,809$1,453$844
20 years$3,168$2,562$2,055$1,638$1,298$728
21 years$2,985$2,386$1,891$1,487$1,161$629
22 years$2,819$2,227$1,742$1,352$1,041$544
23 years$2,668$2,083$1,609$1,231$934$471
24 years$2,530$1,952$1,488$1,123$840$408
25 years$2,403$1,832$1,378$1,025$756$353
26 years$2,286$1,721$1,278$937$681$306
27 years$2,178$1,620$1,187$858$614$266
28 years$2,077$1,527$1,103$786$554$231
29 years$1,984$1,440$1,027$721$500$201
30 years$1,897$1,360$956$662$452$174
31 years$1,816$1,286$892$608$408$152
32 years$1,740$1,217$832$558$369$132
33 years$1,669$1,152$777$514$334$115
34 years$1,602$1,092$726$473$303$100
35 years$1,539$1,036$679$435$274$87
36 years$1,480$983$635$401$248$75
37 years$1,424$934$594$369$225$66
38 years$1,372$887$556$340$204$57
39 years$1,322$844$521$314$185$50
40 years$1,274$803$489$289$168$43
41 years$1,229$764$458$267$152$38
42 years$1,187$728$430$246$138$33
43 years$1,146$693$403$227$125$29
44 years$1,107$661$379$210$114$25
45 years$1,071$630$355$194$103$22
46 years$1,035$601$334$179$94$19
47 years$1,002$574$314$166$85$16
48 years$970$548$295$153$77$14
49 years$939$523$277$141$70$12
50 years$910$500$260$131$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $932,000, adding $3,457 every year, while hoping to spend $28,137 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: 72/10/18 Blend
44$932,000$932,000$932,000$932,000
45$1,030,630$981,234$966,788$1,100,225
46$1,105,817$999,377$969,238$1,165,067
47$1,187,729$1,017,466$970,827$1,232,332
48$1,277,024$1,035,468$971,496$1,305,278
49$1,374,424$1,053,349$971,184$1,384,461
50$1,480,724$1,071,072$969,827$1,470,497
51$1,596,798$1,088,595$967,357$1,564,064
52$1,723,611$1,105,876$963,703$1,665,909
53$1,862,223$1,122,867$958,791$1,776,853
54$2,013,802$1,139,520$952,542$1,897,805
55$2,179,633$1,155,779$944,876$2,029,764
56$2,361,132$1,171,589$935,706$2,173,830
57$2,559,858$1,186,888$924,943$2,331,218
58$2,777,528$1,201,610$912,493$2,503,267
59$3,016,032$1,215,685$898,257$2,691,449
60$3,277,452$1,229,038$882,134$2,897,390
61$3,564,081$1,241,590$864,014$3,122,882
62$3,878,445$1,253,255$843,786$3,369,898
63$4,223,325$1,263,943$821,331$3,640,614
64$4,601,784$1,273,557$796,526$3,937,428
65$5,017,199$1,281,993$769,242$4,262,983
66$5,473,286$1,289,144$739,345$4,620,192
67$5,974,140$1,294,891$706,692$5,012,266
68$6,524,273$1,299,111$671,136$5,442,744
69$7,128,653$1,301,672$632,524$5,915,527
70$7,792,756$1,302,434$590,693$6,434,913
71$8,522,612$1,301,248$545,477$7,005,641
72$9,324,865$1,297,957$496,697$7,632,935
73$10,206,837$1,292,392$444,172$8,322,549
74$11,176,591$1,284,375$387,708$9,080,830
75$12,243,012$1,273,719$327,105$9,914,769
76$13,415,890$1,260,222$262,154$10,832,074
77$14,706,011$1,243,673$192,637$11,841,241
78$16,125,257$1,223,846$118,323$12,951,632
79$17,686,723$1,200,504$38,976$14,173,566
80$19,404,833$1,173,393$0$15,518,418
81$21,295,485$1,142,248$0$17,007,500
82$23,376,190$1,106,784$0$18,654,410
83$25,666,247$1,066,702$0$20,466,936
84$28,186,919$1,021,685$0$22,461,913
85$30,961,635$971,398$0$24,657,897
86$34,016,211$915,485$0$27,075,334
87$37,379,093$853,573$0$29,736,753
88$41,081,626$785,263$0$32,666,983
89$45,158,347$710,137$0$35,893,384
90$49,647,316$627,752$0$39,446,105
91$54,590,469$537,638$0$43,358,372
92$60,034,016$439,301$0$47,666,797
93$66,028,877$332,218$0$52,411,727
94$72,631,162$215,837$0$57,637,624
95$79,902,702$89,574$0$63,393,485
96$87,911,629$0$0$69,733,304
97$96,733,020$0$0$76,721,773
98$106,449,606$0$0$84,430,354
99$117,152,554$0$0$92,921,524
100$128,942,322$0$0$102,274,990