Can I retire at age 45 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$77,211$76,524$75,853$75,198$74,558$73,934
2 years$38,223$37,512$36,822$36,153$35,504$34,874
3 years$25,229$24,514$23,826$23,163$22,525$21,910
4 years$18,733$18,021$17,339$16,688$16,065$15,469
5 years$14,837$14,128$13,456$12,818$12,212$11,638
6 years$12,240$11,537$10,874$10,251$9,663$9,111
7 years$10,386$9,689$9,037$8,428$7,859$7,328
8 years$8,996$8,305$7,664$7,070$6,520$6,011
9 years$7,915$7,231$6,601$6,022$5,491$5,004
10 years$7,051$6,374$5,755$5,191$4,678$4,213
11 years$6,345$5,674$5,066$4,518$4,023$3,580
12 years$5,757$5,093$4,496$3,963$3,487$3,064
13 years$5,260$4,602$4,017$3,498$3,040$2,638
14 years$4,834$4,183$3,609$3,105$2,665$2,282
15 years$4,465$3,822$3,259$2,769$2,347$1,983
16 years$4,142$3,506$2,955$2,480$2,074$1,729
17 years$3,858$3,229$2,689$2,228$1,839$1,512
18 years$3,606$2,984$2,454$2,008$1,635$1,326
19 years$3,380$2,765$2,247$1,814$1,457$1,165
20 years$3,178$2,570$2,062$1,643$1,302$1,026
21 years$2,995$2,394$1,897$1,491$1,165$905
22 years$2,828$2,234$1,748$1,356$1,044$799
23 years$2,677$2,090$1,614$1,235$937$707
24 years$2,538$1,958$1,493$1,126$842$626
25 years$2,411$1,837$1,383$1,029$758$554
26 years$2,293$1,727$1,282$941$683$492
27 years$2,185$1,625$1,191$861$616$437
28 years$2,084$1,531$1,107$789$556$388
29 years$1,990$1,445$1,030$723$502$345
30 years$1,903$1,364$959$664$453$306
31 years$1,822$1,290$894$610$410$273
32 years$1,746$1,220$835$560$371$243
33 years$1,674$1,156$779$515$335$216
34 years$1,607$1,095$728$474$304$192
35 years$1,544$1,039$681$436$275$171
36 years$1,485$986$637$402$249$153
37 years$1,429$937$596$370$226$136
38 years$1,376$890$558$341$205$121
39 years$1,326$846$523$315$186$108
40 years$1,278$805$490$290$168$96
41 years$1,233$767$460$268$153$86
42 years$1,190$730$431$247$139$77
43 years$1,150$696$405$228$126$68
44 years$1,111$663$380$211$114$61
45 years$1,074$632$357$195$104$54
46 years$1,039$603$335$180$94$49
47 years$1,005$576$315$166$86$43
48 years$973$549$296$153$78$39
49 years$942$525$278$142$71$35
50 years$913$501$261$131$64$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $935,000, adding $4,570 every year, while hoping to spend $52,057 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: 51/37/12 Blend
44$935,000$935,000$935,000$935,000
45$1,035,084$985,529$971,036$1,084,330
46$1,085,274$978,432$948,178$1,111,406
47$1,138,839$969,242$922,809$1,134,927
48$1,196,068$957,802$894,790$1,159,309
49$1,257,278$943,945$863,977$1,184,648
50$1,322,817$927,495$830,216$1,211,052
51$1,393,065$908,263$793,349$1,238,643
52$1,468,441$886,051$753,210$1,267,558
53$1,549,404$860,650$709,625$1,297,952
54$1,636,457$831,836$662,411$1,329,999
55$1,730,154$799,374$611,380$1,363,896
56$1,831,102$763,015$556,333$1,399,863
57$1,939,966$722,495$497,063$1,438,146
58$2,057,481$677,536$433,353$1,479,022
59$2,184,452$627,842$364,977$1,522,802
60$2,321,762$573,102$291,700$1,569,833
61$2,470,384$512,987$213,274$1,620,503
62$2,631,387$447,148$129,443$1,675,245
63$2,805,947$375,216$39,938$1,734,545
64$2,995,356$296,805$0$1,798,943
65$3,201,036$211,501$0$1,876,159
66$3,424,550$118,873$0$1,965,670
67$3,667,619$18,462$0$2,063,145
68$3,932,133$0$0$2,169,459
69$4,220,177$0$0$2,322,317
70$4,534,040$0$0$2,497,155
71$4,876,244$0$0$2,687,872
72$5,249,565$0$0$2,896,027
73$5,657,057$0$0$3,123,334
74$6,102,082$0$0$3,371,681
75$6,588,342$0$0$3,643,148
76$7,119,912$0$0$3,940,023
77$7,701,278$0$0$4,264,824
78$8,337,380$0$0$4,620,328
79$9,033,658$0$0$5,009,588
80$9,796,100$0$0$5,435,969
81$10,631,303$0$0$5,903,177
82$11,546,532$0$0$6,415,291
83$12,549,784$0$0$6,976,805
84$13,649,872$0$0$7,592,669
85$14,856,500$0$0$8,268,335
86$16,180,354$0$0$9,009,806
87$17,633,210$0$0$9,823,698
88$19,228,035$0$0$10,717,296
89$20,979,113$0$0$11,698,626
90$22,902,180$0$0$12,776,528
91$25,014,571$0$0$13,960,743
92$27,335,381$0$0$15,261,999
93$29,885,647$0$0$16,692,118
94$32,688,546$0$0$18,264,120
95$35,769,609$0$0$19,992,353
96$39,156,966$0$0$21,892,622
97$42,881,607$0$0$23,982,342
98$46,977,676$0$0$26,280,699
99$51,482,792$0$0$28,808,831
100$56,438,401$0$0$31,590,028