Can I retire at age 45 with 937,000?

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 $937,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$77,377$76,687$76,015$75,359$74,718$74,372
2 years$38,305$37,592$36,900$36,230$35,580$35,230
3 years$25,283$24,567$23,877$23,213$22,573$22,232
4 years$18,773$18,059$17,376$16,724$16,099$15,768
5 years$14,869$14,159$13,485$12,845$12,239$11,918
6 years$12,266$11,562$10,898$10,273$9,684$9,375
7 years$10,408$9,709$9,056$8,446$7,876$7,579
8 years$9,015$8,323$7,680$7,085$6,534$6,248
9 years$7,932$7,246$6,615$6,035$5,502$5,229
10 years$7,067$6,387$5,767$5,202$4,688$4,426
11 years$6,359$5,686$5,077$4,527$4,032$3,781
12 years$5,769$5,104$4,506$3,971$3,494$3,255
13 years$5,271$4,612$4,026$3,506$3,047$2,818
14 years$4,844$4,192$3,617$3,112$2,671$2,453
15 years$4,474$3,830$3,266$2,775$2,352$2,144
16 years$4,151$3,514$2,961$2,485$2,078$1,881
17 years$3,866$3,236$2,694$2,233$1,843$1,656
18 years$3,614$2,990$2,460$2,012$1,639$1,461
19 years$3,388$2,771$2,252$1,818$1,460$1,292
20 years$3,185$2,575$2,066$1,647$1,305$1,145
21 years$3,001$2,399$1,901$1,495$1,167$1,017
22 years$2,834$2,239$1,752$1,359$1,046$904
23 years$2,682$2,094$1,617$1,238$939$805
24 years$2,543$1,962$1,496$1,129$844$717
25 years$2,416$1,841$1,386$1,031$760$640
26 years$2,298$1,731$1,285$943$684$572
27 years$2,189$1,629$1,193$863$617$511
28 years$2,088$1,535$1,109$790$557$457
29 years$1,995$1,448$1,032$725$503$409
30 years$1,907$1,367$962$665$454$367
31 years$1,826$1,293$896$611$411$329
32 years$1,750$1,223$836$561$371$295
33 years$1,678$1,158$781$516$336$264
34 years$1,611$1,098$730$475$304$237
35 years$1,548$1,041$682$437$276$213
36 years$1,488$988$638$403$250$191
37 years$1,432$939$597$371$226$171
38 years$1,379$892$559$342$205$154
39 years$1,329$848$524$315$186$138
40 years$1,281$807$491$291$169$124
41 years$1,236$768$461$268$153$112
42 years$1,193$732$432$248$139$100
43 years$1,152$697$405$229$126$90
44 years$1,113$664$381$211$114$81
45 years$1,076$634$357$195$104$73
46 years$1,041$604$336$180$94$66
47 years$1,007$577$315$166$86$59
48 years$975$551$296$154$78$53
49 years$944$526$278$142$71$48
50 years$915$502$262$131$64$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $937,000, adding $6,866 every year, while hoping to spend $21,664 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: 86/9/5 Blend
44$937,000$937,000$937,000$937,000
45$1,039,656$989,995$975,472$1,128,512
46$1,122,651$1,015,455$985,100$1,212,895
47$1,213,385$1,041,436$994,324$1,301,883
48$1,312,625$1,067,941$1,003,109$1,398,961
49$1,421,215$1,094,972$1,011,415$1,504,928
50$1,540,084$1,122,531$1,019,202$1,620,661
51$1,670,255$1,150,618$1,026,429$1,747,130
52$1,812,857$1,179,233$1,033,050$1,885,399
53$1,969,129$1,208,377$1,039,018$2,036,643
54$2,140,439$1,238,046$1,044,283$2,202,155
55$2,328,291$1,268,238$1,048,795$2,383,358
56$2,534,345$1,298,950$1,052,498$2,581,820
57$2,760,427$1,330,176$1,055,334$2,799,269
58$3,008,547$1,361,912$1,057,245$3,037,609
59$3,280,922$1,394,149$1,058,166$3,298,934
60$3,579,993$1,426,879$1,058,031$3,585,554
61$3,908,448$1,460,092$1,056,771$3,900,013
62$4,269,249$1,493,776$1,054,313$4,245,113
63$4,665,660$1,527,918$1,050,579$4,623,942
64$5,101,274$1,562,503$1,045,490$5,039,900
65$5,580,052$1,597,513$1,038,962$5,496,734
66$6,106,356$1,632,930$1,030,906$5,998,573
67$6,684,993$1,668,733$1,021,231$6,549,966
68$7,321,259$1,704,897$1,009,838$7,155,924
69$8,020,987$1,741,397$996,628$7,821,969
70$8,790,606$1,778,203$981,493$8,554,183
71$9,637,197$1,815,285$964,322$9,359,272
72$10,568,564$1,852,607$945,000$10,244,620
73$11,593,305$1,890,131$923,404$11,218,366
74$12,720,891$1,927,817$899,407$12,289,477
75$13,961,761$1,965,619$872,876$13,467,835
76$15,327,414$2,003,488$843,672$14,764,326
77$16,830,524$2,041,372$811,648$16,190,947
78$18,485,051$2,079,213$776,652$17,760,918
79$20,306,381$2,116,950$738,525$19,488,805
80$22,311,467$2,154,515$697,100$21,390,660
81$24,518,987$2,191,837$652,204$23,484,170
82$26,949,524$2,228,837$603,653$25,788,825
83$29,625,758$2,265,433$551,258$28,326,101
84$32,572,681$2,301,535$494,821$31,119,666
85$35,817,831$2,337,046$434,133$34,195,597
86$39,391,552$2,371,864$368,979$37,582,632
87$43,327,282$2,405,877$299,132$41,312,439
88$47,661,866$2,438,967$224,355$45,419,915
89$52,435,908$2,471,007$144,402$49,943,513
90$57,694,146$2,501,862$59,015$54,925,610
91$63,485,883$2,531,387$0$60,412,902
92$69,865,445$2,559,427$0$66,458,559
93$76,892,698$2,585,817$0$73,121,047
94$84,633,613$2,610,381$0$80,459,717
95$93,160,883$2,632,932$0$88,543,446
96$102,554,615$2,653,268$0$97,448,134
97$112,903,086$2,671,177$0$107,257,421
98$124,303,569$2,686,433$0$118,063,476
99$136,863,258$2,698,794$0$129,967,865
100$150,700,279$2,708,004$0$143,082,515