Can I retire at age 45 with 938,000?

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 $938,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$77,459$76,769$76,096$75,439$74,797$72,753
2 years$38,346$37,632$36,940$36,269$35,618$33,573
3 years$25,310$24,593$23,903$23,238$22,597$20,616
4 years$18,793$18,078$17,395$16,741$16,117$14,215
5 years$14,884$14,174$13,499$12,859$12,252$10,434
6 years$12,279$11,574$10,909$10,283$9,694$7,962
7 years$10,419$9,720$9,066$8,455$7,884$6,238
8 years$9,025$8,332$7,688$7,092$6,541$4,979
9 years$7,941$7,254$6,622$6,041$5,508$4,030
10 years$7,074$6,394$5,773$5,208$4,693$3,297
11 years$6,365$5,692$5,083$4,532$4,036$2,720
12 years$5,775$5,109$4,511$3,975$3,498$2,258
13 years$5,276$4,617$4,030$3,510$3,050$1,885
14 years$4,849$4,197$3,621$3,115$2,674$1,580
15 years$4,479$3,834$3,269$2,778$2,354$1,329
16 years$4,156$3,518$2,964$2,488$2,081$1,121
17 years$3,871$3,240$2,697$2,235$1,845$948
18 years$3,618$2,993$2,462$2,014$1,640$804
19 years$3,391$2,774$2,254$1,820$1,462$682
20 years$3,188$2,578$2,069$1,649$1,306$580
21 years$3,004$2,401$1,903$1,496$1,169$494
22 years$2,837$2,242$1,754$1,360$1,048$421
23 years$2,685$2,096$1,619$1,239$940$359
24 years$2,546$1,964$1,497$1,130$845$306
25 years$2,418$1,843$1,387$1,032$761$261
26 years$2,300$1,732$1,286$944$685$223
27 years$2,192$1,630$1,194$864$618$191
28 years$2,091$1,536$1,110$791$557$163
29 years$1,997$1,449$1,033$726$503$139
30 years$1,909$1,369$963$666$455$119
31 years$1,828$1,294$897$612$411$102
32 years$1,751$1,224$837$562$372$87
33 years$1,680$1,159$782$517$337$75
34 years$1,613$1,099$730$476$305$64
35 years$1,549$1,042$683$438$276$55
36 years$1,490$989$639$403$250$47
37 years$1,434$940$598$371$227$40
38 years$1,380$893$560$342$205$34
39 years$1,330$849$525$316$186$30
40 years$1,282$808$492$291$169$25
41 years$1,237$769$461$269$153$22
42 years$1,194$732$432$248$139$19
43 years$1,153$698$406$229$126$16
44 years$1,114$665$381$211$115$14
45 years$1,077$634$358$195$104$12
46 years$1,042$605$336$180$94$10
47 years$1,008$577$316$167$86$9
48 years$976$551$297$154$78$7
49 years$945$526$279$142$71$6
50 years$916$503$262$131$64$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $938,000, adding $6,207 every year, while hoping to spend $40,044 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: 59/25/16 Blend
44$938,000$938,000$938,000$938,000
45$1,040,079$990,365$975,826$1,096,826
46$1,103,560$996,286$965,909$1,141,826
47$1,172,175$1,001,155$954,319$1,185,902
48$1,246,403$1,004,879$940,955$1,233,039
49$1,326,776$1,007,357$925,716$1,283,536
50$1,413,873$1,008,484$908,494$1,337,727
51$1,508,334$1,008,146$889,175$1,395,979
52$1,610,864$1,006,224$867,642$1,458,699
53$1,722,235$1,002,592$843,771$1,526,336
54$1,843,298$997,115$817,432$1,599,387
55$1,974,990$989,649$788,492$1,678,401
56$2,118,340$980,042$756,807$1,763,983
57$2,274,481$968,135$722,231$1,856,806
58$2,444,662$953,757$684,609$1,957,609
59$2,630,253$936,727$643,779$2,067,210
60$2,832,766$916,854$599,573$2,186,515
61$3,053,864$893,936$551,815$2,316,522
62$3,295,377$867,757$500,319$2,458,334
63$3,559,319$838,091$444,893$2,613,170
64$3,847,910$804,698$385,338$2,782,378
65$4,163,591$767,323$321,441$2,967,442
66$4,509,053$725,697$252,985$3,170,006
67$4,887,256$679,536$179,739$3,391,883
68$5,301,462$628,538$101,466$3,635,074
69$5,755,261$572,387$17,916$3,901,790
70$6,252,609$510,745$0$4,194,472
71$6,797,861$443,258$0$4,527,976
72$7,395,815$369,550$0$4,897,169
73$8,051,754$289,224$0$5,302,319
74$8,771,499$201,861$0$5,747,100
75$9,561,458$107,019$0$6,235,563
76$10,428,695$4,231$0$6,772,178
77$11,380,987$0$0$7,361,872
78$12,426,902$0$0$8,039,513
79$13,575,880$0$0$8,785,289
80$14,838,319$0$0$9,604,795
81$16,225,674$0$0$10,505,478
82$17,750,566$0$0$11,495,542
83$19,426,897$0$0$12,584,025
84$21,269,986$0$0$13,780,885
85$23,296,709$0$0$15,097,094
86$25,525,659$0$0$16,544,739
87$27,977,321$0$0$18,137,138
88$30,674,267$0$0$19,888,963
89$33,641,363$0$0$21,816,383
90$36,906,010$0$0$23,937,210
91$40,498,399$0$0$26,271,071
92$44,451,791$0$0$28,839,592
93$48,802,841$0$0$31,666,603
94$53,591,932$0$0$34,778,357
95$58,863,563$0$0$38,203,786
96$64,666,766$0$0$41,974,766
97$71,055,568$0$0$46,126,424
98$78,089,501$0$0$50,697,463
99$85,834,162$0$0$55,730,532
100$94,361,834$0$0$61,272,624