Can I retire at age 45 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$77,542$76,851$76,177$75,519$74,877$72,422
2 years$38,387$37,672$36,979$36,307$35,656$33,206
3 years$25,337$24,619$23,928$23,263$22,622$20,254
4 years$18,813$18,098$17,413$16,759$16,134$13,866
5 years$14,900$14,189$13,514$12,873$12,265$10,103
6 years$12,292$11,586$10,921$10,294$9,705$7,651
7 years$10,430$9,730$9,075$8,464$7,892$5,946
8 years$9,034$8,340$7,697$7,100$6,548$4,708
9 years$7,949$7,262$6,629$6,048$5,514$3,778
10 years$7,082$6,401$5,779$5,213$4,698$3,064
11 years$6,372$5,698$5,088$4,537$4,041$2,505
12 years$5,781$5,115$4,516$3,979$3,502$2,060
13 years$5,282$4,622$4,034$3,513$3,053$1,704
14 years$4,854$4,201$3,625$3,119$2,677$1,414
15 years$4,484$3,838$3,273$2,781$2,357$1,178
16 years$4,160$3,521$2,967$2,490$2,083$984
17 years$3,875$3,243$2,700$2,238$1,847$824
18 years$3,621$2,997$2,465$2,017$1,642$691
19 years$3,395$2,777$2,256$1,822$1,464$580
20 years$3,191$2,581$2,071$1,650$1,307$488
21 years$3,007$2,404$1,905$1,498$1,170$411
22 years$2,840$2,244$1,756$1,362$1,049$346
23 years$2,688$2,099$1,621$1,240$941$292
24 years$2,549$1,966$1,499$1,131$846$246
25 years$2,421$1,845$1,388$1,033$761$208
26 years$2,303$1,734$1,288$945$686$176
27 years$2,194$1,632$1,196$865$618$148
28 years$2,093$1,538$1,112$792$558$126
29 years$1,999$1,451$1,034$726$504$106
30 years$1,911$1,370$964$667$455$90
31 years$1,830$1,295$898$612$412$76
32 years$1,753$1,226$838$563$372$64
33 years$1,682$1,161$783$517$337$54
34 years$1,614$1,100$731$476$305$46
35 years$1,551$1,043$684$438$276$39
36 years$1,491$990$639$404$250$33
37 years$1,435$941$599$372$227$28
38 years$1,382$894$561$343$206$24
39 years$1,331$850$525$316$187$20
40 years$1,284$809$492$292$169$17
41 years$1,238$770$462$269$153$14
42 years$1,195$733$433$248$139$12
43 years$1,155$699$406$229$126$10
44 years$1,116$666$381$212$115$9
45 years$1,079$635$358$195$104$7
46 years$1,043$606$336$180$95$6
47 years$1,009$578$316$167$86$5
48 years$977$552$297$154$78$4
49 years$946$527$279$142$71$4
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $939,000, adding $5,204 every year, while hoping to spend $48,853 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: 64/17/19 Blend
44$939,000$939,000$939,000$939,000
45$1,040,146$990,379$975,824$1,101,397
46$1,094,262$986,928$956,535$1,139,747
47$1,152,260$981,671$934,963$1,175,609
48$1,214,485$974,468$910,978$1,213,636
49$1,281,315$965,169$884,449$1,254,041
50$1,353,164$953,618$855,233$1,297,062
51$1,430,489$939,647$823,185$1,342,961
52$1,513,788$923,079$788,152$1,392,030
53$1,603,612$903,728$749,972$1,444,591
54$1,700,564$881,393$708,480$1,501,001
55$1,805,306$855,867$663,499$1,561,656
56$1,918,568$826,924$614,846$1,626,996
57$2,041,149$794,331$562,331$1,697,504
58$2,173,931$757,838$505,754$1,773,719
59$2,317,881$717,181$444,905$1,856,235
60$2,474,063$672,081$379,568$1,945,711
61$2,643,648$622,244$309,514$2,042,874
62$2,827,924$567,358$234,507$2,148,532
63$3,028,307$507,093$154,297$2,263,576
64$3,246,354$441,100$68,626$2,388,991
65$3,483,781$369,013$0$2,525,869
66$3,742,474$290,442$0$2,680,037
67$4,024,509$204,976$0$2,863,356
68$4,332,172$112,182$0$3,063,430
69$4,667,976$11,602$0$3,281,953
70$5,034,691$0$0$3,520,789
71$5,435,364$0$0$3,800,190
72$5,873,350$0$0$4,108,045
73$6,352,344$0$0$4,444,789
74$6,876,413$0$0$4,813,289
75$7,450,035$0$0$5,216,703
76$8,078,141$0$0$5,658,508
77$8,766,162$0$0$6,142,532
78$9,520,079$0$0$6,672,993
79$10,346,479$0$0$7,254,534
80$11,252,614$0$0$7,892,270
81$12,246,476$0$0$8,591,836
82$13,336,864$0$0$9,359,435
83$14,533,470$0$0$10,201,904
84$15,846,972$0$0$11,126,771
85$17,289,130$0$0$12,142,328
86$18,872,901$0$0$13,257,712
87$20,612,554$0$0$14,482,986
88$22,523,813$0$0$15,829,238
89$24,623,996$0$0$17,308,680
90$26,932,185$0$0$18,934,768
91$29,469,401$0$0$20,722,327
92$32,258,801$0$0$22,687,687
93$35,325,902$0$0$24,848,842
94$38,698,813$0$0$27,225,615
95$42,408,505$0$0$29,839,849
96$46,489,102$0$0$32,715,606
97$50,978,200$0$0$35,879,402
98$55,917,223$0$0$39,360,450
99$61,351,812$0$0$43,190,936
100$67,332,258$0$0$47,406,328