Can I retire at age 45 with 942,000?

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 $942,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$77,789$77,097$76,421$75,761$75,116$72,250
2 years$38,510$37,792$37,097$36,423$35,770$32,916
3 years$25,418$24,698$24,004$23,337$22,694$19,942
4 years$18,874$18,155$17,469$16,813$16,185$13,557
5 years$14,948$14,234$13,557$12,914$12,304$9,805
6 years$12,332$11,623$10,956$10,327$9,736$7,368
7 years$10,464$9,761$9,104$8,491$7,918$5,681
8 years$9,063$8,367$7,721$7,123$6,568$4,461
9 years$7,975$7,285$6,650$6,067$5,532$3,549
10 years$7,104$6,421$5,798$5,230$4,713$2,853
11 years$6,393$5,717$5,104$4,551$4,054$2,311
12 years$5,800$5,131$4,530$3,992$3,513$1,883
13 years$5,299$4,637$4,047$3,525$3,063$1,542
14 years$4,870$4,215$3,636$3,129$2,685$1,268
15 years$4,498$3,850$3,283$2,790$2,364$1,046
16 years$4,173$3,533$2,977$2,498$2,089$865
17 years$3,887$3,253$2,709$2,245$1,853$716
18 years$3,633$3,006$2,473$2,023$1,647$595
19 years$3,406$2,786$2,264$1,828$1,468$494
20 years$3,202$2,589$2,077$1,656$1,312$411
21 years$3,017$2,412$1,911$1,503$1,174$342
22 years$2,850$2,251$1,761$1,366$1,052$285
23 years$2,697$2,105$1,626$1,244$944$238
24 years$2,557$1,973$1,504$1,135$849$199
25 years$2,429$1,851$1,393$1,036$764$166
26 years$2,310$1,740$1,292$948$688$139
27 years$2,201$1,637$1,200$867$620$116
28 years$2,100$1,543$1,115$795$560$97
29 years$2,005$1,456$1,038$729$505$81
30 years$1,918$1,375$967$669$457$68
31 years$1,836$1,299$901$614$413$57
32 years$1,759$1,230$841$564$373$47
33 years$1,687$1,164$785$519$338$40
34 years$1,619$1,104$734$478$306$33
35 years$1,556$1,047$686$440$277$28
36 years$1,496$994$642$405$251$23
37 years$1,440$944$600$373$228$19
38 years$1,386$897$562$344$206$16
39 years$1,336$853$527$317$187$14
40 years$1,288$811$494$292$170$11
41 years$1,242$772$463$270$154$9
42 years$1,199$736$434$249$140$8
43 years$1,158$701$408$230$127$7
44 years$1,119$668$383$212$115$6
45 years$1,082$637$359$196$104$5
46 years$1,047$608$337$181$95$4
47 years$1,013$580$317$167$86$3
48 years$980$554$298$155$78$3
49 years$949$529$280$143$71$2
50 years$920$505$263$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $942,000, adding $2,918 every year, while hoping to spend $22,073 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: 67/17/16 Blend
44$942,000$942,000$942,000$942,000
45$1,041,094$991,168$976,567$1,106,674
46$1,123,800$1,016,250$985,796$1,175,912
47$1,214,202$1,041,821$994,595$1,248,735
48$1,313,063$1,067,881$1,002,926$1,327,816
49$1,421,219$1,094,432$1,010,748$1,413,765
50$1,539,596$1,121,472$1,018,021$1,507,259
51$1,669,210$1,148,999$1,024,700$1,609,040
52$1,811,181$1,177,011$1,030,738$1,719,927
53$1,966,741$1,205,505$1,036,088$1,840,823
54$2,137,250$1,234,475$1,040,698$1,972,720
55$2,324,202$1,263,917$1,044,514$2,116,713
56$2,529,245$1,293,824$1,047,480$2,274,009
57$2,754,194$1,324,187$1,049,537$2,445,935
58$3,001,048$1,354,998$1,050,622$2,633,956
59$3,272,007$1,386,245$1,050,669$2,839,684
60$3,569,496$1,417,916$1,049,612$3,064,897
61$3,896,188$1,449,997$1,047,377$3,311,551
62$4,255,024$1,482,471$1,043,889$3,581,805
63$4,649,246$1,515,322$1,039,069$3,878,036
64$5,082,425$1,548,529$1,032,834$4,202,863
65$5,558,496$1,582,071$1,025,097$4,559,174
66$6,081,793$1,615,922$1,015,768$4,950,148
67$6,657,090$1,650,056$1,004,750$5,379,291
68$7,289,648$1,684,445$991,945$5,850,465
69$7,985,264$1,719,054$977,246$6,367,928
70$8,750,323$1,753,850$960,546$6,936,369
71$9,591,860$1,788,793$941,729$7,560,957
72$10,517,628$1,823,842$920,675$8,247,389
73$11,536,168$1,858,952$897,259$9,001,943
74$12,656,889$1,894,072$871,350$9,831,535
75$13,890,161$1,929,151$842,809$10,743,789
76$15,247,408$1,964,130$811,494$11,747,108
77$16,741,218$1,998,947$777,254$12,850,749
78$18,385,463$2,033,536$739,932$14,064,916
79$20,195,424$2,067,823$699,364$15,400,852
80$22,187,943$2,101,732$655,378$16,870,951
81$24,381,575$2,135,179$607,795$18,488,868
82$26,796,767$2,168,074$556,427$20,269,652
83$29,456,049$2,200,322$501,080$22,229,890
84$32,384,247$2,231,819$441,547$24,387,860
85$35,608,718$2,262,455$377,616$26,763,705
86$39,159,605$2,292,113$309,064$29,379,623
87$43,070,124$2,320,666$235,657$32,260,079
88$47,376,878$2,347,980$157,153$35,432,034
89$52,120,199$2,373,911$73,297$38,925,198
90$57,344,532$2,398,305$0$42,772,318
91$63,098,851$2,420,998$0$47,012,241
92$69,437,123$2,441,817$0$51,695,504
93$76,418,819$2,460,575$0$56,853,458
94$84,109,469$2,477,074$0$62,534,450
95$92,581,287$2,491,103$0$68,791,761
96$101,913,849$2,502,438$0$75,684,104
97$112,194,845$2,510,840$0$83,276,182
98$123,520,904$2,516,056$0$91,639,295
99$135,998,511$2,517,817$0$100,852,016
100$149,745,005$2,515,836$0$111,000,930