Can I retire at age 45 with 943,000?

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 $943,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$77,872$77,178$76,502$75,841$75,196$74,256
2 years$38,551$37,833$37,137$36,462$35,808$34,862
3 years$25,445$24,724$24,030$23,362$22,718$21,796
4 years$18,894$18,175$17,488$16,831$16,203$15,311
5 years$14,964$14,249$13,571$12,928$12,317$11,459
6 years$12,345$11,636$10,967$10,338$9,746$8,922
7 years$10,475$9,772$9,114$8,500$7,926$7,137
8 years$9,073$8,376$7,729$7,130$6,575$5,821
9 years$7,983$7,293$6,657$6,073$5,537$4,817
10 years$7,112$6,428$5,804$5,235$4,718$4,031
11 years$6,399$5,723$5,110$4,556$4,058$3,404
12 years$5,806$5,136$4,535$3,996$3,516$2,895
13 years$5,305$4,642$4,052$3,528$3,066$2,476
14 years$4,875$4,219$3,640$3,132$2,688$2,129
15 years$4,503$3,854$3,287$2,793$2,367$1,837
16 years$4,178$3,536$2,980$2,501$2,092$1,591
17 years$3,891$3,257$2,712$2,247$1,855$1,382
18 years$3,637$3,009$2,475$2,025$1,649$1,203
19 years$3,409$2,789$2,266$1,830$1,470$1,050
20 years$3,205$2,592$2,080$1,657$1,313$917
21 years$3,020$2,414$1,913$1,504$1,175$803
22 years$2,853$2,254$1,763$1,368$1,053$704
23 years$2,700$2,108$1,628$1,245$945$618
24 years$2,560$1,975$1,505$1,136$850$543
25 years$2,431$1,853$1,394$1,037$765$477
26 years$2,313$1,742$1,293$949$689$420
27 years$2,203$1,639$1,201$868$621$370
28 years$2,102$1,545$1,116$795$560$326
29 years$2,007$1,457$1,039$729$506$287
30 years$1,920$1,376$968$669$457$253
31 years$1,837$1,301$902$615$413$223
32 years$1,761$1,231$842$565$374$197
33 years$1,689$1,166$786$520$338$174
34 years$1,621$1,105$734$478$306$154
35 years$1,558$1,048$687$440$277$136
36 years$1,498$995$642$405$251$120
37 years$1,441$945$601$373$228$106
38 years$1,388$898$563$344$207$94
39 years$1,337$854$527$317$187$83
40 years$1,289$812$494$293$170$73
41 years$1,244$773$464$270$154$65
42 years$1,201$736$435$249$140$57
43 years$1,160$702$408$230$127$51
44 years$1,120$669$383$212$115$45
45 years$1,083$638$360$196$105$40
46 years$1,048$608$338$181$95$35
47 years$1,014$581$317$167$86$31
48 years$981$554$298$155$78$27
49 years$950$529$280$143$71$24
50 years$921$506$263$132$65$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $943,000, adding $2,659 every year, while hoping to spend $45,840 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: 51/26/23 Blend
44$943,000$943,000$943,000$943,000
45$1,041,929$991,950$977,333$1,088,247
46$1,099,432$991,782$961,301$1,120,442
47$1,161,264$990,069$943,194$1,150,533
48$1,227,819$986,688$922,897$1,182,306
49$1,299,527$981,507$900,285$1,215,938
50$1,376,864$974,385$875,229$1,251,626
51$1,460,349$965,176$847,594$1,289,592
52$1,550,556$953,720$817,240$1,330,080
53$1,648,113$939,853$784,018$1,373,365
54$1,753,713$923,398$747,775$1,419,749
55$1,868,114$904,167$708,348$1,469,570
56$1,992,153$881,963$665,569$1,523,205
57$2,126,750$856,576$619,263$1,581,072
58$2,272,914$827,784$569,244$1,643,633
59$2,431,758$795,352$515,320$1,711,405
60$2,604,505$759,032$457,291$1,784,959
61$2,792,500$718,560$394,946$1,864,929
62$2,997,224$673,659$328,066$1,952,022
63$3,220,307$624,034$256,421$2,047,017
64$3,463,541$569,374$179,774$2,150,780
65$3,728,900$509,352$97,875$2,264,273
66$4,018,556$443,618$10,462$2,388,560
67$4,334,900$371,807$0$2,524,819
68$4,680,565$293,530$0$2,694,683
69$5,058,447$208,378$0$2,883,334
70$5,471,739$115,918$0$3,089,877
71$5,923,952$15,694$0$3,316,160
72$6,418,954$0$0$3,564,226
73$6,961,006$0$0$3,862,873
74$7,554,798$0$0$4,195,041
75$8,205,495$0$0$4,559,142
76$8,918,787$0$0$4,958,372
77$9,700,939$0$0$5,396,251
78$10,558,852$0$0$5,876,656
79$11,500,128$0$0$6,403,856
80$12,533,138$0$0$6,982,556
81$13,667,105$0$0$7,617,936
82$14,912,187$0$0$8,315,705
83$16,279,576$0$0$9,082,150
84$17,781,599$0$0$9,924,197
85$19,431,835$0$0$10,849,476
86$21,245,245$0$0$11,866,393
87$23,238,311$0$0$12,984,210
88$25,429,191$0$0$14,213,128
89$27,837,888$0$0$15,564,388
90$30,486,442$0$0$17,050,375
91$33,399,135$0$0$18,684,733
92$36,602,720$0$0$20,482,495
93$40,126,672$0$0$22,460,224
94$44,003,467$0$0$24,636,170
95$48,268,887$0$0$27,030,440
96$52,962,358$0$0$29,665,188
97$58,127,319$0$0$32,564,827
98$63,811,634$0$0$35,756,253
99$70,068,042$0$0$39,269,104
100$76,954,654$0$0$43,136,036