Can I retire at age 45 with 945,000?

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 $945,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$78,037$77,342$76,664$76,002$75,356$72,337
2 years$38,632$37,913$37,215$36,539$35,884$32,881
3 years$25,499$24,776$24,081$23,411$22,766$19,873
4 years$18,934$18,213$17,525$16,866$16,237$13,476
5 years$14,996$14,279$13,600$12,955$12,343$9,721
6 years$12,371$11,660$10,991$10,360$9,767$7,285
7 years$10,497$9,792$9,133$8,518$7,943$5,601
8 years$9,092$8,394$7,746$7,145$6,589$4,384
9 years$8,000$7,308$6,671$6,086$5,549$3,478
10 years$7,127$6,442$5,816$5,246$4,728$2,787
11 years$6,413$5,735$5,121$4,566$4,066$2,250
12 years$5,818$5,147$4,544$4,005$3,524$1,828
13 years$5,316$4,652$4,060$3,536$3,073$1,492
14 years$4,885$4,228$3,648$3,139$2,694$1,222
15 years$4,513$3,863$3,294$2,799$2,372$1,004
16 years$4,187$3,544$2,986$2,506$2,096$827
17 years$3,900$3,264$2,717$2,252$1,859$683
18 years$3,645$3,016$2,481$2,029$1,653$565
19 years$3,417$2,795$2,271$1,834$1,473$467
20 years$3,212$2,597$2,084$1,661$1,316$387
21 years$3,027$2,419$1,917$1,507$1,177$321
22 years$2,859$2,258$1,767$1,370$1,055$267
23 years$2,705$2,112$1,631$1,248$947$222
24 years$2,565$1,979$1,509$1,138$852$184
25 years$2,436$1,857$1,397$1,040$766$153
26 years$2,318$1,745$1,296$951$690$127
27 years$2,208$1,643$1,203$870$622$106
28 years$2,106$1,548$1,119$797$561$88
29 years$2,012$1,460$1,041$731$507$74
30 years$1,924$1,379$970$671$458$61
31 years$1,841$1,304$904$616$414$51
32 years$1,764$1,233$843$566$375$42
33 years$1,692$1,168$788$521$339$35
34 years$1,625$1,107$736$479$307$29
35 years$1,561$1,050$688$441$278$25
36 years$1,501$997$644$406$252$20
37 years$1,444$947$602$374$228$17
38 years$1,391$900$564$345$207$14
39 years$1,340$855$529$318$188$12
40 years$1,292$814$495$293$170$10
41 years$1,246$775$464$271$154$8
42 years$1,203$738$436$250$140$7
43 years$1,162$703$409$231$127$6
44 years$1,123$670$384$213$115$5
45 years$1,085$639$360$197$105$4
46 years$1,050$610$338$182$95$3
47 years$1,016$582$318$168$86$3
48 years$983$555$299$155$78$2
49 years$952$530$281$143$71$2
50 years$923$507$264$132$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $945,000, adding $4,958 every year, while hoping to spend $44,349 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: 62/31/7 Blend
44$945,000$945,000$945,000$945,000
45$1,046,504$996,419$981,772$1,109,652
46$1,106,061$998,057$967,474$1,154,066
47$1,170,205$998,288$951,211$1,196,911
48$1,239,360$996,998$932,870$1,242,538
49$1,313,986$994,062$912,333$1,291,213
50$1,394,594$989,352$889,477$1,343,234
51$1,481,740$982,728$864,172$1,398,927
52$1,576,040$974,044$836,284$1,458,655
53$1,678,167$963,144$805,671$1,522,818
54$1,788,865$949,863$772,186$1,591,859
55$1,908,950$934,026$735,674$1,666,268
56$2,039,318$915,449$695,975$1,746,586
57$2,180,956$893,934$652,918$1,833,411
58$2,334,951$869,274$606,328$1,927,406
59$2,502,497$841,249$556,021$2,029,301
60$2,684,908$809,627$501,804$2,139,906
61$2,883,630$774,160$443,476$2,260,113
62$3,100,256$734,589$380,828$2,390,911
63$3,336,535$690,637$313,639$2,533,391
64$3,594,397$642,014$241,681$2,688,758
65$3,875,963$588,410$164,715$2,858,345
66$4,183,570$529,500$82,491$3,043,625
67$4,519,788$464,940$0$3,246,224
68$4,887,450$394,366$0$3,468,332
69$5,289,672$317,392$0$3,718,140
70$5,729,888$233,613$0$3,991,695
71$6,211,877$142,601$0$4,291,439
72$6,739,801$43,901$0$4,620,069
73$7,318,244$0$0$4,980,561
74$7,952,255$0$0$5,397,679
75$8,647,392$0$0$5,871,503
76$9,409,780$0$0$6,391,239
77$10,246,162$0$0$6,961,495
78$11,163,968$0$0$7,587,345
79$12,171,380$0$0$8,274,379
80$13,277,412$0$0$9,028,754
81$14,491,992$0$0$9,857,252
82$15,826,059$0$0$10,767,346
83$17,291,660$0$0$11,767,265
84$18,902,070$0$0$12,866,079
85$20,671,912$0$0$14,073,775
86$22,617,295$0$0$15,401,361
87$24,755,968$0$0$16,860,960
88$27,107,485$0$0$18,465,931
89$29,693,388$0$0$20,230,991
90$32,537,413$0$0$22,172,356
91$35,665,711$0$0$24,307,891
92$39,107,093$0$0$26,657,280
93$42,893,306$0$0$29,242,212
94$47,059,327$0$0$32,086,582
95$51,643,696$0$0$35,216,719
96$56,688,877$0$0$38,661,637
97$62,241,658$0$0$42,453,299
98$68,353,594$0$0$46,626,928
99$75,081,491$0$0$51,221,335
100$82,487,942$0$0$56,279,282