Can I retire at age 45 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$78,120$77,424$76,745$76,082$75,435$74,155
2 years$38,673$37,953$37,255$36,578$35,922$34,636
3 years$25,526$24,803$24,106$23,436$22,790$21,539
4 years$18,954$18,233$17,543$16,884$16,254$15,047
5 years$15,011$14,295$13,614$12,969$12,356$11,196
6 years$12,384$11,673$11,002$10,371$9,777$8,666
7 years$10,508$9,803$9,143$8,527$7,951$6,889
8 years$9,102$8,403$7,754$7,153$6,596$5,583
9 years$8,008$7,316$6,679$6,093$5,555$4,591
10 years$7,134$6,449$5,822$5,252$4,733$3,816
11 years$6,420$5,741$5,126$4,571$4,071$3,200
12 years$5,825$5,153$4,549$4,009$3,528$2,703
13 years$5,321$4,657$4,064$3,539$3,076$2,295
14 years$4,890$4,233$3,652$3,142$2,697$1,959
15 years$4,517$3,867$3,297$2,802$2,374$1,678
16 years$4,191$3,548$2,989$2,509$2,098$1,442
17 years$3,904$3,267$2,720$2,254$1,861$1,242
18 years$3,648$3,019$2,483$2,032$1,654$1,073
19 years$3,420$2,798$2,273$1,836$1,475$929
20 years$3,215$2,600$2,086$1,663$1,317$805
21 years$3,030$2,422$1,919$1,509$1,179$699
22 years$2,862$2,261$1,769$1,372$1,056$608
23 years$2,708$2,114$1,633$1,249$948$529
24 years$2,568$1,981$1,510$1,140$852$460
25 years$2,439$1,859$1,399$1,041$767$401
26 years$2,320$1,747$1,297$952$691$350
27 years$2,210$1,644$1,205$871$623$306
28 years$2,108$1,549$1,120$798$562$267
29 years$2,014$1,462$1,042$732$508$233
30 years$1,926$1,380$971$672$459$204
31 years$1,843$1,305$905$617$415$178
32 years$1,766$1,235$844$567$375$156
33 years$1,694$1,169$788$521$339$136
34 years$1,626$1,108$737$480$307$119
35 years$1,563$1,051$689$442$278$104
36 years$1,502$998$644$407$252$91
37 years$1,446$948$603$375$229$80
38 years$1,392$901$565$345$207$70
39 years$1,341$856$529$318$188$61
40 years$1,293$815$496$294$170$54
41 years$1,248$776$465$271$155$47
42 years$1,204$739$436$250$140$41
43 years$1,163$704$409$231$127$36
44 years$1,124$671$384$213$116$32
45 years$1,087$640$361$197$105$28
46 years$1,051$610$339$182$95$24
47 years$1,017$582$318$168$87$21
48 years$984$556$299$155$79$19
49 years$953$531$281$143$71$16
50 years$924$507$264$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $946,000, adding $3,671 every year, while hoping to spend $44,008 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: 56/20/24 Blend
44$946,000$946,000$946,000$946,000
45$1,046,279$996,141$981,478$1,097,832
46$1,106,175$998,127$967,533$1,135,547
47$1,170,706$998,736$951,646$1,171,668
48$1,240,297$997,854$933,706$1,210,093
49$1,315,417$995,359$913,595$1,251,057
50$1,396,581$991,123$891,192$1,294,821
51$1,484,354$985,009$866,368$1,341,672
52$1,579,357$976,874$838,991$1,391,932
53$1,682,274$966,563$808,919$1,445,956
54$1,793,856$953,915$776,008$1,504,135
55$1,914,929$938,756$740,104$1,566,908
56$2,046,402$920,905$701,047$1,634,755
57$2,189,273$900,168$658,671$1,708,213
58$2,344,643$876,340$612,800$1,787,874
59$2,513,721$849,205$563,253$1,874,393
60$2,697,837$818,532$509,838$1,968,496
61$2,898,455$784,080$452,358$2,070,987
62$3,117,189$745,591$390,602$2,182,755
63$3,355,810$702,793$324,356$2,304,784
64$3,616,272$655,399$253,391$2,438,162
65$3,900,724$603,105$177,471$2,584,093
66$4,211,530$545,590$96,349$2,743,909
67$4,551,296$482,514$9,767$2,919,082
68$4,922,890$413,519$0$3,111,240
69$5,329,468$338,224$0$3,343,341
70$5,774,506$256,230$0$3,600,260
71$6,261,834$167,113$0$3,881,766
72$6,795,667$70,427$0$4,190,366
73$7,380,646$0$0$4,528,825
74$8,021,887$0$0$4,907,743
75$8,725,018$0$0$5,340,314
76$9,496,244$0$0$5,814,864
77$10,342,395$0$0$6,335,609
78$11,270,995$0$0$6,907,190
79$12,290,333$0$0$7,534,720
80$13,409,540$0$0$8,223,833
81$14,638,671$0$0$8,980,734
82$15,988,807$0$0$9,812,258
83$17,472,152$0$0$10,725,935
84$19,102,151$0$0$11,730,061
85$20,893,618$0$0$12,833,775
86$22,862,869$0$0$14,047,147
87$25,027,885$0$0$15,381,269
88$27,408,472$0$0$16,848,362
89$30,026,453$0$0$18,461,893
90$32,905,870$0$0$20,236,696
91$36,073,215$0$0$22,189,118
92$39,557,674$0$0$24,337,167
93$43,391,405$0$0$26,700,687
94$47,609,840$0$0$29,301,542
95$52,252,020$0$0$32,163,821
96$57,360,960$0$0$35,314,069
97$62,984,058$0$0$38,781,533
98$69,173,539$0$0$42,598,439
99$75,986,948$0$0$46,800,297
100$83,487,692$0$0$51,426,234