Can I retire at age 45 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$78,202$77,506$76,826$76,163$75,515$73,990
2 years$38,714$37,993$37,294$36,617$35,960$34,430
3 years$25,553$24,829$24,132$23,461$22,814$21,328
4 years$18,974$18,252$17,562$16,902$16,271$14,839
5 years$15,027$14,310$13,629$12,982$12,369$10,996
6 years$12,397$11,685$11,014$10,382$9,787$8,474
7 years$10,519$9,813$9,153$8,536$7,960$6,706
8 years$9,111$8,412$7,762$7,160$6,603$5,410
9 years$8,017$7,324$6,686$6,099$5,561$4,427
10 years$7,142$6,456$5,829$5,257$4,738$3,662
11 years$6,427$5,747$5,131$4,576$4,075$3,056
12 years$5,831$5,158$4,554$4,013$3,531$2,567
13 years$5,327$4,661$4,069$3,543$3,079$2,169
14 years$4,896$4,237$3,656$3,145$2,699$1,840
15 years$4,522$3,871$3,301$2,805$2,377$1,568
16 years$4,196$3,551$2,993$2,512$2,101$1,340
17 years$3,908$3,271$2,723$2,257$1,863$1,148
18 years$3,652$3,022$2,486$2,034$1,656$986
19 years$3,424$2,801$2,276$1,838$1,476$848
20 years$3,219$2,603$2,088$1,664$1,318$731
21 years$3,033$2,424$1,921$1,510$1,180$631
22 years$2,865$2,263$1,771$1,373$1,058$545
23 years$2,711$2,117$1,635$1,251$949$471
24 years$2,571$1,983$1,512$1,141$853$408
25 years$2,442$1,861$1,400$1,042$768$353
26 years$2,323$1,749$1,299$953$692$306
27 years$2,213$1,646$1,206$872$624$265
28 years$2,111$1,551$1,121$799$563$230
29 years$2,016$1,463$1,043$733$508$200
30 years$1,928$1,382$972$672$459$174
31 years$1,845$1,306$906$617$415$151
32 years$1,768$1,236$845$567$375$131
33 years$1,696$1,171$789$522$340$114
34 years$1,628$1,109$737$480$308$99
35 years$1,564$1,052$689$442$279$86
36 years$1,504$999$645$407$252$75
37 years$1,447$949$604$375$229$65
38 years$1,394$902$565$346$207$57
39 years$1,343$857$530$319$188$49
40 years$1,295$816$496$294$171$43
41 years$1,249$776$465$271$155$37
42 years$1,206$739$437$250$140$32
43 years$1,164$705$410$231$127$28
44 years$1,125$672$385$213$116$25
45 years$1,088$640$361$197$105$21
46 years$1,052$611$339$182$95$19
47 years$1,018$583$319$168$87$16
48 years$985$557$299$155$79$14
49 years$954$531$281$144$71$12
50 years$925$508$265$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $947,000, adding $4,771 every year, while hoping to spend $50,908 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: 79/14/7 Blend
44$947,000$947,000$947,000$947,000
45$1,048,515$998,324$983,646$1,130,150
46$1,101,298$993,076$962,432$1,179,102
47$1,157,759$985,865$938,802$1,225,640
48$1,218,218$976,541$912,620$1,275,169
49$1,283,029$964,944$883,745$1,327,963
50$1,352,578$950,906$852,031$1,384,323
51$1,427,290$934,249$817,322$1,444,582
52$1,507,629$914,784$779,459$1,509,105
53$1,594,108$892,309$738,271$1,578,296
54$1,687,288$866,613$693,585$1,652,600
55$1,787,786$837,471$645,214$1,732,509
56$1,896,279$804,646$592,967$1,818,563
57$2,013,511$767,886$536,644$1,911,359
58$2,140,302$726,924$476,034$2,011,555
59$2,277,549$681,480$410,917$2,119,877
60$2,426,242$631,256$341,066$2,237,126
61$2,587,468$575,937$266,241$2,364,186
62$2,762,423$515,190$186,193$2,502,029
63$2,952,419$448,664$100,660$2,651,730
64$3,158,905$375,988$9,371$2,814,474
65$3,383,471$296,769$0$2,991,569
66$3,627,867$210,592$0$3,191,032
67$3,894,018$117,020$0$3,409,051
68$4,184,044$15,590$0$3,646,703
69$4,500,277$0$0$3,905,947
70$4,845,284$0$0$4,203,451
71$5,221,890$0$0$4,530,852
72$5,633,205$0$0$4,888,455
73$6,082,653$0$0$5,279,240
74$6,574,002$0$0$5,706,489
75$7,111,403$0$0$6,173,813
76$7,699,425$0$0$6,685,190
77$8,343,098$0$0$7,245,000
78$9,047,964$0$0$7,858,064
79$9,820,123$0$0$8,529,695
80$10,666,294$0$0$9,265,740
81$11,593,877$0$0$10,072,641
82$12,611,022$0$0$10,957,493
83$13,726,704$0$0$11,928,109
84$14,950,810$0$0$12,993,096
85$16,294,231$0$0$14,161,934
86$17,768,962$0$0$15,445,065
87$19,388,215$0$0$16,853,991
88$21,166,548$0$0$18,401,384
89$23,119,993$0$0$20,101,203
90$25,266,216$0$0$21,968,823
91$27,624,674$0$0$24,021,185
92$30,216,806$0$0$26,276,952
93$33,066,230$0$0$28,756,684
94$36,198,966$0$0$31,483,032
95$39,643,679$0$0$34,480,952
96$43,431,955$0$0$37,777,940
97$47,598,591$0$0$41,404,289
98$52,181,925$0$0$45,393,374
99$57,224,200$0$0$49,781,970
100$62,771,959$0$0$54,610,595