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%17.5%
1 years$78,202$77,506$76,826$76,163$75,515$73,215
2 years$38,714$37,993$37,294$36,617$35,960$33,662
3 years$25,553$24,829$24,132$23,461$22,814$20,591
4 years$18,974$18,252$17,562$16,902$16,271$14,140
5 years$15,027$14,310$13,629$12,982$12,369$10,335
6 years$12,397$11,685$11,014$10,382$9,787$7,853
7 years$10,519$9,813$9,153$8,536$7,960$6,124
8 years$9,111$8,412$7,762$7,160$6,603$4,866
9 years$8,017$7,324$6,686$6,099$5,561$3,919
10 years$7,142$6,456$5,829$5,257$4,738$3,190
11 years$6,427$5,747$5,131$4,576$4,075$2,618
12 years$5,831$5,158$4,554$4,013$3,531$2,162
13 years$5,327$4,661$4,069$3,543$3,079$1,795
14 years$4,896$4,237$3,656$3,145$2,699$1,497
15 years$4,522$3,871$3,301$2,805$2,377$1,252
16 years$4,196$3,551$2,993$2,512$2,101$1,050
17 years$3,908$3,271$2,723$2,257$1,863$883
18 years$3,652$3,022$2,486$2,034$1,656$744
19 years$3,424$2,801$2,276$1,838$1,476$628
20 years$3,219$2,603$2,088$1,664$1,318$530
21 years$3,033$2,424$1,921$1,510$1,180$449
22 years$2,865$2,263$1,771$1,373$1,058$380
23 years$2,711$2,117$1,635$1,251$949$322
24 years$2,571$1,983$1,512$1,141$853$273
25 years$2,442$1,861$1,400$1,042$768$231
26 years$2,323$1,749$1,299$953$692$196
27 years$2,213$1,646$1,206$872$624$167
28 years$2,111$1,551$1,121$799$563$142
29 years$2,016$1,463$1,043$733$508$120
30 years$1,928$1,382$972$672$459$102
31 years$1,845$1,306$906$617$415$87
32 years$1,768$1,236$845$567$375$74
33 years$1,696$1,171$789$522$340$63
34 years$1,628$1,109$737$480$308$53
35 years$1,564$1,052$689$442$279$45
36 years$1,504$999$645$407$252$39
37 years$1,447$949$604$375$229$33
38 years$1,394$902$565$346$207$28
39 years$1,343$857$530$319$188$24
40 years$1,295$816$496$294$171$20
41 years$1,249$776$465$271$155$17
42 years$1,206$739$437$250$140$15
43 years$1,164$705$410$231$127$12
44 years$1,125$672$385$213$116$11
45 years$1,088$640$361$197$105$9
46 years$1,052$611$339$182$95$8
47 years$1,018$583$319$168$87$7
48 years$985$557$299$155$79$6
49 years$954$531$281$144$71$5
50 years$925$508$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $947,000, adding $3,255 every year, while hoping to spend $43,245 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: 77/18/5 Blend
44$947,000$947,000$947,000$947,000
45$1,046,952$996,761$982,082$1,127,039
46$1,107,728$999,589$968,969$1,182,862
47$1,173,255$1,001,108$953,968$1,238,105
48$1,243,970$1,001,205$936,969$1,297,383
49$1,320,356$999,765$917,859$1,361,077
50$1,402,943$996,664$896,518$1,429,608
51$1,492,312$991,770$872,820$1,503,440
52$1,589,105$984,944$846,637$1,583,081
53$1,694,025$976,037$817,830$1,669,095
54$1,807,846$964,894$786,258$1,762,101
55$1,931,419$951,346$751,771$1,862,783
56$2,065,681$935,219$714,212$1,971,894
57$2,211,661$916,325$673,418$2,090,264
58$2,370,492$894,467$629,220$2,218,809
59$2,543,421$869,435$581,437$2,358,538
60$2,731,820$841,007$529,885$2,510,563
61$2,937,197$808,948$474,368$2,676,111
62$3,161,216$773,011$414,684$2,856,536
63$3,405,704$732,932$350,620$3,053,327
64$3,672,673$688,434$281,954$3,268,130
65$3,964,341$639,222$208,454$3,502,757
66$4,283,146$584,986$129,880$3,759,207
67$4,631,774$525,398$45,978$4,039,685
68$5,013,183$460,110$0$4,346,621
69$5,430,627$388,755$0$4,685,017
70$5,887,693$310,946$0$5,058,274
71$6,388,329$226,273$0$5,467,210
72$6,936,882$134,304$0$5,915,431
73$7,538,141$34,582$0$6,406,916
74$8,197,381$0$0$6,946,047
75$8,920,408$0$0$7,552,192
76$9,713,622$0$0$8,224,726
77$10,584,069$0$0$8,962,778
78$11,539,510$0$0$9,772,934
79$12,588,496$0$0$10,662,449
80$13,740,445$0$0$11,639,313
81$15,005,733$0$0$12,712,330
82$16,395,788$0$0$13,891,198
83$17,923,203$0$0$15,186,600
84$19,601,848$0$0$16,610,305
85$21,447,004$0$0$18,175,281
86$23,475,508$0$0$19,895,812
87$25,705,908$0$0$21,787,637
88$28,158,640$0$0$23,868,095
89$30,856,219$0$0$26,156,290
90$33,823,450$0$0$28,673,272
91$37,087,666$0$0$31,442,230
92$40,678,980$0$0$34,488,718
93$44,630,571$0$0$37,840,887
94$48,978,999$0$0$41,529,758
95$53,764,544$0$0$45,589,512
96$59,031,589$0$0$50,057,807
97$64,829,039$0$0$54,976,140
98$71,210,781$0$0$60,390,236
99$78,236,189$0$0$66,350,474
100$85,970,689$0$0$72,912,371