Can I retire at age 45 with 948,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $948,000?

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$78,285$77,588$76,907$76,243$75,595$72,567
2 years$38,755$38,033$37,334$36,655$35,998$32,985
3 years$25,580$24,855$24,157$23,485$22,838$19,936
4 years$18,994$18,271$17,580$16,920$16,288$13,518
5 years$15,043$14,325$13,643$12,996$12,382$9,752
6 years$12,410$11,697$11,026$10,393$9,798$7,308
7 years$10,530$9,823$9,162$8,545$7,968$5,618
8 years$9,121$8,420$7,770$7,168$6,610$4,398
9 years$8,025$7,331$6,693$6,106$5,567$3,489
10 years$7,149$6,462$5,835$5,263$4,743$2,795
11 years$6,433$5,753$5,137$4,580$4,079$2,257
12 years$5,837$5,164$4,559$4,018$3,535$1,833
13 years$5,333$4,666$4,073$3,547$3,083$1,496
14 years$4,901$4,242$3,660$3,149$2,702$1,226
15 years$4,527$3,875$3,304$2,808$2,379$1,007
16 years$4,200$3,555$2,996$2,514$2,103$830
17 years$3,912$3,274$2,726$2,259$1,864$685
18 years$3,656$3,025$2,488$2,036$1,658$566
19 years$3,427$2,804$2,278$1,840$1,478$469
20 years$3,222$2,606$2,091$1,666$1,320$389
21 years$3,036$2,427$1,923$1,512$1,181$322
22 years$2,868$2,265$1,772$1,375$1,059$268
23 years$2,714$2,119$1,636$1,252$950$222
24 years$2,573$1,985$1,513$1,142$854$185
25 years$2,444$1,863$1,402$1,043$769$154
26 years$2,325$1,751$1,300$954$692$128
27 years$2,215$1,648$1,207$873$624$106
28 years$2,113$1,553$1,122$800$563$89
29 years$2,018$1,465$1,044$733$509$74
30 years$1,930$1,383$973$673$460$61
31 years$1,847$1,308$907$618$415$51
32 years$1,770$1,237$846$568$376$43
33 years$1,698$1,172$790$522$340$35
34 years$1,630$1,111$738$481$308$30
35 years$1,566$1,053$690$442$279$25
36 years$1,506$1,000$646$407$253$21
37 years$1,449$950$604$375$229$17
38 years$1,395$902$566$346$208$14
39 years$1,344$858$530$319$188$12
40 years$1,296$816$497$294$171$10
41 years$1,250$777$466$272$155$8
42 years$1,207$740$437$251$141$7
43 years$1,166$705$410$231$128$6
44 years$1,126$672$385$214$116$5
45 years$1,089$641$362$197$105$4
46 years$1,053$612$340$182$95$3
47 years$1,019$584$319$168$87$3
48 years$987$557$300$156$79$2
49 years$955$532$282$144$72$2
50 years$926$508$265$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $948,000, adding $5,009 every year, while hoping to spend $32,782 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: 49/22/29 Blend
44$948,000$948,000$948,000$948,000
45$1,049,863$999,619$984,925$1,092,430
46$1,122,069$1,013,720$983,040$1,136,931
47$1,200,542$1,027,414$979,993$1,181,629
48$1,285,885$1,040,646$975,711$1,229,563
49$1,378,764$1,053,356$970,117$1,281,055
50$1,479,912$1,065,484$963,129$1,336,462
51$1,590,132$1,076,962$954,663$1,396,178
52$1,710,312$1,087,720$944,631$1,460,639
53$1,841,427$1,097,681$932,939$1,530,327
54$1,984,550$1,106,765$919,490$1,605,772
55$2,140,864$1,114,887$904,183$1,687,564
56$2,311,670$1,121,954$886,911$1,776,352
57$2,498,399$1,127,868$867,561$1,872,854
58$2,702,630$1,132,528$846,018$1,977,861
59$2,926,097$1,135,821$822,159$2,092,251
60$3,170,715$1,137,632$795,857$2,216,990
61$3,438,587$1,137,835$766,977$2,353,146
62$3,732,032$1,136,298$735,381$2,501,900
63$4,053,604$1,132,882$700,921$2,664,553
64$4,406,115$1,127,437$663,445$2,842,544
65$4,792,663$1,119,804$622,794$3,037,462
66$5,216,657$1,109,817$578,801$3,251,060
67$5,681,856$1,097,298$531,290$3,485,273
68$6,192,397$1,082,058$480,081$3,742,239
69$6,752,840$1,063,898$424,982$4,024,315
70$7,368,207$1,042,605$365,795$4,334,105
71$8,044,027$1,017,956$302,313$4,674,483
72$8,786,396$989,714$234,318$5,048,619
73$9,602,025$957,627$161,585$5,460,011
74$10,498,311$921,430$83,877$5,912,522
75$11,483,399$880,840$947$6,410,412
76$12,566,265$835,561$0$6,958,382
77$13,756,797$785,277$0$7,588,709
78$15,065,891$729,656$0$8,282,098
79$16,505,548$668,345$0$9,044,655
80$18,088,992$600,972$0$9,883,434
81$19,830,794$527,144$0$10,806,211
82$21,747,006$446,446$0$11,821,558
83$23,855,316$358,437$0$12,938,924
84$26,175,213$262,655$0$14,168,724
85$28,728,169$158,609$0$15,522,438
86$31,537,843$45,782$0$17,012,724
87$34,630,305$0$0$18,653,530
88$38,034,280$0$0$20,478,723
89$41,781,419$0$0$22,500,243
90$45,906,596$0$0$24,725,838
91$50,448,240$0$0$27,176,257
92$55,448,697$0$0$29,874,363
93$60,954,624$0$0$32,845,348
94$67,017,435$0$0$36,116,974
95$73,693,785$0$0$39,719,830
96$81,046,101$0$0$43,687,623
97$89,143,172$0$0$48,057,497
98$98,060,802$0$0$52,870,380
99$107,882,517$0$0$58,171,375
100$118,700,363$0$0$64,010,180