Can I retire at age 45 with 948,000?

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 $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%18%
1 years$78,285$77,588$76,907$76,243$75,595$73,146
2 years$38,755$38,033$37,334$36,655$35,998$33,553
3 years$25,580$24,855$24,157$23,485$22,838$20,475
4 years$18,994$18,271$17,580$16,920$16,288$14,025
5 years$15,043$14,325$13,643$12,996$12,382$10,224
6 years$12,410$11,697$11,026$10,393$9,798$7,747
7 years$10,530$9,823$9,162$8,545$7,968$6,024
8 years$9,121$8,420$7,770$7,168$6,610$4,772
9 years$8,025$7,331$6,693$6,106$5,567$3,832
10 years$7,149$6,462$5,835$5,263$4,743$3,110
11 years$6,433$5,753$5,137$4,580$4,079$2,544
12 years$5,837$5,164$4,559$4,018$3,535$2,094
13 years$5,333$4,666$4,073$3,547$3,083$1,733
14 years$4,901$4,242$3,660$3,149$2,702$1,439
15 years$4,527$3,875$3,304$2,808$2,379$1,200
16 years$4,200$3,555$2,996$2,514$2,103$1,003
17 years$3,912$3,274$2,726$2,259$1,864$840
18 years$3,656$3,025$2,488$2,036$1,658$705
19 years$3,427$2,804$2,278$1,840$1,478$593
20 years$3,222$2,606$2,091$1,666$1,320$499
21 years$3,036$2,427$1,923$1,512$1,181$420
22 years$2,868$2,265$1,772$1,375$1,059$354
23 years$2,714$2,119$1,636$1,252$950$299
24 years$2,573$1,985$1,513$1,142$854$253
25 years$2,444$1,863$1,402$1,043$769$213
26 years$2,325$1,751$1,300$954$692$180
27 years$2,215$1,648$1,207$873$624$153
28 years$2,113$1,553$1,122$800$563$129
29 years$2,018$1,465$1,044$733$509$109
30 years$1,930$1,383$973$673$460$92
31 years$1,847$1,308$907$618$415$78
32 years$1,770$1,237$846$568$376$66
33 years$1,698$1,172$790$522$340$56
34 years$1,630$1,111$738$481$308$48
35 years$1,566$1,053$690$442$279$40
36 years$1,506$1,000$646$407$253$34
37 years$1,449$950$604$375$229$29
38 years$1,395$902$566$346$208$24
39 years$1,344$858$530$319$188$21
40 years$1,296$816$497$294$171$18
41 years$1,250$777$466$272$155$15
42 years$1,207$740$437$251$141$13
43 years$1,166$705$410$231$128$11
44 years$1,126$672$385$214$116$9
45 years$1,089$641$362$197$105$8
46 years$1,053$612$340$182$95$7
47 years$1,019$584$319$168$87$6
48 years$987$557$300$156$79$5
49 years$955$532$282$144$72$4
50 years$926$508$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $948,000, adding $2,434 every year, while hoping to spend $59,325 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: 24/50/26 Blend
44$948,000$948,000$948,000$948,000
45$1,047,207$996,963$982,269$1,063,673
46$1,090,900$982,693$952,053$1,063,411
47$1,137,063$965,735$918,837$1,057,915
48$1,185,882$945,895$882,458$1,050,764
49$1,237,566$922,968$842,744$1,041,858
50$1,292,340$896,735$799,518$1,031,096
51$1,350,449$866,966$752,592$1,018,371
52$1,412,164$833,416$701,773$1,003,575
53$1,477,778$795,827$646,856$986,595
54$1,547,615$753,926$587,629$967,316
55$1,622,027$707,424$523,870$945,620
56$1,701,400$656,014$455,346$921,387
57$1,786,158$599,374$381,816$894,495
58$1,876,765$537,162$303,025$864,818
59$1,973,729$469,017$218,710$832,231
60$2,077,608$394,557$128,595$796,607
61$2,189,012$313,379$32,392$757,820
62$2,308,614$225,057$0$715,742
63$2,437,150$129,142$0$689,745
64$2,575,427$25,158$0$671,066
65$2,724,334$0$0$650,681
66$2,884,845$0$0$676,655
67$3,058,031$0$0$719,740
68$3,245,068$0$0$766,403
69$3,447,249$0$0$816,982
70$3,665,996$0$0$871,852
71$3,902,868$0$0$931,421
72$4,159,585$0$0$996,142
73$4,438,033$0$0$1,066,510
74$4,740,289$0$0$1,143,072
75$5,068,637$0$0$1,226,429
76$5,425,589$0$0$1,317,240
77$5,813,908$0$0$1,416,235
78$6,236,636$0$0$1,524,213
79$6,697,118$0$0$1,642,056
80$7,199,035$0$0$1,770,733
81$7,746,441$0$0$1,911,313
82$8,343,795$0$0$2,064,971
83$8,996,007$0$0$2,233,002
84$9,708,480$0$0$2,416,829
85$10,487,164$0$0$2,618,023
86$11,338,609$0$0$2,838,311
87$12,270,027$0$0$3,079,596
88$13,289,358$0$0$3,343,973
89$14,405,347$0$0$3,633,750
90$15,627,621$0$0$3,951,467
91$16,966,784$0$0$4,299,925
92$18,434,514$0$0$4,682,205
93$20,043,671$0$0$5,101,704
94$21,808,421$0$0$5,562,163
95$23,744,365$0$0$6,067,701
96$25,868,687$0$0$6,622,857
97$28,200,315$0$0$7,232,631
98$30,760,100$0$0$7,902,530
99$33,571,008$0$0$8,638,623
100$36,658,340$0$0$9,447,593