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%11.1%
1 years$78,285$77,588$76,907$76,243$75,595$75,245
2 years$38,755$38,033$37,334$36,655$35,998$35,644
3 years$25,580$24,855$24,157$23,485$22,838$22,493
4 years$18,994$18,271$17,580$16,920$16,288$15,953
5 years$15,043$14,325$13,643$12,996$12,382$12,058
6 years$12,410$11,697$11,026$10,393$9,798$9,485
7 years$10,530$9,823$9,162$8,545$7,968$7,668
8 years$9,121$8,420$7,770$7,168$6,610$6,322
9 years$8,025$7,331$6,693$6,106$5,567$5,290
10 years$7,149$6,462$5,835$5,263$4,743$4,478
11 years$6,433$5,753$5,137$4,580$4,079$3,826
12 years$5,837$5,164$4,559$4,018$3,535$3,293
13 years$5,333$4,666$4,073$3,547$3,083$2,852
14 years$4,901$4,242$3,660$3,149$2,702$2,482
15 years$4,527$3,875$3,304$2,808$2,379$2,170
16 years$4,200$3,555$2,996$2,514$2,103$1,903
17 years$3,912$3,274$2,726$2,259$1,864$1,675
18 years$3,656$3,025$2,488$2,036$1,658$1,478
19 years$3,427$2,804$2,278$1,840$1,478$1,307
20 years$3,222$2,606$2,091$1,666$1,320$1,159
21 years$3,036$2,427$1,923$1,512$1,181$1,029
22 years$2,868$2,265$1,772$1,375$1,059$915
23 years$2,714$2,119$1,636$1,252$950$814
24 years$2,573$1,985$1,513$1,142$854$726
25 years$2,444$1,863$1,402$1,043$769$648
26 years$2,325$1,751$1,300$954$692$579
27 years$2,215$1,648$1,207$873$624$517
28 years$2,113$1,553$1,122$800$563$463
29 years$2,018$1,465$1,044$733$509$414
30 years$1,930$1,383$973$673$460$371
31 years$1,847$1,308$907$618$415$332
32 years$1,770$1,237$846$568$376$298
33 years$1,698$1,172$790$522$340$267
34 years$1,630$1,111$738$481$308$240
35 years$1,566$1,053$690$442$279$215
36 years$1,506$1,000$646$407$253$193
37 years$1,449$950$604$375$229$174
38 years$1,395$902$566$346$208$156
39 years$1,344$858$530$319$188$140
40 years$1,296$816$497$294$171$126
41 years$1,250$777$466$272$155$113
42 years$1,207$740$437$251$141$102
43 years$1,166$705$410$231$128$91
44 years$1,126$672$385$214$116$82
45 years$1,089$641$362$197$105$74
46 years$1,053$612$340$182$95$66
47 years$1,019$584$319$168$87$60
48 years$987$557$300$156$79$54
49 years$955$532$282$144$72$48
50 years$926$508$265$133$65$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $948,000, adding $5,070 every year, while hoping to spend $30,505 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: 31/50/19 Blend
44$948,000$948,000$948,000$948,000
45$1,049,926$999,682$984,988$1,076,099
46$1,124,561$1,016,209$985,528$1,112,725
47$1,205,787$1,032,524$985,063$1,149,004
48$1,294,243$1,048,583$983,529$1,187,410
49$1,390,634$1,064,342$980,855$1,228,147
50$1,495,734$1,079,751$976,970$1,271,441
51$1,610,398$1,094,757$971,797$1,317,539
52$1,735,563$1,109,305$965,257$1,366,719
53$1,872,264$1,123,334$957,266$1,419,285
54$2,021,638$1,136,780$947,737$1,475,575
55$2,184,937$1,149,575$936,579$1,535,963
56$2,363,542$1,161,645$923,696$1,600,863
57$2,558,970$1,172,913$908,986$1,670,734
58$2,772,894$1,183,294$892,346$1,746,082
59$3,007,154$1,192,701$873,665$1,827,468
60$3,263,779$1,201,039$852,828$1,915,513
61$3,545,001$1,208,206$829,715$2,010,904
62$3,853,281$1,214,097$804,199$2,114,399
63$4,191,325$1,218,598$776,149$2,226,840
64$4,562,117$1,221,587$745,428$2,349,153
65$4,968,944$1,222,935$711,890$2,482,366
66$5,415,424$1,222,507$675,386$2,627,615
67$5,905,544$1,220,156$635,758$2,786,154
68$6,443,695$1,215,729$592,842$2,959,371
69$7,034,715$1,209,063$546,465$3,148,798
70$7,683,932$1,199,983$496,448$3,356,130
71$8,397,217$1,188,306$442,603$3,583,239
72$9,181,037$1,173,838$384,734$3,832,195
73$10,042,517$1,156,370$322,637$4,105,281
74$10,989,506$1,135,684$256,098$4,405,023
75$12,030,652$1,111,548$184,893$4,734,210
76$13,175,481$1,083,717$108,789$5,095,922
77$14,434,490$1,051,929$27,544$5,493,560
78$15,819,244$1,015,910$0$5,930,882
79$17,342,485$975,367$0$6,424,028
80$19,018,251$929,993$0$6,972,323
81$20,862,011$879,461$0$7,575,291
82$22,890,807$823,425$0$8,238,572
83$25,123,417$761,521$0$8,968,390
84$27,580,533$693,363$0$9,771,610
85$30,284,952$618,542$0$10,655,805
86$33,261,795$536,629$0$11,629,332
87$36,538,741$447,166$0$12,701,406
88$40,146,289$349,674$0$13,882,193
89$44,118,045$243,643$0$15,182,908
90$48,491,042$128,537$0$16,615,919
91$53,306,081$3,789$0$18,194,866
92$58,608,127$0$0$19,934,797
93$64,446,724$0$0$21,924,490
94$70,876,465$0$0$24,118,127
95$77,957,510$0$0$26,534,171
96$85,756,148$0$0$29,195,265
97$94,345,427$0$0$32,126,360
98$103,805,839$0$0$35,354,953
99$114,226,086$0$0$38,911,341
100$125,703,906$0$0$42,828,911