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%13.7%
1 years$78,285$77,588$76,907$76,243$75,595$74,434
2 years$38,755$38,033$37,334$36,655$35,998$34,831
3 years$25,580$24,855$24,157$23,485$22,838$21,702
4 years$18,994$18,271$17,580$16,920$16,288$15,192
5 years$15,043$14,325$13,643$12,996$12,382$11,328
6 years$12,410$11,697$11,026$10,393$9,798$8,787
7 years$10,530$9,823$9,162$8,545$7,968$7,001
8 years$9,121$8,420$7,770$7,168$6,610$5,687
9 years$8,025$7,331$6,693$6,106$5,567$4,687
10 years$7,149$6,462$5,835$5,263$4,743$3,906
11 years$6,433$5,753$5,137$4,580$4,079$3,284
12 years$5,837$5,164$4,559$4,018$3,535$2,780
13 years$5,333$4,666$4,073$3,547$3,083$2,367
14 years$4,901$4,242$3,660$3,149$2,702$2,025
15 years$4,527$3,875$3,304$2,808$2,379$1,740
16 years$4,200$3,555$2,996$2,514$2,103$1,499
17 years$3,912$3,274$2,726$2,259$1,864$1,296
18 years$3,656$3,025$2,488$2,036$1,658$1,122
19 years$3,427$2,804$2,278$1,840$1,478$974
20 years$3,222$2,606$2,091$1,666$1,320$847
21 years$3,036$2,427$1,923$1,512$1,181$738
22 years$2,868$2,265$1,772$1,375$1,059$643
23 years$2,714$2,119$1,636$1,252$950$561
24 years$2,573$1,985$1,513$1,142$854$491
25 years$2,444$1,863$1,402$1,043$769$429
26 years$2,325$1,751$1,300$954$692$375
27 years$2,215$1,648$1,207$873$624$329
28 years$2,113$1,553$1,122$800$563$288
29 years$2,018$1,465$1,044$733$509$252
30 years$1,930$1,383$973$673$460$221
31 years$1,847$1,308$907$618$415$194
32 years$1,770$1,237$846$568$376$170
33 years$1,698$1,172$790$522$340$150
34 years$1,630$1,111$738$481$308$131
35 years$1,566$1,053$690$442$279$115
36 years$1,506$1,000$646$407$253$101
37 years$1,449$950$604$375$229$89
38 years$1,395$902$566$346$208$78
39 years$1,344$858$530$319$188$69
40 years$1,296$816$497$294$171$60
41 years$1,250$777$466$272$155$53
42 years$1,207$740$437$251$141$47
43 years$1,166$705$410$231$128$41
44 years$1,126$672$385$214$116$36
45 years$1,089$641$362$197$105$32
46 years$1,053$612$340$182$95$28
47 years$1,019$584$319$168$87$24
48 years$987$557$300$156$79$22
49 years$955$532$282$144$72$19
50 years$926$508$265$133$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $948,000, adding $5,123 every year, while hoping to spend $29,947 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: 70/18/12 Blend
44$948,000$948,000$948,000$948,000
45$1,049,980$999,736$985,042$1,120,445
46$1,125,215$1,016,860$986,178$1,184,984
47$1,207,120$1,033,819$986,348$1,251,474
48$1,296,344$1,050,574$985,488$1,323,445
49$1,393,600$1,067,082$983,532$1,401,433
50$1,499,676$1,083,297$980,408$1,486,027
51$1,615,435$1,099,170$976,044$1,577,875
52$1,741,829$1,114,649$970,361$1,677,692
53$1,879,906$1,129,678$963,279$1,786,266
54$2,030,820$1,144,196$954,712$1,904,465
55$2,195,841$1,158,139$944,573$2,033,246
56$2,376,368$1,171,438$932,766$2,173,663
57$2,573,939$1,184,021$919,196$2,326,878
58$2,790,251$1,195,808$903,759$2,494,171
59$3,027,171$1,206,717$886,349$2,676,954
60$3,286,754$1,216,657$866,854$2,876,782
61$3,571,265$1,225,536$845,155$3,095,370
62$3,883,198$1,233,251$821,132$3,334,607
63$4,225,300$1,239,696$794,656$3,596,577
64$4,600,596$1,244,756$765,592$3,883,574
65$5,012,417$1,248,310$733,800$4,198,129
66$5,464,436$1,250,229$699,134$4,543,032
67$5,960,693$1,250,376$661,440$4,921,355
68$6,505,644$1,248,604$620,559$5,336,488
69$7,104,194$1,244,760$576,322$5,792,164
70$7,761,748$1,238,680$528,555$6,292,502
71$8,484,260$1,230,188$477,075$6,842,037
72$9,278,288$1,219,102$421,691$7,445,772
73$10,151,060$1,205,223$362,203$8,109,219
74$11,110,535$1,188,346$298,404$8,838,455
75$12,165,485$1,168,251$230,076$9,640,176
76$13,325,572$1,144,703$156,991$10,521,765
77$14,601,443$1,117,456$78,913$11,491,359
78$16,004,828$1,086,249$0$12,557,925
79$17,548,651$1,050,806$0$13,731,915
80$19,247,150$1,010,832$0$15,034,479
81$21,116,015$966,019$0$16,467,545
82$23,172,533$916,038$0$18,044,387
83$25,435,750$860,542$0$19,779,632
84$27,926,653$799,165$0$21,689,399
85$30,668,366$731,519$0$23,791,455
86$33,686,370$657,194$0$26,105,375
87$37,008,740$575,757$0$28,652,736
88$40,666,412$486,750$0$31,457,316
89$44,693,475$389,689$0$34,545,318
90$49,127,489$284,063$0$37,945,620
91$54,009,843$169,333$0$41,690,049
92$59,386,145$44,928$0$45,813,677
93$65,306,651$0$0$50,355,158
94$71,826,735$0$0$55,374,867
95$79,007,421$0$0$60,913,031
96$86,915,949$0$0$67,012,621
97$95,626,415$0$0$73,730,792
98$105,220,467$0$0$81,130,528
99$115,788,077$0$0$89,281,232
100$127,428,390$0$0$98,259,382