Can I retire at age 45 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$78,368$77,669$76,988$76,324$75,675$72,961
2 years$38,796$38,073$37,373$36,694$36,036$33,331
3 years$25,607$24,881$24,183$23,510$22,862$20,252
4 years$19,014$18,290$17,599$16,938$16,306$13,809
5 years$15,059$14,340$13,657$13,010$12,395$10,019
6 years$12,423$11,710$11,037$10,404$9,808$7,554
7 years$10,541$9,834$9,172$8,554$7,977$5,844
8 years$9,131$8,429$7,779$7,176$6,617$4,605
9 years$8,034$7,339$6,700$6,112$5,573$3,678
10 years$7,157$6,469$5,841$5,269$4,748$2,967
11 years$6,440$5,759$5,142$4,585$4,084$2,413
12 years$5,843$5,169$4,564$4,022$3,539$1,975
13 years$5,338$4,671$4,077$3,551$3,086$1,624
14 years$4,906$4,246$3,663$3,152$2,705$1,341
15 years$4,532$3,879$3,308$2,811$2,382$1,110
16 years$4,204$3,559$2,999$2,517$2,105$922
17 years$3,916$3,278$2,729$2,261$1,866$767
18 years$3,660$3,029$2,491$2,038$1,660$640
19 years$3,431$2,807$2,280$1,842$1,479$534
20 years$3,225$2,608$2,093$1,668$1,321$446
21 years$3,039$2,430$1,925$1,514$1,182$374
22 years$2,871$2,268$1,774$1,376$1,060$313
23 years$2,717$2,121$1,638$1,253$951$262
24 years$2,576$1,987$1,515$1,143$855$220
25 years$2,447$1,865$1,403$1,044$769$184
26 years$2,327$1,753$1,301$955$693$155
27 years$2,217$1,650$1,209$874$625$130
28 years$2,115$1,554$1,123$801$564$109
29 years$2,020$1,466$1,045$734$509$92
30 years$1,932$1,385$974$674$460$77
31 years$1,849$1,309$908$619$416$65
32 years$1,772$1,239$847$569$376$54
33 years$1,700$1,173$791$523$340$46
34 years$1,632$1,112$739$481$308$38
35 years$1,568$1,055$691$443$279$32
36 years$1,507$1,001$646$408$253$27
37 years$1,450$951$605$376$229$23
38 years$1,397$903$566$346$208$19
39 years$1,346$859$531$319$189$16
40 years$1,297$817$497$295$171$14
41 years$1,252$778$466$272$155$11
42 years$1,208$741$438$251$141$10
43 years$1,167$706$411$232$128$8
44 years$1,128$673$385$214$116$7
45 years$1,090$642$362$197$105$6
46 years$1,054$612$340$182$96$5
47 years$1,020$584$319$169$87$4
48 years$988$558$300$156$79$3
49 years$956$533$282$144$72$3
50 years$927$509$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 $949,000, adding $5,910 every year, while hoping to spend $57,063 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: 42/35/23 Blend
44$949,000$949,000$949,000$949,000
45$1,051,894$1,001,597$986,888$1,088,771
46$1,098,473$989,961$959,234$1,104,006
47$1,147,890$975,842$928,741$1,114,576
48$1,200,375$959,058$895,254$1,124,879
49$1,256,178$939,417$858,610$1,134,923
50$1,315,575$916,715$818,640$1,144,720
51$1,378,865$890,735$775,166$1,154,287
52$1,446,377$861,249$728,001$1,163,649
53$1,518,471$828,014$676,954$1,172,837
54$1,595,543$790,775$621,820$1,181,891
55$1,678,025$749,260$562,387$1,190,864
56$1,766,393$703,182$498,436$1,199,816
57$1,861,165$652,239$429,734$1,208,822
58$1,962,915$596,109$356,041$1,217,973
59$2,072,268$534,454$277,104$1,227,373
60$2,189,912$466,916$192,660$1,237,148
61$2,316,605$393,116$102,436$1,247,444
62$2,453,174$312,654$6,143$1,258,429
63$2,600,532$225,109$0$1,270,300
64$2,759,681$130,033$0$1,306,993
65$2,931,720$26,957$0$1,348,207
66$3,117,860$0$0$1,392,809
67$3,319,429$0$0$1,473,811
68$3,537,891$0$0$1,572,954
69$3,774,852$0$0$1,680,596
70$4,032,080$0$0$1,797,555
71$4,311,519$0$0$1,924,728
72$4,615,308$0$0$2,063,103
73$4,945,800$0$0$2,213,767
74$5,305,584$0$0$2,377,916
75$5,697,508$0$0$2,556,866
76$6,124,708$0$0$2,752,066
77$6,590,632$0$0$2,965,109
78$7,099,078$0$0$3,197,752
79$7,654,227$0$0$3,451,925
80$8,260,678$0$0$3,729,756
81$8,923,498$0$0$4,033,587
82$9,648,262$0$0$4,365,995
83$10,441,112$0$0$4,729,820
84$11,308,806$0$0$5,128,187
85$12,258,791$0$0$5,564,540
86$13,299,264$0$0$6,042,668
87$14,439,252$0$0$6,566,749
88$15,688,698$0$0$7,141,378
89$17,058,552$0$0$7,771,622
90$18,560,873$0$0$8,463,058
91$20,208,946$0$0$9,221,831
92$22,017,400$0$0$10,054,708
93$24,002,351$0$0$10,969,144
94$26,181,551$0$0$11,973,352
95$28,574,555$0$0$13,076,377
96$31,202,903$0$0$14,288,186
97$34,090,326$0$0$15,619,758
98$37,262,965$0$0$17,083,186
99$40,749,619$0$0$18,691,795
100$44,582,016$0$0$20,460,266