Can I retire at age 45 with 949,000?

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 $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%18.7%
1 years$78,368$77,669$76,988$76,324$75,675$73,019
2 years$38,796$38,073$37,373$36,694$36,036$33,388
3 years$25,607$24,881$24,183$23,510$22,862$20,306
4 years$19,014$18,290$17,599$16,938$16,306$13,860
5 years$15,059$14,340$13,657$13,010$12,395$10,067
6 years$12,423$11,710$11,037$10,404$9,808$7,598
7 years$10,541$9,834$9,172$8,554$7,977$5,885
8 years$9,131$8,429$7,779$7,176$6,617$4,643
9 years$8,034$7,339$6,700$6,112$5,573$3,713
10 years$7,157$6,469$5,841$5,269$4,748$2,999
11 years$6,440$5,759$5,142$4,585$4,084$2,442
12 years$5,843$5,169$4,564$4,022$3,539$2,001
13 years$5,338$4,671$4,077$3,551$3,086$1,648
14 years$4,906$4,246$3,663$3,152$2,705$1,362
15 years$4,532$3,879$3,308$2,811$2,382$1,130
16 years$4,204$3,559$2,999$2,517$2,105$940
17 years$3,916$3,278$2,729$2,261$1,866$783
18 years$3,660$3,029$2,491$2,038$1,660$654
19 years$3,431$2,807$2,280$1,842$1,479$547
20 years$3,225$2,608$2,093$1,668$1,321$458
21 years$3,039$2,430$1,925$1,514$1,182$384
22 years$2,871$2,268$1,774$1,376$1,060$322
23 years$2,717$2,121$1,638$1,253$951$270
24 years$2,576$1,987$1,515$1,143$855$227
25 years$2,447$1,865$1,403$1,044$769$191
26 years$2,327$1,753$1,301$955$693$160
27 years$2,217$1,650$1,209$874$625$135
28 years$2,115$1,554$1,123$801$564$113
29 years$2,020$1,466$1,045$734$509$95
30 years$1,932$1,385$974$674$460$80
31 years$1,849$1,309$908$619$416$68
32 years$1,772$1,239$847$569$376$57
33 years$1,700$1,173$791$523$340$48
34 years$1,632$1,112$739$481$308$40
35 years$1,568$1,055$691$443$279$34
36 years$1,507$1,001$646$408$253$29
37 years$1,450$951$605$376$229$24
38 years$1,397$903$566$346$208$20
39 years$1,346$859$531$319$189$17
40 years$1,297$817$497$295$171$14
41 years$1,252$778$466$272$155$12
42 years$1,208$741$438$251$141$10
43 years$1,167$706$411$232$128$9
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$4
49 years$956$533$282$144$72$3
50 years$927$509$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 $949,000, adding $5,411 every year, while hoping to spend $48,271 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: 60/25/15 Blend
44$949,000$949,000$949,000$949,000
45$1,051,379$1,001,082$986,373$1,110,180
46$1,107,260$998,776$968,056$1,148,153
47$1,167,223$994,738$947,509$1,183,683
48$1,231,633$988,833$924,603$1,221,302
49$1,300,892$980,918$899,210$1,261,219
50$1,375,439$970,840$871,190$1,303,662
51$1,455,759$958,436$840,399$1,348,887
52$1,542,382$943,535$806,689$1,397,176
53$1,635,892$925,955$769,900$1,448,845
54$1,736,929$905,503$729,868$1,504,239
55$1,846,200$881,976$686,422$1,563,746
56$1,964,477$855,158$639,382$1,627,793
57$2,092,612$824,819$588,560$1,696,855
58$2,231,541$790,718$533,759$1,771,455
59$2,382,294$752,599$474,776$1,852,176
60$2,546,003$710,191$411,396$1,939,663
61$2,723,912$663,207$343,394$2,034,629
62$2,917,392$611,345$270,539$2,137,865
63$3,127,949$554,285$192,585$2,250,245
64$3,357,243$491,687$109,279$2,372,739
65$3,607,096$423,195$20,355$2,506,416
66$3,879,519$348,430$0$2,652,464
67$4,176,720$266,994$0$2,824,126
68$4,501,133$178,464$0$3,015,173
69$4,855,435$82,395$0$3,223,998
70$5,242,574$0$0$3,452,428
71$5,665,796$0$0$3,708,441
72$6,128,674$0$0$4,013,306
73$6,635,141$0$0$4,346,954
74$7,189,531$0$0$4,712,250
75$7,796,613$0$0$5,112,347
76$8,461,640$0$0$5,550,715
77$9,190,398$0$0$6,031,180
78$9,989,258$0$0$6,557,953
79$10,865,237$0$0$7,135,671
80$11,826,063$0$0$7,769,445
81$12,880,250$0$0$8,464,900
82$14,037,174$0$0$9,228,235
83$15,307,163$0$0$10,066,277
84$16,701,594$0$0$10,986,548
85$18,232,999$0$0$11,997,332
86$19,915,185$0$0$13,107,756
87$21,763,360$0$0$14,327,874
88$23,794,279$0$0$15,668,763
89$26,026,400$0$0$17,142,625
90$28,480,058$0$0$18,762,904
91$31,177,657$0$0$20,544,411
92$34,143,878$0$0$22,503,463
93$37,405,917$0$0$24,658,040
94$40,993,733$0$0$27,027,950
95$44,940,338$0$0$29,635,016
96$49,282,101$0$0$32,503,284
97$54,059,096$0$0$35,659,250
98$59,315,477$0$0$39,132,103
99$65,099,893$0$0$42,954,009
100$71,465,948$0$0$47,160,408