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%11.4%
1 years$78,368$77,669$76,988$76,324$75,675$75,229
2 years$38,796$38,073$37,373$36,694$36,036$35,586
3 years$25,607$24,881$24,183$23,510$22,862$22,423
4 years$19,014$18,290$17,599$16,938$16,306$15,880
5 years$15,059$14,340$13,657$13,010$12,395$11,984
6 years$12,423$11,710$11,037$10,404$9,808$9,412
7 years$10,541$9,834$9,172$8,554$7,977$7,596
8 years$9,131$8,429$7,779$7,176$6,617$6,252
9 years$8,034$7,339$6,700$6,112$5,573$5,222
10 years$7,157$6,469$5,841$5,269$4,748$4,413
11 years$6,440$5,759$5,142$4,585$4,084$3,763
12 years$5,843$5,169$4,564$4,022$3,539$3,233
13 years$5,338$4,671$4,077$3,551$3,086$2,794
14 years$4,906$4,246$3,663$3,152$2,705$2,427
15 years$4,532$3,879$3,308$2,811$2,382$2,118
16 years$4,204$3,559$2,999$2,517$2,105$1,854
17 years$3,916$3,278$2,729$2,261$1,866$1,628
18 years$3,660$3,029$2,491$2,038$1,660$1,434
19 years$3,431$2,807$2,280$1,842$1,479$1,265
20 years$3,225$2,608$2,093$1,668$1,321$1,119
21 years$3,039$2,430$1,925$1,514$1,182$991
22 years$2,871$2,268$1,774$1,376$1,060$879
23 years$2,717$2,121$1,638$1,253$951$781
24 years$2,576$1,987$1,515$1,143$855$695
25 years$2,447$1,865$1,403$1,044$769$619
26 years$2,327$1,753$1,301$955$693$551
27 years$2,217$1,650$1,209$874$625$492
28 years$2,115$1,554$1,123$801$564$439
29 years$2,020$1,466$1,045$734$509$392
30 years$1,932$1,385$974$674$460$350
31 years$1,849$1,309$908$619$416$313
32 years$1,772$1,239$847$569$376$280
33 years$1,700$1,173$791$523$340$250
34 years$1,632$1,112$739$481$308$224
35 years$1,568$1,055$691$443$279$201
36 years$1,507$1,001$646$408$253$180
37 years$1,450$951$605$376$229$161
38 years$1,397$903$566$346$208$144
39 years$1,346$859$531$319$189$129
40 years$1,297$817$497$295$171$116
41 years$1,252$778$466$272$155$104
42 years$1,208$741$438$251$141$93
43 years$1,167$706$411$232$128$83
44 years$1,128$673$385$214$116$75
45 years$1,090$642$362$197$105$67
46 years$1,054$612$340$182$96$60
47 years$1,020$584$319$169$87$54
48 years$988$558$300$156$79$48
49 years$956$533$282$144$72$43
50 years$927$509$265$133$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $949,000, adding $6,675 every year, while hoping to spend $41,861 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: 25/49/26 Blend
44$949,000$949,000$949,000$949,000
45$1,052,683$1,002,386$987,677$1,070,249
46$1,115,517$1,006,963$976,224$1,089,829
47$1,183,357$1,010,362$962,985$1,106,789
48$1,256,670$1,012,480$947,855$1,124,094
49$1,335,967$1,013,208$930,725$1,141,799
50$1,421,813$1,012,433$911,482$1,159,970
51$1,514,827$1,010,031$890,006$1,178,683
52$1,615,690$1,005,874$866,172$1,198,024
53$1,725,152$999,822$839,849$1,218,096
54$1,844,035$991,731$810,902$1,239,012
55$1,973,246$981,446$779,187$1,260,905
56$2,113,782$968,801$744,554$1,283,926
57$2,266,739$953,624$706,848$1,308,244
58$2,433,325$935,730$665,906$1,334,053
59$2,614,867$914,923$621,557$1,361,575
60$2,812,826$890,997$573,622$1,391,056
61$3,028,811$863,733$521,915$1,422,778
62$3,264,593$832,899$466,242$1,457,057
63$3,522,120$798,250$406,400$1,494,250
64$3,803,538$759,526$342,176$1,534,756
65$4,111,208$716,452$273,348$1,579,027
66$4,447,732$668,739$199,686$1,627,568
67$4,815,972$616,079$120,947$1,680,944
68$5,219,082$558,147$36,880$1,739,791
69$5,660,533$494,601$0$1,804,816
70$6,144,150$425,079$0$1,891,473
71$6,674,141$349,196$0$1,997,859
72$7,255,146$266,548$0$2,114,803
73$7,892,270$176,709$0$2,243,491
74$8,591,140$79,226$0$2,385,240
75$9,357,951$0$0$2,541,511
76$10,199,527$0$0$2,728,149
77$11,123,388$0$0$2,980,095
78$12,137,812$0$0$3,256,911
79$13,251,923$0$0$3,561,106
80$14,475,769$0$0$3,895,447
81$15,820,420$0$0$4,262,980
82$17,298,071$0$0$4,667,063
83$18,922,157$0$0$5,111,395
84$20,707,480$0$0$5,600,049
85$22,670,347$0$0$6,137,516
86$24,828,724$0$0$6,728,741
87$27,202,404$0$0$7,379,176
88$29,813,196$0$0$8,094,824
89$32,685,127$0$0$8,882,301
90$35,844,671$0$0$9,748,898
91$39,320,997$0$0$10,702,647
92$43,146,243$0$0$11,752,399
93$47,355,821$0$0$12,907,904
94$51,988,750$0$0$14,179,909
95$57,088,020$0$0$15,580,254
96$62,701,002$0$0$17,121,985
97$68,879,894$0$0$18,819,477
98$75,682,210$0$0$20,688,571
99$83,171,324$0$0$22,746,723
100$91,417,068$0$0$25,013,166