Can I retire at age 45 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$78,450$77,751$77,070$76,404$75,754$73,863
2 years$38,837$38,113$37,412$36,733$36,073$34,180
3 years$25,634$24,908$24,208$23,535$22,887$21,050
4 years$19,034$18,310$17,617$16,956$16,323$14,558
5 years$15,075$14,355$13,672$13,024$12,408$10,719
6 years$12,436$11,722$11,049$10,415$9,818$8,207
7 years$10,552$9,844$9,182$8,563$7,985$6,451
8 years$9,140$8,438$7,787$7,183$6,624$5,168
9 years$8,042$7,347$6,707$6,118$5,579$4,198
10 years$7,165$6,476$5,847$5,274$4,753$3,447
11 years$6,447$5,765$5,148$4,590$4,088$2,855
12 years$5,849$5,175$4,568$4,026$3,543$2,379
13 years$5,344$4,676$4,082$3,554$3,089$1,994
14 years$4,911$4,251$3,667$3,155$2,708$1,679
15 years$4,536$3,883$3,311$2,814$2,384$1,418
16 years$4,209$3,563$3,002$2,520$2,107$1,202
17 years$3,920$3,281$2,732$2,264$1,868$1,021
18 years$3,664$3,032$2,494$2,040$1,661$869
19 years$3,435$2,810$2,283$1,843$1,481$741
20 years$3,229$2,611$2,095$1,670$1,323$633
21 years$3,043$2,432$1,927$1,515$1,184$541
22 years$2,874$2,270$1,776$1,378$1,061$463
23 years$2,720$2,123$1,640$1,255$952$397
24 years$2,579$1,989$1,517$1,144$856$340
25 years$2,449$1,867$1,405$1,045$770$292
26 years$2,330$1,755$1,303$956$694$250
27 years$2,220$1,651$1,210$875$626$215
28 years$2,117$1,556$1,125$801$564$185
29 years$2,022$1,468$1,047$735$510$159
30 years$1,934$1,386$975$674$461$137
31 years$1,851$1,311$909$619$416$117
32 years$1,774$1,240$848$569$377$101
33 years$1,701$1,174$792$523$341$87
34 years$1,633$1,113$740$482$309$75
35 years$1,569$1,056$692$443$280$64
36 years$1,509$1,002$647$408$253$55
37 years$1,452$952$606$376$230$48
38 years$1,398$904$567$347$208$41
39 years$1,347$860$531$320$189$35
40 years$1,299$818$498$295$171$30
41 years$1,253$779$467$272$155$26
42 years$1,209$742$438$251$141$23
43 years$1,168$707$411$232$128$19
44 years$1,129$674$386$214$116$17
45 years$1,091$642$362$198$105$14
46 years$1,055$613$340$183$96$12
47 years$1,021$585$320$169$87$11
48 years$989$558$300$156$79$9
49 years$957$533$282$144$72$8
50 years$928$509$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $950,000, adding $4,940 every year, while hoping to spend $48,232 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: 63/26/11 Blend
44$950,000$950,000$950,000$950,000
45$1,051,996$1,001,646$986,921$1,115,334
46$1,107,981$999,408$968,664$1,156,068
47$1,168,060$995,444$948,179$1,194,499
48$1,232,599$989,618$925,341$1,235,256
49$1,302,002$981,787$900,017$1,278,563
50$1,376,710$971,798$872,071$1,324,672
51$1,457,207$959,489$841,359$1,373,857
52$1,544,028$944,690$807,730$1,426,426
53$1,637,758$927,218$771,028$1,482,718
54$1,739,039$906,882$731,087$1,543,108
55$1,848,579$883,478$687,737$1,608,013
56$1,967,156$856,789$640,797$1,677,893
57$2,095,622$826,589$590,081$1,753,258
58$2,234,919$792,635$535,392$1,834,672
59$2,386,079$754,672$476,525$1,922,759
60$2,550,237$712,429$413,267$2,018,210
61$2,728,644$665,621$345,395$2,121,790
62$2,922,675$613,946$272,674$2,234,344
63$3,133,842$557,083$194,863$2,356,808
64$3,363,808$494,695$111,706$2,490,216
65$3,614,407$426,425$22,938$2,635,713
66$3,887,652$351,895$0$2,794,563
67$4,185,763$270,708$0$2,976,592
68$4,511,180$182,442$0$3,178,340
69$4,866,591$86,653$0$3,398,857
70$5,254,956$0$0$3,640,069
71$5,679,531$0$0$3,909,002
72$6,143,902$0$0$4,230,324
73$6,652,019$0$0$4,581,982
74$7,208,229$0$0$4,966,994
75$7,817,320$0$0$5,388,684
76$8,484,565$0$0$5,850,710
77$9,215,769$0$0$6,357,103
78$10,017,329$0$0$6,912,301
79$10,896,287$0$0$7,521,193
80$11,860,399$0$0$8,189,163
81$12,918,212$0$0$8,922,141
82$14,079,134$0$0$9,726,659
83$15,353,534$0$0$10,609,915
84$16,752,829$0$0$11,579,832
85$18,289,600$0$0$12,645,145
86$19,977,702$0$0$13,815,470
87$21,832,402$0$0$15,101,405
88$23,870,516$0$0$16,514,624
89$26,110,571$0$0$18,067,986
90$28,572,977$0$0$19,775,660
91$31,280,221$0$0$21,653,257
92$34,257,077$0$0$23,717,973
93$37,530,839$0$0$25,988,758
94$41,131,582$0$0$28,486,486
95$45,092,437$0$0$31,234,159
96$49,449,910$0$0$34,257,119
97$54,244,223$0$0$37,583,289
98$59,519,695$0$0$41,243,434
99$65,325,156$0$0$45,271,454
100$71,714,410$0$0$49,704,700