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%12.6%
1 years$78,450$77,751$77,070$76,404$75,754$74,932
2 years$38,837$38,113$37,412$36,733$36,073$35,246
3 years$25,634$24,908$24,208$23,535$22,887$22,079
4 years$19,034$18,310$17,617$16,956$16,323$15,541
5 years$15,075$14,355$13,672$13,024$12,408$11,655
6 years$12,436$11,722$11,049$10,415$9,818$9,095
7 years$10,552$9,844$9,182$8,563$7,985$7,291
8 years$9,140$8,438$7,787$7,183$6,624$5,960
9 years$8,042$7,347$6,707$6,118$5,579$4,944
10 years$7,165$6,476$5,847$5,274$4,753$4,148
11 years$6,447$5,765$5,148$4,590$4,088$3,511
12 years$5,849$5,175$4,568$4,026$3,543$2,994
13 years$5,344$4,676$4,082$3,554$3,089$2,567
14 years$4,911$4,251$3,667$3,155$2,708$2,213
15 years$4,536$3,883$3,311$2,814$2,384$1,915
16 years$4,209$3,563$3,002$2,520$2,107$1,663
17 years$3,920$3,281$2,732$2,264$1,868$1,448
18 years$3,664$3,032$2,494$2,040$1,661$1,265
19 years$3,435$2,810$2,283$1,843$1,481$1,106
20 years$3,229$2,611$2,095$1,670$1,323$970
21 years$3,043$2,432$1,927$1,515$1,184$852
22 years$2,874$2,270$1,776$1,378$1,061$749
23 years$2,720$2,123$1,640$1,255$952$659
24 years$2,579$1,989$1,517$1,144$856$581
25 years$2,449$1,867$1,405$1,045$770$512
26 years$2,330$1,755$1,303$956$694$452
27 years$2,220$1,651$1,210$875$626$399
28 years$2,117$1,556$1,125$801$564$353
29 years$2,022$1,468$1,047$735$510$312
30 years$1,934$1,386$975$674$461$276
31 years$1,851$1,311$909$619$416$245
32 years$1,774$1,240$848$569$377$217
33 years$1,701$1,174$792$523$341$192
34 years$1,633$1,113$740$482$309$170
35 years$1,569$1,056$692$443$280$151
36 years$1,509$1,002$647$408$253$134
37 years$1,452$952$606$376$230$118
38 years$1,398$904$567$347$208$105
39 years$1,347$860$531$320$189$93
40 years$1,299$818$498$295$171$83
41 years$1,253$779$467$272$155$73
42 years$1,209$742$438$251$141$65
43 years$1,168$707$411$232$128$58
44 years$1,129$674$386$214$116$51
45 years$1,091$642$362$198$105$45
46 years$1,055$613$340$183$96$40
47 years$1,021$585$320$169$87$36
48 years$989$558$300$156$79$32
49 years$957$533$282$144$72$28
50 years$928$509$265$133$65$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $950,000, adding $2,756 every year, while hoping to spend $26,645 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: 56/37/7 Blend
44$950,000$950,000$950,000$950,000
45$1,049,743$999,393$984,668$1,106,727
46$1,128,467$1,020,013$989,304$1,166,068
47$1,214,327$1,040,751$993,203$1,227,454
48$1,308,024$1,061,583$996,311$1,293,659
49$1,410,328$1,082,486$998,573$1,365,143
50$1,522,087$1,103,433$999,930$1,442,416
51$1,644,234$1,124,396$1,000,323$1,526,039
52$1,777,798$1,145,343$999,685$1,616,629
53$1,923,909$1,166,241$997,950$1,714,866
54$2,083,815$1,187,053$995,048$1,821,501
55$2,258,886$1,207,741$990,904$1,937,359
56$2,450,633$1,228,262$985,441$2,063,351
57$2,660,721$1,248,570$978,577$2,200,481
58$2,890,983$1,268,617$970,227$2,349,854
59$3,143,435$1,288,351$960,301$2,512,689
60$3,420,300$1,307,716$948,706$2,690,330
61$3,724,028$1,326,651$935,345$2,884,255
62$4,057,313$1,345,092$920,114$3,096,098
63$4,423,127$1,362,969$902,905$3,327,657
64$4,824,741$1,380,209$883,608$3,580,914
65$5,265,759$1,396,734$862,103$3,858,054
66$5,750,151$1,412,458$838,268$4,161,485
67$6,282,290$1,427,293$811,974$4,493,863
68$6,866,995$1,441,141$783,086$4,858,114
69$7,509,572$1,453,901$751,463$5,257,464
70$8,215,871$1,465,464$716,959$5,695,468
71$8,992,331$1,475,714$679,419$6,176,046
72$9,846,052$1,484,527$638,683$6,703,517
73$10,784,852$1,491,771$594,581$7,282,646
74$11,817,346$1,497,308$546,939$7,918,681
75$12,953,027$1,500,987$495,573$8,617,410
76$14,202,352$1,502,652$440,291$9,385,210
77$15,576,844$1,502,133$380,893$10,229,114
78$17,089,198$1,499,254$317,169$11,156,872
79$18,753,403$1,493,824$248,901$12,177,027
80$20,584,872$1,485,644$175,861$13,298,996
81$22,600,587$1,474,498$97,810$14,533,161
82$24,819,261$1,460,163$14,501$15,890,963
83$27,261,513$1,442,398$0$17,385,016
84$29,950,061$1,420,949$0$19,034,778
85$32,909,938$1,395,547$0$20,851,534
86$36,168,730$1,365,906$0$22,851,111
87$39,756,831$1,331,726$0$25,052,149
88$43,707,733$1,292,686$0$27,475,194
89$48,058,342$1,248,448$0$30,142,889
90$52,849,324$1,198,653$0$33,080,191
91$58,125,491$1,142,923$0$36,314,606
92$63,936,221$1,080,856$0$39,876,453
93$70,335,926$1,012,029$0$43,799,145
94$77,384,566$935,993$0$48,119,510
95$85,148,209$852,275$0$52,878,136
96$93,699,662$760,372$0$58,119,760
97$103,119,152$659,755$0$63,893,686
98$113,495,088$549,865$0$70,254,254
99$124,924,889$430,111$0$77,261,357
100$137,515,909$299,867$0$84,981,000