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%19.1%
1 years$78,450$77,751$77,070$76,404$75,754$72,979
2 years$38,837$38,113$37,412$36,733$36,073$33,309
3 years$25,634$24,908$24,208$23,535$22,887$20,219
4 years$19,034$18,310$17,617$16,956$16,323$13,773
5 years$15,075$14,355$13,672$13,024$12,408$9,982
6 years$12,436$11,722$11,049$10,415$9,818$7,518
7 years$10,552$9,844$9,182$8,563$7,985$5,810
8 years$9,140$8,438$7,787$7,183$6,624$4,572
9 years$8,042$7,347$6,707$6,118$5,579$3,647
10 years$7,165$6,476$5,847$5,274$4,753$2,939
11 years$6,447$5,765$5,148$4,590$4,088$2,387
12 years$5,849$5,175$4,568$4,026$3,543$1,951
13 years$5,344$4,676$4,082$3,554$3,089$1,602
14 years$4,911$4,251$3,667$3,155$2,708$1,321
15 years$4,536$3,883$3,311$2,814$2,384$1,092
16 years$4,209$3,563$3,002$2,520$2,107$906
17 years$3,920$3,281$2,732$2,264$1,868$753
18 years$3,664$3,032$2,494$2,040$1,661$626
19 years$3,435$2,810$2,283$1,843$1,481$522
20 years$3,229$2,611$2,095$1,670$1,323$436
21 years$3,043$2,432$1,927$1,515$1,184$364
22 years$2,874$2,270$1,776$1,378$1,061$304
23 years$2,720$2,123$1,640$1,255$952$255
24 years$2,579$1,989$1,517$1,144$856$213
25 years$2,449$1,867$1,405$1,045$770$179
26 years$2,330$1,755$1,303$956$694$150
27 years$2,220$1,651$1,210$875$626$125
28 years$2,117$1,556$1,125$801$564$105
29 years$2,022$1,468$1,047$735$510$88
30 years$1,934$1,386$975$674$461$74
31 years$1,851$1,311$909$619$416$62
32 years$1,774$1,240$848$569$377$52
33 years$1,701$1,174$792$523$341$44
34 years$1,633$1,113$740$482$309$37
35 years$1,569$1,056$692$443$280$31
36 years$1,509$1,002$647$408$253$26
37 years$1,452$952$606$376$230$22
38 years$1,398$904$567$347$208$18
39 years$1,347$860$531$320$189$15
40 years$1,299$818$498$295$171$13
41 years$1,253$779$467$272$155$11
42 years$1,209$742$438$251$141$9
43 years$1,168$707$411$232$128$8
44 years$1,129$674$386$214$116$6
45 years$1,091$642$362$198$105$5
46 years$1,055$613$340$183$96$4
47 years$1,021$585$320$169$87$4
48 years$989$558$300$156$79$3
49 years$957$533$282$144$72$3
50 years$928$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 $950,000, adding $5,532 every year, while hoping to spend $57,664 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: 38/37/25 Blend
44$950,000$950,000$950,000$950,000
45$1,052,606$1,002,256$987,531$1,084,576
46$1,098,618$990,013$959,260$1,096,164
47$1,147,390$975,237$928,108$1,102,930
48$1,199,144$957,743$893,919$1,109,109
49$1,254,120$937,336$856,529$1,114,684
50$1,312,583$913,808$815,765$1,119,640
51$1,374,821$886,939$771,448$1,123,966
52$1,441,150$856,496$723,389$1,127,657
53$1,511,917$822,234$671,392$1,130,710
54$1,587,501$783,892$615,252$1,133,131
55$1,668,317$741,194$554,755$1,134,933
56$1,754,822$693,849$489,675$1,136,133
57$1,847,515$641,549$419,781$1,136,763
58$1,946,945$583,968$344,826$1,136,862
59$2,053,712$520,761$264,557$1,136,483
60$2,168,477$451,565$178,706$1,135,692
61$2,291,964$375,994$86,995$1,134,571
62$2,424,970$293,644$0$1,133,222
63$2,568,368$204,083$0$1,134,667
64$2,723,118$106,860$0$1,161,103
65$2,890,275$1,495$0$1,189,554
66$3,070,998$0$0$1,220,309
67$3,266,562$0$0$1,299,506
68$3,478,366$0$0$1,386,046
69$3,707,950$0$0$1,479,965
70$3,957,008$0$0$1,581,968
71$4,227,401$0$0$1,692,833
72$4,521,178$0$0$1,813,416
73$4,840,592$0$0$1,944,658
74$5,188,121$0$0$2,087,593
75$5,566,492$0$0$2,243,363
76$5,978,706$0$0$2,413,221
77$6,428,066$0$0$2,598,546
78$6,918,205$0$0$2,800,859
79$7,453,125$0$0$3,021,831
80$8,037,229$0$0$3,263,305
81$8,675,363$0$0$3,527,305
82$9,372,865$0$0$3,816,065
83$10,135,609$0$0$4,132,041
84$10,970,064$0$0$4,477,939
85$11,883,354$0$0$4,856,737
86$12,883,321$0$0$5,271,718
87$13,978,603$0$0$5,726,494
88$15,178,710$0$0$6,225,045
89$16,494,118$0$0$6,771,753
90$17,936,365$0$0$7,371,445
91$19,518,155$0$0$8,029,439
92$21,253,485$0$0$8,751,590
93$23,157,770$0$0$9,544,350
94$25,247,989$0$0$10,414,824
95$27,542,847$0$0$11,370,841
96$30,062,947$0$0$12,421,024
97$32,830,984$0$0$13,574,871
98$35,871,962$0$0$14,842,848
99$39,213,425$0$0$16,236,484
100$42,885,717$0$0$17,768,480