Can I retire at age 45 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$78,533$77,833$77,151$76,485$75,834$74,031
2 years$38,878$38,154$37,452$36,771$36,111$34,305
3 years$25,661$24,934$24,234$23,560$22,911$21,158
4 years$19,054$18,329$17,636$16,974$16,340$14,654
5 years$15,091$14,370$13,686$13,037$12,421$10,807
6 years$12,449$11,734$11,061$10,426$9,829$8,288
7 years$10,564$9,854$9,191$8,572$7,993$6,526
8 years$9,150$8,447$7,795$7,191$6,631$5,237
9 years$8,051$7,355$6,714$6,125$5,584$4,262
10 years$7,172$6,483$5,853$5,280$4,758$3,506
11 years$6,454$5,771$5,153$4,595$4,092$2,909
12 years$5,855$5,180$4,573$4,030$3,546$2,430
13 years$5,350$4,681$4,086$3,558$3,092$2,040
14 years$4,916$4,255$3,671$3,159$2,711$1,721
15 years$4,541$3,887$3,315$2,817$2,387$1,457
16 years$4,213$3,566$3,005$2,522$2,109$1,237
17 years$3,924$3,284$2,735$2,266$1,870$1,053
18 years$3,668$3,035$2,496$2,042$1,663$898
19 years$3,438$2,813$2,285$1,845$1,482$768
20 years$3,232$2,614$2,097$1,671$1,324$657
21 years$3,046$2,435$1,929$1,517$1,185$563
22 years$2,877$2,273$1,778$1,379$1,062$483
23 years$2,723$2,126$1,642$1,256$953$415
24 years$2,581$1,992$1,518$1,146$857$357
25 years$2,452$1,869$1,406$1,046$771$307
26 years$2,332$1,756$1,304$957$695$264
27 years$2,222$1,653$1,211$876$626$227
28 years$2,120$1,558$1,126$802$565$196
29 years$2,024$1,469$1,048$736$510$169
30 years$1,936$1,388$976$675$461$145
31 years$1,853$1,312$910$620$417$125
32 years$1,776$1,241$849$570$377$108
33 years$1,703$1,176$793$524$341$93
34 years$1,635$1,114$741$482$309$80
35 years$1,571$1,057$692$444$280$69
36 years$1,510$1,003$648$409$254$60
37 years$1,453$953$606$377$230$52
38 years$1,399$905$568$347$208$45
39 years$1,348$861$532$320$189$38
40 years$1,300$819$499$295$171$33
41 years$1,254$780$467$272$155$29
42 years$1,211$743$438$251$141$25
43 years$1,169$707$411$232$128$21
44 years$1,130$674$386$214$116$18
45 years$1,092$643$363$198$105$16
46 years$1,057$613$341$183$96$14
47 years$1,022$585$320$169$87$12
48 years$990$559$301$156$79$10
49 years$958$534$283$144$72$9
50 years$929$510$266$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $951,000, adding $6,232 every year, while hoping to spend $33,289 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: 59/30/11 Blend
44$951,000$951,000$951,000$951,000
45$1,054,430$1,004,027$989,287$1,113,499
46$1,126,563$1,017,805$987,009$1,167,763
47$1,204,937$1,031,143$983,539$1,222,611
48$1,290,155$1,043,983$978,801$1,281,610
49$1,382,878$1,056,265$972,718$1,345,164
50$1,483,834$1,067,925$965,207$1,413,715
51$1,593,825$1,078,893$956,181$1,487,754
52$1,713,732$1,089,095$945,550$1,567,819
53$1,844,525$1,098,454$933,218$1,654,507
54$1,987,273$1,106,885$919,088$1,748,475
55$2,143,152$1,114,299$903,054$1,850,447
56$2,313,455$1,120,601$885,008$1,961,222
57$2,499,608$1,125,691$864,836$2,081,683
58$2,703,179$1,129,461$842,419$2,212,802
59$2,925,896$1,131,796$817,632$2,355,652
60$3,169,659$1,132,577$790,345$2,511,417
61$3,436,565$1,131,673$760,422$2,681,403
62$3,728,918$1,128,949$727,720$2,867,050
63$4,049,259$1,124,259$692,090$3,069,946
64$4,400,384$1,117,448$653,375$3,291,845
65$4,785,374$1,108,354$611,414$3,534,678
66$5,207,622$1,096,803$566,036$3,800,580
67$5,670,864$1,082,611$517,064$4,091,900
68$6,179,218$1,065,584$464,310$4,411,234
69$6,737,216$1,045,516$407,583$4,761,442
70$7,349,853$1,022,187$346,677$5,145,679
71$8,022,630$995,366$281,383$5,567,427
72$8,761,608$964,809$211,479$6,030,522
73$9,573,462$930,255$136,735$6,539,199
74$10,465,549$891,431$56,909$7,098,125
75$11,445,969$848,046$0$7,712,449
76$12,523,650$799,791$0$8,391,167
77$13,708,425$746,344$0$9,144,565
78$15,011,129$687,360$0$9,972,892
79$16,443,699$622,475$0$10,883,795
80$18,019,286$551,306$0$11,885,705
81$19,752,380$473,448$0$12,987,913
82$21,658,947$388,470$0$14,200,667
83$23,756,576$295,922$0$15,535,258
84$26,064,648$195,323$0$17,004,139
85$28,604,518$86,170$0$18,621,033
86$31,399,715$0$0$20,401,072
87$34,476,164$0$0$22,371,522
88$37,862,432$0$0$24,571,814
89$41,589,994$0$0$26,993,965
90$45,693,535$0$0$29,660,524
91$50,211,269$0$0$32,596,337
92$55,185,308$0$0$35,828,781
93$60,662,052$0$0$39,388,025
94$66,692,631$0$0$43,307,310
95$73,333,385$0$0$47,623,266
96$80,646,396$0$0$52,376,256
97$88,700,074$0$0$57,610,756
98$97,569,802$0$0$63,375,778
99$107,338,644$0$0$69,725,326
100$118,098,135$0$0$76,718,912