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%14.6%
1 years$78,533$77,833$77,151$76,485$75,834$74,394
2 years$38,878$38,154$37,452$36,771$36,111$34,666
3 years$25,661$24,934$24,234$23,560$22,911$21,505
4 years$19,054$18,329$17,636$16,974$16,340$14,986
5 years$15,091$14,370$13,686$13,037$12,421$11,122
6 years$12,449$11,734$11,061$10,426$9,829$8,585
7 years$10,564$9,854$9,191$8,572$7,993$6,806
8 years$9,150$8,447$7,795$7,191$6,631$5,500
9 years$8,051$7,355$6,714$6,125$5,584$4,508
10 years$7,172$6,483$5,853$5,280$4,758$3,736
11 years$6,454$5,771$5,153$4,595$4,092$3,123
12 years$5,855$5,180$4,573$4,030$3,546$2,629
13 years$5,350$4,681$4,086$3,558$3,092$2,226
14 years$4,916$4,255$3,671$3,159$2,711$1,893
15 years$4,541$3,887$3,315$2,817$2,387$1,616
16 years$4,213$3,566$3,005$2,522$2,109$1,384
17 years$3,924$3,284$2,735$2,266$1,870$1,188
18 years$3,668$3,035$2,496$2,042$1,663$1,022
19 years$3,438$2,813$2,285$1,845$1,482$882
20 years$3,232$2,614$2,097$1,671$1,324$761
21 years$3,046$2,435$1,929$1,517$1,185$659
22 years$2,877$2,273$1,778$1,379$1,062$570
23 years$2,723$2,126$1,642$1,256$953$494
24 years$2,581$1,992$1,518$1,146$857$429
25 years$2,452$1,869$1,406$1,046$771$372
26 years$2,332$1,756$1,304$957$695$323
27 years$2,222$1,653$1,211$876$626$281
28 years$2,120$1,558$1,126$802$565$245
29 years$2,024$1,469$1,048$736$510$213
30 years$1,936$1,388$976$675$461$185
31 years$1,853$1,312$910$620$417$161
32 years$1,776$1,241$849$570$377$140
33 years$1,703$1,176$793$524$341$122
34 years$1,635$1,114$741$482$309$107
35 years$1,571$1,057$692$444$280$93
36 years$1,510$1,003$648$409$254$81
37 years$1,453$953$606$377$230$71
38 years$1,399$905$568$347$208$62
39 years$1,348$861$532$320$189$54
40 years$1,300$819$499$295$171$47
41 years$1,254$780$467$272$155$41
42 years$1,211$743$438$251$141$36
43 years$1,169$707$411$232$128$31
44 years$1,130$674$386$214$116$27
45 years$1,092$643$363$198$105$24
46 years$1,057$613$341$183$96$21
47 years$1,022$585$320$169$87$18
48 years$990$559$301$156$79$16
49 years$958$534$283$144$72$14
50 years$929$510$266$133$65$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $951,000, adding $3,043 every year, while hoping to spend $26,689 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: 52/43/5 Blend
44$951,000$951,000$951,000$951,000
45$1,051,141$1,000,738$985,997$1,104,462
46$1,129,960$1,021,377$990,631$1,161,568
47$1,215,925$1,042,133$994,526$1,220,461
48$1,309,735$1,062,984$997,629$1,283,853
49$1,412,162$1,083,904$999,883$1,352,173
50$1,524,055$1,104,868$1,001,232$1,425,892
51$1,646,349$1,125,846$1,001,613$1,505,531
52$1,780,072$1,146,808$1,000,962$1,591,660
53$1,926,357$1,167,719$999,212$1,684,911
54$2,086,452$1,188,544$996,293$1,785,978
55$2,261,730$1,209,243$992,128$1,895,628
56$2,453,704$1,229,773$986,642$2,014,703
57$2,664,039$1,250,090$979,752$2,144,135
58$2,894,571$1,270,144$971,374$2,284,947
59$3,147,319$1,289,883$961,417$2,438,269
60$3,424,508$1,309,250$949,787$2,605,346
61$3,728,591$1,328,185$936,387$2,787,551
62$4,062,265$1,346,624$921,114$2,986,395
63$4,428,504$1,364,497$903,860$3,203,547
64$4,830,585$1,381,731$884,512$3,440,844
65$5,272,114$1,398,246$862,953$3,700,312
66$5,757,067$1,413,957$839,060$3,984,184
67$6,289,822$1,428,775$812,702$4,294,921
68$6,875,203$1,442,604$783,746$4,635,239
69$7,518,522$1,455,340$752,051$5,008,128
70$8,225,634$1,466,875$717,467$5,416,886
71$9,002,989$1,477,092$679,843$5,865,149
72$9,857,692$1,485,867$639,016$6,356,923
73$10,797,572$1,493,069$594,817$6,896,628
74$11,831,252$1,498,558$547,072$7,489,133
75$12,968,236$1,502,183$495,595$8,139,808
76$14,218,993$1,503,788$440,195$8,854,569
77$15,595,060$1,503,203$380,671$9,639,943
78$17,109,146$1,500,250$316,813$10,503,120
79$18,775,256$1,494,738$248,403$11,452,029
80$20,608,819$1,486,468$175,212$12,495,410
81$22,626,838$1,475,225$97,001$13,642,898
82$24,848,047$1,460,782$13,522$14,905,111
83$27,293,087$1,442,900$0$16,293,758
84$29,984,703$1,421,323$0$17,825,775
85$32,947,958$1,395,782$0$19,512,388
86$36,210,465$1,365,992$0$21,368,570
87$39,802,656$1,331,649$0$23,411,623
88$43,758,060$1,292,433$0$25,660,615
89$48,113,625$1,248,004$0$28,136,567
90$52,910,063$1,198,005$0$30,862,646
91$58,192,236$1,142,054$0$33,864,389
92$64,009,579$1,079,749$0$37,169,943
93$70,416,566$1,010,667$0$40,810,332
94$77,473,223$934,357$0$44,819,750
95$85,245,695$850,344$0$49,235,887
96$93,806,871$758,126$0$54,100,285
97$103,237,070$657,171$0$59,458,730
98$113,624,798$546,920$0$65,361,688
99$125,067,587$426,779$0$71,864,780
100$137,672,913$296,122$0$79,029,312