Can I retire at age 45 with 951,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$78,533$77,833$77,151$76,485$75,834$73,911
2 years$38,878$38,154$37,452$36,771$36,111$34,186
3 years$25,661$24,934$24,234$23,560$22,911$21,044
4 years$19,054$18,329$17,636$16,974$16,340$14,546
5 years$15,091$14,370$13,686$13,037$12,421$10,705
6 years$12,449$11,734$11,061$10,426$9,829$8,191
7 years$10,564$9,854$9,191$8,572$7,993$6,436
8 years$9,150$8,447$7,795$7,191$6,631$5,152
9 years$8,051$7,355$6,714$6,125$5,584$4,183
10 years$7,172$6,483$5,853$5,280$4,758$3,433
11 years$6,454$5,771$5,153$4,595$4,092$2,841
12 years$5,855$5,180$4,573$4,030$3,546$2,366
13 years$5,350$4,681$4,086$3,558$3,092$1,982
14 years$4,916$4,255$3,671$3,159$2,711$1,667
15 years$4,541$3,887$3,315$2,817$2,387$1,407
16 years$4,213$3,566$3,005$2,522$2,109$1,192
17 years$3,924$3,284$2,735$2,266$1,870$1,011
18 years$3,668$3,035$2,496$2,042$1,663$860
19 years$3,438$2,813$2,285$1,845$1,482$733
20 years$3,232$2,614$2,097$1,671$1,324$625
21 years$3,046$2,435$1,929$1,517$1,185$534
22 years$2,877$2,273$1,778$1,379$1,062$457
23 years$2,723$2,126$1,642$1,256$953$391
24 years$2,581$1,992$1,518$1,146$857$335
25 years$2,452$1,869$1,406$1,046$771$287
26 years$2,332$1,756$1,304$957$695$246
27 years$2,222$1,653$1,211$876$626$211
28 years$2,120$1,558$1,126$802$565$182
29 years$2,024$1,469$1,048$736$510$156
30 years$1,936$1,388$976$675$461$134
31 years$1,853$1,312$910$620$417$115
32 years$1,776$1,241$849$570$377$99
33 years$1,703$1,176$793$524$341$85
34 years$1,635$1,114$741$482$309$73
35 years$1,571$1,057$692$444$280$63
36 years$1,510$1,003$648$409$254$54
37 years$1,453$953$606$377$230$46
38 years$1,399$905$568$347$208$40
39 years$1,348$861$532$320$189$34
40 years$1,300$819$499$295$171$30
41 years$1,254$780$467$272$155$25
42 years$1,211$743$438$251$141$22
43 years$1,169$707$411$232$128$19
44 years$1,130$674$386$214$116$16
45 years$1,092$643$363$198$105$14
46 years$1,057$613$341$183$96$12
47 years$1,022$585$320$169$87$10
48 years$990$559$301$156$79$9
49 years$958$534$283$144$72$8
50 years$929$510$266$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $951,000, adding $3,989 every year, while hoping to spend $41,936 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: 30/40/30 Blend
44$951,000$951,000$951,000$951,000
45$1,052,117$1,001,714$986,973$1,073,912
46$1,114,813$1,006,178$975,417$1,095,866
47$1,182,499$1,009,456$962,069$1,115,564
48$1,255,639$1,011,444$946,823$1,135,939
49$1,334,744$1,012,035$929,571$1,157,080
50$1,420,375$1,011,111$910,199$1,179,089
51$1,513,149$1,008,552$888,587$1,202,081
52$1,613,744$1,004,225$864,609$1,226,187
53$1,722,908$997,994$838,135$1,251,556
54$1,841,460$989,711$809,028$1,278,354
55$1,970,303$979,221$777,144$1,306,771
56$2,110,430$966,359$742,335$1,337,019
57$2,262,933$950,950$704,442$1,369,338
58$2,429,015$932,809$663,303$1,403,997
59$2,609,998$911,740$618,747$1,441,297
60$2,807,337$887,535$570,595$1,481,578
61$3,022,636$859,974$518,660$1,525,220
62$3,257,656$828,825$462,747$1,572,646
63$3,514,341$793,840$402,653$1,624,334
64$3,794,825$754,761$338,163$1,680,813
65$4,101,463$711,310$269,058$1,742,677
66$4,436,845$663,196$195,103$1,810,589
67$4,803,822$610,111$116,058$1,885,286
68$5,205,534$551,729$31,669$1,967,593
69$5,645,441$487,706$0$2,058,426
70$6,127,349$417,678$0$2,177,496
71$6,655,454$341,259$0$2,319,284
72$7,234,374$258,044$0$2,474,995
73$7,869,195$167,603$0$2,646,132
74$8,565,521$69,484$0$2,834,355
75$9,329,523$0$0$3,041,503
76$10,167,997$0$0$3,285,806
77$11,088,433$0$0$3,587,717
78$12,099,077$0$0$3,919,375
79$13,209,015$0$0$4,283,782
80$14,428,255$0$0$4,684,245
81$15,767,823$0$0$5,124,405
82$17,239,865$0$0$5,608,277
83$18,857,763$0$0$6,140,280
84$20,636,259$0$0$6,725,287
85$22,591,594$0$0$7,368,663
86$24,741,662$0$0$8,076,322
87$27,106,177$0$0$8,854,777
88$29,706,860$0$0$9,711,208
89$32,567,642$0$0$10,653,521
90$35,714,890$0$0$11,690,431
91$39,177,656$0$0$12,831,539
92$42,987,949$0$0$14,087,423
93$47,181,039$0$0$15,469,740
94$51,795,785$0$0$16,991,334
95$56,875,008$0$0$18,666,355
96$62,465,888$0$0$20,510,400
97$68,620,410$0$0$22,540,649
98$75,395,858$0$0$24,776,036
99$82,855,351$0$0$27,237,425
100$91,068,439$0$0$29,947,804