Can I retire at age 45?

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 $1,000,000

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1%2%3%4%5%6%7%8%9%10%
1 years$82,954$82,579$82,209$81,843$81,482$81,126$80,774$80,425$80,081$79,741
2 years$41,271$40,881$40,497$40,119$39,748$39,381$39,021$38,666$38,316$37,972
3 years$27,377$26,983$26,597$26,218$25,847$25,482$25,125$24,774$24,429$24,091
4 years$20,430$20,036$19,650$19,273$18,905$18,545$18,192$17,848$17,511$17,182
5 years$16,262$15,868$15,484$15,111$14,746$14,391$14,046$13,709$13,381$13,061
6 years$13,484$13,091$12,709$12,339$11,979$11,630$11,292$10,963$10,644$10,335
7 years$11,500$11,108$10,729$10,362$10,008$9,665$9,334$9,013$8,704$8,405
8 years$10,012$9,621$9,245$8,882$8,533$8,197$7,873$7,561$7,261$6,973
9 years$8,855$8,466$8,092$7,734$7,390$7,060$6,743$6,440$6,150$5,872
10 years$7,929$7,542$7,171$6,817$6,478$6,155$5,846$5,552$5,271$5,003
11 years$7,172$6,786$6,419$6,069$5,735$5,419$5,118$4,832$4,560$4,303
12 years$6,541$6,157$5,793$5,447$5,119$4,809$4,515$4,238$3,976$3,729
13 years$6,007$5,625$5,264$4,922$4,600$4,296$4,010$3,742$3,489$3,252
14 years$5,550$5,170$4,811$4,474$4,158$3,860$3,582$3,321$3,078$2,850
15 years$5,153$4,775$4,420$4,087$3,776$3,485$3,214$2,962$2,727$2,510
16 years$4,807$4,430$4,078$3,750$3,444$3,160$2,896$2,652$2,426$2,218
17 years$4,501$4,126$3,778$3,454$3,153$2,875$2,619$2,383$2,166$1,967
18 years$4,229$3,857$3,511$3,191$2,896$2,625$2,376$2,148$1,939$1,749
19 years$3,986$3,615$3,273$2,958$2,668$2,403$2,161$1,940$1,740$1,559
20 years$3,767$3,399$3,059$2,748$2,464$2,205$1,970$1,757$1,565$1,392
21 years$3,570$3,203$2,867$2,560$2,281$2,029$1,800$1,595$1,411$1,246
22 years$3,390$3,025$2,692$2,390$2,116$1,870$1,648$1,450$1,274$1,117
23 years$3,226$2,863$2,533$2,235$1,967$1,726$1,512$1,321$1,152$1,002
24 years$3,075$2,714$2,388$2,094$1,831$1,596$1,388$1,205$1,043$901
25 years$2,937$2,578$2,255$1,965$1,707$1,479$1,277$1,100$945$811
26 years$2,810$2,453$2,132$1,847$1,594$1,371$1,176$1,006$858$730
27 years$2,691$2,336$2,019$1,738$1,490$1,273$1,084$921$780$658
28 years$2,582$2,229$1,915$1,638$1,395$1,184$1,001$844$709$594
29 years$2,480$2,129$1,818$1,545$1,307$1,102$925$774$645$537
30 years$2,385$2,036$1,728$1,459$1,226$1,026$855$710$588$485

Sample Expected Returns by Investment Class

Person retiring at age 45 starting with $1,000,000, adding $4,547 every year, while hoping to spend $65,867 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: 50/30/20 Blend
44$1,000,000$1,000,000$1,000,000$1,000,000
45$1,106,690$1,053,690$1,038,190$1,155,637
46$1,149,491$1,035,239$1,002,888$1,171,530
47$1,194,449$1,013,676$964,195$1,181,678
48$1,241,716$988,780$921,929$1,191,316
49$1,291,456$960,314$875,898$1,200,420
50$1,343,846$928,031$825,902$1,208,969
51$1,399,081$891,667$771,732$1,216,943
52$1,457,371$850,944$713,170$1,224,328
53$1,518,949$805,565$649,986$1,231,109
54$1,584,064$755,221$581,944$1,237,278
55$1,652,992$699,580$508,792$1,242,832
56$1,726,033$638,294$430,272$1,247,771
57$1,803,513$570,996$346,111$1,252,106
58$1,885,791$497,294$256,025$1,255,851
59$1,973,258$416,778$159,718$1,259,033
60$2,066,343$329,013$56,882$1,261,686
61$2,165,515$233,540$0$1,263,858
62$2,271,287$129,873$0$1,276,891
63$2,384,222$17,501$0$1,303,268
64$2,504,937$0$0$1,331,005
65$2,634,106$0$0$1,394,668
66$2,772,470$0$0$1,469,120
67$2,920,844$0$0$1,549,031
68$3,080,117$0$0$1,634,889
69$3,251,268$0$0$1,727,232
70$3,435,371$0$0$1,826,651
71$3,633,606$0$0$1,933,792
72$3,847,268$0$0$2,049,367
73$4,077,779$0$0$2,174,158
74$4,326,701$0$0$2,309,024
75$4,595,753$0$0$2,454,910
76$4,886,821$0$0$2,612,852
77$5,201,981$0$0$2,783,992
78$5,543,514$0$0$2,969,584
79$5,913,927$0$0$3,171,007
80$6,315,979$0$0$3,389,780
81$6,752,703$0$0$3,627,570
82$7,227,437$0$0$3,886,213
83$7,743,851$0$0$4,167,730
84$8,305,985$0$0$4,474,343
85$8,918,283$0$0$4,808,498
86$9,585,636$0$0$5,172,887
87$10,313,425$0$0$5,570,472
88$11,107,576$0$0$6,004,514
89$11,974,609$0$0$6,478,603
90$12,921,703$0$0$6,996,690
91$13,956,758$0$0$7,563,126
92$15,088,477$0$0$8,182,700
93$16,326,436$0$0$8,860,688
94$17,681,184$0$0$9,602,896
95$19,164,334$0$0$10,415,720
96$20,788,675$0$0$11,306,201
97$22,568,290$0$0$12,282,095
98$24,518,690$0$0$13,351,945
99$26,656,957$0$0$14,525,158
100$29,001,903$0$0$15,812,094

Retirement Simulation By Amount