Can I retire at age 45 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$78,202$77,506$76,826$76,163$75,515$72,807
2 years$38,714$37,993$37,294$36,617$35,960$33,260
3 years$25,553$24,829$24,132$23,461$22,814$20,209
4 years$18,974$18,252$17,562$16,902$16,271$13,780
5 years$15,027$14,310$13,629$12,982$12,369$9,998
6 years$12,397$11,685$11,014$10,382$9,787$7,538
7 years$10,519$9,813$9,153$8,536$7,960$5,832
8 years$9,111$8,412$7,762$7,160$6,603$4,595
9 years$8,017$7,324$6,686$6,099$5,561$3,670
10 years$7,142$6,456$5,829$5,257$4,738$2,961
11 years$6,427$5,747$5,131$4,576$4,075$2,408
12 years$5,831$5,158$4,554$4,013$3,531$1,970
13 years$5,327$4,661$4,069$3,543$3,079$1,620
14 years$4,896$4,237$3,656$3,145$2,699$1,338
15 years$4,522$3,871$3,301$2,805$2,377$1,108
16 years$4,196$3,551$2,993$2,512$2,101$920
17 years$3,908$3,271$2,723$2,257$1,863$766
18 years$3,652$3,022$2,486$2,034$1,656$638
19 years$3,424$2,801$2,276$1,838$1,476$533
20 years$3,219$2,603$2,088$1,664$1,318$445
21 years$3,033$2,424$1,921$1,510$1,180$373
22 years$2,865$2,263$1,771$1,373$1,058$312
23 years$2,711$2,117$1,635$1,251$949$262
24 years$2,571$1,983$1,512$1,141$853$219
25 years$2,442$1,861$1,400$1,042$768$184
26 years$2,323$1,749$1,299$953$692$154
27 years$2,213$1,646$1,206$872$624$130
28 years$2,111$1,551$1,121$799$563$109
29 years$2,016$1,463$1,043$733$508$91
30 years$1,928$1,382$972$672$459$77
31 years$1,845$1,306$906$617$415$65
32 years$1,768$1,236$845$567$375$54
33 years$1,696$1,171$789$522$340$46
34 years$1,628$1,109$737$480$308$38
35 years$1,564$1,052$689$442$279$32
36 years$1,504$999$645$407$252$27
37 years$1,447$949$604$375$229$23
38 years$1,394$902$565$346$207$19
39 years$1,343$857$530$319$188$16
40 years$1,295$816$496$294$171$14
41 years$1,249$776$465$271$155$11
42 years$1,206$739$437$250$140$10
43 years$1,164$705$410$231$127$8
44 years$1,125$672$385$213$116$7
45 years$1,088$640$361$197$105$6
46 years$1,052$611$339$182$95$5
47 years$1,018$583$319$168$87$4
48 years$985$557$299$155$79$3
49 years$954$531$281$144$71$3
50 years$925$508$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 $947,000, adding $5,665 every year, while hoping to spend $31,525 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: 62/21/17 Blend
44$947,000$947,000$947,000$947,000
45$1,049,437$999,246$984,568$1,109,662
46$1,122,938$1,014,667$984,009$1,166,300
47$1,202,878$1,029,787$982,374$1,224,046
48$1,289,883$1,044,558$979,595$1,286,343
49$1,384,638$1,058,928$975,598$1,353,636
50$1,487,899$1,072,843$970,308$1,426,415
51$1,600,496$1,086,243$963,645$1,505,222
52$1,723,344$1,099,067$955,524$1,590,652
53$1,857,450$1,111,246$945,859$1,683,365
54$2,003,921$1,122,709$934,557$1,784,084
55$2,163,979$1,133,379$921,523$1,893,609
56$2,338,966$1,143,176$906,655$2,012,824
57$2,530,361$1,152,012$889,848$2,142,700
58$2,739,792$1,159,795$870,992$2,284,311
59$2,969,052$1,166,426$849,972$2,438,840
60$3,220,115$1,171,801$826,665$2,607,591
61$3,495,156$1,175,808$800,948$2,792,003
62$3,796,568$1,178,329$772,686$2,993,663
63$4,126,989$1,179,238$741,742$3,214,321
64$4,489,323$1,178,401$707,971$3,455,906
65$4,886,768$1,175,677$671,222$3,720,546
66$5,322,848$1,170,915$631,338$4,010,587
67$5,801,443$1,163,955$588,153$4,328,618
68$6,326,829$1,154,627$541,494$4,677,491
69$6,903,713$1,142,752$491,182$5,060,351
70$7,537,284$1,128,138$437,029$5,480,669
71$8,233,254$1,110,585$378,837$5,942,269
72$8,997,920$1,089,877$316,401$6,449,370
73$9,838,215$1,065,788$249,507$7,006,621
74$10,761,778$1,038,077$177,932$7,619,150
75$11,777,028$1,006,491$101,441$8,292,611
76$12,893,235$970,760$19,790$9,033,238
77$14,120,617$930,599$0$9,847,902
78$15,470,428$885,706$0$10,756,398
79$16,955,070$835,764$0$11,759,488
80$18,588,204$780,434$0$12,862,838
81$20,384,886$719,359$0$14,076,656
82$22,361,700$652,164$0$15,412,191
83$24,536,923$578,449$0$16,881,840
84$26,930,689$497,794$0$18,499,268
85$29,565,187$409,753$0$20,279,536
86$32,464,861$313,856$0$22,239,243
87$35,656,649$209,607$0$24,396,683
88$39,170,232$96,482$0$26,772,019
89$43,038,312$0$0$29,387,474
90$47,296,928$0$0$32,273,565
91$51,985,786$0$0$35,475,870
92$57,148,642$0$0$39,001,989
93$62,833,709$0$0$42,884,860
94$69,094,114$0$0$47,160,781
95$75,988,398$0$0$51,869,749
96$83,581,070$0$0$57,055,836
97$91,943,212$0$0$62,767,608
98$101,153,155$0$0$69,058,582
99$111,297,211$0$0$75,987,728
100$122,470,494$0$0$83,620,030