Can I retire at age 45 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$78,285$77,588$76,907$76,243$75,595$73,648
2 years$38,755$38,033$37,334$36,655$35,998$34,049
3 years$25,580$24,855$24,157$23,485$22,838$20,949
4 years$18,994$18,271$17,580$16,920$16,288$14,473
5 years$15,043$14,325$13,643$12,996$12,382$10,646
6 years$12,410$11,697$11,026$10,393$9,798$8,142
7 years$10,530$9,823$9,162$8,545$7,968$6,393
8 years$9,121$8,420$7,770$7,168$6,610$5,115
9 years$8,025$7,331$6,693$6,106$5,567$4,150
10 years$7,149$6,462$5,835$5,263$4,743$3,404
11 years$6,433$5,753$5,137$4,580$4,079$2,815
12 years$5,837$5,164$4,559$4,018$3,535$2,343
13 years$5,333$4,666$4,073$3,547$3,083$1,961
14 years$4,901$4,242$3,660$3,149$2,702$1,649
15 years$4,527$3,875$3,304$2,808$2,379$1,391
16 years$4,200$3,555$2,996$2,514$2,103$1,177
17 years$3,912$3,274$2,726$2,259$1,864$998
18 years$3,656$3,025$2,488$2,036$1,658$848
19 years$3,427$2,804$2,278$1,840$1,478$722
20 years$3,222$2,606$2,091$1,666$1,320$616
21 years$3,036$2,427$1,923$1,512$1,181$526
22 years$2,868$2,265$1,772$1,375$1,059$449
23 years$2,714$2,119$1,636$1,252$950$384
24 years$2,573$1,985$1,513$1,142$854$329
25 years$2,444$1,863$1,402$1,043$769$282
26 years$2,325$1,751$1,300$954$692$242
27 years$2,215$1,648$1,207$873$624$207
28 years$2,113$1,553$1,122$800$563$178
29 years$2,018$1,465$1,044$733$509$152
30 years$1,930$1,383$973$673$460$131
31 years$1,847$1,308$907$618$415$112
32 years$1,770$1,237$846$568$376$96
33 years$1,698$1,172$790$522$340$83
34 years$1,630$1,111$738$481$308$71
35 years$1,566$1,053$690$442$279$61
36 years$1,506$1,000$646$407$253$53
37 years$1,449$950$604$375$229$45
38 years$1,395$902$566$346$208$39
39 years$1,344$858$530$319$188$33
40 years$1,296$816$497$294$171$29
41 years$1,250$777$466$272$155$25
42 years$1,207$740$437$251$141$21
43 years$1,166$705$410$231$128$18
44 years$1,126$672$385$214$116$16
45 years$1,089$641$362$197$105$13
46 years$1,053$612$340$182$95$12
47 years$1,019$584$319$168$87$10
48 years$987$557$300$156$79$9
49 years$955$532$282$144$72$7
50 years$926$508$265$133$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $948,000, adding $3,611 every year, while hoping to spend $26,297 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: 55/34/11 Blend
44$948,000$948,000$948,000$948,000
45$1,048,421$998,177$983,483$1,102,980
46$1,127,380$1,019,108$988,450$1,161,291
47$1,213,511$1,040,183$992,702$1,221,562
48$1,307,519$1,061,381$996,187$1,286,567
49$1,410,178$1,082,681$998,851$1,356,760
50$1,522,341$1,104,057$1,000,637$1,432,643
51$1,644,947$1,125,483$1,001,485$1,514,768
52$1,779,029$1,146,929$1,001,333$1,603,746
53$1,925,726$1,168,365$1,000,113$1,700,247
54$2,086,291$1,189,755$997,758$1,805,010
55$2,262,104$1,211,065$994,194$1,918,852
56$2,454,685$1,232,253$989,346$2,042,670
57$2,665,707$1,253,278$983,134$2,177,455
58$2,897,014$1,274,093$975,473$2,324,298
59$3,150,635$1,294,650$966,278$2,484,402
60$3,428,807$1,314,895$955,455$2,659,093
61$3,733,992$1,334,771$942,909$2,849,832
62$4,068,902$1,354,218$928,540$3,058,231
63$4,436,525$1,373,170$912,241$3,286,065
64$4,840,153$1,391,557$893,903$3,535,291
65$5,283,410$1,409,305$873,410$3,808,067
66$5,770,291$1,426,334$850,643$4,106,772
67$6,305,195$1,442,558$825,473$4,434,028
68$6,892,968$1,457,887$797,770$4,792,724
69$7,538,951$1,472,224$767,395$5,186,048
70$8,249,025$1,485,464$734,204$5,617,510
71$9,029,671$1,497,497$698,046$6,090,983
72$9,888,030$1,508,207$658,763$6,610,734
73$10,831,967$1,517,467$616,190$7,181,468
74$11,870,150$1,525,145$570,154$7,808,371
75$13,012,127$1,531,099$520,475$8,497,160
76$14,268,419$1,535,178$466,966$9,254,135
77$15,650,618$1,537,222$409,430$10,086,245
78$17,171,496$1,537,060$347,661$11,001,146
79$18,845,126$1,534,514$281,445$12,007,279
80$20,687,013$1,529,390$210,558$13,113,948
81$22,714,243$1,521,484$134,767$14,331,409
82$24,945,641$1,510,582$53,826$15,670,969
83$27,401,950$1,496,454$0$17,145,089
84$30,106,025$1,478,857$0$18,771,325
85$33,083,052$1,457,533$0$20,567,989
86$36,360,782$1,432,211$0$22,545,479
87$39,969,792$1,402,600$0$24,722,226
88$43,943,779$1,368,395$0$27,118,543
89$48,319,869$1,329,271$0$29,756,817
90$53,138,977$1,284,886$0$32,661,723
91$58,446,183$1,234,877$0$35,860,456
92$64,291,166$1,178,858$0$39,382,988
93$70,728,666$1,116,423$0$43,262,352
94$77,819,006$1,047,144$0$47,534,956
95$85,628,654$970,563$0$52,240,926
96$94,230,858$886,202$0$57,424,483
97$103,706,332$793,552$0$63,134,369
98$114,144,017$692,076$0$69,424,297
99$125,641,925$581,206$0$76,353,472
100$138,308,059$460,342$0$83,987,139