Can I retire at age 45 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$78,368$77,669$76,988$76,324$75,675$73,845
2 years$38,796$38,073$37,373$36,694$36,036$34,203
3 years$25,607$24,881$24,183$23,510$22,862$21,085
4 years$19,014$18,290$17,599$16,938$16,306$14,596
5 years$15,059$14,340$13,657$13,010$12,395$10,759
6 years$12,423$11,710$11,037$10,404$9,808$8,246
7 years$10,541$9,834$9,172$8,554$7,977$6,490
8 years$9,131$8,429$7,779$7,176$6,617$5,205
9 years$8,034$7,339$6,700$6,112$5,573$4,233
10 years$7,157$6,469$5,841$5,269$4,748$3,480
11 years$6,440$5,759$5,142$4,585$4,084$2,886
12 years$5,843$5,169$4,564$4,022$3,539$2,409
13 years$5,338$4,671$4,077$3,551$3,086$2,021
14 years$4,906$4,246$3,663$3,152$2,705$1,704
15 years$4,532$3,879$3,308$2,811$2,382$1,441
16 years$4,204$3,559$2,999$2,517$2,105$1,223
17 years$3,916$3,278$2,729$2,261$1,866$1,040
18 years$3,660$3,029$2,491$2,038$1,660$887
19 years$3,431$2,807$2,280$1,842$1,479$757
20 years$3,225$2,608$2,093$1,668$1,321$648
21 years$3,039$2,430$1,925$1,514$1,182$555
22 years$2,871$2,268$1,774$1,376$1,060$475
23 years$2,717$2,121$1,638$1,253$951$408
24 years$2,576$1,987$1,515$1,143$855$350
25 years$2,447$1,865$1,403$1,044$769$301
26 years$2,327$1,753$1,301$955$693$259
27 years$2,217$1,650$1,209$874$625$223
28 years$2,115$1,554$1,123$801$564$192
29 years$2,020$1,466$1,045$734$509$165
30 years$1,932$1,385$974$674$460$142
31 years$1,849$1,309$908$619$416$122
32 years$1,772$1,239$847$569$376$105
33 years$1,700$1,173$791$523$340$91
34 years$1,632$1,112$739$481$308$78
35 years$1,568$1,055$691$443$279$67
36 years$1,507$1,001$646$408$253$58
37 years$1,450$951$605$376$229$50
38 years$1,397$903$566$346$208$43
39 years$1,346$859$531$319$189$37
40 years$1,297$817$497$295$171$32
41 years$1,252$778$466$272$155$28
42 years$1,208$741$438$251$141$24
43 years$1,167$706$411$232$128$21
44 years$1,128$673$385$214$116$18
45 years$1,090$642$362$197$105$15
46 years$1,054$612$340$182$96$13
47 years$1,020$584$319$169$87$11
48 years$988$558$300$156$79$10
49 years$956$533$282$144$72$9
50 years$927$509$265$133$65$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $949,000, adding $6,705 every year, while hoping to spend $49,363 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: 42/35/23 Blend
44$949,000$949,000$949,000$949,000
45$1,052,714$1,002,417$987,708$1,089,591
46$1,107,569$999,014$968,274$1,113,134
47$1,166,365$993,789$946,535$1,133,374
48$1,229,451$986,602$922,361$1,154,303
49$1,297,212$977,302$895,617$1,176,013
50$1,370,069$965,731$866,161$1,198,607
51$1,448,484$951,720$833,846$1,222,202
52$1,532,966$935,091$798,516$1,246,930
53$1,624,072$915,654$760,009$1,272,943
54$1,722,415$893,208$718,158$1,300,410
55$1,828,668$867,543$672,783$1,329,524
56$1,943,573$838,433$623,702$1,360,499
57$2,067,942$805,640$570,720$1,393,581
58$2,202,669$768,914$513,637$1,429,043
59$2,348,738$727,988$452,240$1,467,191
60$2,507,230$682,580$386,311$1,508,372
61$2,679,335$632,393$315,619$1,552,972
62$2,866,359$577,113$239,925$1,601,424
63$3,069,743$516,406$158,977$1,654,212
64$3,291,068$449,922$72,515$1,711,878
65$3,532,078$377,289$0$1,775,027
66$3,794,688$298,114$0$1,849,183
67$4,081,008$211,984$0$1,949,557
68$4,393,360$118,460$0$2,059,249
69$4,734,298$17,080$0$2,179,271
70$5,106,635$0$0$2,310,744
71$5,513,468$0$0$2,490,594
72$5,958,206$0$0$2,694,507
73$6,444,602$0$0$2,917,640
74$6,976,787$0$0$3,161,903
75$7,559,313$0$0$3,429,402
76$8,197,190$0$0$3,722,452
77$8,895,935$0$0$4,043,606
78$9,661,625$0$0$4,395,674
79$10,500,952$0$0$4,781,750
80$11,421,287$0$0$5,205,245
81$12,430,746$0$0$5,669,912
82$13,538,272$0$0$6,179,888
83$14,753,712$0$0$6,739,728
84$16,087,916$0$0$7,354,451
85$17,552,831$0$0$8,029,585
86$19,161,623$0$0$8,771,219
87$20,928,791$0$0$9,586,062
88$22,870,309$0$0$10,481,505
89$25,003,776$0$0$11,465,689
90$27,348,579$0$0$12,547,586
91$29,926,076$0$0$13,737,076
92$32,759,797$0$0$15,045,047
93$35,875,668$0$0$16,483,496
94$39,302,250$0$0$18,065,637
95$43,071,013$0$0$19,806,033
96$47,216,627$0$0$21,720,727
97$51,777,294$0$0$23,827,396
98$56,795,102$0$0$26,145,517
99$62,316,428$0$0$28,696,549
100$68,392,368$0$0$31,504,138