Can I retire at age 45 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$78,450$77,751$77,070$76,404$75,754$72,749
2 years$38,837$38,113$37,412$36,733$36,073$33,083
3 years$25,634$24,908$24,208$23,535$22,887$20,005
4 years$19,034$18,310$17,617$16,956$16,323$13,572
5 years$15,075$14,355$13,672$13,024$12,408$9,795
6 years$12,436$11,722$11,049$10,415$9,818$7,345
7 years$10,552$9,844$9,182$8,563$7,985$5,650
8 years$9,140$8,438$7,787$7,183$6,624$4,426
9 years$8,042$7,347$6,707$6,118$5,579$3,513
10 years$7,165$6,476$5,847$5,274$4,753$2,816
11 years$6,447$5,765$5,148$4,590$4,088$2,275
12 years$5,849$5,175$4,568$4,026$3,543$1,850
13 years$5,344$4,676$4,082$3,554$3,089$1,511
14 years$4,911$4,251$3,667$3,155$2,708$1,238
15 years$4,536$3,883$3,311$2,814$2,384$1,018
16 years$4,209$3,563$3,002$2,520$2,107$840
17 years$3,920$3,281$2,732$2,264$1,868$694
18 years$3,664$3,032$2,494$2,040$1,661$574
19 years$3,435$2,810$2,283$1,843$1,481$475
20 years$3,229$2,611$2,095$1,670$1,323$394
21 years$3,043$2,432$1,927$1,515$1,184$327
22 years$2,874$2,270$1,776$1,378$1,061$272
23 years$2,720$2,123$1,640$1,255$952$226
24 years$2,579$1,989$1,517$1,144$856$188
25 years$2,449$1,867$1,405$1,045$770$157
26 years$2,330$1,755$1,303$956$694$130
27 years$2,220$1,651$1,210$875$626$109
28 years$2,117$1,556$1,125$801$564$90
29 years$2,022$1,468$1,047$735$510$75
30 years$1,934$1,386$975$674$461$63
31 years$1,851$1,311$909$619$416$52
32 years$1,774$1,240$848$569$377$44
33 years$1,701$1,174$792$523$341$36
34 years$1,633$1,113$740$482$309$30
35 years$1,569$1,056$692$443$280$25
36 years$1,509$1,002$647$408$253$21
37 years$1,452$952$606$376$230$18
38 years$1,398$904$567$347$208$15
39 years$1,347$860$531$320$189$12
40 years$1,299$818$498$295$171$10
41 years$1,253$779$467$272$155$8
42 years$1,209$742$438$251$141$7
43 years$1,168$707$411$232$128$6
44 years$1,129$674$386$214$116$5
45 years$1,091$642$362$198$105$4
46 years$1,055$613$340$183$96$3
47 years$1,021$585$320$169$87$3
48 years$989$558$300$156$79$2
49 years$957$533$282$144$72$2
50 years$928$509$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 $950,000, adding $5,812 every year, while hoping to spend $40,987 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: 59/34/7 Blend
44$950,000$950,000$950,000$950,000
45$1,052,895$1,002,545$987,820$1,113,128
46$1,116,681$1,008,060$977,302$1,159,734
47$1,185,598$1,012,471$965,058$1,205,340
48$1,260,129$1,015,682$950,987$1,254,037
49$1,340,800$1,017,588$934,983$1,306,126
50$1,428,192$1,018,080$916,935$1,361,935
51$1,522,942$1,017,041$896,728$1,421,831
52$1,625,753$1,014,347$874,239$1,486,216
53$1,737,396$1,009,866$849,342$1,555,535
54$1,858,720$1,003,459$821,904$1,630,283
55$1,990,658$994,977$791,787$1,711,002
56$2,134,238$984,264$758,845$1,798,294
57$2,290,590$971,153$722,926$1,892,825
58$2,460,958$955,467$683,871$1,995,327
59$2,646,710$937,019$641,515$2,106,614
60$2,849,353$915,611$595,685$2,227,580
61$3,070,545$891,034$546,198$2,359,217
62$3,312,111$863,065$492,866$2,502,618
63$3,576,061$831,470$435,491$2,658,991
64$3,864,605$795,998$373,867$2,829,672
65$4,180,181$756,388$307,777$3,016,135
66$4,525,469$712,361$236,997$3,220,007
67$4,903,422$663,622$161,292$3,443,087
68$5,317,292$609,860$80,416$3,687,359
69$5,770,658$550,746$0$3,955,017
70$6,267,465$485,932$0$4,248,921
71$6,812,054$415,050$0$4,577,740
72$7,409,208$337,712$0$4,938,435
73$8,064,195$253,508$0$5,334,284
74$8,782,817$162,004$0$5,768,903
75$9,571,465$62,743$0$6,246,286
76$10,437,179$0$0$6,770,837
77$11,387,712$0$0$7,364,162
78$12,431,606$0$0$8,041,624
79$13,578,272$0$0$8,785,867
80$14,838,074$0$0$9,603,628
81$16,222,434$0$0$10,502,332
82$17,743,930$0$0$11,490,155
83$19,416,424$0$0$12,576,110
84$21,255,184$0$0$13,770,121
85$23,277,034$0$0$15,083,126
86$25,500,508$0$0$16,527,173
87$27,946,027$0$0$18,115,539
88$30,636,089$0$0$19,862,850
89$33,595,484$0$0$21,785,221
90$36,851,524$0$0$23,900,410
91$40,434,304$0$0$26,227,981
92$44,376,980$0$0$28,789,490
93$48,716,089$0$0$31,608,690
94$53,491,885$0$0$34,711,753
95$58,748,726$0$0$38,127,516
96$64,535,485$0$0$41,887,755
97$70,906,016$0$0$46,027,481
98$77,919,662$0$0$50,585,276
99$85,641,807$0$0$55,603,650
100$94,144,504$0$0$61,129,447