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%19.8%
1 years$78,450$77,751$77,070$76,404$75,754$72,777
2 years$38,837$38,113$37,412$36,733$36,073$33,111
3 years$25,634$24,908$24,208$23,535$22,887$20,031
4 years$19,034$18,310$17,617$16,956$16,323$13,597
5 years$15,075$14,355$13,672$13,024$12,408$9,818
6 years$12,436$11,722$11,049$10,415$9,818$7,366
7 years$10,552$9,844$9,182$8,563$7,985$5,670
8 years$9,140$8,438$7,787$7,183$6,624$4,444
9 years$8,042$7,347$6,707$6,118$5,579$3,529
10 years$7,165$6,476$5,847$5,274$4,753$2,831
11 years$6,447$5,765$5,148$4,590$4,088$2,289
12 years$5,849$5,175$4,568$4,026$3,543$1,862
13 years$5,344$4,676$4,082$3,554$3,089$1,522
14 years$4,911$4,251$3,667$3,155$2,708$1,248
15 years$4,536$3,883$3,311$2,814$2,384$1,027
16 years$4,209$3,563$3,002$2,520$2,107$848
17 years$3,920$3,281$2,732$2,264$1,868$701
18 years$3,664$3,032$2,494$2,040$1,661$580
19 years$3,435$2,810$2,283$1,843$1,481$481
20 years$3,229$2,611$2,095$1,670$1,323$399
21 years$3,043$2,432$1,927$1,515$1,184$332
22 years$2,874$2,270$1,776$1,378$1,061$276
23 years$2,720$2,123$1,640$1,255$952$230
24 years$2,579$1,989$1,517$1,144$856$191
25 years$2,449$1,867$1,405$1,045$770$159
26 years$2,330$1,755$1,303$956$694$133
27 years$2,220$1,651$1,210$875$626$111
28 years$2,117$1,556$1,125$801$564$92
29 years$2,022$1,468$1,047$735$510$77
30 years$1,934$1,386$975$674$461$64
31 years$1,851$1,311$909$619$416$53
32 years$1,774$1,240$848$569$377$45
33 years$1,701$1,174$792$523$341$37
34 years$1,633$1,113$740$482$309$31
35 years$1,569$1,056$692$443$280$26
36 years$1,509$1,002$647$408$253$22
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$13
40 years$1,299$818$498$295$171$10
41 years$1,253$779$467$272$155$9
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$4
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 $6,472 every year, while hoping to spend $40,040 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: 36/44/20 Blend
44$950,000$950,000$950,000$950,000
45$1,053,576$1,003,226$988,501$1,084,913
46$1,118,438$1,009,782$979,013$1,114,912
47$1,188,575$1,015,317$967,866$1,143,074
48$1,264,481$1,019,739$954,961$1,172,651
49$1,346,702$1,022,950$940,196$1,203,793
50$1,435,836$1,024,845$923,464$1,236,666
51$1,532,543$1,025,314$904,651$1,271,459
52$1,637,547$1,024,239$883,642$1,308,379
53$1,751,645$1,021,495$860,312$1,347,660
54$1,875,714$1,016,949$834,533$1,389,562
55$2,010,717$1,010,460$806,171$1,434,375
56$2,157,717$1,001,880$775,084$1,482,422
57$2,317,882$991,049$741,127$1,534,063
58$2,492,495$977,800$704,144$1,589,699
59$2,682,972$961,954$663,975$1,649,775
60$2,890,869$943,324$620,452$1,714,787
61$3,117,900$921,709$573,399$1,785,287
62$3,365,951$896,898$522,634$1,861,888
63$3,637,099$868,667$467,963$1,945,270
64$3,933,631$836,780$409,187$2,036,191
65$4,258,063$800,984$346,098$2,135,490
66$4,613,169$761,016$278,475$2,244,099
67$5,002,000$716,593$206,092$2,363,053
68$5,427,918$667,420$128,710$2,493,499
69$5,894,625$613,183$46,081$2,636,711
70$6,406,197$553,549$0$2,794,097
71$6,967,124$488,169$0$2,976,207
72$7,582,352$416,670$0$3,186,866
73$8,257,328$338,663$0$3,418,212
74$8,998,051$253,733$0$3,672,432
75$9,811,129$161,443$0$3,951,946
76$10,703,843$61,333$0$4,259,429
77$11,684,211$0$0$4,597,836
78$12,761,067$0$0$4,993,233
79$13,944,142$0$0$5,460,398
80$15,244,155$0$0$5,973,887
81$16,672,918$0$0$6,538,382
82$18,243,442$0$0$7,159,043
83$19,970,060$0$0$7,841,554
84$21,868,566$0$0$8,592,179
85$23,956,358$0$0$9,417,817
86$26,252,607$0$0$10,326,071
87$28,778,433$0$0$11,325,318
88$31,557,107$0$0$12,424,786
89$34,614,270$0$0$13,634,645
90$37,978,170$0$0$14,966,100
91$41,679,936$0$0$16,431,495
92$45,753,863$0$0$18,044,435
93$50,237,743$0$0$19,819,908
94$55,173,212$0$0$21,774,430
95$60,606,154$0$0$23,926,199
96$66,587,121$0$0$26,295,268
97$73,171,820$0$0$28,903,732
98$80,421,632$0$0$31,775,940
99$88,404,192$0$0$34,938,721
100$97,194,030$0$0$38,421,636