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%13.7%
1 years$78,450$77,751$77,070$76,404$75,754$74,591
2 years$38,837$38,113$37,412$36,733$36,073$34,905
3 years$25,634$24,908$24,208$23,535$22,887$21,748
4 years$19,034$18,310$17,617$16,956$16,323$15,224
5 years$15,075$14,355$13,672$13,024$12,408$11,352
6 years$12,436$11,722$11,049$10,415$9,818$8,805
7 years$10,552$9,844$9,182$8,563$7,985$7,016
8 years$9,140$8,438$7,787$7,183$6,624$5,699
9 years$8,042$7,347$6,707$6,118$5,579$4,697
10 years$7,165$6,476$5,847$5,274$4,753$3,914
11 years$6,447$5,765$5,148$4,590$4,088$3,291
12 years$5,849$5,175$4,568$4,026$3,543$2,786
13 years$5,344$4,676$4,082$3,554$3,089$2,372
14 years$4,911$4,251$3,667$3,155$2,708$2,030
15 years$4,536$3,883$3,311$2,814$2,384$1,743
16 years$4,209$3,563$3,002$2,520$2,107$1,503
17 years$3,920$3,281$2,732$2,264$1,868$1,298
18 years$3,664$3,032$2,494$2,040$1,661$1,125
19 years$3,435$2,810$2,283$1,843$1,481$976
20 years$3,229$2,611$2,095$1,670$1,323$849
21 years$3,043$2,432$1,927$1,515$1,184$739
22 years$2,874$2,270$1,776$1,378$1,061$645
23 years$2,720$2,123$1,640$1,255$952$563
24 years$2,579$1,989$1,517$1,144$856$492
25 years$2,449$1,867$1,405$1,045$770$430
26 years$2,330$1,755$1,303$956$694$376
27 years$2,220$1,651$1,210$875$626$329
28 years$2,117$1,556$1,125$801$564$289
29 years$2,022$1,468$1,047$735$510$253
30 years$1,934$1,386$975$674$461$222
31 years$1,851$1,311$909$619$416$195
32 years$1,774$1,240$848$569$377$171
33 years$1,701$1,174$792$523$341$150
34 years$1,633$1,113$740$482$309$132
35 years$1,569$1,056$692$443$280$116
36 years$1,509$1,002$647$408$253$101
37 years$1,452$952$606$376$230$89
38 years$1,398$904$567$347$208$78
39 years$1,347$860$531$320$189$69
40 years$1,299$818$498$295$171$60
41 years$1,253$779$467$272$155$53
42 years$1,209$742$438$251$141$47
43 years$1,168$707$411$232$128$41
44 years$1,129$674$386$214$116$36
45 years$1,091$642$362$198$105$32
46 years$1,055$613$340$183$96$28
47 years$1,021$585$320$169$87$25
48 years$989$558$300$156$79$22
49 years$957$533$282$144$72$19
50 years$928$509$265$133$65$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $950,000, adding $2,487 every year, while hoping to spend $51,323 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: 37/38/25 Blend
44$950,000$950,000$950,000$950,000
45$1,049,465$999,115$984,390$1,080,352
46$1,101,904$993,465$962,760$1,097,593
47$1,157,970$985,817$938,685$1,111,296
48$1,217,982$976,020$912,029$1,125,088
49$1,282,284$963,913$882,651$1,139,008
50$1,351,257$949,325$850,400$1,153,105
51$1,425,318$932,075$815,121$1,167,438
52$1,504,925$911,971$776,652$1,182,073
53$1,590,579$888,810$734,822$1,197,092
54$1,682,833$862,377$689,453$1,212,587
55$1,782,293$832,444$640,361$1,228,667
56$1,889,624$798,770$587,349$1,245,458
57$2,005,556$761,101$530,217$1,263,103
58$2,130,894$719,167$468,750$1,281,767
59$2,266,522$672,682$402,729$1,301,641
60$2,413,408$621,344$331,922$1,322,941
61$2,572,622$564,836$256,088$1,345,912
62$2,745,336$502,821$174,974$1,370,833
63$2,932,843$434,940$88,317$1,398,021
64$3,136,560$360,820$0$1,427,835
65$3,358,050$280,061$0$1,461,788
66$3,599,032$192,245$0$1,524,440
67$3,861,395$96,927$0$1,592,801
68$4,147,220$0$0$1,667,532
69$4,458,796$0$0$1,752,028
70$4,798,643$0$0$1,888,518
71$5,169,532$0$0$2,037,600
72$5,574,518$0$0$2,200,517
73$6,016,959$0$0$2,378,636
74$6,500,556$0$0$2,573,464
75$7,029,380$0$0$2,786,659
76$7,607,915$0$0$3,020,046
77$8,241,100$0$0$3,275,638
78$8,934,371$0$0$3,555,648
79$9,693,715$0$0$3,862,514
80$10,525,725$0$0$4,198,923
81$11,437,662$0$0$4,567,832
82$12,437,524$0$0$4,972,499
83$13,534,119$0$0$5,416,513
84$14,737,147$0$0$5,903,826
85$16,057,294$0$0$6,438,792
86$17,506,330$0$0$7,026,208
87$19,097,220$0$0$7,671,355
88$20,844,247$0$0$8,380,054
89$22,763,142$0$0$9,158,717
90$24,871,237$0$0$10,014,405
91$27,187,625$0$0$10,954,902
92$29,733,339$0$0$11,988,778
93$32,531,552$0$0$13,125,479
94$35,607,794$0$0$14,375,409
95$38,990,190$0$0$15,750,033
96$42,709,728$0$0$17,261,980
97$46,800,549$0$0$18,925,168
98$51,300,268$0$0$20,754,929
99$56,250,329$0$0$22,768,157
100$61,696,396$0$0$24,983,464