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%18.8%
1 years$78,450$77,751$77,070$76,404$75,754$73,067
2 years$38,837$38,113$37,412$36,733$36,073$33,394
3 years$25,634$24,908$24,208$23,535$22,887$20,300
4 years$19,034$18,310$17,617$16,956$16,323$13,849
5 years$15,075$14,355$13,672$13,024$12,408$10,053
6 years$12,436$11,722$11,049$10,415$9,818$7,584
7 years$10,552$9,844$9,182$8,563$7,985$5,871
8 years$9,140$8,438$7,787$7,183$6,624$4,629
9 years$8,042$7,347$6,707$6,118$5,579$3,699
10 years$7,165$6,476$5,847$5,274$4,753$2,986
11 years$6,447$5,765$5,148$4,590$4,088$2,430
12 years$5,849$5,175$4,568$4,026$3,543$1,990
13 years$5,344$4,676$4,082$3,554$3,089$1,637
14 years$4,911$4,251$3,667$3,155$2,708$1,353
15 years$4,536$3,883$3,311$2,814$2,384$1,121
16 years$4,209$3,563$3,002$2,520$2,107$932
17 years$3,920$3,281$2,732$2,264$1,868$776
18 years$3,664$3,032$2,494$2,040$1,661$647
19 years$3,435$2,810$2,283$1,843$1,481$541
20 years$3,229$2,611$2,095$1,670$1,323$453
21 years$3,043$2,432$1,927$1,515$1,184$379
22 years$2,874$2,270$1,776$1,378$1,061$318
23 years$2,720$2,123$1,640$1,255$952$266
24 years$2,579$1,989$1,517$1,144$856$224
25 years$2,449$1,867$1,405$1,045$770$188
26 years$2,330$1,755$1,303$956$694$158
27 years$2,220$1,651$1,210$875$626$132
28 years$2,117$1,556$1,125$801$564$111
29 years$2,022$1,468$1,047$735$510$94
30 years$1,934$1,386$975$674$461$79
31 years$1,851$1,311$909$619$416$66
32 years$1,774$1,240$848$569$377$56
33 years$1,701$1,174$792$523$341$47
34 years$1,633$1,113$740$482$309$39
35 years$1,569$1,056$692$443$280$33
36 years$1,509$1,002$647$408$253$28
37 years$1,452$952$606$376$230$23
38 years$1,398$904$567$347$208$20
39 years$1,347$860$531$320$189$17
40 years$1,299$818$498$295$171$14
41 years$1,253$779$467$272$155$12
42 years$1,209$742$438$251$141$10
43 years$1,168$707$411$232$128$8
44 years$1,129$674$386$214$116$7
45 years$1,091$642$362$198$105$6
46 years$1,055$613$340$183$96$5
47 years$1,021$585$320$169$87$4
48 years$989$558$300$156$79$4
49 years$957$533$282$144$72$3
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 $4,236 every year, while hoping to spend $39,499 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: 51/42/7 Blend
44$950,000$950,000$950,000$950,000
45$1,051,269$1,000,919$986,194$1,102,838
46$1,116,472$1,007,938$977,205$1,145,403
47$1,187,002$1,013,976$966,591$1,187,033
48$1,263,360$1,018,945$954,256$1,231,347
49$1,346,098$1,022,749$940,099$1,278,605
50$1,435,823$1,025,286$924,015$1,329,095
51$1,533,201$1,026,449$905,893$1,383,137
52$1,638,965$1,026,123$885,619$1,441,084
53$1,753,923$1,024,186$863,070$1,503,328
54$1,878,961$1,020,510$838,121$1,570,301
55$2,015,057$1,014,957$810,640$1,642,482
56$2,163,285$1,007,381$780,489$1,720,401
57$2,324,827$997,630$747,522$1,804,644
58$2,500,983$985,538$711,588$1,895,861
59$2,693,188$970,933$672,530$1,994,767
60$2,903,015$953,631$630,182$2,102,156
61$3,132,202$933,438$584,372$2,218,906
62$3,382,657$910,148$534,920$2,345,986
63$3,656,485$883,541$481,636$2,484,468
64$3,956,000$853,388$424,324$2,635,539
65$4,283,752$819,444$362,779$2,800,508
66$4,642,548$781,451$296,786$2,980,824
67$5,035,480$739,134$226,120$3,178,088
68$5,465,951$692,204$150,548$3,394,068
69$5,937,712$640,356$69,825$3,630,720
70$6,454,891$583,265$0$3,890,203
71$7,022,035$520,591$0$4,176,123
72$7,644,153$451,970$0$4,495,541
73$8,326,763$377,022$0$4,846,168
74$9,075,940$295,344$0$5,231,242
75$9,898,378$206,508$0$5,654,338
76$10,801,450$110,065$0$6,119,401
77$11,793,280$5,540$0$6,630,786
78$12,882,814$0$0$7,193,301
79$14,079,908$0$0$7,861,967
80$15,395,422$0$0$8,599,699
81$16,841,319$0$0$9,410,657
82$18,430,777$0$0$10,302,248
83$20,178,317$0$0$11,282,629
84$22,099,935$0$0$12,360,791
85$24,213,257$0$0$13,546,635
86$26,537,700$0$0$14,851,075
87$29,094,658$0$0$16,286,132
88$31,907,705$0$0$17,865,053
89$35,002,813$0$0$19,602,433
90$38,408,598$0$0$21,514,352
91$42,156,591$0$0$23,618,529
92$46,281,535$0$0$25,934,489
93$50,821,709$0$0$28,483,743
94$55,819,294$0$0$31,289,995
95$61,320,767$0$0$34,379,364
96$67,377,339$0$0$37,780,628
97$74,045,440$0$0$41,525,500
98$81,387,248$0$0$45,648,924
99$89,471,280$0$0$50,189,403
100$98,373,033$0$0$55,189,366