Can I retire at age 45 with 951,000?

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 $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$78,533$77,833$77,151$76,485$75,834$74,031
2 years$38,878$38,154$37,452$36,771$36,111$34,305
3 years$25,661$24,934$24,234$23,560$22,911$21,158
4 years$19,054$18,329$17,636$16,974$16,340$14,654
5 years$15,091$14,370$13,686$13,037$12,421$10,807
6 years$12,449$11,734$11,061$10,426$9,829$8,288
7 years$10,564$9,854$9,191$8,572$7,993$6,526
8 years$9,150$8,447$7,795$7,191$6,631$5,237
9 years$8,051$7,355$6,714$6,125$5,584$4,262
10 years$7,172$6,483$5,853$5,280$4,758$3,506
11 years$6,454$5,771$5,153$4,595$4,092$2,909
12 years$5,855$5,180$4,573$4,030$3,546$2,430
13 years$5,350$4,681$4,086$3,558$3,092$2,040
14 years$4,916$4,255$3,671$3,159$2,711$1,721
15 years$4,541$3,887$3,315$2,817$2,387$1,457
16 years$4,213$3,566$3,005$2,522$2,109$1,237
17 years$3,924$3,284$2,735$2,266$1,870$1,053
18 years$3,668$3,035$2,496$2,042$1,663$898
19 years$3,438$2,813$2,285$1,845$1,482$768
20 years$3,232$2,614$2,097$1,671$1,324$657
21 years$3,046$2,435$1,929$1,517$1,185$563
22 years$2,877$2,273$1,778$1,379$1,062$483
23 years$2,723$2,126$1,642$1,256$953$415
24 years$2,581$1,992$1,518$1,146$857$357
25 years$2,452$1,869$1,406$1,046$771$307
26 years$2,332$1,756$1,304$957$695$264
27 years$2,222$1,653$1,211$876$626$227
28 years$2,120$1,558$1,126$802$565$196
29 years$2,024$1,469$1,048$736$510$169
30 years$1,936$1,388$976$675$461$145
31 years$1,853$1,312$910$620$417$125
32 years$1,776$1,241$849$570$377$108
33 years$1,703$1,176$793$524$341$93
34 years$1,635$1,114$741$482$309$80
35 years$1,571$1,057$692$444$280$69
36 years$1,510$1,003$648$409$254$60
37 years$1,453$953$606$377$230$52
38 years$1,399$905$568$347$208$45
39 years$1,348$861$532$320$189$38
40 years$1,300$819$499$295$171$33
41 years$1,254$780$467$272$155$29
42 years$1,211$743$438$251$141$25
43 years$1,169$707$411$232$128$21
44 years$1,130$674$386$214$116$18
45 years$1,092$643$363$198$105$16
46 years$1,057$613$341$183$96$14
47 years$1,022$585$320$169$87$12
48 years$990$559$301$156$79$10
49 years$958$534$283$144$72$9
50 years$929$510$266$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $951,000, adding $5,939 every year, while hoping to spend $43,403 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: 41/50/9 Blend
44$951,000$951,000$951,000$951,000
45$1,054,128$1,003,725$988,985$1,094,296
46$1,115,469$1,006,727$975,935$1,125,998
47$1,181,611$1,008,422$960,994$1,155,482
48$1,253,000$1,008,699$944,051$1,186,411
49$1,330,123$1,007,441$924,994$1,218,931
50$1,413,515$1,004,526$903,701$1,253,211
51$1,503,767$999,821$880,048$1,289,435
52$1,601,526$993,187$853,904$1,327,811
53$1,707,504$984,475$825,133$1,368,570
54$1,822,484$973,530$793,589$1,411,970
55$1,947,328$960,183$759,125$1,458,301
56$2,082,983$944,260$721,584$1,507,882
57$2,230,491$925,572$680,801$1,561,072
58$2,390,999$903,923$636,605$1,618,268
59$2,565,768$879,103$588,819$1,679,916
60$2,756,187$850,889$537,254$1,746,507
61$2,963,783$819,047$481,717$1,818,592
62$3,190,237$783,329$422,003$1,896,780
63$3,437,400$743,471$357,899$1,981,751
64$3,707,309$699,195$289,182$2,074,258
65$4,002,206$650,208$215,622$2,175,139
66$4,324,561$596,197$136,975$2,285,323
67$4,677,091$536,836$52,989$2,405,844
68$5,062,789$471,776$0$2,537,846
69$5,484,950$400,649$0$2,686,119
70$5,947,203$323,069$0$2,854,213
71$6,453,543$238,625$0$3,038,624
72$7,008,372$146,885$0$3,241,115
73$7,616,535$47,392$0$3,463,633
74$8,283,370$0$0$3,708,339
75$9,014,755$0$0$4,010,818
76$9,817,166$0$0$4,371,403
77$10,697,735$0$0$4,767,240
78$11,664,316$0$0$5,201,875
79$12,725,565$0$0$5,679,217
80$13,891,012$0$0$6,203,571
81$15,171,160$0$0$6,779,678
82$16,577,576$0$0$7,412,764
83$18,123,003$0$0$8,108,583
84$19,821,481$0$0$8,873,477
85$21,688,477$0$0$9,714,432
86$23,741,030$0$0$10,639,143
87$25,997,913$0$0$11,656,091
88$28,479,811$0$0$12,774,618
89$31,209,511$0$0$14,005,018
90$34,212,121$0$0$15,358,631
91$37,515,302$0$0$16,847,953
92$41,149,535$0$0$18,486,752
93$45,148,401$0$0$20,290,199
94$49,548,902$0$0$22,275,008
95$54,391,808$0$0$24,459,596
96$59,722,042$0$0$26,864,257
97$65,589,101$0$0$29,511,352
98$72,047,525$0$0$32,425,519
99$79,157,411$0$0$35,633,908
100$86,984,979$0$0$39,166,433