Can I retire at age 45 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$78,615$77,915$77,232$76,565$75,914$73,046
2 years$38,918$38,194$37,491$36,810$36,149$33,294
3 years$25,688$24,960$24,259$23,585$22,935$20,181
4 years$19,074$18,348$17,655$16,991$16,357$13,726
5 years$15,107$14,385$13,701$13,051$12,434$9,932
6 years$12,463$11,747$11,072$10,437$9,839$7,468
7 years$10,575$9,865$9,201$8,581$8,002$5,761
8 years$9,159$8,456$7,803$7,198$6,638$4,526
9 years$8,059$7,362$6,721$6,131$5,590$3,604
10 years$7,180$6,490$5,859$5,285$4,763$2,899
11 years$6,460$5,777$5,159$4,600$4,097$2,349
12 years$5,862$5,185$4,578$4,035$3,550$1,916
13 years$5,355$4,686$4,090$3,562$3,096$1,570
14 years$4,921$4,260$3,675$3,162$2,714$1,292
15 years$4,546$3,891$3,318$2,820$2,389$1,066
16 years$4,218$3,570$3,008$2,525$2,112$882
17 years$3,928$3,288$2,737$2,269$1,872$731
18 years$3,671$3,038$2,499$2,044$1,665$608
19 years$3,442$2,816$2,288$1,847$1,484$505
20 years$3,236$2,617$2,100$1,673$1,325$421
21 years$3,049$2,437$1,931$1,518$1,186$351
22 years$2,880$2,275$1,780$1,381$1,063$293
23 years$2,725$2,128$1,643$1,257$954$244
24 years$2,584$1,994$1,520$1,147$858$204
25 years$2,454$1,871$1,408$1,047$772$170
26 years$2,335$1,758$1,306$958$695$142
27 years$2,224$1,655$1,212$877$627$119
28 years$2,122$1,559$1,127$803$566$100
29 years$2,027$1,471$1,049$736$511$83
30 years$1,938$1,389$977$676$461$70
31 years$1,855$1,313$911$621$417$58
32 years$1,778$1,243$850$570$377$49
33 years$1,705$1,177$793$525$342$41
34 years$1,637$1,115$741$483$309$34
35 years$1,572$1,058$693$444$280$29
36 years$1,512$1,004$648$409$254$24
37 years$1,455$954$607$377$230$20
38 years$1,401$906$568$348$209$17
39 years$1,350$862$532$320$189$14
40 years$1,302$820$499$296$172$12
41 years$1,256$781$468$273$156$10
42 years$1,212$743$439$252$141$8
43 years$1,171$708$412$232$128$7
44 years$1,131$675$387$214$116$6
45 years$1,094$644$363$198$106$5
46 years$1,058$614$341$183$96$4
47 years$1,023$586$320$169$87$3
48 years$991$559$301$156$79$3
49 years$959$534$283$144$72$2
50 years$929$510$266$133$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $952,000, adding $5,001 every year, while hoping to spend $37,063 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: 49/32/19 Blend
44$952,000$952,000$952,000$952,000
45$1,054,263$1,003,807$989,051$1,100,082
46$1,122,363$1,013,558$982,749$1,142,102
47$1,196,167$1,022,546$974,994$1,183,539
48$1,276,217$1,030,692$965,698$1,227,766
49$1,363,112$1,037,916$954,769$1,275,061
50$1,457,506$1,044,131$942,111$1,325,731
51$1,560,122$1,049,244$927,622$1,380,114
52$1,671,754$1,053,157$911,197$1,438,586
53$1,793,277$1,055,765$892,726$1,501,562
54$1,925,651$1,056,958$872,092$1,569,501
55$2,069,936$1,056,617$849,176$1,642,912
56$2,227,295$1,054,617$823,849$1,722,357
57$2,399,012$1,050,826$795,980$1,808,457
58$2,586,496$1,045,101$765,431$1,901,900
59$2,791,301$1,037,294$732,055$2,003,446
60$3,015,138$1,027,245$695,703$2,113,936
61$3,259,888$1,014,786$656,215$2,234,298
62$3,527,624$999,739$613,426$2,365,560
63$3,820,630$981,914$567,164$2,508,856
64$4,141,417$961,110$517,247$2,665,441
65$4,492,754$937,117$463,487$2,836,702
66$4,877,688$909,709$405,687$3,024,169
67$5,299,576$878,648$343,641$3,229,536
68$5,762,113$843,682$277,134$3,454,672
69$6,269,372$804,546$205,941$3,701,641
70$6,825,836$760,957$129,828$3,972,725
71$7,436,444$712,617$48,550$4,270,443
72$8,106,637$659,211$0$4,597,577
73$8,842,408$600,406$0$4,964,940
74$9,650,357$535,850$0$5,379,189
75$10,537,758$465,170$0$5,834,273
76$11,512,619$387,973$0$6,334,386
77$12,583,767$303,845$0$6,884,152
78$13,760,922$212,345$0$7,488,674
79$15,054,797$113,010$0$8,153,579
80$16,477,189$5,351$0$8,885,074
81$18,041,101$0$0$9,690,005
82$19,760,853$0$0$10,615,060
83$21,652,226$0$0$11,634,619
84$23,732,605$0$0$12,756,182
85$26,021,147$0$0$13,990,092
86$28,538,956$0$0$15,347,743
87$31,309,287$0$0$16,841,690
88$34,357,761$0$0$18,485,767
89$37,712,609$0$0$20,295,216
90$41,404,939$0$0$22,286,832
91$45,469,024$0$0$24,479,120
92$49,942,630$0$0$26,892,470
93$54,867,371$0$0$29,549,352
94$60,289,099$0$0$32,474,522
95$66,258,338$0$0$35,695,260
96$72,830,763$0$0$39,241,625
97$80,067,717$0$0$43,146,742
98$88,036,801$0$0$47,447,109
99$96,812,499$0$0$52,182,943
100$106,476,890$0$0$57,398,565