Can I retire at age 45 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$78,698$77,997$77,313$76,645$75,994$73,094
2 years$38,959$38,234$37,531$36,849$36,187$33,300
3 years$25,715$24,986$24,285$23,609$22,959$20,175
4 years$19,094$18,367$17,673$17,009$16,374$13,715
5 years$15,122$14,400$13,715$13,065$12,448$9,919
6 years$12,476$11,759$11,084$10,448$9,849$7,454
7 years$10,586$9,875$9,211$8,590$8,010$5,747
8 years$9,169$8,465$7,811$7,206$6,645$4,513
9 years$8,068$7,370$6,728$6,138$5,596$3,591
10 years$7,187$6,496$5,866$5,291$4,768$2,886
11 years$6,467$5,783$5,164$4,605$4,101$2,338
12 years$5,868$5,191$4,583$4,039$3,554$1,905
13 years$5,361$4,691$4,095$3,566$3,099$1,560
14 years$4,927$4,264$3,679$3,165$2,716$1,283
15 years$4,551$3,895$3,322$2,823$2,392$1,058
16 years$4,222$3,574$3,012$2,528$2,114$875
17 years$3,933$3,291$2,740$2,271$1,874$725
18 years$3,675$3,041$2,502$2,047$1,667$602
19 years$3,446$2,819$2,290$1,849$1,485$500
20 years$3,239$2,619$2,102$1,675$1,327$416
21 years$3,052$2,440$1,933$1,520$1,187$346
22 years$2,883$2,277$1,782$1,382$1,064$289
23 years$2,728$2,130$1,645$1,259$955$241
24 years$2,587$1,996$1,521$1,148$859$201
25 years$2,457$1,873$1,409$1,048$773$168
26 years$2,337$1,760$1,307$959$696$140
27 years$2,227$1,657$1,214$877$628$117
28 years$2,124$1,561$1,128$804$566$98
29 years$2,029$1,473$1,050$737$511$82
30 years$1,940$1,391$978$677$462$68
31 years$1,857$1,315$912$621$418$57
32 years$1,779$1,244$851$571$378$48
33 years$1,707$1,178$794$525$342$40
34 years$1,638$1,117$742$483$310$33
35 years$1,574$1,059$694$445$280$28
36 years$1,514$1,005$649$410$254$23
37 years$1,456$955$607$377$230$20
38 years$1,402$907$569$348$209$16
39 years$1,351$863$533$321$189$14
40 years$1,303$821$500$296$172$11
41 years$1,257$781$468$273$156$10
42 years$1,213$744$439$252$141$8
43 years$1,172$709$412$233$128$7
44 years$1,132$676$387$215$116$6
45 years$1,095$644$363$198$106$5
46 years$1,059$615$341$183$96$4
47 years$1,024$587$321$169$87$3
48 years$992$560$301$156$79$3
49 years$960$535$283$145$72$2
50 years$930$511$266$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $953,000, adding $2,550 every year, while hoping to spend $45,702 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: 27/46/27 Blend
44$953,000$953,000$953,000$953,000
45$1,052,836$1,002,327$987,556$1,072,341
46$1,111,599$1,002,815$972,012$1,088,754
47$1,174,824$1,001,794$954,416$1,102,254
48$1,242,918$999,144$934,651$1,115,813
49$1,316,327$994,734$912,594$1,129,469
50$1,395,543$988,427$888,117$1,143,265
51$1,481,106$980,077$861,085$1,157,253
52$1,573,606$969,528$831,360$1,171,497
53$1,673,697$956,618$798,794$1,186,070
54$1,782,095$941,173$763,233$1,201,059
55$1,899,585$923,007$724,518$1,216,564
56$2,027,035$901,926$682,482$1,232,703
57$2,165,396$877,724$636,948$1,249,610
58$2,315,715$850,181$587,735$1,267,440
59$2,479,144$819,067$534,650$1,286,371
60$2,656,951$784,135$477,495$1,306,607
61$2,850,529$745,127$416,061$1,328,378
62$3,061,414$701,769$350,129$1,351,949
63$3,291,293$653,770$279,473$1,377,618
64$3,542,024$600,824$203,855$1,405,725
65$3,815,653$542,607$123,026$1,436,652
66$4,114,431$478,776$36,729$1,470,831
67$4,440,836$408,969$0$1,508,751
68$4,797,596$332,804$0$1,566,911
69$5,187,715$249,876$0$1,642,304
70$5,614,501$159,759$0$1,725,117
71$6,081,595$62,001$0$1,816,216
72$6,593,006$0$0$1,916,561
73$7,153,150$0$0$2,049,432
74$7,766,891$0$0$2,229,559
75$8,439,582$0$0$2,427,147
76$9,177,123$0$0$2,643,950
77$9,986,010$0$0$2,881,898
78$10,873,396$0$0$3,143,117
79$11,847,164$0$0$3,429,949
80$12,915,993$0$0$3,744,974
81$14,089,446$0$0$4,091,035
82$15,378,056$0$0$4,471,262
83$16,793,426$0$0$4,889,105
84$18,348,338$0$0$5,348,364
85$20,056,874$0$0$5,853,225
86$21,934,546$0$0$6,408,301
87$23,998,444$0$0$7,018,673
88$26,267,398$0$0$7,689,940
89$28,762,149$0$0$8,428,270
90$31,505,553$0$0$9,240,459
91$34,522,788$0$0$10,133,996
92$37,841,597$0$0$11,117,130
93$41,492,545$0$0$12,198,952
94$45,509,310$0$0$13,389,477
95$49,928,997$0$0$14,699,743
96$54,792,491$0$0$16,141,909
97$60,144,839$0$0$17,729,374
98$66,035,678$0$0$19,476,901
99$72,519,699$0$0$21,400,759
100$79,657,163$0$0$23,518,873