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%12.7%
1 years$78,698$77,997$77,313$76,645$75,994$75,137
2 years$38,959$38,234$37,531$36,849$36,187$35,326
3 years$25,715$24,986$24,285$23,609$22,959$22,118
4 years$19,094$18,367$17,673$17,009$16,374$15,561
5 years$15,122$14,400$13,715$13,065$12,448$11,664
6 years$12,476$11,759$11,084$10,448$9,849$9,097
7 years$10,586$9,875$9,211$8,590$8,010$7,289
8 years$9,169$8,465$7,811$7,206$6,645$5,955
9 years$8,068$7,370$6,728$6,138$5,596$4,937
10 years$7,187$6,496$5,866$5,291$4,768$4,139
11 years$6,467$5,783$5,164$4,605$4,101$3,501
12 years$5,868$5,191$4,583$4,039$3,554$2,983
13 years$5,361$4,691$4,095$3,566$3,099$2,557
14 years$4,927$4,264$3,679$3,165$2,716$2,203
15 years$4,551$3,895$3,322$2,823$2,392$1,905
16 years$4,222$3,574$3,012$2,528$2,114$1,653
17 years$3,933$3,291$2,740$2,271$1,874$1,439
18 years$3,675$3,041$2,502$2,047$1,667$1,255
19 years$3,446$2,819$2,290$1,849$1,485$1,097
20 years$3,239$2,619$2,102$1,675$1,327$961
21 years$3,052$2,440$1,933$1,520$1,187$843
22 years$2,883$2,277$1,782$1,382$1,064$741
23 years$2,728$2,130$1,645$1,259$955$652
24 years$2,587$1,996$1,521$1,148$859$574
25 years$2,457$1,873$1,409$1,048$773$506
26 years$2,337$1,760$1,307$959$696$446
27 years$2,227$1,657$1,214$877$628$394
28 years$2,124$1,561$1,128$804$566$348
29 years$2,029$1,473$1,050$737$511$307
30 years$1,940$1,391$978$677$462$272
31 years$1,857$1,315$912$621$418$240
32 years$1,779$1,244$851$571$378$213
33 years$1,707$1,178$794$525$342$188
34 years$1,638$1,117$742$483$310$167
35 years$1,574$1,059$694$445$280$148
36 years$1,514$1,005$649$410$254$131
37 years$1,456$955$607$377$230$116
38 years$1,402$907$569$348$209$103
39 years$1,351$863$533$321$189$91
40 years$1,303$821$500$296$172$81
41 years$1,257$781$468$273$156$71
42 years$1,213$744$439$252$141$63
43 years$1,172$709$412$233$128$56
44 years$1,132$676$387$215$116$50
45 years$1,095$644$363$198$106$44
46 years$1,059$615$341$183$96$39
47 years$1,024$587$321$169$87$35
48 years$992$560$301$156$79$31
49 years$960$535$283$145$72$27
50 years$930$511$266$134$65$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $953,000, adding $5,913 every year, while hoping to spend $50,494 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: 81/14/5 Blend
44$953,000$953,000$953,000$953,000
45$1,056,305$1,005,796$991,025$1,141,246
46$1,110,323$1,001,355$970,499$1,193,204
47$1,168,159$995,004$947,593$1,242,866
48$1,230,148$986,596$922,174$1,295,810
49$1,296,659$975,975$894,103$1,352,333
50$1,368,097$962,977$863,234$1,412,765
51$1,444,905$947,426$829,416$1,477,469
52$1,527,572$929,136$792,488$1,546,845
53$1,616,633$907,912$752,284$1,621,334
54$1,712,675$883,545$708,631$1,701,421
55$1,816,345$855,815$661,347$1,787,640
56$1,928,351$824,490$610,242$1,880,582
57$2,049,475$789,321$555,116$1,980,896
58$2,180,572$750,050$495,764$2,089,299
59$2,322,587$706,398$431,968$2,206,580
60$2,476,554$658,074$363,502$2,333,610
61$2,643,613$604,771$290,130$2,471,349
62$2,825,017$546,160$211,605$2,620,855
63$3,022,145$481,898$127,670$2,783,293
64$3,236,513$411,620$38,056$2,959,952
65$3,469,788$334,941$0$3,152,248
66$3,723,807$251,454$0$3,364,817
67$4,000,590$160,729$0$3,598,679
68$4,302,357$62,312$0$3,853,718
69$4,631,558$0$0$4,132,047
70$4,990,882$0$0$4,442,817
71$5,383,296$0$0$4,792,711
72$5,812,061$0$0$5,175,041
73$6,280,769$0$0$5,593,012
74$6,793,376$0$0$6,050,156
75$7,354,236$0$0$6,550,357
76$7,968,144$0$0$7,097,897
77$8,640,379$0$0$7,697,486
78$9,376,756$0$0$8,354,316
79$10,183,677$0$0$9,074,100
80$11,068,196$0$0$9,863,133
81$12,038,077$0$0$10,728,347
82$13,101,875$0$0$11,677,376
83$14,269,012$0$0$12,718,631
84$15,549,865$0$0$13,861,374
85$16,955,866$0$0$15,115,808
86$18,499,606$0$0$16,493,172
87$20,194,957$0$0$18,005,847
88$22,057,197$0$0$19,667,472
89$24,103,161$0$0$21,493,072
90$26,351,390$0$0$23,499,197
91$28,822,315$0$0$25,704,082
92$31,538,441$0$0$28,127,817
93$34,524,564$0$0$30,792,533
94$37,808,001$0$0$33,722,614
95$41,418,850$0$0$36,944,925
96$45,390,270$0$0$40,489,063
97$49,758,796$0$0$44,387,640
98$54,564,681$0$0$48,676,585
99$59,852,277$0$0$53,395,487
100$65,670,450$0$0$58,587,965