Can I retire at age 45 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$78,780$78,079$77,394$76,726$76,073$74,507
2 years$39,000$38,274$37,570$36,887$36,225$34,654
3 years$25,742$25,012$24,310$23,634$22,983$21,456
4 years$19,114$18,387$17,692$17,027$16,392$14,921
5 years$15,138$14,415$13,729$13,078$12,461$11,051
6 years$12,489$11,771$11,095$10,459$9,860$8,511
7 years$10,597$9,886$9,220$8,599$8,019$6,732
8 years$9,179$8,474$7,820$7,213$6,652$5,428
9 years$8,076$7,378$6,735$6,144$5,602$4,439
10 years$7,195$6,503$5,872$5,296$4,773$3,670
11 years$6,474$5,789$5,169$4,609$4,105$3,060
12 years$5,874$5,196$4,588$4,043$3,557$2,569
13 years$5,366$4,696$4,099$3,569$3,102$2,169
14 years$4,932$4,268$3,683$3,169$2,719$1,839
15 years$4,556$3,899$3,325$2,826$2,394$1,566
16 years$4,227$3,578$3,015$2,530$2,116$1,337
17 years$3,937$3,295$2,743$2,273$1,876$1,145
18 years$3,679$3,045$2,504$2,049$1,668$982
19 years$3,449$2,822$2,292$1,851$1,487$845
20 years$3,242$2,622$2,104$1,677$1,328$727
21 years$3,055$2,442$1,935$1,522$1,189$627
22 years$2,886$2,280$1,784$1,384$1,065$541
23 years$2,731$2,132$1,647$1,260$956$468
24 years$2,590$1,998$1,523$1,149$860$405
25 years$2,460$1,875$1,411$1,050$774$350
26 years$2,340$1,762$1,308$960$697$303
27 years$2,229$1,658$1,215$878$628$263
28 years$2,126$1,563$1,129$805$567$228
29 years$2,031$1,474$1,051$738$512$198
30 years$1,942$1,392$979$677$462$171
31 years$1,859$1,316$913$622$418$149
32 years$1,781$1,245$852$572$378$129
33 years$1,708$1,179$795$526$342$112
34 years$1,640$1,118$743$484$310$97
35 years$1,576$1,060$695$445$281$85
36 years$1,515$1,006$650$410$254$73
37 years$1,458$956$608$378$230$64
38 years$1,404$908$569$348$209$55
39 years$1,353$864$534$321$189$48
40 years$1,304$822$500$296$172$42
41 years$1,258$782$469$273$156$36
42 years$1,215$745$440$252$141$32
43 years$1,173$710$413$233$128$28
44 years$1,133$677$387$215$117$24
45 years$1,096$645$364$199$106$21
46 years$1,060$615$342$183$96$18
47 years$1,026$587$321$169$87$16
48 years$993$561$302$157$79$14
49 years$961$535$284$145$72$12
50 years$931$511$267$134$65$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $954,000, adding $3,088 every year, while hoping to spend $22,835 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: 58/26/16 Blend
44$954,000$954,000$954,000$954,000
45$1,054,493$1,003,931$989,144$1,111,121
46$1,137,755$1,028,828$997,984$1,174,714
47$1,228,745$1,054,179$1,006,355$1,241,228
48$1,328,226$1,079,982$1,014,217$1,313,211
49$1,437,039$1,106,236$1,021,528$1,391,193
50$1,556,112$1,132,936$1,028,244$1,475,757
51$1,686,464$1,160,079$1,034,318$1,567,547
52$1,829,218$1,187,657$1,039,703$1,667,271
53$1,985,611$1,215,665$1,044,345$1,775,709
54$2,157,005$1,244,094$1,048,193$1,893,720
55$2,344,900$1,272,936$1,051,188$2,022,253
56$2,550,949$1,302,179$1,053,272$2,162,350
57$2,776,972$1,331,811$1,054,382$2,315,160
58$3,024,972$1,361,819$1,054,453$2,481,951
59$3,297,158$1,392,187$1,053,416$2,664,118
60$3,595,961$1,422,897$1,051,199$2,863,199
61$3,924,061$1,453,931$1,047,726$3,080,889
62$4,284,408$1,485,267$1,042,918$3,319,054
63$4,680,254$1,516,881$1,036,692$3,579,753
64$5,115,179$1,548,748$1,028,960$3,865,253
65$5,593,130$1,580,838$1,019,632$4,178,053
66$6,118,451$1,613,122$1,008,612$4,520,907
67$6,695,932$1,645,564$995,800$4,896,849
68$7,330,849$1,678,128$981,091$5,309,225
69$8,029,012$1,710,773$964,374$5,761,720
70$8,796,827$1,743,456$945,536$6,258,395
71$9,641,347$1,776,130$924,456$6,803,729
72$10,570,347$1,808,743$901,008$7,402,654
73$11,592,391$1,841,239$875,059$8,060,609
74$12,716,915$1,873,560$846,474$8,783,584
75$13,954,316$1,905,641$815,107$9,578,186
76$15,316,051$1,937,412$780,808$10,451,691
77$16,814,743$1,968,800$743,420$11,412,123
78$18,464,299$1,999,724$702,777$12,468,322
79$20,280,046$2,030,098$658,708$13,630,031
80$22,278,869$2,059,831$611,033$14,907,989
81$24,479,375$2,088,824$559,564$16,314,030
82$26,902,066$2,116,972$504,104$17,861,199
83$29,569,535$2,144,161$444,449$19,563,870
84$32,506,674$2,170,271$380,385$21,437,886
85$35,740,914$2,195,174$311,688$23,500,707
86$39,302,482$2,218,732$238,124$25,771,578
87$43,224,683$2,240,798$159,449$28,271,705
88$47,544,219$2,261,216$75,409$31,024,463
89$52,301,533$2,279,819$0$34,055,610
90$57,541,188$2,296,429$0$37,395,975
91$63,312,292$2,310,857$0$41,088,306
92$69,668,959$2,322,902$0$45,154,246
93$76,670,819$2,332,350$0$49,631,850
94$84,383,580$2,338,973$0$54,563,056
95$92,879,652$2,342,529$0$59,994,076
96$102,238,825$2,342,762$0$65,975,840
97$112,549,025$2,339,397$0$72,564,472
98$123,907,144$2,332,145$0$79,821,822
99$136,419,951$2,320,699$0$87,816,048
100$150,205,105$2,304,732$0$96,622,263