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%15.3%
1 years$78,780$78,079$77,394$76,726$76,073$74,416
2 years$39,000$38,274$37,570$36,887$36,225$34,564
3 years$25,742$25,012$24,310$23,634$22,983$21,369
4 years$19,114$18,387$17,692$17,027$16,392$14,838
5 years$15,138$14,415$13,729$13,078$12,461$10,972
6 years$12,489$11,771$11,095$10,459$9,860$8,437
7 years$10,597$9,886$9,220$8,599$8,019$6,662
8 years$9,179$8,474$7,820$7,213$6,652$5,362
9 years$8,076$7,378$6,735$6,144$5,602$4,377
10 years$7,195$6,503$5,872$5,296$4,773$3,612
11 years$6,474$5,789$5,169$4,609$4,105$3,006
12 years$5,874$5,196$4,588$4,043$3,557$2,519
13 years$5,366$4,696$4,099$3,569$3,102$2,122
14 years$4,932$4,268$3,683$3,169$2,719$1,796
15 years$4,556$3,899$3,325$2,826$2,394$1,526
16 years$4,227$3,578$3,015$2,530$2,116$1,300
17 years$3,937$3,295$2,743$2,273$1,876$1,111
18 years$3,679$3,045$2,504$2,049$1,668$951
19 years$3,449$2,822$2,292$1,851$1,487$816
20 years$3,242$2,622$2,104$1,677$1,328$701
21 years$3,055$2,442$1,935$1,522$1,189$603
22 years$2,886$2,280$1,784$1,384$1,065$519
23 years$2,731$2,132$1,647$1,260$956$448
24 years$2,590$1,998$1,523$1,149$860$386
25 years$2,460$1,875$1,411$1,050$774$334
26 years$2,340$1,762$1,308$960$697$288
27 years$2,229$1,658$1,215$878$628$249
28 years$2,126$1,563$1,129$805$567$215
29 years$2,031$1,474$1,051$738$512$186
30 years$1,942$1,392$979$677$462$161
31 years$1,859$1,316$913$622$418$140
32 years$1,781$1,245$852$572$378$121
33 years$1,708$1,179$795$526$342$105
34 years$1,640$1,118$743$484$310$91
35 years$1,576$1,060$695$445$281$79
36 years$1,515$1,006$650$410$254$68
37 years$1,458$956$608$378$230$59
38 years$1,404$908$569$348$209$51
39 years$1,353$864$534$321$189$44
40 years$1,304$822$500$296$172$38
41 years$1,258$782$469$273$156$33
42 years$1,215$745$440$252$141$29
43 years$1,173$710$413$233$128$25
44 years$1,133$677$387$215$117$22
45 years$1,096$645$364$199$106$19
46 years$1,060$615$342$183$96$16
47 years$1,026$587$321$169$87$14
48 years$993$561$302$157$79$12
49 years$961$535$284$145$72$11
50 years$931$511$267$134$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $954,000, adding $4,805 every year, while hoping to spend $48,689 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: 65/19/16 Blend
44$954,000$954,000$954,000$954,000
45$1,056,264$1,005,702$990,915$1,120,505
46$1,112,199$1,003,177$972,306$1,161,586
47$1,172,206$998,896$951,442$1,200,399
48$1,236,652$992,722$928,195$1,241,622
49$1,305,934$984,510$902,434$1,285,493
50$1,380,492$974,103$874,018$1,332,271
51$1,460,808$961,340$842,804$1,382,246
52$1,547,410$946,046$808,637$1,435,735
53$1,640,880$928,036$771,361$1,493,094
54$1,741,857$907,117$730,809$1,554,712
55$1,851,042$883,081$686,806$1,621,024
56$1,969,206$855,710$639,172$1,692,508
57$2,097,199$824,773$587,718$1,769,694
58$2,235,951$790,025$532,244$1,853,169
59$2,386,488$751,206$472,544$1,943,581
60$2,549,937$708,043$408,402$2,041,649
61$2,727,540$660,246$339,593$2,148,165
62$2,920,659$607,508$265,879$2,264,006
63$3,130,796$549,506$187,016$2,390,143
64$3,359,602$485,897$102,746$2,527,648
65$3,608,895$416,320$12,802$2,677,707
66$3,880,674$340,391$0$2,841,629
67$4,177,140$257,707$0$3,035,064
68$4,500,716$167,842$0$3,248,666
69$4,854,068$70,346$0$3,482,068
70$5,240,132$0$0$3,737,276
71$5,662,139$0$0$4,023,877
72$6,123,647$0$0$4,353,451
73$6,628,574$0$0$4,714,093
74$7,181,234$0$0$5,108,894
75$7,786,376$0$0$5,541,254
76$8,449,232$0$0$6,014,919
77$9,175,561$0$0$6,534,015
78$9,971,708$0$0$7,103,084
79$10,844,659$0$0$7,727,130
80$11,802,110$0$0$8,411,664
81$12,852,537$0$0$9,162,756
82$14,005,275$0$0$9,987,092
83$15,270,609$0$0$10,892,036
84$16,659,866$0$0$11,885,703
85$18,185,525$0$0$12,977,028
86$19,861,331$0$0$14,175,855
87$21,702,426$0$0$15,493,032
88$23,725,494$0$0$16,940,504
89$25,948,911$0$0$18,531,434
90$28,392,925$0$0$20,280,325
91$31,079,840$0$0$22,203,150
92$34,034,232$0$0$24,317,512
93$37,283,176$0$0$26,642,802
94$40,856,502$0$0$29,200,387
95$44,787,076$0$0$32,013,806
96$49,111,110$0$0$35,108,995
97$53,868,501$0$0$38,514,532
98$59,103,211$0$0$42,261,902
99$64,863,674$0$0$46,385,800
100$71,203,261$0$0$50,924,450