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%14.2%
1 years$78,780$78,079$77,394$76,726$76,073$74,752
2 years$39,000$38,274$37,570$36,887$36,225$34,898
3 years$25,742$25,012$24,310$23,634$22,983$21,691
4 years$19,114$18,387$17,692$17,027$16,392$15,146
5 years$15,138$14,415$13,729$13,078$12,461$11,264
6 years$12,489$11,771$11,095$10,459$9,860$8,714
7 years$10,597$9,886$9,220$8,599$8,019$6,923
8 years$9,179$8,474$7,820$7,213$6,652$5,608
9 years$8,076$7,378$6,735$6,144$5,602$4,608
10 years$7,195$6,503$5,872$5,296$4,773$3,828
11 years$6,474$5,789$5,169$4,609$4,105$3,208
12 years$5,874$5,196$4,588$4,043$3,557$2,708
13 years$5,366$4,696$4,099$3,569$3,102$2,298
14 years$4,932$4,268$3,683$3,169$2,719$1,960
15 years$4,556$3,899$3,325$2,826$2,394$1,677
16 years$4,227$3,578$3,015$2,530$2,116$1,441
17 years$3,937$3,295$2,743$2,273$1,876$1,240
18 years$3,679$3,045$2,504$2,049$1,668$1,071
19 years$3,449$2,822$2,292$1,851$1,487$926
20 years$3,242$2,622$2,104$1,677$1,328$802
21 years$3,055$2,442$1,935$1,522$1,189$696
22 years$2,886$2,280$1,784$1,384$1,065$604
23 years$2,731$2,132$1,647$1,260$956$526
24 years$2,590$1,998$1,523$1,149$860$457
25 years$2,460$1,875$1,411$1,050$774$398
26 years$2,340$1,762$1,308$960$697$347
27 years$2,229$1,658$1,215$878$628$303
28 years$2,126$1,563$1,129$805$567$264
29 years$2,031$1,474$1,051$738$512$231
30 years$1,942$1,392$979$677$462$201
31 years$1,859$1,316$913$622$418$176
32 years$1,781$1,245$852$572$378$154
33 years$1,708$1,179$795$526$342$134
34 years$1,640$1,118$743$484$310$118
35 years$1,576$1,060$695$445$281$103
36 years$1,515$1,006$650$410$254$90
37 years$1,458$956$608$378$230$79
38 years$1,404$908$569$348$209$69
39 years$1,353$864$534$321$189$60
40 years$1,304$822$500$296$172$53
41 years$1,258$782$469$273$156$46
42 years$1,215$745$440$252$141$40
43 years$1,173$710$413$233$128$35
44 years$1,133$677$387$215$117$31
45 years$1,096$645$364$199$106$27
46 years$1,060$615$342$183$96$24
47 years$1,026$587$321$169$87$21
48 years$993$561$302$157$79$18
49 years$961$535$284$145$72$16
50 years$931$511$267$134$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $954,000, adding $3,420 every year, while hoping to spend $47,646 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: 51/25/24 Blend
44$954,000$954,000$954,000$954,000
45$1,054,836$1,004,274$989,487$1,101,387
46$1,111,734$1,002,788$971,940$1,132,544
47$1,172,839$999,633$952,208$1,161,280
48$1,238,530$994,676$930,168$1,191,551
49$1,309,221$987,777$905,690$1,223,524
50$1,385,371$978,787$878,640$1,257,381
51$1,467,481$967,549$848,876$1,293,329
52$1,556,100$953,896$816,250$1,331,597
53$1,651,836$937,650$780,607$1,372,440
54$1,755,352$918,624$741,787$1,416,143
55$1,867,380$896,619$699,619$1,463,023
56$1,988,725$871,425$653,928$1,513,433
57$2,120,269$842,819$604,529$1,567,766
58$2,262,984$810,564$551,228$1,626,458
59$2,417,939$774,413$493,825$1,689,994
60$2,586,310$734,100$432,109$1,758,915
61$2,769,389$689,347$365,861$1,833,819
62$2,968,600$639,858$294,850$1,915,371
63$3,185,507$585,321$218,838$2,004,311
64$3,421,834$525,407$137,573$2,101,457
65$3,679,475$459,765$50,796$2,207,719
66$3,960,516$388,029$0$2,324,106
67$4,267,255$309,808$0$2,462,443
68$4,602,218$224,692$0$2,627,839
69$4,968,188$132,246$0$2,808,722
70$5,368,228$32,010$0$3,006,693
71$5,805,710$0$0$3,223,520
72$6,284,348$0$0$3,482,199
73$6,808,231$0$0$3,775,065
74$7,381,861$0$0$4,095,841
75$8,010,195$0$0$4,447,310
76$8,698,693$0$0$4,832,541
77$9,453,370$0$0$5,254,911
78$10,280,847$0$0$5,718,141
79$11,188,419$0$0$6,226,327
80$12,184,119$0$0$6,783,984
81$13,276,796$0$0$7,396,083
82$14,476,199$0$0$8,068,100
83$15,793,063$0$0$8,806,068
84$17,239,217$0$0$9,616,632
85$18,827,689$0$0$10,507,113
86$20,572,832$0$0$11,485,574
87$22,490,459$0$0$12,560,900
88$24,597,989$0$0$13,742,879
89$26,914,611$0$0$15,042,295
90$29,461,470$0$0$16,471,026
91$32,261,858$0$0$18,042,162
92$35,341,437$0$0$19,770,124
93$38,728,483$0$0$21,670,799
94$42,454,148$0$0$23,761,692
95$46,552,755$0$0$26,062,092
96$51,062,120$0$0$28,593,248
97$56,023,911$0$0$31,378,577
98$61,484,039$0$0$34,443,877
99$67,493,090$0$0$37,817,575
100$74,106,800$0$0$41,530,993