Can I retire at age 45 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$78,863$78,161$77,475$76,806$76,153$74,403
2 years$39,041$38,314$37,609$36,926$36,263$34,510
3 years$25,769$25,039$24,336$23,659$23,007$21,305
4 years$19,134$18,406$17,710$17,045$16,409$14,771
5 years$15,154$14,431$13,744$13,092$12,474$10,905
6 years$12,502$11,784$11,107$10,470$9,870$8,372
7 years$10,608$9,896$9,230$8,608$8,027$6,600
8 years$9,188$8,483$7,828$7,221$6,659$5,302
9 years$8,085$7,386$6,742$6,151$5,608$4,320
10 years$7,202$6,510$5,878$5,302$4,778$3,559
11 years$6,481$5,796$5,175$4,614$4,109$2,956
12 years$5,880$5,202$4,592$4,047$3,561$2,472
13 years$5,372$4,701$4,103$3,573$3,105$2,079
14 years$4,937$4,273$3,687$3,172$2,722$1,756
15 years$4,560$3,903$3,329$2,829$2,397$1,488
16 years$4,231$3,581$3,018$2,533$2,118$1,266
17 years$3,941$3,298$2,746$2,276$1,878$1,079
18 years$3,683$3,048$2,507$2,051$1,670$922
19 years$3,453$2,825$2,295$1,853$1,489$789
20 years$3,246$2,625$2,106$1,678$1,330$676
21 years$3,059$2,445$1,937$1,523$1,190$580
22 years$2,889$2,282$1,785$1,385$1,067$499
23 years$2,734$2,134$1,649$1,261$957$429
24 years$2,592$2,000$1,525$1,150$861$369
25 years$2,462$1,877$1,412$1,051$774$318
26 years$2,342$1,764$1,310$961$697$274
27 years$2,231$1,660$1,216$879$629$236
28 years$2,128$1,564$1,131$806$567$204
29 years$2,033$1,476$1,052$739$512$176
30 years$1,944$1,394$980$678$463$152
31 years$1,861$1,317$914$623$419$131
32 years$1,783$1,247$852$572$379$113
33 years$1,710$1,181$796$526$343$98
34 years$1,642$1,119$744$484$310$85
35 years$1,577$1,061$695$446$281$73
36 years$1,517$1,007$650$411$255$63
37 years$1,460$957$609$378$231$55
38 years$1,405$909$570$349$209$47
39 years$1,354$865$534$321$190$41
40 years$1,306$823$501$296$172$35
41 years$1,260$783$469$274$156$31
42 years$1,216$746$440$252$142$26
43 years$1,174$710$413$233$129$23
44 years$1,135$677$388$215$117$20
45 years$1,097$646$364$199$106$17
46 years$1,061$616$342$184$96$15
47 years$1,027$588$321$170$87$13
48 years$994$561$302$157$79$11
49 years$962$536$284$145$72$10
50 years$932$512$267$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $955,000, adding $4,545 every year, while hoping to spend $32,288 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: 63/29/8 Blend
44$955,000$955,000$955,000$955,000
45$1,057,098$1,006,483$991,681$1,121,695
46$1,130,568$1,021,447$990,548$1,180,329
47$1,210,450$1,036,061$988,295$1,240,135
48$1,297,363$1,050,276$984,850$1,304,605
49$1,391,990$1,064,035$980,139$1,374,191
50$1,495,081$1,077,281$974,082$1,449,388
51$1,607,463$1,089,951$966,597$1,530,745
52$1,730,043$1,101,978$957,597$1,618,865
53$1,863,824$1,113,291$946,993$1,714,414
54$2,009,906$1,123,814$934,688$1,818,126
55$2,169,501$1,133,466$920,585$1,930,809
56$2,343,944$1,142,160$904,579$2,053,355
57$2,534,704$1,149,804$886,561$2,186,748
58$2,743,401$1,156,301$866,417$2,332,072
59$2,971,814$1,161,546$844,028$2,490,522
60$3,221,905$1,165,428$819,270$2,663,416
61$3,495,836$1,167,830$792,011$2,852,207
62$3,795,984$1,168,627$762,116$3,058,499
63$4,124,970$1,167,685$729,443$3,284,057
64$4,485,679$1,164,863$693,841$3,530,829
65$4,881,289$1,160,013$655,156$3,800,965
66$5,315,300$1,152,973$613,224$4,096,832
67$5,791,569$1,143,577$567,875$4,421,041
68$6,314,341$1,131,645$518,931$4,776,473
69$6,888,295$1,116,986$466,206$5,166,302
70$7,518,584$1,099,402$409,507$5,594,028
71$8,210,885$1,078,677$348,630$6,063,512
72$8,971,450$1,054,587$283,364$6,579,008
73$9,807,170$1,026,894$213,489$7,145,209
74$10,725,632$995,343$138,772$7,767,288
75$11,735,199$959,667$58,973$8,450,948
76$12,845,082$919,583$0$9,202,479
77$14,065,428$874,791$0$10,031,047
78$15,407,420$824,974$0$10,947,579
79$16,883,376$769,796$0$11,955,486
80$18,506,867$708,903$0$13,064,082
81$20,292,848$641,920$0$14,283,636
82$22,257,796$568,451$0$15,625,465
83$24,419,862$488,077$0$17,102,046
84$26,799,051$400,355$0$18,727,130
85$29,417,400$304,818$0$20,515,877
86$32,299,193$200,973$0$22,484,994
87$35,471,188$88,297$0$24,652,900
88$38,962,866$0$0$27,039,896
89$42,806,715$0$0$29,679,132
90$47,038,530$0$0$32,615,857
91$51,697,754$0$0$35,849,275
92$56,827,849$0$0$39,409,559
93$62,476,708$0$0$43,329,958
94$68,697,101$0$0$47,647,107
95$75,547,180$0$0$52,401,376
96$83,091,019$0$0$57,637,250
97$91,399,229$0$0$63,403,747
98$100,549,613$0$0$69,754,884
99$110,627,907$0$0$76,750,181
100$121,728,588$0$0$84,455,227