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%15.8%
1 years$78,863$78,161$77,475$76,806$76,153$74,342
2 years$39,041$38,314$37,609$36,926$36,263$34,450
3 years$25,769$25,039$24,336$23,659$23,007$21,247
4 years$19,134$18,406$17,710$17,045$16,409$14,716
5 years$15,154$14,431$13,744$13,092$12,474$10,853
6 years$12,502$11,784$11,107$10,470$9,870$8,323
7 years$10,608$9,896$9,230$8,608$8,027$6,554
8 years$9,188$8,483$7,828$7,221$6,659$5,259
9 years$8,085$7,386$6,742$6,151$5,608$4,280
10 years$7,202$6,510$5,878$5,302$4,778$3,521
11 years$6,481$5,796$5,175$4,614$4,109$2,921
12 years$5,880$5,202$4,592$4,047$3,561$2,440
13 years$5,372$4,701$4,103$3,573$3,105$2,049
14 years$4,937$4,273$3,687$3,172$2,722$1,728
15 years$4,560$3,903$3,329$2,829$2,397$1,463
16 years$4,231$3,581$3,018$2,533$2,118$1,242
17 years$3,941$3,298$2,746$2,276$1,878$1,058
18 years$3,683$3,048$2,507$2,051$1,670$902
19 years$3,453$2,825$2,295$1,853$1,489$771
20 years$3,246$2,625$2,106$1,678$1,330$660
21 years$3,059$2,445$1,937$1,523$1,190$566
22 years$2,889$2,282$1,785$1,385$1,067$485
23 years$2,734$2,134$1,649$1,261$957$417
24 years$2,592$2,000$1,525$1,150$861$358
25 years$2,462$1,877$1,412$1,051$774$308
26 years$2,342$1,764$1,310$961$697$265
27 years$2,231$1,660$1,216$879$629$228
28 years$2,128$1,564$1,131$806$567$196
29 years$2,033$1,476$1,052$739$512$169
30 years$1,944$1,394$980$678$463$146
31 years$1,861$1,317$914$623$419$126
32 years$1,783$1,247$852$572$379$108
33 years$1,710$1,181$796$526$343$94
34 years$1,642$1,119$744$484$310$81
35 years$1,577$1,061$695$446$281$70
36 years$1,517$1,007$650$411$255$60
37 years$1,460$957$609$378$231$52
38 years$1,405$909$570$349$209$45
39 years$1,354$865$534$321$190$39
40 years$1,306$823$501$296$172$33
41 years$1,260$783$469$274$156$29
42 years$1,216$746$440$252$142$25
43 years$1,174$710$413$233$129$21
44 years$1,135$677$388$215$117$19
45 years$1,097$646$364$199$106$16
46 years$1,061$616$342$184$96$14
47 years$1,027$588$321$170$87$12
48 years$994$561$302$157$79$10
49 years$962$536$284$145$72$9
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 $2,855 every year, while hoping to spend $59,806 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: 61/13/26 Blend
44$955,000$955,000$955,000$955,000
45$1,055,355$1,004,740$989,937$1,112,226
46$1,099,368$990,339$959,467$1,136,807
47$1,145,866$973,228$925,972$1,156,885
48$1,195,039$953,211$889,287$1,177,512
49$1,247,095$930,081$849,240$1,198,755
50$1,302,261$903,617$805,652$1,220,688
51$1,360,785$873,587$758,334$1,243,394
52$1,422,937$839,745$707,091$1,266,970
53$1,489,015$801,831$651,716$1,291,526
54$1,559,342$759,568$591,996$1,317,183
55$1,634,274$712,666$527,707$1,344,080
56$1,714,198$660,815$458,614$1,372,375
57$1,799,542$603,690$384,473$1,402,244
58$1,890,772$540,947$305,029$1,433,884
59$1,988,398$472,222$220,015$1,467,520
60$2,092,983$397,129$129,154$1,503,400
61$2,205,141$315,262$32,154$1,541,805
62$2,325,547$226,192$0$1,583,049
63$2,454,943$129,465$0$1,647,281
64$2,594,141$24,602$0$1,725,902
65$2,744,034$0$0$1,810,514
66$2,905,603$0$0$1,914,420
67$3,079,924$0$0$2,030,381
68$3,268,182$0$0$2,155,672
69$3,471,677$0$0$2,291,165
70$3,691,837$0$0$2,437,821
71$3,930,235$0$0$2,596,693
72$4,188,596$0$0$2,768,942
73$4,468,821$0$0$2,955,843
74$4,772,998$0$0$3,158,799
75$5,103,424$0$0$3,379,353
76$5,462,627$0$0$3,619,201
77$5,853,385$0$0$3,880,211
78$6,278,759$0$0$4,164,437
79$6,742,113$0$0$4,474,140
80$7,247,151$0$0$4,811,809
81$7,797,950$0$0$5,180,180
82$8,398,995$0$0$5,582,270
83$9,055,224$0$0$6,021,394
84$9,772,075$0$0$6,501,205
85$10,555,530$0$0$7,025,724
86$11,412,179$0$0$7,599,378
87$12,349,275$0$0$8,227,042
88$13,374,807$0$0$8,914,081
89$14,497,569$0$0$9,666,407
90$15,727,247$0$0$10,490,528
91$17,074,505$0$0$11,393,611
92$18,551,091$0$0$12,383,549
93$20,169,941$0$0$13,469,036
94$21,945,303$0$0$14,659,647
95$23,892,870$0$0$15,965,929
96$26,029,926$0$0$17,399,498
97$28,375,512$0$0$18,973,150
98$30,950,599$0$0$20,700,979
99$33,778,290$0$0$22,598,514
100$36,884,033$0$0$24,682,857