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%18.8%
1 years$78,863$78,161$77,475$76,806$76,153$73,451
2 years$39,041$38,314$37,609$36,926$36,263$33,570
3 years$25,769$25,039$24,336$23,659$23,007$20,407
4 years$19,134$18,406$17,710$17,045$16,409$13,922
5 years$15,154$14,431$13,744$13,092$12,474$10,106
6 years$12,502$11,784$11,107$10,470$9,870$7,624
7 years$10,608$9,896$9,230$8,608$8,027$5,902
8 years$9,188$8,483$7,828$7,221$6,659$4,653
9 years$8,085$7,386$6,742$6,151$5,608$3,718
10 years$7,202$6,510$5,878$5,302$4,778$3,002
11 years$6,481$5,796$5,175$4,614$4,109$2,443
12 years$5,880$5,202$4,592$4,047$3,561$2,000
13 years$5,372$4,701$4,103$3,573$3,105$1,646
14 years$4,937$4,273$3,687$3,172$2,722$1,360
15 years$4,560$3,903$3,329$2,829$2,397$1,127
16 years$4,231$3,581$3,018$2,533$2,118$937
17 years$3,941$3,298$2,746$2,276$1,878$780
18 years$3,683$3,048$2,507$2,051$1,670$651
19 years$3,453$2,825$2,295$1,853$1,489$544
20 years$3,246$2,625$2,106$1,678$1,330$455
21 years$3,059$2,445$1,937$1,523$1,190$381
22 years$2,889$2,282$1,785$1,385$1,067$319
23 years$2,734$2,134$1,649$1,261$957$268
24 years$2,592$2,000$1,525$1,150$861$225
25 years$2,462$1,877$1,412$1,051$774$189
26 years$2,342$1,764$1,310$961$697$158
27 years$2,231$1,660$1,216$879$629$133
28 years$2,128$1,564$1,131$806$567$112
29 years$2,033$1,476$1,052$739$512$94
30 years$1,944$1,394$980$678$463$79
31 years$1,861$1,317$914$623$419$67
32 years$1,783$1,247$852$572$379$56
33 years$1,710$1,181$796$526$343$47
34 years$1,642$1,119$744$484$310$40
35 years$1,577$1,061$695$446$281$33
36 years$1,517$1,007$650$411$255$28
37 years$1,460$957$609$378$231$24
38 years$1,405$909$570$349$209$20
39 years$1,354$865$534$321$190$17
40 years$1,306$823$501$296$172$14
41 years$1,260$783$469$274$156$12
42 years$1,216$746$440$252$142$10
43 years$1,174$710$413$233$129$8
44 years$1,135$677$388$215$117$7
45 years$1,097$646$364$199$106$6
46 years$1,061$616$342$184$96$5
47 years$1,027$588$321$170$87$4
48 years$994$561$302$157$79$4
49 years$962$536$284$145$72$3
50 years$932$512$267$134$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $955,000, adding $4,836 every year, while hoping to spend $58,022 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: 60/32/8 Blend
44$955,000$955,000$955,000$955,000
45$1,057,398$1,006,783$991,981$1,118,729
46$1,103,518$994,381$963,477$1,148,012
47$1,152,397$979,426$932,074$1,172,869
48$1,204,256$961,732$897,613$1,198,529
49$1,259,336$941,102$859,929$1,225,072
50$1,317,899$917,328$818,847$1,252,586
51$1,380,234$890,186$774,188$1,281,174
52$1,446,657$859,444$725,762$1,310,950
53$1,517,513$824,853$673,372$1,342,043
54$1,593,179$786,151$616,810$1,374,598
55$1,674,071$743,061$555,861$1,408,778
56$1,760,644$695,288$490,300$1,444,767
57$1,853,395$642,522$419,890$1,482,772
58$1,952,871$584,436$344,386$1,523,022
59$2,059,673$520,682$263,532$1,565,778
60$2,174,458$450,894$177,059$1,611,329
61$2,297,949$374,684$84,687$1,660,001
62$2,430,939$291,643$0$1,712,156
63$2,574,301$201,340$0$1,769,387
64$2,728,990$103,316$0$1,838,753
65$2,896,060$0$0$1,913,551
66$3,076,665$0$0$1,995,399
67$3,272,076$0$0$2,123,379
68$3,483,688$0$0$2,262,034
69$3,713,038$0$0$2,412,377
70$3,961,813$0$0$2,575,522
71$4,231,870$0$0$2,752,697
72$4,525,249$0$0$2,945,249
73$4,844,198$0$0$3,154,662
74$5,191,187$0$0$3,382,569
75$5,568,935$0$0$3,630,766
76$5,980,432$0$0$3,901,228
77$6,428,972$0$0$4,196,132
78$6,918,176$0$0$4,517,871
79$7,452,033$0$0$4,869,079
80$8,034,932$0$0$5,252,659
81$8,671,704$0$0$5,671,801
82$9,367,669$0$0$6,130,023
83$10,128,683$0$0$6,631,193
84$10,961,195$0$0$7,179,574
85$11,872,303$0$0$7,779,858
86$12,869,826$0$0$8,437,211
87$13,962,372$0$0$9,157,325
88$15,159,423$0$0$9,946,465
89$16,471,418$0$0$10,811,533
90$17,909,858$0$0$11,760,129
91$19,487,407$0$0$12,800,626
92$21,218,015$0$0$13,942,243
93$23,117,045$0$0$15,195,138
94$25,201,423$0$0$16,570,498
95$27,489,789$0$0$18,080,647
96$30,002,681$0$0$19,739,159
97$32,762,719$0$0$21,560,990
98$35,794,824$0$0$23,562,613
99$39,126,447$0$0$25,762,178
100$42,787,834$0$0$28,179,678