Can I retire at age 45 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$78,946$78,242$77,556$76,887$76,233$73,470
2 years$39,082$38,354$37,649$36,965$36,301$33,548
3 years$25,796$25,065$24,361$23,684$23,031$20,374
4 years$19,154$18,425$17,729$17,063$16,426$13,885
5 years$15,170$14,446$13,758$13,106$12,487$10,069
6 years$12,515$11,796$11,119$10,481$9,880$7,588
7 years$10,619$9,906$9,240$8,617$8,035$5,867
8 years$9,198$8,491$7,836$7,228$6,666$4,620
9 years$8,093$7,393$6,749$6,157$5,614$3,688
10 years$7,210$6,517$5,884$5,307$4,783$2,973
11 years$6,488$5,802$5,180$4,619$4,114$2,416
12 years$5,886$5,207$4,597$4,052$3,565$1,976
13 years$5,378$4,706$4,107$3,577$3,109$1,624
14 years$4,942$4,277$3,691$3,175$2,725$1,340
15 years$4,565$3,908$3,332$2,832$2,399$1,109
16 years$4,235$3,585$3,021$2,535$2,121$920
17 years$3,945$3,302$2,749$2,278$1,880$765
18 years$3,687$3,051$2,509$2,053$1,672$637
19 years$3,456$2,828$2,297$1,855$1,490$532
20 years$3,249$2,628$2,108$1,680$1,331$444
21 years$3,062$2,447$1,939$1,525$1,191$371
22 years$2,892$2,285$1,787$1,386$1,068$311
23 years$2,737$2,137$1,650$1,263$958$260
24 years$2,595$2,002$1,526$1,152$861$218
25 years$2,465$1,879$1,414$1,052$775$183
26 years$2,345$1,766$1,311$962$698$153
27 years$2,234$1,662$1,217$880$630$129
28 years$2,131$1,566$1,132$806$568$108
29 years$2,035$1,477$1,053$740$513$91
30 years$1,946$1,395$981$679$463$76
31 years$1,863$1,319$915$623$419$64
32 years$1,785$1,248$853$573$379$54
33 years$1,712$1,182$797$527$343$45
34 years$1,644$1,120$744$485$311$38
35 years$1,579$1,062$696$446$281$32
36 years$1,518$1,008$651$411$255$27
37 years$1,461$958$609$379$231$22
38 years$1,407$910$571$349$209$19
39 years$1,356$865$535$322$190$16
40 years$1,307$823$501$297$172$13
41 years$1,261$784$470$274$156$11
42 years$1,217$746$441$253$142$9
43 years$1,175$711$414$233$129$8
44 years$1,136$678$388$215$117$7
45 years$1,098$646$365$199$106$6
46 years$1,062$617$342$184$96$5
47 years$1,028$589$322$170$87$4
48 years$995$562$302$157$79$3
49 years$963$537$284$145$72$3
50 years$933$513$267$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $956,000, adding $3,329 every year, while hoping to spend $53,947 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: 64/29/7 Blend
44$956,000$956,000$956,000$956,000
45$1,056,946$1,006,278$991,460$1,123,009
46$1,107,355$998,186$967,275$1,159,328
47$1,161,098$987,890$940,471$1,192,309
48$1,218,458$975,224$910,904$1,226,924
49$1,279,744$960,014$878,424$1,263,329
50$1,345,298$942,075$842,870$1,301,695
51$1,415,491$921,209$804,079$1,342,215
52$1,490,732$897,210$761,877$1,385,100
53$1,571,471$869,856$716,084$1,430,587
54$1,658,197$838,916$666,509$1,478,939
55$1,751,453$804,143$612,957$1,530,447
56$1,851,831$765,275$555,221$1,585,437
57$1,959,982$722,038$493,085$1,644,266
58$2,076,621$674,138$426,324$1,707,336
59$2,202,534$621,269$354,703$1,775,090
60$2,338,584$563,102$277,977$1,848,019
61$2,485,720$499,295$195,890$1,926,670
62$2,644,984$429,482$108,174$2,011,648
63$2,817,524$353,278$14,549$2,103,625
64$3,004,600$270,277$0$2,203,345
65$3,207,598$180,049$0$2,318,009
66$3,428,042$82,140$0$2,443,730
67$3,667,609$0$0$2,580,457
68$3,928,144$0$0$2,736,973
69$4,211,677$0$0$2,935,888
70$4,520,440$0$0$3,152,565
71$4,856,891$0$0$3,388,736
72$5,223,733$0$0$3,646,305
73$5,623,945$0$0$3,927,373
74$6,060,800$0$0$4,234,247
75$6,537,906$0$0$4,569,471
76$7,059,232$0$0$4,935,842
77$7,629,149$0$0$5,336,442
78$8,252,469$0$0$5,774,663
79$8,934,490$0$0$6,254,241
80$9,681,045$0$0$6,779,288
81$10,498,558$0$0$7,354,334
82$11,394,104$0$0$7,984,368
83$12,375,474$0$0$8,674,881
84$13,451,248$0$0$9,431,924
85$14,630,875$0$0$10,262,159
86$15,924,763$0$0$11,172,927
87$17,344,377$0$0$12,172,309
88$18,902,342$0$0$13,269,210
89$20,612,569$0$0$14,473,439
90$22,490,377$0$0$15,795,797
91$24,552,645$0$0$17,248,188
92$26,817,963$0$0$18,843,720
93$29,306,815$0$0$20,596,838
94$32,041,761$0$0$22,523,452
95$35,047,661$0$0$24,641,091
96$38,351,897$0$0$26,969,068
97$41,984,642$0$0$29,528,657
98$45,979,133$0$0$32,343,300
99$50,371,991$0$0$35,438,822
100$55,203,566$0$0$38,843,678