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%16.7%
1 years$78,946$78,242$77,556$76,887$76,233$74,149
2 years$39,082$38,354$37,649$36,965$36,301$34,218
3 years$25,796$25,065$24,361$23,684$23,031$21,012
4 years$19,154$18,425$17,729$17,063$16,426$14,487
5 years$15,170$14,446$13,758$13,106$12,487$10,634
6 years$12,515$11,796$11,119$10,481$9,880$8,115
7 years$10,619$9,906$9,240$8,617$8,035$6,357
8 years$9,198$8,491$7,836$7,228$6,666$5,075
9 years$8,093$7,393$6,749$6,157$5,614$4,108
10 years$7,210$6,517$5,884$5,307$4,783$3,360
11 years$6,488$5,802$5,180$4,619$4,114$2,772
12 years$5,886$5,207$4,597$4,052$3,565$2,301
13 years$5,378$4,706$4,107$3,577$3,109$1,921
14 years$4,942$4,277$3,691$3,175$2,725$1,610
15 years$4,565$3,908$3,332$2,832$2,399$1,355
16 years$4,235$3,585$3,021$2,535$2,121$1,143
17 years$3,945$3,302$2,749$2,278$1,880$967
18 years$3,687$3,051$2,509$2,053$1,672$819
19 years$3,456$2,828$2,297$1,855$1,490$695
20 years$3,249$2,628$2,108$1,680$1,331$591
21 years$3,062$2,447$1,939$1,525$1,191$503
22 years$2,892$2,285$1,787$1,386$1,068$429
23 years$2,737$2,137$1,650$1,263$958$365
24 years$2,595$2,002$1,526$1,152$861$312
25 years$2,465$1,879$1,414$1,052$775$266
26 years$2,345$1,766$1,311$962$698$227
27 years$2,234$1,662$1,217$880$630$194
28 years$2,131$1,566$1,132$806$568$166
29 years$2,035$1,477$1,053$740$513$142
30 years$1,946$1,395$981$679$463$122
31 years$1,863$1,319$915$623$419$104
32 years$1,785$1,248$853$573$379$89
33 years$1,712$1,182$797$527$343$76
34 years$1,644$1,120$744$485$311$65
35 years$1,579$1,062$696$446$281$56
36 years$1,518$1,008$651$411$255$48
37 years$1,461$958$609$379$231$41
38 years$1,407$910$571$349$209$35
39 years$1,356$865$535$322$190$30
40 years$1,307$823$501$297$172$26
41 years$1,261$784$470$274$156$22
42 years$1,217$746$441$253$142$19
43 years$1,175$711$414$233$129$16
44 years$1,136$678$388$215$117$14
45 years$1,098$646$365$199$106$12
46 years$1,062$617$342$184$96$10
47 years$1,028$589$322$170$87$9
48 years$995$562$302$157$79$7
49 years$963$537$284$145$72$6
50 years$933$513$267$134$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $956,000, adding $6,915 every year, while hoping to spend $56,637 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: 28/44/28 Blend
44$956,000$956,000$956,000$956,000
45$1,060,645$1,009,977$995,159$1,080,992
46$1,108,569$999,204$968,235$1,087,026
47$1,159,484$986,006$938,512$1,088,156
48$1,213,634$970,203$905,834$1,088,231
49$1,271,287$951,605$870,042$1,087,199
50$1,332,737$930,013$830,968$1,085,011
51$1,398,307$905,214$788,436$1,081,617
52$1,468,348$876,984$742,262$1,076,969
53$1,543,247$845,083$692,256$1,071,021
54$1,623,427$809,261$638,215$1,063,729
55$1,709,353$769,251$579,931$1,055,054
56$1,801,533$724,771$517,186$1,044,959
57$1,900,528$675,523$449,749$1,033,413
58$2,006,950$621,192$377,384$1,020,391
59$2,121,473$561,444$299,841$1,005,876
60$2,244,837$495,928$216,859$989,857
61$2,377,853$424,271$128,166$972,335
62$2,521,414$346,081$33,480$953,322
63$2,676,501$260,941$0$932,844
64$2,844,190$168,414$0$931,127
65$3,025,666$68,035$0$940,030
66$3,222,231$0$0$949,715
67$3,435,316$0$0$980,083
68$3,666,495$0$0$1,048,898
69$3,917,498$0$0$1,123,751
70$4,190,230$0$0$1,205,226
71$4,486,785$0$0$1,293,968
72$4,809,467$0$0$1,390,685
73$5,160,810$0$0$1,496,156
74$5,543,605$0$0$1,611,239
75$5,960,922$0$0$1,736,878
76$6,416,139$0$0$1,874,114
77$6,912,974$0$0$2,024,089
78$7,455,523$0$0$2,188,065
79$8,048,290$0$0$2,367,428
80$8,696,237$0$0$2,563,706
81$9,404,825$0$0$2,778,581
82$10,180,069$0$0$3,013,904
83$11,028,591$0$0$3,271,715
84$11,957,682$0$0$3,554,261
85$12,975,371$0$0$3,864,014
86$14,090,502$0$0$4,203,699
87$15,312,813$0$0$4,576,317
88$16,653,030$0$0$4,985,173
89$18,122,965$0$0$5,433,908
90$19,735,631$0$0$5,926,532
91$21,505,359$0$0$6,467,462
92$23,447,935$0$0$7,061,563
93$25,580,747$0$0$7,714,198
94$27,922,953$0$0$8,431,270
95$30,495,651$0$0$9,219,286
96$33,322,088$0$0$10,085,412
97$36,427,873$0$0$11,037,545
98$39,841,215$0$0$12,084,383
99$43,593,196$0$0$13,235,510
100$47,718,057$0$0$14,501,485