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%17.9%
1 years$78,946$78,242$77,556$76,887$76,233$73,793
2 years$39,082$38,354$37,649$36,965$36,301$33,865
3 years$25,796$25,065$24,361$23,684$23,031$20,676
4 years$19,154$18,425$17,729$17,063$16,426$14,169
5 years$15,170$14,446$13,758$13,106$12,487$10,335
6 years$12,515$11,796$11,119$10,481$9,880$7,835
7 years$10,619$9,906$9,240$8,617$8,035$6,097
8 years$9,198$8,491$7,836$7,228$6,666$4,832
9 years$8,093$7,393$6,749$6,157$5,614$3,883
10 years$7,210$6,517$5,884$5,307$4,783$3,153
11 years$6,488$5,802$5,180$4,619$4,114$2,581
12 years$5,886$5,207$4,597$4,052$3,565$2,126
13 years$5,378$4,706$4,107$3,577$3,109$1,760
14 years$4,942$4,277$3,691$3,175$2,725$1,463
15 years$4,565$3,908$3,332$2,832$2,399$1,221
16 years$4,235$3,585$3,021$2,535$2,121$1,021
17 years$3,945$3,302$2,749$2,278$1,880$856
18 years$3,687$3,051$2,509$2,053$1,672$719
19 years$3,456$2,828$2,297$1,855$1,490$605
20 years$3,249$2,628$2,108$1,680$1,331$509
21 years$3,062$2,447$1,939$1,525$1,191$430
22 years$2,892$2,285$1,787$1,386$1,068$363
23 years$2,737$2,137$1,650$1,263$958$306
24 years$2,595$2,002$1,526$1,152$861$259
25 years$2,465$1,879$1,414$1,052$775$219
26 years$2,345$1,766$1,311$962$698$185
27 years$2,234$1,662$1,217$880$630$157
28 years$2,131$1,566$1,132$806$568$133
29 years$2,035$1,477$1,053$740$513$112
30 years$1,946$1,395$981$679$463$95
31 years$1,863$1,319$915$623$419$81
32 years$1,785$1,248$853$573$379$68
33 years$1,712$1,182$797$527$343$58
34 years$1,644$1,120$744$485$311$49
35 years$1,579$1,062$696$446$281$42
36 years$1,518$1,008$651$411$255$35
37 years$1,461$958$609$379$231$30
38 years$1,407$910$571$349$209$25
39 years$1,356$865$535$322$190$22
40 years$1,307$823$501$297$172$18
41 years$1,261$784$470$274$156$15
42 years$1,217$746$441$253$142$13
43 years$1,175$711$414$233$129$11
44 years$1,136$678$388$215$117$9
45 years$1,098$646$365$199$106$8
46 years$1,062$617$342$184$96$7
47 years$1,028$589$322$170$87$6
48 years$995$562$302$157$79$5
49 years$963$537$284$145$72$4
50 years$933$513$267$134$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $956,000, adding $4,835 every year, while hoping to spend $55,012 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: 69/11/20 Blend
44$956,000$956,000$956,000$956,000
45$1,058,499$1,007,831$993,013$1,126,000
46$1,107,934$998,683$967,747$1,162,549
47$1,160,567$987,242$939,790$1,195,624
48$1,216,667$973,339$908,995$1,230,468
49$1,276,527$956,793$875,207$1,267,253
50$1,340,470$937,412$838,263$1,306,168
51$1,408,847$914,995$797,994$1,347,423
52$1,482,046$889,326$754,224$1,391,250
53$1,560,490$860,179$706,766$1,437,908
54$1,644,645$827,312$655,427$1,487,682
55$1,735,020$790,472$600,006$1,540,890
56$1,832,177$749,390$540,290$1,597,883
57$1,936,729$703,780$476,060$1,659,050
58$2,049,352$653,342$407,085$1,724,823
59$2,170,788$597,757$333,124$1,795,680
60$2,301,850$536,690$253,926$1,872,148
61$2,443,435$469,784$169,228$1,954,813
62$2,596,525$396,663$78,757$2,044,325
63$2,762,203$316,931$0$2,141,399
64$2,941,655$230,169$0$2,250,627
65$3,136,190$135,933$0$2,387,273
66$3,347,243$33,755$0$2,535,551
67$3,576,396$0$0$2,696,604
68$3,825,385$0$0$2,880,998
69$4,096,124$0$0$3,085,988
70$4,390,715$0$0$3,309,088
71$4,711,474$0$0$3,552,056
72$5,060,946$0$0$3,816,828
73$5,441,935$0$0$4,105,535
74$5,857,525$0$0$4,420,521
75$6,311,112$0$0$4,764,366
76$6,806,432$0$0$5,139,912
77$7,347,599$0$0$5,550,284
78$7,939,144$0$0$5,998,928
79$8,586,052$0$0$6,489,631
80$9,293,813$0$0$7,026,570
81$10,068,474$0$0$7,614,338
82$10,916,691$0$0$8,257,997
83$11,845,795$0$0$8,963,120
84$12,863,859$0$0$9,735,844
85$13,979,774$0$0$10,582,927
86$15,203,332$0$0$11,511,815
87$16,545,318$0$0$12,530,707
88$18,017,611$0$0$13,648,634
89$19,633,295$0$0$14,875,542
90$21,406,782$0$0$16,222,390
91$23,353,948$0$0$17,701,246
92$25,492,280$0$0$19,325,408
93$27,841,044$0$0$21,109,521
94$30,421,461$0$0$23,069,720
95$33,256,910$0$0$25,223,781
96$36,373,147$0$0$27,591,287
97$39,798,548$0$0$30,193,810
98$43,564,373$0$0$33,055,119
99$47,705,063$0$0$36,201,401
100$52,258,562$0$0$39,661,504