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%17.5%
1 years$78,946$78,242$77,556$76,887$76,233$73,911
2 years$39,082$38,354$37,649$36,965$36,301$33,982
3 years$25,796$25,065$24,361$23,684$23,031$20,787
4 years$19,154$18,425$17,729$17,063$16,426$14,274
5 years$15,170$14,446$13,758$13,106$12,487$10,434
6 years$12,515$11,796$11,119$10,481$9,880$7,927
7 years$10,619$9,906$9,240$8,617$8,035$6,182
8 years$9,198$8,491$7,836$7,228$6,666$4,912
9 years$8,093$7,393$6,749$6,157$5,614$3,957
10 years$7,210$6,517$5,884$5,307$4,783$3,221
11 years$6,488$5,802$5,180$4,619$4,114$2,643
12 years$5,886$5,207$4,597$4,052$3,565$2,183
13 years$5,378$4,706$4,107$3,577$3,109$1,812
14 years$4,942$4,277$3,691$3,175$2,725$1,511
15 years$4,565$3,908$3,332$2,832$2,399$1,264
16 years$4,235$3,585$3,021$2,535$2,121$1,060
17 years$3,945$3,302$2,749$2,278$1,880$891
18 years$3,687$3,051$2,509$2,053$1,672$751
19 years$3,456$2,828$2,297$1,855$1,490$634
20 years$3,249$2,628$2,108$1,680$1,331$535
21 years$3,062$2,447$1,939$1,525$1,191$453
22 years$2,892$2,285$1,787$1,386$1,068$383
23 years$2,737$2,137$1,650$1,263$958$325
24 years$2,595$2,002$1,526$1,152$861$275
25 years$2,465$1,879$1,414$1,052$775$234
26 years$2,345$1,766$1,311$962$698$198
27 years$2,234$1,662$1,217$880$630$168
28 years$2,131$1,566$1,132$806$568$143
29 years$2,035$1,477$1,053$740$513$122
30 years$1,946$1,395$981$679$463$103
31 years$1,863$1,319$915$623$419$88
32 years$1,785$1,248$853$573$379$75
33 years$1,712$1,182$797$527$343$63
34 years$1,644$1,120$744$485$311$54
35 years$1,579$1,062$696$446$281$46
36 years$1,518$1,008$651$411$255$39
37 years$1,461$958$609$379$231$33
38 years$1,407$910$571$349$209$28
39 years$1,356$865$535$322$190$24
40 years$1,307$823$501$297$172$20
41 years$1,261$784$470$274$156$17
42 years$1,217$746$441$253$142$15
43 years$1,175$711$414$233$129$13
44 years$1,136$678$388$215$117$11
45 years$1,098$646$365$199$106$9
46 years$1,062$617$342$184$96$8
47 years$1,028$589$322$170$87$7
48 years$995$562$302$157$79$6
49 years$963$537$284$145$72$5
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 $5,971 every year, while hoping to spend $49,931 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: 55/29/16 Blend
44$956,000$956,000$956,000$956,000
45$1,059,671$1,009,003$994,185$1,113,148
46$1,114,631$1,005,318$974,364$1,146,547
47$1,173,524$999,779$952,206$1,177,019
48$1,236,698$992,242$927,579$1,209,074
49$1,304,534$982,556$900,346$1,242,875
50$1,377,454$970,558$870,365$1,278,603
51$1,455,917$956,078$837,484$1,316,460
52$1,540,428$938,934$801,548$1,356,673
53$1,631,544$918,934$762,393$1,399,492
54$1,729,875$895,875$719,846$1,445,197
55$1,836,091$869,541$673,729$1,494,100
56$1,950,928$839,705$623,855$1,546,547
57$2,075,197$806,125$570,029$1,602,923
58$2,209,788$768,545$512,045$1,663,656
59$2,355,679$726,696$449,691$1,729,222
60$2,513,946$680,292$382,744$1,800,151
61$2,685,773$629,031$310,970$1,877,028
62$2,872,461$572,594$234,127$1,960,506
63$3,075,444$510,642$151,962$2,051,308
64$3,296,295$442,819$64,208$2,150,237
65$3,536,748$368,748$0$2,258,183
66$3,798,711$288,031$0$2,381,160
67$4,084,282$200,248$0$2,527,261
68$4,395,771$104,953$0$2,686,778
69$4,735,722$1,677$0$2,861,107
70$5,106,933$0$0$3,051,796
71$5,512,484$0$0$3,295,678
72$5,955,768$0$0$3,562,921
73$6,440,518$0$0$3,855,252
74$6,970,847$0$0$4,175,161
75$7,551,282$0$0$4,525,392
76$8,186,807$0$0$4,908,963
77$8,882,912$0$0$5,329,201
78$9,645,644$0$0$5,789,769
79$10,481,659$0$0$6,294,699
80$11,398,291$0$0$6,848,435
81$12,403,615$0$0$7,455,870
82$13,506,528$0$0$8,122,394
83$14,716,827$0$0$8,853,943
84$16,045,304$0$0$9,657,056
85$17,503,847$0$0$10,538,937
86$19,105,553$0$0$11,507,521
87$20,864,846$0$0$12,571,550
88$22,797,619$0$0$13,740,653
89$24,921,379$0$0$15,025,438
90$27,255,411$0$0$16,437,594
91$29,820,965$0$0$17,989,996
92$32,641,448$0$0$19,696,829
93$35,742,651$0$0$21,573,723
94$39,152,987$0$0$23,637,896
95$42,903,763$0$0$25,908,320
96$47,029,468$0$0$28,405,897
97$51,568,105$0$0$31,153,657
98$56,561,545$0$0$34,176,975
99$62,055,920$0$0$37,503,809
100$68,102,063$0$0$41,164,965