Can I retire at age 45 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$79,028$78,324$77,637$76,967$76,313$73,811
2 years$39,123$38,394$37,688$37,003$36,339$33,843
3 years$25,823$25,091$24,387$23,708$23,055$20,642
4 years$19,174$18,445$17,747$17,081$16,443$14,132
5 years$15,186$14,461$13,773$13,120$12,500$10,297
6 years$12,528$11,808$11,130$10,492$9,891$7,798
7 years$10,630$9,917$9,249$8,626$8,044$6,060
8 years$9,208$8,500$7,844$7,236$6,673$4,798
9 years$8,102$7,401$6,756$6,164$5,620$3,851
10 years$7,217$6,524$5,890$5,313$4,788$3,123
11 years$6,494$5,808$5,186$4,624$4,118$2,553
12 years$5,892$5,213$4,602$4,056$3,569$2,100
13 years$5,383$4,711$4,112$3,581$3,112$1,736
14 years$4,947$4,282$3,694$3,178$2,728$1,441
15 years$4,570$3,912$3,336$2,835$2,402$1,201
16 years$4,240$3,589$3,024$2,538$2,123$1,003
17 years$3,949$3,305$2,752$2,280$1,882$839
18 years$3,691$3,054$2,512$2,055$1,674$704
19 years$3,460$2,831$2,300$1,857$1,492$591
20 years$3,253$2,630$2,111$1,682$1,332$497
21 years$3,065$2,450$1,941$1,526$1,192$419
22 years$2,895$2,287$1,789$1,388$1,069$353
23 years$2,740$2,139$1,652$1,264$959$298
24 years$2,598$2,004$1,528$1,153$862$251
25 years$2,467$1,881$1,415$1,053$776$212
26 years$2,347$1,768$1,312$963$699$179
27 years$2,236$1,663$1,219$881$630$151
28 years$2,133$1,568$1,133$807$569$128
29 years$2,037$1,479$1,054$740$513$108
30 years$1,948$1,397$982$679$464$91
31 years$1,865$1,320$916$624$419$77
32 years$1,787$1,249$854$573$379$65
33 years$1,714$1,183$798$527$343$55
34 years$1,645$1,121$745$485$311$47
35 years$1,581$1,063$697$447$282$40
36 years$1,520$1,009$652$411$255$34
37 years$1,463$959$610$379$231$28
38 years$1,408$911$571$349$210$24
39 years$1,357$866$535$322$190$20
40 years$1,308$824$502$297$172$17
41 years$1,262$785$470$274$156$15
42 years$1,218$747$441$253$142$12
43 years$1,177$712$414$234$129$10
44 years$1,137$679$389$216$117$9
45 years$1,099$647$365$199$106$7
46 years$1,063$617$343$184$96$6
47 years$1,029$589$322$170$88$5
48 years$996$562$303$157$79$5
49 years$964$537$284$145$72$4
50 years$934$513$267$134$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $957,000, adding $6,585 every year, while hoping to spend $26,744 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: 33/41/26 Blend
44$957,000$957,000$957,000$957,000
45$1,061,406$1,010,685$995,852$1,087,848
46$1,141,214$1,031,754$1,000,758$1,129,452
47$1,228,267$1,052,958$1,004,931$1,171,406
48$1,323,273$1,074,276$1,008,320$1,216,094
49$1,427,017$1,095,686$1,010,869$1,263,774
50$1,540,359$1,117,161$1,012,519$1,314,733
51$1,664,247$1,138,673$1,013,210$1,369,287
52$1,799,725$1,160,193$1,012,877$1,427,787
53$1,947,943$1,181,687$1,011,454$1,490,617
54$2,110,164$1,203,121$1,008,869$1,558,204
55$2,287,784$1,224,457$1,005,049$1,631,018
56$2,482,335$1,245,653$999,915$1,709,580
57$2,695,509$1,266,666$993,388$1,794,462
58$2,929,165$1,287,447$985,381$1,886,299
59$3,185,354$1,307,946$975,806$1,985,789
60$3,466,333$1,328,108$964,568$2,093,706
61$3,774,588$1,347,875$951,570$2,210,901
62$4,112,858$1,367,182$936,709$2,338,316
63$4,484,159$1,385,964$919,879$2,476,990
64$4,891,814$1,404,147$900,965$2,628,071
65$5,339,484$1,421,654$879,852$2,792,825
66$5,831,200$1,438,404$856,416$2,972,650
67$6,371,404$1,454,307$830,528$3,169,088
68$6,964,990$1,469,271$802,053$3,383,843
69$7,617,348$1,483,195$770,851$3,618,794
70$8,334,417$1,495,971$736,775$3,876,017
71$9,122,741$1,507,487$699,670$4,157,799
72$9,989,528$1,517,621$659,376$4,466,667
73$10,942,719$1,526,244$615,724$4,805,409
74$11,991,065$1,533,218$568,539$5,177,100
75$13,144,206$1,538,398$517,638$5,585,135
76$14,412,764$1,541,629$462,828$6,033,258
77$15,808,442$1,542,745$403,909$6,525,600
78$17,344,135$1,541,572$340,672$7,066,720
79$19,034,051$1,537,922$272,898$7,661,644
80$20,893,844$1,531,600$200,360$8,315,921
81$22,940,762$1,522,395$122,818$9,035,669
82$25,193,812$1,510,085$40,025$9,827,638
83$27,673,936$1,494,434$0$10,699,271
84$30,404,209$1,475,192$0$11,672,188
85$33,410,056$1,452,095$0$12,754,760
86$36,719,496$1,424,861$0$13,945,938
87$40,363,399$1,393,194$0$15,256,821
88$44,375,784$1,356,779$0$16,699,644
89$48,794,134$1,315,281$0$18,287,893
90$53,659,755$1,268,349$0$20,036,438
91$59,018,160$1,215,609$0$21,961,669
92$64,919,504$1,156,665$0$24,081,655
93$71,419,052$1,091,100$0$26,416,311
94$78,577,703$1,018,472$0$28,987,596
95$86,462,565$938,313$0$31,819,710
96$95,147,586$850,129$0$34,939,332
97$104,714,252$753,398$0$38,375,872
98$115,252,360$647,569$0$42,161,744
99$126,860,857$532,057$0$46,332,683
100$139,648,784$406,246$0$50,928,074