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%11.1%
1 years$79,028$78,324$77,637$76,967$76,313$75,959
2 years$39,123$38,394$37,688$37,003$36,339$35,982
3 years$25,823$25,091$24,387$23,708$23,055$22,706
4 years$19,174$18,445$17,747$17,081$16,443$16,104
5 years$15,186$14,461$13,773$13,120$12,500$12,173
6 years$12,528$11,808$11,130$10,492$9,891$9,575
7 years$10,630$9,917$9,249$8,626$8,044$7,740
8 years$9,208$8,500$7,844$7,236$6,673$6,382
9 years$8,102$7,401$6,756$6,164$5,620$5,340
10 years$7,217$6,524$5,890$5,313$4,788$4,521
11 years$6,494$5,808$5,186$4,624$4,118$3,862
12 years$5,892$5,213$4,602$4,056$3,569$3,324
13 years$5,383$4,711$4,112$3,581$3,112$2,879
14 years$4,947$4,282$3,694$3,178$2,728$2,506
15 years$4,570$3,912$3,336$2,835$2,402$2,190
16 years$4,240$3,589$3,024$2,538$2,123$1,921
17 years$3,949$3,305$2,752$2,280$1,882$1,691
18 years$3,691$3,054$2,512$2,055$1,674$1,492
19 years$3,460$2,831$2,300$1,857$1,492$1,320
20 years$3,253$2,630$2,111$1,682$1,332$1,170
21 years$3,065$2,450$1,941$1,526$1,192$1,038
22 years$2,895$2,287$1,789$1,388$1,069$923
23 years$2,740$2,139$1,652$1,264$959$822
24 years$2,598$2,004$1,528$1,153$862$733
25 years$2,467$1,881$1,415$1,053$776$654
26 years$2,347$1,768$1,312$963$699$584
27 years$2,236$1,663$1,219$881$630$522
28 years$2,133$1,568$1,133$807$569$467
29 years$2,037$1,479$1,054$740$513$418
30 years$1,948$1,397$982$679$464$374
31 years$1,865$1,320$916$624$419$336
32 years$1,787$1,249$854$573$379$301
33 years$1,714$1,183$798$527$343$270
34 years$1,645$1,121$745$485$311$242
35 years$1,581$1,063$697$447$282$217
36 years$1,520$1,009$652$411$255$195
37 years$1,463$959$610$379$231$175
38 years$1,408$911$571$349$210$157
39 years$1,357$866$535$322$190$141
40 years$1,308$824$502$297$172$127
41 years$1,262$785$470$274$156$114
42 years$1,218$747$441$253$142$103
43 years$1,177$712$414$234$129$92
44 years$1,137$679$389$216$117$83
45 years$1,099$647$365$199$106$75
46 years$1,063$617$343$184$96$67
47 years$1,029$589$322$170$88$60
48 years$996$562$303$157$79$54
49 years$964$537$284$145$72$49
50 years$934$513$267$134$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $957,000, adding $4,849 every year, while hoping to spend $52,908 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: 68/7/25 Blend
44$957,000$957,000$957,000$957,000
45$1,059,616$1,008,895$994,061$1,124,551
46$1,111,403$1,002,037$971,069$1,161,889
47$1,166,699$993,070$945,532$1,196,214
48$1,225,806$981,834$917,312$1,232,538
49$1,289,056$968,161$886,259$1,271,061
50$1,356,810$951,872$852,220$1,312,000
51$1,429,469$932,777$815,033$1,355,600
52$1,507,467$910,676$774,529$1,402,129
53$1,591,286$885,357$730,533$1,451,886
54$1,681,451$856,593$682,859$1,505,201
55$1,778,540$824,147$631,316$1,562,440
56$1,883,188$787,767$575,702$1,624,009
57$1,996,092$747,187$515,807$1,690,356
58$2,118,018$702,124$451,412$1,761,978
59$2,249,808$652,280$382,286$1,839,424
60$2,392,387$597,339$308,191$1,923,304
61$2,546,771$536,970$228,876$2,014,289
62$2,714,079$470,818$144,080$2,113,126
63$2,895,539$398,513$53,531$2,220,636
64$3,092,504$319,660$0$2,337,732
65$3,306,461$233,845$0$2,476,918
66$3,539,045$140,628$0$2,643,795
67$3,792,055$39,546$0$2,825,384
68$4,067,471$0$0$3,023,131
69$4,367,471$0$0$3,244,014
70$4,694,452$0$0$3,488,133
71$5,051,052$0$0$3,754,420
72$5,440,175$0$0$4,045,048
73$5,865,018$0$0$4,362,413
74$6,329,097$0$0$4,709,148
75$6,836,287$0$0$5,088,157
76$7,390,851$0$0$5,502,633
77$7,997,485$0$0$5,956,093
78$8,661,357$0$0$6,452,410
79$9,388,160$0$0$6,995,848
80$10,184,163$0$0$7,591,104
81$11,056,268$0$0$8,243,348
82$12,012,077$0$0$8,958,277
83$13,059,963$0$0$9,742,164
84$14,209,147$0$0$10,601,916
85$15,469,785$0$0$11,545,144
86$16,853,064$0$0$12,580,228
87$18,371,307$0$0$13,716,402
88$20,038,086$0$0$14,963,834
89$21,868,354$0$0$16,333,728
90$23,878,579$0$0$17,838,425
91$26,086,907$0$0$19,491,517
92$28,513,325$0$0$21,307,983
93$31,179,852$0$0$23,304,321
94$34,110,747$0$0$25,498,707
95$37,332,736$0$0$27,911,167
96$40,875,262$0$0$30,563,764
97$44,770,766$0$0$33,480,803
98$49,054,987$0$0$36,689,065
99$53,767,304$0$0$40,218,057
100$58,951,100$0$0$44,100,287