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%15.8%
1 years$79,028$78,324$77,637$76,967$76,313$74,498
2 years$39,123$38,394$37,688$37,003$36,339$34,522
3 years$25,823$25,091$24,387$23,708$23,055$21,291
4 years$19,174$18,445$17,747$17,081$16,443$14,747
5 years$15,186$14,461$13,773$13,120$12,500$10,876
6 years$12,528$11,808$11,130$10,492$9,891$8,340
7 years$10,630$9,917$9,249$8,626$8,044$6,567
8 years$9,208$8,500$7,844$7,236$6,673$5,270
9 years$8,102$7,401$6,756$6,164$5,620$4,289
10 years$7,217$6,524$5,890$5,313$4,788$3,528
11 years$6,494$5,808$5,186$4,624$4,118$2,927
12 years$5,892$5,213$4,602$4,056$3,569$2,445
13 years$5,383$4,711$4,112$3,581$3,112$2,053
14 years$4,947$4,282$3,694$3,178$2,728$1,732
15 years$4,570$3,912$3,336$2,835$2,402$1,466
16 years$4,240$3,589$3,024$2,538$2,123$1,245
17 years$3,949$3,305$2,752$2,280$1,882$1,060
18 years$3,691$3,054$2,512$2,055$1,674$904
19 years$3,460$2,831$2,300$1,857$1,492$773
20 years$3,253$2,630$2,111$1,682$1,332$661
21 years$3,065$2,450$1,941$1,526$1,192$567
22 years$2,895$2,287$1,789$1,388$1,069$486
23 years$2,740$2,139$1,652$1,264$959$417
24 years$2,598$2,004$1,528$1,153$862$359
25 years$2,467$1,881$1,415$1,053$776$309
26 years$2,347$1,768$1,312$963$699$266
27 years$2,236$1,663$1,219$881$630$229
28 years$2,133$1,568$1,133$807$569$197
29 years$2,037$1,479$1,054$740$513$170
30 years$1,948$1,397$982$679$464$146
31 years$1,865$1,320$916$624$419$126
32 years$1,787$1,249$854$573$379$109
33 years$1,714$1,183$798$527$343$94
34 years$1,645$1,121$745$485$311$81
35 years$1,581$1,063$697$447$282$70
36 years$1,520$1,009$652$411$255$60
37 years$1,463$959$610$379$231$52
38 years$1,408$911$571$349$210$45
39 years$1,357$866$535$322$190$39
40 years$1,308$824$502$297$172$33
41 years$1,262$785$470$274$156$29
42 years$1,218$747$441$253$142$25
43 years$1,177$712$414$234$129$21
44 years$1,137$679$389$216$117$19
45 years$1,099$647$365$199$106$16
46 years$1,063$617$343$184$96$14
47 years$1,029$589$322$170$88$12
48 years$996$562$303$157$79$10
49 years$964$537$284$145$72$9
50 years$934$513$267$134$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $957,000, adding $3,522 every year, while hoping to spend $26,768 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: 54/19/27 Blend
44$957,000$957,000$957,000$957,000
45$1,058,247$1,007,526$992,692$1,107,291
46$1,137,707$1,028,414$997,467$1,162,430
47$1,224,375$1,049,428$1,001,504$1,219,385
48$1,318,958$1,070,546$1,004,751$1,280,852
49$1,422,234$1,091,745$1,007,152$1,347,275
50$1,535,059$1,112,998$1,008,649$1,419,140
51$1,658,376$1,134,277$1,009,180$1,496,988
52$1,793,225$1,155,550$1,008,682$1,581,412
53$1,940,747$1,176,785$1,007,086$1,673,066
54$2,102,202$1,197,947$1,004,322$1,772,673
55$2,278,976$1,218,995$1,000,316$1,881,029
56$2,472,594$1,239,889$994,989$1,999,012
57$2,684,738$1,260,583$988,261$2,127,592
58$2,917,259$1,281,029$980,045$2,267,836
59$3,172,196$1,301,175$970,253$2,420,922
60$3,451,793$1,320,966$958,789$2,588,149
61$3,758,524$1,340,342$945,557$2,770,949
62$4,095,113$1,359,238$930,453$2,970,903
63$4,464,561$1,377,587$913,369$3,189,753
64$4,870,173$1,395,315$894,194$3,429,418
65$5,315,588$1,412,344$872,807$3,692,017
66$5,804,820$1,428,590$849,088$3,979,887
67$6,342,284$1,443,964$822,905$4,295,602
68$6,932,849$1,458,370$794,124$4,642,002
69$7,581,877$1,471,708$762,605$5,022,219
70$8,295,275$1,483,867$728,198$5,439,704
71$9,079,550$1,494,735$690,751$5,898,266
72$9,941,874$1,504,186$650,100$6,402,102
73$10,890,146$1,512,092$606,079$6,955,838
74$11,933,068$1,518,312$558,510$7,564,579
75$13,080,231$1,522,699$507,210$8,233,949
76$14,342,199$1,525,096$451,986$8,970,150
77$15,730,613$1,525,335$392,637$9,780,021
78$17,258,298$1,523,239$328,954$10,671,100
79$18,939,388$1,518,621$260,716$11,651,699
80$20,789,451$1,511,279$187,697$12,730,979
81$22,825,646$1,501,003$109,655$13,919,042
82$25,066,877$1,487,567$26,343$15,227,023
83$27,533,973$1,470,732$0$16,667,197
84$30,249,886$1,450,246$0$18,271,121
85$33,239,907$1,425,841$0$20,044,959
86$36,531,903$1,397,232$0$21,997,640
87$40,156,581$1,364,120$0$24,147,376
88$44,147,776$1,326,186$0$26,514,238
89$48,542,772$1,283,093$0$29,120,345
90$53,382,654$1,234,483$0$31,990,073
91$58,712,692$1,179,981$0$35,150,287
92$64,582,772$1,119,185$0$38,630,592
93$71,047,864$1,051,674$0$42,463,615
94$78,168,541$977,000$0$46,685,312
95$86,011,551$894,693$0$51,335,308
96$94,650,448$804,251$0$56,457,274
97$104,166,282$705,148$0$62,099,335
98$114,648,368$596,826$0$68,314,528
99$126,195,127$478,695$0$75,161,303
100$138,915,013$350,134$0$82,704,075