Can I retire at age 45 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$79,111$78,406$77,719$77,048$76,392$73,682
2 years$39,164$38,434$37,727$37,042$36,377$33,675
3 years$25,850$25,117$24,412$23,733$23,079$20,471
4 years$19,194$18,464$17,766$17,098$16,460$13,965
5 years$15,202$14,476$13,787$13,133$12,513$10,138
6 years$12,541$11,821$11,142$10,503$9,901$7,648
7 years$10,641$9,927$9,259$8,635$8,052$5,920
8 years$9,217$8,509$7,852$7,244$6,680$4,668
9 years$8,110$7,409$6,763$6,170$5,626$3,730
10 years$7,225$6,531$5,896$5,319$4,793$3,012
11 years$6,501$5,814$5,191$4,629$4,122$2,451
12 years$5,898$5,218$4,607$4,060$3,572$2,007
13 years$5,389$4,716$4,116$3,584$3,115$1,651
14 years$4,952$4,286$3,698$3,182$2,731$1,364
15 years$4,575$3,916$3,339$2,838$2,404$1,131
16 years$4,244$3,593$3,027$2,541$2,125$940
17 years$3,953$3,309$2,755$2,283$1,884$783
18 years$3,695$3,057$2,515$2,057$1,675$653
19 years$3,464$2,833$2,302$1,859$1,493$545
20 years$3,256$2,633$2,113$1,684$1,334$456
21 years$3,068$2,453$1,943$1,528$1,194$382
22 years$2,898$2,289$1,791$1,389$1,070$320
23 years$2,743$2,141$1,654$1,265$960$269
24 years$2,600$2,006$1,529$1,154$863$225
25 years$2,470$1,883$1,417$1,054$777$189
26 years$2,350$1,769$1,314$964$700$159
27 years$2,238$1,665$1,220$882$631$134
28 years$2,135$1,569$1,134$808$569$112
29 years$2,039$1,480$1,055$741$514$94
30 years$1,950$1,398$983$680$464$79
31 years$1,867$1,322$916$625$420$67
32 years$1,789$1,250$855$574$380$56
33 years$1,716$1,184$798$528$344$47
34 years$1,647$1,122$746$486$311$40
35 years$1,582$1,065$697$447$282$33
36 years$1,522$1,010$652$412$255$28
37 years$1,464$960$611$379$231$24
38 years$1,410$912$572$350$210$20
39 years$1,358$867$536$322$190$17
40 years$1,310$825$502$297$173$14
41 years$1,264$785$471$274$157$12
42 years$1,220$748$442$253$142$10
43 years$1,178$713$414$234$129$8
44 years$1,138$679$389$216$117$7
45 years$1,100$648$365$199$106$6
46 years$1,064$618$343$184$96$5
47 years$1,030$590$322$170$88$4
48 years$997$563$303$157$80$4
49 years$965$538$285$145$72$3
50 years$935$514$268$134$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $958,000, adding $5,159 every year, while hoping to spend $37,368 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: 58/16/26 Blend
44$958,000$958,000$958,000$958,000
45$1,061,038$1,010,264$995,415$1,114,810
46$1,129,504$1,020,007$989,002$1,161,897
47$1,203,702$1,028,976$981,122$1,208,804
48$1,284,176$1,037,092$971,686$1,259,164
49$1,371,526$1,044,274$960,601$1,313,322
50$1,466,411$1,050,432$947,770$1,371,659
51$1,569,556$1,055,475$933,092$1,434,595
52$1,681,760$1,059,302$916,460$1,502,595
53$1,803,900$1,061,809$897,762$1,576,172
54$1,936,942$1,062,882$876,881$1,655,894
55$2,081,949$1,062,402$853,696$1,742,388
56$2,240,092$1,060,243$828,078$1,836,346
57$2,412,657$1,056,271$799,895$1,938,532
58$2,601,062$1,050,342$769,005$2,049,791
59$2,806,867$1,042,306$735,264$2,171,056
60$3,031,791$1,032,002$698,518$2,303,356
61$3,277,723$1,019,259$658,608$2,447,829
62$3,546,745$1,003,898$615,366$2,605,731
63$3,841,151$985,727$568,619$2,778,448
64$4,163,465$964,544$518,184$2,967,511
65$4,516,465$940,134$463,870$3,174,609
66$4,903,215$912,270$405,479$3,401,608
67$5,327,083$880,712$342,804$3,650,566
68$5,791,784$845,206$275,626$3,923,755
69$6,301,407$805,481$203,721$4,223,684
70$6,860,456$761,255$126,850$4,553,120
71$7,473,891$712,225$44,768$4,915,118
72$8,147,177$658,073$0$5,313,046
73$8,886,333$598,463$0$5,762,506
74$9,697,989$533,038$0$6,269,745
75$10,589,450$461,423$0$6,826,935
76$11,568,761$383,220$0$7,439,152
77$12,644,786$298,009$0$8,111,990
78$13,827,291$205,348$0$8,851,615
79$15,127,031$104,767$0$9,664,823
80$16,555,861$0$0$10,559,108
81$18,126,835$0$0$11,543,469
82$19,854,341$0$0$12,646,283
83$21,754,228$0$0$13,859,235
84$23,843,957$0$0$15,193,482
85$26,142,769$0$0$16,661,322
86$28,671,861$0$0$18,276,302
87$31,454,591$0$0$20,053,349
88$34,516,692$0$0$22,008,910
89$37,886,521$0$0$24,161,107
90$41,595,319$0$0$26,529,908
91$45,677,512$0$0$29,137,313
92$50,171,033$0$0$32,007,567
93$55,117,676$0$0$35,167,382
94$60,563,497$0$0$38,646,191
95$66,559,242$0$0$42,476,429
96$73,160,829$0$0$46,693,834
97$80,429,872$0$0$51,337,785
98$88,434,267$0$0$56,451,676
99$97,248,828$0$0$62,083,323
100$106,955,993$0$0$68,285,416