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%14.5%
1 years$79,111$78,406$77,719$77,048$76,392$74,973
2 years$39,164$38,434$37,727$37,042$36,377$34,952
3 years$25,850$25,117$24,412$23,733$23,079$21,693
4 years$19,194$18,464$17,766$17,098$16,460$15,124
5 years$15,202$14,476$13,787$13,133$12,513$11,230
6 years$12,541$11,821$11,142$10,503$9,901$8,673
7 years$10,641$9,927$9,259$8,635$8,052$6,880
8 years$9,217$8,509$7,852$7,244$6,680$5,563
9 years$8,110$7,409$6,763$6,170$5,626$4,563
10 years$7,225$6,531$5,896$5,319$4,793$3,784
11 years$6,501$5,814$5,191$4,629$4,122$3,165
12 years$5,898$5,218$4,607$4,060$3,572$2,666
13 years$5,389$4,716$4,116$3,584$3,115$2,258
14 years$4,952$4,286$3,698$3,182$2,731$1,922
15 years$4,575$3,916$3,339$2,838$2,404$1,642
16 years$4,244$3,593$3,027$2,541$2,125$1,407
17 years$3,953$3,309$2,755$2,283$1,884$1,209
18 years$3,695$3,057$2,515$2,057$1,675$1,041
19 years$3,464$2,833$2,302$1,859$1,493$898
20 years$3,256$2,633$2,113$1,684$1,334$776
21 years$3,068$2,453$1,943$1,528$1,194$672
22 years$2,898$2,289$1,791$1,389$1,070$582
23 years$2,743$2,141$1,654$1,265$960$505
24 years$2,600$2,006$1,529$1,154$863$439
25 years$2,470$1,883$1,417$1,054$777$381
26 years$2,350$1,769$1,314$964$700$331
27 years$2,238$1,665$1,220$882$631$288
28 years$2,135$1,569$1,134$808$569$251
29 years$2,039$1,480$1,055$741$514$219
30 years$1,950$1,398$983$680$464$190
31 years$1,867$1,322$916$625$420$166
32 years$1,789$1,250$855$574$380$145
33 years$1,716$1,184$798$528$344$126
34 years$1,647$1,122$746$486$311$110
35 years$1,582$1,065$697$447$282$96
36 years$1,522$1,010$652$412$255$84
37 years$1,464$960$611$379$231$73
38 years$1,410$912$572$350$210$64
39 years$1,358$867$536$322$190$56
40 years$1,310$825$502$297$173$49
41 years$1,264$785$471$274$157$42
42 years$1,220$748$442$253$142$37
43 years$1,178$713$414$234$129$32
44 years$1,138$679$389$216$117$28
45 years$1,100$648$365$199$106$25
46 years$1,064$618$343$184$96$21
47 years$1,030$590$322$170$88$19
48 years$997$563$303$157$80$16
49 years$965$538$285$145$72$14
50 years$935$514$268$134$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $958,000, adding $3,075 every year, while hoping to spend $34,482 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: 36/39/25 Blend
44$958,000$958,000$958,000$958,000
45$1,058,888$1,008,114$993,265$1,088,943
46$1,130,206$1,020,823$989,851$1,124,112
47$1,207,643$1,032,999$985,166$1,158,678
48$1,291,786$1,044,579$979,133$1,195,315
49$1,383,282$1,055,498$971,668$1,234,230
50$1,482,842$1,065,683$962,685$1,275,655
51$1,591,249$1,075,059$952,092$1,319,845
52$1,709,365$1,083,544$939,795$1,367,085
53$1,838,135$1,091,054$925,693$1,417,689
54$1,978,605$1,097,495$909,684$1,472,007
55$2,131,921$1,102,771$891,657$1,530,426
56$2,299,348$1,106,777$871,498$1,593,377
57$2,482,277$1,109,404$849,088$1,661,334
58$2,682,238$1,110,535$824,302$1,734,825
59$2,900,919$1,110,043$797,009$1,814,435
60$3,140,176$1,107,799$767,072$1,900,811
61$3,402,053$1,103,660$734,347$1,994,669
62$3,688,801$1,097,478$698,687$2,096,802
63$4,002,899$1,089,094$659,933$2,208,091
64$4,347,077$1,078,343$617,923$2,329,506
65$4,724,342$1,065,044$572,487$2,462,124
66$5,138,004$1,049,011$523,444$2,607,135
67$5,591,711$1,030,043$470,610$2,765,856
68$6,089,479$1,007,928$413,789$2,939,745
69$6,635,733$982,444$352,779$3,130,412
70$7,235,347$953,353$287,366$3,339,640
71$7,893,688$920,403$217,328$3,569,397
72$8,616,671$883,330$142,436$3,821,863
73$9,410,810$841,851$62,445$4,099,443
74$10,283,281$795,670$0$4,404,798
75$11,241,989$744,472$0$4,746,982
76$12,295,646$687,924$0$5,141,302
77$13,453,844$625,675$0$5,574,747
78$14,727,157$557,354$0$6,051,358
79$16,127,229$482,567$0$6,575,593
80$17,666,893$400,899$0$7,152,373
81$19,360,285$311,912$0$7,787,125
82$21,222,981$215,142$0$8,485,841
83$23,272,142$110,102$0$9,255,125
84$25,526,677$0$0$10,102,269
85$28,007,419$0$0$11,036,913
86$30,737,323$0$0$12,117,583
87$33,741,682$0$0$13,307,062
88$37,048,363$0$0$14,616,401
89$40,688,074$0$0$16,057,783
90$44,694,650$0$0$17,644,626
91$49,105,373$0$0$19,391,719
92$53,961,324$0$0$21,315,357
93$59,307,768$0$0$23,433,495
94$65,194,585$0$0$25,765,918
95$71,676,737$0$0$28,334,427
96$78,814,785$0$0$31,163,047
97$86,675,466$0$0$34,278,249
98$95,332,316$0$0$37,709,204
99$104,866,366$0$0$41,488,055
100$115,366,910$0$0$45,650,223