Can I retire at age 45 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$79,193$78,488$77,800$77,128$76,472$74,322
2 years$39,205$38,474$37,767$37,081$36,415$34,266
3 years$25,877$25,143$24,438$23,758$23,103$21,021
4 years$19,214$18,483$17,784$17,116$16,477$14,479
5 years$15,218$14,491$13,801$13,147$12,526$10,617
6 years$12,554$11,833$11,154$10,514$9,911$8,093
7 years$10,652$9,937$9,269$8,644$8,061$6,333
8 years$9,227$8,518$7,861$7,251$6,687$5,049
9 years$8,119$7,417$6,770$6,176$5,631$4,082
10 years$7,232$6,537$5,903$5,324$4,798$3,335
11 years$6,508$5,820$5,196$4,634$4,127$2,748
12 years$5,905$5,224$4,612$4,064$3,576$2,278
13 years$5,395$4,721$4,120$3,588$3,118$1,899
14 years$4,958$4,291$3,702$3,185$2,734$1,590
15 years$4,579$3,920$3,342$2,841$2,407$1,336
16 years$4,249$3,596$3,030$2,543$2,127$1,125
17 years$3,957$3,312$2,758$2,285$1,886$950
18 years$3,698$3,061$2,517$2,059$1,677$804
19 years$3,467$2,836$2,304$1,861$1,495$682
20 years$3,259$2,636$2,115$1,685$1,335$578
21 years$3,071$2,455$1,945$1,530$1,195$492
22 years$2,901$2,292$1,793$1,391$1,071$418
23 years$2,745$2,143$1,655$1,267$961$356
24 years$2,603$2,008$1,531$1,155$864$303
25 years$2,472$1,885$1,418$1,055$778$259
26 years$2,352$1,771$1,315$965$700$220
27 years$2,241$1,667$1,221$883$631$188
28 years$2,137$1,571$1,135$809$570$161
29 years$2,041$1,482$1,056$742$515$137
30 years$1,952$1,399$984$681$465$117
31 years$1,869$1,323$917$625$420$100
32 years$1,791$1,252$856$575$380$85
33 years$1,717$1,185$799$528$344$73
34 years$1,649$1,124$747$486$312$62
35 years$1,584$1,066$698$448$282$53
36 years$1,523$1,011$653$412$256$46
37 years$1,466$961$611$380$232$39
38 years$1,411$913$572$350$210$33
39 years$1,360$868$536$323$190$29
40 years$1,311$826$503$298$173$24
41 years$1,265$786$471$275$157$21
42 years$1,221$749$442$254$142$18
43 years$1,179$713$415$234$129$15
44 years$1,139$680$389$216$117$13
45 years$1,102$649$366$200$106$11
46 years$1,065$619$343$184$97$10
47 years$1,031$590$323$170$88$8
48 years$998$564$303$157$80$7
49 years$966$538$285$145$72$6
50 years$936$514$268$134$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $959,000, adding $6,179 every year, while hoping to spend $35,837 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: 23/47/30 Blend
44$959,000$959,000$959,000$959,000
45$1,063,192$1,012,365$997,500$1,077,517
46$1,133,507$1,023,840$992,786$1,102,052
47$1,209,793$1,034,677$986,713$1,124,915
48$1,292,622$1,044,806$979,198$1,148,643
49$1,382,621$1,054,153$970,152$1,173,330
50$1,480,482$1,062,640$959,486$1,199,086
51$1,586,965$1,070,183$947,103$1,226,031
52$1,702,906$1,076,693$932,902$1,254,304
53$1,829,227$1,082,076$916,778$1,284,057
54$1,966,940$1,086,229$898,622$1,315,465
55$2,117,161$1,089,047$878,319$1,348,721
56$2,281,116$1,090,416$855,748$1,384,044
57$2,460,157$1,090,213$830,782$1,421,675
58$2,655,771$1,088,311$803,291$1,461,890
59$2,869,594$1,084,573$773,136$1,504,992
60$3,103,430$1,078,855$740,174$1,551,322
61$3,359,263$1,071,002$704,253$1,601,261
62$3,639,279$1,060,852$665,216$1,655,234
63$3,945,883$1,048,231$622,898$1,713,715
64$4,281,726$1,032,957$577,128$1,777,232
65$4,649,726$1,014,836$527,726$1,846,372
66$5,053,097$993,662$474,503$1,921,791
67$5,495,378$969,216$417,264$2,004,219
68$5,980,468$941,269$355,804$2,094,466
69$6,512,660$909,577$289,909$2,193,433
70$7,096,686$873,880$219,355$2,302,124
71$7,737,753$833,906$143,909$2,421,652
72$8,441,602$789,365$63,327$2,553,252
73$9,214,553$739,951$0$2,698,298
74$10,063,569$685,341$0$2,865,570
75$10,996,324$625,193$0$3,071,606
76$12,021,266$559,145$0$3,298,075
77$13,147,708$486,815$0$3,547,151
78$14,385,905$407,800$0$3,821,231
79$15,747,157$321,672$0$4,122,969
80$17,243,915$227,982$0$4,455,298
81$18,889,895$126,254$0$4,821,458
82$20,700,208$15,984$0$5,225,032
83$22,691,505$0$0$5,669,978
84$24,882,130$0$0$6,214,122
85$27,292,295$0$0$6,822,089
86$29,944,272$0$0$7,491,253
87$32,862,597$0$0$8,227,831
88$36,074,308$0$0$9,038,674
89$39,609,194$0$0$9,931,327
90$43,500,081$0$0$10,914,109
91$47,783,137$0$0$11,996,183
92$52,498,216$0$0$13,187,646
93$57,689,230$0$0$14,499,626
94$63,404,568$0$0$15,944,384
95$69,697,548$0$0$17,535,429
96$76,626,922$0$0$19,287,650
97$84,257,429$0$0$21,217,450
98$92,660,406$0$0$23,342,908
99$101,914,462$0$0$25,683,943
100$112,106,216$0$0$28,262,505