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%12.7%
1 years$79,193$78,488$77,800$77,128$76,472$75,610
2 years$39,205$38,474$37,767$37,081$36,415$35,548
3 years$25,877$25,143$24,438$23,758$23,103$22,257
4 years$19,214$18,483$17,784$17,116$16,477$15,659
5 years$15,218$14,491$13,801$13,147$12,526$11,737
6 years$12,554$11,833$11,154$10,514$9,911$9,154
7 years$10,652$9,937$9,269$8,644$8,061$7,334
8 years$9,227$8,518$7,861$7,251$6,687$5,992
9 years$8,119$7,417$6,770$6,176$5,631$4,968
10 years$7,232$6,537$5,903$5,324$4,798$4,165
11 years$6,508$5,820$5,196$4,634$4,127$3,523
12 years$5,905$5,224$4,612$4,064$3,576$3,002
13 years$5,395$4,721$4,120$3,588$3,118$2,573
14 years$4,958$4,291$3,702$3,185$2,734$2,216
15 years$4,579$3,920$3,342$2,841$2,407$1,917
16 years$4,249$3,596$3,030$2,543$2,127$1,663
17 years$3,957$3,312$2,758$2,285$1,886$1,448
18 years$3,698$3,061$2,517$2,059$1,677$1,263
19 years$3,467$2,836$2,304$1,861$1,495$1,104
20 years$3,259$2,636$2,115$1,685$1,335$967
21 years$3,071$2,455$1,945$1,530$1,195$849
22 years$2,901$2,292$1,793$1,391$1,071$746
23 years$2,745$2,143$1,655$1,267$961$656
24 years$2,603$2,008$1,531$1,155$864$578
25 years$2,472$1,885$1,418$1,055$778$509
26 years$2,352$1,771$1,315$965$700$449
27 years$2,241$1,667$1,221$883$631$396
28 years$2,137$1,571$1,135$809$570$350
29 years$2,041$1,482$1,056$742$515$309
30 years$1,952$1,399$984$681$465$273
31 years$1,869$1,323$917$625$420$242
32 years$1,791$1,252$856$575$380$214
33 years$1,717$1,185$799$528$344$189
34 years$1,649$1,124$747$486$312$168
35 years$1,584$1,066$698$448$282$148
36 years$1,523$1,011$653$412$256$132
37 years$1,466$961$611$380$232$117
38 years$1,411$913$572$350$210$103
39 years$1,360$868$536$323$190$92
40 years$1,311$826$503$298$173$81
41 years$1,265$786$471$275$157$72
42 years$1,221$749$442$254$142$64
43 years$1,179$713$415$234$129$57
44 years$1,139$680$389$216$117$50
45 years$1,102$649$366$200$106$44
46 years$1,065$619$343$184$97$39
47 years$1,031$590$323$170$88$35
48 years$998$564$303$157$80$31
49 years$966$538$285$145$72$28
50 years$936$514$268$134$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $959,000, adding $5,349 every year, while hoping to spend $59,091 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: 30/45/25 Blend
44$959,000$959,000$959,000$959,000
45$1,062,335$1,011,508$996,644$1,085,862
46$1,107,821$998,200$967,159$1,091,173
47$1,155,966$982,259$934,706$1,091,300
48$1,206,979$963,494$899,123$1,090,238
49$1,261,088$941,702$860,241$1,087,922
50$1,318,543$916,669$817,882$1,084,288
51$1,379,615$888,167$771,863$1,079,271
52$1,444,605$855,956$721,989$1,072,806
53$1,513,838$819,781$668,059$1,064,829
54$1,587,672$779,373$609,861$1,055,278
55$1,666,499$734,447$547,176$1,044,089
56$1,750,748$684,701$479,773$1,031,203
57$1,840,889$629,817$407,411$1,016,564
58$1,937,440$569,458$329,839$1,000,119
59$2,040,965$503,268$246,795$981,818
60$2,152,086$430,870$158,005$961,619
61$2,271,484$351,868$63,183$939,486
62$2,399,907$265,841$0$915,392
63$2,538,176$172,346$0$899,455
64$2,687,194$70,914$0$900,177
65$2,847,949$0$0$900,779
66$3,021,532$0$0$920,660
67$3,209,138$0$0$980,218
68$3,412,081$0$0$1,044,768
69$3,631,805$0$0$1,114,786
70$3,869,900$0$0$1,190,794
71$4,128,112$0$0$1,273,368
72$4,408,361$0$0$1,363,140
73$4,712,759$0$0$1,460,805
74$5,043,631$0$0$1,567,128
75$5,403,532$0$0$1,682,952
76$5,795,274$0$0$1,809,203
77$6,221,953$0$0$1,946,902
78$6,686,973$0$0$2,097,170
79$7,194,081$0$0$2,261,244
80$7,747,404$0$0$2,440,483
81$8,351,481$0$0$2,636,385
82$9,011,309$0$0$2,850,599
83$9,732,392$0$0$3,084,940
84$10,520,785$0$0$3,341,406
85$11,383,159$0$0$3,622,199
86$12,326,857$0$0$3,929,741
87$13,359,963$0$0$4,266,703
88$14,491,384$0$0$4,636,022
89$15,730,924$0$0$5,040,937
90$17,089,381$0$0$5,485,012
91$18,578,649$0$0$5,972,175
92$20,211,826$0$0$6,506,751
93$22,003,339$0$0$7,093,504
94$23,969,079$0$0$7,737,682
95$26,126,548$0$0$8,445,066
96$28,495,026$0$0$9,222,026
97$31,095,751$0$0$10,075,575
98$33,952,119$0$0$11,013,443
99$37,089,902$0$0$12,044,143
100$40,537,490$0$0$13,177,056