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%20%
1 years$79,193$78,488$77,800$77,128$76,472$73,409
2 years$39,205$38,474$37,767$37,081$36,415$33,368
3 years$25,877$25,143$24,438$23,758$23,103$20,167
4 years$19,214$18,483$17,784$17,116$16,477$13,675
5 years$15,218$14,491$13,801$13,147$12,526$9,865
6 years$12,554$11,833$11,154$10,514$9,911$7,393
7 years$10,652$9,937$9,269$8,644$8,061$5,684
8 years$9,227$8,518$7,861$7,251$6,687$4,449
9 years$8,119$7,417$6,770$6,176$5,631$3,529
10 years$7,232$6,537$5,903$5,324$4,798$2,828
11 years$6,508$5,820$5,196$4,634$4,127$2,283
12 years$5,905$5,224$4,612$4,064$3,576$1,855
13 years$5,395$4,721$4,120$3,588$3,118$1,514
14 years$4,958$4,291$3,702$3,185$2,734$1,240
15 years$4,579$3,920$3,342$2,841$2,407$1,019
16 years$4,249$3,596$3,030$2,543$2,127$840
17 years$3,957$3,312$2,758$2,285$1,886$693
18 years$3,698$3,061$2,517$2,059$1,677$573
19 years$3,467$2,836$2,304$1,861$1,495$474
20 years$3,259$2,636$2,115$1,685$1,335$393
21 years$3,071$2,455$1,945$1,530$1,195$326
22 years$2,901$2,292$1,793$1,391$1,071$271
23 years$2,745$2,143$1,655$1,267$961$225
24 years$2,603$2,008$1,531$1,155$864$187
25 years$2,472$1,885$1,418$1,055$778$156
26 years$2,352$1,771$1,315$965$700$129
27 years$2,241$1,667$1,221$883$631$108
28 years$2,137$1,571$1,135$809$570$90
29 years$2,041$1,482$1,056$742$515$75
30 years$1,952$1,399$984$681$465$62
31 years$1,869$1,323$917$625$420$52
32 years$1,791$1,252$856$575$380$43
33 years$1,717$1,185$799$528$344$36
34 years$1,649$1,124$747$486$312$30
35 years$1,584$1,066$698$448$282$25
36 years$1,523$1,011$653$412$256$21
37 years$1,466$961$611$380$232$17
38 years$1,411$913$572$350$210$14
39 years$1,360$868$536$323$190$12
40 years$1,311$826$503$298$173$10
41 years$1,265$786$471$275$157$8
42 years$1,221$749$442$254$142$7
43 years$1,179$713$415$234$129$6
44 years$1,139$680$389$216$117$5
45 years$1,102$649$366$200$106$4
46 years$1,065$619$343$184$97$3
47 years$1,031$590$323$170$88$3
48 years$998$564$303$157$80$2
49 years$966$538$285$145$72$2
50 years$936$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $959,000, adding $3,298 every year, while hoping to spend $36,220 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: 34/38/28 Blend
44$959,000$959,000$959,000$959,000
45$1,060,220$1,009,393$994,528$1,087,191
46$1,129,825$1,020,315$989,307$1,118,742
47$1,205,315$1,030,559$982,697$1,149,273
48$1,287,253$1,040,053$974,614$1,181,498
49$1,376,257$1,048,720$964,968$1,215,590
50$1,473,008$1,056,479$953,666$1,251,747
51$1,578,252$1,063,244$940,612$1,290,185
52$1,692,814$1,068,924$925,703$1,331,148
53$1,817,600$1,073,419$908,832$1,374,904
54$1,953,605$1,076,626$889,888$1,421,753
55$2,101,926$1,078,435$868,753$1,472,028
56$2,263,772$1,078,727$845,305$1,526,101
57$2,440,471$1,077,379$819,417$1,584,381
58$2,633,485$1,074,257$790,954$1,647,325
59$2,844,425$1,069,221$759,776$1,715,441
60$3,075,065$1,062,121$725,737$1,789,291
61$3,327,356$1,052,799$688,683$1,869,498
62$3,603,448$1,041,087$648,455$1,956,756
63$3,905,707$1,026,808$604,886$2,051,831
64$4,236,740$1,009,772$557,800$2,155,575
65$4,599,416$989,780$507,016$2,268,930
66$4,996,898$966,621$452,342$2,392,942
67$5,432,665$940,069$393,579$2,528,768
68$5,910,552$909,887$330,519$2,677,689
69$6,434,782$875,825$262,945$2,841,126
70$7,010,006$837,617$190,630$3,020,649
71$7,641,347$794,981$113,337$3,217,997
72$8,334,449$747,620$30,818$3,435,096
73$9,095,529$695,219$0$3,674,074
74$9,931,434$637,446$0$3,954,389
75$10,849,709$573,949$0$4,272,481
76$11,858,664$504,357$0$4,622,099
77$12,967,454$428,277$0$5,006,516
78$14,186,165$345,294$0$5,429,344
79$15,525,911$254,970$0$5,894,572
80$16,998,932$156,842$0$6,406,602
81$18,618,716$50,420$0$6,970,291
82$20,400,125$0$0$7,591,002
83$22,359,529$0$0$8,301,749
84$24,514,968$0$0$9,106,958
85$26,886,318$0$0$9,992,988
86$29,495,475$0$0$10,968,043
87$32,366,570$0$0$12,041,160
88$35,526,187$0$0$13,222,298
89$39,003,619$0$0$14,522,429
90$42,831,142$0$0$15,953,645
91$47,044,321$0$0$17,529,268
92$51,682,343$0$0$19,263,977
93$56,788,387$0$0$21,173,949
94$62,410,034$0$0$23,277,006
95$68,599,708$0$0$25,592,789
96$75,415,181$0$0$28,142,941
97$82,920,109$0$0$30,951,308
98$91,184,636$0$0$34,044,170
99$100,286,054$0$0$37,450,481
100$110,309,536$0$0$41,202,151