Can I retire at age 45 with 959,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$79,193$78,488$77,800$77,128$76,472$74,563
2 years$39,205$38,474$37,767$37,081$36,415$34,504
3 years$25,877$25,143$24,438$23,758$23,103$21,249
4 years$19,214$18,483$17,784$17,116$16,477$14,695
5 years$15,218$14,491$13,801$13,147$12,526$10,821
6 years$12,554$11,833$11,154$10,514$9,911$8,285
7 years$10,652$9,937$9,269$8,644$8,061$6,512
8 years$9,227$8,518$7,861$7,251$6,687$5,217
9 years$8,119$7,417$6,770$6,176$5,631$4,238
10 years$7,232$6,537$5,903$5,324$4,798$3,480
11 years$6,508$5,820$5,196$4,634$4,127$2,882
12 years$5,905$5,224$4,612$4,064$3,576$2,402
13 years$5,395$4,721$4,120$3,588$3,118$2,013
14 years$4,958$4,291$3,702$3,185$2,734$1,694
15 years$4,579$3,920$3,342$2,841$2,407$1,431
16 years$4,249$3,596$3,030$2,543$2,127$1,213
17 years$3,957$3,312$2,758$2,285$1,886$1,030
18 years$3,698$3,061$2,517$2,059$1,677$877
19 years$3,467$2,836$2,304$1,861$1,495$748
20 years$3,259$2,636$2,115$1,685$1,335$639
21 years$3,071$2,455$1,945$1,530$1,195$546
22 years$2,901$2,292$1,793$1,391$1,071$467
23 years$2,745$2,143$1,655$1,267$961$400
24 years$2,603$2,008$1,531$1,155$864$343
25 years$2,472$1,885$1,418$1,055$778$294
26 years$2,352$1,771$1,315$965$700$253
27 years$2,241$1,667$1,221$883$631$217
28 years$2,137$1,571$1,135$809$570$187
29 years$2,041$1,482$1,056$742$515$160
30 years$1,952$1,399$984$681$465$138
31 years$1,869$1,323$917$625$420$119
32 years$1,791$1,252$856$575$380$102
33 years$1,717$1,185$799$528$344$88
34 years$1,649$1,124$747$486$312$75
35 years$1,584$1,066$698$448$282$65
36 years$1,523$1,011$653$412$256$56
37 years$1,466$961$611$380$232$48
38 years$1,411$913$572$350$210$41
39 years$1,360$868$536$323$190$36
40 years$1,311$826$503$298$173$31
41 years$1,265$786$471$275$157$26
42 years$1,221$749$442$254$142$23
43 years$1,179$713$415$234$129$20
44 years$1,139$680$389$216$117$17
45 years$1,102$649$366$200$106$15
46 years$1,065$619$343$184$97$13
47 years$1,031$590$323$170$88$11
48 years$998$564$303$157$80$9
49 years$966$538$285$145$72$8
50 years$936$514$268$134$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $959,000, adding $4,300 every year, while hoping to spend $28,485 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: 65/15/20 Blend
44$959,000$959,000$959,000$959,000
45$1,061,253$1,010,426$995,562$1,124,593
46$1,139,193$1,029,630$998,605$1,186,863
47$1,224,129$1,048,819$1,000,796$1,251,252
48$1,316,743$1,067,964$1,002,076$1,320,947
49$1,417,787$1,087,031$1,002,382$1,396,470
50$1,528,091$1,105,984$1,001,651$1,478,396
51$1,648,564$1,124,786$999,815$1,567,357
52$1,780,211$1,143,394$996,802$1,664,051
53$1,924,136$1,161,764$992,538$1,769,246
54$2,081,556$1,179,848$986,946$1,883,790
55$2,253,808$1,197,594$979,942$2,008,618
56$2,442,368$1,214,948$971,442$2,144,758
57$2,648,860$1,231,850$961,355$2,293,347
58$2,875,071$1,248,238$949,588$2,455,636
59$3,122,970$1,264,044$936,041$2,633,005
60$3,394,726$1,279,195$920,611$2,826,973
61$3,692,727$1,293,615$903,191$3,039,218
62$4,019,605$1,307,221$883,667$3,271,588
63$4,378,255$1,319,926$861,921$3,526,120
64$4,771,871$1,331,636$837,829$3,805,059
65$5,203,967$1,342,251$811,262$4,110,882
66$5,678,415$1,351,666$782,083$4,446,318
67$6,199,483$1,359,766$750,152$4,814,376
68$6,771,868$1,366,432$715,319$5,218,372
69$7,400,747$1,371,537$677,432$5,661,961
70$8,091,824$1,374,943$636,326$6,149,176
71$8,851,381$1,376,506$591,834$6,684,457
72$9,686,340$1,376,072$543,778$7,272,704
73$10,604,326$1,373,480$491,975$7,919,313
74$11,613,742$1,368,554$436,230$8,630,237
75$12,723,842$1,361,112$376,343$9,412,035
76$13,944,826$1,350,959$312,102$10,271,939
77$15,287,930$1,337,888$243,289$11,217,918
78$16,765,533$1,321,679$169,674$12,258,759
79$18,391,277$1,302,100$91,017$13,404,147
80$20,180,189$1,278,905$7,068$14,664,756
81$22,148,830$1,251,833$0$16,052,354
82$24,315,446$1,220,607$0$17,597,521
83$26,700,140$1,184,936$0$19,299,696
84$29,325,066$1,144,510$0$21,173,190
85$32,214,632$1,099,000$0$23,235,433
86$35,395,734$1,048,060$0$25,505,636
87$38,898,006$991,323$0$28,004,969
88$42,754,106$928,401$0$30,756,763
89$47,000,016$858,884$0$33,786,726
90$51,675,386$782,337$0$37,123,191
91$56,823,907$698,303$0$40,797,381
92$62,493,722$606,297$0$44,843,706
93$68,737,882$505,806$0$49,300,083
94$75,614,846$396,290$0$54,208,301
95$83,189,029$277,177$0$59,614,412
96$91,531,415$147,864$0$65,569,164
97$100,720,224$7,713$0$72,128,486
98$110,841,648$0$0$79,354,012
99$121,990,668$0$0$87,337,423
100$134,271,947$0$0$96,133,102