Can I retire at age 45 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$78,698$77,997$77,313$76,645$75,994$73,210
2 years$38,959$38,234$37,531$36,849$36,187$33,414
3 years$25,715$24,986$24,285$23,609$22,959$20,283
4 years$19,094$18,367$17,673$17,009$16,374$13,816
5 years$15,122$14,400$13,715$13,065$12,448$10,014
6 years$12,476$11,759$11,084$10,448$9,849$7,542
7 years$10,586$9,875$9,211$8,590$8,010$5,828
8 years$9,169$8,465$7,811$7,206$6,645$4,587
9 years$8,068$7,370$6,728$6,138$5,596$3,659
10 years$7,187$6,496$5,866$5,291$4,768$2,948
11 years$6,467$5,783$5,164$4,605$4,101$2,395
12 years$5,868$5,191$4,583$4,039$3,554$1,957
13 years$5,361$4,691$4,095$3,566$3,099$1,607
14 years$4,927$4,264$3,679$3,165$2,716$1,325
15 years$4,551$3,895$3,322$2,823$2,392$1,096
16 years$4,222$3,574$3,012$2,528$2,114$909
17 years$3,933$3,291$2,740$2,271$1,874$755
18 years$3,675$3,041$2,502$2,047$1,667$628
19 years$3,446$2,819$2,290$1,849$1,485$524
20 years$3,239$2,619$2,102$1,675$1,327$437
21 years$3,052$2,440$1,933$1,520$1,187$365
22 years$2,883$2,277$1,782$1,382$1,064$305
23 years$2,728$2,130$1,645$1,259$955$256
24 years$2,587$1,996$1,521$1,148$859$214
25 years$2,457$1,873$1,409$1,048$773$179
26 years$2,337$1,760$1,307$959$696$150
27 years$2,227$1,657$1,214$877$628$126
28 years$2,124$1,561$1,128$804$566$106
29 years$2,029$1,473$1,050$737$511$88
30 years$1,940$1,391$978$677$462$74
31 years$1,857$1,315$912$621$418$62
32 years$1,779$1,244$851$571$378$52
33 years$1,707$1,178$794$525$342$44
34 years$1,638$1,117$742$483$310$37
35 years$1,574$1,059$694$445$280$31
36 years$1,514$1,005$649$410$254$26
37 years$1,456$955$607$377$230$22
38 years$1,402$907$569$348$209$18
39 years$1,351$863$533$321$189$15
40 years$1,303$821$500$296$172$13
41 years$1,257$781$468$273$156$11
42 years$1,213$744$439$252$141$9
43 years$1,172$709$412$233$128$8
44 years$1,132$676$387$215$116$6
45 years$1,095$644$363$198$106$5
46 years$1,059$615$341$183$96$5
47 years$1,024$587$321$169$87$4
48 years$992$560$301$156$79$3
49 years$960$535$283$145$72$3
50 years$930$511$266$134$65$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $953,000, adding $3,328 every year, while hoping to spend $40,003 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: 28/46/26 Blend
44$953,000$953,000$953,000$953,000
45$1,053,639$1,003,130$988,358$1,074,538
46$1,118,547$1,009,720$978,905$1,097,957
47$1,188,735$1,015,293$967,795$1,119,398
48$1,264,700$1,019,756$954,930$1,141,616
49$1,346,986$1,023,011$940,207$1,164,706
50$1,436,194$1,024,954$923,519$1,188,774
51$1,532,983$1,025,474$904,755$1,213,939
52$1,638,080$1,024,454$883,796$1,240,337
53$1,752,281$1,021,770$860,520$1,268,122
54$1,876,465$1,017,287$834,799$1,297,465
55$2,011,597$1,010,868$806,498$1,328,562
56$2,158,741$1,002,361$775,476$1,361,629
57$2,319,064$991,609$741,586$1,396,914
58$2,493,855$978,444$704,676$1,434,689
59$2,684,530$962,689$664,584$1,475,265
60$2,892,647$944,155$621,142$1,518,985
61$3,119,922$922,644$574,176$1,566,236
62$3,368,244$897,944$523,500$1,617,450
63$3,639,693$869,831$468,926$1,673,110
64$3,936,558$838,069$410,251$1,733,753
65$4,261,360$802,407$347,268$1,799,982
66$4,616,875$762,582$279,758$1,872,466
67$5,006,160$718,312$207,493$1,951,953
68$5,432,580$669,301$130,236$2,039,273
69$5,899,842$615,236$47,738$2,135,354
70$6,412,029$555,786$0$2,241,225
71$6,973,637$490,600$0$2,369,213
72$7,589,618$419,309$0$2,524,271
73$8,265,426$341,522$0$2,694,636
74$9,007,068$256,826$0$2,881,961
75$9,821,163$164,785$0$3,088,077
76$10,715,001$64,938$0$3,315,011
77$11,696,610$0$0$3,565,004
78$12,774,836$0$0$3,862,407
79$13,959,425$0$0$4,225,423
80$15,261,110$0$0$4,624,491
81$16,691,719$0$0$5,063,259
82$18,264,281$0$0$5,545,743
83$19,993,148$0$0$6,076,372
84$21,894,137$0$0$6,660,020
85$23,984,669$0$0$7,302,062
86$26,283,942$0$0$8,008,418
87$28,813,105$0$0$8,785,612
88$31,595,461$0$0$9,640,829
89$34,656,685$0$0$10,581,990
90$38,025,066$0$0$11,617,820
91$41,731,774$0$0$12,757,933
92$45,811,152$0$0$14,012,923
93$50,301,044$0$0$15,394,463
94$55,243,145$0$0$16,915,416
95$60,683,400$0$0$18,589,953
96$66,672,432$0$0$20,433,691
97$73,266,024$0$0$22,463,839
98$80,525,642$0$0$24,699,358
99$88,519,015$0$0$27,161,143
100$97,320,775$0$0$29,872,217