Can I retire at age 45 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$78,780$78,079$77,394$76,726$76,073$74,325
2 years$39,000$38,274$37,570$36,887$36,225$34,473
3 years$25,742$25,012$24,310$23,634$22,983$21,282
4 years$19,114$18,387$17,692$17,027$16,392$14,755
5 years$15,138$14,415$13,729$13,078$12,461$10,893
6 years$12,489$11,771$11,095$10,459$9,860$8,363
7 years$10,597$9,886$9,220$8,599$8,019$6,593
8 years$9,179$8,474$7,820$7,213$6,652$5,297
9 years$8,076$7,378$6,735$6,144$5,602$4,316
10 years$7,195$6,503$5,872$5,296$4,773$3,555
11 years$6,474$5,789$5,169$4,609$4,105$2,953
12 years$5,874$5,196$4,588$4,043$3,557$2,470
13 years$5,366$4,696$4,099$3,569$3,102$2,077
14 years$4,932$4,268$3,683$3,169$2,719$1,754
15 years$4,556$3,899$3,325$2,826$2,394$1,487
16 years$4,227$3,578$3,015$2,530$2,116$1,264
17 years$3,937$3,295$2,743$2,273$1,876$1,078
18 years$3,679$3,045$2,504$2,049$1,668$921
19 years$3,449$2,822$2,292$1,851$1,487$788
20 years$3,242$2,622$2,104$1,677$1,328$676
21 years$3,055$2,442$1,935$1,522$1,189$580
22 years$2,886$2,280$1,784$1,384$1,065$498
23 years$2,731$2,132$1,647$1,260$956$429
24 years$2,590$1,998$1,523$1,149$860$369
25 years$2,460$1,875$1,411$1,050$774$318
26 years$2,340$1,762$1,308$960$697$274
27 years$2,229$1,658$1,215$878$628$236
28 years$2,126$1,563$1,129$805$567$204
29 years$2,031$1,474$1,051$738$512$176
30 years$1,942$1,392$979$677$462$152
31 years$1,859$1,316$913$622$418$131
32 years$1,781$1,245$852$572$378$113
33 years$1,708$1,179$795$526$342$98
34 years$1,640$1,118$743$484$310$84
35 years$1,576$1,060$695$445$281$73
36 years$1,515$1,006$650$410$254$63
37 years$1,458$956$608$378$230$55
38 years$1,404$908$569$348$209$47
39 years$1,353$864$534$321$189$41
40 years$1,304$822$500$296$172$35
41 years$1,258$782$469$273$156$30
42 years$1,215$745$440$252$141$26
43 years$1,173$710$413$233$128$23
44 years$1,133$677$387$215$117$20
45 years$1,096$645$364$199$106$17
46 years$1,060$615$342$183$96$15
47 years$1,026$587$321$169$87$13
48 years$993$561$302$157$79$11
49 years$961$535$284$145$72$10
50 years$931$511$267$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $954,000, adding $5,061 every year, while hoping to spend $26,515 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: 64/12/24 Blend
44$954,000$954,000$954,000$954,000
45$1,056,528$1,005,966$991,179$1,117,218
46$1,136,083$1,027,047$996,172$1,179,866
47$1,222,863$1,048,272$1,000,444$1,244,872
48$1,317,577$1,069,620$1,003,941$1,315,300
49$1,421,008$1,091,069$1,006,611$1,391,684
50$1,534,013$1,112,593$1,008,394$1,474,613
51$1,657,538$1,134,166$1,009,231$1,564,736
52$1,792,625$1,155,759$1,009,059$1,662,768
53$1,940,421$1,177,339$1,007,810$1,769,497
54$2,102,187$1,198,872$1,005,416$1,885,791
55$2,279,315$1,220,322$1,001,802$2,012,610
56$2,473,335$1,241,647$996,892$2,151,008
57$2,685,934$1,262,806$990,606$2,302,150
58$2,918,967$1,283,752$982,860$2,467,318
59$3,174,480$1,304,435$973,564$2,647,927
60$3,454,726$1,324,801$962,628$2,845,535
61$3,762,185$1,344,793$949,953$3,061,861
62$4,099,590$1,364,350$935,438$3,298,799
63$4,469,951$1,383,405$918,978$3,558,439
64$4,876,582$1,401,889$900,460$3,843,081
65$5,323,137$1,419,725$879,769$4,155,263
66$5,813,639$1,436,833$856,783$4,497,783
67$6,352,519$1,453,127$831,374$4,873,724
68$6,944,661$1,468,515$803,410$5,286,486
69$7,595,443$1,482,899$772,751$5,739,814
70$8,310,791$1,496,174$739,251$6,237,840
71$9,097,234$1,508,229$702,758$6,785,117
72$9,961,965$1,518,945$663,113$7,386,662
73$10,912,907$1,528,195$620,150$8,048,009
74$11,958,793$1,535,846$573,694$8,775,254
75$13,109,241$1,541,754$523,564$9,575,119
76$14,374,851$1,545,767$469,570$10,455,014
77$15,767,299$1,547,723$411,514$11,423,104
78$17,299,453$1,547,451$349,189$12,488,392
79$18,985,489$1,544,767$282,379$13,660,800
80$20,841,028$1,539,480$210,858$14,951,265
81$22,883,281$1,531,382$134,389$16,371,840
82$25,131,212$1,520,257$52,728$17,935,814
83$27,605,718$1,505,872$0$19,657,831
84$30,329,825$1,487,982$0$21,562,847
85$33,328,902$1,466,329$0$23,674,823
86$36,630,906$1,440,635$0$25,999,923
87$40,266,642$1,410,610$0$28,559,837
88$44,270,054$1,375,944$0$31,378,464
89$48,678,544$1,336,310$0$34,482,143
90$53,533,328$1,291,362$0$37,899,898
91$58,879,822$1,240,733$0$41,663,713
92$64,768,070$1,184,035$0$45,808,833
93$71,253,219$1,120,858$0$50,374,101
94$78,396,034$1,050,768$0$55,402,319
95$86,263,480$973,305$0$60,940,654
96$94,929,342$887,985$0$67,041,088
97$104,474,933$794,294$0$73,760,901
98$114,989,852$691,690$0$81,163,218
99$126,572,835$579,601$0$89,317,602
100$139,332,684$457,421$0$98,300,711