Can I retire at age 45 with 955,000?

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 $955,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$78,863$78,161$77,475$76,806$76,153$75,800
2 years$39,041$38,314$37,609$36,926$36,263$35,907
3 years$25,769$25,039$24,336$23,659$23,007$22,659
4 years$19,134$18,406$17,710$17,045$16,409$16,071
5 years$15,154$14,431$13,744$13,092$12,474$12,147
6 years$12,502$11,784$11,107$10,470$9,870$9,555
7 years$10,608$9,896$9,230$8,608$8,027$7,724
8 years$9,188$8,483$7,828$7,221$6,659$6,368
9 years$8,085$7,386$6,742$6,151$5,608$5,329
10 years$7,202$6,510$5,878$5,302$4,778$4,511
11 years$6,481$5,796$5,175$4,614$4,109$3,854
12 years$5,880$5,202$4,592$4,047$3,561$3,317
13 years$5,372$4,701$4,103$3,573$3,105$2,873
14 years$4,937$4,273$3,687$3,172$2,722$2,500
15 years$4,560$3,903$3,329$2,829$2,397$2,186
16 years$4,231$3,581$3,018$2,533$2,118$1,917
17 years$3,941$3,298$2,746$2,276$1,878$1,687
18 years$3,683$3,048$2,507$2,051$1,670$1,489
19 years$3,453$2,825$2,295$1,853$1,489$1,317
20 years$3,246$2,625$2,106$1,678$1,330$1,167
21 years$3,059$2,445$1,937$1,523$1,190$1,036
22 years$2,889$2,282$1,785$1,385$1,067$921
23 years$2,734$2,134$1,649$1,261$957$820
24 years$2,592$2,000$1,525$1,150$861$731
25 years$2,462$1,877$1,412$1,051$774$652
26 years$2,342$1,764$1,310$961$697$583
27 years$2,231$1,660$1,216$879$629$521
28 years$2,128$1,564$1,131$806$567$466
29 years$2,033$1,476$1,052$739$512$417
30 years$1,944$1,394$980$678$463$374
31 years$1,861$1,317$914$623$419$335
32 years$1,783$1,247$852$572$379$300
33 years$1,710$1,181$796$526$343$269
34 years$1,642$1,119$744$484$310$242
35 years$1,577$1,061$695$446$281$217
36 years$1,517$1,007$650$411$255$195
37 years$1,460$957$609$378$231$175
38 years$1,405$909$570$349$209$157
39 years$1,354$865$534$321$190$141
40 years$1,306$823$501$296$172$127
41 years$1,260$783$469$274$156$114
42 years$1,216$746$440$252$142$102
43 years$1,174$710$413$233$129$92
44 years$1,135$677$388$215$117$83
45 years$1,097$646$364$199$106$74
46 years$1,061$616$342$184$96$67
47 years$1,027$588$321$170$87$60
48 years$994$561$302$157$79$54
49 years$962$536$284$145$72$49
50 years$932$512$267$134$65$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $955,000, adding $4,129 every year, while hoping to spend $42,975 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: 57/33/10 Blend
44$955,000$955,000$955,000$955,000
45$1,056,669$1,006,054$991,252$1,114,117
46$1,118,724$1,009,626$978,733$1,156,921
47$1,185,669$1,011,932$964,356$1,198,395
48$1,257,956$1,012,865$948,010$1,242,551
49$1,336,084$1,012,312$929,585$1,289,650
50$1,420,600$1,010,151$908,962$1,339,981
51$1,512,106$1,006,254$886,017$1,393,866
52$1,611,264$1,000,483$860,622$1,451,659
53$1,718,801$992,695$832,641$1,513,754
54$1,835,517$982,735$801,933$1,580,586
55$1,962,293$970,442$768,350$1,652,636
56$2,100,095$955,642$731,738$1,730,436
57$2,249,989$938,153$691,936$1,814,575
58$2,413,146$917,781$648,774$1,905,705
59$2,590,856$894,321$602,077$2,004,547
60$2,784,537$867,556$551,660$2,111,897
61$2,995,749$837,256$497,330$2,228,636
62$3,226,212$803,178$438,887$2,355,740
63$3,477,816$765,064$376,120$2,494,286
64$3,752,643$722,642$308,810$2,645,464
65$4,052,986$675,625$236,728$2,810,591
66$4,381,367$623,707$159,635$2,991,121
67$4,740,564$566,567$77,281$3,188,664
68$5,133,637$503,864$0$3,404,996
69$5,563,954$435,239$0$3,643,212
70$6,035,224$360,313$0$3,913,223
71$6,551,532$278,683$0$4,209,200
72$7,117,375$189,925$0$4,533,824
73$7,737,709$93,593$0$4,890,050
74$8,417,989$0$0$5,281,142
75$9,164,225$0$0$5,714,619
76$9,983,036$0$0$6,227,631
77$10,881,714$0$0$6,790,769
78$11,868,290$0$0$7,409,076
79$12,951,612$0$0$8,088,108
80$14,141,423$0$0$8,833,986
81$15,448,461$0$0$9,653,451
82$16,884,552$0$0$10,553,932
83$18,462,726$0$0$11,543,610
84$20,197,335$0$0$12,631,500
85$22,104,195$0$0$13,827,534
86$24,200,725$0$0$15,142,654
87$26,506,122$0$0$16,588,914
88$29,041,533$0$0$18,179,596
89$31,830,257$0$0$19,929,335
90$34,897,964$0$0$21,854,252
91$38,272,940$0$0$23,972,113
92$41,986,349$0$0$26,302,491
93$46,072,526$0$0$28,866,952
94$50,569,306$0$0$31,689,258
95$55,518,375$0$0$34,795,593
96$60,965,666$0$0$38,214,806
97$66,961,789$0$0$41,978,686
98$73,562,512$0$0$46,122,259
99$80,829,283$0$0$50,684,122
100$88,829,812$0$0$55,706,803