Can I retire at age 45 with 957,000?

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 $957,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$79,028$78,324$77,637$76,967$76,313$75,203
2 years$39,123$38,394$37,688$37,003$36,339$35,224
3 years$25,823$25,091$24,387$23,708$23,055$21,969
4 years$19,174$18,445$17,747$17,081$16,443$15,394
5 years$15,186$14,461$13,773$13,120$12,500$11,490
6 years$12,528$11,808$11,130$10,492$9,891$8,923
7 years$10,630$9,917$9,249$8,626$8,044$7,117
8 years$9,208$8,500$7,844$7,236$6,673$5,788
9 years$8,102$7,401$6,756$6,164$5,620$4,776
10 years$7,217$6,524$5,890$5,313$4,788$3,985
11 years$6,494$5,808$5,186$4,624$4,118$3,354
12 years$5,892$5,213$4,602$4,056$3,569$2,844
13 years$5,383$4,711$4,112$3,581$3,112$2,425
14 years$4,947$4,282$3,694$3,178$2,728$2,077
15 years$4,570$3,912$3,336$2,835$2,402$1,787
16 years$4,240$3,589$3,024$2,538$2,123$1,542
17 years$3,949$3,305$2,752$2,280$1,882$1,334
18 years$3,691$3,054$2,512$2,055$1,674$1,158
19 years$3,460$2,831$2,300$1,857$1,492$1,006
20 years$3,253$2,630$2,111$1,682$1,332$876
21 years$3,065$2,450$1,941$1,526$1,192$764
22 years$2,895$2,287$1,789$1,388$1,069$667
23 years$2,740$2,139$1,652$1,264$959$583
24 years$2,598$2,004$1,528$1,153$862$510
25 years$2,467$1,881$1,415$1,053$776$447
26 years$2,347$1,768$1,312$963$699$392
27 years$2,236$1,663$1,219$881$630$344
28 years$2,133$1,568$1,133$807$569$302
29 years$2,037$1,479$1,054$740$513$265
30 years$1,948$1,397$982$679$464$233
31 years$1,865$1,320$916$624$419$204
32 years$1,787$1,249$854$573$379$180
33 years$1,714$1,183$798$527$343$158
34 years$1,645$1,121$745$485$311$139
35 years$1,581$1,063$697$447$282$122
36 years$1,520$1,009$652$411$255$107
37 years$1,463$959$610$379$231$95
38 years$1,408$911$571$349$210$83
39 years$1,357$866$535$322$190$73
40 years$1,308$824$502$297$172$64
41 years$1,262$785$470$274$156$57
42 years$1,218$747$441$253$142$50
43 years$1,177$712$414$234$129$44
44 years$1,137$679$389$216$117$39
45 years$1,099$647$365$199$106$34
46 years$1,063$617$343$184$96$30
47 years$1,029$589$322$170$88$26
48 years$996$562$303$157$79$23
49 years$964$537$284$145$72$21
50 years$934$513$267$134$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $957,000, adding $5,725 every year, while hoping to spend $35,938 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: 47/47/6 Blend
44$957,000$957,000$957,000$957,000
45$1,060,519$1,009,798$994,965$1,108,413
46$1,130,455$1,021,041$990,058$1,153,095
47$1,206,319$1,031,629$983,783$1,197,308
48$1,288,679$1,041,495$976,055$1,244,441
49$1,378,157$1,050,562$966,787$1,294,774
50$1,475,441$1,058,751$955,886$1,348,620
51$1,581,285$1,065,978$943,256$1,406,320
52$1,696,517$1,072,153$928,797$1,468,254
53$1,822,053$1,077,179$912,403$1,534,841
54$1,958,897$1,080,955$893,963$1,606,545
55$2,108,155$1,083,373$873,361$1,683,879
56$2,271,045$1,084,316$850,477$1,767,409
57$2,448,908$1,083,664$825,184$1,857,761
58$2,643,218$1,081,285$797,349$1,955,627
59$2,855,600$1,077,042$766,835$2,061,771
60$3,087,843$1,070,788$733,495$2,177,040
61$3,341,915$1,062,369$697,179$2,302,367
62$3,619,985$1,051,619$657,729$2,438,784
63$3,924,439$1,038,365$614,979$2,587,431
64$4,257,907$1,022,420$568,755$2,749,569
65$4,623,283$1,003,588$518,879$2,926,588
66$5,023,757$981,663$465,160$3,120,027
67$5,462,839$956,423$407,402$3,331,584
68$5,944,397$927,637$345,399$3,563,133
69$6,472,692$895,057$278,936$3,816,748
70$7,052,414$858,423$207,788$4,094,715
71$7,688,733$817,458$131,721$4,399,561
72$8,387,340$771,870$50,490$4,734,075
73$9,154,508$721,351$0$5,101,338
74$9,997,144$665,573$0$5,507,068
75$10,922,859$604,192$0$5,956,302
76$11,940,036$536,843$0$6,449,965
77$13,057,911$463,139$0$6,992,653
78$14,286,658$382,674$0$7,589,433
79$15,637,489$295,016$0$8,245,900
80$17,122,752$199,712$0$8,968,226
81$18,756,055$96,279$0$9,763,222
82$20,552,388$0$0$10,638,401
83$22,528,269$0$0$11,610,221
84$24,701,894$0$0$12,734,200
85$27,093,316$0$0$13,970,926
86$29,724,625$0$0$15,331,839
87$32,620,163$0$0$16,829,547
88$35,806,750$0$0$18,477,937
89$39,313,938$0$0$20,292,314
90$43,174,288$0$0$22,289,540
91$47,423,679$0$0$24,488,197
92$52,101,646$0$0$26,908,759
93$57,251,748$0$0$29,573,785
94$62,921,986$0$0$32,508,134
95$69,165,252$0$0$35,739,197
96$76,039,825$0$0$39,297,160
97$83,609,926$0$0$43,215,280
98$91,946,319$0$0$47,530,208
99$101,126,981$0$0$52,282,328
100$111,237,839$0$0$57,516,141