Can I retire at age 45 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$79,111$78,406$77,719$77,048$76,392$74,973
2 years$39,164$38,434$37,727$37,042$36,377$34,952
3 years$25,850$25,117$24,412$23,733$23,079$21,693
4 years$19,194$18,464$17,766$17,098$16,460$15,124
5 years$15,202$14,476$13,787$13,133$12,513$11,230
6 years$12,541$11,821$11,142$10,503$9,901$8,673
7 years$10,641$9,927$9,259$8,635$8,052$6,880
8 years$9,217$8,509$7,852$7,244$6,680$5,563
9 years$8,110$7,409$6,763$6,170$5,626$4,563
10 years$7,225$6,531$5,896$5,319$4,793$3,784
11 years$6,501$5,814$5,191$4,629$4,122$3,165
12 years$5,898$5,218$4,607$4,060$3,572$2,666
13 years$5,389$4,716$4,116$3,584$3,115$2,258
14 years$4,952$4,286$3,698$3,182$2,731$1,922
15 years$4,575$3,916$3,339$2,838$2,404$1,642
16 years$4,244$3,593$3,027$2,541$2,125$1,407
17 years$3,953$3,309$2,755$2,283$1,884$1,209
18 years$3,695$3,057$2,515$2,057$1,675$1,041
19 years$3,464$2,833$2,302$1,859$1,493$898
20 years$3,256$2,633$2,113$1,684$1,334$776
21 years$3,068$2,453$1,943$1,528$1,194$672
22 years$2,898$2,289$1,791$1,389$1,070$582
23 years$2,743$2,141$1,654$1,265$960$505
24 years$2,600$2,006$1,529$1,154$863$439
25 years$2,470$1,883$1,417$1,054$777$381
26 years$2,350$1,769$1,314$964$700$331
27 years$2,238$1,665$1,220$882$631$288
28 years$2,135$1,569$1,134$808$569$251
29 years$2,039$1,480$1,055$741$514$219
30 years$1,950$1,398$983$680$464$190
31 years$1,867$1,322$916$625$420$166
32 years$1,789$1,250$855$574$380$145
33 years$1,716$1,184$798$528$344$126
34 years$1,647$1,122$746$486$311$110
35 years$1,582$1,065$697$447$282$96
36 years$1,522$1,010$652$412$255$84
37 years$1,464$960$611$379$231$73
38 years$1,410$912$572$350$210$64
39 years$1,358$867$536$322$190$56
40 years$1,310$825$502$297$173$49
41 years$1,264$785$471$274$157$42
42 years$1,220$748$442$253$142$37
43 years$1,178$713$414$234$129$32
44 years$1,138$679$389$216$117$28
45 years$1,100$648$365$199$106$25
46 years$1,064$618$343$184$96$21
47 years$1,030$590$322$170$88$19
48 years$997$563$303$157$80$16
49 years$965$538$285$145$72$14
50 years$935$514$268$134$66$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $958,000, adding $3,094 every year, while hoping to spend $43,597 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: 44/50/6 Blend
44$958,000$958,000$958,000$958,000
45$1,058,907$1,008,133$993,284$1,103,575
46$1,120,529$1,011,145$980,173$1,137,760
47$1,186,975$1,012,843$965,160$1,170,042
48$1,258,691$1,013,117$948,138$1,204,012
49$1,336,168$1,011,850$928,991$1,239,838
50$1,419,943$1,008,917$907,598$1,277,708
51$1,510,610$1,004,186$883,835$1,317,834
52$1,608,818$997,517$857,569$1,360,448
53$1,715,283$988,761$828,664$1,405,812
54$1,830,792$977,761$796,974$1,454,215
55$1,956,211$964,349$762,351$1,505,980
56$2,092,491$948,348$724,636$1,561,466
57$2,240,678$929,571$683,664$1,621,072
58$2,401,926$907,818$639,266$1,685,242
59$2,577,500$882,880$591,259$1,754,469
60$2,768,797$854,532$539,458$1,829,300
61$2,977,350$822,540$483,666$1,910,345
62$3,204,849$786,654$423,678$1,998,279
63$3,453,153$746,609$359,280$2,093,851
64$3,724,308$702,127$290,249$2,197,893
65$4,020,567$652,911$216,353$2,311,330
66$4,344,411$598,649$137,346$2,435,184
67$4,698,570$539,012$52,976$2,570,591
68$5,086,050$473,650$0$2,718,809
69$5,510,163$402,194$0$2,883,607
70$5,974,553$324,255$0$3,067,929
71$6,483,235$239,421$0$3,270,112
72$7,040,630$147,258$0$3,492,072
73$7,651,606$47,306$0$3,735,928
74$8,321,527$0$0$4,004,026
75$9,056,296$0$0$4,332,480
76$9,862,421$0$0$4,721,504
77$10,747,066$0$0$5,148,542
78$11,718,122$0$0$5,617,419
79$12,784,285$0$0$6,132,349
80$13,955,129$0$0$6,697,974
81$15,241,206$0$0$7,319,406
82$16,654,136$0$0$8,002,279
83$18,206,722$0$0$8,752,798
84$19,913,068$0$0$9,577,800
85$21,788,714$0$0$10,484,817
86$23,850,777$0$0$11,482,147
87$26,118,119$0$0$12,578,934
88$28,611,519$0$0$13,785,249
89$31,353,869$0$0$15,112,191
90$34,370,395$0$0$16,571,988
91$37,688,887$0$0$18,178,112
92$41,339,966$0$0$19,945,408
93$45,357,369$0$0$21,890,232
94$49,778,271$0$0$24,030,605
95$54,643,629$0$0$26,386,384
96$59,998,575$0$0$28,979,450
97$65,892,837$0$0$31,833,911
98$72,381,207$0$0$34,976,331
99$79,524,061$0$0$38,435,983
100$87,387,924$0$0$42,245,118