Can I retire at age 45 with 959,000?

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 $959,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$79,193$78,488$77,800$77,128$76,472$73,467
2 years$39,205$38,474$37,767$37,081$36,415$33,424
3 years$25,877$25,143$24,438$23,758$23,103$20,221
4 years$19,214$18,483$17,784$17,116$16,477$13,726
5 years$15,218$14,491$13,801$13,147$12,526$9,911
6 years$12,554$11,833$11,154$10,514$9,911$7,436
7 years$10,652$9,937$9,269$8,644$8,061$5,723
8 years$9,227$8,518$7,861$7,251$6,687$4,486
9 years$8,119$7,417$6,770$6,176$5,631$3,563
10 years$7,232$6,537$5,903$5,324$4,798$2,858
11 years$6,508$5,820$5,196$4,634$4,127$2,311
12 years$5,905$5,224$4,612$4,064$3,576$1,880
13 years$5,395$4,721$4,120$3,588$3,118$1,536
14 years$4,958$4,291$3,702$3,185$2,734$1,260
15 years$4,579$3,920$3,342$2,841$2,407$1,037
16 years$4,249$3,596$3,030$2,543$2,127$856
17 years$3,957$3,312$2,758$2,285$1,886$707
18 years$3,698$3,061$2,517$2,059$1,677$586
19 years$3,467$2,836$2,304$1,861$1,495$486
20 years$3,259$2,636$2,115$1,685$1,335$403
21 years$3,071$2,455$1,945$1,530$1,195$335
22 years$2,901$2,292$1,793$1,391$1,071$279
23 years$2,745$2,143$1,655$1,267$961$232
24 years$2,603$2,008$1,531$1,155$864$193
25 years$2,472$1,885$1,418$1,055$778$161
26 years$2,352$1,771$1,315$965$700$134
27 years$2,241$1,667$1,221$883$631$112
28 years$2,137$1,571$1,135$809$570$93
29 years$2,041$1,482$1,056$742$515$78
30 years$1,952$1,399$984$681$465$65
31 years$1,869$1,323$917$625$420$54
32 years$1,791$1,252$856$575$380$45
33 years$1,717$1,185$799$528$344$38
34 years$1,649$1,124$747$486$312$31
35 years$1,584$1,066$698$448$282$26
36 years$1,523$1,011$653$412$256$22
37 years$1,466$961$611$380$232$18
38 years$1,411$913$572$350$210$15
39 years$1,360$868$536$323$190$13
40 years$1,311$826$503$298$173$11
41 years$1,265$786$471$275$157$9
42 years$1,221$749$442$254$142$7
43 years$1,179$713$415$234$129$6
44 years$1,139$680$389$216$117$5
45 years$1,102$649$366$200$106$4
46 years$1,065$619$343$184$97$4
47 years$1,031$590$323$170$88$3
48 years$998$564$303$157$80$2
49 years$966$538$285$145$72$2
50 years$936$514$268$134$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $959,000, adding $4,238 every year, while hoping to spend $23,117 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: 48/29/23 Blend
44$959,000$959,000$959,000$959,000
45$1,061,189$1,010,362$995,498$1,105,014
46$1,144,835$1,035,274$1,004,251$1,160,971
47$1,236,237$1,060,631$1,012,522$1,219,054
48$1,336,162$1,086,432$1,020,271$1,281,658
49$1,445,456$1,112,672$1,027,456$1,349,219
50$1,565,048$1,139,348$1,034,031$1,422,217
51$1,695,961$1,166,454$1,039,949$1,501,179
52$1,839,322$1,193,984$1,045,160$1,586,689
53$1,996,373$1,221,929$1,049,613$1,679,388
54$2,168,480$1,250,281$1,053,252$1,779,984
55$2,357,149$1,279,029$1,056,020$1,889,257
56$2,564,038$1,308,161$1,057,857$2,008,065
57$2,790,974$1,337,665$1,058,699$2,137,355
58$3,039,967$1,367,524$1,058,479$2,278,170
59$3,313,233$1,397,722$1,057,128$2,431,662
60$3,613,213$1,428,241$1,054,572$2,599,098
61$3,942,595$1,459,059$1,050,734$2,781,876
62$4,304,340$1,490,153$1,045,534$2,981,535
63$4,701,710$1,521,498$1,038,887$3,199,774
64$5,138,300$1,553,067$1,030,705$3,438,464
65$5,618,068$1,584,828$1,020,894$3,699,668
66$6,145,375$1,616,749$1,009,359$3,985,660
67$6,725,027$1,648,793$995,996$4,298,946
68$7,362,317$1,680,922$980,699$4,642,291
69$8,063,078$1,713,092$963,358$5,018,738
70$8,833,736$1,745,257$943,854$5,431,646
71$9,681,370$1,777,367$922,066$5,884,715
72$10,613,780$1,809,369$897,865$6,382,024
73$11,639,560$1,841,203$871,119$6,928,071
74$12,768,180$1,872,807$841,686$7,527,811
75$14,010,073$1,904,113$809,421$8,186,707
76$15,376,735$1,935,049$774,171$8,910,783
77$16,880,832$1,965,536$735,775$9,706,677
78$18,536,320$1,995,490$694,067$10,581,706
79$20,358,577$2,024,822$648,871$11,543,935
80$22,364,549$2,053,435$600,005$12,602,256
81$24,572,906$2,081,227$547,278$13,766,467
82$27,004,221$2,108,086$490,491$15,047,370
83$29,681,164$2,133,894$429,435$16,456,871
84$32,628,715$2,158,527$363,893$18,008,094
85$35,874,397$2,181,848$293,637$19,715,504
86$39,448,543$2,203,716$218,431$21,595,043
87$43,384,572$2,223,976$138,026$23,664,286
88$47,719,313$2,242,466$52,165$25,942,601
89$52,493,348$2,259,011$0$28,451,339
90$57,751,394$2,273,427$0$31,223,715
91$63,542,728$2,285,516$0$34,290,271
92$69,921,649$2,295,070$0$37,666,850
93$76,947,994$2,301,866$0$41,385,034
94$84,687,698$2,305,665$0$45,479,628
95$93,213,419$2,306,218$0$49,988,989
96$102,605,221$2,303,257$0$54,955,385
97$112,951,334$2,296,497$0$60,425,399
98$124,348,983$2,285,638$0$66,450,368
99$136,905,306$2,270,360$0$73,086,864
100$150,738,364$2,250,325$0$80,397,234