Can I retire at age 45 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$79,276$78,570$77,881$77,208$76,552$75,006
2 years$39,245$38,515$37,806$37,119$36,453$34,903
3 years$25,904$25,170$24,463$23,783$23,127$21,621
4 years$19,234$18,502$17,803$17,134$16,495$15,043
5 years$15,234$14,506$13,816$13,161$12,539$11,147
6 years$12,567$11,845$11,165$10,525$9,922$8,590
7 years$10,664$9,948$9,278$8,653$8,069$6,799
8 years$9,236$8,527$7,869$7,259$6,694$5,484
9 years$8,127$7,424$6,777$6,183$5,637$4,488
10 years$7,240$6,544$5,909$5,330$4,803$3,712
11 years$6,515$5,826$5,202$4,638$4,131$3,097
12 years$5,911$5,229$4,617$4,068$3,580$2,602
13 years$5,400$4,725$4,125$3,592$3,122$2,198
14 years$4,963$4,295$3,706$3,188$2,736$1,866
15 years$4,584$3,924$3,346$2,844$2,409$1,589
16 years$4,253$3,600$3,034$2,546$2,129$1,358
17 years$3,961$3,316$2,760$2,288$1,888$1,164
18 years$3,702$3,064$2,520$2,062$1,679$999
19 years$3,471$2,839$2,307$1,863$1,496$860
20 years$3,263$2,639$2,117$1,687$1,337$741
21 years$3,075$2,458$1,947$1,531$1,196$639
22 years$2,904$2,294$1,795$1,392$1,072$552
23 years$2,748$2,146$1,657$1,268$962$478
24 years$2,606$2,010$1,533$1,156$865$413
25 years$2,475$1,887$1,420$1,056$778$358
26 years$2,354$1,773$1,317$966$701$310
27 years$2,243$1,669$1,223$884$632$269
28 years$2,140$1,572$1,136$810$570$234
29 years$2,044$1,483$1,058$743$515$203
30 years$1,954$1,401$985$682$465$176
31 years$1,871$1,324$918$626$421$153
32 years$1,792$1,253$857$575$381$133
33 years$1,719$1,187$800$529$344$115
34 years$1,650$1,125$748$487$312$100
35 years$1,586$1,067$699$448$282$87
36 years$1,525$1,013$654$413$256$76
37 years$1,467$962$612$380$232$66
38 years$1,413$914$573$350$210$57
39 years$1,361$869$537$323$191$50
40 years$1,312$827$503$298$173$43
41 years$1,266$787$472$275$157$38
42 years$1,222$750$443$254$142$33
43 years$1,180$714$415$234$129$29
44 years$1,141$681$390$216$117$25
45 years$1,103$649$366$200$106$22
46 years$1,067$619$344$185$97$19
47 years$1,032$591$323$170$88$16
48 years$999$564$304$158$80$14
49 years$967$539$285$146$72$12
50 years$937$515$268$135$66$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $960,000, adding $4,033 every year, while hoping to spend $20,915 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: 46/32/22 Blend
44$960,000$960,000$960,000$960,000
45$1,062,080$1,011,200$996,320$1,104,071
46$1,148,159$1,038,495$1,007,443$1,161,246
47$1,242,317$1,066,427$1,018,238$1,220,856
48$1,345,355$1,095,005$1,028,672$1,285,105
49$1,458,158$1,124,237$1,038,709$1,354,434
50$1,581,698$1,154,132$1,048,313$1,429,331
51$1,717,045$1,184,698$1,057,446$1,510,334
52$1,865,379$1,215,944$1,066,065$1,598,033
53$2,027,998$1,247,876$1,074,129$1,693,079
54$2,206,334$1,280,502$1,081,593$1,796,191
55$2,401,962$1,313,828$1,088,408$1,908,158
56$2,616,617$1,347,860$1,094,524$2,029,850
57$2,852,211$1,382,604$1,099,890$2,162,227
58$3,110,849$1,418,065$1,104,449$2,306,345
59$3,394,852$1,454,246$1,108,144$2,463,369
60$3,706,774$1,491,151$1,110,914$2,634,580
61$4,049,430$1,528,782$1,112,694$2,821,391
62$4,425,920$1,567,141$1,113,418$3,025,361
63$4,839,661$1,606,228$1,113,015$3,248,204
64$5,294,416$1,646,043$1,111,410$3,491,812
65$5,794,331$1,686,584$1,108,527$3,758,267
66$6,343,974$1,727,847$1,104,284$4,049,867
67$6,948,376$1,769,829$1,098,595$4,369,141
68$7,613,084$1,812,524$1,091,371$4,718,878
69$8,344,204$1,855,924$1,082,518$5,102,150
70$9,148,469$1,900,020$1,071,938$5,522,345
71$10,033,293$1,944,800$1,059,527$5,983,193
72$11,006,846$1,990,254$1,045,180$6,488,809
73$12,078,133$2,036,364$1,028,781$7,043,725
74$13,257,071$2,083,114$1,010,213$7,652,937
75$14,554,590$2,130,485$989,353$8,321,950
76$15,982,733$2,178,453$966,072$9,056,834
77$17,554,769$2,226,995$940,232$9,864,274
78$19,285,319$2,276,081$911,694$10,751,642
79$21,190,495$2,325,682$880,309$11,727,059
80$23,288,047$2,375,763$845,921$12,799,480
81$25,597,538$2,426,285$808,370$13,978,769
82$28,140,521$2,477,208$767,484$15,275,801
83$30,940,748$2,528,484$723,089$16,702,560
84$34,024,390$2,580,065$674,997$18,272,254
85$37,420,285$2,631,896$623,017$19,999,440
86$41,160,211$2,683,916$566,946$21,900,161
87$45,279,187$2,736,062$506,572$23,992,099
88$49,815,798$2,788,263$441,677$26,294,741
89$54,812,564$2,840,443$372,028$28,829,562
90$60,316,341$2,892,520$297,386$31,620,232
91$66,378,759$2,944,405$217,500$34,692,838
92$73,056,713$2,996,002$132,107$38,076,129
93$80,412,900$3,047,207$40,934$41,801,790
94$88,516,406$3,097,911$0$45,904,741
95$97,443,364$3,147,993$0$50,436,698
96$107,277,667$3,197,324$0$55,437,958
97$118,111,764$3,245,768$0$60,945,720
98$130,047,530$3,293,177$0$67,011,576
99$143,197,227$3,339,392$0$73,692,381
100$157,684,567$3,384,245$0$81,050,788