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%12.8%
1 years$79,276$78,570$77,881$77,208$76,552$75,658
2 years$39,245$38,515$37,806$37,119$36,453$35,554
3 years$25,904$25,170$24,463$23,783$23,127$22,250
4 years$19,234$18,502$17,803$17,134$16,495$15,646
5 years$15,234$14,506$13,816$13,161$12,539$11,722
6 years$12,567$11,845$11,165$10,525$9,922$9,137
7 years$10,664$9,948$9,278$8,653$8,069$7,317
8 years$9,236$8,527$7,869$7,259$6,694$5,974
9 years$8,127$7,424$6,777$6,183$5,637$4,950
10 years$7,240$6,544$5,909$5,330$4,803$4,147
11 years$6,515$5,826$5,202$4,638$4,131$3,506
12 years$5,911$5,229$4,617$4,068$3,580$2,986
13 years$5,400$4,725$4,125$3,592$3,122$2,558
14 years$4,963$4,295$3,706$3,188$2,736$2,201
15 years$4,584$3,924$3,346$2,844$2,409$1,902
16 years$4,253$3,600$3,034$2,546$2,129$1,650
17 years$3,961$3,316$2,760$2,288$1,888$1,435
18 years$3,702$3,064$2,520$2,062$1,679$1,251
19 years$3,471$2,839$2,307$1,863$1,496$1,093
20 years$3,263$2,639$2,117$1,687$1,337$957
21 years$3,075$2,458$1,947$1,531$1,196$839
22 years$2,904$2,294$1,795$1,392$1,072$736
23 years$2,748$2,146$1,657$1,268$962$647
24 years$2,606$2,010$1,533$1,156$865$569
25 years$2,475$1,887$1,420$1,056$778$501
26 years$2,354$1,773$1,317$966$701$442
27 years$2,243$1,669$1,223$884$632$390
28 years$2,140$1,572$1,136$810$570$344
29 years$2,044$1,483$1,058$743$515$304
30 years$1,954$1,401$985$682$465$268
31 years$1,871$1,324$918$626$421$237
32 years$1,792$1,253$857$575$381$210
33 years$1,719$1,187$800$529$344$185
34 years$1,650$1,125$748$487$312$164
35 years$1,586$1,067$699$448$282$145
36 years$1,525$1,013$654$413$256$128
37 years$1,467$962$612$380$232$114
38 years$1,413$914$573$350$210$101
39 years$1,361$869$537$323$191$89
40 years$1,312$827$503$298$173$79
41 years$1,266$787$472$275$157$70
42 years$1,222$750$443$254$142$62
43 years$1,180$714$415$234$129$55
44 years$1,141$681$390$216$117$49
45 years$1,103$649$366$200$106$43
46 years$1,067$619$344$185$97$38
47 years$1,032$591$323$170$88$34
48 years$999$564$304$158$80$30
49 years$967$539$285$146$72$27
50 years$937$515$268$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $960,000, adding $5,247 every year, while hoping to spend $29,340 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: 57/17/26 Blend
44$960,000$960,000$960,000$960,000
45$1,063,332$1,012,452$997,572$1,116,123
46$1,140,575$1,030,845$999,773$1,171,267
47$1,224,712$1,049,155$1,001,065$1,227,804
48$1,316,418$1,067,349$1,001,385$1,288,814
49$1,416,431$1,085,387$1,000,670$1,354,740
50$1,525,566$1,103,231$998,852$1,426,067
51$1,644,720$1,120,835$995,860$1,503,331
52$1,774,879$1,138,154$991,619$1,587,124
53$1,917,130$1,155,136$986,051$1,678,099
54$2,072,669$1,171,730$979,075$1,776,976
55$2,242,812$1,187,876$970,606$1,884,548
56$2,429,010$1,203,513$960,552$2,001,691
57$2,632,860$1,218,575$948,821$2,129,372
58$2,856,119$1,232,993$935,314$2,268,655
59$3,100,723$1,246,690$919,927$2,420,716
60$3,368,806$1,259,586$902,553$2,586,852
61$3,662,715$1,271,597$883,080$2,768,491
62$3,985,037$1,282,630$861,388$2,967,211
63$4,338,620$1,292,589$837,354$3,184,750
64$4,726,603$1,301,369$810,849$3,423,026
65$5,152,442$1,308,861$781,738$3,684,155
66$5,619,943$1,314,948$749,879$3,970,470
67$6,133,302$1,319,505$715,124$4,284,542
68$6,697,136$1,322,398$677,318$4,629,208
69$7,316,537$1,323,488$636,301$5,007,597
70$7,997,109$1,322,625$591,903$5,423,158
71$8,745,030$1,319,649$543,947$5,879,696
72$9,567,103$1,314,392$492,250$6,381,405
73$10,470,826$1,306,676$436,618$6,932,910
74$11,464,456$1,296,309$376,851$7,539,311
75$12,557,093$1,283,091$312,738$8,206,231
76$13,758,762$1,266,808$244,060$8,939,871
77$15,080,508$1,247,233$170,588$9,747,067
78$16,534,500$1,224,128$92,083$10,635,355
79$18,134,147$1,197,238$8,295$11,613,046
80$19,894,220$1,166,293$0$12,689,302
81$21,830,999$1,131,010$0$13,896,728
82$23,962,418$1,091,086$0$15,227,874
83$26,308,237$1,046,202$0$16,692,792
84$28,890,233$996,021$0$18,305,099
85$31,732,396$940,186$0$20,079,800
86$34,861,164$878,319$0$22,033,434
87$38,305,667$810,020$0$24,184,226
88$42,098,001$734,868$0$26,552,262
89$46,273,536$652,415$0$29,159,679
90$50,871,245$562,191$0$32,030,871
91$55,934,070$463,697$0$35,192,725
92$61,509,333$356,406$0$38,674,869
93$67,649,178$239,762$0$42,509,958
94$74,411,062$113,179$0$46,733,976
95$81,858,301$0$0$51,386,585
96$90,060,664$0$0$56,515,974
97$99,095,032$0$0$62,189,097
98$109,046,123$0$0$68,437,997
99$120,007,292$0$0$75,321,312
100$132,081,412$0$0$82,903,657