Can I retire at age 45 with 960,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$79,276$78,570$77,881$77,208$76,552$74,340
2 years$39,245$38,515$37,806$37,119$36,453$34,242
3 years$25,904$25,170$24,463$23,783$23,127$20,987
4 years$19,234$18,502$17,803$17,134$16,495$14,441
5 years$15,234$14,506$13,816$13,161$12,539$10,577
6 years$12,567$11,845$11,165$10,525$9,922$8,054
7 years$10,664$9,948$9,278$8,653$8,069$6,295
8 years$9,236$8,527$7,869$7,259$6,694$5,014
9 years$8,127$7,424$6,777$6,183$5,637$4,048
10 years$7,240$6,544$5,909$5,330$4,803$3,303
11 years$6,515$5,826$5,202$4,638$4,131$2,718
12 years$5,911$5,229$4,617$4,068$3,580$2,251
13 years$5,400$4,725$4,125$3,592$3,122$1,874
14 years$4,963$4,295$3,706$3,188$2,736$1,566
15 years$4,584$3,924$3,346$2,844$2,409$1,314
16 years$4,253$3,600$3,034$2,546$2,129$1,105
17 years$3,961$3,316$2,760$2,288$1,888$932
18 years$3,702$3,064$2,520$2,062$1,679$788
19 years$3,471$2,839$2,307$1,863$1,496$667
20 years$3,263$2,639$2,117$1,687$1,337$565
21 years$3,075$2,458$1,947$1,531$1,196$479
22 years$2,904$2,294$1,795$1,392$1,072$407
23 years$2,748$2,146$1,657$1,268$962$346
24 years$2,606$2,010$1,533$1,156$865$294
25 years$2,475$1,887$1,420$1,056$778$250
26 years$2,354$1,773$1,317$966$701$213
27 years$2,243$1,669$1,223$884$632$182
28 years$2,140$1,572$1,136$810$570$155
29 years$2,044$1,483$1,058$743$515$132
30 years$1,954$1,401$985$682$465$113
31 years$1,871$1,324$918$626$421$96
32 years$1,792$1,253$857$575$381$82
33 years$1,719$1,187$800$529$344$70
34 years$1,650$1,125$748$487$312$60
35 years$1,586$1,067$699$448$282$51
36 years$1,525$1,013$654$413$256$43
37 years$1,467$962$612$380$232$37
38 years$1,413$914$573$350$210$32
39 years$1,361$869$537$323$191$27
40 years$1,312$827$503$298$173$23
41 years$1,266$787$472$275$157$20
42 years$1,222$750$443$254$142$17
43 years$1,180$714$415$234$129$14
44 years$1,141$681$390$216$117$12
45 years$1,103$649$366$200$106$10
46 years$1,067$619$344$185$97$9
47 years$1,032$591$323$170$88$8
48 years$999$564$304$158$80$7
49 years$967$539$285$146$72$6
50 years$937$515$268$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $960,000, adding $3,828 every year, while hoping to spend $48,266 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: 78/17/5 Blend
44$960,000$960,000$960,000$960,000
45$1,061,869$1,010,989$996,109$1,144,150
46$1,118,825$1,009,172$978,124$1,196,807
47$1,179,972$1,005,649$957,918$1,247,839
48$1,245,689$1,000,285$935,368$1,302,354
49$1,316,387$992,937$910,340$1,360,674
50$1,392,521$983,454$882,699$1,423,155
51$1,474,589$971,674$852,301$1,490,190
52$1,563,139$957,428$818,995$1,562,212
53$1,658,773$940,536$782,625$1,639,697
54$1,762,151$920,806$743,026$1,723,173
55$1,874,001$898,035$700,028$1,813,217
56$1,995,121$872,011$653,451$1,910,471
57$2,126,389$842,506$603,108$2,015,639
58$2,268,772$809,279$548,803$2,129,497
59$2,423,330$772,078$490,331$2,252,904
60$2,591,233$730,632$427,480$2,386,804
61$2,773,764$684,658$360,026$2,532,240
62$2,972,337$633,856$287,736$2,690,361
63$3,188,508$577,908$210,368$2,862,436
64$3,423,988$516,477$127,667$3,049,862
65$3,680,659$449,209$39,369$3,254,181
66$3,960,595$375,729$0$3,477,093
67$4,266,076$295,640$0$3,723,402
68$4,599,614$208,524$0$3,994,680
69$4,963,972$113,939$0$4,291,121
70$5,362,193$11,418$0$4,615,259
71$5,797,627$0$0$4,969,884
72$6,273,964$0$0$5,376,694
73$6,795,263$0$0$5,824,274
74$7,365,998$0$0$6,314,330
75$7,991,092$0$0$6,851,094
76$8,675,970$0$0$7,439,229
77$9,426,603$0$0$8,083,868
78$10,249,570$0$0$8,790,663
79$11,152,116$0$0$9,565,842
80$12,142,220$0$0$10,416,264
81$13,228,670$0$0$11,349,481
82$14,421,149$0$0$12,373,815
83$15,730,320$0$0$13,498,433
84$17,167,930$0$0$14,733,429
85$18,746,920$0$0$16,089,927
86$20,481,544$0$0$17,580,179
87$22,387,507$0$0$19,217,683
88$24,482,108$0$0$21,017,309
89$26,784,408$0$0$22,995,438
90$29,315,404$0$0$25,170,118
91$32,098,229$0$0$27,561,234
92$35,158,371$0$0$30,190,693
93$38,523,911$0$0$33,082,630
94$42,225,786$0$0$36,263,638
95$46,298,085$0$0$39,763,016
96$50,778,363$0$0$43,613,046
97$55,708,003$0$0$47,849,296
98$61,132,599$0$0$52,510,957
99$67,102,389$0$0$57,641,210
100$73,672,727$0$0$63,287,634