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%14.3%
1 years$79,276$78,570$77,881$77,208$76,552$75,191
2 years$39,245$38,515$37,806$37,119$36,453$35,087
3 years$25,904$25,170$24,463$23,783$23,127$21,798
4 years$19,234$18,502$17,803$17,134$16,495$15,212
5 years$15,234$14,506$13,816$13,161$12,539$11,308
6 years$12,567$11,845$11,165$10,525$9,922$8,743
7 years$10,664$9,948$9,278$8,653$8,069$6,943
8 years$9,236$8,527$7,869$7,259$6,694$5,620
9 years$8,127$7,424$6,777$6,183$5,637$4,615
10 years$7,240$6,544$5,909$5,330$4,803$3,832
11 years$6,515$5,826$5,202$4,638$4,131$3,209
12 years$5,911$5,229$4,617$4,068$3,580$2,707
13 years$5,400$4,725$4,125$3,592$3,122$2,296
14 years$4,963$4,295$3,706$3,188$2,736$1,956
15 years$4,584$3,924$3,346$2,844$2,409$1,674
16 years$4,253$3,600$3,034$2,546$2,129$1,436
17 years$3,961$3,316$2,760$2,288$1,888$1,236
18 years$3,702$3,064$2,520$2,062$1,679$1,066
19 years$3,471$2,839$2,307$1,863$1,496$921
20 years$3,263$2,639$2,117$1,687$1,337$797
21 years$3,075$2,458$1,947$1,531$1,196$691
22 years$2,904$2,294$1,795$1,392$1,072$600
23 years$2,748$2,146$1,657$1,268$962$521
24 years$2,606$2,010$1,533$1,156$865$453
25 years$2,475$1,887$1,420$1,056$778$394
26 years$2,354$1,773$1,317$966$701$344
27 years$2,243$1,669$1,223$884$632$299
28 years$2,140$1,572$1,136$810$570$261
29 years$2,044$1,483$1,058$743$515$228
30 years$1,954$1,401$985$682$465$199
31 years$1,871$1,324$918$626$421$173
32 years$1,792$1,253$857$575$381$151
33 years$1,719$1,187$800$529$344$132
34 years$1,650$1,125$748$487$312$115
35 years$1,586$1,067$699$448$282$101
36 years$1,525$1,013$654$413$256$88
37 years$1,467$962$612$380$232$77
38 years$1,413$914$573$350$210$67
39 years$1,361$869$537$323$191$59
40 years$1,312$827$503$298$173$51
41 years$1,266$787$472$275$157$45
42 years$1,222$750$443$254$142$39
43 years$1,180$714$415$234$129$34
44 years$1,141$681$390$216$117$30
45 years$1,103$649$366$200$106$26
46 years$1,067$619$344$185$97$23
47 years$1,032$591$323$170$88$20
48 years$999$564$304$158$80$18
49 years$967$539$285$146$72$15
50 years$937$515$268$135$66$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $960,000, adding $3,155 every year, while hoping to spend $49,804 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: 45/48/7 Blend
44$960,000$960,000$960,000$960,000
45$1,061,174$1,010,294$995,414$1,106,720
46$1,116,423$1,006,808$975,770$1,134,977
47$1,175,638$1,001,481$953,798$1,160,190
48$1,239,171$994,172$929,368$1,186,371
49$1,307,408$984,728$902,344$1,213,628
50$1,380,774$972,989$872,582$1,242,077
51$1,459,733$958,786$839,934$1,271,855
52$1,544,797$941,938$804,242$1,303,113
53$1,636,526$922,253$765,345$1,336,020
54$1,735,538$899,530$723,070$1,370,769
55$1,842,511$873,554$677,240$1,407,575
56$1,958,187$844,098$627,668$1,446,680
57$2,083,386$810,924$574,160$1,488,354
58$2,219,008$773,775$516,510$1,532,902
59$2,366,042$732,385$454,508$1,580,663
60$2,525,575$686,468$387,931$1,632,018
61$2,698,803$635,725$316,546$1,687,393
62$2,887,042$579,837$240,112$1,747,261
63$3,091,741$518,469$158,376$1,812,155
64$3,314,490$451,266$71,073$1,882,665
65$3,557,043$377,853$0$1,959,453
66$3,821,327$297,833$0$2,044,904
67$4,109,464$210,789$0$2,143,961
68$4,423,790$116,278$0$2,252,245
69$4,766,874$13,833$0$2,370,796
70$5,141,547$0$0$2,500,768
71$5,550,922$0$0$2,694,699
72$5,998,430$0$0$2,914,791
73$6,487,844$0$0$3,155,607
74$7,023,322$0$0$3,419,207
75$7,609,441$0$0$3,707,858
76$8,251,241$0$0$4,024,058
77$8,954,272$0$0$4,370,558
78$9,724,647$0$0$4,750,386
79$10,569,096$0$0$5,166,878
80$11,495,035$0$0$5,623,709
81$12,510,627$0$0$6,124,926
82$13,624,868$0$0$6,674,987
83$14,847,663$0$0$7,278,801
84$16,189,924$0$0$7,941,777
85$17,663,672$0$0$8,669,874
86$19,282,147$0$0$9,469,656
87$21,059,935$0$0$10,348,351
88$23,013,104$0$0$11,313,927
89$25,159,356$0$0$12,375,158
90$27,518,191$0$0$13,541,711
91$30,111,093$0$0$14,824,238
92$32,961,732$0$0$16,234,472
93$36,096,185$0$0$17,785,343
94$39,543,181$0$0$19,491,093
95$43,334,374$0$0$21,367,417
96$47,504,638$0$0$23,431,605
97$52,092,400$0$0$25,702,709
98$57,139,996$0$0$28,201,719
99$62,694,072$0$0$30,951,765
100$68,806,027$0$0$33,978,329