Can I retire at age 45 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$79,358$78,652$77,962$77,289$76,631$73,591
2 years$39,286$38,555$37,846$37,158$36,491$33,466
3 years$25,931$25,196$24,489$23,808$23,152$20,236
4 years$19,254$18,522$17,821$17,152$16,512$13,729
5 years$15,249$14,521$13,830$13,174$12,552$9,909
6 years$12,580$11,858$11,177$10,536$9,932$7,430
7 years$10,675$9,958$9,288$8,662$8,077$5,715
8 years$9,246$8,536$7,877$7,266$6,701$4,477
9 years$8,135$7,432$6,784$6,189$5,643$3,553
10 years$7,248$6,551$5,915$5,335$4,808$2,849
11 years$6,522$5,832$5,207$4,643$4,135$2,302
12 years$5,917$5,234$4,621$4,073$3,584$1,871
13 years$5,406$4,730$4,129$3,596$3,125$1,528
14 years$4,968$4,300$3,710$3,192$2,739$1,253
15 years$4,589$3,928$3,349$2,847$2,412$1,030
16 years$4,258$3,604$3,037$2,549$2,132$849
17 years$3,966$3,319$2,763$2,290$1,890$702
18 years$3,706$3,067$2,523$2,064$1,681$581
19 years$3,474$2,842$2,309$1,865$1,498$481
20 years$3,266$2,641$2,119$1,689$1,338$399
21 years$3,078$2,460$1,949$1,533$1,197$331
22 years$2,907$2,297$1,797$1,394$1,073$275
23 years$2,751$2,148$1,659$1,269$963$229
24 years$2,609$2,012$1,534$1,158$866$190
25 years$2,478$1,889$1,421$1,057$779$158
26 years$2,357$1,775$1,318$967$702$132
27 years$2,245$1,670$1,224$885$633$110
28 years$2,142$1,574$1,138$811$571$92
29 years$2,046$1,485$1,059$743$516$76
30 years$1,956$1,402$986$682$466$64
31 years$1,873$1,326$919$627$421$53
32 years$1,794$1,254$858$576$381$44
33 years$1,721$1,188$801$530$345$37
34 years$1,652$1,126$748$487$312$31
35 years$1,587$1,068$700$449$283$26
36 years$1,526$1,014$654$413$256$21
37 years$1,469$963$613$381$232$18
38 years$1,414$915$574$351$211$15
39 years$1,363$870$537$323$191$12
40 years$1,314$828$504$298$173$10
41 years$1,268$788$472$275$157$9
42 years$1,223$750$443$254$143$7
43 years$1,182$715$416$235$129$6
44 years$1,142$681$390$217$117$5
45 years$1,104$650$366$200$107$4
46 years$1,068$620$344$185$97$3
47 years$1,033$592$323$171$88$3
48 years$1,000$565$304$158$80$2
49 years$968$539$286$146$72$2
50 years$938$515$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $961,000, adding $4,364 every year, while hoping to spend $39,470 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: 52/36/12 Blend
44$961,000$961,000$961,000$961,000
45$1,063,523$1,012,590$997,695$1,115,234
46$1,130,007$1,020,212$989,122$1,158,620
47$1,201,949$1,026,883$978,939$1,201,201
48$1,279,865$1,032,517$967,050$1,246,605
49$1,364,320$1,037,020$953,356$1,295,109
50$1,455,938$1,040,292$937,751$1,347,018
51$1,555,404$1,042,226$920,125$1,402,672
52$1,663,470$1,042,710$900,364$1,462,446
53$1,780,966$1,041,624$878,348$1,526,754
54$1,908,803$1,038,842$853,951$1,596,056
55$2,047,983$1,034,228$827,041$1,670,859
56$2,199,611$1,027,639$797,481$1,751,724
57$2,364,901$1,018,923$765,126$1,839,273
58$2,545,191$1,007,920$729,827$1,934,192
59$2,741,950$994,458$691,426$2,037,240
60$2,956,799$978,356$649,759$2,149,257
61$3,191,521$959,424$604,654$2,271,170
62$3,448,077$937,457$555,932$2,404,007
63$3,728,630$912,241$503,404$2,548,900
64$4,035,558$883,549$446,876$2,707,103
65$4,371,480$851,138$386,142$2,880,001
66$4,739,282$814,755$320,988$3,069,125
67$5,142,140$774,129$251,193$3,276,164
68$5,583,552$728,975$176,521$3,502,988
69$6,067,371$678,991$96,732$3,751,659
70$6,597,840$623,859$11,569$4,024,459
71$7,179,632$563,240$0$4,323,904
72$7,817,894$496,779$0$4,662,931
73$8,518,297$424,098$0$5,036,696
74$9,287,084$344,800$0$5,447,145
75$10,131,134$258,463$0$5,898,060
76$11,058,026$164,644$0$6,393,616
77$12,076,107$62,874$0$6,938,419
78$13,194,573$0$0$7,537,551
79$14,423,553$0$0$8,215,375
80$15,774,207$0$0$8,987,782
81$17,258,831$0$0$9,836,910
82$18,890,970$0$0$10,770,519
83$20,685,546$0$0$11,797,158
84$22,659,002$0$0$12,926,248
85$24,829,452$0$0$14,168,167
86$27,216,853$0$0$15,534,350
87$29,843,196$0$0$17,037,396
88$32,732,707$0$0$18,691,188
89$35,912,082$0$0$20,511,019
90$39,410,734$0$0$22,513,743
91$43,261,069$0$0$24,717,928
92$47,498,798$0$0$27,144,036
93$52,163,266$0$0$29,814,610
94$57,297,827$0$0$32,754,493
95$62,950,251$0$0$35,991,055
96$69,173,175$0$0$39,554,458
97$76,024,601$0$0$43,477,936
98$83,568,439$0$0$47,798,110
99$91,875,112$0$0$52,555,333
100$101,022,221$0$0$57,794,069