Can I retire at age 45 with 961,000?

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 $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%18.1%
1 years$79,358$78,652$77,962$77,289$76,631$74,119
2 years$39,286$38,555$37,846$37,158$36,491$33,984
3 years$25,931$25,196$24,489$23,808$23,152$20,728
4 years$19,254$18,522$17,821$17,152$16,512$14,191
5 years$15,249$14,521$13,830$13,174$12,552$10,340
6 years$12,580$11,858$11,177$10,536$9,932$7,830
7 years$10,675$9,958$9,288$8,662$8,077$6,086
8 years$9,246$8,536$7,877$7,266$6,701$4,818
9 years$8,135$7,432$6,784$6,189$5,643$3,867
10 years$7,248$6,551$5,915$5,335$4,808$3,136
11 years$6,522$5,832$5,207$4,643$4,135$2,563
12 years$5,917$5,234$4,621$4,073$3,584$2,109
13 years$5,406$4,730$4,129$3,596$3,125$1,744
14 years$4,968$4,300$3,710$3,192$2,739$1,447
15 years$4,589$3,928$3,349$2,847$2,412$1,206
16 years$4,258$3,604$3,037$2,549$2,132$1,007
17 years$3,966$3,319$2,763$2,290$1,890$843
18 years$3,706$3,067$2,523$2,064$1,681$707
19 years$3,474$2,842$2,309$1,865$1,498$594
20 years$3,266$2,641$2,119$1,689$1,338$499
21 years$3,078$2,460$1,949$1,533$1,197$420
22 years$2,907$2,297$1,797$1,394$1,073$354
23 years$2,751$2,148$1,659$1,269$963$299
24 years$2,609$2,012$1,534$1,158$866$252
25 years$2,478$1,889$1,421$1,057$779$213
26 years$2,357$1,775$1,318$967$702$180
27 years$2,245$1,670$1,224$885$633$152
28 years$2,142$1,574$1,138$811$571$128
29 years$2,046$1,485$1,059$743$516$109
30 years$1,956$1,402$986$682$466$92
31 years$1,873$1,326$919$627$421$78
32 years$1,794$1,254$858$576$381$66
33 years$1,721$1,188$801$530$345$56
34 years$1,652$1,126$748$487$312$47
35 years$1,587$1,068$700$449$283$40
36 years$1,526$1,014$654$413$256$34
37 years$1,469$963$613$381$232$29
38 years$1,414$915$574$351$211$24
39 years$1,363$870$537$323$191$20
40 years$1,314$828$504$298$173$17
41 years$1,268$788$472$275$157$15
42 years$1,223$750$443$254$143$12
43 years$1,182$715$416$235$129$11
44 years$1,142$681$390$217$117$9
45 years$1,104$650$366$200$107$8
46 years$1,068$620$344$185$97$6
47 years$1,033$592$323$171$88$5
48 years$1,000$565$304$158$80$5
49 years$968$539$286$146$72$4
50 years$938$515$269$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $961,000, adding $3,788 every year, while hoping to spend $37,545 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: 70/9/21 Blend
44$961,000$961,000$961,000$961,000
45$1,062,929$1,011,996$997,101$1,131,568
46$1,131,401$1,021,637$990,556$1,187,510
47$1,205,597$1,030,491$982,534$1,243,944
48$1,286,064$1,038,481$972,945$1,304,797
49$1,373,400$1,045,524$961,696$1,370,503
50$1,468,263$1,051,531$948,689$1,441,538
51$1,571,378$1,056,407$933,821$1,518,433
52$1,683,540$1,060,053$916,986$1,601,767
53$1,805,628$1,062,362$898,072$1,692,184
54$1,938,605$1,063,221$876,960$1,790,391
55$2,083,533$1,062,509$853,529$1,897,170
56$2,241,580$1,060,099$827,649$2,013,380
57$2,414,032$1,055,855$799,186$2,139,974
58$2,602,304$1,049,633$768,000$2,277,998
59$2,807,955$1,041,280$733,943$2,428,608
60$3,032,698$1,030,634$696,862$2,593,078
61$3,278,423$1,017,525$656,596$2,772,814
62$3,547,208$1,001,769$612,978$2,969,367
63$3,841,342$983,175$565,832$3,184,445
64$4,163,346$961,538$514,974$3,419,935
65$4,515,995$936,641$460,213$3,677,915
66$4,902,345$908,256$401,350$3,960,678
67$5,325,764$876,140$338,175$4,270,754
68$5,789,958$840,037$270,470$4,610,931
69$6,299,011$799,675$198,007$4,984,282
70$6,857,418$754,767$120,549$5,394,200
71$7,470,134$705,011$37,847$5,844,422
72$8,142,615$650,083$0$6,339,071
73$8,880,871$589,646$0$6,893,988
74$9,691,522$523,341$0$7,512,674
75$10,581,860$450,787$0$8,192,228
76$11,559,919$371,586$0$8,938,811
77$12,634,550$285,313$0$9,759,208
78$13,815,502$191,521$0$10,660,898
79$15,113,517$89,739$0$11,652,121
80$16,540,427$0$0$12,741,959
81$18,109,270$0$0$13,942,452
82$19,834,409$0$0$15,272,372
83$21,731,668$0$0$16,735,040
84$23,818,485$0$0$18,343,904
85$26,114,067$0$0$20,113,781
86$28,639,581$0$0$22,060,998
87$31,418,346$0$0$24,203,543
88$34,476,058$0$0$26,561,236
89$37,841,027$0$0$29,155,915
90$41,544,447$0$0$32,011,642
91$45,620,692$0$0$35,154,931
92$50,107,632$0$0$38,614,995
93$55,047,000$0$0$42,424,025
94$60,484,777$0$0$46,617,491
95$66,471,632$0$0$51,234,476
96$73,063,394$0$0$56,318,047
97$80,321,584$0$0$61,915,658
98$88,313,988$0$0$68,079,600
99$97,115,306$0$0$74,867,493
100$106,807,847$0$0$82,342,831