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%16.6%
1 years$79,358$78,652$77,962$77,289$76,631$74,567
2 years$39,286$38,555$37,846$37,158$36,491$34,426
3 years$25,931$25,196$24,489$23,808$23,152$21,150
4 years$19,254$18,522$17,821$17,152$16,512$14,590
5 years$15,249$14,521$13,830$13,174$12,552$10,715
6 years$12,580$11,858$11,177$10,536$9,932$8,181
7 years$10,675$9,958$9,288$8,662$8,077$6,413
8 years$9,246$8,536$7,877$7,266$6,701$5,122
9 years$8,135$7,432$6,784$6,189$5,643$4,149
10 years$7,248$6,551$5,915$5,335$4,808$3,396
11 years$6,522$5,832$5,207$4,643$4,135$2,803
12 years$5,917$5,234$4,621$4,073$3,584$2,329
13 years$5,406$4,730$4,129$3,596$3,125$1,945
14 years$4,968$4,300$3,710$3,192$2,739$1,632
15 years$4,589$3,928$3,349$2,847$2,412$1,374
16 years$4,258$3,604$3,037$2,549$2,132$1,160
17 years$3,966$3,319$2,763$2,290$1,890$982
18 years$3,706$3,067$2,523$2,064$1,681$832
19 years$3,474$2,842$2,309$1,865$1,498$707
20 years$3,266$2,641$2,119$1,689$1,338$602
21 years$3,078$2,460$1,949$1,533$1,197$512
22 years$2,907$2,297$1,797$1,394$1,073$437
23 years$2,751$2,148$1,659$1,269$963$373
24 years$2,609$2,012$1,534$1,158$866$318
25 years$2,478$1,889$1,421$1,057$779$272
26 years$2,357$1,775$1,318$967$702$233
27 years$2,245$1,670$1,224$885$633$199
28 years$2,142$1,574$1,138$811$571$170
29 years$2,046$1,485$1,059$743$516$146
30 years$1,956$1,402$986$682$466$125
31 years$1,873$1,326$919$627$421$107
32 years$1,794$1,254$858$576$381$92
33 years$1,721$1,188$801$530$345$78
34 years$1,652$1,126$748$487$312$67
35 years$1,587$1,068$700$449$283$58
36 years$1,526$1,014$654$413$256$49
37 years$1,469$963$613$381$232$42
38 years$1,414$915$574$351$211$36
39 years$1,363$870$537$323$191$31
40 years$1,314$828$504$298$173$27
41 years$1,268$788$472$275$157$23
42 years$1,223$750$443$254$143$20
43 years$1,182$715$416$235$129$17
44 years$1,142$681$390$217$117$14
45 years$1,104$650$366$200$107$12
46 years$1,068$620$344$185$97$11
47 years$1,033$592$323$171$88$9
48 years$1,000$565$304$158$80$8
49 years$968$539$286$146$72$7
50 years$938$515$269$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $961,000, adding $2,316 every year, while hoping to spend $37,342 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: 39/33/28 Blend
44$961,000$961,000$961,000$961,000
45$1,061,411$1,010,478$995,582$1,093,916
46$1,129,943$1,020,260$989,203$1,127,662
47$1,204,214$1,029,269$981,358$1,160,512
48$1,284,770$1,037,429$971,959$1,195,323
49$1,372,211$1,044,658$960,914$1,232,296
50$1,467,197$1,050,867$948,126$1,271,658
51$1,570,455$1,055,963$933,492$1,313,658
52$1,682,784$1,059,847$916,906$1,358,575
53$1,805,063$1,062,415$898,257$1,406,719
54$1,938,259$1,063,553$877,429$1,458,432
55$2,083,437$1,063,143$854,298$1,514,096
56$2,241,769$1,061,058$828,739$1,574,134
57$2,414,544$1,057,165$800,616$1,639,015
58$2,603,182$1,051,320$769,791$1,709,259
59$2,809,245$1,043,373$736,117$1,785,444
60$3,034,453$1,033,164$699,443$1,868,209
61$3,280,701$1,020,522$659,608$1,958,264
62$3,550,073$1,005,269$616,445$2,056,394
63$3,844,865$987,212$569,781$2,163,470
64$4,167,606$966,149$519,433$2,280,455
65$4,521,079$941,868$465,211$2,408,417
66$4,908,350$914,140$406,916$2,548,538
67$5,332,795$882,727$344,342$2,702,127
68$5,798,134$847,374$277,271$2,870,629
69$6,308,461$807,813$205,477$3,055,649
70$6,868,287$763,759$128,723$3,258,957
71$7,482,581$714,912$46,764$3,482,513
72$8,156,815$660,953$0$3,728,486
73$8,897,018$601,548$0$4,011,432
74$9,709,830$536,340$0$4,337,542
75$10,602,567$464,955$0$4,695,842
76$11,583,286$386,995$0$5,089,659
77$12,660,865$302,042$0$5,522,662
78$13,845,084$209,652$0$5,998,900
79$15,146,717$109,360$0$6,522,841
80$16,577,634$670$0$7,099,415
81$18,150,911$0$0$7,734,060
82$19,880,957$0$0$8,475,243
83$21,783,645$0$0$9,290,801
84$23,876,465$0$0$10,188,005
85$26,178,686$0$0$11,175,134
86$28,711,537$0$0$12,261,311
87$31,498,413$0$0$13,456,587
88$34,565,085$0$0$14,772,036
89$37,939,955$0$0$16,219,862
90$41,654,312$0$0$17,813,510
91$45,742,634$0$0$19,567,796
92$50,242,912$0$0$21,499,044
93$55,197,006$0$0$23,625,243
94$60,651,042$0$0$25,966,212
95$66,655,843$0$0$28,543,793
96$73,267,413$0$0$31,382,052
97$80,547,462$0$0$34,507,507
98$88,563,990$0$0$37,949,379
99$97,391,926$0$0$41,739,869
100$107,113,834$0$0$45,914,458