Can I retire at age 45 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$79,606$78,897$78,205$77,530$76,871$75,043
2 years$39,409$38,675$37,964$37,274$36,605$34,774
3 years$26,012$25,275$24,565$23,882$23,224$21,447
4 years$19,314$18,579$17,877$17,206$16,563$14,855
5 years$15,297$14,567$13,873$13,215$12,591$10,955
6 years$12,620$11,895$11,212$10,569$9,963$8,401
7 years$10,708$9,989$9,317$8,689$8,103$6,615
8 years$9,275$8,563$7,902$7,289$6,722$5,309
9 years$8,161$7,455$6,806$6,209$5,661$4,320
10 years$7,270$6,571$5,933$5,352$4,823$3,554
11 years$6,542$5,850$5,224$4,658$4,148$2,949
12 years$5,935$5,251$4,636$4,085$3,595$2,463
13 years$5,423$4,745$4,142$3,607$3,135$2,068
14 years$4,984$4,313$3,721$3,202$2,748$1,744
15 years$4,603$3,940$3,360$2,855$2,419$1,477
16 years$4,271$3,615$3,046$2,557$2,138$1,254
17 years$3,978$3,329$2,772$2,297$1,896$1,067
18 years$3,718$3,076$2,530$2,070$1,686$911
19 years$3,485$2,851$2,317$1,871$1,503$778
20 years$3,276$2,650$2,126$1,694$1,342$666
21 years$3,088$2,468$1,955$1,538$1,201$571
22 years$2,916$2,304$1,802$1,398$1,077$490
23 years$2,760$2,155$1,664$1,273$966$421
24 years$2,617$2,019$1,539$1,161$869$361
25 years$2,485$1,894$1,425$1,061$782$311
26 years$2,364$1,781$1,322$970$704$267
27 years$2,252$1,676$1,228$888$635$230
28 years$2,149$1,579$1,141$813$573$198
29 years$2,052$1,490$1,062$746$517$171
30 years$1,962$1,407$989$684$467$147
31 years$1,878$1,330$922$629$422$127
32 years$1,800$1,258$860$578$382$109
33 years$1,726$1,192$803$531$346$94
34 years$1,657$1,129$751$489$313$81
35 years$1,592$1,071$702$450$284$70
36 years$1,531$1,017$657$414$257$61
37 years$1,473$966$614$382$233$52
38 years$1,419$918$575$352$211$45
39 years$1,367$873$539$324$191$39
40 years$1,318$830$505$299$174$34
41 years$1,271$790$474$276$158$29
42 years$1,227$753$444$255$143$25
43 years$1,185$717$417$235$130$22
44 years$1,145$684$392$217$118$19
45 years$1,107$652$368$201$107$16
46 years$1,071$622$345$185$97$14
47 years$1,036$593$324$171$88$12
48 years$1,003$567$305$158$80$10
49 years$972$541$287$146$73$9
50 years$941$517$269$135$66$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $964,000, adding $2,465 every year, while hoping to spend $48,386 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: 24/49/27 Blend
44$964,000$964,000$964,000$964,000
45$1,064,871$1,013,779$998,837$1,081,303
46$1,122,005$1,011,971$980,815$1,093,565
47$1,183,346$1,008,454$960,569$1,102,424
48$1,249,270$1,003,092$937,971$1,110,894
49$1,320,193$995,741$912,891$1,118,974
50$1,396,571$986,250$885,190$1,126,669
51$1,478,903$974,458$854,726$1,133,988
52$1,567,740$960,195$821,348$1,140,946
53$1,663,684$943,279$784,898$1,147,568
54$1,767,400$923,520$745,212$1,153,884
55$1,879,616$900,714$702,118$1,159,935
56$2,001,135$874,647$655,437$1,165,773
57$2,132,837$845,091$604,981$1,171,461
58$2,275,692$811,806$550,553$1,177,078
59$2,430,765$774,537$491,949$1,182,718
60$2,599,229$733,015$428,955$1,188,492
61$2,782,372$686,955$361,347$1,194,532
62$2,981,614$636,056$288,892$1,200,995
63$3,198,515$579,999$211,346$1,208,062
64$3,434,792$518,447$128,455$1,215,942
65$3,692,336$451,046$39,953$1,224,879
66$3,973,225$377,418$0$1,235,152
67$4,279,750$297,167$0$1,262,782
68$4,614,429$209,874$0$1,305,740
69$4,980,038$115,094$0$1,353,007
70$5,379,629$12,361$0$1,405,152
71$5,816,565$0$0$1,462,809
72$6,294,547$0$0$1,579,971
73$6,817,651$0$0$1,715,650
74$7,390,365$0$0$1,864,365
75$8,017,631$0$0$2,027,422
76$8,704,892$0$0$2,206,257
77$9,458,141$0$0$2,402,452
78$10,283,981$0$0$2,617,750
79$11,189,681$0$0$2,854,072
80$12,183,249$0$0$3,113,532
81$13,273,507$0$0$3,398,459
82$14,470,169$0$0$3,711,421
83$15,783,938$0$0$4,055,243
84$17,226,602$0$0$4,433,041
85$18,811,149$0$0$4,848,246
86$20,551,883$0$0$5,304,637
87$22,464,565$0$0$5,806,379
88$24,566,556$0$0$6,358,060
89$26,876,985$0$0$6,964,734
90$29,416,924$0$0$7,631,971
91$32,209,589$0$0$8,365,906
92$35,280,558$0$0$9,173,300
93$38,658,013$0$0$10,061,601
94$42,373,000$0$0$11,039,017
95$46,459,731$0$0$12,114,590
96$50,955,896$0$0$13,298,284
97$55,903,023$0$0$14,601,077
98$61,346,871$0$0$16,035,064
99$67,337,856$0$0$17,613,577
100$73,931,529$0$0$19,351,299