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%19.3%
1 years$79,606$78,897$78,205$77,530$76,871$73,996
2 years$39,409$38,675$37,964$37,274$36,605$33,742
3 years$26,012$25,275$24,565$23,882$23,224$20,462
4 years$19,314$18,579$17,877$17,206$16,563$13,924
5 years$15,297$14,567$13,873$13,215$12,591$10,081
6 years$12,620$11,895$11,212$10,569$9,963$7,584
7 years$10,708$9,989$9,317$8,689$8,103$5,854
8 years$9,275$8,563$7,902$7,289$6,722$4,602
9 years$8,161$7,455$6,806$6,209$5,661$3,666
10 years$7,270$6,571$5,933$5,352$4,823$2,951
11 years$6,542$5,850$5,224$4,658$4,148$2,393
12 years$5,935$5,251$4,636$4,085$3,595$1,953
13 years$5,423$4,745$4,142$3,607$3,135$1,602
14 years$4,984$4,313$3,721$3,202$2,748$1,319
15 years$4,603$3,940$3,360$2,855$2,419$1,089
16 years$4,271$3,615$3,046$2,557$2,138$902
17 years$3,978$3,329$2,772$2,297$1,896$748
18 years$3,718$3,076$2,530$2,070$1,686$622
19 years$3,485$2,851$2,317$1,871$1,503$518
20 years$3,276$2,650$2,126$1,694$1,342$431
21 years$3,088$2,468$1,955$1,538$1,201$360
22 years$2,916$2,304$1,802$1,398$1,077$300
23 years$2,760$2,155$1,664$1,273$966$251
24 years$2,617$2,019$1,539$1,161$869$210
25 years$2,485$1,894$1,425$1,061$782$175
26 years$2,364$1,781$1,322$970$704$147
27 years$2,252$1,676$1,228$888$635$123
28 years$2,149$1,579$1,141$813$573$103
29 years$2,052$1,490$1,062$746$517$86
30 years$1,962$1,407$989$684$467$72
31 years$1,878$1,330$922$629$422$60
32 years$1,800$1,258$860$578$382$51
33 years$1,726$1,192$803$531$346$42
34 years$1,657$1,129$751$489$313$35
35 years$1,592$1,071$702$450$284$30
36 years$1,531$1,017$657$414$257$25
37 years$1,473$966$614$382$233$21
38 years$1,419$918$575$352$211$17
39 years$1,367$873$539$324$191$15
40 years$1,318$830$505$299$174$12
41 years$1,271$790$474$276$158$10
42 years$1,227$753$444$255$143$9
43 years$1,185$717$417$235$130$7
44 years$1,145$684$392$217$118$6
45 years$1,107$652$368$201$107$5
46 years$1,071$622$345$185$97$4
47 years$1,036$593$324$171$88$4
48 years$1,003$567$305$158$80$3
49 years$972$541$287$146$73$3
50 years$941$517$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 $964,000, adding $5,284 every year, while hoping to spend $56,180 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: 29/43/28 Blend
44$964,000$964,000$964,000$964,000
45$1,067,778$1,016,686$1,001,744$1,089,395
46$1,116,917$1,006,729$975,528$1,096,936
47$1,169,184$994,401$946,550$1,099,806
48$1,224,841$979,526$914,659$1,101,771
49$1,284,171$961,919$879,697$1,102,793
50$1,347,486$941,383$841,496$1,102,834
51$1,415,128$917,709$799,885$1,101,859
52$1,487,471$890,676$754,680$1,099,835
53$1,564,924$860,051$705,694$1,096,734
54$1,647,938$825,586$652,726$1,092,530
55$1,737,007$787,018$595,572$1,087,203
56$1,832,671$744,072$534,013$1,080,739
57$1,935,526$696,453$467,824$1,073,131
58$2,046,223$643,853$396,770$1,064,378
59$2,165,480$585,944$320,604$1,054,492
60$2,294,083$522,379$239,068$1,043,493
61$2,432,896$452,793$151,894$1,031,415
62$2,582,871$376,798$58,801$1,018,306
63$2,745,050$293,988$0$1,004,231
64$2,920,581$203,929$0$1,001,387
65$3,110,725$106,167$0$1,017,301
66$3,316,871$220$0$1,034,613
67$3,540,541$0$0$1,053,580
68$3,783,415$0$0$1,128,636
69$4,047,337$0$0$1,210,446
70$4,334,336$0$0$1,299,550
71$4,646,645$0$0$1,396,661
72$4,986,721$0$0$1,502,561
73$5,357,268$0$0$1,618,111
74$5,761,261$0$0$1,744,259
75$6,201,974$0$0$1,882,049
76$6,683,011$0$0$2,032,629
77$7,208,339$0$0$2,197,265
78$7,782,326$0$0$2,377,349
79$8,409,780$0$0$2,574,414
80$9,095,995$0$0$2,790,150
81$9,846,799$0$0$3,026,414
82$10,668,609$0$0$3,285,255
83$11,568,494$0$0$3,568,927
84$12,554,235$0$0$3,879,914
85$13,634,402$0$0$4,220,950
86$14,818,436$0$0$4,595,049
87$16,116,730$0$0$5,005,529
88$17,540,735$0$0$5,456,043
89$19,103,062$0$0$5,950,618
90$20,817,601$0$0$6,493,689
91$22,699,653$0$0$7,090,140
92$24,766,072$0$0$7,745,353
93$27,035,423$0$0$8,465,257
94$29,528,160$0$0$9,256,382
95$32,266,812$0$0$10,125,923
96$35,276,200$0$0$11,081,808
97$38,583,669$0$0$12,132,768
98$42,219,342$0$0$13,288,426
99$46,216,408$0$0$14,559,381
100$50,611,432$0$0$15,957,313