Can I retire at age 45 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$79,689$78,979$78,286$77,610$76,950$73,927
2 years$39,450$38,715$38,003$37,313$36,643$33,634
3 years$26,039$25,301$24,591$23,907$23,248$20,347
4 years$19,334$18,599$17,896$17,223$16,581$13,811
5 years$15,313$14,582$13,888$13,229$12,604$9,973
6 years$12,633$11,907$11,223$10,580$9,973$7,482
7 years$10,719$9,999$9,327$8,698$8,111$5,759
8 years$9,285$8,571$7,910$7,297$6,729$4,514
9 years$8,169$7,463$6,813$6,215$5,667$3,585
10 years$7,278$6,578$5,939$5,357$4,828$2,876
11 years$6,549$5,856$5,229$4,663$4,152$2,325
12 years$5,942$5,256$4,641$4,090$3,598$1,891
13 years$5,428$4,750$4,146$3,611$3,138$1,546
14 years$4,989$4,318$3,725$3,205$2,751$1,268
15 years$4,608$3,944$3,363$2,858$2,422$1,044
16 years$4,275$3,619$3,049$2,559$2,141$861
17 years$3,982$3,333$2,775$2,300$1,898$712
18 years$3,722$3,080$2,533$2,072$1,688$589
19 years$3,489$2,854$2,319$1,873$1,504$489
20 years$3,280$2,652$2,128$1,696$1,344$406
21 years$3,091$2,470$1,958$1,539$1,202$337
22 years$2,919$2,306$1,804$1,399$1,078$280
23 years$2,763$2,157$1,666$1,275$967$233
24 years$2,619$2,021$1,541$1,162$870$194
25 years$2,488$1,896$1,427$1,062$782$162
26 years$2,367$1,782$1,323$971$705$135
27 years$2,255$1,677$1,229$888$635$112
28 years$2,151$1,581$1,142$814$573$94
29 years$2,054$1,491$1,063$746$518$78
30 years$1,964$1,408$990$685$468$65
31 years$1,880$1,331$923$629$423$54
32 years$1,802$1,260$861$578$383$45
33 years$1,728$1,193$804$532$346$38
34 years$1,659$1,131$751$489$313$32
35 years$1,594$1,072$703$450$284$26
36 years$1,533$1,018$657$415$257$22
37 years$1,475$967$615$382$233$18
38 years$1,420$919$576$352$211$15
39 years$1,368$874$540$325$192$13
40 years$1,319$831$506$300$174$11
41 years$1,273$791$474$276$158$9
42 years$1,229$753$445$255$143$7
43 years$1,187$718$418$235$130$6
44 years$1,147$684$392$217$118$5
45 years$1,108$653$368$201$107$4
46 years$1,072$623$346$185$97$4
47 years$1,037$594$325$171$88$3
48 years$1,004$567$305$158$80$3
49 years$973$542$287$146$73$2
50 years$942$517$270$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $965,000, adding $5,683 every year, while hoping to spend $23,942 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: 29/46/25 Blend
44$965,000$965,000$965,000$965,000
45$1,069,292$1,018,147$1,003,190$1,091,865
46$1,152,886$1,042,562$1,011,322$1,134,359
47$1,244,204$1,067,371$1,018,925$1,177,526
48$1,344,008$1,092,568$1,025,955$1,223,447
49$1,453,139$1,118,146$1,032,366$1,272,373
50$1,572,520$1,144,096$1,038,112$1,324,585
51$1,703,170$1,170,410$1,043,141$1,380,390
52$1,846,209$1,197,076$1,047,402$1,440,127
53$2,002,872$1,224,082$1,050,840$1,504,172
54$2,174,517$1,251,414$1,053,395$1,572,936
55$2,362,642$1,279,057$1,055,008$1,646,874
56$2,568,894$1,306,994$1,055,614$1,726,490
57$2,795,091$1,335,206$1,055,146$1,812,336
58$3,043,230$1,363,671$1,053,533$1,905,024
59$3,315,515$1,392,367$1,050,702$2,005,227
60$3,614,373$1,421,268$1,046,576$2,113,688
61$3,942,475$1,450,346$1,041,073$2,231,227
62$4,302,766$1,479,572$1,034,107$2,358,749
63$4,698,489$1,508,911$1,025,590$2,497,251
64$5,133,216$1,538,329$1,015,429$2,647,833
65$5,610,883$1,567,786$1,003,524$2,811,709
66$6,135,825$1,597,240$989,774$2,990,217
67$6,712,819$1,626,644$974,072$3,184,835
68$7,347,128$1,655,951$956,304$3,397,192
69$8,044,548$1,685,106$936,354$3,629,083
70$8,811,468$1,714,052$914,098$3,882,492
71$9,654,925$1,742,727$889,407$4,159,603
72$10,582,671$1,771,065$862,146$4,462,828
73$11,603,251$1,798,995$832,175$4,794,827
74$12,726,075$1,826,439$799,346$5,158,532
75$13,961,516$1,853,315$763,505$5,557,179
76$15,320,999$1,879,536$724,491$5,994,334
77$16,817,115$1,905,007$682,135$6,473,933
78$18,463,736$1,929,627$636,262$7,000,315
79$20,276,147$1,953,289$586,687$7,578,265
80$22,271,191$1,975,878$533,218$8,213,061
81$24,467,426$1,997,269$475,655$8,910,523
82$26,885,302$2,017,334$413,787$9,677,068
83$29,547,350$2,035,930$347,396$10,519,773
84$32,478,399$2,052,910$276,253$11,446,442
85$35,705,807$2,068,114$200,119$12,465,681
86$39,259,721$2,081,373$118,745$13,586,976
87$43,173,360$2,092,508$31,870$14,820,792
88$47,483,328$2,101,326$0$16,178,662
89$52,229,961$2,107,625$0$17,689,536
90$57,457,706$2,111,187$0$19,361,335
91$63,215,539$2,111,783$0$21,201,089
92$69,557,432$2,109,168$0$23,225,929
93$76,542,856$2,103,083$0$25,454,733
94$84,237,346$2,093,253$0$27,908,312
95$92,713,118$2,079,385$0$30,609,604
96$102,049,752$2,061,170$0$33,583,890
97$112,334,938$2,038,279$0$36,859,036
98$123,665,311$2,010,365$0$40,465,754
99$136,147,357$1,977,056$0$44,437,897
100$149,898,419$1,937,964$0$48,812,777