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%16.8%
1 years$79,689$78,979$78,286$77,610$76,950$74,817
2 years$39,450$38,715$38,003$37,313$36,643$34,510
3 years$26,039$25,301$24,591$23,907$23,248$21,181
4 years$19,334$18,599$17,896$17,223$16,581$14,597
5 years$15,313$14,582$13,888$13,229$12,604$10,708
6 years$12,633$11,907$11,223$10,580$9,973$8,167
7 years$10,719$9,999$9,327$8,698$8,111$6,395
8 years$9,285$8,571$7,910$7,297$6,729$5,102
9 years$8,169$7,463$6,813$6,215$5,667$4,127
10 years$7,278$6,578$5,939$5,357$4,828$3,374
11 years$6,549$5,856$5,229$4,663$4,152$2,781
12 years$5,942$5,256$4,641$4,090$3,598$2,308
13 years$5,428$4,750$4,146$3,611$3,138$1,925
14 years$4,989$4,318$3,725$3,205$2,751$1,613
15 years$4,608$3,944$3,363$2,858$2,422$1,356
16 years$4,275$3,619$3,049$2,559$2,141$1,143
17 years$3,982$3,333$2,775$2,300$1,898$966
18 years$3,722$3,080$2,533$2,072$1,688$818
19 years$3,489$2,854$2,319$1,873$1,504$694
20 years$3,280$2,652$2,128$1,696$1,344$589
21 years$3,091$2,470$1,958$1,539$1,202$501
22 years$2,919$2,306$1,804$1,399$1,078$427
23 years$2,763$2,157$1,666$1,275$967$364
24 years$2,619$2,021$1,541$1,162$870$310
25 years$2,488$1,896$1,427$1,062$782$264
26 years$2,367$1,782$1,323$971$705$226
27 years$2,255$1,677$1,229$888$635$193
28 years$2,151$1,581$1,142$814$573$165
29 years$2,054$1,491$1,063$746$518$141
30 years$1,964$1,408$990$685$468$120
31 years$1,880$1,331$923$629$423$103
32 years$1,802$1,260$861$578$383$88
33 years$1,728$1,193$804$532$346$75
34 years$1,659$1,131$751$489$313$64
35 years$1,594$1,072$703$450$284$55
36 years$1,533$1,018$657$415$257$47
37 years$1,475$967$615$382$233$40
38 years$1,420$919$576$352$211$34
39 years$1,368$874$540$325$192$30
40 years$1,319$831$506$300$174$25
41 years$1,273$791$474$276$158$22
42 years$1,229$753$445$255$143$19
43 years$1,187$718$418$235$130$16
44 years$1,147$684$392$217$118$14
45 years$1,108$653$368$201$107$12
46 years$1,072$623$346$185$97$10
47 years$1,037$594$325$171$88$9
48 years$1,004$567$305$158$80$7
49 years$973$542$287$146$73$6
50 years$942$517$270$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $965,000, adding $2,174 every year, while hoping to spend $59,473 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: 61/28/11 Blend
44$965,000$965,000$965,000$965,000
45$1,065,672$1,014,527$999,570$1,127,811
46$1,111,092$1,000,961$969,777$1,156,188
47$1,159,152$984,735$936,992$1,180,161
48$1,210,057$965,659$901,053$1,204,855
49$1,264,034$943,528$861,790$1,230,344
50$1,321,328$918,124$819,023$1,256,709
51$1,382,211$889,219$772,567$1,284,044
52$1,446,975$856,570$722,227$1,312,453
53$1,515,945$819,920$667,800$1,342,055
54$1,589,473$778,997$609,073$1,372,983
55$1,667,946$733,515$545,824$1,405,388
56$1,751,789$683,170$477,821$1,439,440
57$1,841,465$627,639$404,822$1,475,329
58$1,937,485$566,583$326,573$1,513,270
59$2,040,407$499,644$242,812$1,553,502
60$2,150,843$426,442$153,261$1,596,296
61$2,269,467$346,575$57,633$1,641,952
62$2,397,017$259,621$0$1,690,810
63$2,534,302$165,133$0$1,748,460
64$2,682,214$62,637$0$1,817,669
65$2,841,729$0$0$1,892,177
66$3,013,922$0$0$1,987,451
67$3,199,972$0$0$2,111,302
68$3,401,176$0$0$2,245,302
69$3,618,959$0$0$2,390,408
70$3,854,887$0$0$2,547,671
71$4,110,685$0$0$2,718,248
72$4,388,246$0$0$2,903,411
73$4,689,654$0$0$3,104,560
74$5,017,200$0$0$3,323,234
75$5,373,406$0$0$3,561,125
76$5,761,045$0$0$3,820,098
77$6,183,169$0$0$4,102,202
78$6,643,137$0$0$4,409,692
79$7,144,643$0$0$4,745,052
80$7,691,757$0$0$5,111,015
81$8,288,954$0$0$5,510,587
82$8,941,164$0$0$5,947,081
83$9,653,810$0$0$6,424,141
84$10,432,868$0$0$6,945,781
85$11,284,912$0$0$7,516,418
86$12,217,183$0$0$8,140,920
87$13,237,653$0$0$8,824,641
88$14,355,103$0$0$9,573,483
89$15,579,200$0$0$10,393,942
90$16,920,590$0$0$11,293,172
91$18,391,001$0$0$12,279,054
92$20,003,345$0$0$13,360,266
93$21,771,847$0$0$14,546,367
94$23,712,173$0$0$15,847,887
95$25,841,580$0$0$17,276,421
96$28,179,075$0$0$18,844,746
97$30,745,597$0$0$20,566,933
98$33,564,210$0$0$22,458,484
99$36,660,323$0$0$24,536,475
100$40,061,925$0$0$26,819,719