Can I retire at age 45 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$79,771$79,061$78,368$77,691$77,030$74,120
2 years$39,491$38,755$38,043$37,351$36,681$33,783
3 years$26,066$25,327$24,616$23,931$23,272$20,477
4 years$19,354$18,618$17,914$17,241$16,598$13,928
5 years$15,329$14,597$13,902$13,243$12,617$10,079
6 years$12,646$11,919$11,235$10,590$9,984$7,578
7 years$10,730$10,010$9,336$8,707$8,119$5,846
8 years$9,294$8,580$7,918$7,304$6,736$4,593
9 years$8,178$7,471$6,820$6,221$5,673$3,657
10 years$7,285$6,585$5,946$5,363$4,833$2,941
11 years$6,555$5,862$5,234$4,667$4,157$2,384
12 years$5,948$5,262$4,645$4,094$3,602$1,944
13 years$5,434$4,755$4,150$3,614$3,141$1,593
14 years$4,994$4,322$3,729$3,208$2,754$1,311
15 years$4,613$3,948$3,367$2,861$2,424$1,082
16 years$4,280$3,623$3,053$2,562$2,143$895
17 years$3,986$3,336$2,778$2,302$1,900$742
18 years$3,725$3,083$2,536$2,075$1,689$616
19 years$3,493$2,857$2,321$1,874$1,506$513
20 years$3,283$2,655$2,130$1,698$1,345$427
21 years$3,094$2,473$1,960$1,541$1,204$356
22 years$2,922$2,308$1,806$1,401$1,079$297
23 years$2,766$2,159$1,668$1,276$968$248
24 years$2,622$2,023$1,542$1,164$870$207
25 years$2,490$1,898$1,428$1,063$783$173
26 years$2,369$1,784$1,325$972$706$145
27 years$2,257$1,679$1,230$889$636$121
28 years$2,153$1,582$1,144$815$574$101
29 years$2,056$1,493$1,064$747$518$85
30 years$1,966$1,410$991$686$468$71
31 years$1,882$1,333$924$630$423$59
32 years$1,804$1,261$862$579$383$50
33 years$1,730$1,194$805$532$347$41
34 years$1,661$1,132$752$490$314$35
35 years$1,596$1,073$703$451$284$29
36 years$1,534$1,019$658$415$258$24
37 years$1,476$968$616$383$233$20
38 years$1,422$920$577$353$212$17
39 years$1,370$874$540$325$192$14
40 years$1,321$832$506$300$174$12
41 years$1,274$792$475$277$158$10
42 years$1,230$754$445$255$143$8
43 years$1,188$719$418$236$130$7
44 years$1,148$685$392$218$118$6
45 years$1,110$653$368$201$107$5
46 years$1,073$623$346$186$97$4
47 years$1,038$595$325$172$88$3
48 years$1,005$568$305$159$80$3
49 years$974$542$287$146$73$2
50 years$943$518$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 $966,000, adding $6,596 every year, while hoping to spend $48,625 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: 40/30/30 Blend
44$966,000$966,000$966,000$966,000
45$1,071,336$1,020,138$1,005,165$1,104,488
46$1,128,875$1,018,388$987,101$1,127,537
47$1,190,654$1,014,923$966,803$1,147,492
48$1,257,054$1,009,606$944,143$1,168,172
49$1,328,492$1,002,296$918,991$1,189,677
50$1,405,428$992,838$891,207$1,212,117
51$1,488,367$981,072$860,647$1,235,620
52$1,577,862$966,827$827,161$1,260,328
53$1,674,523$949,921$790,590$1,286,406
54$1,779,019$930,161$750,769$1,314,035
55$1,892,084$907,344$707,525$1,343,423
56$2,014,528$881,255$660,678$1,374,803
57$2,147,238$851,665$610,040$1,408,435
58$2,291,193$818,333$555,413$1,444,614
59$2,447,467$781,004$496,591$1,483,669
60$2,617,241$739,406$433,360$1,525,970
61$2,801,817$693,254$365,495$1,571,930
62$3,002,625$642,246$292,761$1,622,012
63$3,221,238$586,061$214,914$1,676,735
64$3,459,388$524,362$131,697$1,736,675
65$3,718,982$456,792$42,845$1,802,477
66$4,002,116$382,973$0$1,874,863
67$4,311,100$302,507$0$1,971,270
68$4,648,475$214,972$0$2,091,673
69$5,017,037$119,923$0$2,223,435
70$5,419,867$16,892$0$2,367,765
71$5,860,355$0$0$2,526,001
72$6,342,234$0$0$2,730,858
73$6,869,614$0$0$2,961,286
74$7,447,022$0$0$3,213,702
75$8,079,442$0$0$3,490,301
76$8,772,363$0$0$3,793,501
77$9,531,830$0$0$4,125,963
78$10,364,499$0$0$4,490,620
79$11,277,705$0$0$4,890,702
80$12,279,522$0$0$5,329,767
81$13,378,846$0$0$5,811,733
82$14,585,477$0$0$6,340,918
83$15,910,206$0$0$6,922,075
84$17,364,923$0$0$7,560,443
85$18,962,725$0$0$8,261,793
86$20,718,041$0$0$9,032,482
87$22,646,764$0$0$9,879,512
88$24,766,405$0$0$10,810,599
89$27,096,253$0$0$11,834,244
90$29,657,562$0$0$12,959,810
91$32,473,746$0$0$14,197,617
92$35,570,600$0$0$15,559,031
93$38,976,546$0$0$17,056,576
94$42,722,897$0$0$18,704,053
95$46,844,155$0$0$20,516,665
96$51,378,331$0$0$22,511,165
97$56,367,311$0$0$24,706,010
98$61,857,240$0$0$27,121,539
99$67,898,967$0$0$29,780,160
100$74,548,517$0$0$32,706,566