Can I retire at age 45 with 967,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$79,854$79,143$78,449$77,771$77,110$74,701
2 years$39,532$38,795$38,082$37,390$36,719$34,314
3 years$26,093$25,353$24,642$23,956$23,296$20,970
4 years$19,374$18,637$17,933$17,259$16,615$14,385
5 years$15,345$14,612$13,917$13,257$12,630$10,504
6 years$12,659$11,932$11,247$10,601$9,994$7,972
7 years$10,741$10,020$9,346$8,716$8,128$6,210
8 years$9,304$8,589$7,926$7,312$6,743$4,928
9 years$8,186$7,478$6,827$6,228$5,678$3,965
10 years$7,293$6,592$5,952$5,369$4,838$3,223
11 years$6,562$5,868$5,240$4,672$4,161$2,642
12 years$5,954$5,267$4,650$4,098$3,606$2,179
13 years$5,440$4,760$4,155$3,618$3,144$1,806
14 years$4,999$4,327$3,733$3,212$2,756$1,504
15 years$4,618$3,952$3,370$2,864$2,427$1,256
16 years$4,284$3,626$3,056$2,565$2,145$1,052
17 years$3,990$3,340$2,781$2,304$1,902$883
18 years$3,729$3,086$2,538$2,077$1,691$743
19 years$3,496$2,860$2,324$1,876$1,507$626
20 years$3,287$2,658$2,133$1,699$1,346$528
21 years$3,097$2,476$1,962$1,542$1,205$446
22 years$2,925$2,311$1,808$1,402$1,080$377
23 years$2,768$2,161$1,669$1,277$969$319
24 years$2,625$2,025$1,544$1,165$871$270
25 years$2,493$1,900$1,430$1,064$784$229
26 years$2,372$1,786$1,326$973$706$194
27 years$2,259$1,681$1,231$890$637$164
28 years$2,155$1,584$1,145$816$575$139
29 years$2,059$1,494$1,065$748$519$118
30 years$1,968$1,411$992$687$469$100
31 years$1,884$1,334$925$631$424$85
32 years$1,806$1,262$863$579$383$72
33 years$1,732$1,195$806$533$347$61
34 years$1,662$1,133$753$490$314$52
35 years$1,597$1,075$704$451$285$44
36 years$1,536$1,020$659$416$258$38
37 years$1,478$969$616$383$234$32
38 years$1,423$921$577$353$212$27
39 years$1,371$875$541$325$192$23
40 years$1,322$833$507$300$174$20
41 years$1,275$793$475$277$158$17
42 years$1,231$755$446$256$143$14
43 years$1,189$719$418$236$130$12
44 years$1,149$686$393$218$118$10
45 years$1,111$654$369$201$107$9
46 years$1,074$624$346$186$97$7
47 years$1,040$595$325$172$88$6
48 years$1,006$568$306$159$80$5
49 years$975$543$287$147$73$5
50 years$944$518$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $967,000, adding $3,135 every year, while hoping to spend $23,847 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: 66/21/13 Blend
44$967,000$967,000$967,000$967,000
45$1,068,868$1,017,617$1,002,628$1,136,023
46$1,152,519$1,042,107$1,010,843$1,205,708
47$1,243,904$1,066,998$1,018,534$1,278,756
48$1,343,785$1,092,284$1,025,658$1,357,996
49$1,453,004$1,117,959$1,032,171$1,444,034
50$1,572,487$1,144,015$1,038,024$1,537,534
51$1,703,251$1,170,442$1,043,169$1,639,229
52$1,846,420$1,197,232$1,047,553$1,749,926
53$2,003,230$1,224,371$1,051,121$1,870,513
54$2,175,041$1,251,847$1,053,815$2,001,971
55$2,363,353$1,279,645$1,055,575$2,145,378
56$2,569,816$1,307,748$1,056,338$2,301,923
57$2,796,248$1,336,139$1,056,036$2,472,914
58$3,044,653$1,364,797$1,054,601$2,659,796
59$3,317,234$1,393,699$1,051,957$2,864,157
60$3,616,423$1,422,821$1,048,029$3,087,749
61$3,944,896$1,452,137$1,042,735$3,332,501
62$4,305,600$1,481,616$1,035,991$3,600,541
63$4,701,783$1,511,227$1,027,708$3,894,210
64$5,137,022$1,540,935$1,017,794$4,216,092
65$5,615,259$1,570,702$1,006,151$4,569,031
66$6,140,836$1,600,486$992,678$4,956,162
67$6,718,535$1,630,244$977,266$5,380,941
68$7,353,627$1,659,927$959,806$5,847,174
69$8,051,916$1,689,483$940,179$6,359,058
70$8,819,801$1,718,856$918,263$6,921,215
71$9,664,326$1,747,986$893,931$7,538,742
72$10,593,258$1,776,808$867,049$8,217,252
73$11,615,151$1,805,252$837,476$8,962,935
74$12,739,431$1,833,244$805,065$9,782,609
75$13,976,482$1,860,702$769,664$10,683,790
76$15,337,748$1,887,541$731,113$11,674,759
77$16,835,837$1,913,669$689,243$12,764,645
78$18,484,640$1,938,987$643,880$13,963,507
79$20,299,464$1,963,388$594,842$15,282,429
80$22,297,177$1,986,762$541,937$16,733,628
81$24,496,362$2,008,986$484,965$18,330,569
82$26,917,498$2,029,933$423,717$20,088,089
83$29,583,148$2,049,466$357,978$22,022,540
84$32,518,177$2,067,437$287,517$24,151,944
85$35,749,982$2,083,692$212,100$26,496,161
86$39,308,751$2,098,064$131,476$29,077,079
87$43,227,752$2,110,377$45,389$31,918,819
88$47,543,640$2,120,443$0$35,047,965
89$52,296,808$2,128,062$0$38,500,261
90$57,531,767$2,133,021$0$42,308,684
91$63,297,562$2,135,095$0$46,502,556
92$69,648,243$2,134,043$0$51,121,132
93$76,643,363$2,129,611$0$56,207,673
94$84,348,553$2,121,529$0$61,809,851
95$92,836,130$2,109,509$0$67,980,202
96$102,185,787$2,093,246$0$74,776,621
97$112,485,341$2,072,419$0$82,262,907
98$123,831,562$2,046,684$0$90,509,368
99$136,331,089$2,015,678$0$99,593,483
100$150,101,431$1,979,018$0$109,600,636