Can I retire at age 45 with 967,000?

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 $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%19.5%
1 years$79,854$79,143$78,449$77,771$77,110$74,168
2 years$39,532$38,795$38,082$37,390$36,719$33,789
3 years$26,093$25,353$24,642$23,956$23,296$20,471
4 years$19,374$18,637$17,933$17,259$16,615$13,916
5 years$15,345$14,612$13,917$13,257$12,630$10,065
6 years$12,659$11,932$11,247$10,601$9,994$7,564
7 years$10,741$10,020$9,346$8,716$8,128$5,832
8 years$9,304$8,589$7,926$7,312$6,743$4,579
9 years$8,186$7,478$6,827$6,228$5,678$3,643
10 years$7,293$6,592$5,952$5,369$4,838$2,929
11 years$6,562$5,868$5,240$4,672$4,161$2,372
12 years$5,954$5,267$4,650$4,098$3,606$1,933
13 years$5,440$4,760$4,155$3,618$3,144$1,583
14 years$4,999$4,327$3,733$3,212$2,756$1,302
15 years$4,618$3,952$3,370$2,864$2,427$1,074
16 years$4,284$3,626$3,056$2,565$2,145$888
17 years$3,990$3,340$2,781$2,304$1,902$735
18 years$3,729$3,086$2,538$2,077$1,691$610
19 years$3,496$2,860$2,324$1,876$1,507$507
20 years$3,287$2,658$2,133$1,699$1,346$422
21 years$3,097$2,476$1,962$1,542$1,205$352
22 years$2,925$2,311$1,808$1,402$1,080$293
23 years$2,768$2,161$1,669$1,277$969$244
24 years$2,625$2,025$1,544$1,165$871$204
25 years$2,493$1,900$1,430$1,064$784$170
26 years$2,372$1,786$1,326$973$706$142
27 years$2,259$1,681$1,231$890$637$119
28 years$2,155$1,584$1,145$816$575$99
29 years$2,059$1,494$1,065$748$519$83
30 years$1,968$1,411$992$687$469$69
31 years$1,884$1,334$925$631$424$58
32 years$1,806$1,262$863$579$383$49
33 years$1,732$1,195$806$533$347$41
34 years$1,662$1,133$753$490$314$34
35 years$1,597$1,075$704$451$285$28
36 years$1,536$1,020$659$416$258$24
37 years$1,478$969$616$383$234$20
38 years$1,423$921$577$353$212$17
39 years$1,371$875$541$325$192$14
40 years$1,322$833$507$300$174$12
41 years$1,275$793$475$277$158$10
42 years$1,231$755$446$256$143$8
43 years$1,189$719$418$236$130$7
44 years$1,149$686$393$218$118$6
45 years$1,111$654$369$201$107$5
46 years$1,074$624$346$186$97$4
47 years$1,040$595$325$172$88$3
48 years$1,006$568$306$159$80$3
49 years$975$543$287$147$73$2
50 years$944$518$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $967,000, adding $3,002 every year, while hoping to spend $36,464 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: 61/15/24 Blend
44$967,000$967,000$967,000$967,000
45$1,068,731$1,017,480$1,002,491$1,126,940
46$1,138,944$1,028,539$997,277$1,177,837
47$1,215,096$1,038,918$990,666$1,229,117
48$1,297,756$1,048,544$982,574$1,284,287
49$1,387,547$1,057,343$972,909$1,343,735
50$1,485,155$1,065,231$961,580$1,407,884
51$1,591,335$1,072,122$948,488$1,477,205
52$1,706,919$1,077,923$933,530$1,552,216
53$1,832,820$1,082,537$916,598$1,633,490
54$1,970,045$1,085,858$897,581$1,721,659
55$2,119,700$1,087,776$876,361$1,817,420
56$2,283,005$1,088,172$852,814$1,921,544
57$2,461,300$1,086,921$826,812$2,034,880
58$2,656,063$1,083,890$798,220$2,158,368
59$2,868,918$1,078,937$766,897$2,293,042
60$3,101,655$1,071,913$732,696$2,440,046
61$3,356,244$1,062,658$695,462$2,600,641
62$3,634,856$1,051,003$655,035$2,776,219
63$3,939,879$1,036,770$611,246$2,968,316
64$4,273,944$1,019,768$563,920$3,178,628
65$4,639,947$999,798$512,873$3,409,024
66$5,041,080$976,646$457,912$3,661,570
67$5,480,856$950,088$398,838$3,938,540
68$5,963,145$919,884$335,440$4,242,449
69$6,492,209$885,782$267,501$4,576,066
70$7,072,744$847,514$194,792$4,942,451
71$7,709,921$804,800$117,075$5,344,976
72$8,409,436$757,338$34,100$5,787,361
73$9,177,565$704,814$0$6,273,711
74$10,021,220$646,893$0$6,822,495
75$10,948,014$583,221$0$7,434,990
76$11,966,338$513,425$0$8,108,033
77$13,085,432$437,110$0$8,847,774
78$14,315,477$353,859$0$9,660,991
79$15,667,689$263,232$0$10,555,153
80$17,154,426$164,763$0$11,538,494
81$18,789,303$57,962$0$12,620,087
82$20,587,318$0$0$13,809,934
83$22,564,998$0$0$15,128,580
84$24,740,552$0$0$16,589,768
85$27,134,040$0$0$18,197,417
86$29,767,568$0$0$19,966,385
87$32,665,490$0$0$21,913,041
88$35,854,642$0$0$24,055,424
89$39,364,591$0$0$26,413,408
90$43,227,917$0$0$29,008,893
91$47,480,519$0$0$31,866,009
92$52,161,952$0$0$35,011,345
93$57,315,801$0$0$38,474,197
94$62,990,093$0$0$42,286,848
95$69,237,747$0$0$46,484,872
96$76,117,076$0$0$51,107,463
97$83,692,335$0$0$56,197,815
98$92,034,326$0$0$61,803,520
99$101,221,069$0$0$67,977,023
100$111,338,537$0$0$74,776,114