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%15.3%
1 years$79,854$79,143$78,449$77,771$77,110$75,430
2 years$39,532$38,795$38,082$37,390$36,719$35,035
3 years$26,093$25,353$24,642$23,956$23,296$21,660
4 years$19,374$18,637$17,933$17,259$16,615$15,040
5 years$15,345$14,612$13,917$13,257$12,630$11,121
6 years$12,659$11,932$11,247$10,601$9,994$8,552
7 years$10,741$10,020$9,346$8,716$8,128$6,753
8 years$9,304$8,589$7,926$7,312$6,743$5,435
9 years$8,186$7,478$6,827$6,228$5,678$4,436
10 years$7,293$6,592$5,952$5,369$4,838$3,661
11 years$6,562$5,868$5,240$4,672$4,161$3,047
12 years$5,954$5,267$4,650$4,098$3,606$2,553
13 years$5,440$4,760$4,155$3,618$3,144$2,151
14 years$4,999$4,327$3,733$3,212$2,756$1,821
15 years$4,618$3,952$3,370$2,864$2,427$1,547
16 years$4,284$3,626$3,056$2,565$2,145$1,318
17 years$3,990$3,340$2,781$2,304$1,902$1,126
18 years$3,729$3,086$2,538$2,077$1,691$964
19 years$3,496$2,860$2,324$1,876$1,507$827
20 years$3,287$2,658$2,133$1,699$1,346$711
21 years$3,097$2,476$1,962$1,542$1,205$611
22 years$2,925$2,311$1,808$1,402$1,080$526
23 years$2,768$2,161$1,669$1,277$969$454
24 years$2,625$2,025$1,544$1,165$871$392
25 years$2,493$1,900$1,430$1,064$784$338
26 years$2,372$1,786$1,326$973$706$292
27 years$2,259$1,681$1,231$890$637$252
28 years$2,155$1,584$1,145$816$575$218
29 years$2,059$1,494$1,065$748$519$189
30 years$1,968$1,411$992$687$469$163
31 years$1,884$1,334$925$631$424$142
32 years$1,806$1,262$863$579$383$123
33 years$1,732$1,195$806$533$347$106
34 years$1,662$1,133$753$490$314$92
35 years$1,597$1,075$704$451$285$80
36 years$1,536$1,020$659$416$258$69
37 years$1,478$969$616$383$234$60
38 years$1,423$921$577$353$212$52
39 years$1,371$875$541$325$192$45
40 years$1,322$833$507$300$174$39
41 years$1,275$793$475$277$158$34
42 years$1,231$755$446$256$143$29
43 years$1,189$719$418$236$130$25
44 years$1,149$686$393$218$118$22
45 years$1,111$654$369$201$107$19
46 years$1,074$624$346$186$97$17
47 years$1,040$595$325$172$88$14
48 years$1,006$568$306$159$80$12
49 years$975$543$287$147$73$11
50 years$944$518$270$136$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $967,000, adding $3,096 every year, while hoping to spend $47,935 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: 67/13/20 Blend
44$967,000$967,000$967,000$967,000
45$1,068,828$1,017,577$1,002,588$1,134,900
46$1,126,845$1,016,435$985,172$1,178,394
47$1,189,175$1,013,632$965,566$1,220,110
48$1,256,204$1,009,033$943,647$1,264,577
49$1,328,361$1,002,500$919,283$1,312,066
50$1,406,115$993,884$892,340$1,362,875
51$1,489,982$983,027$862,676$1,417,332
52$1,580,526$969,761$830,142$1,475,804
53$1,678,371$953,911$794,583$1,538,692
54$1,784,200$935,287$755,837$1,606,444
55$1,898,764$913,693$713,733$1,679,551
56$2,022,890$888,916$668,095$1,758,559
57$2,157,486$860,734$618,738$1,844,070
58$2,303,552$828,912$565,467$1,936,749
59$2,462,185$793,199$508,081$2,037,332
60$2,634,594$753,332$446,368$2,146,632
61$2,822,109$709,032$380,108$2,265,546
62$3,026,192$660,002$309,070$2,395,068
63$3,248,453$605,931$233,013$2,536,292
64$3,490,662$546,489$151,686$2,690,430
65$3,754,769$481,327$64,827$2,858,819
66$4,042,919$410,075$0$3,042,937
67$4,357,473$332,345$0$3,250,362
68$4,701,030$247,724$0$3,492,098
69$5,076,451$155,779$0$3,756,350
70$5,486,886$56,050$0$4,045,380
71$5,935,804$0$0$4,361,682
72$6,427,023$0$0$4,715,438
73$6,964,748$0$0$5,111,521
74$7,553,610$0$0$5,545,329
75$8,198,706$0$0$6,020,628
76$8,905,654$0$0$6,541,562
77$9,680,636$0$0$7,112,697
78$10,530,465$0$0$7,739,060
79$11,462,642$0$0$8,426,189
80$12,485,430$0$0$9,180,185
81$13,607,930$0$0$10,007,765
82$14,840,169$0$0$10,916,332
83$16,193,190$0$0$11,914,037
84$17,679,157$0$0$13,009,862
85$19,311,473$0$0$14,213,700
86$21,104,899$0$0$15,536,449
87$23,075,700$0$0$16,990,117
88$25,241,793$0$0$18,587,930
89$27,622,917$0$0$20,344,463
90$30,240,819$0$0$22,275,770
91$33,119,459$0$0$24,399,539
92$36,285,233$0$0$26,735,260
93$39,767,225$0$0$29,304,403
94$43,597,479$0$0$32,130,627
95$47,811,300$0$0$35,239,997
96$52,447,587$0$0$38,661,231
97$57,549,201$0$0$42,425,975
98$63,163,366$0$0$46,569,093
99$69,342,116$0$0$51,129,003
100$76,142,786$0$0$56,148,034