Can I retire at age 45 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$79,937$79,225$78,530$77,852$77,190$76,703
2 years$39,573$38,836$38,121$37,429$36,757$36,266
3 years$26,120$25,379$24,667$23,981$23,320$22,840
4 years$19,395$18,657$17,951$17,277$16,632$16,167
5 years$15,360$14,627$13,931$13,270$12,643$12,194
6 years$12,672$11,944$11,258$10,612$10,004$9,572
7 years$10,752$10,031$9,356$8,725$8,136$7,721
8 years$9,313$8,598$7,934$7,319$6,750$6,351
9 years$8,195$7,486$6,834$6,234$5,684$5,302
10 years$7,300$6,599$5,958$5,374$4,843$4,478
11 years$6,569$5,874$5,245$4,677$4,165$3,816
12 years$5,960$5,273$4,655$4,102$3,610$3,276
13 years$5,445$4,765$4,159$3,622$3,148$2,830
14 years$5,004$4,331$3,737$3,215$2,759$2,457
15 years$4,622$3,957$3,374$2,867$2,429$2,142
16 years$4,289$3,630$3,059$2,567$2,147$1,874
17 years$3,994$3,343$2,783$2,307$1,904$1,645
18 years$3,733$3,089$2,541$2,079$1,693$1,447
19 years$3,500$2,863$2,326$1,878$1,509$1,276
20 years$3,290$2,660$2,135$1,701$1,348$1,128
21 years$3,100$2,478$1,964$1,544$1,206$998
22 years$2,928$2,313$1,810$1,404$1,081$885
23 years$2,771$2,164$1,671$1,278$970$786
24 years$2,628$2,027$1,545$1,166$872$698
25 years$2,496$1,902$1,431$1,065$785$621
26 years$2,374$1,788$1,327$974$707$553
27 years$2,262$1,683$1,233$891$637$493
28 years$2,157$1,586$1,146$817$575$439
29 years$2,061$1,496$1,066$749$519$392
30 years$1,970$1,413$993$687$469$350
31 years$1,886$1,335$926$631$424$313
32 years$1,807$1,264$864$580$384$279
33 years$1,734$1,197$807$533$347$250
34 years$1,664$1,134$754$491$314$223
35 years$1,599$1,076$705$452$285$200
36 years$1,537$1,021$659$416$258$179
37 years$1,479$970$617$383$234$160
38 years$1,425$922$578$353$212$143
39 years$1,373$876$541$326$192$128
40 years$1,323$834$507$301$174$115
41 years$1,277$794$476$277$158$103
42 years$1,232$756$446$256$144$92
43 years$1,190$720$419$236$130$83
44 years$1,150$686$393$218$118$74
45 years$1,112$655$369$201$107$66
46 years$1,075$624$347$186$97$59
47 years$1,041$596$326$172$89$53
48 years$1,007$569$306$159$80$48
49 years$976$543$288$147$73$43
50 years$945$519$270$136$66$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $968,000, adding $2,830 every year, while hoping to spend $20,730 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: 45/39/16 Blend
44$968,000$968,000$968,000$968,000
45$1,069,655$1,018,351$1,003,347$1,112,768
46$1,156,703$1,046,194$1,014,903$1,170,994
47$1,251,936$1,074,706$1,026,151$1,231,793
48$1,356,165$1,103,899$1,037,059$1,297,278
49$1,470,287$1,133,782$1,047,593$1,367,890
50$1,595,286$1,164,368$1,057,717$1,444,118
51$1,732,249$1,195,666$1,067,395$1,526,498
52$1,882,371$1,227,686$1,076,585$1,615,620
53$2,046,968$1,260,438$1,085,246$1,712,134
54$2,227,491$1,293,931$1,093,334$1,816,756
55$2,425,537$1,328,176$1,100,802$1,930,274
56$2,642,865$1,363,180$1,107,602$2,053,557
57$2,881,413$1,398,951$1,113,683$2,187,560
58$3,143,316$1,435,499$1,118,990$2,333,335
59$3,430,925$1,472,829$1,123,467$2,492,044
60$3,746,830$1,510,948$1,127,054$2,664,963
61$4,093,885$1,549,863$1,129,688$2,853,499
62$4,475,233$1,589,578$1,131,305$3,059,202
63$4,894,338$1,630,098$1,131,834$3,283,781
64$5,355,014$1,671,426$1,131,204$3,529,117
65$5,861,465$1,713,565$1,129,339$3,797,283
66$6,418,321$1,756,517$1,126,159$4,090,562
67$7,030,685$1,800,281$1,121,580$4,411,471
68$7,704,177$1,844,858$1,115,515$4,762,784
69$8,444,991$1,890,243$1,107,873$5,147,554
70$9,259,950$1,936,435$1,098,556$5,569,149
71$10,156,572$1,983,428$1,087,466$6,031,278
72$11,143,141$2,031,215$1,074,494$6,538,029
73$12,228,784$2,079,787$1,059,533$7,093,906
74$13,423,558$2,129,134$1,042,464$7,703,873
75$14,738,543$2,179,243$1,023,169$8,373,400
76$16,185,948$2,230,100$1,001,519$9,108,514
77$17,779,227$2,281,687$977,382$9,915,859
78$19,533,203$2,333,985$950,619$10,802,754
79$21,464,210$2,386,971$921,085$11,777,265
80$23,590,247$2,440,619$888,629$12,848,284
81$25,931,145$2,494,903$853,091$14,025,607
82$28,508,757$2,549,789$814,305$15,320,031
83$31,347,164$2,605,242$772,098$16,743,453
84$34,472,900$2,661,224$726,288$18,308,987
85$37,915,203$2,717,691$676,686$20,031,083
86$41,706,291$2,774,596$623,093$21,925,666
87$45,881,669$2,831,887$565,303$24,010,287
88$50,480,457$2,889,507$503,098$26,304,287
89$55,545,766$2,947,395$436,254$28,828,983
90$61,125,100$3,005,483$364,534$31,607,865
91$67,270,806$3,063,698$287,692$34,666,822
92$74,040,569$3,121,960$205,471$38,034,384
93$81,497,955$3,180,183$117,601$41,741,995
94$89,713,009$3,238,275$23,803$45,824,305
95$98,762,919$3,296,134$0$50,319,505
96$108,732,745$3,353,653$0$55,282,703
97$119,716,218$3,410,714$0$60,752,440
98$131,816,625$3,467,193$0$66,775,817
99$145,147,789$3,522,953$0$73,409,223
100$159,835,136$3,577,851$0$80,714,796