Can I retire at age 45 with 968,000?

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 $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%18.2%
1 years$79,937$79,225$78,530$77,852$77,190$74,629
2 years$39,573$38,836$38,121$37,429$36,757$34,202
3 years$26,120$25,379$24,667$23,981$23,320$20,851
4 years$19,395$18,657$17,951$17,277$16,632$14,268
5 years$15,360$14,627$13,931$13,270$12,643$10,390
6 years$12,672$11,944$11,258$10,612$10,004$7,864
7 years$10,752$10,031$9,356$8,725$8,136$6,109
8 years$9,313$8,598$7,934$7,319$6,750$4,833
9 years$8,195$7,486$6,834$6,234$5,684$3,877
10 years$7,300$6,599$5,958$5,374$4,843$3,142
11 years$6,569$5,874$5,245$4,677$4,165$2,567
12 years$5,960$5,273$4,655$4,102$3,610$2,110
13 years$5,445$4,765$4,159$3,622$3,148$1,743
14 years$5,004$4,331$3,737$3,215$2,759$1,446
15 years$4,622$3,957$3,374$2,867$2,429$1,204
16 years$4,289$3,630$3,059$2,567$2,147$1,005
17 years$3,994$3,343$2,783$2,307$1,904$841
18 years$3,733$3,089$2,541$2,079$1,693$704
19 years$3,500$2,863$2,326$1,878$1,509$591
20 years$3,290$2,660$2,135$1,701$1,348$497
21 years$3,100$2,478$1,964$1,544$1,206$418
22 years$2,928$2,313$1,810$1,404$1,081$352
23 years$2,771$2,164$1,671$1,278$970$297
24 years$2,628$2,027$1,545$1,166$872$250
25 years$2,496$1,902$1,431$1,065$785$211
26 years$2,374$1,788$1,327$974$707$178
27 years$2,262$1,683$1,233$891$637$150
28 years$2,157$1,586$1,146$817$575$127
29 years$2,061$1,496$1,066$749$519$107
30 years$1,970$1,413$993$687$469$91
31 years$1,886$1,335$926$631$424$77
32 years$1,807$1,264$864$580$384$65
33 years$1,734$1,197$807$533$347$55
34 years$1,664$1,134$754$491$314$46
35 years$1,599$1,076$705$452$285$39
36 years$1,537$1,021$659$416$258$33
37 years$1,479$970$617$383$234$28
38 years$1,425$922$578$353$212$24
39 years$1,373$876$541$326$192$20
40 years$1,323$834$507$301$174$17
41 years$1,277$794$476$277$158$14
42 years$1,232$756$446$256$144$12
43 years$1,190$720$419$236$130$10
44 years$1,150$686$393$218$118$9
45 years$1,112$655$369$201$107$7
46 years$1,075$624$347$186$97$6
47 years$1,041$596$326$172$89$5
48 years$1,007$569$306$159$80$4
49 years$976$543$288$147$73$4
50 years$945$519$270$136$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $968,000, adding $5,681 every year, while hoping to spend $49,258 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: 40/46/14 Blend
44$968,000$968,000$968,000$968,000
45$1,072,596$1,021,292$1,006,288$1,110,816
46$1,129,591$1,018,925$987,588$1,136,055
47$1,190,748$1,014,791$966,612$1,158,096
48$1,256,440$1,008,752$943,229$1,180,872
49$1,327,076$1,000,661$917,307$1,204,472
50$1,403,106$990,360$888,704$1,229,001
51$1,485,021$977,687$857,274$1,254,573
52$1,573,364$962,464$822,864$1,281,321
53$1,668,729$944,507$785,312$1,309,395
54$1,771,771$923,619$744,451$1,338,964
55$1,883,207$899,591$700,105$1,370,218
56$2,003,826$872,204$652,091$1,403,373
57$2,134,498$841,223$600,218$1,438,671
58$2,276,176$806,403$544,284$1,476,386
59$2,429,910$767,480$484,082$1,516,822
60$2,596,854$724,180$419,392$1,560,325
61$2,778,278$676,210$349,986$1,607,280
62$2,975,578$623,260$275,627$1,658,120
63$3,190,292$565,004$196,064$1,713,327
64$3,424,109$501,096$111,040$1,773,444
65$3,678,890$431,172$20,282$1,839,074
66$3,956,682$354,846$0$1,910,895
67$4,259,740$271,709$0$2,001,098
68$4,590,543$181,332$0$2,103,063
69$4,951,822$83,261$0$2,214,741
70$5,346,582$0$0$2,337,225
71$5,778,133$0$0$2,483,363
72$6,250,116$0$0$2,689,409
73$6,766,545$0$0$2,914,983
74$7,331,835$0$0$3,162,030
75$7,950,850$0$0$3,432,692
76$8,628,947$0$0$3,729,328
77$9,372,024$0$0$4,054,535
78$10,186,576$0$0$4,411,175
79$11,079,759$0$0$4,802,400
80$12,059,453$0$0$5,231,680
81$13,134,336$0$0$5,702,838
82$14,313,969$0$0$6,220,087
83$15,608,883$0$0$6,788,065
84$17,030,677$0$0$7,411,884
85$18,592,128$0$0$8,097,172
86$20,307,314$0$0$8,850,131
87$22,191,741$0$0$9,677,594
88$24,262,492$0$0$10,587,089
89$26,538,386$0$0$11,586,906
90$29,040,156$0$0$12,686,183
91$31,790,644$0$0$13,894,985
92$34,815,017$0$0$15,224,401
93$38,141,000$0$0$16,686,650
94$41,799,142$0$0$18,295,193
95$45,823,098$0$0$20,064,862
96$50,249,951$0$0$22,011,999
97$55,120,560$0$0$24,154,611
98$60,479,942$0$0$26,512,537
99$66,377,700$0$0$29,107,637
100$72,868,486$0$0$31,963,998