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%19.1%
1 years$79,937$79,225$78,530$77,852$77,190$74,362
2 years$39,573$38,836$38,121$37,429$36,757$33,940
3 years$26,120$25,379$24,667$23,981$23,320$20,602
4 years$19,395$18,657$17,951$17,277$16,632$14,034
5 years$15,360$14,627$13,931$13,270$12,643$10,171
6 years$12,672$11,944$11,258$10,612$10,004$7,660
7 years$10,752$10,031$9,356$8,725$8,136$5,920
8 years$9,313$8,598$7,934$7,319$6,750$4,659
9 years$8,195$7,486$6,834$6,234$5,684$3,716
10 years$7,300$6,599$5,958$5,374$4,843$2,995
11 years$6,569$5,874$5,245$4,677$4,165$2,432
12 years$5,960$5,273$4,655$4,102$3,610$1,988
13 years$5,445$4,765$4,159$3,622$3,148$1,632
14 years$5,004$4,331$3,737$3,215$2,759$1,346
15 years$4,622$3,957$3,374$2,867$2,429$1,113
16 years$4,289$3,630$3,059$2,567$2,147$923
17 years$3,994$3,343$2,783$2,307$1,904$767
18 years$3,733$3,089$2,541$2,079$1,693$638
19 years$3,500$2,863$2,326$1,878$1,509$532
20 years$3,290$2,660$2,135$1,701$1,348$444
21 years$3,100$2,478$1,964$1,544$1,206$371
22 years$2,928$2,313$1,810$1,404$1,081$310
23 years$2,771$2,164$1,671$1,278$970$260
24 years$2,628$2,027$1,545$1,166$872$217
25 years$2,496$1,902$1,431$1,065$785$182
26 years$2,374$1,788$1,327$974$707$153
27 years$2,262$1,683$1,233$891$637$128
28 years$2,157$1,586$1,146$817$575$107
29 years$2,061$1,496$1,066$749$519$90
30 years$1,970$1,413$993$687$469$75
31 years$1,886$1,335$926$631$424$63
32 years$1,807$1,264$864$580$384$53
33 years$1,734$1,197$807$533$347$45
34 years$1,664$1,134$754$491$314$37
35 years$1,599$1,076$705$452$285$31
36 years$1,537$1,021$659$416$258$26
37 years$1,479$970$617$383$234$22
38 years$1,425$922$578$353$212$19
39 years$1,373$876$541$326$192$16
40 years$1,323$834$507$301$174$13
41 years$1,277$794$476$277$158$11
42 years$1,232$756$446$256$144$9
43 years$1,190$720$419$236$130$8
44 years$1,150$686$393$218$118$6
45 years$1,112$655$369$201$107$5
46 years$1,075$624$347$186$97$5
47 years$1,041$596$326$172$89$4
48 years$1,007$569$306$159$80$3
49 years$976$543$288$147$73$3
50 years$945$519$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 $968,000, adding $6,336 every year, while hoping to spend $25,345 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: 68/10/22 Blend
44$968,000$968,000$968,000$968,000
45$1,073,272$1,021,968$1,006,964$1,139,891
46$1,155,778$1,045,077$1,013,730$1,208,416
47$1,245,851$1,068,470$1,019,874$1,279,833
48$1,344,236$1,092,132$1,025,347$1,357,356
49$1,451,751$1,116,050$1,030,100$1,441,588
50$1,569,301$1,140,208$1,034,079$1,533,190
51$1,697,880$1,164,588$1,037,231$1,632,894
52$1,838,581$1,189,170$1,039,496$1,741,505
53$1,992,611$1,213,934$1,040,813$1,859,910
54$2,161,297$1,238,856$1,041,120$1,989,086
55$2,346,099$1,263,911$1,040,348$2,130,111
56$2,548,629$1,289,070$1,038,427$2,284,173
57$2,770,658$1,314,303$1,035,283$2,452,580
58$3,014,140$1,339,578$1,030,840$2,636,773
59$3,281,224$1,364,860$1,025,015$2,838,344
60$3,574,280$1,390,108$1,017,723$3,059,042
61$3,895,915$1,415,283$1,008,876$3,300,800
62$4,249,005$1,440,339$998,380$3,565,744
63$4,636,715$1,465,227$986,137$3,856,219
64$5,062,532$1,489,895$972,045$4,174,810
65$5,530,298$1,514,287$955,996$4,524,366
66$6,044,245$1,538,344$937,879$4,908,027
67$6,609,035$1,562,000$917,574$5,329,251
68$7,229,804$1,585,185$894,961$5,791,855
69$7,912,212$1,607,826$869,909$6,300,039
70$8,662,491$1,629,843$842,284$6,858,439
71$9,487,510$1,651,151$811,946$7,472,158
72$10,394,837$1,671,658$778,747$8,146,826
73$11,392,808$1,691,268$742,534$8,888,644
74$12,490,611$1,709,876$703,144$9,704,450
75$13,698,364$1,727,371$660,411$10,601,776
76$15,027,221$1,743,636$614,158$11,588,928
77$16,489,467$1,758,543$564,202$12,675,058
78$18,098,640$1,771,960$510,351$13,870,253
79$19,869,658$1,783,742$452,403$15,185,630
80$21,818,955$1,793,737$390,151$16,633,443
81$23,964,642$1,801,784$323,375$18,227,195
82$26,326,675$1,807,710$251,847$19,981,771
83$28,927,040$1,811,333$175,328$21,913,575
84$31,789,966$1,812,456$93,570$24,040,684
85$34,942,151$1,810,874$6,312$26,383,025
86$38,413,010$1,806,368$0$28,962,556
87$42,234,961$1,798,703$0$31,823,857
88$46,443,721$1,787,633$0$34,976,131
89$51,078,649$1,772,896$0$38,447,360
90$56,183,117$1,754,214$0$42,270,014
91$61,804,915$1,731,291$0$46,479,875
92$67,996,707$1,703,815$0$51,116,375
93$74,816,524$1,671,455$0$56,222,963
94$82,328,314$1,633,860$0$61,847,522
95$90,602,541$1,590,659$0$68,042,817
96$99,716,858$1,541,458$0$74,866,994
97$109,756,829$1,485,841$0$82,384,129
98$120,816,747$1,423,368$0$90,664,833
99$133,000,514$1,353,573$0$99,786,919
100$146,422,631$1,275,962$0$109,836,134