Can I retire at age 45 with 969,000?

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 $969,000?

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$80,019$79,306$78,611$77,932$77,269$74,439
2 years$39,613$38,876$38,161$37,467$36,795$33,975
3 years$26,147$25,406$24,692$24,006$23,344$20,623
4 years$19,415$18,676$17,970$17,295$16,649$14,048
5 years$15,376$14,642$13,945$13,284$12,657$10,182
6 years$12,685$11,956$11,270$10,623$10,015$7,668
7 years$10,764$10,041$9,365$8,734$8,145$5,926
8 years$9,323$8,607$7,943$7,327$6,757$4,664
9 years$8,203$7,494$6,841$6,241$5,690$3,720
10 years$7,308$6,606$5,964$5,380$4,848$2,998
11 years$6,576$5,880$5,251$4,682$4,170$2,435
12 years$5,966$5,278$4,660$4,107$3,613$1,990
13 years$5,451$4,770$4,163$3,626$3,151$1,634
14 years$5,009$4,336$3,741$3,218$2,762$1,347
15 years$4,627$3,961$3,377$2,870$2,432$1,114
16 years$4,293$3,634$3,062$2,570$2,149$924
17 years$3,999$3,347$2,786$2,309$1,906$768
18 years$3,737$3,092$2,544$2,081$1,695$639
19 years$3,503$2,866$2,329$1,880$1,510$533
20 years$3,293$2,663$2,137$1,703$1,349$445
21 years$3,104$2,481$1,966$1,546$1,207$371
22 years$2,931$2,316$1,812$1,405$1,082$311
23 years$2,774$2,166$1,673$1,280$971$260
24 years$2,630$2,029$1,547$1,167$873$218
25 years$2,498$1,904$1,433$1,066$786$182
26 years$2,377$1,790$1,329$975$708$153
27 years$2,264$1,684$1,234$892$638$128
28 years$2,160$1,587$1,147$817$576$107
29 years$2,063$1,497$1,068$750$520$90
30 years$1,972$1,414$994$688$470$75
31 years$1,888$1,337$927$632$425$63
32 years$1,809$1,265$865$581$384$53
33 years$1,735$1,198$808$534$348$45
34 years$1,666$1,135$755$491$315$37
35 years$1,601$1,077$705$452$285$31
36 years$1,539$1,022$660$417$258$26
37 years$1,481$971$618$384$234$22
38 years$1,426$922$578$354$212$19
39 years$1,374$877$542$326$192$16
40 years$1,325$835$508$301$175$13
41 years$1,278$794$476$278$158$11
42 years$1,234$757$447$256$144$9
43 years$1,191$721$419$236$130$8
44 years$1,151$687$394$218$118$7
45 years$1,113$655$370$202$107$5
46 years$1,077$625$347$186$98$5
47 years$1,042$597$326$172$89$4
48 years$1,008$569$306$159$80$3
49 years$977$544$288$147$73$3
50 years$946$519$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $969,000, adding $2,515 every year, while hoping to spend $36,728 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: 49/43/8 Blend
44$969,000$969,000$969,000$969,000
45$1,070,432$1,019,075$1,004,056$1,120,510
46$1,140,538$1,029,932$998,613$1,165,886
47$1,216,564$1,040,089$991,758$1,211,043
48$1,299,074$1,049,474$983,402$1,259,234
49$1,388,691$1,058,010$973,458$1,310,749
50$1,486,098$1,065,613$961,829$1,365,915
51$1,592,046$1,072,194$948,417$1,425,087
52$1,707,364$1,077,661$933,118$1,488,664
53$1,832,962$1,081,913$915,824$1,557,081
54$1,969,841$1,084,844$896,421$1,630,824
55$2,119,104$1,086,341$874,791$1,710,426
56$2,281,965$1,086,283$850,808$1,796,479
57$2,459,759$1,084,545$824,344$1,889,636
58$2,653,957$1,080,990$795,262$1,990,618
59$2,866,177$1,075,474$763,419$2,100,224
60$3,098,200$1,067,847$728,668$2,219,334
61$3,351,991$1,057,945$690,852$2,348,923
62$3,629,707$1,045,598$649,809$2,490,066
63$3,933,729$1,030,624$605,369$2,643,952
64$4,266,675$1,012,830$557,355$2,811,894
65$4,631,431$992,014$505,581$2,995,343
66$5,031,173$967,958$449,854$3,195,901
67$5,469,400$940,435$389,971$3,415,337
68$5,949,964$909,202$325,721$3,655,606
69$6,477,111$874,004$256,883$3,918,866
70$7,055,515$834,568$183,227$4,207,500
71$7,690,324$790,609$104,512$4,524,139
72$8,387,212$741,823$20,487$4,871,688
73$9,152,424$687,890$0$5,253,355
74$9,992,845$628,470$0$5,678,587
75$10,916,055$563,204$0$6,147,636
76$11,930,406$491,715$0$6,663,092
77$13,045,101$413,602$0$7,229,742
78$14,270,274$328,442$0$7,852,869
79$15,617,094$235,788$0$8,538,302
80$17,097,864$135,168$0$9,292,471
81$18,726,140$26,084$0$10,122,471
82$20,516,855$0$0$11,036,129
83$22,486,463$0$0$12,085,606
84$24,653,093$0$0$13,253,759
85$27,036,719$0$0$14,539,030
86$29,659,349$0$0$15,953,299
87$32,545,231$0$0$17,509,660
88$35,721,082$0$0$19,222,537
89$39,216,342$0$0$21,107,824
90$43,063,448$0$0$23,183,035
91$47,298,140$0$0$25,467,468
92$51,959,800$0$0$27,982,385
93$57,091,824$0$0$30,751,216
94$62,742,025$0$0$33,799,780
95$68,963,092$0$0$37,156,522
96$75,813,082$0$0$40,852,791
97$83,355,967$0$0$44,923,129
98$91,662,240$0$0$49,405,596
99$100,809,577$0$0$54,342,134
100$110,883,573$0$0$59,778,960