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%14%
1 years$80,019$79,306$78,611$77,932$77,269$75,989
2 years$39,613$38,876$38,161$37,467$36,795$35,509
3 years$26,147$25,406$24,692$24,006$23,344$22,092
4 years$19,415$18,676$17,970$17,295$16,649$15,441
5 years$15,376$14,642$13,945$13,284$12,657$11,496
6 years$12,685$11,956$11,270$10,623$10,015$8,903
7 years$10,764$10,041$9,365$8,734$8,145$7,082
8 years$9,323$8,607$7,943$7,327$6,757$5,743
9 years$8,203$7,494$6,841$6,241$5,690$4,724
10 years$7,308$6,606$5,964$5,380$4,848$3,930
11 years$6,576$5,880$5,251$4,682$4,170$3,298
12 years$5,966$5,278$4,660$4,107$3,613$2,786
13 years$5,451$4,770$4,163$3,626$3,151$2,368
14 years$5,009$4,336$3,741$3,218$2,762$2,022
15 years$4,627$3,961$3,377$2,870$2,432$1,733
16 years$4,293$3,634$3,062$2,570$2,149$1,491
17 years$3,999$3,347$2,786$2,309$1,906$1,285
18 years$3,737$3,092$2,544$2,081$1,695$1,111
19 years$3,503$2,866$2,329$1,880$1,510$962
20 years$3,293$2,663$2,137$1,703$1,349$835
21 years$3,104$2,481$1,966$1,546$1,207$725
22 years$2,931$2,316$1,812$1,405$1,082$631
23 years$2,774$2,166$1,673$1,280$971$549
24 years$2,630$2,029$1,547$1,167$873$479
25 years$2,498$1,904$1,433$1,066$786$418
26 years$2,377$1,790$1,329$975$708$365
27 years$2,264$1,684$1,234$892$638$319
28 years$2,160$1,587$1,147$817$576$278
29 years$2,063$1,497$1,068$750$520$243
30 years$1,972$1,414$994$688$470$213
31 years$1,888$1,337$927$632$425$186
32 years$1,809$1,265$865$581$384$163
33 years$1,735$1,198$808$534$348$143
34 years$1,666$1,135$755$491$315$125
35 years$1,601$1,077$705$452$285$110
36 years$1,539$1,022$660$417$258$96
37 years$1,481$971$618$384$234$84
38 years$1,426$922$578$354$212$74
39 years$1,374$877$542$326$192$65
40 years$1,325$835$508$301$175$57
41 years$1,278$794$476$278$158$50
42 years$1,234$757$447$256$144$44
43 years$1,191$721$419$236$130$38
44 years$1,151$687$394$218$118$33
45 years$1,113$655$370$202$107$29
46 years$1,077$625$347$186$98$26
47 years$1,042$597$326$172$89$23
48 years$1,008$569$306$159$80$20
49 years$977$544$288$147$73$17
50 years$946$519$271$136$66$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $969,000, adding $4,159 every year, while hoping to spend $37,197 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: 68/22/10 Blend
44$969,000$969,000$969,000$969,000
45$1,072,128$1,020,771$1,005,752$1,142,570
46$1,141,908$1,031,211$999,867$1,200,324
47$1,217,558$1,040,917$992,538$1,258,600
48$1,299,639$1,049,812$983,678$1,321,352
49$1,388,766$1,057,816$973,195$1,389,015
50$1,485,616$1,064,844$960,993$1,462,065
51$1,590,932$1,070,806$946,970$1,541,030
52$1,705,536$1,075,603$931,022$1,626,489
53$1,830,327$1,079,135$913,037$1,719,084
54$1,966,298$1,081,290$892,902$1,819,521
55$2,114,540$1,081,953$870,494$1,928,578
56$2,276,255$1,081,000$845,687$2,047,115
57$2,452,764$1,078,301$818,349$2,176,078
58$2,645,524$1,073,716$788,342$2,316,511
59$2,856,137$1,067,097$755,521$2,469,568
60$3,086,367$1,058,288$719,734$2,636,517
61$3,338,155$1,047,124$680,824$2,818,760
62$3,613,641$1,033,427$638,626$3,017,842
63$3,915,179$1,017,011$592,966$3,235,465
64$4,245,361$997,678$543,664$3,473,510
65$4,607,043$975,220$490,533$3,734,048
66$5,003,369$949,413$433,373$4,019,364
67$5,437,803$920,025$371,981$4,331,977
68$5,914,157$886,804$306,141$4,674,667
69$6,436,633$849,490$235,629$5,050,496
70$7,009,858$807,803$160,210$5,462,845
71$7,638,927$761,449$79,641$5,915,439
72$8,329,454$710,116$0$6,412,386
73$9,087,623$653,476$0$6,958,894
74$9,920,244$591,181$0$7,568,394
75$10,834,822$522,862$0$8,237,916
76$11,839,623$448,131$0$8,973,566
77$12,943,752$366,577$0$9,782,073
78$14,157,241$277,766$0$10,670,853
79$15,491,144$181,240$0$11,648,083
80$16,957,634$76,515$0$12,722,775
81$18,570,129$0$0$13,904,864
82$20,343,406$0$0$15,214,239
83$22,293,751$0$0$16,674,794
84$24,439,102$0$0$18,281,451
85$26,799,229$0$0$20,049,020
86$29,395,909$0$0$21,993,821
87$32,253,141$0$0$24,133,836
88$35,397,364$0$0$26,488,876
89$38,857,711$0$0$29,080,772
90$42,666,283$0$0$31,933,578
91$46,858,449$0$0$35,073,797
92$51,473,183$0$0$38,530,632
93$56,553,427$0$0$42,336,263
94$62,146,501$0$0$46,526,146
95$68,304,544$0$0$51,139,353
96$75,085,009$0$0$56,218,934
97$82,551,204$0$0$61,812,328
98$90,772,888$0$0$67,971,809
99$99,826,929$0$0$74,754,978
100$109,798,031$0$0$82,225,307