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%17.1%
1 years$80,019$79,306$78,611$77,932$77,269$75,037
2 years$39,613$38,876$38,161$37,467$36,795$34,563
3 years$26,147$25,406$24,692$24,006$23,344$21,183
4 years$19,415$18,676$17,970$17,295$16,649$14,576
5 years$15,376$14,642$13,945$13,284$12,657$10,676
6 years$12,685$11,956$11,270$10,623$10,015$8,130
7 years$10,764$10,041$9,365$8,734$8,145$6,354
8 years$9,323$8,607$7,943$7,327$6,757$5,061
9 years$8,203$7,494$6,841$6,241$5,690$4,086
10 years$7,308$6,606$5,964$5,380$4,848$3,334
11 years$6,576$5,880$5,251$4,682$4,170$2,743
12 years$5,966$5,278$4,660$4,107$3,613$2,272
13 years$5,451$4,770$4,163$3,626$3,151$1,891
14 years$5,009$4,336$3,741$3,218$2,762$1,581
15 years$4,627$3,961$3,377$2,870$2,432$1,326
16 years$4,293$3,634$3,062$2,570$2,149$1,116
17 years$3,999$3,347$2,786$2,309$1,906$941
18 years$3,737$3,092$2,544$2,081$1,695$795
19 years$3,503$2,866$2,329$1,880$1,510$673
20 years$3,293$2,663$2,137$1,703$1,349$570
21 years$3,104$2,481$1,966$1,546$1,207$484
22 years$2,931$2,316$1,812$1,405$1,082$411
23 years$2,774$2,166$1,673$1,280$971$349
24 years$2,630$2,029$1,547$1,167$873$297
25 years$2,498$1,904$1,433$1,066$786$253
26 years$2,377$1,790$1,329$975$708$215
27 years$2,264$1,684$1,234$892$638$183
28 years$2,160$1,587$1,147$817$576$156
29 years$2,063$1,497$1,068$750$520$133
30 years$1,972$1,414$994$688$470$114
31 years$1,888$1,337$927$632$425$97
32 years$1,809$1,265$865$581$384$83
33 years$1,735$1,198$808$534$348$71
34 years$1,666$1,135$755$491$315$60
35 years$1,601$1,077$705$452$285$51
36 years$1,539$1,022$660$417$258$44
37 years$1,481$971$618$384$234$37
38 years$1,426$922$578$354$212$32
39 years$1,374$877$542$326$192$27
40 years$1,325$835$508$301$175$23
41 years$1,278$794$476$278$158$20
42 years$1,234$757$447$256$144$17
43 years$1,191$721$419$236$130$14
44 years$1,151$687$394$218$118$12
45 years$1,113$655$370$202$107$11
46 years$1,077$625$347$186$98$9
47 years$1,042$597$326$172$89$8
48 years$1,008$569$306$159$80$7
49 years$977$544$288$147$73$6
50 years$946$519$271$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $969,000, adding $2,729 every year, while hoping to spend $44,994 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: 29/44/27 Blend
44$969,000$969,000$969,000$969,000
45$1,070,653$1,019,296$1,004,276$1,092,694
46$1,131,986$1,021,368$990,046$1,112,332
47$1,198,068$1,022,034$973,832$1,129,323
48$1,269,334$1,021,177$955,518$1,146,686
49$1,346,264$1,018,673$934,987$1,164,484
50$1,429,387$1,014,392$912,113$1,182,789
51$1,519,281$1,008,194$886,765$1,201,686
52$1,616,583$999,931$858,807$1,221,272
53$1,721,994$989,446$828,096$1,241,660
54$1,836,283$976,574$794,483$1,262,976
55$1,960,296$961,139$757,811$1,285,367
56$2,094,966$942,954$717,917$1,308,999
57$2,241,315$921,822$674,630$1,334,060
58$2,400,471$897,533$627,771$1,360,765
59$2,573,673$869,866$577,156$1,389,354
60$2,762,284$838,586$522,587$1,420,102
61$2,967,806$803,446$463,863$1,453,317
62$3,191,890$764,183$400,770$1,489,346
63$3,436,354$720,519$333,087$1,528,580
64$3,703,198$672,160$260,581$1,571,459
65$3,994,625$618,796$183,011$1,618,476
66$4,313,058$560,099$100,124$1,670,183
67$4,661,168$495,722$11,656$1,727,200
68$5,041,893$425,298$0$1,790,221
69$5,458,468$348,440$0$1,883,861
70$5,914,456$264,738$0$1,990,279
71$6,413,781$173,760$0$2,107,166
72$6,960,762$75,050$0$2,235,693
73$7,560,158$0$0$2,377,157
74$8,217,209$0$0$2,548,429
75$8,937,684$0$0$2,776,234
76$9,727,942$0$0$3,026,262
77$10,594,982$0$0$3,300,749
78$11,546,516$0$0$3,602,156
79$12,591,038$0$0$3,933,197
80$13,737,905$0$0$4,296,857
81$14,997,423$0$0$4,696,428
82$16,380,948$0$0$5,135,537
83$17,900,986$0$0$5,618,177
84$19,571,317$0$0$6,148,749
85$21,407,121$0$0$6,732,101
86$23,425,123$0$0$7,373,575
87$25,643,747$0$0$8,079,055
88$28,083,293$0$0$8,855,025
89$30,766,124$0$0$9,708,630
90$33,716,882$0$0$10,647,739
91$36,962,714$0$0$11,681,026
92$40,533,533$0$0$12,818,045
93$44,462,294$0$0$14,069,326
94$48,785,312$0$0$15,446,468
95$53,542,594$0$0$16,962,253
96$58,778,227$0$0$18,630,767
97$64,540,784$0$0$20,467,527
98$70,883,788$0$0$22,489,634
99$77,866,214$0$0$24,715,930
100$85,553,044$0$0$27,167,178