Can I retire at age 45 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$79,276$78,570$77,881$77,208$76,552$74,072
2 years$39,245$38,515$37,806$37,119$36,453$33,978
3 years$25,904$25,170$24,463$23,783$23,127$20,734
4 years$19,234$18,502$17,803$17,134$16,495$14,202
5 years$15,234$14,506$13,816$13,161$12,539$10,354
6 years$12,567$11,845$11,165$10,525$9,922$7,845
7 years$10,664$9,948$9,278$8,653$8,069$6,101
8 years$9,236$8,527$7,869$7,259$6,694$4,833
9 years$8,127$7,424$6,777$6,183$5,637$3,881
10 years$7,240$6,544$5,909$5,330$4,803$3,149
11 years$6,515$5,826$5,202$4,638$4,131$2,576
12 years$5,911$5,229$4,617$4,068$3,580$2,121
13 years$5,400$4,725$4,125$3,592$3,122$1,754
14 years$4,963$4,295$3,706$3,188$2,736$1,458
15 years$4,584$3,924$3,346$2,844$2,409$1,215
16 years$4,253$3,600$3,034$2,546$2,129$1,016
17 years$3,961$3,316$2,760$2,288$1,888$851
18 years$3,702$3,064$2,520$2,062$1,679$714
19 years$3,471$2,839$2,307$1,863$1,496$600
20 years$3,263$2,639$2,117$1,687$1,337$505
21 years$3,075$2,458$1,947$1,531$1,196$426
22 years$2,904$2,294$1,795$1,392$1,072$359
23 years$2,748$2,146$1,657$1,268$962$303
24 years$2,606$2,010$1,533$1,156$865$256
25 years$2,475$1,887$1,420$1,056$778$216
26 years$2,354$1,773$1,317$966$701$183
27 years$2,243$1,669$1,223$884$632$155
28 years$2,140$1,572$1,136$810$570$131
29 years$2,044$1,483$1,058$743$515$111
30 years$1,954$1,401$985$682$465$94
31 years$1,871$1,324$918$626$421$79
32 years$1,792$1,253$857$575$381$67
33 years$1,719$1,187$800$529$344$57
34 years$1,650$1,125$748$487$312$48
35 years$1,586$1,067$699$448$282$41
36 years$1,525$1,013$654$413$256$35
37 years$1,467$962$612$380$232$29
38 years$1,413$914$573$350$210$25
39 years$1,361$869$537$323$191$21
40 years$1,312$827$503$298$173$18
41 years$1,266$787$472$275$157$15
42 years$1,222$750$443$254$142$13
43 years$1,180$714$415$234$129$11
44 years$1,141$681$390$216$117$9
45 years$1,103$649$366$200$106$8
46 years$1,067$619$344$185$97$7
47 years$1,032$591$323$170$88$6
48 years$999$564$304$158$80$5
49 years$967$539$285$146$72$4
50 years$937$515$268$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $960,000, adding $4,210 every year, while hoping to spend $20,753 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: 64/8/28 Blend
44$960,000$960,000$960,000$960,000
45$1,062,263$1,011,383$996,503$1,122,094
46$1,148,532$1,038,859$1,007,804$1,190,592
47$1,242,906$1,066,987$1,018,789$1,262,745
48$1,346,188$1,095,775$1,029,425$1,341,138
49$1,459,266$1,125,234$1,039,676$1,426,386
50$1,583,113$1,155,373$1,049,508$1,519,168
51$1,718,806$1,186,201$1,058,882$1,620,231
52$1,867,527$1,217,728$1,067,757$1,730,399
53$2,030,580$1,249,962$1,076,092$1,850,579
54$2,209,400$1,282,911$1,083,842$1,981,773
55$2,405,568$1,316,583$1,090,960$2,125,082
56$2,620,826$1,350,985$1,097,397$2,281,722
57$2,857,091$1,386,125$1,103,101$2,453,029
58$3,116,478$1,422,008$1,108,018$2,640,480
59$3,401,313$1,458,641$1,112,091$2,845,701
60$3,714,160$1,496,027$1,115,259$3,070,481
61$4,057,843$1,534,172$1,117,459$3,316,797
62$4,435,475$1,573,078$1,118,626$3,586,822
63$4,850,482$1,612,748$1,118,689$3,882,956
64$5,306,642$1,653,184$1,117,576$4,207,841
65$5,808,115$1,694,385$1,115,210$4,564,388
66$6,359,484$1,736,351$1,111,511$4,955,807
67$6,965,800$1,779,080$1,106,395$5,385,636
68$7,632,626$1,822,569$1,099,773$5,857,773
69$8,366,091$1,866,813$1,091,553$6,376,514
70$9,172,951$1,911,805$1,081,639$6,946,595
71$10,060,646$1,957,538$1,069,928$7,573,232
72$11,037,376$2,004,001$1,056,315$8,262,179
73$12,112,174$2,051,183$1,040,687$9,019,772
74$13,294,995$2,099,071$1,022,929$9,852,999
75$14,596,807$2,147,647$1,002,919$10,769,556
76$16,029,693$2,196,893$980,529$11,777,930
77$17,606,969$2,246,789$955,625$12,887,471
78$19,343,309$2,297,311$928,067$14,108,485
79$21,254,879$2,348,432$897,710$15,452,330
80$23,359,494$2,400,122$864,400$16,931,523
81$25,676,783$2,452,348$827,978$18,559,860
82$28,228,376$2,505,074$788,276$20,352,545
83$31,038,106$2,558,259$745,120$22,326,334
84$34,132,239$2,611,859$698,327$24,499,693
85$37,539,712$2,665,825$647,706$26,892,973
86$41,292,416$2,720,104$593,057$29,528,605
87$45,425,491$2,774,638$534,173$32,431,306
88$49,977,659$2,829,363$470,836$35,628,318
89$54,991,590$2,884,211$402,819$39,149,663
90$60,514,302$2,939,108$329,883$43,028,430
91$66,597,608$2,993,971$251,781$47,301,081
92$73,298,603$3,048,715$168,255$52,007,803
93$80,680,203$3,103,244$79,033$57,192,882
94$88,811,737$3,157,457$0$62,905,127
95$97,769,607$3,211,244$0$69,203,160
96$107,637,999$3,264,488$0$76,166,938
97$118,509,688$3,317,061$0$83,838,244
98$130,486,907$3,368,828$0$92,289,168
99$143,682,313$3,419,642$0$101,599,153
100$158,220,052$3,469,347$0$111,855,741