Can I retire at age 45 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$79,358$78,652$77,962$77,289$76,631$74,962
2 years$39,286$38,555$37,846$37,158$36,491$34,817
3 years$25,931$25,196$24,489$23,808$23,152$21,526
4 years$19,254$18,522$17,821$17,152$16,512$14,947
5 years$15,249$14,521$13,830$13,174$12,552$11,052
6 years$12,580$11,858$11,177$10,536$9,932$8,499
7 years$10,675$9,958$9,288$8,662$8,077$6,711
8 years$9,246$8,536$7,877$7,266$6,701$5,401
9 years$8,135$7,432$6,784$6,189$5,643$4,409
10 years$7,248$6,551$5,915$5,335$4,808$3,638
11 years$6,522$5,832$5,207$4,643$4,135$3,028
12 years$5,917$5,234$4,621$4,073$3,584$2,537
13 years$5,406$4,730$4,129$3,596$3,125$2,138
14 years$4,968$4,300$3,710$3,192$2,739$1,809
15 years$4,589$3,928$3,349$2,847$2,412$1,537
16 years$4,258$3,604$3,037$2,549$2,132$1,310
17 years$3,966$3,319$2,763$2,290$1,890$1,119
18 years$3,706$3,067$2,523$2,064$1,681$958
19 years$3,474$2,842$2,309$1,865$1,498$822
20 years$3,266$2,641$2,119$1,689$1,338$706
21 years$3,078$2,460$1,949$1,533$1,197$607
22 years$2,907$2,297$1,797$1,394$1,073$523
23 years$2,751$2,148$1,659$1,269$963$451
24 years$2,609$2,012$1,534$1,158$866$389
25 years$2,478$1,889$1,421$1,057$779$336
26 years$2,357$1,775$1,318$967$702$290
27 years$2,245$1,670$1,224$885$633$251
28 years$2,142$1,574$1,138$811$571$217
29 years$2,046$1,485$1,059$743$516$188
30 years$1,956$1,402$986$682$466$162
31 years$1,873$1,326$919$627$421$141
32 years$1,794$1,254$858$576$381$122
33 years$1,721$1,188$801$530$345$105
34 years$1,652$1,126$748$487$312$91
35 years$1,587$1,068$700$449$283$79
36 years$1,526$1,014$654$413$256$69
37 years$1,469$963$613$381$232$59
38 years$1,414$915$574$351$211$52
39 years$1,363$870$537$323$191$45
40 years$1,314$828$504$298$173$39
41 years$1,268$788$472$275$157$34
42 years$1,223$750$443$254$143$29
43 years$1,182$715$416$235$129$25
44 years$1,142$681$390$217$117$22
45 years$1,104$650$366$200$107$19
46 years$1,068$620$344$185$97$16
47 years$1,033$592$323$171$88$14
48 years$1,000$565$304$158$80$12
49 years$968$539$286$146$72$11
50 years$938$515$269$135$66$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $961,000, adding $6,141 every year, while hoping to spend $52,785 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: 38/49/13 Blend
44$961,000$961,000$961,000$961,000
45$1,065,356$1,014,423$999,528$1,101,419
46$1,117,860$1,007,967$976,849$1,121,235
47$1,173,950$999,426$951,642$1,137,065
48$1,233,936$988,641$923,765$1,153,018
49$1,298,158$975,445$893,072$1,169,131
50$1,366,989$959,661$859,409$1,185,450
51$1,440,839$941,101$822,616$1,202,026
52$1,520,155$919,565$782,524$1,218,923
53$1,605,430$894,844$738,958$1,236,215
54$1,697,206$866,713$691,735$1,253,990
55$1,796,075$834,936$640,662$1,272,349
56$1,902,690$799,263$585,539$1,291,410
57$2,017,767$759,430$526,158$1,311,309
58$2,142,094$715,156$462,299$1,332,203
59$2,276,535$666,147$393,734$1,354,270
60$2,422,042$612,088$320,224$1,377,717
61$2,579,660$552,650$241,521$1,402,778
62$2,750,537$487,482$157,364$1,429,720
63$2,935,938$416,214$67,482$1,458,845
64$3,137,252$338,458$0$1,490,498
65$3,356,009$253,799$0$1,529,011
66$3,593,890$161,804$0$1,581,125
67$3,852,745$62,010$0$1,638,007
68$4,134,611$0$0$1,700,261
69$4,441,726$0$0$1,793,398
70$4,776,557$0$0$1,931,514
71$5,141,816$0$0$2,082,305
72$5,540,490$0$0$2,247,021
73$5,975,867$0$0$2,427,036
74$6,451,565$0$0$2,623,864
75$6,971,568$0$0$2,839,170
76$7,540,263$0$0$3,074,789
77$8,162,479$0$0$3,332,741
78$8,843,534$0$0$3,615,250
79$9,589,283$0$0$3,924,766
80$10,406,176$0$0$4,263,986
81$11,301,314$0$0$4,635,882
82$12,282,517$0$0$5,043,727
83$13,358,400$0$0$5,491,123
84$14,538,450$0$0$5,982,041
85$15,833,116$0$0$6,520,854
86$17,253,907$0$0$7,112,378
87$18,813,503$0$0$7,761,918
88$20,525,868$0$0$8,475,321
89$22,406,385$0$0$9,259,024
90$24,472,002$0$0$10,120,119
91$26,741,388$0$0$11,066,422
92$29,235,107$0$0$12,106,540
93$31,975,819$0$0$13,249,958
94$34,988,482$0$0$14,507,124
95$38,300,598$0$0$15,889,549
96$41,942,464$0$0$17,409,916
97$45,947,459$0$0$19,082,200
98$50,352,359$0$0$20,921,795
99$55,197,684$0$0$22,945,665
100$60,528,079$0$0$25,172,500