Can I retire at age 45 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$79,606$78,897$78,205$77,530$76,871$76,100
2 years$39,409$38,675$37,964$37,274$36,605$35,828
3 years$26,012$25,275$24,565$23,882$23,224$22,466
4 years$19,314$18,579$17,877$17,206$16,563$15,830
5 years$15,297$14,567$13,873$13,215$12,591$11,884
6 years$12,620$11,895$11,212$10,569$9,963$9,283
7 years$10,708$9,989$9,317$8,689$8,103$7,450
8 years$9,275$8,563$7,902$7,289$6,722$6,097
9 years$8,161$7,455$6,806$6,209$5,661$5,064
10 years$7,270$6,571$5,933$5,352$4,823$4,253
11 years$6,542$5,850$5,224$4,658$4,148$3,605
12 years$5,935$5,251$4,636$4,085$3,595$3,077
13 years$5,423$4,745$4,142$3,607$3,135$2,643
14 years$4,984$4,313$3,721$3,202$2,748$2,281
15 years$4,603$3,940$3,360$2,855$2,419$1,977
16 years$4,271$3,615$3,046$2,557$2,138$1,719
17 years$3,978$3,329$2,772$2,297$1,896$1,499
18 years$3,718$3,076$2,530$2,070$1,686$1,311
19 years$3,485$2,851$2,317$1,871$1,503$1,148
20 years$3,276$2,650$2,126$1,694$1,342$1,008
21 years$3,088$2,468$1,955$1,538$1,201$887
22 years$2,916$2,304$1,802$1,398$1,077$781
23 years$2,760$2,155$1,664$1,273$966$688
24 years$2,617$2,019$1,539$1,161$869$607
25 years$2,485$1,894$1,425$1,061$782$537
26 years$2,364$1,781$1,322$970$704$474
27 years$2,252$1,676$1,228$888$635$420
28 years$2,149$1,579$1,141$813$573$372
29 years$2,052$1,490$1,062$746$517$329
30 years$1,962$1,407$989$684$467$292
31 years$1,878$1,330$922$629$422$259
32 years$1,800$1,258$860$578$382$229
33 years$1,726$1,192$803$531$346$204
34 years$1,657$1,129$751$489$313$181
35 years$1,592$1,071$702$450$284$160
36 years$1,531$1,017$657$414$257$142
37 years$1,473$966$614$382$233$127
38 years$1,419$918$575$352$211$112
39 years$1,367$873$539$324$191$100
40 years$1,318$830$505$299$174$89
41 years$1,271$790$474$276$158$79
42 years$1,227$753$444$255$143$70
43 years$1,185$717$417$235$130$62
44 years$1,145$684$392$217$118$55
45 years$1,107$652$368$201$107$49
46 years$1,071$622$345$185$97$44
47 years$1,036$593$324$171$88$39
48 years$1,003$567$305$158$80$35
49 years$972$541$287$146$73$31
50 years$941$517$269$135$66$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $964,000, adding $4,184 every year, while hoping to spend $25,477 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: 41/35/24 Blend
44$964,000$964,000$964,000$964,000
45$1,066,644$1,015,552$1,000,610$1,102,693
46$1,148,334$1,038,207$1,007,023$1,151,616
47$1,237,503$1,061,117$1,012,797$1,201,806
48$1,334,886$1,084,270$1,017,884$1,255,627
49$1,441,294$1,107,649$1,022,232$1,313,427
50$1,557,619$1,131,236$1,025,789$1,375,590
51$1,684,841$1,155,012$1,028,499$1,442,538
52$1,824,044$1,178,956$1,030,302$1,514,737
53$1,976,416$1,203,045$1,031,137$1,592,703
54$2,143,270$1,227,254$1,030,940$1,677,001
55$2,326,048$1,251,554$1,029,641$1,768,257
56$2,526,341$1,275,916$1,027,170$1,867,160
57$2,745,899$1,300,308$1,023,452$1,974,472
58$2,986,652$1,324,693$1,018,408$2,091,032
59$3,250,722$1,349,035$1,011,956$2,217,764
60$3,540,449$1,373,291$1,004,011$2,355,689
61$3,858,411$1,397,418$994,481$2,505,933
62$4,207,445$1,421,368$983,272$2,669,737
63$4,590,678$1,445,088$970,285$2,848,471
64$5,011,554$1,468,524$955,416$3,043,645
65$5,473,867$1,491,617$938,557$3,256,924
66$5,981,796$1,514,301$919,594$3,490,145
67$6,539,947$1,536,509$898,408$3,745,333
68$7,153,391$1,558,168$874,874$4,024,724
69$7,827,718$1,579,199$848,863$4,330,781
70$8,569,083$1,599,517$820,238$4,666,221
71$9,384,269$1,619,034$788,856$5,034,041
72$10,280,751$1,637,653$754,569$5,437,545
73$11,266,762$1,655,272$717,221$5,880,377
74$12,351,372$1,671,781$676,649$6,366,556
75$13,544,578$1,687,065$632,683$6,900,513
76$14,857,393$1,700,998$585,145$7,487,134
77$16,301,949$1,713,449$533,850$8,131,806
78$17,891,617$1,724,277$478,602$8,840,472
79$19,641,127$1,733,332$419,201$9,619,680
80$21,566,711$1,740,454$355,433$10,476,655
81$23,686,253$1,745,475$287,078$11,419,359
82$26,019,461$1,748,213$213,905$12,456,574
83$28,588,048$1,748,477$135,673$13,597,980
84$31,415,940$1,746,064$52,130$14,854,251
85$34,529,503$1,740,758$0$16,237,154
86$37,957,788$1,732,330$0$17,769,146
87$41,732,805$1,720,537$0$19,469,909
88$45,889,828$1,705,120$0$21,341,924
89$50,467,726$1,685,807$0$23,402,651
90$55,509,330$1,662,308$0$25,671,334
91$61,061,835$1,634,314$0$28,169,184
92$67,177,248$1,601,501$0$30,919,578
93$73,912,877$1,563,525$0$33,948,283
94$81,331,872$1,520,019$0$37,283,696
95$89,503,821$1,470,597$0$40,957,116
96$98,505,405$1,414,852$0$45,003,038
97$108,421,126$1,352,348$0$49,459,482
98$119,344,097$1,282,630$0$54,368,350
99$131,376,927$1,205,211$0$59,775,824
100$144,632,688$1,119,581$0$65,732,803