Can I retire at age 45 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$79,771$79,061$78,368$77,691$77,030$74,865
2 years$39,491$38,755$38,043$37,351$36,681$34,516
3 years$26,066$25,327$24,616$23,931$23,272$21,175
4 years$19,354$18,618$17,914$17,241$16,598$14,585
5 years$15,329$14,597$13,902$13,243$12,617$10,694
6 years$12,646$11,919$11,235$10,590$9,984$8,152
7 years$10,730$10,010$9,336$8,707$8,119$6,379
8 years$9,294$8,580$7,918$7,304$6,736$5,086
9 years$8,178$7,471$6,820$6,221$5,673$4,112
10 years$7,285$6,585$5,946$5,363$4,833$3,360
11 years$6,555$5,862$5,234$4,667$4,157$2,768
12 years$5,948$5,262$4,645$4,094$3,602$2,295
13 years$5,434$4,755$4,150$3,614$3,141$1,913
14 years$4,994$4,322$3,729$3,208$2,754$1,601
15 years$4,613$3,948$3,367$2,861$2,424$1,345
16 years$4,280$3,623$3,053$2,562$2,143$1,133
17 years$3,986$3,336$2,778$2,302$1,900$957
18 years$3,725$3,083$2,536$2,075$1,689$810
19 years$3,493$2,857$2,321$1,874$1,506$686
20 years$3,283$2,655$2,130$1,698$1,345$583
21 years$3,094$2,473$1,960$1,541$1,204$495
22 years$2,922$2,308$1,806$1,401$1,079$421
23 years$2,766$2,159$1,668$1,276$968$359
24 years$2,622$2,023$1,542$1,164$870$305
25 years$2,490$1,898$1,428$1,063$783$260
26 years$2,369$1,784$1,325$972$706$222
27 years$2,257$1,679$1,230$889$636$190
28 years$2,153$1,582$1,144$815$574$162
29 years$2,056$1,493$1,064$747$518$138
30 years$1,966$1,410$991$686$468$118
31 years$1,882$1,333$924$630$423$101
32 years$1,804$1,261$862$579$383$86
33 years$1,730$1,194$805$532$347$74
34 years$1,661$1,132$752$490$314$63
35 years$1,596$1,073$703$451$284$54
36 years$1,534$1,019$658$415$258$46
37 years$1,476$968$616$383$233$39
38 years$1,422$920$577$353$212$34
39 years$1,370$874$540$325$192$29
40 years$1,321$832$506$300$174$25
41 years$1,274$792$475$277$158$21
42 years$1,230$754$445$255$143$18
43 years$1,188$719$418$236$130$15
44 years$1,148$685$392$218$118$13
45 years$1,110$653$368$201$107$11
46 years$1,073$623$346$186$97$10
47 years$1,038$595$325$172$88$8
48 years$1,005$568$305$159$80$7
49 years$974$542$287$146$73$6
50 years$943$518$270$135$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $966,000, adding $5,113 every year, while hoping to spend $58,653 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: 23/48/29 Blend
44$966,000$966,000$966,000$966,000
45$1,069,806$1,018,608$1,003,635$1,084,548
46$1,116,520$1,006,114$974,850$1,085,307
47$1,166,033$991,041$943,136$1,080,873
48$1,218,568$973,202$908,331$1,074,890
49$1,274,371$952,398$870,269$1,067,269
50$1,333,708$928,416$828,774$1,057,919
51$1,396,872$901,034$783,663$1,046,747
52$1,464,183$870,015$734,746$1,033,658
53$1,535,991$835,108$681,822$1,018,554
54$1,612,682$796,048$624,683$1,001,338
55$1,694,676$752,555$563,110$981,909
56$1,782,435$704,331$496,876$960,167
57$1,876,464$651,065$425,743$936,011
58$1,977,320$592,423$349,461$909,340
59$2,085,610$528,056$267,772$880,056
60$2,202,004$457,592$180,404$848,059
61$2,327,236$380,642$87,075$813,254
62$2,462,111$296,790$0$775,548
63$2,607,515$205,601$0$738,730
64$2,764,419$106,613$0$727,847
65$2,933,892$0$0$715,952
66$3,117,107$0$0$703,432
67$3,315,356$0$0$750,952
68$3,530,055$0$0$802,554
69$3,762,764$0$0$858,633
70$4,015,197$0$0$919,620
71$4,289,241$0$0$985,990
72$4,586,969$0$0$1,058,266
73$4,910,662$0$0$1,137,022
74$5,262,831$0$0$1,222,892
75$5,646,235$0$0$1,316,573
76$6,063,915$0$0$1,418,830
77$6,519,214$0$0$1,530,509
78$7,015,812$0$0$1,652,539
79$7,557,759$0$0$1,785,941
80$8,149,515$0$0$1,931,844
81$8,795,987$0$0$2,091,486
82$9,502,578$0$0$2,266,234
83$10,275,238$0$0$2,457,590
84$11,120,516$0$0$2,667,211
85$12,045,625$0$0$2,896,920
86$13,058,505$0$0$3,148,725
87$14,167,902$0$0$3,424,839
88$15,383,447$0$0$3,727,697
89$16,715,745$0$0$4,059,982
90$18,176,479$0$0$4,424,651
91$19,778,512$0$0$4,824,958
92$21,536,016$0$0$5,264,490
93$23,464,599$0$0$5,747,196
94$25,581,452$0$0$6,277,430
95$27,905,513$0$0$6,859,983
96$30,457,643$0$0$7,500,138
97$33,260,822$0$0$8,203,713
98$36,340,365$0$0$8,977,116
99$39,724,160$0$0$9,827,411
100$43,442,930$0$0$10,762,377