Can I retire at age 45 with 967,000?

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 $967,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$79,854$79,143$78,449$77,771$77,110$74,197
2 years$39,532$38,795$38,082$37,390$36,719$33,818
3 years$26,093$25,353$24,642$23,956$23,296$20,498
4 years$19,374$18,637$17,933$17,259$16,615$13,942
5 years$15,345$14,612$13,917$13,257$12,630$10,089
6 years$12,659$11,932$11,247$10,601$9,994$7,586
7 years$10,741$10,020$9,346$8,716$8,128$5,852
8 years$9,304$8,589$7,926$7,312$6,743$4,598
9 years$8,186$7,478$6,827$6,228$5,678$3,661
10 years$7,293$6,592$5,952$5,369$4,838$2,944
11 years$6,562$5,868$5,240$4,672$4,161$2,387
12 years$5,954$5,267$4,650$4,098$3,606$1,946
13 years$5,440$4,760$4,155$3,618$3,144$1,595
14 years$4,999$4,327$3,733$3,212$2,756$1,312
15 years$4,618$3,952$3,370$2,864$2,427$1,083
16 years$4,284$3,626$3,056$2,565$2,145$896
17 years$3,990$3,340$2,781$2,304$1,902$743
18 years$3,729$3,086$2,538$2,077$1,691$617
19 years$3,496$2,860$2,324$1,876$1,507$513
20 years$3,287$2,658$2,133$1,699$1,346$427
21 years$3,097$2,476$1,962$1,542$1,205$356
22 years$2,925$2,311$1,808$1,402$1,080$297
23 years$2,768$2,161$1,669$1,277$969$248
24 years$2,625$2,025$1,544$1,165$871$207
25 years$2,493$1,900$1,430$1,064$784$173
26 years$2,372$1,786$1,326$973$706$145
27 years$2,259$1,681$1,231$890$637$121
28 years$2,155$1,584$1,145$816$575$101
29 years$2,059$1,494$1,065$748$519$85
30 years$1,968$1,411$992$687$469$71
31 years$1,884$1,334$925$631$424$59
32 years$1,806$1,262$863$579$383$50
33 years$1,732$1,195$806$533$347$42
34 years$1,662$1,133$753$490$314$35
35 years$1,597$1,075$704$451$285$29
36 years$1,536$1,020$659$416$258$24
37 years$1,478$969$616$383$234$20
38 years$1,423$921$577$353$212$17
39 years$1,371$875$541$325$192$14
40 years$1,322$833$507$300$174$12
41 years$1,275$793$475$277$158$10
42 years$1,231$755$446$256$143$8
43 years$1,189$719$418$236$130$7
44 years$1,149$686$393$218$118$6
45 years$1,111$654$369$201$107$5
46 years$1,074$624$346$186$97$4
47 years$1,040$595$325$172$88$3
48 years$1,006$568$306$159$80$3
49 years$975$543$287$147$73$2
50 years$944$518$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $967,000, adding $4,327 every year, while hoping to spend $29,769 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: 56/37/7 Blend
44$967,000$967,000$967,000$967,000
45$1,070,097$1,018,846$1,003,858$1,128,101
46$1,147,573$1,037,096$1,005,813$1,185,942
47$1,231,954$1,055,242$1,006,836$1,245,209
48$1,323,912$1,073,248$1,006,864$1,309,029
49$1,424,189$1,091,074$1,005,832$1,377,839
50$1,533,599$1,108,680$1,003,670$1,452,119
51$1,653,039$1,126,018$1,000,306$1,532,402
52$1,783,497$1,143,041$995,664$1,619,272
53$1,926,060$1,159,696$989,665$1,713,374
54$2,081,924$1,175,927$982,225$1,815,419
55$2,252,408$1,191,676$973,257$1,926,191
56$2,438,963$1,206,877$962,670$2,046,554
57$2,643,185$1,221,462$950,368$2,177,460
58$2,866,835$1,235,358$936,250$2,319,960
59$3,111,850$1,248,488$920,212$2,475,211
60$3,380,362$1,260,768$902,143$2,644,491
61$3,674,723$1,272,110$881,929$2,829,206
62$3,997,520$1,282,419$859,449$3,030,909
63$4,351,604$1,291,594$834,577$3,251,309
64$4,740,113$1,299,528$807,181$3,492,295
65$5,166,507$1,306,107$777,124$3,755,946
66$5,634,595$1,311,210$744,261$4,044,555
67$6,148,572$1,314,708$708,443$4,360,651
68$6,713,061$1,316,463$669,510$4,707,022
69$7,333,155$1,316,331$627,300$5,086,742
70$8,014,461$1,314,156$581,639$5,503,200
71$8,763,161$1,309,774$532,349$5,960,134
72$9,586,061$1,303,011$479,240$6,461,663
73$10,490,663$1,293,682$422,118$7,012,331
74$11,485,229$1,281,591$360,778$7,617,146
75$12,578,863$1,266,530$295,005$8,281,630
76$13,781,595$1,248,278$224,575$9,011,871
77$15,104,476$1,226,602$149,257$9,814,581
78$16,559,682$1,201,254$68,806$10,697,162
79$18,160,626$1,171,972$0$11,667,771
80$19,922,091$1,138,480$0$12,736,676
81$21,860,361$1,100,482$0$13,918,088
82$23,993,380$1,057,668$0$15,217,815
83$26,340,920$1,009,709$0$16,647,931
84$28,924,766$956,257$0$18,221,744
85$31,768,922$896,943$0$19,953,925
86$34,899,837$831,379$0$21,860,645
87$38,346,656$759,152$0$23,959,731
88$42,141,493$679,827$0$26,270,831
89$46,319,732$592,946$0$28,815,604
90$50,920,365$498,021$0$31,617,923
91$55,986,358$394,539$0$34,704,105
92$61,565,053$281,959$0$38,103,155
93$67,708,620$159,707$0$41,847,045
94$74,474,545$27,178$0$45,971,017
95$81,926,173$0$0$50,513,914
96$90,133,307$0$0$55,565,889
97$99,172,865$0$0$61,142,579
98$109,129,604$0$0$67,285,225
99$120,096,927$0$0$74,051,462
100$132,177,753$0$0$81,504,805