Can I retire at age 45 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$79,937$79,225$78,530$77,852$77,190$76,832
2 years$39,573$38,836$38,121$37,429$36,757$36,396
3 years$26,120$25,379$24,667$23,981$23,320$22,967
4 years$19,395$18,657$17,951$17,277$16,632$16,290
5 years$15,360$14,627$13,931$13,270$12,643$12,312
6 years$12,672$11,944$11,258$10,612$10,004$9,685
7 years$10,752$10,031$9,356$8,725$8,136$7,829
8 years$9,313$8,598$7,934$7,319$6,750$6,455
9 years$8,195$7,486$6,834$6,234$5,684$5,402
10 years$7,300$6,599$5,958$5,374$4,843$4,573
11 years$6,569$5,874$5,245$4,677$4,165$3,906
12 years$5,960$5,273$4,655$4,102$3,610$3,362
13 years$5,445$4,765$4,159$3,622$3,148$2,912
14 years$5,004$4,331$3,737$3,215$2,759$2,534
15 years$4,622$3,957$3,374$2,867$2,429$2,215
16 years$4,289$3,630$3,059$2,567$2,147$1,944
17 years$3,994$3,343$2,783$2,307$1,904$1,710
18 years$3,733$3,089$2,541$2,079$1,693$1,509
19 years$3,500$2,863$2,326$1,878$1,509$1,335
20 years$3,290$2,660$2,135$1,701$1,348$1,183
21 years$3,100$2,478$1,964$1,544$1,206$1,050
22 years$2,928$2,313$1,810$1,404$1,081$934
23 years$2,771$2,164$1,671$1,278$970$831
24 years$2,628$2,027$1,545$1,166$872$741
25 years$2,496$1,902$1,431$1,065$785$661
26 years$2,374$1,788$1,327$974$707$591
27 years$2,262$1,683$1,233$891$637$528
28 years$2,157$1,586$1,146$817$575$472
29 years$2,061$1,496$1,066$749$519$423
30 years$1,970$1,413$993$687$469$379
31 years$1,886$1,335$926$631$424$339
32 years$1,807$1,264$864$580$384$304
33 years$1,734$1,197$807$533$347$273
34 years$1,664$1,134$754$491$314$245
35 years$1,599$1,076$705$452$285$220
36 years$1,537$1,021$659$416$258$197
37 years$1,479$970$617$383$234$177
38 years$1,425$922$578$353$212$159
39 years$1,373$876$541$326$192$143
40 years$1,323$834$507$301$174$128
41 years$1,277$794$476$277$158$115
42 years$1,232$756$446$256$144$104
43 years$1,190$720$419$236$130$93
44 years$1,150$686$393$218$118$84
45 years$1,112$655$369$201$107$75
46 years$1,075$624$347$186$97$68
47 years$1,041$596$326$172$89$61
48 years$1,007$569$306$159$80$55
49 years$976$543$288$147$73$49
50 years$945$519$270$136$66$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $968,000, adding $5,012 every year, while hoping to spend $56,748 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: 47/42/11 Blend
44$968,000$968,000$968,000$968,000
45$1,071,906$1,020,602$1,005,598$1,118,788
46$1,120,861$1,010,232$978,906$1,141,273
47$1,172,907$997,452$949,418$1,159,385
48$1,228,301$982,084$916,980$1,177,758
49$1,287,320$963,939$881,432$1,196,437
50$1,350,273$942,818$842,606$1,215,474
51$1,417,493$918,508$800,326$1,234,929
52$1,489,349$890,787$754,408$1,254,872
53$1,566,243$859,416$704,661$1,275,388
54$1,648,617$824,145$650,885$1,296,570
55$1,736,956$784,708$592,869$1,318,529
56$1,831,791$740,824$530,396$1,341,393
57$1,933,706$692,196$463,237$1,365,307
58$2,043,341$638,511$391,152$1,390,437
59$2,161,399$579,435$313,893$1,416,972
60$2,288,653$514,619$231,199$1,445,129
61$2,425,950$443,690$142,799$1,475,154
62$2,574,223$366,257$48,409$1,507,323
63$2,734,496$281,906$0$1,541,951
64$2,907,895$190,199$0$1,585,536
65$3,095,656$90,675$0$1,638,799
66$3,299,140$0$0$1,696,541
67$3,519,843$0$0$1,767,241
68$3,759,410$0$0$1,889,563
69$4,019,650$0$0$2,022,538
70$4,302,553$0$0$2,167,194
71$4,610,308$0$0$2,324,662
72$4,945,325$0$0$2,496,190
73$5,310,253$0$0$2,683,147
74$5,708,010$0$0$2,887,043
75$6,141,805$0$0$3,109,538
76$6,615,172$0$0$3,352,461
77$7,132,001$0$0$3,617,822
78$7,696,571$0$0$3,907,837
79$8,313,596$0$0$4,224,946
80$8,988,265$0$0$4,571,833
81$9,726,291$0$0$4,951,454
82$10,533,964$0$0$5,367,065
83$11,418,211$0$0$5,822,252
84$12,386,659$0$0$6,320,962
85$13,447,708$0$0$6,867,542
86$14,610,609$0$0$7,466,782
87$15,885,550$0$0$8,123,954
88$17,283,752$0$0$8,844,869
89$18,817,573$0$0$9,635,923
90$20,500,626$0$0$10,504,165
91$22,347,906$0$0$11,457,356
92$24,375,930$0$0$12,504,049
93$26,602,891$0$0$13,653,663
94$29,048,832$0$0$14,916,575
95$31,735,830$0$0$16,304,216
96$34,688,209$0$0$17,829,180
97$37,932,763$0$0$19,505,342
98$41,499,012$0$0$21,347,986
99$45,419,477$0$0$23,373,952
100$49,729,988$0$0$25,601,794