Can I retire at age 45 with 969,000?

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 $969,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$80,019$79,306$78,611$77,932$77,269$75,127
2 years$39,613$38,876$38,161$37,467$36,795$34,653
3 years$26,147$25,406$24,692$24,006$23,344$21,269
4 years$19,415$18,676$17,970$17,295$16,649$14,657
5 years$15,376$14,642$13,945$13,284$12,657$10,753
6 years$12,685$11,956$11,270$10,623$10,015$8,201
7 years$10,764$10,041$9,365$8,734$8,145$6,421
8 years$9,323$8,607$7,943$7,327$6,757$5,123
9 years$8,203$7,494$6,841$6,241$5,690$4,144
10 years$7,308$6,606$5,964$5,380$4,848$3,388
11 years$6,576$5,880$5,251$4,682$4,170$2,793
12 years$5,966$5,278$4,660$4,107$3,613$2,317
13 years$5,451$4,770$4,163$3,626$3,151$1,933
14 years$5,009$4,336$3,741$3,218$2,762$1,619
15 years$4,627$3,961$3,377$2,870$2,432$1,361
16 years$4,293$3,634$3,062$2,570$2,149$1,148
17 years$3,999$3,347$2,786$2,309$1,906$970
18 years$3,737$3,092$2,544$2,081$1,695$821
19 years$3,503$2,866$2,329$1,880$1,510$697
20 years$3,293$2,663$2,137$1,703$1,349$592
21 years$3,104$2,481$1,966$1,546$1,207$503
22 years$2,931$2,316$1,812$1,405$1,082$428
23 years$2,774$2,166$1,673$1,280$971$365
24 years$2,630$2,029$1,547$1,167$873$311
25 years$2,498$1,904$1,433$1,066$786$266
26 years$2,377$1,790$1,329$975$708$227
27 years$2,264$1,684$1,234$892$638$194
28 years$2,160$1,587$1,147$817$576$165
29 years$2,063$1,497$1,068$750$520$141
30 years$1,972$1,414$994$688$470$121
31 years$1,888$1,337$927$632$425$103
32 years$1,809$1,265$865$581$384$88
33 years$1,735$1,198$808$534$348$76
34 years$1,666$1,135$755$491$315$65
35 years$1,601$1,077$705$452$285$55
36 years$1,539$1,022$660$417$258$47
37 years$1,481$971$618$384$234$40
38 years$1,426$922$578$354$212$35
39 years$1,374$877$542$326$192$30
40 years$1,325$835$508$301$175$25
41 years$1,278$794$476$278$158$22
42 years$1,234$757$447$256$144$19
43 years$1,191$721$419$236$130$16
44 years$1,151$687$394$218$118$14
45 years$1,113$655$370$202$107$12
46 years$1,077$625$347$186$98$10
47 years$1,042$597$326$172$89$9
48 years$1,008$569$306$159$80$7
49 years$977$544$288$147$73$6
50 years$946$519$271$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $969,000, adding $2,128 every year, while hoping to spend $57,786 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: 52/27/21 Blend
44$969,000$969,000$969,000$969,000
45$1,070,033$1,018,676$1,003,657$1,119,359
46$1,117,693$1,007,107$975,795$1,142,014
47$1,168,277$993,035$945,064$1,160,487
48$1,222,022$976,275$911,305$1,179,359
49$1,279,190$956,634$874,355$1,198,686
50$1,340,062$933,904$834,041$1,218,538
51$1,404,952$907,868$790,184$1,238,990
52$1,474,198$878,295$742,597$1,260,132
53$1,548,175$844,940$691,082$1,282,067
54$1,627,290$807,544$635,435$1,304,911
55$1,711,994$765,834$575,442$1,328,797
56$1,802,777$719,519$510,879$1,353,877
57$1,900,179$668,294$441,512$1,380,322
58$2,004,791$611,835$367,097$1,408,328
59$2,117,265$549,799$287,380$1,438,114
60$2,238,312$481,826$202,093$1,469,928
61$2,368,716$407,531$110,959$1,504,053
62$2,509,337$326,512$13,688$1,540,802
63$2,661,120$238,343$0$1,580,532
64$2,825,104$142,571$0$1,643,834
65$3,002,430$38,722$0$1,715,550
66$3,194,352$0$0$1,793,183
67$3,402,248$0$0$1,899,274
68$3,627,635$0$0$2,026,844
69$3,872,180$0$0$2,165,342
70$4,137,716$0$0$2,315,817
71$4,426,260$0$0$2,479,423
72$4,740,030$0$0$2,657,431
73$5,081,466$0$0$2,851,235
74$5,453,255$0$0$3,062,375
75$5,858,351$0$0$3,292,540
76$6,300,005$0$0$3,543,593
77$6,781,798$0$0$3,817,583
78$7,307,668$0$0$4,116,765
79$7,881,952$0$0$4,443,622
80$8,509,423$0$0$4,800,887
81$9,195,337$0$0$5,191,569
82$9,945,480$0$0$5,618,982
83$10,766,222$0$0$6,086,775
84$11,664,578$0$0$6,598,964
85$12,648,273$0$0$7,159,973
86$13,725,813$0$0$7,774,675
87$14,906,565$0$0$8,448,434
88$16,200,847$0$0$9,187,160
89$17,620,021$0$0$9,997,362
90$19,176,601$0$0$10,886,207
91$20,884,372$0$0$11,861,591
92$22,758,516$0$0$12,932,211
93$24,815,756$0$0$14,107,648
94$27,074,514$0$0$15,398,455
95$29,555,084$0$0$16,816,257
96$32,279,820$0$0$18,373,860
97$35,273,347$0$0$20,085,372
98$38,562,796$0$0$21,966,336
99$42,178,052$0$0$24,033,874
100$46,152,043$0$0$26,306,851