Can I retire at age 45 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$79,441$78,733$78,043$77,369$76,711$76,005
2 years$39,327$38,595$37,885$37,197$36,529$35,818
3 years$25,958$25,222$24,514$23,832$23,176$22,481
4 years$19,274$18,541$17,840$17,170$16,529$15,856
5 years$15,265$14,536$13,845$13,188$12,565$11,916
6 years$12,593$11,870$11,188$10,547$9,942$9,319
7 years$10,686$9,968$9,298$8,671$8,086$7,487
8 years$9,256$8,545$7,885$7,274$6,708$6,134
9 years$8,144$7,440$6,791$6,196$5,649$5,101
10 years$7,255$6,558$5,921$5,341$4,813$4,289
11 years$6,528$5,838$5,213$4,648$4,140$3,640
12 years$5,923$5,240$4,626$4,077$3,587$3,111
13 years$5,411$4,735$4,133$3,599$3,128$2,675
14 years$4,973$4,304$3,714$3,195$2,742$2,312
15 years$4,594$3,932$3,353$2,849$2,414$2,006
16 years$4,262$3,608$3,040$2,551$2,134$1,747
17 years$3,970$3,322$2,766$2,292$1,892$1,526
18 years$3,710$3,070$2,525$2,066$1,682$1,336
19 years$3,478$2,845$2,312$1,867$1,499$1,172
20 years$3,270$2,644$2,122$1,691$1,339$1,031
21 years$3,081$2,463$1,951$1,534$1,199$908
22 years$2,910$2,299$1,799$1,395$1,074$800
23 years$2,754$2,150$1,661$1,271$964$707
24 years$2,611$2,015$1,536$1,159$867$625
25 years$2,480$1,891$1,422$1,058$780$553
26 years$2,359$1,777$1,319$968$703$489
27 years$2,248$1,672$1,225$886$633$434
28 years$2,144$1,576$1,139$812$572$385
29 years$2,048$1,486$1,060$744$516$341
30 years$1,958$1,404$987$683$466$303
31 years$1,875$1,327$920$627$422$269
32 years$1,796$1,256$859$576$381$239
33 years$1,723$1,189$802$530$345$212
34 years$1,654$1,127$749$488$312$189
35 years$1,589$1,069$700$449$283$168
36 years$1,528$1,015$655$414$256$149
37 years$1,470$964$613$381$232$133
38 years$1,416$916$574$351$211$118
39 years$1,364$871$538$324$191$105
40 years$1,315$829$504$299$173$94
41 years$1,269$789$473$276$157$83
42 years$1,225$751$444$254$143$74
43 years$1,183$716$416$235$129$66
44 years$1,143$682$391$217$118$59
45 years$1,105$651$367$200$107$52
46 years$1,069$621$345$185$97$47
47 years$1,034$592$324$171$88$42
48 years$1,001$565$304$158$80$37
49 years$969$540$286$146$73$33
50 years$939$516$269$135$66$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $962,000, adding $4,210 every year, while hoping to spend $50,873 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: 75/7/18 Blend
44$962,000$962,000$962,000$962,000
45$1,064,467$1,013,481$998,570$1,139,592
46$1,118,914$1,009,013$977,893$1,185,444
47$1,177,209$1,002,621$954,819$1,229,010
48$1,239,692$994,157$929,213$1,275,419
49$1,306,735$983,464$900,935$1,324,940
50$1,378,744$970,376$869,839$1,377,870
51$1,456,168$954,717$835,771$1,434,539
52$1,539,498$936,299$798,570$1,495,310
53$1,629,274$914,925$758,069$1,560,582
54$1,726,088$890,385$714,093$1,630,799
55$1,830,593$862,457$666,459$1,706,448
56$1,943,503$830,907$614,975$1,788,067
57$2,065,605$795,486$559,441$1,876,252
58$2,197,763$755,931$499,648$1,971,659
59$2,340,927$711,964$435,379$2,075,013
60$2,496,142$663,291$366,405$2,187,112
61$2,664,557$609,600$292,488$2,308,840
62$2,847,435$550,564$213,380$2,441,171
63$3,046,167$485,835$128,821$2,585,179
64$3,262,280$415,045$38,541$2,742,052
65$3,497,457$337,807$0$2,913,099
66$3,753,548$253,710$0$3,110,866
67$4,032,590$162,322$0$3,334,466
68$4,336,825$63,186$0$3,578,309
69$4,668,717$0$0$3,844,397
70$5,030,984$0$0$4,138,339
71$5,426,612$0$0$4,464,703
72$5,858,892$0$0$4,821,340
73$6,331,446$0$0$5,211,243
74$6,848,261$0$0$5,637,707
75$7,413,727$0$0$6,104,361
76$8,032,681$0$0$6,615,198
77$8,710,444$0$0$7,174,619
78$9,452,879$0$0$7,787,469
79$10,266,443$0$0$8,459,081
80$11,158,246$0$0$9,195,333
81$12,136,119$0$0$10,002,695
82$13,208,685$0$0$10,888,296
83$14,385,447$0$0$11,859,986
84$15,676,866$0$0$12,926,412
85$17,094,469$0$0$14,097,099
86$18,650,953$0$0$15,382,541
87$20,360,302$0$0$16,794,296
88$22,237,925$0$0$18,345,096
89$24,300,792$0$0$20,048,967
90$26,567,601$0$0$21,921,363
91$29,058,951$0$0$23,979,306
92$31,797,535$0$0$26,241,551
93$34,808,353$0$0$28,728,760
94$38,118,950$0$0$31,463,697
95$41,759,673$0$0$34,471,444
96$45,763,955$0$0$37,779,631
97$50,168,636$0$0$41,418,705
98$55,014,302$0$0$45,422,209
99$60,345,672$0$0$49,827,102
100$66,212,019$0$0$54,674,108