Can I retire at age 45 with 962,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$79,441$78,733$78,043$77,369$76,711$75,784
2 years$39,327$38,595$37,885$37,197$36,529$35,596
3 years$25,958$25,222$24,514$23,832$23,176$22,266
4 years$19,274$18,541$17,840$17,170$16,529$15,649
5 years$15,265$14,536$13,845$13,188$12,565$11,718
6 years$12,593$11,870$11,188$10,547$9,942$9,129
7 years$10,686$9,968$9,298$8,671$8,086$7,306
8 years$9,256$8,545$7,885$7,274$6,708$5,962
9 years$8,144$7,440$6,791$6,196$5,649$4,937
10 years$7,255$6,558$5,921$5,341$4,813$4,134
11 years$6,528$5,838$5,213$4,648$4,140$3,493
12 years$5,923$5,240$4,626$4,077$3,587$2,973
13 years$5,411$4,735$4,133$3,599$3,128$2,545
14 years$4,973$4,304$3,714$3,195$2,742$2,189
15 years$4,594$3,932$3,353$2,849$2,414$1,890
16 years$4,262$3,608$3,040$2,551$2,134$1,638
17 years$3,970$3,322$2,766$2,292$1,892$1,424
18 years$3,710$3,070$2,525$2,066$1,682$1,240
19 years$3,478$2,845$2,312$1,867$1,499$1,083
20 years$3,270$2,644$2,122$1,691$1,339$947
21 years$3,081$2,463$1,951$1,534$1,199$830
22 years$2,910$2,299$1,799$1,395$1,074$728
23 years$2,754$2,150$1,661$1,271$964$639
24 years$2,611$2,015$1,536$1,159$867$562
25 years$2,480$1,891$1,422$1,058$780$495
26 years$2,359$1,777$1,319$968$703$436
27 years$2,248$1,672$1,225$886$633$384
28 years$2,144$1,576$1,139$812$572$338
29 years$2,048$1,486$1,060$744$516$299
30 years$1,958$1,404$987$683$466$264
31 years$1,875$1,327$920$627$422$233
32 years$1,796$1,256$859$576$381$206
33 years$1,723$1,189$802$530$345$182
34 years$1,654$1,127$749$488$312$161
35 years$1,589$1,069$700$449$283$142
36 years$1,528$1,015$655$414$256$126
37 years$1,470$964$613$381$232$111
38 years$1,416$916$574$351$211$98
39 years$1,364$871$538$324$191$87
40 years$1,315$829$504$299$173$77
41 years$1,269$789$473$276$157$68
42 years$1,225$751$444$254$143$60
43 years$1,183$716$416$235$129$53
44 years$1,143$682$391$217$118$47
45 years$1,105$651$367$200$107$42
46 years$1,069$621$345$185$97$37
47 years$1,034$592$324$171$88$33
48 years$1,001$565$304$158$80$29
49 years$969$540$286$146$73$26
50 years$939$516$269$135$66$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $962,000, adding $2,711 every year, while hoping to spend $27,010 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: 48/30/22 Blend
44$962,000$962,000$962,000$962,000
45$1,062,920$1,011,934$997,023$1,107,193
46$1,142,600$1,032,781$1,001,685$1,159,200
47$1,229,501$1,053,743$1,005,598$1,212,718
48$1,324,333$1,074,799$1,008,708$1,270,280
49$1,427,874$1,095,924$1,010,959$1,332,278
50$1,540,983$1,117,090$1,012,292$1,399,142
51$1,664,605$1,138,268$1,012,645$1,471,351
52$1,799,778$1,159,427$1,011,952$1,549,429
53$1,947,649$1,180,533$1,010,146$1,633,955
54$2,109,478$1,201,547$1,007,155$1,725,569
55$2,286,653$1,222,432$1,002,903$1,824,976
56$2,480,704$1,243,143$997,312$1,932,952
57$2,693,313$1,263,634$990,299$2,050,356
58$2,926,335$1,283,856$981,778$2,178,132
59$3,181,811$1,303,756$971,659$2,317,324
60$3,461,992$1,323,276$959,845$2,469,081
61$3,769,354$1,342,355$946,238$2,634,673
62$4,106,624$1,360,927$930,734$2,815,498
63$4,476,810$1,378,922$913,224$3,013,098
64$4,883,221$1,396,266$893,593$3,229,177
65$5,329,504$1,412,877$871,722$3,465,610
66$5,819,675$1,428,670$847,487$3,724,467
67$6,358,161$1,443,554$820,757$4,008,030
68$6,949,837$1,457,431$791,395$4,318,817
69$7,600,072$1,470,197$759,259$4,659,603
70$8,314,783$1,481,741$724,198$5,033,449
71$9,100,490$1,491,945$686,058$5,443,731
72$9,964,373$1,500,683$644,674$5,894,171
73$10,914,344$1,507,822$599,876$6,388,873
74$11,959,121$1,513,219$551,485$6,932,363
75$13,108,308$1,516,724$499,317$7,529,631
76$14,372,487$1,518,175$443,176$8,186,181
77$15,763,317$1,517,401$382,858$8,908,080
78$17,293,644$1,514,222$318,152$9,702,017
79$18,977,622$1,508,445$248,837$10,575,369
80$20,830,846$1,499,866$174,680$11,536,269
81$22,870,501$1,488,268$95,440$12,593,683
82$25,115,520$1,473,421$10,865$13,757,496
83$27,586,767$1,455,082$0$15,038,609
84$30,307,228$1,432,993$0$16,467,674
85$33,302,235$1,406,879$0$18,043,235
86$36,599,699$1,376,451$0$19,777,411
87$40,230,373$1,341,403$0$21,686,374
88$44,228,148$1,301,408$0$23,787,946
89$48,630,365$1,256,124$0$26,101,771
90$53,478,174$1,205,185$0$28,649,500
91$58,816,915$1,148,207$0$31,454,996
92$64,696,554$1,084,782$0$34,544,558
93$71,172,145$1,014,479$0$37,947,173
94$78,304,357$936,842$0$41,694,788
95$86,160,044$851,389$0$45,822,613
96$94,812,873$757,612$0$50,369,455
97$104,344,023$654,972$0$55,378,083
98$114,842,947$542,899$0$60,895,637
99$126,408,220$420,794$0$66,974,067
100$139,148,467$288,021$0$73,670,632