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%19%
1 years$79,441$78,733$78,043$77,369$76,711$73,931
2 years$39,327$38,595$37,885$37,197$36,529$33,758
3 years$25,958$25,222$24,514$23,832$23,176$20,502
4 years$19,274$18,541$17,840$17,170$16,529$13,972
5 years$15,265$14,536$13,845$13,188$12,565$10,132
6 years$12,593$11,870$11,188$10,547$9,942$7,635
7 years$10,686$9,968$9,298$8,671$8,086$5,904
8 years$9,256$8,545$7,885$7,274$6,708$4,649
9 years$8,144$7,440$6,791$6,196$5,649$3,711
10 years$7,255$6,558$5,921$5,341$4,813$2,992
11 years$6,528$5,838$5,213$4,648$4,140$2,432
12 years$5,923$5,240$4,626$4,077$3,587$1,988
13 years$5,411$4,735$4,133$3,599$3,128$1,634
14 years$4,973$4,304$3,714$3,195$2,742$1,348
15 years$4,594$3,932$3,353$2,849$2,414$1,116
16 years$4,262$3,608$3,040$2,551$2,134$926
17 years$3,970$3,322$2,766$2,292$1,892$770
18 years$3,710$3,070$2,525$2,066$1,682$641
19 years$3,478$2,845$2,312$1,867$1,499$535
20 years$3,270$2,644$2,122$1,691$1,339$447
21 years$3,081$2,463$1,951$1,534$1,199$374
22 years$2,910$2,299$1,799$1,395$1,074$313
23 years$2,754$2,150$1,661$1,271$964$262
24 years$2,611$2,015$1,536$1,159$867$219
25 years$2,480$1,891$1,422$1,058$780$184
26 years$2,359$1,777$1,319$968$703$154
27 years$2,248$1,672$1,225$886$633$129
28 years$2,144$1,576$1,139$812$572$109
29 years$2,048$1,486$1,060$744$516$91
30 years$1,958$1,404$987$683$466$76
31 years$1,875$1,327$920$627$422$64
32 years$1,796$1,256$859$576$381$54
33 years$1,723$1,189$802$530$345$45
34 years$1,654$1,127$749$488$312$38
35 years$1,589$1,069$700$449$283$32
36 years$1,528$1,015$655$414$256$27
37 years$1,470$964$613$381$232$23
38 years$1,416$916$574$351$211$19
39 years$1,364$871$538$324$191$16
40 years$1,315$829$504$299$173$13
41 years$1,269$789$473$276$157$11
42 years$1,225$751$444$254$143$9
43 years$1,183$716$416$235$129$8
44 years$1,143$682$391$217$118$7
45 years$1,105$651$367$200$107$6
46 years$1,069$621$345$185$97$5
47 years$1,034$592$324$171$88$4
48 years$1,001$565$304$158$80$3
49 years$969$540$286$146$73$3
50 years$939$516$269$135$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $962,000, adding $6,805 every year, while hoping to spend $43,547 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: 32/38/30 Blend
44$962,000$962,000$962,000$962,000
45$1,067,143$1,016,157$1,001,246$1,091,384
46$1,129,658$1,019,615$988,454$1,114,113
47$1,197,090$1,021,783$973,774$1,134,294
48$1,269,895$1,022,552$957,097$1,155,196
49$1,348,573$1,021,806$938,308$1,176,913
50$1,433,674$1,019,421$917,288$1,199,553
51$1,525,803$1,015,267$893,912$1,223,239
52$1,625,624$1,009,205$868,048$1,248,109
53$1,733,870$1,001,088$839,559$1,274,320
54$1,851,343$990,760$808,303$1,302,049
55$1,978,928$978,055$774,130$1,331,496
56$2,117,598$962,798$736,881$1,362,884
57$2,268,421$944,804$696,395$1,396,467
58$2,432,576$923,875$652,500$1,432,528
59$2,611,356$899,802$605,017$1,471,385
60$2,806,188$872,366$553,759$1,513,395
61$3,018,640$841,333$498,530$1,558,958
62$3,250,438$806,455$439,127$1,608,521
63$3,503,482$767,470$375,337$1,662,583
64$3,779,864$724,103$306,938$1,721,703
65$4,081,885$676,060$233,696$1,786,505
66$4,412,083$623,031$155,370$1,857,684
67$4,773,246$564,691$71,706$1,936,015
68$5,168,449$500,692$0$2,022,363
69$5,601,074$430,670$0$2,123,317
70$6,074,850$354,239$0$2,259,181
71$6,593,877$270,989$0$2,408,262
72$7,162,677$180,492$0$2,571,981
73$7,786,225$82,291$0$2,751,911
74$8,470,003$0$0$2,949,793
75$9,220,049$0$0$3,177,627
76$10,043,011$0$0$3,465,514
77$10,946,215$0$0$3,781,624
78$11,937,728$0$0$4,128,800
79$13,026,438$0$0$4,510,174
80$14,222,135$0$0$4,929,195
81$15,535,604$0$0$5,389,664
82$16,978,724$0$0$5,895,769
83$18,564,586$0$0$6,452,122
84$20,307,608$0$0$7,063,804
85$22,223,675$0$0$7,736,416
86$24,330,288$0$0$8,476,125
87$26,646,730$0$0$9,289,728
88$29,194,244$0$0$10,184,714
89$31,996,234$0$0$11,169,332
90$35,078,489$0$0$12,252,673
91$38,469,422$0$0$13,444,753
92$42,200,337$0$0$14,756,608
93$46,305,726$0$0$16,200,398
94$50,823,596$0$0$17,789,520
95$55,795,821$0$0$19,538,739
96$61,268,541$0$0$21,464,320
97$67,292,598$0$0$23,584,189
98$73,924,010$0$0$25,918,096
99$81,224,505$0$0$28,487,802
100$89,262,099$0$0$31,317,290