Can I retire at age 45 with 963,000?

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 $963,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$79,524$78,815$78,124$77,450$76,791$75,989
2 years$39,368$38,635$37,924$37,235$36,567$35,760
3 years$25,985$25,248$24,540$23,857$23,200$22,412
4 years$19,294$18,560$17,859$17,188$16,546$15,784
5 years$15,281$14,551$13,859$13,202$12,578$11,843
6 years$12,607$11,882$11,200$10,558$9,953$9,246
7 years$10,697$9,979$9,307$8,680$8,094$7,417
8 years$9,265$8,554$7,893$7,281$6,715$6,066
9 years$8,152$7,447$6,799$6,202$5,655$5,035
10 years$7,263$6,565$5,927$5,346$4,818$4,227
11 years$6,535$5,844$5,218$4,653$4,144$3,580
12 years$5,929$5,245$4,631$4,081$3,591$3,054
13 years$5,417$4,740$4,137$3,603$3,131$2,621
14 years$4,978$4,309$3,718$3,198$2,745$2,261
15 years$4,598$3,936$3,356$2,852$2,417$1,958
16 years$4,266$3,611$3,043$2,554$2,136$1,701
17 years$3,974$3,326$2,769$2,295$1,894$1,483
18 years$3,714$3,073$2,528$2,068$1,684$1,296
19 years$3,482$2,848$2,314$1,869$1,501$1,134
20 years$3,273$2,647$2,124$1,692$1,341$995
21 years$3,084$2,465$1,953$1,536$1,200$874
22 years$2,913$2,301$1,800$1,397$1,075$769
23 years$2,757$2,152$1,662$1,272$965$678
24 years$2,614$2,017$1,537$1,160$868$598
25 years$2,483$1,893$1,424$1,059$781$528
26 years$2,362$1,779$1,321$969$703$466
27 years$2,250$1,674$1,226$887$634$412
28 years$2,146$1,577$1,140$812$572$365
29 years$2,050$1,488$1,061$745$517$323
30 years$1,960$1,405$988$684$467$286
31 years$1,876$1,328$921$628$422$253
32 years$1,798$1,257$860$577$382$224
33 years$1,725$1,190$803$531$346$199
34 years$1,656$1,128$750$488$313$176
35 years$1,591$1,070$701$449$283$156
36 years$1,529$1,016$656$414$257$139
37 years$1,472$965$614$381$233$123
38 years$1,417$917$575$352$211$109
39 years$1,366$872$539$324$191$97
40 years$1,317$829$505$299$174$86
41 years$1,270$790$473$276$157$77
42 years$1,226$752$444$255$143$68
43 years$1,184$716$417$235$130$60
44 years$1,144$683$391$217$118$54
45 years$1,106$651$367$200$107$48
46 years$1,070$621$345$185$97$42
47 years$1,035$593$324$171$88$38
48 years$1,002$566$305$158$80$33
49 years$971$540$286$146$73$30
50 years$940$516$269$135$66$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $963,000, adding $2,245 every year, while hoping to spend $53,710 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: 55/35/10 Blend
44$963,000$963,000$963,000$963,000
45$1,063,542$1,012,503$997,576$1,119,275
46$1,114,876$1,004,968$973,848$1,149,725
47$1,169,646$995,265$947,525$1,176,776
48$1,228,146$983,229$918,463$1,204,952
49$1,290,698$968,687$886,512$1,234,371
50$1,357,654$951,458$851,515$1,265,162
51$1,429,402$931,347$813,308$1,297,471
52$1,506,366$908,148$771,719$1,331,465
53$1,589,012$881,644$726,568$1,367,325
54$1,677,851$851,605$677,668$1,405,259
55$1,773,445$817,786$624,823$1,445,498
56$1,876,410$779,931$567,828$1,488,298
57$1,987,422$737,766$506,469$1,533,948
58$2,107,226$691,004$440,523$1,582,771
59$2,236,638$639,338$369,755$1,635,124
60$2,376,556$582,446$293,923$1,691,410
61$2,527,966$519,988$212,771$1,752,074
62$2,691,954$451,603$126,034$1,817,615
63$2,869,713$376,910$33,435$1,888,587
64$3,062,552$295,508$0$1,965,608
65$3,271,915$206,970$0$2,056,341
66$3,499,389$110,850$0$2,158,836
67$3,746,717$6,672$0$2,270,403
68$4,015,820$0$0$2,392,023
69$4,308,810$0$0$2,565,632
70$4,628,012$0$0$2,757,653
71$4,975,983$0$0$2,967,065
72$5,355,538$0$0$3,195,574
73$5,769,775$0$0$3,445,055
74$6,222,107$0$0$3,717,575
75$6,716,286$0$0$4,015,407
76$7,256,446$0$0$4,341,056
77$7,847,139$0$0$4,697,276
78$8,493,374$0$0$5,087,105
79$9,200,668$0$0$5,513,883
80$9,975,097$0$0$5,981,291
81$10,823,350$0$0$6,493,382
82$11,752,796$0$0$7,054,620
83$12,771,547$0$0$7,669,919
84$13,888,539$0$0$8,344,694
85$15,113,615$0$0$9,084,908
86$16,457,615$0$0$9,897,130
87$17,932,478$0$0$10,788,593
88$19,551,358$0$0$11,767,267
89$21,328,741$0$0$12,841,930
90$23,280,586$0$0$14,022,253
91$25,424,473$0$0$15,318,887
92$27,779,768$0$0$16,743,569
93$30,367,807$0$0$18,309,226
94$33,212,092$0$0$20,030,101
95$36,338,518$0$0$21,921,886
96$39,775,611$0$0$24,001,867
97$43,554,800$0$0$26,289,090
98$47,710,712$0$0$28,804,540
99$52,281,497$0$0$31,571,336
100$57,309,187$0$0$34,614,950