Can I retire at age 45 with 963,000?

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 $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%19.1%
1 years$79,524$78,815$78,124$77,450$76,791$73,978
2 years$39,368$38,635$37,924$37,235$36,567$33,765
3 years$25,985$25,248$24,540$23,857$23,200$20,495
4 years$19,294$18,560$17,859$17,188$16,546$13,961
5 years$15,281$14,551$13,859$13,202$12,578$10,119
6 years$12,607$11,882$11,200$10,558$9,953$7,621
7 years$10,697$9,979$9,307$8,680$8,094$5,889
8 years$9,265$8,554$7,893$7,281$6,715$4,635
9 years$8,152$7,447$6,799$6,202$5,655$3,697
10 years$7,263$6,565$5,927$5,346$4,818$2,979
11 years$6,535$5,844$5,218$4,653$4,144$2,420
12 years$5,929$5,245$4,631$4,081$3,591$1,977
13 years$5,417$4,740$4,137$3,603$3,131$1,624
14 years$4,978$4,309$3,718$3,198$2,745$1,339
15 years$4,598$3,936$3,356$2,852$2,417$1,107
16 years$4,266$3,611$3,043$2,554$2,136$918
17 years$3,974$3,326$2,769$2,295$1,894$763
18 years$3,714$3,073$2,528$2,068$1,684$635
19 years$3,482$2,848$2,314$1,869$1,501$529
20 years$3,273$2,647$2,124$1,692$1,341$442
21 years$3,084$2,465$1,953$1,536$1,200$369
22 years$2,913$2,301$1,800$1,397$1,075$309
23 years$2,757$2,152$1,662$1,272$965$258
24 years$2,614$2,017$1,537$1,160$868$216
25 years$2,483$1,893$1,424$1,059$781$181
26 years$2,362$1,779$1,321$969$703$152
27 years$2,250$1,674$1,226$887$634$127
28 years$2,146$1,577$1,140$812$572$107
29 years$2,050$1,488$1,061$745$517$89
30 years$1,960$1,405$988$684$467$75
31 years$1,876$1,328$921$628$422$63
32 years$1,798$1,257$860$577$382$53
33 years$1,725$1,190$803$531$346$44
34 years$1,656$1,128$750$488$313$37
35 years$1,591$1,070$701$449$283$31
36 years$1,529$1,016$656$414$257$26
37 years$1,472$965$614$381$233$22
38 years$1,417$917$575$352$211$18
39 years$1,366$872$539$324$191$15
40 years$1,317$829$505$299$174$13
41 years$1,270$790$473$276$157$11
42 years$1,226$752$444$255$143$9
43 years$1,184$716$417$235$130$8
44 years$1,144$683$391$217$118$6
45 years$1,106$651$367$200$107$5
46 years$1,070$621$345$185$97$5
47 years$1,035$593$324$171$88$4
48 years$1,002$566$305$158$80$3
49 years$971$540$286$146$73$3
50 years$940$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 $963,000, adding $5,071 every year, while hoping to spend $47,859 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: 61/9/30 Blend
44$963,000$963,000$963,000$963,000
45$1,066,457$1,015,418$1,000,491$1,122,560
46$1,124,314$1,014,252$983,086$1,160,252
47$1,186,468$1,011,424$963,494$1,195,815
48$1,253,308$1,006,804$941,591$1,233,646
49$1,325,258$1,000,250$917,247$1,273,977
50$1,402,787$991,615$890,328$1,317,066
51$1,486,408$980,741$860,690$1,363,202
52$1,576,686$967,461$828,187$1,412,700
53$1,674,239$951,599$792,663$1,465,914
54$1,779,750$932,966$753,956$1,523,233
55$1,893,968$911,364$711,896$1,585,090
56$2,017,715$886,583$666,307$1,651,964
57$2,151,897$858,401$617,004$1,724,384
58$2,297,509$826,581$563,792$1,802,938
59$2,455,647$790,876$506,471$1,888,277
60$2,627,514$751,020$444,829$1,981,118
61$2,814,436$706,735$378,646$2,082,260
62$3,017,869$657,726$307,691$2,192,581
63$3,239,418$603,680$231,725$2,313,057
64$3,480,847$544,269$150,497$2,444,765
65$3,744,099$479,144$63,744$2,588,896
66$4,031,310$407,936$0$2,746,770
67$4,344,835$330,256$0$2,929,072
68$4,687,263$245,693$0$3,150,557
69$5,061,445$153,813$0$3,392,675
70$5,470,520$54,157$0$3,657,491
71$5,917,944$0$0$3,947,282
72$6,407,523$0$0$4,269,881
73$6,943,446$0$0$4,628,962
74$7,530,327$0$0$5,022,260
75$8,173,248$0$0$5,453,191
76$8,877,803$0$0$5,925,515
77$9,650,156$0$0$6,443,373
78$10,497,094$0$0$7,011,327
79$11,426,092$0$0$7,634,400
80$12,445,384$0$0$8,318,125
81$13,564,040$0$0$9,068,598
82$14,792,049$0$0$9,892,534
83$16,140,416$0$0$10,797,328
84$17,621,264$0$0$11,791,126
85$19,247,945$0$0$12,882,905
86$21,035,171$0$0$14,082,552
87$22,999,148$0$0$15,400,959
88$25,157,730$0$0$16,850,126
89$27,530,586$0$0$18,443,273
90$30,139,387$0$0$20,194,966
91$33,008,008$0$0$22,121,252
92$36,162,751$0$0$24,239,811
93$39,632,597$0$0$26,570,121
94$43,449,477$0$0$29,133,646
95$47,648,571$0$0$31,954,031
96$52,268,641$0$0$35,057,331
97$57,352,396$0$0$38,472,254
98$62,946,893$0$0$42,230,429
99$69,103,981$0$0$46,366,710
100$75,880,793$0$0$50,919,498