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%16.2%
1 years$79,524$78,815$78,124$77,450$76,791$74,843
2 years$39,368$38,635$37,924$37,235$36,567$34,618
3 years$25,985$25,248$24,540$23,857$23,200$21,309
4 years$19,294$18,560$17,859$17,188$16,546$14,729
5 years$15,281$14,551$13,859$13,202$12,578$10,840
6 years$12,607$11,882$11,200$10,558$9,953$8,295
7 years$10,697$9,979$9,307$8,680$8,094$6,517
8 years$9,265$8,554$7,893$7,281$6,715$5,217
9 years$8,152$7,447$6,799$6,202$5,655$4,236
10 years$7,263$6,565$5,927$5,346$4,818$3,476
11 years$6,535$5,844$5,218$4,653$4,144$2,876
12 years$5,929$5,245$4,631$4,081$3,591$2,396
13 years$5,417$4,740$4,137$3,603$3,131$2,007
14 years$4,978$4,309$3,718$3,198$2,745$1,688
15 years$4,598$3,936$3,356$2,852$2,417$1,425
16 years$4,266$3,611$3,043$2,554$2,136$1,207
17 years$3,974$3,326$2,769$2,295$1,894$1,024
18 years$3,714$3,073$2,528$2,068$1,684$871
19 years$3,482$2,848$2,314$1,869$1,501$742
20 years$3,273$2,647$2,124$1,692$1,341$633
21 years$3,084$2,465$1,953$1,536$1,200$541
22 years$2,913$2,301$1,800$1,397$1,075$463
23 years$2,757$2,152$1,662$1,272$965$396
24 years$2,614$2,017$1,537$1,160$868$339
25 years$2,483$1,893$1,424$1,059$781$291
26 years$2,362$1,779$1,321$969$703$250
27 years$2,250$1,674$1,226$887$634$214
28 years$2,146$1,577$1,140$812$572$184
29 years$2,050$1,488$1,061$745$517$158
30 years$1,960$1,405$988$684$467$136
31 years$1,876$1,328$921$628$422$117
32 years$1,798$1,257$860$577$382$100
33 years$1,725$1,190$803$531$346$86
34 years$1,656$1,128$750$488$313$74
35 years$1,591$1,070$701$449$283$64
36 years$1,529$1,016$656$414$257$55
37 years$1,472$965$614$381$233$47
38 years$1,417$917$575$352$211$40
39 years$1,366$872$539$324$191$35
40 years$1,317$829$505$299$174$30
41 years$1,270$790$473$276$157$26
42 years$1,226$752$444$255$143$22
43 years$1,184$716$417$235$130$19
44 years$1,144$683$391$217$118$16
45 years$1,106$651$367$200$107$14
46 years$1,070$621$345$185$97$12
47 years$1,035$593$324$171$88$10
48 years$1,002$566$305$158$80$9
49 years$971$540$286$146$73$8
50 years$940$516$269$135$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $963,000, adding $3,142 every year, while hoping to spend $44,823 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: 64/11/25 Blend
44$963,000$963,000$963,000$963,000
45$1,064,467$1,013,428$998,501$1,125,418
46$1,125,351$1,015,395$984,260$1,168,932
47$1,190,944$1,015,955$968,039$1,211,185
48$1,261,677$1,014,994$949,725$1,256,352
49$1,338,026$1,012,387$929,199$1,304,722
50$1,420,514$1,008,004$906,337$1,356,616
51$1,509,716$1,001,705$881,008$1,412,392
52$1,606,261$993,343$853,077$1,472,440
53$1,710,845$982,762$822,400$1,537,197
54$1,824,230$969,796$788,829$1,607,143
55$1,947,255$954,269$752,208$1,682,808
56$2,080,842$935,996$712,374$1,764,781
57$2,226,006$914,778$669,158$1,853,710
58$2,383,865$890,408$622,380$1,950,313
59$2,555,645$862,664$571,856$2,055,383
60$2,742,699$831,313$517,391$2,169,796
61$2,946,513$796,106$458,782$2,294,520
62$3,168,724$756,781$395,818$2,430,624
63$3,411,133$713,063$328,277$2,579,289
64$3,675,722$664,657$255,928$2,741,822
65$3,964,674$611,253$178,530$2,919,661
66$4,280,391$552,525$95,831$3,114,400
67$4,625,518$488,126$7,569$3,327,796
68$5,002,966$417,689$0$3,561,790
69$5,415,942$340,829$0$3,841,631
70$5,867,976$257,138$0$4,150,234
71$6,362,955$166,183$0$4,488,270
72$6,905,159$67,509$0$4,858,705
73$7,499,304$0$0$5,264,808
74$8,150,581$0$0$5,714,946
75$8,864,708$0$0$6,217,551
76$9,647,983$0$0$6,768,890
77$10,507,343$0$0$7,373,857
78$11,450,429$0$0$8,037,839
79$12,485,656$0$0$8,766,770
80$13,622,296$0$0$9,567,187
81$14,870,562$0$0$10,446,293
82$16,241,702$0$0$11,412,019
83$17,748,110$0$0$12,473,107
84$19,403,439$0$0$13,639,183
85$21,222,730$0$0$14,920,853
86$23,222,553$0$0$16,329,804
87$25,421,164$0$0$17,878,910
88$27,838,675$0$0$19,582,353
89$30,497,246$0$0$21,455,761
90$33,421,290$0$0$23,516,351
91$36,637,707$0$0$25,783,092
92$40,176,133$0$0$28,276,885
93$44,069,221$0$0$31,020,759
94$48,352,951$0$0$34,040,086
95$53,066,964$0$0$37,362,823
96$58,254,941$0$0$41,019,775
97$63,965,007$0$0$45,044,884
98$70,250,195$0$0$49,475,548
99$77,168,936$0$0$54,352,976
100$84,785,614$0$0$59,722,576