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%19.8%
1 years$79,524$78,815$78,124$77,450$76,791$73,773
2 years$39,368$38,635$37,924$37,235$36,567$33,564
3 years$25,985$25,248$24,540$23,857$23,200$20,305
4 years$19,294$18,560$17,859$17,188$16,546$13,783
5 years$15,281$14,551$13,859$13,202$12,578$9,953
6 years$12,607$11,882$11,200$10,558$9,953$7,467
7 years$10,697$9,979$9,307$8,680$8,094$5,747
8 years$9,265$8,554$7,893$7,281$6,715$4,504
9 years$8,152$7,447$6,799$6,202$5,655$3,578
10 years$7,263$6,565$5,927$5,346$4,818$2,870
11 years$6,535$5,844$5,218$4,653$4,144$2,320
12 years$5,929$5,245$4,631$4,081$3,591$1,887
13 years$5,417$4,740$4,137$3,603$3,131$1,542
14 years$4,978$4,309$3,718$3,198$2,745$1,265
15 years$4,598$3,936$3,356$2,852$2,417$1,041
16 years$4,266$3,611$3,043$2,554$2,136$859
17 years$3,974$3,326$2,769$2,295$1,894$710
18 years$3,714$3,073$2,528$2,068$1,684$588
19 years$3,482$2,848$2,314$1,869$1,501$488
20 years$3,273$2,647$2,124$1,692$1,341$405
21 years$3,084$2,465$1,953$1,536$1,200$336
22 years$2,913$2,301$1,800$1,397$1,075$280
23 years$2,757$2,152$1,662$1,272$965$233
24 years$2,614$2,017$1,537$1,160$868$194
25 years$2,483$1,893$1,424$1,059$781$161
26 years$2,362$1,779$1,321$969$703$134
27 years$2,250$1,674$1,226$887$634$112
28 years$2,146$1,577$1,140$812$572$93
29 years$2,050$1,488$1,061$745$517$78
30 years$1,960$1,405$988$684$467$65
31 years$1,876$1,328$921$628$422$54
32 years$1,798$1,257$860$577$382$45
33 years$1,725$1,190$803$531$346$38
34 years$1,656$1,128$750$488$313$31
35 years$1,591$1,070$701$449$283$26
36 years$1,529$1,016$656$414$257$22
37 years$1,472$965$614$381$233$18
38 years$1,417$917$575$352$211$15
39 years$1,366$872$539$324$191$13
40 years$1,317$829$505$299$174$11
41 years$1,270$790$473$276$157$9
42 years$1,226$752$444$255$143$7
43 years$1,184$716$417$235$130$6
44 years$1,144$683$391$217$118$5
45 years$1,106$651$367$200$107$4
46 years$1,070$621$345$185$97$4
47 years$1,035$593$324$171$88$3
48 years$1,002$566$305$158$80$3
49 years$971$540$286$146$73$2
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 $2,931 every year, while hoping to spend $29,381 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: 58/15/27 Blend
44$963,000$963,000$963,000$963,000
45$1,064,249$1,013,210$998,284$1,117,992
46$1,141,542$1,031,596$1,000,465$1,173,486
47$1,225,733$1,049,899$1,001,735$1,230,607
48$1,317,496$1,068,082$1,002,031$1,292,278
49$1,417,571$1,086,109$1,001,290$1,358,951
50$1,526,773$1,103,938$999,443$1,431,121
51$1,645,999$1,121,526$996,420$1,509,333
52$1,776,237$1,138,826$992,145$1,594,192
53$1,918,572$1,155,788$986,541$1,686,361
54$2,074,202$1,172,357$979,525$1,786,576
55$2,244,444$1,188,476$971,013$1,895,644
56$2,430,749$1,204,083$960,914$2,014,459
57$2,634,714$1,219,112$949,133$2,144,004
58$2,858,099$1,233,492$935,573$2,285,367
59$3,102,840$1,247,149$920,130$2,439,743
60$3,371,071$1,260,000$902,696$2,608,454
61$3,665,142$1,271,962$883,158$2,792,957
62$3,987,640$1,282,941$861,397$2,994,859
63$4,341,415$1,292,841$837,289$3,215,930
64$4,729,607$1,301,558$810,706$3,458,127
65$5,155,673$1,308,981$781,511$3,723,603
66$5,623,423$1,314,992$749,563$4,014,735
67$6,137,053$1,319,467$714,714$4,334,144
68$6,701,184$1,322,273$676,808$4,684,721
69$7,320,908$1,323,268$635,685$5,069,653
70$8,001,834$1,322,301$591,174$5,492,453
71$8,750,142$1,319,215$543,100$5,956,997
72$9,572,640$1,313,839$491,276$6,467,559
73$10,476,826$1,305,995$435,511$7,028,850
74$11,470,965$1,295,491$375,603$7,646,066
75$12,564,158$1,282,125$311,341$8,324,934
76$13,766,437$1,265,684$242,506$9,071,771
77$15,088,852$1,245,941$168,868$9,893,539
78$16,543,578$1,222,655$90,187$10,797,916
79$18,144,028$1,195,571$6,215$11,793,367
80$19,904,985$1,164,419$0$12,889,224
81$21,842,732$1,128,915$0$14,119,800
82$23,975,214$1,088,755$0$15,475,885
83$26,322,202$1,043,620$0$16,968,272
84$28,905,480$993,170$0$18,610,830
85$31,749,053$937,049$0$20,418,846
86$34,879,369$874,877$0$22,409,165
87$38,325,573$806,255$0$24,600,350
88$42,119,777$730,757$0$27,012,859
89$46,297,368$647,938$0$29,669,239
90$50,897,336$557,323$0$32,594,336
91$55,962,646$458,414$0$35,815,532
92$61,540,643$350,683$0$39,363,004
93$67,683,493$233,572$0$43,270,007
94$74,448,685$106,492$0$47,573,189
95$81,899,562$0$0$52,312,942
96$90,105,928$0$0$57,538,921
97$99,144,700$0$0$63,314,467
98$109,100,638$0$0$69,676,177
99$120,067,142$0$0$76,683,745
100$132,147,134$0$0$84,402,954