Can I retire at age 45 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$79,606$78,897$78,205$77,530$76,871$75,722
2 years$39,409$38,675$37,964$37,274$36,605$35,450
3 years$26,012$25,275$24,565$23,882$23,224$22,099
4 years$19,314$18,579$17,877$17,206$16,563$15,477
5 years$15,297$14,567$13,873$13,215$12,591$11,547
6 years$12,620$11,895$11,212$10,569$9,963$8,961
7 years$10,708$9,989$9,317$8,689$8,103$7,144
8 years$9,275$8,563$7,902$7,289$6,722$5,807
9 years$8,161$7,455$6,806$6,209$5,661$4,788
10 years$7,270$6,571$5,933$5,352$4,823$3,993
11 years$6,542$5,850$5,224$4,658$4,148$3,359
12 years$5,935$5,251$4,636$4,085$3,595$2,846
13 years$5,423$4,745$4,142$3,607$3,135$2,425
14 years$4,984$4,313$3,721$3,202$2,748$2,076
15 years$4,603$3,940$3,360$2,855$2,419$1,784
16 years$4,271$3,615$3,046$2,557$2,138$1,539
17 years$3,978$3,329$2,772$2,297$1,896$1,331
18 years$3,718$3,076$2,530$2,070$1,686$1,154
19 years$3,485$2,851$2,317$1,871$1,503$1,002
20 years$3,276$2,650$2,126$1,694$1,342$872
21 years$3,088$2,468$1,955$1,538$1,201$760
22 years$2,916$2,304$1,802$1,398$1,077$663
23 years$2,760$2,155$1,664$1,273$966$579
24 years$2,617$2,019$1,539$1,161$869$506
25 years$2,485$1,894$1,425$1,061$782$443
26 years$2,364$1,781$1,322$970$704$388
27 years$2,252$1,676$1,228$888$635$340
28 years$2,149$1,579$1,141$813$573$298
29 years$2,052$1,490$1,062$746$517$262
30 years$1,962$1,407$989$684$467$230
31 years$1,878$1,330$922$629$422$202
32 years$1,800$1,258$860$578$382$177
33 years$1,726$1,192$803$531$346$156
34 years$1,657$1,129$751$489$313$137
35 years$1,592$1,071$702$450$284$120
36 years$1,531$1,017$657$414$257$106
37 years$1,473$966$614$382$233$93
38 years$1,419$918$575$352$211$82
39 years$1,367$873$539$324$191$72
40 years$1,318$830$505$299$174$63
41 years$1,271$790$474$276$158$56
42 years$1,227$753$444$255$143$49
43 years$1,185$717$417$235$130$43
44 years$1,145$684$392$217$118$38
45 years$1,107$652$368$201$107$33
46 years$1,071$622$345$185$97$29
47 years$1,036$593$324$171$88$26
48 years$1,003$567$305$158$80$23
49 years$972$541$287$146$73$20
50 years$941$517$269$135$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $964,000, adding $4,519 every year, while hoping to spend $30,956 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: 59/21/20 Blend
44$964,000$964,000$964,000$964,000
45$1,066,989$1,015,897$1,000,955$1,124,065
46$1,142,885$1,032,739$1,001,550$1,180,146
47$1,225,485$1,049,369$1,001,128$1,237,506
48$1,315,440$1,065,744$999,621$1,299,371
49$1,413,466$1,081,816$996,960$1,366,182
50$1,520,353$1,097,538$993,071$1,438,425
51$1,636,967$1,112,856$987,877$1,516,636
52$1,764,264$1,127,712$981,297$1,601,409
53$1,903,296$1,142,047$973,248$1,693,395
54$2,055,220$1,155,795$963,639$1,793,315
55$2,221,311$1,168,888$952,380$1,901,963
56$2,402,971$1,181,250$939,371$2,020,215
57$2,601,746$1,192,803$924,512$2,149,037
58$2,819,337$1,203,463$907,695$2,289,495
59$3,057,616$1,213,140$888,810$2,442,764
60$3,318,647$1,221,738$867,740$2,610,140
61$3,604,702$1,229,156$844,362$2,793,053
62$3,918,283$1,235,285$818,549$2,993,079
63$4,262,144$1,240,011$790,167$3,211,957
64$4,639,322$1,243,210$759,077$3,451,604
65$5,053,158$1,244,753$725,131$3,714,136
66$5,507,336$1,244,502$688,179$4,001,884
67$6,005,910$1,242,308$648,059$4,317,420
68$6,553,349$1,238,018$604,605$4,663,580
69$7,154,574$1,231,464$557,643$5,043,492
70$7,815,007$1,222,472$506,990$5,460,605
71$8,540,620$1,210,856$452,456$5,918,722
72$9,337,993$1,196,417$393,843$6,422,035
73$10,214,374$1,178,947$330,942$6,975,170
74$11,177,749$1,158,224$263,537$7,583,224
75$12,236,915$1,134,013$191,402$8,251,820
76$13,401,566$1,106,066$114,300$8,987,156
77$14,682,381$1,074,118$31,984$9,796,067
78$16,091,126$1,037,891$0$10,686,088
79$17,640,763$997,090$0$11,677,448
80$19,345,576$951,403$0$12,775,445
81$21,221,302$900,499$0$13,983,405
82$23,285,280$844,029$0$15,312,524
83$25,556,615$781,622$0$16,775,143
84$28,056,357$712,890$0$18,384,861
85$30,807,702$637,418$0$20,156,668
86$33,836,207$554,770$0$22,107,084
87$37,170,031$464,485$0$24,254,316
88$40,840,205$366,076$0$26,618,433
89$44,880,921$259,028$0$29,221,549
90$49,329,852$142,798$0$32,088,041
91$54,228,513$16,811$0$35,244,772
92$59,622,648$0$0$38,721,352
93$65,562,665$0$0$42,578,036
94$72,104,106$0$0$46,829,591
95$79,308,176$0$0$51,511,925
96$87,242,320$0$0$56,668,888
97$95,980,854$0$0$62,348,797
98$105,605,673$0$0$68,604,897
99$116,207,020$0$0$75,495,859
100$127,884,334$0$0$83,086,338