Can I retire at age 45 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$79,441$78,733$78,043$77,369$76,711$75,347
2 years$39,327$38,595$37,885$37,197$36,529$35,160
3 years$25,958$25,222$24,514$23,832$23,176$21,843
4 years$19,274$18,541$17,840$17,170$16,529$15,244
5 years$15,265$14,536$13,845$13,188$12,565$11,331
6 years$12,593$11,870$11,188$10,547$9,942$8,761
7 years$10,686$9,968$9,298$8,671$8,086$6,957
8 years$9,256$8,545$7,885$7,274$6,708$5,632
9 years$8,144$7,440$6,791$6,196$5,649$4,625
10 years$7,255$6,558$5,921$5,341$4,813$3,840
11 years$6,528$5,838$5,213$4,648$4,140$3,216
12 years$5,923$5,240$4,626$4,077$3,587$2,712
13 years$5,411$4,735$4,133$3,599$3,128$2,301
14 years$4,973$4,304$3,714$3,195$2,742$1,960
15 years$4,594$3,932$3,353$2,849$2,414$1,677
16 years$4,262$3,608$3,040$2,551$2,134$1,439
17 years$3,970$3,322$2,766$2,292$1,892$1,238
18 years$3,710$3,070$2,525$2,066$1,682$1,068
19 years$3,478$2,845$2,312$1,867$1,499$923
20 years$3,270$2,644$2,122$1,691$1,339$799
21 years$3,081$2,463$1,951$1,534$1,199$693
22 years$2,910$2,299$1,799$1,395$1,074$601
23 years$2,754$2,150$1,661$1,271$964$522
24 years$2,611$2,015$1,536$1,159$867$454
25 years$2,480$1,891$1,422$1,058$780$395
26 years$2,359$1,777$1,319$968$703$344
27 years$2,248$1,672$1,225$886$633$300
28 years$2,144$1,576$1,139$812$572$262
29 years$2,048$1,486$1,060$744$516$228
30 years$1,958$1,404$987$683$466$199
31 years$1,875$1,327$920$627$422$174
32 years$1,796$1,256$859$576$381$152
33 years$1,723$1,189$802$530$345$132
34 years$1,654$1,127$749$488$312$116
35 years$1,589$1,069$700$449$283$101
36 years$1,528$1,015$655$414$256$88
37 years$1,470$964$613$381$232$77
38 years$1,416$916$574$351$211$68
39 years$1,364$871$538$324$191$59
40 years$1,315$829$504$299$173$52
41 years$1,269$789$473$276$157$45
42 years$1,225$751$444$254$143$39
43 years$1,183$716$416$235$129$34
44 years$1,143$682$391$217$118$30
45 years$1,105$651$367$200$107$26
46 years$1,069$621$345$185$97$23
47 years$1,034$592$324$171$88$20
48 years$1,001$565$304$158$80$18
49 years$969$540$286$146$73$15
50 years$939$516$269$135$66$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $962,000, adding $3,341 every year, while hoping to spend $49,060 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: 56/36/8 Blend
44$962,000$962,000$962,000$962,000
45$1,063,570$1,012,584$997,673$1,120,964
46$1,119,855$1,010,001$978,896$1,157,479
47$1,180,236$1,005,648$957,845$1,191,485
48$1,245,081$999,385$934,393$1,227,328
49$1,314,790$991,065$908,406$1,265,192
50$1,389,804$980,533$879,744$1,305,278
51$1,470,609$967,624$848,260$1,347,810
52$1,557,735$952,162$813,801$1,393,038
53$1,651,768$933,962$776,207$1,441,240
54$1,753,350$912,827$735,311$1,492,723
55$1,863,185$888,549$690,938$1,547,831
56$1,982,050$860,908$642,904$1,606,943
57$2,110,797$829,671$591,019$1,670,483
58$2,250,363$794,589$535,083$1,738,918
59$2,401,779$755,404$474,888$1,812,770
60$2,566,179$711,837$410,215$1,892,615
61$2,744,810$663,597$340,837$1,979,095
62$2,939,042$610,375$266,517$2,072,919
63$3,150,386$551,845$187,007$2,174,875
64$3,380,501$487,661$102,047$2,285,836
65$3,631,213$417,458$11,367$2,406,770
66$3,904,535$340,851$0$2,538,748
67$4,202,678$257,433$0$2,690,249
68$4,528,077$166,773$0$2,856,806
69$4,883,414$68,419$0$3,038,932
70$5,271,640$0$0$3,238,267
71$5,696,004$0$0$3,471,721
72$6,160,083$0$0$3,756,746
73$6,667,814$0$0$4,068,668
74$7,223,536$0$0$4,410,160
75$7,832,023$0$0$4,784,169
76$8,498,533$0$0$5,193,938
77$9,228,859$0$0$5,643,041
78$10,029,377$0$0$6,135,410
79$10,907,112$0$0$6,675,379
80$11,869,800$0$0$7,267,721
81$12,925,962$0$0$7,917,693
82$14,084,984$0$0$8,631,085
83$15,357,205$0$0$9,414,275
84$16,754,012$0$0$10,274,289
85$18,287,951$0$0$11,218,867
86$19,972,839$0$0$12,256,535
87$21,823,901$0$0$13,396,686
88$23,857,907$0$0$14,649,666
89$26,093,332$0$0$16,026,876
90$28,550,531$0$0$17,540,874
91$31,251,929$0$0$19,205,496
92$34,222,230$0$0$21,035,986
93$37,488,654$0$0$23,049,140
94$41,081,190$0$0$25,263,461
95$45,032,878$0$0$27,699,337
96$49,380,122$0$0$30,379,231
97$54,163,033$0$0$33,327,892
98$59,425,804$0$0$36,572,592
99$65,217,129$0$0$40,143,376
100$71,590,662$0$0$44,073,353