Can I retire at age 45 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$80,102$79,388$78,692$78,013$77,349$75,418
2 years$39,654$38,916$38,200$37,506$36,833$34,900
3 years$26,174$25,432$24,718$24,030$23,368$21,493
4 years$19,435$18,695$17,988$17,313$16,666$14,864
5 years$15,392$14,657$13,960$13,298$12,670$10,945
6 years$12,698$11,969$11,282$10,634$10,025$8,380
7 years$10,775$10,051$9,375$8,743$8,153$6,587
8 years$9,333$8,616$7,951$7,334$6,764$5,277
9 years$8,212$7,502$6,848$6,247$5,696$4,287
10 years$7,315$6,612$5,970$5,385$4,853$3,520
11 years$6,583$5,887$5,256$4,687$4,174$2,915
12 years$5,972$5,283$4,665$4,111$3,617$2,430
13 years$5,456$4,775$4,168$3,629$3,154$2,036
14 years$5,015$4,340$3,745$3,222$2,765$1,714
15 years$4,632$3,965$3,381$2,873$2,434$1,448
16 years$4,297$3,638$3,065$2,573$2,152$1,227
17 years$4,003$3,350$2,789$2,311$1,908$1,042
18 years$3,741$3,096$2,546$2,083$1,696$887
19 years$3,507$2,869$2,331$1,882$1,512$756
20 years$3,297$2,666$2,139$1,705$1,350$646
21 years$3,107$2,483$1,968$1,547$1,209$552
22 years$2,934$2,318$1,814$1,407$1,083$473
23 years$2,777$2,168$1,674$1,281$972$405
24 years$2,633$2,031$1,549$1,168$874$347
25 years$2,501$1,906$1,434$1,067$786$298
26 years$2,379$1,792$1,330$976$708$256
27 years$2,266$1,686$1,235$893$639$220
28 years$2,162$1,589$1,148$818$576$189
29 years$2,065$1,499$1,069$750$520$162
30 years$1,975$1,415$995$689$470$139
31 years$1,890$1,338$928$632$425$120
32 years$1,811$1,266$866$581$385$103
33 years$1,737$1,199$808$535$348$89
34 years$1,668$1,136$755$492$315$76
35 years$1,602$1,078$706$453$285$66
36 years$1,541$1,023$661$417$259$57
37 years$1,482$972$618$384$234$49
38 years$1,427$923$579$354$212$42
39 years$1,375$878$542$326$193$36
40 years$1,326$835$508$301$175$31
41 years$1,279$795$477$278$159$27
42 years$1,235$757$447$256$144$23
43 years$1,193$722$420$237$131$20
44 years$1,152$688$394$219$119$17
45 years$1,114$656$370$202$108$15
46 years$1,078$626$347$186$98$13
47 years$1,043$597$326$172$89$11
48 years$1,009$570$307$159$81$9
49 years$978$544$288$147$73$8
50 years$947$520$271$136$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $970,000, adding $2,844 every year, while hoping to spend $35,369 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: 28/44/28 Blend
44$970,000$970,000$970,000$970,000
45$1,071,874$1,020,464$1,005,429$1,092,519
46$1,143,572$1,032,834$1,001,478$1,121,622
47$1,221,399$1,044,625$996,210$1,149,625
48$1,305,941$1,055,771$989,542$1,178,999
49$1,397,845$1,066,202$981,390$1,209,888
50$1,497,823$1,075,843$971,664$1,242,449
51$1,606,656$1,084,615$960,270$1,276,862
52$1,725,206$1,092,432$947,110$1,313,324
53$1,854,420$1,099,204$932,081$1,352,056
54$1,995,341$1,104,835$915,076$1,393,305
55$2,149,117$1,109,223$895,982$1,437,344
56$2,317,010$1,112,259$874,682$1,484,480
57$2,500,413$1,113,827$851,051$1,535,052
58$2,700,855$1,113,805$824,961$1,589,440
59$2,920,023$1,112,062$796,277$1,648,063
60$3,159,771$1,108,459$764,859$1,711,391
61$3,422,144$1,102,849$730,558$1,779,942
62$3,709,391$1,095,077$693,220$1,854,295
63$4,023,990$1,084,978$652,684$1,935,092
64$4,368,670$1,072,375$608,782$2,023,045
65$4,746,436$1,057,082$561,338$2,118,944
66$5,160,597$1,038,904$510,167$2,223,666
67$5,614,799$1,017,631$455,078$2,338,185
68$6,113,055$993,041$395,870$2,463,579
69$6,659,788$964,902$332,333$2,601,044
70$7,259,868$932,964$264,248$2,751,905
71$7,918,661$896,966$191,388$2,917,631
72$8,642,078$856,630$113,512$3,099,849
73$9,436,627$811,663$30,372$3,300,359
74$10,309,483$761,753$0$3,521,157
75$11,268,544$706,574$0$3,781,883
76$12,322,516$645,776$0$4,078,365
77$13,480,987$578,994$0$4,404,308
78$14,754,522$505,838$0$4,762,791
79$16,154,759$425,901$0$5,157,217
80$17,694,522$338,747$0$5,591,341
81$19,387,938$243,920$0$6,069,311
82$21,250,572$140,937$0$6,595,706
83$23,299,574$29,287$0$7,175,581
84$25,553,841$0$0$7,814,517
85$28,034,190$0$0$8,563,010
86$30,763,561$0$0$9,402,437
87$33,767,230$0$0$10,326,415
88$37,073,045$0$0$11,343,534
89$40,711,692$0$0$12,463,260
90$44,716,983$0$0$13,696,022
91$49,126,174$0$0$15,053,314
92$53,980,316$0$0$16,547,798
93$59,324,644$0$0$18,193,431
94$65,209,000$0$0$20,005,586
95$71,688,308$0$0$22,001,210
96$78,823,087$0$0$24,198,971
97$86,680,025$0$0$26,619,443
98$95,332,605$0$0$29,285,297
99$104,861,802$0$0$32,221,514
100$115,356,843$0$0$35,455,623