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%13.9%
1 years$80,102$79,388$78,692$78,013$77,349$76,099
2 years$39,654$38,916$38,200$37,506$36,833$35,577
3 years$26,174$25,432$24,718$24,030$23,368$22,146
4 years$19,435$18,695$17,988$17,313$16,666$15,486
5 years$15,392$14,657$13,960$13,298$12,670$11,535
6 years$12,698$11,969$11,282$10,634$10,025$8,938
7 years$10,775$10,051$9,375$8,743$8,153$7,114
8 years$9,333$8,616$7,951$7,334$6,764$5,772
9 years$8,212$7,502$6,848$6,247$5,696$4,751
10 years$7,315$6,612$5,970$5,385$4,853$3,955
11 years$6,583$5,887$5,256$4,687$4,174$3,320
12 years$5,972$5,283$4,665$4,111$3,617$2,808
13 years$5,456$4,775$4,168$3,629$3,154$2,388
14 years$5,015$4,340$3,745$3,222$2,765$2,040
15 years$4,632$3,965$3,381$2,873$2,434$1,750
16 years$4,297$3,638$3,065$2,573$2,152$1,506
17 years$4,003$3,350$2,789$2,311$1,908$1,300
18 years$3,741$3,096$2,546$2,083$1,696$1,124
19 years$3,507$2,869$2,331$1,882$1,512$974
20 years$3,297$2,666$2,139$1,705$1,350$846
21 years$3,107$2,483$1,968$1,547$1,209$736
22 years$2,934$2,318$1,814$1,407$1,083$640
23 years$2,777$2,168$1,674$1,281$972$558
24 years$2,633$2,031$1,549$1,168$874$487
25 years$2,501$1,906$1,434$1,067$786$425
26 years$2,379$1,792$1,330$976$708$371
27 years$2,266$1,686$1,235$893$639$325
28 years$2,162$1,589$1,148$818$576$284
29 years$2,065$1,499$1,069$750$520$248
30 years$1,975$1,415$995$689$470$218
31 years$1,890$1,338$928$632$425$191
32 years$1,811$1,266$866$581$385$167
33 years$1,737$1,199$808$535$348$146
34 years$1,668$1,136$755$492$315$128
35 years$1,602$1,078$706$453$285$112
36 years$1,541$1,023$661$417$259$99
37 years$1,482$972$618$384$234$86
38 years$1,427$923$579$354$212$76
39 years$1,375$878$542$326$193$66
40 years$1,326$835$508$301$175$58
41 years$1,279$795$477$278$159$51
42 years$1,235$757$447$256$144$45
43 years$1,193$722$420$237$131$39
44 years$1,152$688$394$219$119$35
45 years$1,114$656$370$202$108$30
46 years$1,078$626$347$186$98$27
47 years$1,043$597$326$172$89$23
48 years$1,009$570$307$159$81$21
49 years$978$544$288$147$73$18
50 years$947$520$271$136$66$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $970,000, adding $3,543 every year, while hoping to spend $41,419 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: 56/37/7 Blend
44$970,000$970,000$970,000$970,000
45$1,072,595$1,021,185$1,006,150$1,130,778
46$1,137,930$1,027,153$995,786$1,176,368
47$1,208,541$1,032,026$983,687$1,221,067
48$1,284,922$1,035,706$969,751$1,268,735
49$1,367,618$1,038,089$953,871$1,319,659
50$1,457,225$1,039,065$935,936$1,374,156
51$1,554,400$1,038,517$915,828$1,432,580
52$1,659,866$1,036,322$893,425$1,495,318
53$1,774,418$1,032,347$868,600$1,562,801
54$1,898,928$1,026,452$841,219$1,635,504
55$2,034,360$1,018,489$811,141$1,713,953
56$2,181,771$1,008,302$778,220$1,798,730
57$2,342,325$995,721$742,304$1,890,477
58$2,517,303$980,572$703,231$1,989,904
59$2,708,114$962,667$660,836$2,097,797
60$2,916,311$941,806$614,943$2,215,024
61$3,143,600$917,781$565,370$2,342,544
62$3,391,863$890,368$511,925$2,481,417
63$3,663,169$859,331$454,410$2,632,815
64$3,959,795$824,422$392,616$2,798,031
65$4,284,252$785,376$326,326$2,978,498
66$4,639,300$741,914$255,313$3,175,793
67$5,027,983$693,742$179,339$3,391,664
68$5,453,648$640,546$98,158$3,628,037
69$5,919,985$581,997$11,511$3,887,043
70$6,431,055$517,747$0$4,171,033
71$6,991,332$447,426$0$4,488,653
72$7,605,743$370,645$0$4,838,033
73$8,279,715$286,993$0$5,221,503
74$9,019,225$196,034$0$5,642,582
75$9,830,856$97,311$0$6,105,156
76$10,721,862$0$0$6,613,512
77$11,700,230$0$0$7,176,315
78$12,774,761$0$0$7,838,039
79$13,955,150$0$0$8,565,047
80$15,252,075$0$0$9,363,926
81$16,677,301$0$0$10,241,936
82$18,243,790$0$0$11,207,074
83$19,965,822$0$0$12,268,151
84$21,859,127$0$0$13,434,873
85$23,941,038$0$0$14,717,935
86$26,230,651$0$0$16,129,119
87$28,749,005$0$0$17,681,408
88$31,519,281$0$0$19,389,105
89$34,567,017$0$0$21,267,968
90$37,920,354$0$0$23,335,363
91$41,610,299$0$0$25,610,421
92$45,671,013$0$0$28,114,223
93$50,140,138$0$0$30,869,996
94$55,059,150$0$0$33,903,334
95$60,473,751$0$0$37,242,436
96$66,434,295$0$0$40,918,378
97$72,996,270$0$0$44,965,398
98$80,220,816$0$0$49,421,225
99$88,175,301$0$0$54,327,430
100$96,933,960$0$0$59,729,824