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%17%
1 years$80,102$79,388$78,692$78,013$77,349$75,144
2 years$39,654$38,916$38,200$37,506$36,833$34,629
3 years$26,174$25,432$24,718$24,030$23,368$21,234
4 years$19,435$18,695$17,988$17,313$16,666$14,618
5 years$15,392$14,657$13,960$13,298$12,670$10,713
6 years$12,698$11,969$11,282$10,634$10,025$8,162
7 years$10,775$10,051$9,375$8,743$8,153$6,383
8 years$9,333$8,616$7,951$7,334$6,764$5,087
9 years$8,212$7,502$6,848$6,247$5,696$4,110
10 years$7,315$6,612$5,970$5,385$4,853$3,356
11 years$6,583$5,887$5,256$4,687$4,174$2,763
12 years$5,972$5,283$4,665$4,111$3,617$2,289
13 years$5,456$4,775$4,168$3,629$3,154$1,907
14 years$5,015$4,340$3,745$3,222$2,765$1,595
15 years$4,632$3,965$3,381$2,873$2,434$1,339
16 years$4,297$3,638$3,065$2,573$2,152$1,127
17 years$4,003$3,350$2,789$2,311$1,908$951
18 years$3,741$3,096$2,546$2,083$1,696$804
19 years$3,507$2,869$2,331$1,882$1,512$681
20 years$3,297$2,666$2,139$1,705$1,350$578
21 years$3,107$2,483$1,968$1,547$1,209$491
22 years$2,934$2,318$1,814$1,407$1,083$417
23 years$2,777$2,168$1,674$1,281$972$355
24 years$2,633$2,031$1,549$1,168$874$302
25 years$2,501$1,906$1,434$1,067$786$257
26 years$2,379$1,792$1,330$976$708$219
27 years$2,266$1,686$1,235$893$639$187
28 years$2,162$1,589$1,148$818$576$159
29 years$2,065$1,499$1,069$750$520$136
30 years$1,975$1,415$995$689$470$116
31 years$1,890$1,338$928$632$425$99
32 years$1,811$1,266$866$581$385$85
33 years$1,737$1,199$808$535$348$72
34 years$1,668$1,136$755$492$315$62
35 years$1,602$1,078$706$453$285$53
36 years$1,541$1,023$661$417$259$45
37 years$1,482$972$618$384$234$38
38 years$1,427$923$579$354$212$33
39 years$1,375$878$542$326$193$28
40 years$1,326$835$508$301$175$24
41 years$1,279$795$477$278$159$20
42 years$1,235$757$447$256$144$18
43 years$1,193$722$420$237$131$15
44 years$1,152$688$394$219$119$13
45 years$1,114$656$370$202$108$11
46 years$1,078$626$347$186$98$9
47 years$1,043$597$326$172$89$8
48 years$1,009$570$307$159$81$7
49 years$978$544$288$147$73$6
50 years$947$520$271$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $970,000, adding $6,473 every year, while hoping to spend $36,418 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: 67/14/19 Blend
44$970,000$970,000$970,000$970,000
45$1,075,617$1,024,207$1,009,172$1,142,207
46$1,146,581$1,035,645$1,004,231$1,199,018
47$1,223,564$1,046,422$997,903$1,256,297
48$1,307,139$1,056,469$990,105$1,318,051
49$1,397,940$1,065,709$980,747$1,384,718
50$1,496,664$1,074,062$969,735$1,456,784
51$1,604,076$1,081,443$956,973$1,534,781
52$1,721,018$1,087,760$942,359$1,619,298
53$1,848,418$1,092,917$925,784$1,710,985
54$1,987,296$1,096,810$907,138$1,810,559
55$2,138,776$1,099,329$886,302$1,918,808
56$2,304,093$1,100,358$863,155$2,036,606
57$2,484,608$1,099,773$837,568$2,164,913
58$2,681,819$1,097,443$809,408$2,304,790
59$2,897,375$1,093,227$778,533$2,457,405
60$3,133,090$1,086,979$744,797$2,624,050
61$3,390,964$1,078,539$708,046$2,806,147
62$3,673,197$1,067,743$668,121$3,005,264
63$3,982,214$1,054,413$624,854$3,223,133
64$4,320,682$1,038,362$578,069$3,461,662
65$4,691,542$1,019,391$527,583$3,722,957
66$5,098,028$997,290$473,207$4,009,338
67$5,543,706$971,837$414,739$4,323,366
68$6,032,503$942,795$351,971$4,667,865
69$6,568,742$909,916$284,685$5,045,947
70$7,157,186$872,935$212,655$5,461,047
71$7,803,082$831,572$135,642$5,916,950
72$8,512,210$785,532$53,399$6,417,833
73$9,290,934$734,502$0$6,968,297
74$10,146,269$678,152$0$7,580,389
75$11,085,939$616,132$0$8,264,743
76$12,118,455$548,073$0$9,016,751
77$13,253,193$473,583$0$9,843,278
78$14,500,481$392,252$0$10,751,891
79$15,871,701$303,643$0$11,750,925
80$17,379,387$207,294$0$12,849,571
81$19,037,355$102,722$0$14,057,955
82$20,860,821$0$0$15,387,237
83$22,866,552$0$0$16,851,349
84$25,073,024$0$0$18,479,469
85$27,500,588$0$0$20,270,799
86$30,171,673$0$0$22,241,897
87$33,110,989$0$0$24,411,007
88$36,345,761$0$0$26,798,230
89$39,905,990$0$0$29,425,715
90$43,824,731$0$0$32,317,866
91$48,138,405$0$0$35,501,574
92$52,887,146$0$0$39,006,470
93$58,115,176$0$0$42,865,203
94$63,871,221$0$0$47,113,749
95$70,208,974$0$0$51,791,751
96$77,187,599$0$0$56,942,889
97$84,872,288$0$0$62,615,297
98$93,334,880$0$0$68,862,014
99$102,654,534$0$0$75,741,485
100$112,918,476$0$0$83,318,111