Can I retire at age 45 with 970,000?

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 $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%13.7%
1 years$80,102$79,388$78,692$78,013$77,349$76,162
2 years$39,654$38,916$38,200$37,506$36,833$35,640
3 years$26,174$25,432$24,718$24,030$23,368$22,206
4 years$19,435$18,695$17,988$17,313$16,666$15,544
5 years$15,392$14,657$13,960$13,298$12,670$11,591
6 years$12,698$11,969$11,282$10,634$10,025$8,991
7 years$10,775$10,051$9,375$8,743$8,153$7,164
8 years$9,333$8,616$7,951$7,334$6,764$5,819
9 years$8,212$7,502$6,848$6,247$5,696$4,796
10 years$7,315$6,612$5,970$5,385$4,853$3,997
11 years$6,583$5,887$5,256$4,687$4,174$3,360
12 years$5,972$5,283$4,665$4,111$3,617$2,845
13 years$5,456$4,775$4,168$3,629$3,154$2,422
14 years$5,015$4,340$3,745$3,222$2,765$2,073
15 years$4,632$3,965$3,381$2,873$2,434$1,780
16 years$4,297$3,638$3,065$2,573$2,152$1,534
17 years$4,003$3,350$2,789$2,311$1,908$1,326
18 years$3,741$3,096$2,546$2,083$1,696$1,148
19 years$3,507$2,869$2,331$1,882$1,512$997
20 years$3,297$2,666$2,139$1,705$1,350$867
21 years$3,107$2,483$1,968$1,547$1,209$755
22 years$2,934$2,318$1,814$1,407$1,083$658
23 years$2,777$2,168$1,674$1,281$972$574
24 years$2,633$2,031$1,549$1,168$874$502
25 years$2,501$1,906$1,434$1,067$786$439
26 years$2,379$1,792$1,330$976$708$384
27 years$2,266$1,686$1,235$893$639$336
28 years$2,162$1,589$1,148$818$576$295
29 years$2,065$1,499$1,069$750$520$258
30 years$1,975$1,415$995$689$470$226
31 years$1,890$1,338$928$632$425$199
32 years$1,811$1,266$866$581$385$174
33 years$1,737$1,199$808$535$348$153
34 years$1,668$1,136$755$492$315$134
35 years$1,602$1,078$706$453$285$118
36 years$1,541$1,023$661$417$259$104
37 years$1,482$972$618$384$234$91
38 years$1,427$923$579$354$212$80
39 years$1,375$878$542$326$193$70
40 years$1,326$835$508$301$175$62
41 years$1,279$795$477$278$159$54
42 years$1,235$757$447$256$144$48
43 years$1,193$722$420$237$131$42
44 years$1,152$688$394$219$119$37
45 years$1,114$656$370$202$108$32
46 years$1,078$626$347$186$98$28
47 years$1,043$597$326$172$89$25
48 years$1,009$570$307$159$81$22
49 years$978$544$288$147$73$19
50 years$947$520$271$136$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $970,000, adding $4,850 every year, while hoping to spend $49,738 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: 42/31/27 Blend
44$970,000$970,000$970,000$970,000
45$1,073,943$1,022,533$1,007,498$1,110,383
46$1,130,564$1,019,716$988,328$1,134,209
47$1,191,294$1,015,094$966,849$1,154,933
48$1,256,498$1,008,527$942,931$1,176,418
49$1,326,580$999,863$916,438$1,198,763
50$1,401,981$988,946$887,229$1,222,083
51$1,483,185$975,607$855,153$1,246,506
52$1,570,725$959,667$820,056$1,272,177
53$1,665,187$940,938$781,776$1,299,260
54$1,767,213$919,221$740,142$1,327,940
55$1,877,508$894,302$694,976$1,358,426
56$1,996,850$865,959$646,094$1,390,953
57$2,126,092$833,954$593,301$1,425,785
58$2,266,172$798,037$536,395$1,463,217
59$2,418,121$757,940$475,164$1,503,582
60$2,583,074$713,384$409,387$1,547,253
61$2,762,279$664,071$338,833$1,594,645
62$2,957,109$609,688$263,261$1,646,225
63$3,169,073$549,902$182,419$1,702,513
64$3,399,833$484,361$96,045$1,764,093
65$3,651,217$412,696$3,864$1,831,611
66$3,925,238$334,515$0$1,905,794
67$4,224,109$249,403$0$2,014,674
68$4,550,267$156,923$0$2,134,882
69$4,906,395$56,613$0$2,266,394
70$5,295,447$0$0$2,410,417
71$5,720,673$0$0$2,586,031
72$6,185,652$0$0$2,799,298
73$6,694,325$0$0$3,032,726
74$7,251,031$0$0$3,288,324
75$7,860,549$0$0$3,568,299
76$8,528,141$0$0$3,875,086
77$9,259,599$0$0$4,211,364
78$10,061,306$0$0$4,580,084
79$10,940,291$0$0$4,984,497
80$11,904,292$0$0$5,428,184
81$12,961,837$0$0$5,915,087
82$14,122,316$0$0$6,449,552
83$15,396,071$0$0$7,036,362
84$16,794,499$0$0$7,680,789
85$18,330,149$0$0$8,388,640
86$20,016,847$0$0$9,166,310
87$21,869,825$0$0$10,020,846
88$23,905,861$0$0$10,960,011
89$26,143,440$0$0$11,992,358
90$28,602,927$0$0$13,127,309
91$31,306,756$0$0$14,375,244
92$34,279,645$0$0$15,747,601
93$37,548,826$0$0$17,256,979
94$41,144,303$0$0$18,917,263
95$45,099,131$0$0$20,743,748
96$49,449,732$0$0$22,753,287
97$54,236,235$0$0$24,964,450
98$59,502,854$0$0$27,397,697
99$65,298,306$0$0$30,075,572
100$71,676,267$0$0$33,022,914