Can I retire at age 45 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$80,184$79,470$78,773$78,093$77,429$74,801
2 years$39,695$38,956$38,239$37,545$36,871$34,249
3 years$26,201$25,458$24,743$24,055$23,392$20,860
4 years$19,455$18,714$18,007$17,330$16,684$14,260
5 years$15,408$14,672$13,974$13,311$12,683$10,373
6 years$12,711$11,981$11,293$10,645$10,035$7,843
7 years$10,786$10,062$9,385$8,752$8,161$6,085
8 years$9,342$8,625$7,959$7,342$6,771$4,809
9 years$8,220$7,509$6,855$6,254$5,702$3,852
10 years$7,323$6,619$5,976$5,391$4,858$3,118
11 years$6,589$5,893$5,261$4,692$4,178$2,544
12 years$5,979$5,289$4,669$4,115$3,621$2,089
13 years$5,462$4,780$4,172$3,633$3,157$1,723
14 years$5,020$4,345$3,748$3,225$2,768$1,428
15 years$4,637$3,969$3,384$2,876$2,437$1,187
16 years$4,302$3,641$3,068$2,575$2,154$989
17 years$4,007$3,354$2,792$2,314$1,910$826
18 years$3,745$3,099$2,549$2,085$1,698$691
19 years$3,511$2,872$2,333$1,884$1,513$579
20 years$3,300$2,669$2,141$1,707$1,352$486
21 years$3,110$2,486$1,970$1,549$1,210$408
22 years$2,937$2,320$1,815$1,408$1,084$343
23 years$2,780$2,170$1,676$1,282$973$289
24 years$2,636$2,033$1,550$1,170$875$243
25 years$2,503$1,908$1,436$1,068$787$205
26 years$2,381$1,793$1,332$977$709$173
27 years$2,269$1,688$1,237$894$639$145
28 years$2,164$1,590$1,150$819$577$123
29 years$2,067$1,500$1,070$751$521$103
30 years$1,977$1,417$996$689$471$87
31 years$1,892$1,339$929$633$426$74
32 years$1,813$1,267$867$582$385$62
33 years$1,739$1,200$809$535$348$52
34 years$1,669$1,138$756$492$315$44
35 years$1,604$1,079$707$453$286$37
36 years$1,542$1,024$661$417$259$32
37 years$1,484$973$619$385$235$27
38 years$1,429$924$580$354$213$22
39 years$1,377$879$543$327$193$19
40 years$1,328$836$509$301$175$16
41 years$1,281$796$477$278$159$14
42 years$1,236$758$448$257$144$11
43 years$1,194$722$420$237$131$10
44 years$1,154$689$394$219$119$8
45 years$1,115$657$370$202$108$7
46 years$1,079$626$348$187$98$6
47 years$1,044$598$327$172$89$5
48 years$1,010$571$307$159$81$4
49 years$979$545$289$147$73$4
50 years$948$521$271$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $971,000, adding $3,266 every year, while hoping to spend $26,553 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: 68/6/26 Blend
44$971,000$971,000$971,000$971,000
45$1,073,411$1,021,948$1,006,897$1,138,983
46$1,154,647$1,043,771$1,012,376$1,205,265
47$1,243,278$1,065,774$1,017,149$1,274,422
48$1,340,033$1,087,937$1,021,163$1,349,474
49$1,445,709$1,110,238$1,024,365$1,431,004
50$1,561,188$1,132,656$1,026,698$1,519,656
51$1,687,438$1,155,165$1,028,101$1,616,138
52$1,825,526$1,177,738$1,028,512$1,721,231
53$1,976,627$1,200,345$1,027,864$1,835,796
54$2,142,035$1,222,954$1,026,090$1,960,782
55$2,323,174$1,245,530$1,023,115$2,097,234
56$2,521,612$1,268,036$1,018,864$2,246,306
57$2,739,078$1,290,431$1,013,258$2,409,267
58$2,977,474$1,312,671$1,006,211$2,587,519
59$3,238,894$1,334,710$997,638$2,782,605
60$3,525,648$1,356,498$987,445$2,996,227
61$3,840,277$1,377,979$975,537$3,230,261
62$4,185,580$1,399,095$961,813$3,486,774
63$4,564,643$1,419,785$946,168$3,768,045
64$4,980,863$1,439,980$928,490$4,076,586
65$5,437,982$1,459,610$908,665$4,415,167
66$5,940,122$1,478,597$886,572$4,786,840
67$6,491,826$1,496,860$862,084$5,194,968
68$7,098,098$1,514,311$835,068$5,643,260
69$7,764,447$1,530,856$805,387$6,135,805
70$8,496,949$1,546,396$772,896$6,677,106
71$9,302,292$1,560,824$737,442$7,272,132
72$10,187,848$1,574,026$698,868$7,926,354
73$11,161,737$1,585,883$657,009$8,645,808
74$12,232,908$1,596,264$611,692$9,437,142
75$13,411,216$1,605,032$562,736$10,307,688
76$14,707,524$1,612,043$509,952$11,265,525
77$16,133,800$1,617,141$453,143$12,319,557
78$17,703,228$1,620,162$392,103$13,479,600
79$19,430,336$1,620,929$326,618$14,756,473
80$21,331,133$1,619,257$256,463$16,162,098
81$23,423,257$1,614,949$181,402$17,709,618
82$25,726,143$1,607,795$101,193$19,413,518
83$28,261,204$1,597,572$15,578$21,289,763
84$31,052,039$1,584,044$0$23,355,949
85$34,124,646$1,566,962$0$25,652,494
86$37,507,676$1,546,060$0$28,185,726
87$41,232,699$1,521,056$0$30,974,958
88$45,334,500$1,491,653$0$34,046,237
89$49,851,410$1,457,536$0$37,428,267
90$54,825,668$1,418,369$0$41,152,678
91$60,303,818$1,373,801$0$45,254,325
92$66,337,145$1,323,455$0$49,771,616
93$72,982,165$1,266,935$0$54,746,875
94$80,301,154$1,203,824$0$60,226,743
95$88,362,737$1,133,676$0$66,262,615
96$97,242,533$1,056,023$0$72,911,129
97$107,023,873$970,369$0$80,234,695
98$117,798,581$876,191$0$88,302,090
99$129,667,845$772,933$0$97,189,105
100$142,743,169$660,010$0$106,979,258