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%12.8%
1 years$80,184$79,470$78,773$78,093$77,429$76,525
2 years$39,695$38,956$38,239$37,545$36,871$35,961
3 years$26,201$25,458$24,743$24,055$23,392$22,505
4 years$19,455$18,714$18,007$17,330$16,684$15,825
5 years$15,408$14,672$13,974$13,311$12,683$11,856
6 years$12,711$11,981$11,293$10,645$10,035$9,241
7 years$10,786$10,062$9,385$8,752$8,161$7,400
8 years$9,342$8,625$7,959$7,342$6,771$6,043
9 years$8,220$7,509$6,855$6,254$5,702$5,006
10 years$7,323$6,619$5,976$5,391$4,858$4,195
11 years$6,589$5,893$5,261$4,692$4,178$3,547
12 years$5,979$5,289$4,669$4,115$3,621$3,020
13 years$5,462$4,780$4,172$3,633$3,157$2,587
14 years$5,020$4,345$3,748$3,225$2,768$2,227
15 years$4,637$3,969$3,384$2,876$2,437$1,924
16 years$4,302$3,641$3,068$2,575$2,154$1,669
17 years$4,007$3,354$2,792$2,314$1,910$1,451
18 years$3,745$3,099$2,549$2,085$1,698$1,265
19 years$3,511$2,872$2,333$1,884$1,513$1,106
20 years$3,300$2,669$2,141$1,707$1,352$968
21 years$3,110$2,486$1,970$1,549$1,210$848
22 years$2,937$2,320$1,815$1,408$1,084$745
23 years$2,780$2,170$1,676$1,282$973$655
24 years$2,636$2,033$1,550$1,170$875$576
25 years$2,503$1,908$1,436$1,068$787$507
26 years$2,381$1,793$1,332$977$709$447
27 years$2,269$1,688$1,237$894$639$394
28 years$2,164$1,590$1,150$819$577$348
29 years$2,067$1,500$1,070$751$521$307
30 years$1,977$1,417$996$689$471$271
31 years$1,892$1,339$929$633$426$240
32 years$1,813$1,267$867$582$385$212
33 years$1,739$1,200$809$535$348$188
34 years$1,669$1,138$756$492$315$166
35 years$1,604$1,079$707$453$286$147
36 years$1,542$1,024$661$417$259$130
37 years$1,484$973$619$385$235$115
38 years$1,429$924$580$354$213$102
39 years$1,377$879$543$327$193$90
40 years$1,328$836$509$301$175$80
41 years$1,281$796$477$278$159$71
42 years$1,236$758$448$257$144$63
43 years$1,194$722$420$237$131$55
44 years$1,154$689$394$219$119$49
45 years$1,115$657$370$202$108$44
46 years$1,079$626$348$187$98$39
47 years$1,044$598$327$172$89$34
48 years$1,010$571$307$159$81$30
49 years$979$545$289$147$73$27
50 years$948$521$271$136$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $971,000, adding $3,040 every year, while hoping to spend $53,281 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: 44/33/23 Blend
44$971,000$971,000$971,000$971,000
45$1,073,178$1,021,715$1,006,664$1,113,123
46$1,125,951$1,015,088$983,697$1,135,072
47$1,182,322$1,006,351$958,174$1,153,436
48$1,242,601$995,344$929,955$1,172,273
49$1,307,127$981,898$898,890$1,191,652
50$1,376,276$965,832$864,825$1,211,657
51$1,450,457$946,958$827,596$1,232,381
52$1,530,118$925,074$787,036$1,253,934
53$1,615,754$899,967$742,965$1,276,438
54$1,707,906$871,410$695,200$1,300,033
55$1,807,169$839,166$643,546$1,324,881
56$1,914,196$802,981$587,800$1,351,161
57$2,029,705$762,587$527,752$1,379,080
58$2,154,483$717,703$463,181$1,408,869
59$2,289,399$668,029$393,855$1,440,790
60$2,435,403$613,247$319,535$1,475,138
61$2,593,543$553,025$239,968$1,512,246
62$2,764,969$487,009$154,892$1,552,487
63$2,950,948$414,824$64,033$1,596,280
64$3,152,871$336,077$0$1,644,097
65$3,372,270$250,351$0$1,704,545
66$3,610,828$157,205$0$1,787,428
67$3,870,399$56,174$0$1,877,754
68$4,153,021$0$0$1,976,340
69$4,460,937$0$0$2,103,424
70$4,796,616$0$0$2,264,311
71$5,162,776$0$0$2,439,918
72$5,562,406$0$0$2,631,693
73$5,998,799$0$0$2,841,231
74$6,475,578$0$0$3,070,287
75$6,996,734$0$0$3,320,792
76$7,566,657$0$0$3,594,876
77$8,190,185$0$0$3,894,879
78$8,872,642$0$0$4,223,383
79$9,619,892$0$0$4,583,228
80$10,438,392$0$0$4,977,543
81$11,335,253$0$0$5,409,772
82$12,318,307$0$0$5,883,711
83$13,396,177$0$0$6,403,540
84$14,578,366$0$0$6,973,861
85$15,875,334$0$0$7,599,746
86$17,298,607$0$0$8,286,779
87$18,860,880$0$0$9,041,114
88$20,576,135$0$0$9,869,526
89$22,459,778$0$0$10,779,483
90$24,528,775$0$0$11,779,207
91$26,801,820$0$0$12,877,761
92$29,299,506$0$0$14,085,125
93$32,044,519$0$0$15,412,296
94$35,061,852$0$0$16,871,388
95$38,379,039$0$0$18,475,750
96$42,026,418$0$0$20,240,086
97$46,037,409$0$0$22,180,599
98$50,448,837$0$0$24,315,138
99$55,301,272$0$0$26,663,373
100$60,639,416$0$0$29,246,972