Can I retire at age 45 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$80,267$79,552$78,854$78,173$77,509$76,635
2 years$39,736$38,996$38,279$37,583$36,909$36,030
3 years$26,228$25,484$24,769$24,080$23,417$22,559
4 years$19,475$18,734$18,025$17,348$16,701$15,871
5 years$15,424$14,687$13,988$13,325$12,696$11,897
6 years$12,724$11,993$11,305$10,656$10,046$9,278
7 years$10,797$10,072$9,394$8,761$8,170$7,434
8 years$9,352$8,634$7,967$7,349$6,778$6,073
9 years$8,229$7,517$6,862$6,260$5,708$5,035
10 years$7,330$6,626$5,983$5,396$4,863$4,221
11 years$6,596$5,899$5,267$4,696$4,183$3,571
12 years$5,985$5,294$4,674$4,119$3,625$3,043
13 years$5,468$4,785$4,176$3,637$3,161$2,608
14 years$5,025$4,349$3,752$3,228$2,771$2,246
15 years$4,641$3,973$3,388$2,879$2,439$1,943
16 years$4,306$3,645$3,072$2,578$2,156$1,686
17 years$4,011$3,357$2,795$2,316$1,912$1,467
18 years$3,749$3,102$2,551$2,087$1,700$1,280
19 years$3,514$2,875$2,336$1,886$1,515$1,119
20 years$3,304$2,671$2,144$1,708$1,353$980
21 years$3,113$2,488$1,972$1,550$1,211$860
22 years$2,940$2,323$1,817$1,410$1,086$756
23 years$2,783$2,172$1,678$1,284$974$665
24 years$2,638$2,035$1,552$1,171$876$585
25 years$2,506$1,910$1,437$1,069$788$516
26 years$2,384$1,795$1,333$978$710$455
27 years$2,271$1,690$1,238$895$640$402
28 years$2,166$1,592$1,151$820$578$355
29 years$2,069$1,502$1,071$752$521$313
30 years$1,979$1,418$997$690$471$277
31 years$1,894$1,341$930$634$426$245
32 years$1,815$1,269$868$582$385$217
33 years$1,741$1,202$810$536$349$192
34 years$1,671$1,139$757$493$316$170
35 years$1,606$1,080$708$454$286$151
36 years$1,544$1,025$662$418$259$133
37 years$1,485$974$620$385$235$118
38 years$1,430$925$580$355$213$105
39 years$1,378$880$544$327$193$93
40 years$1,329$837$510$302$175$82
41 years$1,282$797$478$278$159$73
42 years$1,237$759$448$257$144$65
43 years$1,195$723$421$237$131$57
44 years$1,155$689$395$219$119$51
45 years$1,116$657$371$202$108$45
46 years$1,080$627$348$187$98$40
47 years$1,045$598$327$173$89$35
48 years$1,012$571$307$159$81$31
49 years$980$545$289$147$73$28
50 years$949$521$272$136$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $972,000, adding $6,057 every year, while hoping to spend $45,689 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: 64/20/16 Blend
44$972,000$972,000$972,000$972,000
45$1,077,392$1,025,876$1,010,810$1,141,737
46$1,138,673$1,027,531$996,059$1,187,278
47$1,204,674$1,027,736$979,283$1,231,219
48$1,275,827$1,026,371$960,366$1,278,115
49$1,352,608$1,023,311$939,185$1,328,253
50$1,435,541$1,018,419$915,614$1,381,955
51$1,525,199$1,011,555$889,520$1,439,574
52$1,622,214$1,002,566$860,764$1,501,499
53$1,727,280$991,292$829,200$1,568,164
54$1,841,160$977,563$794,676$1,640,045
55$1,964,694$961,199$757,032$1,717,671
56$2,098,804$942,008$716,104$1,801,625
57$2,244,504$919,790$671,716$1,892,551
58$2,402,913$894,328$623,687$1,991,163
59$2,575,257$865,397$571,828$2,098,247
60$2,762,888$832,757$515,940$2,214,675
61$2,967,294$796,154$455,815$2,341,407
62$3,190,112$755,319$391,238$2,479,506
63$3,433,141$709,967$321,983$2,630,145
64$3,698,365$659,799$247,813$2,794,621
65$3,987,966$604,497$168,482$2,974,365
66$4,304,345$543,724$83,733$3,170,959
67$4,650,148$477,126$0$3,386,149
68$5,028,286$404,328$0$3,623,010
69$5,441,964$324,933$0$3,897,854
70$5,894,712$238,522$0$4,198,774
71$6,390,417$144,655$0$4,528,418
72$6,933,359$42,862$0$4,889,706
73$7,528,251$0$0$5,285,858
74$8,180,285$0$0$5,735,249
75$8,895,177$0$0$6,238,372
76$9,679,223$0$0$6,790,235
77$10,539,360$0$0$7,395,728
78$11,483,226$0$0$8,060,237
79$12,519,234$0$0$8,789,696
80$13,656,655$0$0$9,590,640
81$14,905,696$0$0$10,470,268
82$16,277,606$0$0$11,436,512
83$17,784,773$0$0$12,498,109
84$19,440,848$0$0$13,664,684
85$21,260,866$0$0$14,946,839
86$23,261,393$0$0$16,356,258
87$25,460,679$0$0$17,905,811
88$27,878,831$0$0$19,609,675
89$30,538,002$0$0$21,483,475
90$33,462,596$0$0$23,544,420
91$36,679,506$0$0$25,811,476
92$40,218,358$0$0$28,305,535
93$44,111,795$0$0$31,049,619
94$48,395,784$0$0$34,069,092
95$53,109,955$0$0$37,391,902
96$58,297,972$0$0$41,048,844
97$64,007,947$0$0$45,073,847
98$70,292,892$0$0$49,504,299
99$77,211,219$0$0$54,381,393
100$84,827,293$0$0$59,750,522