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%14.3%
1 years$80,267$79,552$78,854$78,173$77,509$76,131
2 years$39,736$38,996$38,279$37,583$36,909$35,525
3 years$26,228$25,484$24,769$24,080$23,417$22,070
4 years$19,475$18,734$18,025$17,348$16,701$15,403
5 years$15,424$14,687$13,988$13,325$12,696$11,449
6 years$12,724$11,993$11,305$10,656$10,046$8,852
7 years$10,797$10,072$9,394$8,761$8,170$7,029
8 years$9,352$8,634$7,967$7,349$6,778$5,690
9 years$8,229$7,517$6,862$6,260$5,708$4,673
10 years$7,330$6,626$5,983$5,396$4,863$3,880
11 years$6,596$5,899$5,267$4,696$4,183$3,250
12 years$5,985$5,294$4,674$4,119$3,625$2,741
13 years$5,468$4,785$4,176$3,637$3,161$2,325
14 years$5,025$4,349$3,752$3,228$2,771$1,981
15 years$4,641$3,973$3,388$2,879$2,439$1,694
16 years$4,306$3,645$3,072$2,578$2,156$1,454
17 years$4,011$3,357$2,795$2,316$1,912$1,251
18 years$3,749$3,102$2,551$2,087$1,700$1,079
19 years$3,514$2,875$2,336$1,886$1,515$933
20 years$3,304$2,671$2,144$1,708$1,353$807
21 years$3,113$2,488$1,972$1,550$1,211$700
22 years$2,940$2,323$1,817$1,410$1,086$607
23 years$2,783$2,172$1,678$1,284$974$528
24 years$2,638$2,035$1,552$1,171$876$459
25 years$2,506$1,910$1,437$1,069$788$399
26 years$2,384$1,795$1,333$978$710$348
27 years$2,271$1,690$1,238$895$640$303
28 years$2,166$1,592$1,151$820$578$264
29 years$2,069$1,502$1,071$752$521$230
30 years$1,979$1,418$997$690$471$201
31 years$1,894$1,341$930$634$426$176
32 years$1,815$1,269$868$582$385$153
33 years$1,741$1,202$810$536$349$134
34 years$1,671$1,139$757$493$316$117
35 years$1,606$1,080$708$454$286$102
36 years$1,544$1,025$662$418$259$89
37 years$1,485$974$620$385$235$78
38 years$1,430$925$580$355$213$68
39 years$1,378$880$544$327$193$60
40 years$1,329$837$510$302$175$52
41 years$1,282$797$478$278$159$46
42 years$1,237$759$448$257$144$40
43 years$1,195$723$421$237$131$35
44 years$1,155$689$395$219$119$30
45 years$1,116$657$371$202$108$27
46 years$1,080$627$348$187$98$23
47 years$1,045$598$327$173$89$20
48 years$1,012$571$307$159$81$18
49 years$980$545$289$147$73$16
50 years$949$521$272$136$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $972,000, adding $6,087 every year, while hoping to spend $47,178 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: 40/49/11 Blend
44$972,000$972,000$972,000$972,000
45$1,077,423$1,025,907$1,010,841$1,116,742
46$1,137,123$1,025,979$994,507$1,145,106
47$1,201,331$1,024,474$976,045$1,170,645
48$1,270,458$1,021,264$955,333$1,197,223
49$1,344,953$1,016,214$932,245$1,224,955
50$1,425,311$1,009,182$906,648$1,253,971
51$1,512,075$1,000,014$878,404$1,284,417
52$1,605,844$988,552$847,367$1,316,456
53$1,707,272$974,623$813,385$1,350,273
54$1,817,081$958,046$776,301$1,386,075
55$1,936,064$938,631$735,948$1,424,094
56$2,065,093$916,175$692,153$1,464,592
57$2,205,126$890,462$644,734$1,507,859
58$2,357,220$861,265$593,503$1,554,222
59$2,522,532$828,343$538,262$1,604,046
60$2,702,340$791,441$478,803$1,657,741
61$2,898,048$750,291$414,912$1,715,760
62$3,111,199$704,606$346,362$1,778,615
63$3,343,495$654,085$272,919$1,846,871
64$3,596,807$598,410$194,337$1,921,163
65$3,873,193$537,244$110,358$2,002,196
66$4,174,919$470,230$20,717$2,090,756
67$4,504,482$396,992$0$2,187,717
68$4,864,627$317,133$0$2,302,849
69$5,258,379$230,232$0$2,431,606
70$5,689,067$135,847$0$2,572,792
71$6,160,356$33,508$0$2,727,783
72$6,676,283$0$0$2,898,103
73$7,241,294$0$0$3,127,112
74$7,860,282$0$0$3,397,919
75$8,538,640$0$0$3,694,832
76$9,282,302$0$0$4,020,465
77$10,097,809$0$0$4,377,698
78$10,992,363$0$0$4,769,705
79$11,973,895$0$0$5,199,979
80$13,051,142$0$0$5,672,369
81$14,233,731$0$0$6,191,116
82$15,532,261$0$0$6,760,890
83$16,958,413$0$0$7,386,837
84$18,525,050$0$0$8,074,625
85$20,246,347$0$0$8,830,499
86$22,137,915$0$0$9,661,339
87$24,216,956$0$0$10,574,723
88$26,502,420$0$0$11,579,002
89$29,015,184$0$0$12,683,375
90$31,778,250$0$0$13,897,980
91$34,816,960$0$0$15,233,982
92$38,159,234$0$0$16,703,686
93$41,835,835$0$0$18,320,649
94$45,880,656$0$0$20,099,808
95$50,331,042$0$0$22,057,620
96$55,228,140$0$0$24,212,219
97$60,617,288$0$0$26,583,587
98$66,548,438$0$0$29,193,738
99$73,076,634$0$0$32,066,931
100$80,262,523$0$0$35,229,895