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%12.8%
1 years$80,267$79,552$78,854$78,173$77,509$76,604
2 years$39,736$38,996$38,279$37,583$36,909$35,998
3 years$26,228$25,484$24,769$24,080$23,417$22,528
4 years$19,475$18,734$18,025$17,348$16,701$15,841
5 years$15,424$14,687$13,988$13,325$12,696$11,868
6 years$12,724$11,993$11,305$10,656$10,046$9,251
7 years$10,797$10,072$9,394$8,761$8,170$7,408
8 years$9,352$8,634$7,967$7,349$6,778$6,049
9 years$8,229$7,517$6,862$6,260$5,708$5,012
10 years$7,330$6,626$5,983$5,396$4,863$4,199
11 years$6,596$5,899$5,267$4,696$4,183$3,550
12 years$5,985$5,294$4,674$4,119$3,625$3,023
13 years$5,468$4,785$4,176$3,637$3,161$2,590
14 years$5,025$4,349$3,752$3,228$2,771$2,229
15 years$4,641$3,973$3,388$2,879$2,439$1,926
16 years$4,306$3,645$3,072$2,578$2,156$1,670
17 years$4,011$3,357$2,795$2,316$1,912$1,453
18 years$3,749$3,102$2,551$2,087$1,700$1,267
19 years$3,514$2,875$2,336$1,886$1,515$1,107
20 years$3,304$2,671$2,144$1,708$1,353$969
21 years$3,113$2,488$1,972$1,550$1,211$849
22 years$2,940$2,323$1,817$1,410$1,086$746
23 years$2,783$2,172$1,678$1,284$974$655
24 years$2,638$2,035$1,552$1,171$876$577
25 years$2,506$1,910$1,437$1,069$788$508
26 years$2,384$1,795$1,333$978$710$448
27 years$2,271$1,690$1,238$895$640$395
28 years$2,166$1,592$1,151$820$578$348
29 years$2,069$1,502$1,071$752$521$308
30 years$1,979$1,418$997$690$471$272
31 years$1,894$1,341$930$634$426$240
32 years$1,815$1,269$868$582$385$212
33 years$1,741$1,202$810$536$349$188
34 years$1,671$1,139$757$493$316$166
35 years$1,606$1,080$708$454$286$147
36 years$1,544$1,025$662$418$259$130
37 years$1,485$974$620$385$235$115
38 years$1,430$925$580$355$213$102
39 years$1,378$880$544$327$193$90
40 years$1,329$837$510$302$175$80
41 years$1,282$797$478$278$159$71
42 years$1,237$759$448$257$144$63
43 years$1,195$723$421$237$131$56
44 years$1,155$689$395$219$119$49
45 years$1,116$657$371$202$108$44
46 years$1,080$627$348$187$98$39
47 years$1,045$598$327$173$89$34
48 years$1,012$571$307$159$81$30
49 years$980$545$289$147$73$27
50 years$949$521$272$136$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $972,000, adding $6,255 every year, while hoping to spend $34,570 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: 50/36/14 Blend
44$972,000$972,000$972,000$972,000
45$1,077,596$1,026,080$1,011,014$1,127,055
46$1,150,729$1,039,576$1,008,101$1,175,196
47$1,230,162$1,052,574$1,003,931$1,223,354
48$1,316,503$1,065,014$998,427$1,274,917
49$1,410,417$1,076,831$991,506$1,330,216
50$1,512,639$1,087,956$983,081$1,389,615
51$1,623,976$1,098,313$973,062$1,453,520
52$1,745,317$1,107,826$961,354$1,522,376
53$1,877,639$1,116,408$947,859$1,596,676
54$2,022,018$1,123,972$932,472$1,676,965
55$2,179,638$1,130,422$915,085$1,763,842
56$2,351,804$1,135,655$895,583$1,857,973
57$2,539,952$1,139,566$873,848$1,960,090
58$2,745,660$1,142,038$849,756$2,071,003
59$2,970,670$1,142,950$823,175$2,191,605
60$3,216,897$1,142,173$793,970$2,322,884
61$3,486,450$1,139,570$761,998$2,465,930
62$3,781,653$1,134,994$727,110$2,621,946
63$4,105,064$1,128,290$689,150$2,792,260
64$4,459,499$1,119,295$647,955$2,978,341
65$4,848,062$1,107,834$603,355$3,181,806
66$5,274,169$1,093,724$555,173$3,404,444
67$5,741,585$1,076,767$503,222$3,648,228
68$6,254,456$1,056,757$447,309$3,915,336
69$6,817,346$1,033,474$387,230$4,208,172
70$7,435,287$1,006,686$322,774$4,529,388
71$8,113,819$976,147$253,719$4,881,914
72$8,859,046$941,595$179,836$5,268,980
73$9,677,691$902,755$100,882$5,694,152
74$10,577,160$859,335$16,607$6,161,365
75$11,565,614$811,026$0$6,674,961
76$12,652,043$757,503$0$7,250,684
77$13,846,349$698,418$0$7,886,224
78$15,159,445$633,408$0$8,584,973
79$16,603,350$562,087$0$9,353,408
80$18,191,309$484,047$0$10,198,672
81$19,937,914$398,857$0$11,128,643
82$21,859,243$306,062$0$12,152,007
83$23,973,008$205,182$0$13,278,343
84$26,298,727$95,708$0$14,518,212
85$28,857,904$0$0$15,883,261
86$31,674,234$0$0$17,395,400
87$34,773,823$0$0$19,101,475
88$38,185,438$0$0$20,979,420
89$41,940,775$0$0$23,046,697
90$46,074,760$0$0$25,322,549
91$50,625,877$0$0$27,828,177
92$55,636,529$0$0$30,586,946
93$61,153,442$0$0$33,624,599
94$67,228,103$0$0$36,969,502
95$73,917,246$0$0$40,652,915
96$81,283,384$0$0$44,709,279
97$89,395,407$0$0$49,176,551
98$98,329,221$0$0$54,096,552
99$108,168,471$0$0$59,515,369
100$119,005,330$0$0$65,483,787