Can I retire at age 45 with 972,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$80,267$79,552$78,854$78,173$77,509$75,512
2 years$39,736$38,996$38,279$37,583$36,909$34,911
3 years$26,228$25,484$24,769$24,080$23,417$21,479
4 years$19,475$18,734$18,025$17,348$16,701$14,839
5 years$15,424$14,687$13,988$13,325$12,696$10,915
6 years$12,724$11,993$11,305$10,656$10,046$8,348
7 years$10,797$10,072$9,394$8,761$8,170$6,555
8 years$9,352$8,634$7,967$7,349$6,778$5,245
9 years$8,229$7,517$6,862$6,260$5,708$4,255
10 years$7,330$6,626$5,983$5,396$4,863$3,490
11 years$6,596$5,899$5,267$4,696$4,183$2,886
12 years$5,985$5,294$4,674$4,119$3,625$2,403
13 years$5,468$4,785$4,176$3,637$3,161$2,011
14 years$5,025$4,349$3,752$3,228$2,771$1,690
15 years$4,641$3,973$3,388$2,879$2,439$1,426
16 years$4,306$3,645$3,072$2,578$2,156$1,207
17 years$4,011$3,357$2,795$2,316$1,912$1,023
18 years$3,749$3,102$2,551$2,087$1,700$870
19 years$3,514$2,875$2,336$1,886$1,515$741
20 years$3,304$2,671$2,144$1,708$1,353$631
21 years$3,113$2,488$1,972$1,550$1,211$539
22 years$2,940$2,323$1,817$1,410$1,086$461
23 years$2,783$2,172$1,678$1,284$974$394
24 years$2,638$2,035$1,552$1,171$876$337
25 years$2,506$1,910$1,437$1,069$788$289
26 years$2,384$1,795$1,333$978$710$248
27 years$2,271$1,690$1,238$895$640$212
28 years$2,166$1,592$1,151$820$578$182
29 years$2,069$1,502$1,071$752$521$156
30 years$1,979$1,418$997$690$471$134
31 years$1,894$1,341$930$634$426$115
32 years$1,815$1,269$868$582$385$99
33 years$1,741$1,202$810$536$349$85
34 years$1,671$1,139$757$493$316$73
35 years$1,606$1,080$708$454$286$63
36 years$1,544$1,025$662$418$259$54
37 years$1,485$974$620$385$235$46
38 years$1,430$925$580$355$213$40
39 years$1,378$880$544$327$193$34
40 years$1,329$837$510$302$175$29
41 years$1,282$797$478$278$159$25
42 years$1,237$759$448$257$144$22
43 years$1,195$723$421$237$131$19
44 years$1,155$689$395$219$119$16
45 years$1,116$657$371$202$108$14
46 years$1,080$627$348$187$98$12
47 years$1,045$598$327$173$89$10
48 years$1,012$571$307$159$81$9
49 years$980$545$289$147$73$8
50 years$949$521$272$136$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $972,000, adding $5,146 every year, while hoping to spend $47,164 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: 35/36/29 Blend
44$972,000$972,000$972,000$972,000
45$1,076,452$1,024,936$1,009,870$1,104,583
46$1,136,068$1,024,976$993,519$1,126,190
47$1,200,184$1,023,437$975,039$1,144,899
48$1,269,210$1,020,192$954,309$1,164,187
49$1,343,594$1,015,106$931,203$1,184,137
50$1,423,830$1,008,036$905,588$1,204,846
51$1,510,461$998,830$877,326$1,226,426
52$1,604,082$987,327$846,271$1,249,000
53$1,705,349$973,357$812,271$1,272,713
54$1,814,981$956,737$775,169$1,297,725
55$1,933,770$937,278$734,797$1,324,221
56$2,062,585$914,775$690,984$1,352,408
57$2,202,384$889,015$643,547$1,382,518
58$2,354,219$859,768$592,298$1,414,817
59$2,519,248$826,795$537,038$1,449,599
60$2,698,744$789,841$477,561$1,487,198
61$2,894,108$748,636$413,652$1,527,989
62$3,106,883$702,894$345,085$1,572,390
63$3,338,764$652,315$271,624$1,620,872
64$3,591,619$596,579$193,025$1,673,962
65$3,867,502$535,350$109,029$1,732,247
66$4,168,676$468,271$19,371$1,796,386
67$4,497,631$394,966$0$1,867,113
68$4,857,107$315,037$0$1,968,860
69$5,250,122$228,064$0$2,086,862
70$5,679,998$133,603$0$2,216,230
71$6,150,395$31,187$0$2,358,197
72$6,665,340$0$0$2,514,131
73$7,229,268$0$0$2,717,109
74$7,847,066$0$0$2,953,150
75$8,524,111$0$0$3,211,973
76$9,266,330$0$0$3,495,860
77$10,080,247$0$0$3,807,325
78$10,973,049$0$0$4,149,139
79$11,952,652$0$0$4,524,352
80$13,027,776$0$0$4,936,326
81$14,208,025$0$0$5,388,760
82$15,503,980$0$0$5,885,735
83$16,927,293$0$0$6,431,741
84$18,490,805$0$0$7,031,728
85$20,208,658$0$0$7,691,149
86$22,096,434$0$0$8,416,009
87$24,171,297$0$0$9,212,926
88$26,452,158$0$0$10,089,191
89$28,959,853$0$0$11,052,837
90$31,717,333$0$0$12,112,712
91$34,749,890$0$0$13,278,568
92$38,085,384$0$0$14,561,148
93$41,754,516$0$0$15,972,288
94$45,791,109$0$0$17,525,030
95$50,232,429$0$0$19,233,744
96$55,119,539$0$0$21,114,264
97$60,497,682$0$0$23,184,036
98$66,416,707$0$0$25,462,281
99$72,931,543$0$0$27,970,182
100$80,102,713$0$0$30,731,078