Can I retire at age 45 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$80,349$79,634$78,935$78,254$77,588$74,628
2 years$39,777$39,036$38,318$37,622$36,947$33,999
3 years$26,255$25,511$24,794$24,105$23,441$20,598
4 years$19,495$18,753$18,044$17,366$16,718$14,003
5 years$15,440$14,703$14,003$13,339$12,709$10,128
6 years$12,737$12,006$11,316$10,667$10,056$7,611
7 years$10,808$10,082$9,404$8,770$8,178$5,868
8 years$9,361$8,642$7,975$7,357$6,785$4,607
9 years$8,237$7,525$6,869$6,267$5,714$3,666
10 years$7,338$6,633$5,989$5,402$4,868$2,947
11 years$6,603$5,905$5,272$4,701$4,187$2,387
12 years$5,991$5,300$4,679$4,124$3,628$1,945
13 years$5,473$4,789$4,180$3,641$3,164$1,593
14 years$5,030$4,353$3,756$3,232$2,773$1,310
15 years$4,646$3,977$3,391$2,882$2,442$1,080
16 years$4,311$3,649$3,075$2,581$2,158$893
17 years$4,015$3,360$2,798$2,319$1,914$740
18 years$3,752$3,105$2,554$2,090$1,702$614
19 years$3,518$2,878$2,338$1,888$1,517$510
20 years$3,307$2,674$2,146$1,710$1,355$425
21 years$3,116$2,491$1,974$1,552$1,212$354
22 years$2,943$2,325$1,819$1,411$1,087$295
23 years$2,786$2,175$1,680$1,285$975$246
24 years$2,641$2,038$1,553$1,172$877$205
25 years$2,509$1,912$1,439$1,070$789$171
26 years$2,386$1,797$1,334$979$711$143
27 years$2,273$1,691$1,239$896$641$120
28 years$2,169$1,594$1,152$821$578$100
29 years$2,071$1,503$1,072$753$522$84
30 years$1,981$1,420$998$691$472$70
31 years$1,896$1,342$931$634$426$58
32 years$1,817$1,270$868$583$386$49
33 years$1,743$1,203$811$536$349$41
34 years$1,673$1,140$758$493$316$34
35 years$1,607$1,081$708$454$286$29
36 years$1,545$1,026$663$418$259$24
37 years$1,487$975$620$385$235$20
38 years$1,432$926$581$355$213$17
39 years$1,380$881$544$328$193$14
40 years$1,330$838$510$302$175$12
41 years$1,283$798$478$279$159$10
42 years$1,239$760$449$257$144$8
43 years$1,196$724$421$237$131$7
44 years$1,156$690$395$219$119$6
45 years$1,118$658$371$202$108$5
46 years$1,081$628$348$187$98$4
47 years$1,046$599$327$173$89$3
48 years$1,013$572$308$160$81$3
49 years$981$546$289$148$73$2
50 years$950$522$272$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $973,000, adding $4,720 every year, while hoping to spend $48,949 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: 40/46/14 Blend
44$973,000$973,000$973,000$973,000
45$1,077,115$1,025,546$1,010,464$1,115,532
46$1,134,899$1,023,716$992,233$1,141,357
47$1,196,937$1,020,156$971,751$1,164,133
48$1,263,610$1,014,730$948,891$1,187,712
49$1,335,339$1,007,292$923,519$1,212,188
50$1,412,583$997,689$895,497$1,237,672
51$1,495,849$985,758$864,678$1,264,286
52$1,585,692$971,327$830,912$1,292,170
53$1,682,724$954,213$794,038$1,321,482
54$1,787,614$934,221$753,891$1,352,401
55$1,901,100$911,148$710,296$1,385,127
56$2,023,993$884,775$663,072$1,419,887
57$2,157,185$854,873$612,028$1,456,935
58$2,301,654$821,198$556,968$1,496,558
59$2,458,479$783,493$497,682$1,539,076
60$2,628,844$741,485$433,955$1,584,849
61$2,814,055$694,886$365,561$1,634,280
62$3,015,544$643,391$292,263$1,687,821
63$3,234,891$586,679$213,815$1,745,976
64$3,473,831$524,408$129,960$1,809,309
65$3,734,277$456,219$40,428$1,878,450
66$4,018,330$381,731$0$1,954,102
67$4,328,307$300,542$0$2,045,283
68$4,666,754$212,229$0$2,151,615
69$5,036,478$116,342$0$2,268,071
70$5,440,565$12,410$0$2,395,784
71$5,882,415$0$0$2,536,012
72$6,365,772$0$0$2,740,802
73$6,894,757$0$0$2,971,924
74$7,473,908$0$0$3,225,094
75$8,108,223$0$0$3,502,514
76$8,803,206$0$0$3,806,607
77$9,564,917$0$0$4,140,043
78$10,400,031$0$0$4,505,762
79$11,315,902$0$0$4,907,003
80$12,320,625$0$0$5,347,332
81$13,423,122$0$0$5,830,679
82$14,633,215$0$0$6,361,372
83$15,961,727$0$0$6,944,178
84$17,420,580$0$0$7,584,350
85$19,022,904$0$0$8,287,674
86$20,783,166$0$0$9,060,522
87$22,717,302$0$0$9,909,917
88$24,842,869$0$0$10,843,595
89$27,179,209$0$0$11,870,079
90$29,747,630$0$0$12,998,758
91$32,571,608$0$0$14,239,976
92$35,677,008$0$0$15,605,133
93$39,092,327$0$0$17,106,785
94$42,848,961$0$0$18,758,767
95$46,981,501$0$0$20,576,326
96$51,528,062$0$0$22,576,257
97$56,530,637$0$0$24,777,067
98$62,035,496$0$0$27,199,147
99$68,093,621$0$0$29,864,966
100$74,761,186$0$0$32,799,282