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%11.5%
1 years$80,349$79,634$78,935$78,254$77,588$77,099
2 years$39,777$39,036$38,318$37,622$36,947$36,454
3 years$26,255$25,511$24,794$24,105$23,441$22,958
4 years$19,495$18,753$18,044$17,366$16,718$16,251
5 years$15,440$14,703$14,003$13,339$12,709$12,257
6 years$12,737$12,006$11,316$10,667$10,056$9,621
7 years$10,808$10,082$9,404$8,770$8,178$7,760
8 years$9,361$8,642$7,975$7,357$6,785$6,384
9 years$8,237$7,525$6,869$6,267$5,714$5,330
10 years$7,338$6,633$5,989$5,402$4,868$4,501
11 years$6,603$5,905$5,272$4,701$4,187$3,836
12 years$5,991$5,300$4,679$4,124$3,628$3,293
13 years$5,473$4,789$4,180$3,641$3,164$2,845
14 years$5,030$4,353$3,756$3,232$2,773$2,470
15 years$4,646$3,977$3,391$2,882$2,442$2,153
16 years$4,311$3,649$3,075$2,581$2,158$1,884
17 years$4,015$3,360$2,798$2,319$1,914$1,653
18 years$3,752$3,105$2,554$2,090$1,702$1,455
19 years$3,518$2,878$2,338$1,888$1,517$1,283
20 years$3,307$2,674$2,146$1,710$1,355$1,134
21 years$3,116$2,491$1,974$1,552$1,212$1,004
22 years$2,943$2,325$1,819$1,411$1,087$890
23 years$2,786$2,175$1,680$1,285$975$790
24 years$2,641$2,038$1,553$1,172$877$702
25 years$2,509$1,912$1,439$1,070$789$624
26 years$2,386$1,797$1,334$979$711$556
27 years$2,273$1,691$1,239$896$641$495
28 years$2,169$1,594$1,152$821$578$442
29 years$2,071$1,503$1,072$753$522$394
30 years$1,981$1,420$998$691$472$352
31 years$1,896$1,342$931$634$426$314
32 years$1,817$1,270$868$583$386$281
33 years$1,743$1,203$811$536$349$251
34 years$1,673$1,140$758$493$316$225
35 years$1,607$1,081$708$454$286$201
36 years$1,545$1,026$663$418$259$180
37 years$1,487$975$620$385$235$161
38 years$1,432$926$581$355$213$144
39 years$1,380$881$544$328$193$129
40 years$1,330$838$510$302$175$115
41 years$1,283$798$478$279$159$103
42 years$1,239$760$449$257$144$93
43 years$1,196$724$421$237$131$83
44 years$1,156$690$395$219$119$74
45 years$1,118$658$371$202$108$67
46 years$1,081$628$348$187$98$60
47 years$1,046$599$327$173$89$54
48 years$1,013$572$308$160$81$48
49 years$981$546$289$148$73$43
50 years$950$522$272$136$67$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $973,000, adding $5,481 every year, while hoping to spend $45,756 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: 65/23/12 Blend
44$973,000$973,000$973,000$973,000
45$1,077,900$1,026,331$1,011,249$1,144,676
46$1,139,161$1,027,937$996,442$1,191,542
47$1,205,138$1,028,088$979,605$1,236,875
48$1,276,263$1,026,665$960,623$1,285,253
49$1,353,011$1,023,541$939,372$1,336,972
50$1,435,904$1,018,580$915,727$1,392,356
51$1,525,515$1,011,640$889,554$1,451,766
52$1,622,477$1,002,569$860,713$1,515,600
53$1,727,481$991,207$829,058$1,584,298
54$1,841,291$977,382$794,438$1,658,346
55$1,964,743$960,915$756,693$1,738,282
56$2,098,761$941,613$715,655$1,824,698
57$2,244,357$919,275$671,152$1,918,250
58$2,402,647$893,685$623,001$2,019,663
59$2,574,857$864,616$571,012$2,129,738
60$2,762,338$831,827$514,987$2,249,358
61$2,966,574$795,065$454,717$2,379,502
62$3,189,201$754,059$389,986$2,521,247
63$3,432,017$708,525$320,568$2,675,786
64$3,697,001$658,162$246,226$2,844,436
65$3,986,334$602,651$166,713$3,028,649
66$4,302,415$541,655$81,772$3,230,032
67$4,647,884$474,819$0$3,450,358
68$5,025,650$401,767$0$3,692,721
69$5,438,914$322,101$0$3,969,392
70$5,891,201$235,402$0$4,272,314
71$6,386,393$141,226$0$4,604,162
72$6,928,765$39,106$0$4,967,883
73$7,523,024$0$0$5,366,730
74$8,174,355$0$0$5,822,376
75$8,888,466$0$0$6,332,857
76$9,671,648$0$0$6,892,781
77$10,530,825$0$0$7,507,106
78$11,473,628$0$0$8,181,298
79$12,508,459$0$0$8,921,374
80$13,644,576$0$0$9,733,964
81$14,892,174$0$0$10,626,369
82$16,262,487$0$0$11,606,636
83$17,767,888$0$0$12,683,626
84$19,422,008$0$0$13,867,102
85$21,239,866$0$0$15,167,820
86$23,238,004$0$0$16,597,628
87$25,434,651$0$0$18,169,581
88$27,849,885$0$0$19,898,062
89$30,505,833$0$0$21,798,917
90$33,426,867$0$0$23,889,603
91$36,639,845$0$0$26,189,356
92$40,174,354$0$0$28,719,368
93$44,062,996$0$0$31,502,991
94$48,341,692$0$0$34,565,952
95$53,050,020$0$0$37,936,599
96$58,231,588$0$0$41,646,167
97$63,934,445$0$0$45,729,072
98$70,211,535$0$0$50,223,236
99$77,121,195$0$0$55,170,444
100$84,727,706$0$0$60,616,736