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%19.1%
1 years$80,349$79,634$78,935$78,254$77,588$74,746
2 years$39,777$39,036$38,318$37,622$36,947$34,115
3 years$26,255$25,511$24,794$24,105$23,441$20,708
4 years$19,495$18,753$18,044$17,366$16,718$14,106
5 years$15,440$14,703$14,003$13,339$12,709$10,224
6 years$12,737$12,006$11,316$10,667$10,056$7,700
7 years$10,808$10,082$9,404$8,770$8,178$5,950
8 years$9,361$8,642$7,975$7,357$6,785$4,683
9 years$8,237$7,525$6,869$6,267$5,714$3,736
10 years$7,338$6,633$5,989$5,402$4,868$3,010
11 years$6,603$5,905$5,272$4,701$4,187$2,445
12 years$5,991$5,300$4,679$4,124$3,628$1,998
13 years$5,473$4,789$4,180$3,641$3,164$1,641
14 years$5,030$4,353$3,756$3,232$2,773$1,353
15 years$4,646$3,977$3,391$2,882$2,442$1,119
16 years$4,311$3,649$3,075$2,581$2,158$928
17 years$4,015$3,360$2,798$2,319$1,914$771
18 years$3,752$3,105$2,554$2,090$1,702$642
19 years$3,518$2,878$2,338$1,888$1,517$535
20 years$3,307$2,674$2,146$1,710$1,355$446
21 years$3,116$2,491$1,974$1,552$1,212$373
22 years$2,943$2,325$1,819$1,411$1,087$312
23 years$2,786$2,175$1,680$1,285$975$261
24 years$2,641$2,038$1,553$1,172$877$218
25 years$2,509$1,912$1,439$1,070$789$183
26 years$2,386$1,797$1,334$979$711$153
27 years$2,273$1,691$1,239$896$641$128
28 years$2,169$1,594$1,152$821$578$108
29 years$2,071$1,503$1,072$753$522$90
30 years$1,981$1,420$998$691$472$76
31 years$1,896$1,342$931$634$426$64
32 years$1,817$1,270$868$583$386$53
33 years$1,743$1,203$811$536$349$45
34 years$1,673$1,140$758$493$316$38
35 years$1,607$1,081$708$454$286$32
36 years$1,545$1,026$663$418$259$26
37 years$1,487$975$620$385$235$22
38 years$1,432$926$581$355$213$19
39 years$1,380$881$544$328$193$16
40 years$1,330$838$510$302$175$13
41 years$1,283$798$478$279$159$11
42 years$1,239$760$449$257$144$9
43 years$1,196$724$421$237$131$8
44 years$1,156$690$395$219$119$7
45 years$1,118$658$371$202$108$5
46 years$1,081$628$348$187$98$5
47 years$1,046$599$327$173$89$4
48 years$1,013$572$308$160$81$3
49 years$981$546$289$148$73$3
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 $5,095 every year, while hoping to spend $27,081 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: 79/8/13 Blend
44$973,000$973,000$973,000$973,000
45$1,077,501$1,025,932$1,010,851$1,159,493
46$1,158,593$1,047,389$1,015,901$1,235,596
47$1,247,048$1,068,990$1,020,212$1,315,076
48$1,343,589$1,090,712$1,023,731$1,401,501
49$1,449,011$1,112,534$1,026,402$1,495,556
50$1,564,190$1,134,428$1,028,167$1,597,992
51$1,690,091$1,156,368$1,028,963$1,709,638
52$1,827,773$1,178,323$1,028,727$1,831,406
53$1,978,405$1,200,260$1,027,388$1,964,302
54$2,143,274$1,222,145$1,024,878$2,109,433
55$2,323,797$1,243,939$1,021,120$2,268,020
56$2,521,533$1,265,600$1,016,036$2,441,406
57$2,738,201$1,287,086$1,009,545$2,631,073
58$2,975,691$1,308,348$1,001,559$2,838,653
59$3,236,090$1,329,334$991,989$3,065,943
60$3,521,690$1,349,991$980,739$3,314,924
61$3,835,020$1,370,258$967,712$3,587,778
62$4,178,865$1,390,074$952,803$3,886,911
63$4,556,291$1,409,369$935,904$4,214,972
64$4,970,677$1,428,073$916,901$4,574,881
65$5,425,744$1,446,106$895,676$4,969,856
66$5,925,592$1,463,387$872,102$5,403,442
67$6,474,737$1,479,827$846,052$5,879,545
68$7,078,153$1,495,332$817,388$6,402,472
69$7,741,322$1,509,801$785,968$6,976,967
70$8,470,282$1,523,127$751,643$7,608,256
71$9,271,686$1,535,194$714,258$8,302,101
72$10,152,862$1,545,883$673,649$9,064,851
73$11,121,885$1,555,062$629,648$9,903,502
74$12,187,651$1,562,594$582,075$10,825,764
75$13,359,962$1,568,332$530,745$11,840,132
76$14,649,618$1,572,120$475,465$12,955,970
77$16,068,518$1,573,793$416,032$14,183,595
78$17,629,771$1,573,173$352,234$15,534,378
79$19,347,824$1,570,075$283,849$17,020,851
80$21,238,592$1,564,299$210,649$18,656,820
81$23,319,613$1,555,634$132,390$20,457,506
82$25,610,211$1,543,857$48,823$22,439,677
83$28,131,678$1,528,732$0$24,621,817
84$30,907,475$1,510,006$0$27,029,889
85$33,963,454$1,487,412$0$29,688,333
86$37,328,101$1,460,670$0$32,615,144
87$41,032,803$1,429,478$0$35,837,623
88$45,112,147$1,393,521$0$39,385,854
89$49,604,246$1,352,464$0$43,292,988
90$54,551,095$1,305,950$0$47,595,556
91$59,998,969$1,253,604$0$52,333,812
92$65,998,862$1,195,029$0$57,552,116
93$72,606,964$1,129,804$0$63,299,352
94$79,885,194$1,057,483$0$69,629,386
95$87,901,780$977,597$0$76,601,579
96$96,731,910$889,647$0$84,281,344
97$106,458,434$793,109$0$92,740,765
98$117,172,650$687,426$0$102,059,277
99$128,975,162$572,012$0$112,324,415
100$141,976,833$446,246$0$123,632,643