Can I retire at age 45 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$80,432$79,716$79,017$78,334$77,668$76,038
2 years$39,818$39,076$38,358$37,661$36,985$35,350
3 years$26,282$25,537$24,820$24,130$23,465$21,876
4 years$19,515$18,772$18,063$17,384$16,735$15,206
5 years$15,456$14,718$14,017$13,353$12,722$11,255
6 years$12,751$12,018$11,328$10,678$10,066$8,664
7 years$10,819$10,093$9,414$8,779$8,187$6,850
8 years$9,371$8,651$7,984$7,365$6,792$5,519
9 years$8,246$7,533$6,876$6,273$5,720$4,511
10 years$7,346$6,640$5,995$5,407$4,873$3,727
11 years$6,610$5,911$5,278$4,706$4,191$3,106
12 years$5,997$5,305$4,684$4,128$3,632$2,606
13 years$5,479$4,794$4,185$3,644$3,167$2,198
14 years$5,035$4,358$3,760$3,235$2,776$1,863
15 years$4,651$3,981$3,395$2,885$2,445$1,585
16 years$4,315$3,653$3,078$2,583$2,160$1,353
17 years$4,019$3,364$2,801$2,321$1,916$1,157
18 years$3,756$3,108$2,557$2,092$1,703$992
19 years$3,521$2,881$2,341$1,890$1,518$852
20 years$3,310$2,677$2,148$1,712$1,356$733
21 years$3,120$2,494$1,976$1,554$1,214$632
22 years$2,946$2,328$1,821$1,413$1,088$545
23 years$2,788$2,177$1,681$1,286$976$471
24 years$2,644$2,040$1,555$1,173$878$407
25 years$2,511$1,914$1,440$1,072$790$352
26 years$2,389$1,799$1,336$980$711$304
27 years$2,276$1,693$1,240$897$641$264
28 years$2,171$1,595$1,153$822$579$228
29 years$2,073$1,505$1,073$753$523$198
30 years$1,983$1,421$999$691$472$171
31 years$1,898$1,344$932$635$427$149
32 years$1,819$1,271$869$584$386$129
33 years$1,744$1,204$812$537$349$112
34 years$1,674$1,141$758$494$316$97
35 years$1,609$1,082$709$455$287$84
36 years$1,547$1,027$663$419$260$73
37 years$1,489$976$621$386$235$63
38 years$1,433$927$581$356$213$55
39 years$1,381$882$545$328$193$48
40 years$1,332$839$511$302$175$42
41 years$1,285$799$479$279$159$36
42 years$1,240$761$449$257$144$31
43 years$1,198$725$421$238$131$27
44 years$1,157$691$396$219$119$24
45 years$1,119$659$371$203$108$21
46 years$1,082$628$349$187$98$18
47 years$1,047$600$328$173$89$15
48 years$1,014$572$308$160$81$13
49 years$982$547$289$148$73$12
50 years$951$522$272$137$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $974,000, adding $2,671 every year, while hoping to spend $59,870 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: 55/23/22 Blend
44$974,000$974,000$974,000$974,000
45$1,076,103$1,024,481$1,009,384$1,128,700
46$1,122,164$1,010,979$979,497$1,151,532
47$1,170,917$994,810$946,603$1,169,851
48$1,222,573$975,778$910,536$1,188,522
49$1,277,363$953,678$871,127$1,207,597
50$1,335,539$928,294$828,195$1,227,136
51$1,397,378$899,394$781,553$1,247,209
52$1,463,181$866,734$731,005$1,267,894
53$1,533,279$830,058$676,347$1,289,285
54$1,608,034$789,091$617,365$1,311,485
55$1,687,842$743,545$553,835$1,334,615
56$1,773,137$693,114$485,525$1,358,812
57$1,864,397$637,477$412,189$1,384,231
58$1,962,143$576,290$333,575$1,411,049
59$2,066,948$509,195$249,416$1,439,465
60$2,179,439$435,808$159,434$1,469,706
61$2,300,307$355,728$63,341$1,502,026
62$2,430,309$268,529$0$1,536,713
63$2,570,275$173,761$0$1,583,294
64$2,721,117$70,950$0$1,649,396
65$2,883,839$0$0$1,720,620
66$3,059,542$0$0$1,807,731
67$3,249,435$0$0$1,921,355
68$3,454,848$0$0$2,044,340
69$3,677,243$0$0$2,177,571
70$3,918,228$0$0$2,322,018
71$4,179,569$0$0$2,478,754
72$4,463,211$0$0$2,648,952
73$4,771,289$0$0$2,833,908
74$5,106,155$0$0$3,035,045
75$5,470,396$0$0$3,253,928
76$5,866,857$0$0$3,492,280
77$6,298,669$0$0$3,751,997
78$6,769,278$0$0$4,035,166
79$7,282,476$0$0$4,344,082
80$7,842,436$0$0$4,681,274
81$8,453,751$0$0$5,049,524
82$9,121,480$0$0$5,451,894
83$9,851,189$0$0$5,891,757
84$10,649,006$0$0$6,372,824
85$11,521,680$0$0$6,899,183
86$12,476,641$0$0$7,475,335
87$13,522,070$0$0$8,106,237
88$14,666,976$0$0$8,797,346
89$15,921,281$0$0$9,554,672
90$17,295,910$0$0$10,384,836
91$18,802,898$0$0$11,295,127
92$20,455,496$0$0$12,293,576
93$22,268,303$0$0$13,389,026
94$24,257,396$0$0$14,591,220
95$26,440,484$0$0$15,910,888
96$28,837,077$0$0$17,359,849
97$31,468,660$0$0$18,951,126
98$34,358,907$0$0$20,699,060
99$37,533,893$0$0$22,619,454
100$41,022,344$0$0$24,729,715