Can I retire at age 45 with 974,000?

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 $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%14.3%
1 years$80,432$79,716$79,017$78,334$77,668$76,287
2 years$39,818$39,076$38,358$37,661$36,985$35,598
3 years$26,282$25,537$24,820$24,130$23,465$22,116
4 years$19,515$18,772$18,063$17,384$16,735$15,434
5 years$15,456$14,718$14,017$13,353$12,722$11,473
6 years$12,751$12,018$11,328$10,678$10,066$8,870
7 years$10,819$10,093$9,414$8,779$8,187$7,044
8 years$9,371$8,651$7,984$7,365$6,792$5,702
9 years$8,246$7,533$6,876$6,273$5,720$4,682
10 years$7,346$6,640$5,995$5,407$4,873$3,888
11 years$6,610$5,911$5,278$4,706$4,191$3,256
12 years$5,997$5,305$4,684$4,128$3,632$2,746
13 years$5,479$4,794$4,185$3,644$3,167$2,329
14 years$5,035$4,358$3,760$3,235$2,776$1,985
15 years$4,651$3,981$3,395$2,885$2,445$1,698
16 years$4,315$3,653$3,078$2,583$2,160$1,457
17 years$4,019$3,364$2,801$2,321$1,916$1,254
18 years$3,756$3,108$2,557$2,092$1,703$1,081
19 years$3,521$2,881$2,341$1,890$1,518$935
20 years$3,310$2,677$2,148$1,712$1,356$809
21 years$3,120$2,494$1,976$1,554$1,214$701
22 years$2,946$2,328$1,821$1,413$1,088$609
23 years$2,788$2,177$1,681$1,286$976$529
24 years$2,644$2,040$1,555$1,173$878$460
25 years$2,511$1,914$1,440$1,072$790$400
26 years$2,389$1,799$1,336$980$711$349
27 years$2,276$1,693$1,240$897$641$304
28 years$2,171$1,595$1,153$822$579$265
29 years$2,073$1,505$1,073$753$523$231
30 years$1,983$1,421$999$691$472$202
31 years$1,898$1,344$932$635$427$176
32 years$1,819$1,271$869$584$386$154
33 years$1,744$1,204$812$537$349$134
34 years$1,674$1,141$758$494$316$117
35 years$1,609$1,082$709$455$287$102
36 years$1,547$1,027$663$419$260$89
37 years$1,489$976$621$386$235$78
38 years$1,433$927$581$356$213$68
39 years$1,381$882$545$328$193$60
40 years$1,332$839$511$302$175$52
41 years$1,285$799$479$279$159$46
42 years$1,240$761$449$257$144$40
43 years$1,198$725$421$238$131$35
44 years$1,157$691$396$219$119$31
45 years$1,119$659$371$203$108$27
46 years$1,082$628$349$187$98$23
47 years$1,047$600$328$173$89$20
48 years$1,014$572$308$160$81$18
49 years$982$547$289$148$73$16
50 years$951$522$272$137$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $974,000, adding $6,623 every year, while hoping to spend $29,793 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: 41/48/11 Blend
44$974,000$974,000$974,000$974,000
45$1,080,180$1,028,558$1,013,461$1,120,690
46$1,158,658$1,047,257$1,015,712$1,168,479
47$1,244,144$1,065,875$1,017,040$1,216,698
48$1,337,318$1,084,375$1,017,383$1,268,221
49$1,438,934$1,102,719$1,016,675$1,323,362
50$1,549,819$1,120,866$1,014,847$1,382,467
51$1,670,884$1,138,771$1,011,828$1,445,917
52$1,803,131$1,156,388$1,007,541$1,514,133
53$1,947,665$1,173,666$1,001,908$1,587,579
54$2,105,700$1,190,549$994,846$1,666,766
55$2,278,576$1,206,980$986,267$1,752,261
56$2,467,765$1,222,896$976,081$1,844,687
57$2,674,889$1,238,230$964,192$1,944,734
58$2,901,736$1,252,911$950,501$2,053,160
59$3,150,272$1,266,863$934,902$2,170,806
60$3,422,664$1,280,004$917,286$2,298,595
61$3,721,299$1,292,248$897,538$2,437,551
62$4,048,805$1,303,501$875,539$2,588,799
63$4,408,076$1,313,666$851,162$2,753,585
64$4,802,301$1,322,637$824,278$2,933,282
65$5,234,992$1,330,302$794,747$3,129,403
66$5,710,018$1,336,543$762,428$3,343,622
67$6,231,639$1,341,234$727,169$3,577,782
68$6,804,551$1,344,238$688,813$3,833,920
69$7,433,924$1,345,415$647,197$4,114,281
70$8,125,455$1,344,611$602,149$4,421,343
71$8,885,421$1,341,666$553,490$4,757,841
72$9,720,735$1,336,409$501,033$5,126,792
73$10,639,014$1,328,657$444,582$5,531,522
74$11,648,651$1,318,219$383,933$5,975,705
75$12,758,891$1,304,890$318,873$6,463,390
76$13,979,922$1,288,453$249,179$6,999,046
77$15,322,965$1,268,678$174,618$7,587,601
78$16,800,387$1,245,324$94,947$8,234,493
79$18,425,813$1,218,130$9,914$8,945,720
80$20,214,253$1,186,826$0$9,727,896
81$22,182,248$1,151,122$0$10,597,804
82$24,348,022$1,110,711$0$11,555,865
83$26,731,655$1,065,271$0$12,609,821
84$29,355,273$1,014,458$0$13,769,499
85$32,243,255$957,911$0$15,045,729
86$35,422,464$895,245$0$16,450,457
87$38,922,500$826,057$0$17,996,851
88$42,775,978$749,917$0$19,699,433
89$47,018,838$666,373$0$21,574,211
90$51,690,680$574,946$0$23,638,839
91$56,835,142$475,131$0$25,912,776
92$62,500,307$366,393$0$28,417,479
93$68,739,160$248,168$0$31,176,603
94$75,610,087$119,861$0$34,216,229
95$83,177,424$0$0$37,565,106
96$91,512,065$0$0$41,265,052
97$100,692,131$0$0$45,410,209
98$110,803,708$0$0$49,976,160
99$121,941,657$0$0$55,005,762
100$134,210,509$0$0$60,546,242