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%17.4%
1 years$80,432$79,716$79,017$78,334$77,668$75,333
2 years$39,818$39,076$38,358$37,661$36,985$34,652
3 years$26,282$25,537$24,820$24,130$23,465$21,207
4 years$19,515$18,772$18,063$17,384$16,735$14,570
5 years$15,456$14,718$14,017$13,353$12,722$10,655
6 years$12,751$12,018$11,328$10,678$10,066$8,100
7 years$10,819$10,093$9,414$8,779$8,187$6,321
8 years$9,371$8,651$7,984$7,365$6,792$5,025
9 years$8,246$7,533$6,876$6,273$5,720$4,050
10 years$7,346$6,640$5,995$5,407$4,873$3,299
11 years$6,610$5,911$5,278$4,706$4,191$2,709
12 years$5,997$5,305$4,684$4,128$3,632$2,239
13 years$5,479$4,794$4,185$3,644$3,167$1,860
14 years$5,035$4,358$3,760$3,235$2,776$1,552
15 years$4,651$3,981$3,395$2,885$2,445$1,299
16 years$4,315$3,653$3,078$2,583$2,160$1,090
17 years$4,019$3,364$2,801$2,321$1,916$917
18 years$3,756$3,108$2,557$2,092$1,703$773
19 years$3,521$2,881$2,341$1,890$1,518$653
20 years$3,310$2,677$2,148$1,712$1,356$552
21 years$3,120$2,494$1,976$1,554$1,214$467
22 years$2,946$2,328$1,821$1,413$1,088$396
23 years$2,788$2,177$1,681$1,286$976$336
24 years$2,644$2,040$1,555$1,173$878$285
25 years$2,511$1,914$1,440$1,072$790$242
26 years$2,389$1,799$1,336$980$711$206
27 years$2,276$1,693$1,240$897$641$175
28 years$2,171$1,595$1,153$822$579$148
29 years$2,073$1,505$1,073$753$523$126
30 years$1,983$1,421$999$691$472$107
31 years$1,898$1,344$932$635$427$91
32 years$1,819$1,271$869$584$386$78
33 years$1,744$1,204$812$537$349$66
34 years$1,674$1,141$758$494$316$56
35 years$1,609$1,082$709$455$287$48
36 years$1,547$1,027$663$419$260$41
37 years$1,489$976$621$386$235$35
38 years$1,433$927$581$356$213$30
39 years$1,381$882$545$328$193$25
40 years$1,332$839$511$302$175$21
41 years$1,285$799$479$279$159$18
42 years$1,240$761$449$257$144$16
43 years$1,198$725$421$238$131$13
44 years$1,157$691$396$219$119$11
45 years$1,119$659$371$203$108$10
46 years$1,082$628$349$187$98$8
47 years$1,047$600$328$173$89$7
48 years$1,014$572$308$160$81$6
49 years$982$547$289$148$73$5
50 years$951$522$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $974,000, adding $2,915 every year, while hoping to spend $32,108 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: 67/27/6 Blend
44$974,000$974,000$974,000$974,000
45$1,076,355$1,024,733$1,009,636$1,147,307
46$1,151,980$1,040,782$1,009,296$1,210,776
47$1,234,244$1,056,542$1,007,869$1,275,979
48$1,323,788$1,071,963$1,005,283$1,346,393
49$1,421,320$1,086,996$1,001,467$1,422,522
50$1,527,620$1,101,584$996,341$1,504,920
51$1,643,544$1,115,668$989,825$1,594,198
52$1,770,036$1,129,186$981,835$1,691,030
53$1,908,134$1,142,070$972,280$1,796,159
54$2,058,980$1,154,249$961,068$1,910,400
55$2,223,834$1,165,645$948,102$2,034,658
56$2,404,080$1,176,177$933,279$2,169,923
57$2,601,244$1,185,757$916,491$2,317,292
58$2,817,005$1,194,293$897,628$2,477,972
59$3,053,213$1,201,687$876,571$2,653,292
60$3,311,903$1,207,831$853,199$2,844,719
61$3,595,318$1,212,616$827,382$3,053,869
62$3,905,928$1,215,922$798,987$3,282,523
63$4,246,452$1,217,622$767,873$3,532,646
64$4,619,887$1,217,582$733,893$3,806,402
65$5,029,532$1,215,660$696,895$4,106,178
66$5,479,020$1,211,704$656,717$4,434,603
67$5,972,356$1,205,552$613,192$4,794,578
68$6,513,947$1,197,036$566,146$5,189,300
69$7,108,652$1,185,972$515,394$5,622,291
70$7,761,820$1,172,171$460,745$6,097,438
71$8,479,347$1,155,428$402,001$6,619,021
72$9,267,724$1,135,528$338,952$7,191,761
73$10,134,106$1,112,243$271,381$7,820,861
74$11,086,372$1,085,331$199,060$8,512,058
75$12,133,205$1,054,535$121,751$9,271,675
76$13,284,170$1,019,585$39,208$10,106,683
77$14,549,805$980,194$0$11,024,763
78$15,941,720$936,058$0$12,037,517
79$17,472,707$886,857$0$13,154,033
80$19,156,860$832,250$0$14,382,109
81$21,009,707$771,878$0$15,733,108
82$23,048,359$705,361$0$17,219,556
83$25,291,667$632,299$0$18,855,257
84$27,760,402$552,267$0$20,655,428
85$30,477,450$464,815$0$22,636,840
86$33,468,031$369,472$0$24,817,979
87$36,759,930$265,736$0$27,219,219
88$40,383,765$153,079$0$29,863,016
89$44,373,272$30,943$0$32,774,122
90$48,765,625$0$0$35,979,816
91$53,601,786$0$0$39,540,251
92$58,926,891$0$0$43,470,852
93$64,790,674$0$0$47,799,145
94$71,247,941$0$0$52,565,594
95$78,359,080$0$0$57,814,785
96$86,190,637$0$0$63,595,849
97$94,815,938$0$0$69,962,927
98$104,315,787$0$0$76,975,676
99$114,779,223$0$0$84,699,836
100$126,304,360$0$0$93,207,849