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%17.2%
1 years$80,432$79,716$79,017$78,334$77,668$75,393
2 years$39,818$39,076$38,358$37,661$36,985$34,712
3 years$26,282$25,537$24,820$24,130$23,465$21,264
4 years$19,515$18,772$18,063$17,384$16,735$14,624
5 years$15,456$14,718$14,017$13,353$12,722$10,706
6 years$12,751$12,018$11,328$10,678$10,066$8,148
7 years$10,819$10,093$9,414$8,779$8,187$6,365
8 years$9,371$8,651$7,984$7,365$6,792$5,066
9 years$8,246$7,533$6,876$6,273$5,720$4,088
10 years$7,346$6,640$5,995$5,407$4,873$3,334
11 years$6,610$5,911$5,278$4,706$4,191$2,741
12 years$5,997$5,305$4,684$4,128$3,632$2,269
13 years$5,479$4,794$4,185$3,644$3,167$1,887
14 years$5,035$4,358$3,760$3,235$2,776$1,577
15 years$4,651$3,981$3,395$2,885$2,445$1,322
16 years$4,315$3,653$3,078$2,583$2,160$1,111
17 years$4,019$3,364$2,801$2,321$1,916$936
18 years$3,756$3,108$2,557$2,092$1,703$790
19 years$3,521$2,881$2,341$1,890$1,518$668
20 years$3,310$2,677$2,148$1,712$1,356$566
21 years$3,120$2,494$1,976$1,554$1,214$480
22 years$2,946$2,328$1,821$1,413$1,088$407
23 years$2,788$2,177$1,681$1,286$976$346
24 years$2,644$2,040$1,555$1,173$878$294
25 years$2,511$1,914$1,440$1,072$790$250
26 years$2,389$1,799$1,336$980$711$213
27 years$2,276$1,693$1,240$897$641$181
28 years$2,171$1,595$1,153$822$579$154
29 years$2,073$1,505$1,073$753$523$131
30 years$1,983$1,421$999$691$472$112
31 years$1,898$1,344$932$635$427$95
32 years$1,819$1,271$869$584$386$81
33 years$1,744$1,204$812$537$349$69
34 years$1,674$1,141$758$494$316$59
35 years$1,609$1,082$709$455$287$50
36 years$1,547$1,027$663$419$260$43
37 years$1,489$976$621$386$235$37
38 years$1,433$927$581$356$213$31
39 years$1,381$882$545$328$193$27
40 years$1,332$839$511$302$175$23
41 years$1,285$799$479$279$159$19
42 years$1,240$761$449$257$144$17
43 years$1,198$725$421$238$131$14
44 years$1,157$691$396$219$119$12
45 years$1,119$659$371$203$108$10
46 years$1,082$628$349$187$98$9
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$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $974,000, adding $6,177 every year, while hoping to spend $37,970 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: 73/12/15 Blend
44$974,000$974,000$974,000$974,000
45$1,079,720$1,028,098$1,013,001$1,154,505
46$1,149,451$1,038,075$1,006,536$1,214,847
47$1,225,023$1,047,268$998,583$1,275,675
48$1,306,990$1,055,599$989,050$1,341,297
49$1,395,964$1,062,984$977,844$1,412,181
50$1,492,617$1,069,335$964,866$1,488,841
51$1,597,687$1,074,556$950,013$1,571,843
52$1,711,989$1,078,546$933,176$1,661,813
53$1,836,416$1,081,200$914,242$1,759,440
54$1,971,954$1,082,402$893,093$1,865,482
55$2,119,686$1,082,032$869,604$1,980,778
56$2,280,804$1,079,962$843,646$2,106,250
57$2,456,621$1,076,055$815,083$2,242,916
58$2,648,581$1,070,166$783,773$2,391,898
59$2,858,275$1,062,143$749,568$2,554,433
60$3,087,453$1,051,822$712,312$2,731,885
61$3,338,042$1,039,031$671,844$2,925,759
62$3,612,165$1,023,586$627,994$3,137,711
63$3,912,159$1,005,295$580,584$3,369,570
64$4,240,596$983,951$529,430$3,623,352
65$4,600,309$959,337$474,339$3,901,278
66$4,994,420$931,223$415,108$4,205,798
67$5,426,363$899,365$351,526$4,539,614
68$5,899,923$863,506$283,374$4,905,703
69$6,419,269$823,371$210,421$5,307,349
70$6,988,991$778,673$132,426$5,748,172
71$7,614,146$729,106$49,140$6,232,162
72$8,300,303$674,346$0$6,763,718
73$9,053,598$614,053$0$7,354,053
74$9,880,789$547,866$0$8,010,958
75$10,789,321$475,403$0$8,732,503
76$11,787,395$396,261$0$9,525,233
77$12,884,046$310,014$0$10,396,363
78$14,089,226$216,213$0$11,353,843
79$15,413,902$114,382$0$12,406,435
80$16,870,154$4,020$0$13,563,792
81$18,471,290$0$0$14,836,554
82$20,231,974$0$0$16,251,686
83$22,168,361$0$0$17,808,672
84$24,298,250$0$0$19,521,299
85$26,641,253$0$0$21,405,342
86$29,218,976$0$0$23,478,183
87$32,055,227$0$0$25,758,973
88$35,176,237$0$0$28,268,814
89$38,610,908$0$0$31,030,954
90$42,391,087$0$0$34,071,012
91$46,551,862$0$0$37,417,215
92$51,131,899$0$0$41,100,667
93$56,173,799$0$0$45,155,638
94$61,724,506$0$0$49,619,891
95$67,835,747$0$0$54,535,036
96$74,564,517$0$0$59,946,925
97$81,973,621$0$0$65,906,080
98$90,132,265$0$0$72,468,173
99$99,116,707$0$0$79,694,549
100$109,010,977$0$0$87,652,805