Can I retire at age 45 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$80,515$79,797$79,098$78,415$77,748$77,323
2 years$39,859$39,116$38,397$37,699$37,023$36,594
3 years$26,309$25,563$24,845$24,154$23,489$23,069
4 years$19,535$18,791$18,081$17,402$16,752$16,346
5 years$15,472$14,733$14,032$13,366$12,735$12,342
6 years$12,764$12,030$11,340$10,689$10,077$9,698
7 years$10,830$10,103$9,423$8,788$8,195$7,831
8 years$9,381$8,660$7,992$7,372$6,799$6,449
9 years$8,254$7,540$6,883$6,279$5,725$5,390
10 years$7,353$6,646$6,001$5,413$4,878$4,558
11 years$6,617$5,917$5,283$4,711$4,196$3,889
12 years$6,003$5,311$4,689$4,132$3,636$3,343
13 years$5,485$4,799$4,189$3,648$3,170$2,891
14 years$5,040$4,362$3,764$3,238$2,779$2,513
15 years$4,656$3,985$3,398$2,888$2,447$2,194
16 years$4,320$3,656$3,081$2,586$2,163$1,922
17 years$4,023$3,367$2,804$2,323$1,918$1,689
18 years$3,760$3,112$2,559$2,094$1,705$1,489
19 years$3,525$2,884$2,343$1,892$1,520$1,315
20 years$3,314$2,680$2,150$1,714$1,357$1,164
21 years$3,123$2,496$1,978$1,555$1,215$1,031
22 years$2,949$2,330$1,823$1,414$1,089$916
23 years$2,791$2,179$1,683$1,288$977$814
24 years$2,647$2,042$1,557$1,174$879$725
25 years$2,514$1,916$1,442$1,073$791$646
26 years$2,391$1,801$1,337$981$712$576
27 years$2,278$1,695$1,242$898$642$514
28 years$2,173$1,597$1,154$822$579$459
29 years$2,076$1,507$1,074$754$523$410
30 years$1,985$1,423$1,000$692$473$367
31 years$1,900$1,345$933$636$427$328
32 years$1,820$1,273$870$584$387$294
33 years$1,746$1,205$813$537$350$263
34 years$1,676$1,142$759$494$317$236
35 years$1,610$1,083$710$455$287$211
36 years$1,549$1,028$664$419$260$189
37 years$1,490$977$622$386$236$170
38 years$1,435$928$582$356$214$152
39 years$1,383$883$545$328$194$136
40 years$1,333$840$511$303$176$122
41 years$1,286$799$479$279$159$110
42 years$1,241$761$450$258$145$99
43 years$1,199$725$422$238$131$88
44 years$1,158$691$396$220$119$79
45 years$1,120$659$372$203$108$71
46 years$1,083$629$349$187$98$64
47 years$1,048$600$328$173$89$57
48 years$1,015$573$308$160$81$52
49 years$983$547$290$148$74$46
50 years$952$523$272$137$67$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $2,547 every year, while hoping to spend $22,928 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: 44/49/7 Blend
44$975,000$975,000$975,000$975,000
45$1,077,077$1,025,402$1,010,290$1,122,222
46$1,162,544$1,051,252$1,019,739$1,179,559
47$1,255,960$1,077,599$1,028,737$1,239,103
48$1,358,111$1,104,445$1,037,243$1,303,105
49$1,469,865$1,131,789$1,045,217$1,371,982
50$1,592,174$1,159,630$1,052,614$1,446,193
51$1,726,088$1,187,964$1,059,390$1,526,242
52$1,872,764$1,216,790$1,065,495$1,612,685
53$2,033,476$1,246,102$1,070,878$1,706,133
54$2,209,626$1,275,896$1,075,488$1,807,260
55$2,402,758$1,306,165$1,079,267$1,916,808
56$2,614,573$1,336,902$1,082,157$2,035,593
57$2,846,946$1,368,096$1,084,095$2,164,516
58$3,101,940$1,399,739$1,085,018$2,304,565
59$3,381,829$1,431,816$1,084,857$2,456,834
60$3,689,116$1,464,316$1,083,540$2,622,523
61$4,026,560$1,497,222$1,080,993$2,802,957
62$4,397,199$1,530,516$1,077,137$2,999,595
63$4,804,382$1,564,180$1,071,889$3,214,043
64$5,251,796$1,598,191$1,065,164$3,448,073
65$5,743,502$1,632,526$1,056,871$3,703,636
66$6,283,978$1,667,158$1,046,914$3,982,882
67$6,878,153$1,702,059$1,035,195$4,288,178
68$7,531,460$1,737,195$1,021,610$4,622,137
69$8,249,884$1,772,533$1,006,049$4,987,633
70$9,040,020$1,808,034$988,398$5,387,836
71$9,909,131$1,843,657$968,539$5,826,240
72$10,865,223$1,879,357$946,346$6,306,693
73$11,917,115$1,915,085$921,688$6,833,438
74$13,074,525$1,950,788$894,429$7,411,149
75$14,348,160$1,986,410$864,425$8,044,979
76$15,749,816$2,021,888$831,527$8,740,605
77$17,292,493$2,057,156$795,579$9,504,284
78$18,990,513$2,092,143$756,417$10,342,914
79$20,859,658$2,126,770$713,869$11,264,093
80$22,917,317$2,160,956$667,758$12,276,199
81$25,182,652$2,194,611$617,896$13,388,464
82$27,676,776$2,227,640$564,089$14,611,061
83$30,422,953$2,259,940$506,132$15,955,204
84$33,446,819$2,291,403$443,812$17,433,252
85$36,776,623$2,321,909$376,908$19,058,826
86$40,443,490$2,351,335$305,187$20,846,937
87$44,481,722$2,379,546$228,406$22,814,129
88$48,929,112$2,406,398$146,312$24,978,638
89$53,827,309$2,431,739$58,641$27,360,561
90$59,222,206$2,455,406$0$29,982,045
91$65,164,375$2,477,224$0$32,870,111
92$71,709,542$2,497,009$0$36,053,898
93$78,919,116$2,514,564$0$39,558,695
94$86,860,765$2,529,677$0$43,417,207
95$95,609,057$2,542,125$0$47,665,474
96$105,246,163$2,551,671$0$52,343,216
97$115,862,630$2,558,062$0$57,494,210
98$127,558,240$2,561,029$0$63,166,698
99$140,442,948$2,560,286$0$69,413,849
100$154,637,919$2,555,530$0$76,294,257