Can I retire at age 45 with 975,000?

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 $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%14.1%
1 years$80,515$79,797$79,098$78,415$77,748$76,428
2 years$39,859$39,116$38,397$37,699$37,023$35,698
3 years$26,309$25,563$24,845$24,154$23,489$22,199
4 years$19,535$18,791$18,081$17,402$16,752$15,508
5 years$15,472$14,733$14,032$13,366$12,735$11,539
6 years$12,764$12,030$11,340$10,689$10,077$8,932
7 years$10,830$10,103$9,423$8,788$8,195$7,101
8 years$9,381$8,660$7,992$7,372$6,799$5,755
9 years$8,254$7,540$6,883$6,279$5,725$4,731
10 years$7,353$6,646$6,001$5,413$4,878$3,933
11 years$6,617$5,917$5,283$4,711$4,196$3,298
12 years$6,003$5,311$4,689$4,132$3,636$2,785
13 years$5,485$4,799$4,189$3,648$3,170$2,366
14 years$5,040$4,362$3,764$3,238$2,779$2,019
15 years$4,656$3,985$3,398$2,888$2,447$1,729
16 years$4,320$3,656$3,081$2,586$2,163$1,486
17 years$4,023$3,367$2,804$2,323$1,918$1,281
18 years$3,760$3,112$2,559$2,094$1,705$1,106
19 years$3,525$2,884$2,343$1,892$1,520$957
20 years$3,314$2,680$2,150$1,714$1,357$830
21 years$3,123$2,496$1,978$1,555$1,215$720
22 years$2,949$2,330$1,823$1,414$1,089$626
23 years$2,791$2,179$1,683$1,288$977$545
24 years$2,647$2,042$1,557$1,174$879$475
25 years$2,514$1,916$1,442$1,073$791$414
26 years$2,391$1,801$1,337$981$712$361
27 years$2,278$1,695$1,242$898$642$315
28 years$2,173$1,597$1,154$822$579$275
29 years$2,076$1,507$1,074$754$523$240
30 years$1,985$1,423$1,000$692$473$210
31 years$1,900$1,345$933$636$427$184
32 years$1,820$1,273$870$584$387$161
33 years$1,746$1,205$813$537$350$140
34 years$1,676$1,142$759$494$317$123
35 years$1,610$1,083$710$455$287$108
36 years$1,549$1,028$664$419$260$94
37 years$1,490$977$622$386$236$82
38 years$1,435$928$582$356$214$72
39 years$1,383$883$545$328$194$63
40 years$1,333$840$511$303$176$55
41 years$1,286$799$479$279$159$48
42 years$1,241$761$450$258$145$42
43 years$1,199$725$422$238$131$37
44 years$1,158$691$396$220$119$33
45 years$1,120$659$372$203$108$29
46 years$1,083$629$349$187$98$25
47 years$1,048$600$328$173$89$22
48 years$1,015$573$308$160$81$19
49 years$983$547$290$148$74$17
50 years$952$523$272$137$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $2,052 every year, while hoping to spend $42,449 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: 40/47/13 Blend
44$975,000$975,000$975,000$975,000
45$1,076,567$1,024,892$1,009,779$1,115,377
46$1,141,211$1,029,946$998,441$1,148,065
47$1,211,026$1,033,825$985,301$1,179,084
48$1,286,495$1,036,427$970,253$1,211,712
49$1,368,149$1,037,642$953,187$1,246,114
50$1,456,569$1,037,356$933,988$1,282,476
51$1,552,398$1,035,445$912,535$1,321,002
52$1,656,339$1,031,779$888,702$1,361,923
53$1,769,169$1,026,220$862,357$1,405,495
54$1,891,741$1,018,620$833,362$1,452,003
55$2,024,991$1,008,825$801,572$1,501,763
56$2,169,951$996,669$766,837$1,555,130
57$2,327,758$981,978$728,997$1,612,496
58$2,499,660$964,565$687,889$1,674,299
59$2,687,031$944,235$643,340$1,741,025
60$2,891,386$920,780$595,169$1,813,213
61$3,114,388$893,979$543,188$1,891,465
62$3,357,871$863,600$487,200$1,976,446
63$3,623,852$829,395$427,000$2,068,898
64$3,914,554$791,103$362,372$2,169,641
65$4,232,420$748,449$293,094$2,279,589
66$4,580,144$701,140$218,930$2,399,751
67$4,960,690$648,868$139,635$2,531,251
68$5,377,323$591,305$54,956$2,675,332
69$5,833,639$528,107$0$2,833,373
70$6,333,594$458,909$0$3,011,813
71$6,881,551$383,326$0$3,215,889
72$7,482,310$300,949$0$3,439,885
73$8,141,160$211,350$0$3,685,920
74$8,863,925$114,073$0$3,956,338
75$9,657,022$8,640$0$4,253,729
76$10,527,518$0$0$4,580,959
77$11,483,197$0$0$4,995,736
78$12,532,635$0$0$5,456,247
79$13,685,276$0$0$5,962,186
80$14,951,528$0$0$6,518,135
81$16,342,854$0$0$7,129,148
82$17,871,883$0$0$7,800,788
83$19,552,527$0$0$8,539,187
84$21,400,115$0$0$9,351,097
85$23,431,533$0$0$10,243,961
86$25,665,388$0$0$11,225,977
87$28,122,176$0$0$12,306,179
88$30,824,483$0$0$13,494,518
89$33,797,191$0$0$14,801,961
90$37,067,717$0$0$16,240,590
91$40,666,268$0$0$17,823,717
92$44,626,126$0$0$19,566,011
93$48,983,965$0$0$21,483,633
94$53,780,192$0$0$23,594,392
95$59,059,330$0$0$25,917,910
96$64,870,436$0$0$28,475,809
97$71,267,568$0$0$31,291,914
98$78,310,288$0$0$34,392,476
99$86,064,228$0$0$37,806,422
100$94,601,709$0$0$41,565,626