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%19.8%
1 years$80,515$79,797$79,098$78,415$77,748$74,693
2 years$39,859$39,116$38,397$37,699$37,023$33,982
3 years$26,309$25,563$24,845$24,154$23,489$20,558
4 years$19,535$18,791$18,081$17,402$16,752$13,955
5 years$15,472$14,733$14,032$13,366$12,735$10,077
6 years$12,764$12,030$11,340$10,689$10,077$7,560
7 years$10,830$10,103$9,423$8,788$8,195$5,819
8 years$9,381$8,660$7,992$7,372$6,799$4,561
9 years$8,254$7,540$6,883$6,279$5,725$3,622
10 years$7,353$6,646$6,001$5,413$4,878$2,906
11 years$6,617$5,917$5,283$4,711$4,196$2,349
12 years$6,003$5,311$4,689$4,132$3,636$1,911
13 years$5,485$4,799$4,189$3,648$3,170$1,562
14 years$5,040$4,362$3,764$3,238$2,779$1,281
15 years$4,656$3,985$3,398$2,888$2,447$1,054
16 years$4,320$3,656$3,081$2,586$2,163$870
17 years$4,023$3,367$2,804$2,323$1,918$719
18 years$3,760$3,112$2,559$2,094$1,705$595
19 years$3,525$2,884$2,343$1,892$1,520$494
20 years$3,314$2,680$2,150$1,714$1,357$410
21 years$3,123$2,496$1,978$1,555$1,215$341
22 years$2,949$2,330$1,823$1,414$1,089$283
23 years$2,791$2,179$1,683$1,288$977$236
24 years$2,647$2,042$1,557$1,174$879$196
25 years$2,514$1,916$1,442$1,073$791$163
26 years$2,391$1,801$1,337$981$712$136
27 years$2,278$1,695$1,242$898$642$113
28 years$2,173$1,597$1,154$822$579$95
29 years$2,076$1,507$1,074$754$523$79
30 years$1,985$1,423$1,000$692$473$66
31 years$1,900$1,345$933$636$427$55
32 years$1,820$1,273$870$584$387$46
33 years$1,746$1,205$813$537$350$38
34 years$1,676$1,142$759$494$317$32
35 years$1,610$1,083$710$455$287$27
36 years$1,549$1,028$664$419$260$22
37 years$1,490$977$622$386$236$19
38 years$1,435$928$582$356$214$15
39 years$1,383$883$545$328$194$13
40 years$1,333$840$511$303$176$11
41 years$1,286$799$479$279$159$9
42 years$1,241$761$450$258$145$7
43 years$1,199$725$422$238$131$6
44 years$1,158$691$396$220$119$5
45 years$1,120$659$372$203$108$4
46 years$1,083$629$349$187$98$4
47 years$1,048$600$328$173$89$3
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$2
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $3,316 every year, while hoping to spend $45,667 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: 71/11/18 Blend
44$975,000$975,000$975,000$975,000
45$1,077,870$1,026,195$1,011,083$1,149,565
46$1,139,224$1,027,890$996,365$1,199,387
47$1,205,305$1,028,136$979,623$1,248,133
48$1,276,547$1,026,816$960,742$1,300,342
49$1,353,428$1,023,803$939,600$1,356,350
50$1,436,471$1,018,963$916,069$1,416,530
51$1,526,251$1,012,152$890,018$1,481,288
52$1,623,401$1,003,220$861,306$1,551,079
53$1,728,618$992,008$829,790$1,626,400
54$1,842,664$978,344$795,315$1,707,802
55$1,966,382$962,049$757,724$1,795,893
56$2,100,696$942,932$716,851$1,891,342
57$2,246,623$920,791$672,521$1,994,892
58$2,405,281$895,413$624,553$2,107,358
59$2,577,902$866,570$572,758$2,229,643
60$2,765,840$834,024$516,937$2,362,741
61$2,970,584$797,520$456,883$2,507,751
62$3,193,775$756,790$392,380$2,665,885
63$3,437,218$711,550$323,203$2,838,481
64$3,702,899$661,500$249,115$3,027,015
65$3,993,004$606,324$169,869$3,233,114
66$4,309,941$545,684$85,211$3,458,577
67$4,656,359$479,227$0$3,705,386
68$5,035,177$406,578$0$3,976,714
69$5,449,606$327,341$0$4,291,519
70$5,903,183$241,098$0$4,636,136
71$6,399,802$147,407$0$5,013,561
72$6,943,754$45,802$0$5,427,096
73$7,539,761$0$0$5,880,379
74$8,193,024$0$0$6,385,192
75$8,909,273$0$0$6,944,806
76$9,694,817$0$0$7,558,612
77$10,556,605$0$0$8,232,049
78$11,502,293$0$0$8,971,103
79$12,540,312$0$0$9,782,371
80$13,679,949$0$0$10,673,119
81$14,931,436$0$0$11,651,351
82$16,306,043$0$0$12,725,885
83$17,816,185$0$0$13,906,433
84$19,475,539$0$0$15,203,696
85$21,299,174$0$0$16,629,463
86$23,303,690$0$0$18,196,719
87$25,507,374$0$0$19,919,774
88$27,930,375$0$0$21,814,391
89$30,594,891$0$0$23,897,937
90$33,525,380$0$0$26,189,546
91$36,748,788$0$0$28,710,302
92$40,294,804$0$0$31,483,431
93$44,196,139$0$0$34,534,527
94$48,488,836$0$0$37,891,788
95$53,212,605$0$0$41,586,283
96$58,411,202$0$0$45,652,248
97$64,132,840$0$0$50,127,402
98$70,430,642$0$0$55,053,308
99$77,363,142$0$0$60,475,764
100$84,994,836$0$0$66,445,231