Can I retire at age 45 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$80,597$79,879$79,179$78,495$77,828$75,762
2 years$39,900$39,156$38,436$37,738$37,061$34,994
3 years$26,336$25,589$24,871$24,179$23,513$21,510
4 years$19,555$18,811$18,100$17,420$16,770$14,845
5 years$15,487$14,748$14,046$13,380$12,748$10,908
6 years$12,777$12,043$11,351$10,700$10,087$8,333
7 years$10,841$10,113$9,433$8,797$8,203$6,536
8 years$9,390$8,669$8,000$7,380$6,806$5,223
9 years$8,262$7,548$6,890$6,286$5,731$4,233
10 years$7,361$6,653$6,007$5,418$4,883$3,467
11 years$6,623$5,923$5,289$4,716$4,200$2,864
12 years$6,009$5,316$4,693$4,136$3,639$2,381
13 years$5,490$4,804$4,193$3,652$3,174$1,990
14 years$5,046$4,367$3,768$3,242$2,782$1,670
15 years$4,661$3,989$3,402$2,891$2,450$1,407
16 years$4,324$3,660$3,084$2,589$2,165$1,189
17 years$4,027$3,371$2,806$2,326$1,920$1,007
18 years$3,764$3,115$2,562$2,096$1,707$855
19 years$3,529$2,887$2,345$1,894$1,521$727
20 years$3,317$2,682$2,152$1,715$1,359$619
21 years$3,126$2,499$1,980$1,557$1,216$527
22 years$2,952$2,332$1,825$1,415$1,090$450
23 years$2,794$2,181$1,685$1,289$978$384
24 years$2,649$2,044$1,558$1,176$879$328
25 years$2,516$1,918$1,443$1,074$791$281
26 years$2,394$1,803$1,338$982$713$240
27 years$2,280$1,697$1,243$899$643$206
28 years$2,175$1,599$1,155$823$580$176
29 years$2,078$1,508$1,075$755$524$151
30 years$1,987$1,424$1,002$693$473$129
31 years$1,902$1,346$934$636$428$111
32 years$1,822$1,274$871$585$387$95
33 years$1,748$1,206$813$538$350$81
34 years$1,678$1,143$760$495$317$70
35 years$1,612$1,085$711$456$287$60
36 years$1,550$1,029$665$420$260$51
37 years$1,492$978$622$387$236$44
38 years$1,436$929$583$356$214$38
39 years$1,384$884$546$329$194$32
40 years$1,334$841$512$303$176$28
41 years$1,287$800$480$280$160$24
42 years$1,243$762$450$258$145$21
43 years$1,200$726$422$238$131$18
44 years$1,160$692$396$220$119$15
45 years$1,121$660$372$203$108$13
46 years$1,084$630$350$188$98$11
47 years$1,049$601$328$173$89$10
48 years$1,016$574$309$160$81$8
49 years$984$548$290$148$74$7
50 years$953$523$273$137$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $976,000, adding $4,425 every year, while hoping to spend $33,876 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: 69/8/23 Blend
44$976,000$976,000$976,000$976,000
45$1,080,116$1,028,388$1,013,260$1,148,084
46$1,154,244$1,042,736$1,011,161$1,208,485
47$1,234,798$1,056,650$1,007,856$1,270,211
48$1,322,397$1,070,076$1,003,268$1,336,952
49$1,417,723$1,082,951$997,319$1,409,202
50$1,521,527$1,095,212$989,925$1,487,505
51$1,634,633$1,106,787$980,998$1,572,463
52$1,757,950$1,117,604$970,446$1,664,739
53$1,892,477$1,127,583$958,172$1,765,064
54$2,039,316$1,136,641$944,077$1,874,242
55$2,199,677$1,144,688$928,055$1,993,164
56$2,374,895$1,151,627$909,995$2,122,808
57$2,566,436$1,157,359$889,782$2,264,255
58$2,775,917$1,161,774$867,294$2,418,696
59$3,005,118$1,164,759$842,406$2,587,446
60$3,255,998$1,166,190$814,985$2,771,952
61$3,530,716$1,165,939$784,893$2,973,811
62$3,831,647$1,163,868$751,984$3,194,785
63$4,161,408$1,159,831$716,109$3,436,814
64$4,522,880$1,153,672$677,108$3,702,041
65$4,919,239$1,145,227$634,816$3,992,826
66$5,353,980$1,134,321$589,060$4,311,770
67$5,830,953$1,120,770$539,661$4,661,744
68$6,354,400$1,104,377$486,429$5,045,912
69$6,928,992$1,084,935$429,168$5,467,762
70$7,559,875$1,062,223$367,671$5,931,139
71$8,252,718$1,036,008$301,724$6,440,283
72$9,013,766$1,006,043$231,103$6,999,869
73$9,849,898$972,067$155,572$7,615,051
74$10,768,693$933,803$74,889$8,291,509
75$11,778,499$890,958$0$9,035,507
76$12,888,514$843,223$0$9,856,702
77$14,108,871$790,271$0$10,779,745
78$15,450,736$731,754$0$11,794,699
79$16,926,408$667,306$0$12,910,885
80$18,549,438$596,541$0$14,138,574
81$20,334,759$519,050$0$15,489,086
82$22,298,821$434,400$0$16,974,892
83$24,459,749$342,134$0$18,609,736
84$26,837,515$241,770$0$20,408,762
85$29,454,124$132,799$0$22,388,660
86$32,333,821$14,683$0$24,567,819
87$35,503,322$0$0$26,966,506
88$38,992,063$0$0$29,617,011
89$42,832,478$0$0$32,536,185
90$47,060,307$0$0$35,749,910
91$51,714,930$0$0$39,288,127
92$56,839,741$0$0$43,183,832
93$62,482,554$0$0$47,473,382
94$68,696,057$0$0$52,196,836
95$75,538,305$0$0$57,398,340
96$83,073,274$0$0$63,126,535
97$91,371,456$0$0$69,435,024
98$100,510,531$0$0$76,382,871
99$110,576,096$0$0$84,035,161
100$121,662,474$0$0$92,463,613