Can I retire at age 45 with 976,000?

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 $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%19.9%
1 years$80,597$79,879$79,179$78,495$77,828$74,740
2 years$39,900$39,156$38,436$37,738$37,061$33,988
3 years$26,336$25,589$24,871$24,179$23,513$20,552
4 years$19,555$18,811$18,100$17,420$16,770$13,943
5 years$15,487$14,748$14,046$13,380$12,748$10,063
6 years$12,777$12,043$11,351$10,700$10,087$7,546
7 years$10,841$10,113$9,433$8,797$8,203$5,805
8 years$9,390$8,669$8,000$7,380$6,806$4,547
9 years$8,262$7,548$6,890$6,286$5,731$3,609
10 years$7,361$6,653$6,007$5,418$4,883$2,893
11 years$6,623$5,923$5,289$4,716$4,200$2,338
12 years$6,009$5,316$4,693$4,136$3,639$1,900
13 years$5,490$4,804$4,193$3,652$3,174$1,552
14 years$5,046$4,367$3,768$3,242$2,782$1,272
15 years$4,661$3,989$3,402$2,891$2,450$1,046
16 years$4,324$3,660$3,084$2,589$2,165$863
17 years$4,027$3,371$2,806$2,326$1,920$713
18 years$3,764$3,115$2,562$2,096$1,707$590
19 years$3,529$2,887$2,345$1,894$1,521$489
20 years$3,317$2,682$2,152$1,715$1,359$405
21 years$3,126$2,499$1,980$1,557$1,216$336
22 years$2,952$2,332$1,825$1,415$1,090$280
23 years$2,794$2,181$1,685$1,289$978$232
24 years$2,649$2,044$1,558$1,176$879$193
25 years$2,516$1,918$1,443$1,074$791$161
26 years$2,394$1,803$1,338$982$713$134
27 years$2,280$1,697$1,243$899$643$112
28 years$2,175$1,599$1,155$823$580$93
29 years$2,078$1,508$1,075$755$524$77
30 years$1,987$1,424$1,002$693$473$65
31 years$1,902$1,346$934$636$428$54
32 years$1,822$1,274$871$585$387$45
33 years$1,748$1,206$813$538$350$37
34 years$1,678$1,143$760$495$317$31
35 years$1,612$1,085$711$456$287$26
36 years$1,550$1,029$665$420$260$22
37 years$1,492$978$622$387$236$18
38 years$1,436$929$583$356$214$15
39 years$1,384$884$546$329$194$13
40 years$1,334$841$512$303$176$10
41 years$1,287$800$480$280$160$9
42 years$1,243$762$450$258$145$7
43 years$1,200$726$422$238$131$6
44 years$1,160$692$396$220$119$5
45 years$1,121$660$372$203$108$4
46 years$1,084$630$350$188$98$4
47 years$1,049$601$328$173$89$3
48 years$1,016$574$309$160$81$2
49 years$984$548$290$148$74$2
50 years$953$523$273$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $976,000, adding $5,174 every year, while hoping to spend $52,186 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: 64/15/21 Blend
44$976,000$976,000$976,000$976,000
45$1,080,889$1,029,161$1,014,033$1,143,923
46$1,135,614$1,024,064$992,478$1,181,888
47$1,194,172$1,016,969$968,451$1,216,996
48$1,256,899$1,007,722$941,815$1,254,144
49$1,324,163$996,160$912,427$1,293,535
50$1,396,369$982,113$880,134$1,335,394
51$1,473,959$965,397$844,779$1,379,971
52$1,557,421$945,820$806,197$1,427,544
53$1,647,289$923,176$764,216$1,478,419
54$1,744,151$897,250$718,656$1,532,940
55$1,848,651$867,812$669,327$1,591,482
56$1,961,498$834,620$616,034$1,654,466
57$2,083,470$797,416$558,571$1,722,354
58$2,215,423$755,928$496,722$1,795,663
59$2,358,298$709,870$430,264$1,874,961
60$2,513,129$658,938$358,962$1,960,879
61$2,681,052$602,810$282,571$2,054,116
62$2,863,318$541,147$200,836$2,155,444
63$3,061,302$473,589$113,490$2,265,720
64$3,276,518$399,757$20,255$2,385,891
65$3,510,629$319,251$0$2,517,004
66$3,765,466$231,648$0$2,677,975
67$4,043,044$136,499$0$2,858,327
68$4,345,581$33,334$0$3,055,006
69$4,675,516$0$0$3,269,654
70$5,035,535$0$0$3,517,014
71$5,428,594$0$0$3,793,145
72$5,857,947$0$0$4,094,840
73$6,327,177$0$0$4,424,624
74$6,840,227$0$0$4,785,277
75$7,401,440$0$0$5,179,862
76$8,015,598$0$0$5,611,748
77$8,687,965$0$0$6,084,647
78$9,424,339$0$0$6,602,649
79$10,231,104$0$0$7,170,254
80$11,115,292$0$0$7,792,419
81$12,084,647$0$0$8,474,606
82$13,147,696$0$0$9,222,828
83$14,313,836$0$0$10,043,708
84$15,593,411$0$0$10,944,543
85$16,997,819$0$0$11,933,369
86$18,539,614$0$0$13,019,038
87$20,232,625$0$0$14,211,302
88$22,092,084$0$0$15,520,903
89$24,134,774$0$0$16,959,676
90$26,379,182$0$0$18,540,655
91$28,845,673$0$0$20,278,204
92$31,556,684$0$0$22,188,145
93$34,536,934$0$0$24,287,909
94$37,813,655$0$0$26,596,700
95$41,416,852$0$0$29,135,679
96$45,379,581$0$0$31,928,156
97$49,738,261$0$0$34,999,815
98$54,533,020$0$0$38,378,956
99$59,808,071$0$0$42,096,758
100$65,612,126$0$0$46,187,575