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%12.6%
1 years$80,597$79,879$79,179$78,495$77,828$76,983
2 years$39,900$39,156$38,436$37,738$37,061$36,210
3 years$26,336$25,589$24,871$24,179$23,513$22,683
4 years$19,555$18,811$18,100$17,420$16,770$15,967
5 years$15,487$14,748$14,046$13,380$12,748$11,974
6 years$12,777$12,043$11,351$10,700$10,087$9,344
7 years$10,841$10,113$9,433$8,797$8,203$7,491
8 years$9,390$8,669$8,000$7,380$6,806$6,123
9 years$8,262$7,548$6,890$6,286$5,731$5,079
10 years$7,361$6,653$6,007$5,418$4,883$4,261
11 years$6,623$5,923$5,289$4,716$4,200$3,607
12 years$6,009$5,316$4,693$4,136$3,639$3,075
13 years$5,490$4,804$4,193$3,652$3,174$2,638
14 years$5,046$4,367$3,768$3,242$2,782$2,273
15 years$4,661$3,989$3,402$2,891$2,450$1,967
16 years$4,324$3,660$3,084$2,589$2,165$1,708
17 years$4,027$3,371$2,806$2,326$1,920$1,488
18 years$3,764$3,115$2,562$2,096$1,707$1,299
19 years$3,529$2,887$2,345$1,894$1,521$1,137
20 years$3,317$2,682$2,152$1,715$1,359$996
21 years$3,126$2,499$1,980$1,557$1,216$875
22 years$2,952$2,332$1,825$1,415$1,090$769
23 years$2,794$2,181$1,685$1,289$978$677
24 years$2,649$2,044$1,558$1,176$879$597
25 years$2,516$1,918$1,443$1,074$791$526
26 years$2,394$1,803$1,338$982$713$465
27 years$2,280$1,697$1,243$899$643$410
28 years$2,175$1,599$1,155$823$580$363
29 years$2,078$1,508$1,075$755$524$321
30 years$1,987$1,424$1,002$693$473$284
31 years$1,902$1,346$934$636$428$251
32 years$1,822$1,274$871$585$387$223
33 years$1,748$1,206$813$538$350$197
34 years$1,678$1,143$760$495$317$175
35 years$1,612$1,085$711$456$287$155
36 years$1,550$1,029$665$420$260$137
37 years$1,492$978$622$387$236$122
38 years$1,436$929$583$356$214$108
39 years$1,384$884$546$329$194$96
40 years$1,334$841$512$303$176$85
41 years$1,287$800$480$280$160$75
42 years$1,243$762$450$258$145$67
43 years$1,200$726$422$238$131$59
44 years$1,160$692$396$220$119$53
45 years$1,121$660$372$203$108$47
46 years$1,084$630$350$188$98$41
47 years$1,049$601$328$173$89$37
48 years$1,016$574$309$160$81$33
49 years$984$548$290$148$74$29
50 years$953$523$273$137$67$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $976,000, adding $6,531 every year, while hoping to spend $30,931 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: 80/7/13 Blend
44$976,000$976,000$976,000$976,000
45$1,082,289$1,030,561$1,015,433$1,165,646
46$1,159,772$1,048,148$1,016,539$1,238,939
47$1,244,122$1,065,560$1,016,646$1,314,688
48$1,336,006$1,082,756$1,015,688$1,396,922
49$1,436,159$1,099,692$1,013,594$1,486,278
50$1,545,390$1,116,320$1,010,292$1,583,455
51$1,664,589$1,132,589$1,005,706$1,689,224
52$1,794,736$1,148,444$999,756$1,804,435
53$1,936,909$1,163,828$992,358$1,930,022
54$2,092,295$1,178,677$983,424$2,067,016
55$2,262,203$1,192,926$972,862$2,216,552
56$2,448,070$1,206,502$960,576$2,379,882
57$2,651,483$1,219,330$946,464$2,558,383
58$2,874,185$1,231,328$930,422$2,753,573
59$3,118,099$1,242,411$912,338$2,967,126
60$3,385,341$1,252,484$892,097$3,200,885
61$3,678,241$1,261,451$869,577$3,456,882
62$3,999,366$1,269,207$844,653$3,737,354
63$4,351,543$1,275,640$817,190$4,044,768
64$4,737,886$1,280,631$787,052$4,381,842
65$5,161,824$1,284,056$754,091$4,751,571
66$5,627,135$1,285,779$718,158$5,157,255
67$6,137,979$1,285,660$679,094$5,602,531
68$6,698,942$1,283,546$636,732$6,091,406
69$7,315,072$1,279,278$590,901$6,628,299
70$7,991,932$1,272,684$541,418$7,218,075
71$8,735,649$1,263,586$488,096$7,866,098
72$9,552,974$1,251,791$430,736$8,578,281
73$10,451,344$1,237,095$369,132$9,361,136
74$11,438,953$1,219,285$303,070$10,221,843
75$12,524,828$1,198,132$232,325$11,168,312
76$13,718,914$1,173,393$156,661$12,209,264
77$15,032,168$1,144,814$75,834$13,354,305
78$16,476,662$1,112,123$0$14,614,026
79$18,065,698$1,075,034$0$16,001,541
80$19,813,931$1,033,242$0$17,539,584
81$21,737,508$986,427$0$19,231,838
82$23,854,220$934,248$0$21,093,962
83$26,183,671$876,347$0$23,143,212
84$28,747,460$812,342$0$25,398,601
85$31,569,386$741,832$0$27,881,083
86$34,675,674$664,393$0$30,613,743
87$38,095,219$579,574$0$33,622,025
88$41,859,860$486,902$0$36,933,962
89$46,004,681$385,876$0$40,580,446
90$50,568,340$275,965$0$44,595,520
91$55,593,435$156,611$0$49,016,696
92$61,126,903$27,223$0$53,885,313
93$67,220,468$0$0$59,246,922
94$73,931,122$0$0$65,160,411
95$81,321,670$0$0$71,675,374
96$89,461,315$0$0$78,850,724
97$98,426,317$0$0$86,753,691
98$108,300,707$0$0$95,458,356
99$119,177,084$0$0$105,046,354
100$131,157,487$0$0$115,607,642