Can I retire at age 45 with 977,000?

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 $977,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$80,680$79,961$79,260$78,576$77,907$76,554
2 years$39,940$39,197$38,476$37,777$37,099$35,739
3 years$26,362$25,615$24,896$24,204$23,537$22,214
4 years$19,575$18,830$18,118$17,438$16,787$15,511
5 years$15,503$14,763$14,060$13,394$12,761$11,535
6 years$12,790$12,055$11,363$10,711$10,097$8,924
7 years$10,852$10,124$9,443$8,806$8,212$7,090
8 years$9,400$8,678$8,008$7,387$6,813$5,743
9 years$8,271$7,556$6,897$6,292$5,737$4,719
10 years$7,368$6,660$6,013$5,424$4,888$3,920
11 years$6,630$5,929$5,294$4,721$4,204$3,286
12 years$6,015$5,322$4,698$4,141$3,643$2,773
13 years$5,496$4,809$4,198$3,655$3,177$2,353
14 years$5,051$4,371$3,772$3,245$2,785$2,007
15 years$4,665$3,993$3,405$2,894$2,452$1,718
16 years$4,328$3,664$3,087$2,591$2,167$1,475
17 years$4,032$3,374$2,809$2,328$1,922$1,270
18 years$3,768$3,118$2,565$2,098$1,709$1,096
19 years$3,532$2,890$2,348$1,896$1,523$948
20 years$3,321$2,685$2,155$1,717$1,360$821
21 years$3,129$2,501$1,982$1,558$1,217$713
22 years$2,955$2,335$1,827$1,417$1,091$619
23 years$2,797$2,184$1,687$1,290$979$538
24 years$2,652$2,046$1,560$1,177$880$468
25 years$2,519$1,920$1,445$1,075$792$408
26 years$2,396$1,805$1,340$983$714$356
27 years$2,283$1,698$1,244$900$643$310
28 years$2,178$1,600$1,157$824$580$271
29 years$2,080$1,510$1,076$756$524$236
30 years$1,989$1,426$1,003$694$474$206
31 years$1,904$1,348$935$637$428$180
32 years$1,824$1,275$872$585$387$157
33 years$1,750$1,208$814$538$351$138
34 years$1,680$1,145$761$495$317$120
35 years$1,614$1,086$711$456$287$105
36 years$1,552$1,030$665$420$260$92
37 years$1,493$979$623$387$236$81
38 years$1,438$930$583$357$214$70
39 years$1,385$884$546$329$194$62
40 years$1,336$841$512$303$176$54
41 years$1,289$801$480$280$160$47
42 years$1,244$763$450$258$145$41
43 years$1,201$727$423$238$132$36
44 years$1,161$693$397$220$119$32
45 years$1,122$661$373$203$108$28
46 years$1,085$630$350$188$98$24
47 years$1,050$601$329$173$89$21
48 years$1,017$574$309$160$81$19
49 years$985$548$290$148$74$16
50 years$954$524$273$137$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $977,000, adding $6,548 every year, while hoping to spend $48,286 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: 72/7/21 Blend
44$977,000$977,000$977,000$977,000
45$1,083,408$1,031,627$1,016,484$1,155,418
46$1,142,540$1,030,801$999,160$1,203,392
47$1,206,085$1,028,316$979,638$1,249,527
48$1,274,442$1,024,040$957,792$1,298,849
49$1,348,049$1,017,832$933,492$1,351,667
50$1,427,389$1,009,545$906,603$1,408,323
51$1,512,989$999,019$876,980$1,469,193
52$1,605,430$986,087$844,476$1,534,694
53$1,705,351$970,572$808,933$1,605,285
54$1,813,453$952,287$770,188$1,681,475
55$1,930,508$931,031$728,072$1,763,823
56$2,057,363$906,595$682,405$1,852,949
57$2,194,950$878,754$633,002$1,949,535
58$2,344,294$847,273$579,667$2,054,335
59$2,506,524$811,901$522,198$2,168,181
60$2,682,879$772,374$460,381$2,291,993
61$2,874,725$728,412$393,996$2,426,784
62$3,083,561$679,718$322,809$2,573,674
63$3,311,041$625,981$246,580$2,733,898
64$3,558,982$566,869$165,055$2,908,820
65$3,829,384$502,031$77,970$3,099,944
66$4,124,450$431,100$0$3,308,931
67$4,446,604$353,684$0$3,540,966
68$4,798,513$269,370$0$3,813,580
69$5,183,116$177,723$0$4,111,583
70$5,603,645$78,283$0$4,437,506
71$6,063,661$0$0$4,794,138
72$6,567,085$0$0$5,186,819
73$7,118,234$0$0$5,623,374
74$7,721,861$0$0$6,101,543
75$8,383,201$0$0$6,625,481
76$9,108,020$0$0$7,199,759
77$9,902,667$0$0$7,829,416
78$10,774,135$0$0$8,520,000
79$11,730,127$0$0$9,277,620
80$12,779,126$0$0$10,109,008
81$13,930,479$0$0$11,021,577
82$15,194,477$0$0$12,023,494
83$16,582,460$0$0$13,123,755
84$18,106,920$0$0$14,332,269
85$19,781,615$0$0$15,659,953
86$21,621,704$0$0$17,118,833
87$23,643,888$0$0$18,722,158
88$25,866,562$0$0$20,484,524
89$28,309,995$0$0$22,422,012
90$30,996,517$0$0$24,552,338
91$33,950,730$0$0$26,895,020
92$37,199,739$0$0$29,471,564
93$40,773,407$0$0$32,305,663
94$44,704,636$0$0$35,423,421
95$49,029,680$0$0$38,853,603
96$53,788,481$0$0$42,627,898
97$59,025,049$0$0$46,781,225
98$64,787,878$0$0$51,352,058
99$71,130,396$0$0$56,382,788
100$78,111,477$0$0$61,920,127