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%19.4%
1 years$80,680$79,961$79,260$78,576$77,907$74,964
2 years$39,940$39,197$38,476$37,777$37,099$34,168
3 years$26,362$25,615$24,896$24,204$23,537$20,710
4 years$19,575$18,830$18,118$17,438$16,787$14,086
5 years$15,503$14,763$14,060$13,394$12,761$10,193
6 years$12,790$12,055$11,363$10,711$10,097$7,664
7 years$10,852$10,124$9,443$8,806$8,212$5,913
8 years$9,400$8,678$8,008$7,387$6,813$4,645
9 years$8,271$7,556$6,897$6,292$5,737$3,698
10 years$7,368$6,660$6,013$5,424$4,888$2,975
11 years$6,630$5,929$5,294$4,721$4,204$2,411
12 years$6,015$5,322$4,698$4,141$3,643$1,966
13 years$5,496$4,809$4,198$3,655$3,177$1,612
14 years$5,051$4,371$3,772$3,245$2,785$1,326
15 years$4,665$3,993$3,405$2,894$2,452$1,094
16 years$4,328$3,664$3,087$2,591$2,167$905
17 years$4,032$3,374$2,809$2,328$1,922$751
18 years$3,768$3,118$2,565$2,098$1,709$623
19 years$3,532$2,890$2,348$1,896$1,523$519
20 years$3,321$2,685$2,155$1,717$1,360$432
21 years$3,129$2,501$1,982$1,558$1,217$360
22 years$2,955$2,335$1,827$1,417$1,091$300
23 years$2,797$2,184$1,687$1,290$979$251
24 years$2,652$2,046$1,560$1,177$880$209
25 years$2,519$1,920$1,445$1,075$792$175
26 years$2,396$1,805$1,340$983$714$146
27 years$2,283$1,698$1,244$900$643$122
28 years$2,178$1,600$1,157$824$580$102
29 years$2,080$1,510$1,076$756$524$86
30 years$1,989$1,426$1,003$694$474$72
31 years$1,904$1,348$935$637$428$60
32 years$1,824$1,275$872$585$387$50
33 years$1,750$1,208$814$538$351$42
34 years$1,680$1,145$761$495$317$35
35 years$1,614$1,086$711$456$287$29
36 years$1,552$1,030$665$420$260$25
37 years$1,493$979$623$387$236$21
38 years$1,438$930$583$357$214$17
39 years$1,385$884$546$329$194$14
40 years$1,336$841$512$303$176$12
41 years$1,289$801$480$280$160$10
42 years$1,244$763$450$258$145$8
43 years$1,201$727$423$238$132$7
44 years$1,161$693$397$220$119$6
45 years$1,122$661$373$203$108$5
46 years$1,085$630$350$188$98$4
47 years$1,050$601$329$173$89$3
48 years$1,017$574$309$160$81$3
49 years$985$548$290$148$74$2
50 years$954$524$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 $977,000, adding $6,727 every year, while hoping to spend $41,177 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: 63/25/12 Blend
44$977,000$977,000$977,000$977,000
45$1,083,593$1,031,812$1,016,668$1,148,416
46$1,150,307$1,038,559$1,006,915$1,199,380
47$1,222,447$1,044,256$995,454$1,249,647
48$1,300,521$1,048,809$982,186$1,303,514
49$1,385,090$1,052,116$967,006$1,361,330
50$1,476,770$1,054,072$949,802$1,423,481
51$1,576,240$1,054,560$930,459$1,490,394
52$1,684,243$1,053,461$908,857$1,562,539
53$1,801,601$1,050,645$884,868$1,640,437
54$1,929,215$1,045,977$858,362$1,724,660
55$2,068,077$1,039,312$829,199$1,815,844
56$2,219,278$1,030,495$797,234$1,914,687
57$2,384,019$1,019,365$762,317$2,021,963
58$2,563,623$1,005,748$724,288$2,138,524
59$2,759,545$989,462$682,984$2,265,312
60$2,973,385$970,312$638,230$2,403,366
61$3,206,906$948,093$589,847$2,553,835
62$3,462,049$922,588$537,645$2,717,984
63$3,740,949$893,566$481,428$2,897,213
64$4,045,959$860,784$420,989$3,093,065
65$4,379,669$823,984$356,114$3,307,244
66$4,744,929$782,893$286,577$3,541,630
67$5,144,879$737,222$212,145$3,798,298
68$5,582,977$686,667$132,573$4,079,538
69$6,063,031$630,904$47,604$4,387,878
70$6,589,234$569,592$0$4,726,108
71$7,166,204$502,370$0$5,102,818
72$7,799,029$428,858$0$5,522,755
73$8,493,311$348,653$0$5,983,598
74$9,255,221$261,330$0$6,489,523
75$10,091,558$166,439$0$7,045,130
76$11,009,808$63,505$0$7,655,492
77$12,018,220$0$0$8,326,206
78$13,125,881$0$0$9,076,636
79$14,342,800$0$0$9,920,356
80$15,680,004$0$0$10,847,549
81$17,149,642$0$0$11,866,649
82$18,765,096$0$0$12,986,945
83$20,541,112$0$0$14,218,673
84$22,493,933$0$0$15,573,109
85$24,641,458$0$0$17,062,679
86$27,003,404$0$0$18,701,069
87$29,601,497$0$0$20,503,362
88$32,459,674$0$0$22,486,175
89$35,604,307$0$0$24,667,816
90$39,064,457$0$0$27,068,458
91$42,872,139$0$0$29,710,328
92$47,062,633$0$0$32,617,917
93$51,674,810$0$0$35,818,209
94$56,751,500$0$0$39,340,940
95$62,339,897$0$0$43,218,870
96$68,492,002$0$0$47,488,102
97$75,265,115$0$0$52,188,415
98$82,722,374$0$0$57,363,639
99$90,933,351$0$0$63,062,075
100$99,974,706$0$0$69,336,943