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%14.5%
1 years$80,680$79,961$79,260$78,576$77,907$76,459
2 years$39,940$39,197$38,476$37,777$37,099$35,645
3 years$26,362$25,615$24,896$24,204$23,537$22,124
4 years$19,575$18,830$18,118$17,438$16,787$15,424
5 years$15,503$14,763$14,060$13,394$12,761$11,453
6 years$12,790$12,055$11,363$10,711$10,097$8,845
7 years$10,852$10,124$9,443$8,806$8,212$7,016
8 years$9,400$8,678$8,008$7,387$6,813$5,673
9 years$8,271$7,556$6,897$6,292$5,737$4,653
10 years$7,368$6,660$6,013$5,424$4,888$3,859
11 years$6,630$5,929$5,294$4,721$4,204$3,228
12 years$6,015$5,322$4,698$4,141$3,643$2,719
13 years$5,496$4,809$4,198$3,655$3,177$2,303
14 years$5,051$4,371$3,772$3,245$2,785$1,960
15 years$4,665$3,993$3,405$2,894$2,452$1,674
16 years$4,328$3,664$3,087$2,591$2,167$1,435
17 years$4,032$3,374$2,809$2,328$1,922$1,233
18 years$3,768$3,118$2,565$2,098$1,709$1,062
19 years$3,532$2,890$2,348$1,896$1,523$916
20 years$3,321$2,685$2,155$1,717$1,360$792
21 years$3,129$2,501$1,982$1,558$1,217$685
22 years$2,955$2,335$1,827$1,417$1,091$594
23 years$2,797$2,184$1,687$1,290$979$515
24 years$2,652$2,046$1,560$1,177$880$447
25 years$2,519$1,920$1,445$1,075$792$389
26 years$2,396$1,805$1,340$983$714$338
27 years$2,283$1,698$1,244$900$643$294
28 years$2,178$1,600$1,157$824$580$256
29 years$2,080$1,510$1,076$756$524$223
30 years$1,989$1,426$1,003$694$474$194
31 years$1,904$1,348$935$637$428$169
32 years$1,824$1,275$872$585$387$147
33 years$1,750$1,208$814$538$351$129
34 years$1,680$1,145$761$495$317$112
35 years$1,614$1,086$711$456$287$98
36 years$1,552$1,030$665$420$260$85
37 years$1,493$979$623$387$236$74
38 years$1,438$930$583$357$214$65
39 years$1,385$884$546$329$194$57
40 years$1,336$841$512$303$176$49
41 years$1,289$801$480$280$160$43
42 years$1,244$763$450$258$145$38
43 years$1,201$727$423$238$132$33
44 years$1,161$693$397$220$119$29
45 years$1,122$661$373$203$108$25
46 years$1,085$630$350$188$98$22
47 years$1,050$601$329$173$89$19
48 years$1,017$574$309$160$81$17
49 years$985$548$290$148$74$15
50 years$954$524$273$137$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $977,000, adding $3,789 every year, while hoping to spend $30,459 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: 49/42/9 Blend
44$977,000$977,000$977,000$977,000
45$1,080,562$1,028,781$1,013,638$1,130,739
46$1,158,372$1,046,783$1,015,187$1,183,501
47$1,243,096$1,064,647$1,015,766$1,237,250
48$1,335,410$1,082,333$1,015,312$1,294,925
49$1,436,054$1,099,799$1,013,757$1,356,901
50$1,545,843$1,117,000$1,011,030$1,423,592
51$1,665,675$1,133,889$1,007,055$1,495,455
52$1,796,537$1,150,413$1,001,755$1,572,993
53$1,939,518$1,166,517$995,047$1,656,762
54$2,095,814$1,182,142$986,847$1,747,373
55$2,266,744$1,197,225$977,064$1,845,504
56$2,453,760$1,211,696$965,603$1,951,898
57$2,658,459$1,225,485$952,367$2,067,377
58$2,882,602$1,238,514$937,251$2,192,850
59$3,128,126$1,250,699$920,147$2,329,315
60$3,397,166$1,261,954$900,943$2,477,875
61$3,692,071$1,272,185$879,519$2,639,749
62$4,015,432$1,281,292$855,753$2,816,279
63$4,370,099$1,289,167$829,513$3,008,944
64$4,759,212$1,295,700$800,665$3,219,379
65$5,186,230$1,300,768$769,066$3,449,386
66$5,654,964$1,304,244$734,568$3,700,951
67$6,169,611$1,305,992$697,017$3,976,267
68$6,734,794$1,305,869$656,249$4,277,752
69$7,355,606$1,303,719$612,096$4,608,073
70$8,037,657$1,299,380$564,381$4,970,170
71$8,787,128$1,292,680$512,918$5,367,289
72$9,610,829$1,283,436$457,514$5,803,008
73$10,516,261$1,271,451$397,968$6,281,272
74$11,511,688$1,256,521$334,069$6,806,435
75$12,606,217$1,238,427$265,597$7,383,297
76$13,809,877$1,216,936$192,321$8,017,150
77$15,133,723$1,191,804$114,002$8,713,833
78$16,589,931$1,162,771$30,389$9,479,784
79$18,191,918$1,129,561$0$10,322,102
80$19,954,467$1,091,882$0$11,254,266
81$21,893,865$1,049,428$0$12,282,741
82$24,028,060$1,001,870$0$13,414,151
83$26,376,824$948,864$0$14,659,023
84$28,961,947$890,044$0$16,028,960
85$31,807,434$825,025$0$17,536,756
86$34,939,740$753,399$0$19,196,515
87$38,388,010$674,733$0$21,023,785
88$42,184,364$588,571$0$23,035,708
89$46,364,190$494,432$0$25,251,181
90$50,966,484$391,806$0$27,691,038
91$56,034,217$280,156$0$30,378,244
92$61,614,737$158,913$0$33,338,116
93$67,760,218$27,478$0$36,598,562
94$74,528,153$0$0$40,190,349
95$81,981,893$0$0$44,200,439
96$90,191,249$0$0$48,631,181
97$99,233,146$0$0$53,511,410
98$109,192,351$0$0$58,886,898
99$120,162,275$0$0$64,808,082
100$132,245,848$0$0$71,330,540