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%12.5%
1 years$80,680$79,961$79,260$78,576$77,907$77,094
2 years$39,940$39,197$38,476$37,777$37,099$36,279
3 years$26,362$25,615$24,896$24,204$23,537$22,737
4 years$19,575$18,830$18,118$17,438$16,787$16,013
5 years$15,503$14,763$14,060$13,394$12,761$12,015
6 years$12,790$12,055$11,363$10,711$10,097$9,381
7 years$10,852$10,124$9,443$8,806$8,212$7,525
8 years$9,400$8,678$8,008$7,387$6,813$6,155
9 years$8,271$7,556$6,897$6,292$5,737$5,108
10 years$7,368$6,660$6,013$5,424$4,888$4,288
11 years$6,630$5,929$5,294$4,721$4,204$3,632
12 years$6,015$5,322$4,698$4,141$3,643$3,099
13 years$5,496$4,809$4,198$3,655$3,177$2,659
14 years$5,051$4,371$3,772$3,245$2,785$2,294
15 years$4,665$3,993$3,405$2,894$2,452$1,986
16 years$4,328$3,664$3,087$2,591$2,167$1,726
17 years$4,032$3,374$2,809$2,328$1,922$1,504
18 years$3,768$3,118$2,565$2,098$1,709$1,314
19 years$3,532$2,890$2,348$1,896$1,523$1,151
20 years$3,321$2,685$2,155$1,717$1,360$1,010
21 years$3,129$2,501$1,982$1,558$1,217$887
22 years$2,955$2,335$1,827$1,417$1,091$781
23 years$2,797$2,184$1,687$1,290$979$688
24 years$2,652$2,046$1,560$1,177$880$606
25 years$2,519$1,920$1,445$1,075$792$535
26 years$2,396$1,805$1,340$983$714$473
27 years$2,283$1,698$1,244$900$643$418
28 years$2,178$1,600$1,157$824$580$370
29 years$2,080$1,510$1,076$756$524$327
30 years$1,989$1,426$1,003$694$474$290
31 years$1,904$1,348$935$637$428$257
32 years$1,824$1,275$872$585$387$228
33 years$1,750$1,208$814$538$351$202
34 years$1,680$1,145$761$495$317$179
35 years$1,614$1,086$711$456$287$159
36 years$1,552$1,030$665$420$260$141
37 years$1,493$979$623$387$236$125
38 years$1,438$930$583$357$214$111
39 years$1,385$884$546$329$194$98
40 years$1,336$841$512$303$176$87
41 years$1,289$801$480$280$160$78
42 years$1,244$763$450$258$145$69
43 years$1,201$727$423$238$132$61
44 years$1,161$693$397$220$119$54
45 years$1,122$661$373$203$108$48
46 years$1,085$630$350$188$98$43
47 years$1,050$601$329$173$89$38
48 years$1,017$574$309$160$81$34
49 years$985$548$290$148$74$30
50 years$954$524$273$137$67$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $977,000, adding $2,544 every year, while hoping to spend $44,708 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: 63/22/15 Blend
44$977,000$977,000$977,000$977,000
45$1,079,278$1,027,497$1,012,354$1,143,155
46$1,141,796$1,030,276$998,699$1,189,102
47$1,209,191$1,031,692$983,088$1,233,919
48$1,281,916$1,031,632$965,408$1,281,777
49$1,360,464$1,029,974$945,542$1,332,976
50$1,445,379$1,026,591$923,366$1,387,842
51$1,537,260$1,021,346$898,750$1,446,740
52$1,636,762$1,014,094$871,560$1,510,072
53$1,744,609$1,004,682$841,655$1,578,282
54$1,861,595$992,946$808,886$1,651,862
55$1,988,593$978,716$773,098$1,731,353
56$2,126,563$961,807$734,131$1,817,356
57$2,276,564$942,026$691,816$1,910,534
58$2,439,756$919,169$645,975$2,011,619
59$2,617,421$893,018$596,424$2,121,422
60$2,810,964$863,342$542,971$2,240,836
61$3,021,936$829,899$485,414$2,370,850
62$3,252,041$792,432$423,543$2,512,555
63$3,503,156$750,668$357,138$2,667,158
64$3,777,345$704,318$285,970$2,835,991
65$4,076,884$653,079$209,799$3,020,525
66$4,404,274$596,627$128,375$3,222,384
67$4,762,271$534,624$41,437$3,443,364
68$5,153,911$466,708$0$3,685,445
69$5,582,533$392,500$0$3,959,033
70$6,051,816$311,597$0$4,265,938
71$6,565,812$223,576$0$4,602,235
72$7,128,982$127,989$0$4,970,918
73$7,746,240$24,361$0$5,375,288
74$8,422,995$0$0$5,818,988
75$9,165,209$0$0$6,327,288
76$9,979,446$0$0$6,891,453
77$10,872,935$0$0$7,510,606
78$11,853,642$0$0$8,190,273
79$12,930,337$0$0$8,936,543
80$14,112,686$0$0$9,756,126
81$15,411,333$0$0$10,656,410
82$16,838,006$0$0$11,645,535
83$18,405,623$0$0$12,732,469
84$20,128,416$0$0$13,927,092
85$22,022,064$0$0$15,240,288
86$24,103,842$0$0$16,684,048
87$26,392,781$0$0$18,271,582
88$28,909,847$0$0$20,017,447
89$31,678,142$0$0$21,937,678
90$34,723,117$0$0$24,049,944
91$38,072,814$0$0$26,373,711
92$41,758,130$0$0$28,930,429
93$45,813,108$0$0$31,743,730
94$50,275,256$0$0$34,839,653
95$55,185,904$0$0$38,246,889
96$60,590,589$0$0$41,997,052
97$66,539,487$0$0$46,124,974
98$73,087,885$0$0$50,669,037
99$80,296,703$0$0$55,671,533
100$88,233,067$0$0$61,179,062