Can I retire at age 45 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$82,331$81,598$80,882$80,184$79,502$77,517
2 years$40,758$39,999$39,263$38,550$37,858$35,871
3 years$26,902$26,140$25,406$24,699$24,019$22,091
4 years$19,976$19,216$18,489$17,795$17,130$15,278
5 years$15,821$15,065$14,348$13,668$13,022$11,249
6 years$13,052$12,302$11,596$10,930$10,304$8,613
7 years$11,075$10,331$9,636$8,986$8,380$6,771
8 years$9,592$8,856$8,172$7,538$6,952$5,424
9 years$8,440$7,710$7,039$6,421$5,855$4,406
10 years$7,519$6,796$6,136$5,535$4,988$3,618
11 years$6,766$6,050$5,402$4,817$4,290$2,996
12 years$6,139$5,431$4,794$4,225$3,718$2,497
13 years$5,608$4,908$4,284$3,730$3,242$2,093
14 years$5,154$4,461$3,849$3,311$2,842$1,762
15 years$4,761$4,075$3,475$2,953$2,502$1,488
16 years$4,417$3,739$3,151$2,644$2,211$1,261
17 years$4,114$3,443$2,867$2,376$1,961$1,071
18 years$3,845$3,182$2,617$2,141$1,744$912
19 years$3,605$2,949$2,396$1,935$1,554$777
20 years$3,388$2,740$2,199$1,752$1,388$664
21 years$3,193$2,552$2,022$1,590$1,242$568
22 years$3,016$2,383$1,864$1,446$1,113$486
23 years$2,854$2,228$1,721$1,317$999$416
24 years$2,706$2,088$1,592$1,201$898$357
25 years$2,570$1,959$1,474$1,097$808$306
26 years$2,445$1,841$1,367$1,003$728$263
27 years$2,329$1,733$1,270$918$657$226
28 years$2,222$1,633$1,180$841$592$194
29 years$2,122$1,541$1,098$771$535$167
30 years$2,029$1,455$1,023$708$483$143
31 years$1,943$1,375$954$650$437$123
32 years$1,862$1,301$890$597$395$106
33 years$1,785$1,232$831$549$358$91
34 years$1,714$1,168$776$505$324$78
35 years$1,647$1,108$726$465$293$68
36 years$1,583$1,052$679$429$266$58
37 years$1,524$999$636$395$241$50
38 years$1,467$949$595$364$218$43
39 years$1,414$903$558$336$198$37
40 years$1,363$859$523$310$180$32
41 years$1,315$817$490$286$163$27
42 years$1,269$778$460$264$148$24
43 years$1,226$742$431$243$134$20
44 years$1,185$707$405$225$122$18
45 years$1,145$674$380$207$111$15
46 years$1,108$643$357$192$100$13
47 years$1,072$614$335$177$91$11
48 years$1,038$586$315$164$83$10
49 years$1,005$560$296$151$75$8
50 years$973$534$279$140$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $997,000, adding $6,186 every year, while hoping to spend $24,353 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: 59/12/29 Blend
44$997,000$997,000$997,000$997,000
45$1,105,075$1,052,234$1,036,780$1,161,208
46$1,191,881$1,077,882$1,045,601$1,225,967
47$1,286,725$1,103,971$1,053,901$1,293,466
48$1,390,402$1,130,496$1,061,637$1,366,596
49$1,503,785$1,157,452$1,068,764$1,445,910
50$1,627,837$1,184,833$1,075,234$1,532,020
51$1,763,619$1,212,632$1,080,997$1,625,599
52$1,912,297$1,240,840$1,085,999$1,727,389
53$2,075,157$1,269,447$1,090,186$1,838,208
54$2,253,615$1,298,442$1,093,499$1,958,958
55$2,449,230$1,327,812$1,095,877$2,090,631
56$2,663,718$1,357,541$1,097,256$2,234,325
57$2,898,971$1,387,615$1,097,568$2,391,245
58$3,157,071$1,418,013$1,096,742$2,562,723
59$3,440,314$1,448,718$1,094,704$2,750,226
60$3,751,226$1,479,705$1,091,377$2,955,370
61$4,092,591$1,510,950$1,086,678$3,179,940
62$4,467,476$1,542,427$1,080,522$3,425,898
63$4,879,258$1,574,106$1,072,819$3,695,411
64$5,331,659$1,605,954$1,063,475$3,990,866
65$5,828,779$1,637,936$1,052,392$4,314,896
66$6,375,133$1,670,014$1,039,466$4,670,400
67$6,975,698$1,702,146$1,024,590$5,060,576
68$7,635,955$1,734,287$1,007,649$5,488,950
69$8,361,944$1,766,388$988,526$5,959,405
70$9,160,317$1,798,396$967,097$6,476,224
71$10,038,407$1,830,254$943,232$7,044,128
72$11,004,289$1,861,902$916,795$7,668,320
73$12,066,863$1,893,272$887,645$8,354,535
74$13,235,935$1,924,293$855,632$9,109,095
75$14,522,306$1,954,889$820,602$9,938,967
76$15,937,881$1,984,979$782,391$10,851,833
77$17,495,775$2,014,473$740,831$11,856,158
78$19,210,439$2,043,277$695,745$12,961,273
79$21,097,797$2,071,291$646,945$14,177,463
80$23,175,394$2,098,406$594,240$15,516,064
81$25,462,564$2,124,507$537,426$16,989,571
82$27,980,607$2,149,470$476,292$18,611,755
83$30,752,999$2,173,164$410,617$20,397,796
84$33,805,603$2,195,447$340,171$22,364,425
85$37,166,920$2,216,170$264,713$24,530,079
86$40,868,356$2,235,172$183,991$26,915,084
87$44,944,516$2,252,283$97,742$29,541,840
88$49,433,533$2,267,322$5,693$32,435,034
89$54,377,428$2,280,094$0$35,621,879
90$59,822,502$2,290,396$0$39,160,997
91$65,819,779$2,298,007$0$43,060,549
92$72,425,483$2,302,696$0$47,355,298
93$79,701,570$2,304,216$0$52,085,494
94$87,716,311$2,302,303$0$57,295,492
95$96,544,939$2,296,680$0$63,034,172
96$106,270,356$2,287,051$0$69,355,396
97$116,983,918$2,273,101$0$76,318,522
98$128,786,293$2,254,499$0$83,988,959
99$141,788,416$2,230,891$0$92,438,791
100$156,112,532$2,201,902$0$101,747,450