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%18.4%
1 years$82,331$81,598$80,882$80,184$79,502$76,804
2 years$40,758$39,999$39,263$38,550$37,858$35,167
3 years$26,902$26,140$25,406$24,699$24,019$21,418
4 years$19,976$19,216$18,489$17,795$17,130$14,641
5 years$15,821$15,065$14,348$13,668$13,022$10,651
6 years$13,052$12,302$11,596$10,930$10,304$8,053
7 years$11,075$10,331$9,636$8,986$8,380$6,248
8 years$9,592$8,856$8,172$7,538$6,952$4,938
9 years$8,440$7,710$7,039$6,421$5,855$3,956
10 years$7,519$6,796$6,136$5,535$4,988$3,202
11 years$6,766$6,050$5,402$4,817$4,290$2,612
12 years$6,139$5,431$4,794$4,225$3,718$2,145
13 years$5,608$4,908$4,284$3,730$3,242$1,770
14 years$5,154$4,461$3,849$3,311$2,842$1,466
15 years$4,761$4,075$3,475$2,953$2,502$1,219
16 years$4,417$3,739$3,151$2,644$2,211$1,016
17 years$4,114$3,443$2,867$2,376$1,961$848
18 years$3,845$3,182$2,617$2,141$1,744$710
19 years$3,605$2,949$2,396$1,935$1,554$595
20 years$3,388$2,740$2,199$1,752$1,388$499
21 years$3,193$2,552$2,022$1,590$1,242$419
22 years$3,016$2,383$1,864$1,446$1,113$353
23 years$2,854$2,228$1,721$1,317$999$297
24 years$2,706$2,088$1,592$1,201$898$250
25 years$2,570$1,959$1,474$1,097$808$210
26 years$2,445$1,841$1,367$1,003$728$177
27 years$2,329$1,733$1,270$918$657$149
28 years$2,222$1,633$1,180$841$592$126
29 years$2,122$1,541$1,098$771$535$106
30 years$2,029$1,455$1,023$708$483$90
31 years$1,943$1,375$954$650$437$76
32 years$1,862$1,301$890$597$395$64
33 years$1,785$1,232$831$549$358$54
34 years$1,714$1,168$776$505$324$45
35 years$1,647$1,108$726$465$293$38
36 years$1,583$1,052$679$429$266$32
37 years$1,524$999$636$395$241$27
38 years$1,467$949$595$364$218$23
39 years$1,414$903$558$336$198$20
40 years$1,363$859$523$310$180$16
41 years$1,315$817$490$286$163$14
42 years$1,269$778$460$264$148$12
43 years$1,226$742$431$243$134$10
44 years$1,185$707$405$225$122$8
45 years$1,145$674$380$207$111$7
46 years$1,108$643$357$192$100$6
47 years$1,072$614$335$177$91$5
48 years$1,038$586$315$164$83$4
49 years$1,005$560$296$151$75$4
50 years$973$534$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $997,000, adding $4,442 every year, while hoping to spend $57,378 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: 64/21/15 Blend
44$997,000$997,000$997,000$997,000
45$1,103,276$1,050,435$1,034,981$1,169,597
46$1,154,760$1,040,856$1,008,604$1,204,999
47$1,209,573$1,028,886$979,419$1,236,651
48$1,267,993$1,014,345$947,273$1,269,826
49$1,330,326$997,045$912,004$1,304,675
50$1,396,906$976,787$873,443$1,341,362
51$1,468,100$953,359$831,413$1,380,073
52$1,544,310$926,538$785,730$1,421,013
53$1,625,978$896,086$736,199$1,464,411
54$1,713,586$861,753$682,620$1,510,522
55$1,807,665$823,272$624,782$1,559,630
56$1,908,799$780,364$562,464$1,612,049
57$2,017,625$732,731$495,435$1,668,130
58$2,134,848$680,059$423,457$1,728,261
59$2,261,236$622,016$346,277$1,792,874
60$2,397,638$558,251$263,633$1,862,449
61$2,544,985$488,393$175,252$1,937,518
62$2,704,299$412,050$80,849$2,018,673
63$2,876,704$328,807$0$2,106,569
64$3,063,436$238,227$0$2,205,118
65$3,265,854$139,847$0$2,325,957
66$3,485,452$33,181$0$2,457,080
67$3,723,873$0$0$2,599,531
68$3,982,925$0$0$2,773,480
69$4,264,596$0$0$2,971,015
70$4,571,072$0$0$3,186,010
71$4,904,760$0$0$3,420,161
72$5,268,310$0$0$3,675,335
73$5,664,634$0$0$3,953,585
74$6,096,940$0$0$4,257,172
75$6,568,759$0$0$4,588,586
76$7,083,976$0$0$4,950,565
77$7,646,869$0$0$5,346,125
78$8,262,147$0$0$5,778,586
79$8,934,996$0$0$6,251,604
80$9,671,124$0$0$6,769,203
81$10,476,816$0$0$7,335,815
82$11,358,996$0$0$7,956,320
83$12,325,284$0$0$8,636,093
84$13,384,075$0$0$9,381,052
85$14,544,614$0$0$10,197,715
86$15,817,082$0$0$11,093,261
87$17,212,692$0$0$12,075,597
88$18,743,796$0$0$13,153,433
89$20,423,998$0$0$14,336,361
90$22,268,283$0$0$15,634,947
91$24,293,158$0$0$17,060,833
92$26,516,805$0$0$18,626,838
93$28,959,256$0$0$20,347,090
94$31,642,575$0$0$22,237,146
95$34,591,072$0$0$24,314,150
96$37,831,525$0$0$26,596,987
97$41,393,437$0$0$29,106,460
98$45,309,312$0$0$31,865,492
99$49,614,959$0$0$34,899,336
100$54,349,832$0$0$38,235,814