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%19%
1 years$82,331$81,598$80,882$80,184$79,502$76,620
2 years$40,758$39,999$39,263$38,550$37,858$34,986
3 years$26,902$26,140$25,406$24,699$24,019$21,247
4 years$19,976$19,216$18,489$17,795$17,130$14,481
5 years$15,821$15,065$14,348$13,668$13,022$10,501
6 years$13,052$12,302$11,596$10,930$10,304$7,913
7 years$11,075$10,331$9,636$8,986$8,380$6,119
8 years$9,592$8,856$8,172$7,538$6,952$4,818
9 years$8,440$7,710$7,039$6,421$5,855$3,846
10 years$7,519$6,796$6,136$5,535$4,988$3,101
11 years$6,766$6,050$5,402$4,817$4,290$2,520
12 years$6,139$5,431$4,794$4,225$3,718$2,061
13 years$5,608$4,908$4,284$3,730$3,242$1,693
14 years$5,154$4,461$3,849$3,311$2,842$1,397
15 years$4,761$4,075$3,475$2,953$2,502$1,156
16 years$4,417$3,739$3,151$2,644$2,211$960
17 years$4,114$3,443$2,867$2,376$1,961$798
18 years$3,845$3,182$2,617$2,141$1,744$665
19 years$3,605$2,949$2,396$1,935$1,554$555
20 years$3,388$2,740$2,199$1,752$1,388$463
21 years$3,193$2,552$2,022$1,590$1,242$387
22 years$3,016$2,383$1,864$1,446$1,113$324
23 years$2,854$2,228$1,721$1,317$999$271
24 years$2,706$2,088$1,592$1,201$898$227
25 years$2,570$1,959$1,474$1,097$808$191
26 years$2,445$1,841$1,367$1,003$728$160
27 years$2,329$1,733$1,270$918$657$134
28 years$2,222$1,633$1,180$841$592$112
29 years$2,122$1,541$1,098$771$535$94
30 years$2,029$1,455$1,023$708$483$79
31 years$1,943$1,375$954$650$437$67
32 years$1,862$1,301$890$597$395$56
33 years$1,785$1,232$831$549$358$47
34 years$1,714$1,168$776$505$324$39
35 years$1,647$1,108$726$465$293$33
36 years$1,583$1,052$679$429$266$28
37 years$1,524$999$636$395$241$23
38 years$1,467$949$595$364$218$20
39 years$1,414$903$558$336$198$16
40 years$1,363$859$523$310$180$14
41 years$1,315$817$490$286$163$12
42 years$1,269$778$460$264$148$10
43 years$1,226$742$431$243$134$8
44 years$1,185$707$405$225$122$7
45 years$1,145$674$380$207$111$6
46 years$1,108$643$357$192$100$5
47 years$1,072$614$335$177$91$4
48 years$1,038$586$315$164$83$3
49 years$1,005$560$296$151$75$3
50 years$973$534$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $997,000, adding $2,993 every year, while hoping to spend $32,926 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: 42/33/25 Blend
44$997,000$997,000$997,000$997,000
45$1,101,781$1,048,940$1,033,487$1,139,879
46$1,179,130$1,065,305$1,033,076$1,183,807
47$1,263,265$1,081,369$1,031,547$1,227,988
48$1,354,843$1,097,081$1,028,829$1,275,187
49$1,454,588$1,112,389$1,024,846$1,325,703
50$1,563,296$1,127,236$1,019,518$1,379,861
51$1,681,842$1,141,561$1,012,762$1,438,027
52$1,811,192$1,155,299$1,004,492$1,500,601
53$1,952,406$1,168,382$994,615$1,568,027
54$2,106,653$1,180,734$983,036$1,640,796
55$2,275,219$1,192,277$969,655$1,719,448
56$2,459,520$1,202,927$954,367$1,804,585
57$2,661,115$1,212,594$937,062$1,896,868
58$2,881,720$1,221,183$917,625$1,997,028
59$3,123,225$1,228,591$895,936$2,105,875
60$3,387,713$1,234,711$871,868$2,224,302
61$3,677,475$1,239,427$845,291$2,353,296
62$3,995,036$1,242,617$816,066$2,493,947
63$4,343,175$1,244,150$784,050$2,647,461
64$4,724,954$1,243,889$749,091$2,815,167
65$5,143,747$1,241,687$711,033$2,998,535
66$5,603,267$1,237,387$669,710$3,199,188
67$6,107,606$1,230,825$624,951$3,418,919
68$6,661,271$1,221,825$576,577$3,659,705
69$7,269,226$1,210,200$524,398$3,923,733
70$7,936,941$1,195,754$468,219$4,213,414
71$8,670,440$1,178,277$407,835$4,531,411
72$9,476,360$1,157,547$343,033$4,880,665
73$10,362,012$1,133,330$273,587$5,264,420
74$11,335,450$1,105,377$199,266$5,686,259
75$12,405,550$1,073,424$119,825$6,150,135
76$13,582,087$1,037,193$35,010$6,660,410
77$14,875,833$996,388$0$7,221,899
78$16,298,655$950,698$0$7,854,722
79$17,863,627$899,792$0$8,560,862
80$19,585,156$843,320$0$9,337,519
81$21,479,113$780,914$0$10,191,910
82$23,562,986$712,182$0$11,131,993
83$25,856,043$636,712$0$12,166,543
84$28,379,516$554,067$0$13,305,234
85$31,156,797$463,787$0$14,558,733
86$34,213,662$365,384$0$15,938,802
87$37,578,511$258,344$0$17,458,406
88$41,282,639$142,123$0$19,131,841
89$45,360,529$16,147$0$20,974,867
90$49,850,176$0$0$23,004,860
91$54,793,447$0$0$25,284,619
92$60,236,476$0$0$27,801,478
93$66,230,098$0$0$30,573,097
94$72,830,330$0$0$33,625,402
95$80,098,894$0$0$36,986,957
96$88,103,808$0$0$40,689,242
97$96,920,021$0$0$44,766,943
98$106,630,120$0$0$49,258,283
99$117,325,114$0$0$54,205,380
100$129,105,287$0$0$59,654,648