Can I retire at age 45 with 971,000?

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 $971,000?

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$80,184$79,470$78,773$78,093$77,429$75,990
2 years$39,695$38,956$38,239$37,545$36,871$35,427
3 years$26,201$25,458$24,743$24,055$23,392$21,988
4 years$19,455$18,714$18,007$17,330$16,684$15,329
5 years$15,408$14,672$13,974$13,311$12,683$11,383
6 years$12,711$11,981$11,293$10,645$10,035$8,791
7 years$10,786$10,062$9,385$8,752$8,161$6,973
8 years$9,342$8,625$7,959$7,342$6,771$5,638
9 years$8,220$7,509$6,855$6,254$5,702$4,625
10 years$7,323$6,619$5,976$5,391$4,858$3,835
11 years$6,589$5,893$5,261$4,692$4,178$3,208
12 years$5,979$5,289$4,669$4,115$3,621$2,702
13 years$5,462$4,780$4,172$3,633$3,157$2,289
14 years$5,020$4,345$3,748$3,225$2,768$1,948
15 years$4,637$3,969$3,384$2,876$2,437$1,664
16 years$4,302$3,641$3,068$2,575$2,154$1,426
17 years$4,007$3,354$2,792$2,314$1,910$1,225
18 years$3,745$3,099$2,549$2,085$1,698$1,055
19 years$3,511$2,872$2,333$1,884$1,513$911
20 years$3,300$2,669$2,141$1,707$1,352$787
21 years$3,110$2,486$1,970$1,549$1,210$681
22 years$2,937$2,320$1,815$1,408$1,084$590
23 years$2,780$2,170$1,676$1,282$973$512
24 years$2,636$2,033$1,550$1,170$875$445
25 years$2,503$1,908$1,436$1,068$787$386
26 years$2,381$1,793$1,332$977$709$336
27 years$2,269$1,688$1,237$894$639$292
28 years$2,164$1,590$1,150$819$577$254
29 years$2,067$1,500$1,070$751$521$222
30 years$1,977$1,417$996$689$471$193
31 years$1,892$1,339$929$633$426$168
32 years$1,813$1,267$867$582$385$147
33 years$1,739$1,200$809$535$348$128
34 years$1,669$1,138$756$492$315$111
35 years$1,604$1,079$707$453$286$97
36 years$1,542$1,024$661$417$259$85
37 years$1,484$973$619$385$235$74
38 years$1,429$924$580$354$213$65
39 years$1,377$879$543$327$193$56
40 years$1,328$836$509$301$175$49
41 years$1,281$796$477$278$159$43
42 years$1,236$758$448$257$144$37
43 years$1,194$722$420$237$131$33
44 years$1,154$689$394$219$119$29
45 years$1,115$657$370$202$108$25
46 years$1,079$626$348$187$98$22
47 years$1,044$598$327$172$89$19
48 years$1,010$571$307$159$81$17
49 years$979$545$289$147$73$14
50 years$948$521$271$136$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $971,000, adding $2,094 every year, while hoping to spend $36,977 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: 46/34/20 Blend
44$971,000$971,000$971,000$971,000
45$1,072,202$1,020,739$1,005,688$1,115,301
46$1,142,223$1,031,412$1,000,036$1,156,352
47$1,218,148$1,041,369$992,954$1,197,014
48$1,300,538$1,050,535$984,357$1,240,361
49$1,390,013$1,058,831$974,154$1,286,660
50$1,487,255$1,066,174$962,248$1,336,208
51$1,593,012$1,072,474$948,541$1,389,331
52$1,708,109$1,077,636$932,927$1,446,391
53$1,833,454$1,081,557$915,298$1,507,790
54$1,970,044$1,084,131$895,538$1,573,972
55$2,118,977$1,085,243$873,528$1,645,428
56$2,281,464$1,084,770$849,142$1,722,702
57$2,458,834$1,082,585$822,249$1,806,395
58$2,652,553$1,078,550$792,712$1,897,173
59$2,864,233$1,072,518$760,387$1,995,772
60$3,095,650$1,064,337$725,125$2,103,005
61$3,348,758$1,053,841$686,769$2,219,773
62$3,625,710$1,040,857$645,154$2,347,072
63$3,928,875$1,025,202$600,109$2,486,001
64$4,260,863$1,006,680$551,456$2,637,778
65$4,624,548$985,085$499,007$2,803,746
66$5,023,096$960,197$442,567$2,985,392
67$5,459,990$931,786$381,932$3,184,358
68$5,939,071$899,605$316,888$3,402,458
69$6,464,566$863,395$247,214$3,641,698
70$7,041,132$822,882$172,676$3,904,293
71$7,673,899$777,775$93,033$4,192,688
72$8,368,518$727,767$8,030$4,509,588
73$9,131,212$672,533$0$4,857,975
74$9,968,838$611,729$0$5,258,792
75$10,888,948$544,992$0$5,701,009
76$11,899,862$471,939$0$6,186,991
77$13,010,748$392,164$0$6,721,240
78$14,231,703$305,238$0$7,308,721
79$15,573,852$210,710$0$7,954,913
80$17,049,451$108,101$0$8,665,856
81$18,672,003$0$0$9,448,217
82$20,456,387$0$0$10,310,503
83$22,418,993$0$0$11,303,521
84$24,577,880$0$0$12,395,979
85$26,952,946$0$0$13,597,961
86$29,566,115$0$0$14,920,581
87$32,441,542$0$0$16,376,079
88$35,605,843$0$0$17,977,947
89$39,088,344$0$0$19,741,049
90$42,921,356$0$0$21,681,760
91$47,140,485$0$0$23,818,129
92$51,784,962$0$0$26,170,040
93$56,898,013$0$0$28,759,403
94$62,527,272$0$0$31,610,362
95$68,725,224$0$0$34,749,520
96$75,549,702$0$0$38,206,191
97$83,064,433$0$0$42,012,678
98$91,339,641$0$0$46,204,574
99$100,452,702$0$0$50,821,101
100$110,488,883$0$0$55,905,480