Can I retire at age 45 with 972,000?

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 $972,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$80,267$79,552$78,854$78,173$77,509$76,256
2 years$39,736$38,996$38,279$37,583$36,909$35,650
3 years$26,228$25,484$24,769$24,080$23,417$22,191
4 years$19,475$18,734$18,025$17,348$16,701$15,518
5 years$15,424$14,687$13,988$13,325$12,696$11,559
6 years$12,724$11,993$11,305$10,656$10,046$8,957
7 years$10,797$10,072$9,394$8,761$8,170$7,128
8 years$9,352$8,634$7,967$7,349$6,778$5,784
9 years$8,229$7,517$6,862$6,260$5,708$4,761
10 years$7,330$6,626$5,983$5,396$4,863$3,963
11 years$6,596$5,899$5,267$4,696$4,183$3,327
12 years$5,985$5,294$4,674$4,119$3,625$2,813
13 years$5,468$4,785$4,176$3,637$3,161$2,393
14 years$5,025$4,349$3,752$3,228$2,771$2,044
15 years$4,641$3,973$3,388$2,879$2,439$1,754
16 years$4,306$3,645$3,072$2,578$2,156$1,509
17 years$4,011$3,357$2,795$2,316$1,912$1,302
18 years$3,749$3,102$2,551$2,087$1,700$1,126
19 years$3,514$2,875$2,336$1,886$1,515$976
20 years$3,304$2,671$2,144$1,708$1,353$848
21 years$3,113$2,488$1,972$1,550$1,211$737
22 years$2,940$2,323$1,817$1,410$1,086$642
23 years$2,783$2,172$1,678$1,284$974$559
24 years$2,638$2,035$1,552$1,171$876$488
25 years$2,506$1,910$1,437$1,069$788$426
26 years$2,384$1,795$1,333$978$710$372
27 years$2,271$1,690$1,238$895$640$325
28 years$2,166$1,592$1,151$820$578$285
29 years$2,069$1,502$1,071$752$521$249
30 years$1,979$1,418$997$690$471$218
31 years$1,894$1,341$930$634$426$191
32 years$1,815$1,269$868$582$385$167
33 years$1,741$1,202$810$536$349$147
34 years$1,671$1,139$757$493$316$128
35 years$1,606$1,080$708$454$286$113
36 years$1,544$1,025$662$418$259$99
37 years$1,485$974$620$385$235$87
38 years$1,430$925$580$355$213$76
39 years$1,378$880$544$327$193$67
40 years$1,329$837$510$302$175$58
41 years$1,282$797$478$278$159$51
42 years$1,237$759$448$257$144$45
43 years$1,195$723$421$237$131$39
44 years$1,155$689$395$219$119$35
45 years$1,116$657$371$202$108$30
46 years$1,080$627$348$187$98$27
47 years$1,045$598$327$173$89$23
48 years$1,012$571$307$159$81$21
49 years$980$545$289$147$73$18
50 years$949$521$272$136$67$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $972,000, adding $3,487 every year, while hoping to spend $32,129 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: 40/37/23 Blend
44$972,000$972,000$972,000$972,000
45$1,074,741$1,023,225$1,008,159$1,110,295
46$1,150,179$1,039,178$1,007,747$1,152,160
47$1,232,236$1,054,836$1,006,245$1,194,122
48$1,321,551$1,070,150$1,003,581$1,238,877
49$1,418,831$1,085,069$999,683$1,286,698
50$1,524,852$1,099,537$994,472$1,337,888
51$1,640,468$1,113,496$987,868$1,392,780
52$1,766,619$1,126,880$979,785$1,451,745
53$1,904,340$1,139,624$970,134$1,515,191
54$2,054,771$1,151,653$958,822$1,583,570
55$2,219,166$1,162,893$945,751$1,657,383
56$2,398,906$1,173,259$930,818$1,737,181
57$2,595,510$1,182,665$913,917$1,823,576
58$2,810,654$1,191,018$894,935$1,917,242
59$3,046,180$1,198,217$873,754$2,018,925
60$3,304,119$1,204,157$850,253$2,129,451
61$3,586,704$1,208,727$824,302$2,249,730
62$3,896,399$1,211,805$795,767$2,380,770
63$4,235,914$1,213,266$764,507$2,523,682
64$4,608,235$1,212,973$730,376$2,679,696
65$5,016,650$1,210,785$693,219$2,850,169
66$5,464,783$1,206,548$652,877$3,036,602
67$5,956,624$1,200,101$609,181$3,240,649
68$6,496,566$1,191,273$561,955$3,464,141
69$7,089,452$1,179,882$511,017$3,709,098
70$7,740,616$1,165,735$456,175$3,977,750
71$8,455,931$1,148,629$397,229$4,272,561
72$9,241,870$1,128,345$333,971$4,596,249
73$10,105,562$1,104,657$266,181$4,951,817
74$11,054,864$1,077,319$193,632$5,342,580
75$12,098,429$1,046,076$116,087$5,772,195
76$13,245,790$1,010,655$33,298$6,244,700
77$14,507,451$970,768$0$6,764,553
78$15,894,985$926,110$0$7,350,184
79$17,421,143$876,359$0$8,003,107
80$19,099,973$821,173$0$8,721,203
81$20,946,952$760,192$0$9,511,154
82$22,979,134$693,035$0$10,380,329
83$25,215,310$619,298$0$11,336,854
84$27,676,184$538,556$0$12,389,688
85$30,384,568$450,358$0$13,548,713
86$33,365,597$354,229$0$14,824,822
87$36,646,968$249,667$0$16,230,030
88$40,259,199$136,140$0$17,777,581
89$44,235,915$13,089$0$19,482,080
90$48,614,171$0$0$21,359,630
91$53,434,793$0$0$23,476,875
92$58,742,772$0$0$25,814,200
93$64,587,679$0$0$28,388,127
94$71,024,141$0$0$31,222,733
95$78,112,351$0$0$34,344,548
96$85,918,636$0$0$37,782,806
97$94,516,085$0$0$41,569,722
98$103,985,236$0$0$45,740,796
99$114,414,840$0$0$50,335,144
100$125,902,691$0$0$55,395,873