Can I retire at age 45 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$80,349$79,634$78,935$78,254$77,588$76,178
2 years$39,777$39,036$38,318$37,622$36,947$35,531
3 years$26,255$25,511$24,794$24,105$23,441$22,063
4 years$19,495$18,753$18,044$17,366$16,718$15,390
5 years$15,440$14,703$14,003$13,339$12,709$11,433
6 years$12,737$12,006$11,316$10,667$10,056$8,835
7 years$10,808$10,082$9,404$8,770$8,178$7,012
8 years$9,361$8,642$7,975$7,357$6,785$5,673
9 years$8,237$7,525$6,869$6,267$5,714$4,656
10 years$7,338$6,633$5,989$5,402$4,868$3,863
11 years$6,603$5,905$5,272$4,701$4,187$3,234
12 years$5,991$5,300$4,679$4,124$3,628$2,726
13 years$5,473$4,789$4,180$3,641$3,164$2,310
14 years$5,030$4,353$3,756$3,232$2,773$1,967
15 years$4,646$3,977$3,391$2,882$2,442$1,682
16 years$4,311$3,649$3,075$2,581$2,158$1,442
17 years$4,015$3,360$2,798$2,319$1,914$1,240
18 years$3,752$3,105$2,554$2,090$1,702$1,069
19 years$3,518$2,878$2,338$1,888$1,517$923
20 years$3,307$2,674$2,146$1,710$1,355$798
21 years$3,116$2,491$1,974$1,552$1,212$692
22 years$2,943$2,325$1,819$1,411$1,087$600
23 years$2,786$2,175$1,680$1,285$975$521
24 years$2,641$2,038$1,553$1,172$877$452
25 years$2,509$1,912$1,439$1,070$789$393
26 years$2,386$1,797$1,334$979$711$342
27 years$2,273$1,691$1,239$896$641$298
28 years$2,169$1,594$1,152$821$578$260
29 years$2,071$1,503$1,072$753$522$226
30 years$1,981$1,420$998$691$472$197
31 years$1,896$1,342$931$634$426$172
32 years$1,817$1,270$868$583$386$150
33 years$1,743$1,203$811$536$349$131
34 years$1,673$1,140$758$493$316$114
35 years$1,607$1,081$708$454$286$100
36 years$1,545$1,026$663$418$259$87
37 years$1,487$975$620$385$235$76
38 years$1,432$926$581$355$213$66
39 years$1,380$881$544$328$193$58
40 years$1,330$838$510$302$175$51
41 years$1,283$798$478$279$159$44
42 years$1,239$760$449$257$144$39
43 years$1,196$724$421$237$131$34
44 years$1,156$690$395$219$119$30
45 years$1,118$658$371$202$108$26
46 years$1,081$628$348$187$98$23
47 years$1,046$599$327$173$89$20
48 years$1,013$572$308$160$81$17
49 years$981$546$289$148$73$15
50 years$950$522$272$136$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $973,000, adding $4,943 every year, while hoping to spend $41,690 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: 85/8/7 Blend
44$973,000$973,000$973,000$973,000
45$1,077,345$1,025,776$1,010,694$1,167,877
46$1,142,876$1,031,681$1,000,195$1,233,593
47$1,213,694$1,036,478$987,946$1,299,575
48$1,290,295$1,040,069$973,846$1,370,742
49$1,373,222$1,042,349$957,787$1,447,588
50$1,463,074$1,043,208$939,656$1,530,655
51$1,560,509$1,042,527$919,336$1,620,542
52$1,666,251$1,040,181$896,704$1,717,908
53$1,781,095$1,036,036$871,630$1,823,478
54$1,905,918$1,029,953$843,980$1,938,049
55$2,041,681$1,021,781$813,614$2,062,503
56$2,189,446$1,011,361$780,383$2,197,807
57$2,350,377$998,525$744,133$2,345,029
58$2,525,757$983,095$704,704$2,505,343
59$2,716,999$964,882$661,926$2,680,045
60$2,925,657$943,685$615,625$2,870,560
61$3,153,441$919,292$565,615$3,078,461
62$3,402,234$891,479$511,705$3,305,478
63$3,674,109$860,008$453,694$3,553,518
64$3,971,347$824,628$391,372$3,824,684
65$4,296,462$785,073$324,521$4,121,291
66$4,652,220$741,060$252,911$4,445,889
67$5,041,667$692,293$176,304$4,801,291
68$5,468,158$638,456$94,451$5,190,594
69$5,935,386$579,216$7,091$5,617,213
70$6,447,420$514,222$0$6,084,908
71$7,008,741$443,103$0$6,604,258
72$7,624,281$365,464$0$7,174,383
73$8,299,478$280,892$0$7,799,807
74$9,040,317$188,947$0$8,486,101
75$9,853,391$89,168$0$9,239,402
76$10,745,964$0$0$10,066,474
77$11,726,037$0$0$10,976,435
78$12,802,422$0$0$11,984,454
79$13,984,830$0$0$13,091,776
80$15,283,954$0$0$14,308,420
81$16,711,578$0$0$15,645,422
82$18,280,683$0$0$17,114,940
83$20,005,569$0$0$18,730,371
84$21,901,992$0$0$20,506,471
85$23,987,309$0$0$22,459,501
86$26,280,645$0$0$24,607,372
87$28,803,070$0$0$26,969,821
88$31,577,799$0$0$29,568,594
89$34,630,410$0$0$32,427,650
90$37,989,085$0$0$35,573,385
91$41,684,875$0$0$39,034,886
92$45,751,995$0$0$42,844,200
93$50,228,142$0$0$47,036,638
94$55,154,853$0$0$51,651,109
95$60,577,897$0$0$56,730,482
96$66,547,705$0$0$62,321,997
97$73,119,846$0$0$68,477,704
98$80,355,549$0$0$75,254,957
99$88,322,285$0$0$82,716,955
100$97,094,398$0$0$90,933,336