Can I retire at age 45 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$80,432$79,716$79,017$78,334$77,668$75,883
2 years$39,818$39,076$38,358$37,661$36,985$35,196
3 years$26,282$25,537$24,820$24,130$23,465$21,728
4 years$19,515$18,772$18,063$17,384$16,735$15,065
5 years$15,456$14,718$14,017$13,353$12,722$11,122
6 years$12,751$12,018$11,328$10,678$10,066$8,538
7 years$10,819$10,093$9,414$8,779$8,187$6,731
8 years$9,371$8,651$7,984$7,365$6,792$5,408
9 years$8,246$7,533$6,876$6,273$5,720$4,406
10 years$7,346$6,640$5,995$5,407$4,873$3,629
11 years$6,610$5,911$5,278$4,706$4,191$3,015
12 years$5,997$5,305$4,684$4,128$3,632$2,521
13 years$5,479$4,794$4,185$3,644$3,167$2,120
14 years$5,035$4,358$3,760$3,235$2,776$1,791
15 years$4,651$3,981$3,395$2,885$2,445$1,518
16 years$4,315$3,653$3,078$2,583$2,160$1,291
17 years$4,019$3,364$2,801$2,321$1,916$1,101
18 years$3,756$3,108$2,557$2,092$1,703$940
19 years$3,521$2,881$2,341$1,890$1,518$805
20 years$3,310$2,677$2,148$1,712$1,356$690
21 years$3,120$2,494$1,976$1,554$1,214$592
22 years$2,946$2,328$1,821$1,413$1,088$509
23 years$2,788$2,177$1,681$1,286$976$438
24 years$2,644$2,040$1,555$1,173$878$377
25 years$2,511$1,914$1,440$1,072$790$324
26 years$2,389$1,799$1,336$980$711$280
27 years$2,276$1,693$1,240$897$641$241
28 years$2,171$1,595$1,153$822$579$208
29 years$2,073$1,505$1,073$753$523$179
30 years$1,983$1,421$999$691$472$155
31 years$1,898$1,344$932$635$427$134
32 years$1,819$1,271$869$584$386$116
33 years$1,744$1,204$812$537$349$100
34 years$1,674$1,141$758$494$316$86
35 years$1,609$1,082$709$455$287$75
36 years$1,547$1,027$663$419$260$64
37 years$1,489$976$621$386$235$56
38 years$1,433$927$581$356$213$48
39 years$1,381$882$545$328$193$42
40 years$1,332$839$511$302$175$36
41 years$1,285$799$479$279$159$31
42 years$1,240$761$449$257$144$27
43 years$1,198$725$421$238$131$23
44 years$1,157$691$396$219$119$20
45 years$1,119$659$371$203$108$17
46 years$1,082$628$349$187$98$15
47 years$1,047$600$328$173$89$13
48 years$1,014$572$308$160$81$11
49 years$982$547$289$148$73$10
50 years$951$522$272$137$67$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $974,000, adding $6,721 every year, while hoping to spend $24,181 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: 72/22/6 Blend
44$974,000$974,000$974,000$974,000
45$1,080,281$1,028,659$1,013,562$1,156,785
46$1,164,741$1,053,335$1,021,788$1,232,820
47$1,257,006$1,078,409$1,029,479$1,312,360
48$1,357,845$1,103,876$1,036,591$1,398,761
49$1,468,109$1,129,729$1,043,080$1,492,691
50$1,588,729$1,155,959$1,048,897$1,594,887
51$1,720,735$1,182,557$1,053,991$1,706,159
52$1,865,260$1,209,512$1,058,309$1,827,401
53$2,023,550$1,236,812$1,061,796$1,959,595
54$2,196,978$1,264,442$1,064,392$2,103,824
55$2,387,058$1,292,387$1,066,037$2,261,282
56$2,595,454$1,320,630$1,066,665$2,433,281
57$2,824,001$1,349,152$1,066,210$2,621,269
58$3,074,721$1,377,932$1,064,599$2,826,840
59$3,349,838$1,406,946$1,061,759$3,051,750
60$3,651,804$1,436,169$1,057,610$3,297,933
61$3,983,319$1,465,573$1,052,071$3,567,521
62$4,347,358$1,495,127$1,045,057$3,862,861
63$4,747,199$1,524,798$1,036,476$4,186,541
64$5,186,449$1,554,549$1,026,234$4,541,409
65$5,669,088$1,584,342$1,014,234$4,930,607
66$6,199,494$1,614,135$1,000,370$5,357,595
67$6,782,495$1,643,880$984,534$5,826,183
68$7,423,407$1,673,528$966,614$6,340,574
69$8,128,089$1,703,025$946,490$6,905,394
70$8,902,994$1,732,314$924,038$7,525,745
71$9,755,234$1,761,331$899,128$8,207,245
72$10,692,643$1,790,011$871,624$8,956,088
73$11,723,852$1,818,282$841,383$9,779,096
74$12,858,372$1,846,065$808,256$10,683,789
75$14,106,682$1,873,278$772,088$11,678,452
76$15,480,327$1,899,832$732,717$12,772,215
77$16,992,029$1,925,632$689,972$13,975,141
78$18,655,806$1,950,577$643,675$15,298,316
79$20,487,100$1,974,558$593,641$16,753,959
80$22,502,932$1,997,459$539,675$18,355,533
81$24,722,052$2,019,155$481,575$20,117,877
82$27,165,122$2,039,515$419,129$22,057,340
83$29,854,911$2,058,397$352,116$24,191,941
84$32,816,504$2,075,652$280,304$26,541,537
85$36,077,547$2,091,118$203,454$29,128,010
86$39,668,500$2,104,625$121,312$31,975,473
87$43,622,927$2,115,992$33,616$35,110,501
88$47,977,815$2,125,026$0$38,562,378
89$52,773,921$2,131,521$0$42,367,217
90$58,056,154$2,135,258$0$46,559,289
91$63,874,003$2,136,007$0$51,175,653
92$70,282,000$2,133,520$0$56,259,519
93$77,340,237$2,127,536$0$61,858,508
94$85,114,934$2,117,777$0$68,025,095
95$93,679,057$2,103,949$0$74,817,109
96$103,113,017$2,085,738$0$82,298,277
97$113,505,420$2,062,815$0$90,538,828
98$124,953,907$2,034,826$0$99,616,151
99$137,566,074$2,001,401$0$109,615,533
100$151,460,488$1,962,144$0$120,630,959