Can I retire at age 45 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$80,515$79,797$79,098$78,415$77,748$76,023
2 years$39,859$39,116$38,397$37,699$37,023$35,294
3 years$26,309$25,563$24,845$24,154$23,489$21,810
4 years$19,535$18,791$18,081$17,402$16,752$15,136
5 years$15,472$14,733$14,032$13,366$12,735$11,186
6 years$12,764$12,030$11,340$10,689$10,077$8,597
7 years$10,830$10,103$9,423$8,788$8,195$6,785
8 years$9,381$8,660$7,992$7,372$6,799$5,458
9 years$8,254$7,540$6,883$6,279$5,725$4,452
10 years$7,353$6,646$6,001$5,413$4,878$3,672
11 years$6,617$5,917$5,283$4,711$4,196$3,054
12 years$6,003$5,311$4,689$4,132$3,636$2,557
13 years$5,485$4,799$4,189$3,648$3,170$2,153
14 years$5,040$4,362$3,764$3,238$2,779$1,821
15 years$4,656$3,985$3,398$2,888$2,447$1,546
16 years$4,320$3,656$3,081$2,586$2,163$1,317
17 years$4,023$3,367$2,804$2,323$1,918$1,124
18 years$3,760$3,112$2,559$2,094$1,705$962
19 years$3,525$2,884$2,343$1,892$1,520$824
20 years$3,314$2,680$2,150$1,714$1,357$708
21 years$3,123$2,496$1,978$1,555$1,215$608
22 years$2,949$2,330$1,823$1,414$1,089$524
23 years$2,791$2,179$1,683$1,288$977$451
24 years$2,647$2,042$1,557$1,174$879$389
25 years$2,514$1,916$1,442$1,073$791$335
26 years$2,391$1,801$1,337$981$712$290
27 years$2,278$1,695$1,242$898$642$250
28 years$2,173$1,597$1,154$822$579$216
29 years$2,076$1,507$1,074$754$523$187
30 years$1,985$1,423$1,000$692$473$162
31 years$1,900$1,345$933$636$427$140
32 years$1,820$1,273$870$584$387$121
33 years$1,746$1,205$813$537$350$105
34 years$1,676$1,142$759$494$317$91
35 years$1,610$1,083$710$455$287$78
36 years$1,549$1,028$664$419$260$68
37 years$1,490$977$622$386$236$59
38 years$1,435$928$582$356$214$51
39 years$1,383$883$545$328$194$44
40 years$1,333$840$511$303$176$38
41 years$1,286$799$479$279$159$33
42 years$1,241$761$450$258$145$29
43 years$1,199$725$422$238$131$25
44 years$1,158$691$396$220$119$21
45 years$1,120$659$372$203$108$19
46 years$1,083$629$349$187$98$16
47 years$1,048$600$328$173$89$14
48 years$1,015$573$308$160$81$12
49 years$983$547$290$148$74$10
50 years$952$523$272$137$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $6,833 every year, while hoping to spend $21,897 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: 82/11/7 Blend
44$975,000$975,000$975,000$975,000
45$1,081,498$1,029,823$1,014,711$1,168,882
46$1,168,513$1,056,986$1,025,405$1,254,192
47$1,263,669$1,084,747$1,035,724$1,344,196
48$1,367,774$1,113,110$1,045,632$1,442,328
49$1,481,717$1,142,082$1,055,091$1,549,391
50$1,606,477$1,171,669$1,064,061$1,666,265
51$1,743,131$1,201,874$1,072,500$1,793,923
52$1,892,867$1,232,703$1,080,366$1,933,435
53$2,056,992$1,264,158$1,087,611$2,085,980
54$2,236,946$1,296,243$1,094,187$2,252,855
55$2,434,315$1,328,959$1,100,042$2,435,490
56$2,650,846$1,362,308$1,105,124$2,635,460
57$2,888,461$1,396,291$1,109,375$2,854,499
58$3,149,281$1,430,906$1,112,736$3,094,518
59$3,435,640$1,466,153$1,115,145$3,357,623
60$3,750,110$1,502,028$1,116,536$3,646,130
61$4,095,522$1,538,529$1,116,841$3,962,596
62$4,474,998$1,575,649$1,115,988$4,309,834
63$4,891,974$1,613,383$1,113,901$4,690,944
64$5,350,239$1,651,722$1,110,500$5,109,342
65$5,853,965$1,690,658$1,105,703$5,568,791
66$6,407,747$1,730,178$1,099,422$6,073,438
67$7,016,651$1,770,270$1,091,566$6,627,850
68$7,686,255$1,810,919$1,082,039$7,237,062
69$8,422,707$1,852,108$1,070,741$7,906,617
70$9,232,779$1,893,817$1,057,567$8,642,627
71$10,123,934$1,936,026$1,042,407$9,451,825
72$11,104,393$1,978,709$1,025,145$10,341,629
73$12,183,215$2,021,839$1,005,662$11,320,213
74$13,370,381$2,065,388$983,830$12,396,585
75$14,676,890$2,109,321$959,518$13,580,669
76$16,114,858$2,153,604$932,587$14,883,401
77$17,697,638$2,198,195$902,893$16,316,831
78$19,439,943$2,243,052$870,285$17,894,240
79$21,357,982$2,288,126$834,605$19,630,258
80$23,469,619$2,333,367$795,687$21,541,009
81$25,794,537$2,378,719$753,359$23,644,261
82$28,354,423$2,424,119$707,440$25,959,591
83$31,173,176$2,469,503$657,741$28,508,576
84$34,277,130$2,514,799$604,065$31,314,987
85$37,695,302$2,559,929$546,207$34,405,024
86$41,459,668$2,604,810$483,950$37,807,555
87$45,605,461$2,649,354$417,070$41,554,393
88$50,171,508$2,693,462$345,331$45,680,595
89$55,200,593$2,737,032$268,490$50,224,792
90$60,739,858$2,779,952$186,290$55,229,554
91$66,841,257$2,822,102$98,464$60,741,794
92$73,562,034$2,863,355$4,732$66,813,208
93$80,965,275$2,903,573$0$73,500,763
94$89,120,494$2,942,608$0$80,874,355
95$98,104,292$2,980,304$0$88,996,886
96$108,001,084$3,016,493$0$97,944,263
97$118,903,888$3,050,995$0$107,800,520
98$130,915,209$3,083,618$0$118,658,263
99$144,148,004$3,114,159$0$130,619,539
100$158,726,746$3,142,398$0$143,796,804