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%12.4%
1 years$80,515$79,797$79,098$78,415$77,748$76,968
2 years$39,859$39,116$38,397$37,699$37,023$36,237
3 years$26,309$25,563$24,845$24,154$23,489$22,722
4 years$19,535$18,791$18,081$17,402$16,752$16,010
5 years$15,472$14,733$14,032$13,366$12,735$12,020
6 years$12,764$12,030$11,340$10,689$10,077$9,389
7 years$10,830$10,103$9,423$8,788$8,195$7,535
8 years$9,381$8,660$7,992$7,372$6,799$6,167
9 years$8,254$7,540$6,883$6,279$5,725$5,122
10 years$7,353$6,646$6,001$5,413$4,878$4,302
11 years$6,617$5,917$5,283$4,711$4,196$3,646
12 years$6,003$5,311$4,689$4,132$3,636$3,113
13 years$5,485$4,799$4,189$3,648$3,170$2,673
14 years$5,040$4,362$3,764$3,238$2,779$2,307
15 years$4,656$3,985$3,398$2,888$2,447$1,999
16 years$4,320$3,656$3,081$2,586$2,163$1,738
17 years$4,023$3,367$2,804$2,323$1,918$1,516
18 years$3,760$3,112$2,559$2,094$1,705$1,326
19 years$3,525$2,884$2,343$1,892$1,520$1,162
20 years$3,314$2,680$2,150$1,714$1,357$1,020
21 years$3,123$2,496$1,978$1,555$1,215$897
22 years$2,949$2,330$1,823$1,414$1,089$790
23 years$2,791$2,179$1,683$1,288$977$696
24 years$2,647$2,042$1,557$1,174$879$614
25 years$2,514$1,916$1,442$1,073$791$543
26 years$2,391$1,801$1,337$981$712$480
27 years$2,278$1,695$1,242$898$642$425
28 years$2,173$1,597$1,154$822$579$376
29 years$2,076$1,507$1,074$754$523$333
30 years$1,985$1,423$1,000$692$473$295
31 years$1,900$1,345$933$636$427$262
32 years$1,820$1,273$870$584$387$232
33 years$1,746$1,205$813$537$350$206
34 years$1,676$1,142$759$494$317$183
35 years$1,610$1,083$710$455$287$162
36 years$1,549$1,028$664$419$260$144
37 years$1,490$977$622$386$236$128
38 years$1,435$928$582$356$214$114
39 years$1,383$883$545$328$194$101
40 years$1,333$840$511$303$176$90
41 years$1,286$799$479$279$159$80
42 years$1,241$761$450$258$145$71
43 years$1,199$725$422$238$131$63
44 years$1,158$691$396$220$119$56
45 years$1,120$659$372$203$108$50
46 years$1,083$629$349$187$98$44
47 years$1,048$600$328$173$89$39
48 years$1,015$573$308$160$81$35
49 years$983$547$290$148$74$31
50 years$952$523$272$137$67$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $3,688 every year, while hoping to spend $47,098 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: 45/35/20 Blend
44$975,000$975,000$975,000$975,000
45$1,078,254$1,026,579$1,011,467$1,120,420
46$1,138,124$1,026,770$995,239$1,150,585
47$1,202,522$1,025,391$976,889$1,178,332
48$1,271,861$1,022,316$956,296$1,207,445
49$1,346,593$1,017,412$933,334$1,238,074
50$1,427,214$1,010,534$907,870$1,270,387
51$1,514,273$1,001,533$879,766$1,304,570
52$1,608,367$990,247$848,877$1,340,832
53$1,710,159$976,507$815,052$1,379,406
54$1,820,371$960,132$778,133$1,420,554
55$1,939,802$940,932$737,953$1,464,567
56$2,069,329$918,704$694,341$1,511,769
57$2,209,914$893,234$647,116$1,562,523
58$2,362,619$864,297$596,088$1,617,232
59$2,528,610$831,651$541,060$1,676,346
60$2,709,169$795,043$481,827$1,740,366
61$2,905,709$754,204$418,173$1,809,849
62$3,119,782$708,851$349,872$1,885,414
63$3,353,098$658,682$276,691$1,967,750
64$3,607,537$603,381$198,384$2,057,624
65$3,885,171$542,612$114,694$2,155,885
66$4,188,278$476,019$25,356$2,263,478
67$4,519,366$403,229$0$2,381,453
68$4,881,198$323,843$0$2,525,908
69$5,276,814$237,445$0$2,689,945
70$5,709,561$143,592$0$2,869,645
71$6,183,126$41,817$0$3,066,664
72$6,701,566$0$0$3,282,833
73$7,269,352$0$0$3,546,510
74$7,891,406$0$0$3,853,148
75$8,573,147$0$0$4,189,327
76$9,320,545$0$0$4,558,006
77$10,140,175$0$0$4,962,443
78$11,039,280$0$0$5,406,228
79$12,025,834$0$0$5,893,313
80$13,108,624$0$0$6,428,054
81$14,297,327$0$0$7,015,248
82$15,602,605$0$0$7,660,179
83$17,036,199$0$0$8,368,668
84$18,611,048$0$0$9,147,129
85$20,341,401$0$0$10,002,625
86$22,242,959$0$0$10,942,941
87$24,333,018$0$0$11,976,650
88$26,630,634$0$0$13,113,199
89$29,156,799$0$0$14,362,997
90$31,934,643$0$0$15,737,510
91$34,989,648$0$0$17,249,373
92$38,349,891$0$0$18,912,504
93$42,046,304$0$0$20,742,242
94$46,112,970$0$0$22,755,483
95$50,587,442$0$0$24,970,847
96$55,511,094$0$0$27,408,850
97$60,929,517$0$0$30,092,094
98$66,892,941$0$0$33,045,486
99$73,456,717$0$0$36,296,470
100$80,681,829$0$0$39,875,286