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%14.7%
1 years$80,515$79,797$79,098$78,415$77,748$76,240
2 years$39,859$39,116$38,397$37,699$37,023$35,510
3 years$26,309$25,563$24,845$24,154$23,489$22,018
4 years$19,535$18,791$18,081$17,402$16,752$15,335
5 years$15,472$14,733$14,032$13,366$12,735$11,375
6 years$12,764$12,030$11,340$10,689$10,077$8,776
7 years$10,830$10,103$9,423$8,788$8,195$6,953
8 years$9,381$8,660$7,992$7,372$6,799$5,616
9 years$8,254$7,540$6,883$6,279$5,725$4,600
10 years$7,353$6,646$6,001$5,413$4,878$3,810
11 years$6,617$5,917$5,283$4,711$4,196$3,183
12 years$6,003$5,311$4,689$4,132$3,636$2,678
13 years$5,485$4,799$4,189$3,648$3,170$2,265
14 years$5,040$4,362$3,764$3,238$2,779$1,925
15 years$4,656$3,985$3,398$2,888$2,447$1,642
16 years$4,320$3,656$3,081$2,586$2,163$1,405
17 years$4,023$3,367$2,804$2,323$1,918$1,206
18 years$3,760$3,112$2,559$2,094$1,705$1,037
19 years$3,525$2,884$2,343$1,892$1,520$894
20 years$3,314$2,680$2,150$1,714$1,357$771
21 years$3,123$2,496$1,978$1,555$1,215$666
22 years$2,949$2,330$1,823$1,414$1,089$577
23 years$2,791$2,179$1,683$1,288$977$499
24 years$2,647$2,042$1,557$1,174$879$433
25 years$2,514$1,916$1,442$1,073$791$376
26 years$2,391$1,801$1,337$981$712$326
27 years$2,278$1,695$1,242$898$642$283
28 years$2,173$1,597$1,154$822$579$246
29 years$2,076$1,507$1,074$754$523$214
30 years$1,985$1,423$1,000$692$473$186
31 years$1,900$1,345$933$636$427$162
32 years$1,820$1,273$870$584$387$141
33 years$1,746$1,205$813$537$350$123
34 years$1,676$1,142$759$494$317$107
35 years$1,610$1,083$710$455$287$93
36 years$1,549$1,028$664$419$260$81
37 years$1,490$977$622$386$236$71
38 years$1,435$928$582$356$214$61
39 years$1,383$883$545$328$194$54
40 years$1,333$840$511$303$176$47
41 years$1,286$799$479$279$159$41
42 years$1,241$761$450$258$145$35
43 years$1,199$725$422$238$131$31
44 years$1,158$691$396$220$119$27
45 years$1,120$659$372$203$108$23
46 years$1,083$629$349$187$98$20
47 years$1,048$600$328$173$89$18
48 years$1,015$573$308$160$81$16
49 years$983$547$290$148$74$14
50 years$952$523$272$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $4,825 every year, while hoping to spend $54,535 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: 83/6/11 Blend
44$975,000$975,000$975,000$975,000
45$1,079,427$1,027,752$1,012,639$1,166,663
46$1,131,504$1,020,087$988,538$1,216,824
47$1,187,065$1,010,219$961,802$1,264,150
48$1,246,407$997,981$932,284$1,314,474
49$1,309,858$983,200$899,833$1,368,068
50$1,377,775$965,688$864,288$1,425,229
51$1,450,550$945,249$825,484$1,486,284
52$1,528,614$921,674$783,246$1,551,595
53$1,612,438$894,742$737,390$1,621,559
54$1,702,542$864,219$687,728$1,696,614
55$1,799,494$829,859$634,060$1,777,242
56$1,903,919$791,398$576,177$1,863,975
57$2,016,503$748,561$513,863$1,957,398
58$2,137,999$701,053$446,891$2,058,156
59$2,269,236$648,566$375,023$2,166,962
60$2,411,124$590,772$298,012$2,284,598
61$2,564,663$527,324$215,599$2,411,929
62$2,730,952$457,856$127,516$2,549,907
63$2,911,201$381,983$33,479$2,699,581
64$3,106,739$299,295$0$2,862,109
65$3,319,026$209,361$0$3,046,615
66$3,549,673$111,725$0$3,251,359
67$3,800,447$5,907$0$3,473,995
68$4,073,293$0$0$3,716,272
69$4,370,354$0$0$3,987,283
70$4,693,986$0$0$4,282,977
71$5,046,780$0$0$4,605,335
72$5,431,590$0$0$4,956,967
73$5,851,557$0$0$5,340,745
74$6,310,138$0$0$5,759,831
75$6,811,139$0$0$6,217,704
76$7,358,749$0$0$6,718,197
77$7,957,580$0$0$7,265,529
78$8,612,712$0$0$7,864,344
79$9,329,736$0$0$8,519,756
80$10,114,810$0$0$9,237,398
81$10,974,716$0$0$10,023,472
82$11,916,919$0$0$10,884,806
83$12,949,645$0$0$11,828,923
84$14,081,951$0$0$12,864,106
85$15,323,813$0$0$13,999,480
86$16,686,218$0$0$15,245,095
87$18,181,268$0$0$16,612,018
88$19,822,295$0$0$18,112,444
89$21,623,983$0$0$19,759,801
90$23,602,507$0$0$21,568,886
91$25,775,686$0$0$23,555,995
92$28,163,149$0$0$25,739,083
93$30,786,521$0$0$28,137,927
94$33,669,626$0$0$30,774,317
95$36,838,708$0$0$33,672,259
96$40,322,682$0$0$36,858,197
97$44,153,403$0$0$40,361,270
98$48,365,970$0$0$44,213,577
99$52,999,048$0$0$48,450,486
100$58,095,243$0$0$53,110,965