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%17.9%
1 years$80,515$79,797$79,098$78,415$77,748$75,259
2 years$39,859$39,116$38,397$37,699$37,023$34,538
3 years$26,309$25,563$24,845$24,154$23,489$21,087
4 years$19,535$18,791$18,081$17,402$16,752$14,451
5 years$15,472$14,733$14,032$13,366$12,735$10,540
6 years$12,764$12,030$11,340$10,689$10,077$7,991
7 years$10,830$10,103$9,423$8,788$8,195$6,218
8 years$9,381$8,660$7,992$7,372$6,799$4,928
9 years$8,254$7,540$6,883$6,279$5,725$3,960
10 years$7,353$6,646$6,001$5,413$4,878$3,215
11 years$6,617$5,917$5,283$4,711$4,196$2,632
12 years$6,003$5,311$4,689$4,132$3,636$2,168
13 years$5,485$4,799$4,189$3,648$3,170$1,795
14 years$5,040$4,362$3,764$3,238$2,779$1,492
15 years$4,656$3,985$3,398$2,888$2,447$1,245
16 years$4,320$3,656$3,081$2,586$2,163$1,041
17 years$4,023$3,367$2,804$2,323$1,918$873
18 years$3,760$3,112$2,559$2,094$1,705$733
19 years$3,525$2,884$2,343$1,892$1,520$617
20 years$3,314$2,680$2,150$1,714$1,357$519
21 years$3,123$2,496$1,978$1,555$1,215$438
22 years$2,949$2,330$1,823$1,414$1,089$370
23 years$2,791$2,179$1,683$1,288$977$312
24 years$2,647$2,042$1,557$1,174$879$264
25 years$2,514$1,916$1,442$1,073$791$223
26 years$2,391$1,801$1,337$981$712$189
27 years$2,278$1,695$1,242$898$642$160
28 years$2,173$1,597$1,154$822$579$135
29 years$2,076$1,507$1,074$754$523$115
30 years$1,985$1,423$1,000$692$473$97
31 years$1,900$1,345$933$636$427$82
32 years$1,820$1,273$870$584$387$70
33 years$1,746$1,205$813$537$350$59
34 years$1,676$1,142$759$494$317$50
35 years$1,610$1,083$710$455$287$42
36 years$1,549$1,028$664$419$260$36
37 years$1,490$977$622$386$236$31
38 years$1,435$928$582$356$214$26
39 years$1,383$883$545$328$194$22
40 years$1,333$840$511$303$176$19
41 years$1,286$799$479$279$159$16
42 years$1,241$761$450$258$145$13
43 years$1,199$725$422$238$131$11
44 years$1,158$691$396$220$119$10
45 years$1,120$659$372$203$108$8
46 years$1,083$629$349$187$98$7
47 years$1,048$600$328$173$89$6
48 years$1,015$573$308$160$81$5
49 years$983$547$290$148$74$4
50 years$952$523$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $975,000, adding $4,459 every year, while hoping to spend $50,822 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: 72/17/11 Blend
44$975,000$975,000$975,000$975,000
45$1,079,049$1,027,374$1,012,262$1,154,059
46$1,135,038$1,023,642$992,099$1,200,538
47$1,195,035$1,018,022$969,556$1,244,723
48$1,259,394$1,010,371$944,502$1,291,725
49$1,328,505$1,000,532$916,796$1,341,811
50$1,402,796$988,342$886,292$1,395,275
51$1,482,737$973,626$852,838$1,452,440
52$1,568,842$956,200$816,275$1,513,665
53$1,661,679$935,869$776,435$1,579,346
54$1,761,868$912,425$733,143$1,649,919
55$1,870,094$885,649$686,219$1,725,867
56$1,987,107$855,309$635,471$1,807,722
57$2,113,733$821,160$580,700$1,896,074
58$2,250,878$782,942$521,698$1,991,573
59$2,399,542$740,379$458,249$2,094,936
60$2,560,819$693,182$390,124$2,206,956
61$2,735,918$641,043$317,089$2,328,510
62$2,926,164$583,637$238,894$2,460,564
63$3,133,018$520,620$155,281$2,604,186
64$3,358,084$451,629$65,982$2,760,554
65$3,603,131$376,281$0$2,930,971
66$3,870,102$294,171$0$3,120,315
67$4,161,137$204,870$0$3,335,219
68$4,478,590$107,926$0$3,569,719
69$4,825,054$2,861$0$3,825,786
70$5,203,381$0$0$4,105,593
71$5,616,711$0$0$4,432,270
72$6,068,503$0$0$4,789,976
73$6,562,563$0$0$5,181,195
74$7,103,081$0$0$5,609,250
75$7,694,673$0$0$6,077,805
76$8,342,420$0$0$6,590,888
77$9,051,918$0$0$7,152,941
78$9,829,331$0$0$7,768,851
79$10,681,444$0$0$8,444,002
80$11,615,732$0$0$9,184,325
81$12,640,429$0$0$9,996,350
82$13,764,601$0$0$10,887,271
83$14,998,237$0$0$11,865,013
84$16,352,337$0$0$12,938,301
85$17,839,020$0$0$14,116,752
86$19,471,636$0$0$15,410,955
87$21,264,888$0$0$16,832,577
88$23,234,978$0$0$18,394,470
89$25,399,751$0$0$20,110,793
90$27,778,866$0$0$21,997,143
91$30,393,985$0$0$24,070,706
92$33,268,968$0$0$26,350,412
93$36,430,105$0$0$28,857,119
94$39,906,361$0$0$31,613,808
95$43,729,647$0$0$34,645,798
96$47,935,123$0$0$37,980,982
97$52,561,527$0$0$41,650,097
98$57,651,540$0$0$45,687,006
99$63,252,189$0$0$50,129,020
100$69,415,291$0$0$55,017,251