Can I retire at age 45 with 976,000?

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 $976,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$80,597$79,879$79,179$78,495$77,828$76,287
2 years$39,900$39,156$38,436$37,738$37,061$35,516
3 years$26,336$25,589$24,871$24,179$23,513$22,011
4 years$19,555$18,811$18,100$17,420$16,770$15,322
5 years$15,487$14,748$14,046$13,380$12,748$11,360
6 years$12,777$12,043$11,351$10,700$10,087$8,759
7 years$10,841$10,113$9,433$8,797$8,203$6,936
8 years$9,390$8,669$8,000$7,380$6,806$5,598
9 years$8,262$7,548$6,890$6,286$5,731$4,584
10 years$7,361$6,653$6,007$5,418$4,883$3,794
11 years$6,623$5,923$5,289$4,716$4,200$3,168
12 years$6,009$5,316$4,693$4,136$3,639$2,663
13 years$5,490$4,804$4,193$3,652$3,174$2,251
14 years$5,046$4,367$3,768$3,242$2,782$1,912
15 years$4,661$3,989$3,402$2,891$2,450$1,630
16 years$4,324$3,660$3,084$2,589$2,165$1,394
17 years$4,027$3,371$2,806$2,326$1,920$1,195
18 years$3,764$3,115$2,562$2,096$1,707$1,027
19 years$3,529$2,887$2,345$1,894$1,521$884
20 years$3,317$2,682$2,152$1,715$1,359$763
21 years$3,126$2,499$1,980$1,557$1,216$658
22 years$2,952$2,332$1,825$1,415$1,090$569
23 years$2,794$2,181$1,685$1,289$978$493
24 years$2,649$2,044$1,558$1,176$879$427
25 years$2,516$1,918$1,443$1,074$791$370
26 years$2,394$1,803$1,338$982$713$321
27 years$2,280$1,697$1,243$899$643$279
28 years$2,175$1,599$1,155$823$580$242
29 years$2,078$1,508$1,075$755$524$210
30 years$1,987$1,424$1,002$693$473$183
31 years$1,902$1,346$934$636$428$159
32 years$1,822$1,274$871$585$387$138
33 years$1,748$1,206$813$538$350$120
34 years$1,678$1,143$760$495$317$104
35 years$1,612$1,085$711$456$287$91
36 years$1,550$1,029$665$420$260$79
37 years$1,492$978$622$387$236$69
38 years$1,436$929$583$356$214$60
39 years$1,384$884$546$329$194$52
40 years$1,334$841$512$303$176$45
41 years$1,287$800$480$280$160$40
42 years$1,243$762$450$258$145$34
43 years$1,200$726$422$238$131$30
44 years$1,160$692$396$220$119$26
45 years$1,121$660$372$203$108$23
46 years$1,084$630$350$188$98$20
47 years$1,049$601$328$173$89$17
48 years$1,016$574$309$160$81$15
49 years$984$548$290$148$74$13
50 years$953$523$273$137$67$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $976,000, adding $4,996 every year, while hoping to spend $30,660 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: 60/12/28 Blend
44$976,000$976,000$976,000$976,000
45$1,080,705$1,028,977$1,013,849$1,137,084
46$1,158,315$1,046,775$1,015,191$1,193,917
47$1,242,814$1,064,418$1,015,551$1,252,190
48$1,334,871$1,081,865$1,014,862$1,315,137
49$1,435,225$1,099,073$1,013,057$1,383,218
50$1,544,688$1,115,997$1,010,064$1,456,945
51$1,664,152$1,132,587$1,005,807$1,536,880
52$1,794,601$1,148,789$1,000,207$1,623,644
53$1,937,119$1,164,548$993,183$1,717,923
54$2,092,896$1,179,803$984,646$1,820,470
55$2,263,246$1,194,488$974,506$1,932,121
56$2,449,614$1,208,534$962,668$2,053,793
57$2,653,589$1,221,867$949,032$2,186,501
58$2,876,925$1,234,408$933,494$2,331,363
59$3,121,549$1,246,072$915,945$2,489,613
60$3,389,588$1,256,770$896,270$2,662,611
61$3,683,381$1,266,406$874,349$2,851,857
62$4,005,503$1,274,878$850,058$3,059,007
63$4,358,795$1,282,078$823,265$3,285,886
64$4,746,381$1,287,889$793,834$3,534,505
65$5,171,706$1,292,189$761,620$3,807,087
66$5,638,561$1,294,847$726,476$4,106,077
67$6,151,124$1,295,725$688,243$4,434,177
68$6,713,998$1,294,675$646,758$4,794,363
69$7,332,252$1,291,540$601,851$5,189,918
70$8,011,471$1,286,155$553,342$5,624,462
71$8,757,807$1,278,342$501,045$6,101,988
72$9,578,038$1,267,916$444,765$6,626,897
73$10,479,631$1,254,677$384,298$7,204,042
74$11,470,813$1,238,415$319,431$7,838,774
75$12,560,646$1,218,908$249,942$8,536,995
76$13,759,116$1,195,919$175,600$9,305,210
77$15,077,225$1,169,198$96,161$10,150,591
78$16,527,093$1,138,479$11,374$11,081,046
79$18,122,076$1,103,484$0$12,105,296
80$19,876,887$1,063,914$0$13,256,585
81$21,807,739$1,019,455$0$14,527,040
82$23,932,495$969,776$0$15,925,027
83$26,270,839$914,523$0$17,463,517
84$28,844,455$853,326$0$19,156,799
85$31,677,242$785,791$0$21,020,625
86$34,795,528$711,503$0$23,072,351
87$38,228,327$630,021$0$25,331,104
88$42,007,606$540,882$0$27,817,962
89$46,168,591$443,594$0$30,556,154
90$50,750,097$337,640$0$33,571,279
91$55,794,895$222,473$0$36,891,545
92$61,350,113$97,513$0$40,548,042
93$67,467,684$0$0$44,575,029
94$74,204,832$0$0$49,015,260
95$81,624,616$0$0$53,919,678
96$89,796,522$0$0$59,321,351
97$98,797,116$0$0$65,270,903
98$108,710,774$0$0$71,824,120
99$119,630,470$0$0$79,042,477
100$131,658,658$0$0$86,993,713