Can I retire at age 45 with 997,000?

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 $997,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$82,331$81,598$80,882$80,184$79,502$76,378
2 years$40,758$39,999$39,263$38,550$37,858$34,749
3 years$26,902$26,140$25,406$24,699$24,019$21,022
4 years$19,976$19,216$18,489$17,795$17,130$14,269
5 years$15,821$15,065$14,348$13,668$13,022$10,304
6 years$13,052$12,302$11,596$10,930$10,304$7,731
7 years$11,075$10,331$9,636$8,986$8,380$5,950
8 years$9,592$8,856$8,172$7,538$6,952$4,663
9 years$8,440$7,710$7,039$6,421$5,855$3,704
10 years$7,519$6,796$6,136$5,535$4,988$2,971
11 years$6,766$6,050$5,402$4,817$4,290$2,402
12 years$6,139$5,431$4,794$4,225$3,718$1,954
13 years$5,608$4,908$4,284$3,730$3,242$1,597
14 years$5,154$4,461$3,849$3,311$2,842$1,310
15 years$4,761$4,075$3,475$2,953$2,502$1,078
16 years$4,417$3,739$3,151$2,644$2,211$889
17 years$4,114$3,443$2,867$2,376$1,961$735
18 years$3,845$3,182$2,617$2,141$1,744$609
19 years$3,605$2,949$2,396$1,935$1,554$505
20 years$3,388$2,740$2,199$1,752$1,388$419
21 years$3,193$2,552$2,022$1,590$1,242$348
22 years$3,016$2,383$1,864$1,446$1,113$290
23 years$2,854$2,228$1,721$1,317$999$241
24 years$2,706$2,088$1,592$1,201$898$201
25 years$2,570$1,959$1,474$1,097$808$167
26 years$2,445$1,841$1,367$1,003$728$139
27 years$2,329$1,733$1,270$918$657$116
28 years$2,222$1,633$1,180$841$592$97
29 years$2,122$1,541$1,098$771$535$81
30 years$2,029$1,455$1,023$708$483$67
31 years$1,943$1,375$954$650$437$56
32 years$1,862$1,301$890$597$395$47
33 years$1,785$1,232$831$549$358$39
34 years$1,714$1,168$776$505$324$33
35 years$1,647$1,108$726$465$293$27
36 years$1,583$1,052$679$429$266$23
37 years$1,524$999$636$395$241$19
38 years$1,467$949$595$364$218$16
39 years$1,414$903$558$336$198$13
40 years$1,363$859$523$310$180$11
41 years$1,315$817$490$286$163$9
42 years$1,269$778$460$264$148$8
43 years$1,226$742$431$243$134$6
44 years$1,185$707$405$225$122$5
45 years$1,145$674$380$207$111$4
46 years$1,108$643$357$192$100$4
47 years$1,072$614$335$177$91$3
48 years$1,038$586$315$164$83$3
49 years$1,005$560$296$151$75$2
50 years$973$534$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $997,000, adding $3,908 every year, while hoping to spend $51,139 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: 60/16/24 Blend
44$997,000$997,000$997,000$997,000
45$1,102,725$1,049,884$1,034,431$1,161,604
46$1,160,792$1,046,917$1,014,673$1,199,103
47$1,223,067$1,042,090$992,539$1,234,112
48$1,289,926$1,035,259$967,895$1,271,196
49$1,361,782$1,026,270$940,603$1,310,569
50$1,439,085$1,014,959$910,515$1,352,466
51$1,522,333$1,001,154$877,478$1,397,148
52$1,612,072$984,670$841,334$1,444,905
53$1,708,898$965,315$801,914$1,496,060
54$1,813,472$942,881$759,044$1,550,969
55$1,926,516$917,152$712,542$1,610,030
56$2,048,824$887,896$662,215$1,673,682
57$2,181,270$854,869$607,866$1,742,411
58$2,324,815$817,813$549,285$1,816,759
59$2,480,515$776,455$486,255$1,897,324
60$2,649,531$730,505$418,548$1,984,769
61$2,833,142$679,657$345,928$2,079,829
62$3,032,751$623,589$268,145$2,183,317
63$3,249,905$561,958$184,941$2,296,135
64$3,486,304$494,404$96,046$2,419,278
65$3,743,822$420,544$1,178$2,553,852
66$4,024,516$339,975$0$2,701,076
67$4,330,654$252,271$0$2,887,928
68$4,664,731$156,983$0$3,092,264
69$5,029,492$53,634$0$3,315,519
70$5,427,962$0$0$3,559,606
71$5,863,467$0$0$3,836,897
72$6,339,673$0$0$4,150,503
73$6,860,612$0$0$4,493,647
74$7,430,728$0$0$4,869,266
75$8,054,911$0$0$5,280,592
76$8,738,547$0$0$5,731,185
77$9,487,568$0$0$6,224,965
78$10,308,507$0$0$6,766,251
79$11,208,557$0$0$7,359,798
80$12,195,643$0$0$8,010,843
81$13,278,492$0$0$8,725,156
82$14,466,717$0$0$9,509,091
83$15,770,906$0$0$10,369,647
84$17,202,722$0$0$11,314,534
85$18,775,014$0$0$12,352,247
86$20,501,934$0$0$13,492,140
87$22,399,075$0$0$14,744,522
88$24,483,611$0$0$16,120,746
89$26,774,464$0$0$17,633,322
90$29,292,480$0$0$19,296,031
91$32,060,625$0$0$21,124,055
92$35,104,201$0$0$23,134,123
93$38,451,083$0$0$25,344,663
94$42,131,984$0$0$27,775,980
95$46,180,743$0$0$30,450,446
96$50,634,640$0$0$33,392,709
97$55,534,754$0$0$36,629,926
98$60,926,344$0$0$40,192,022
99$66,859,278$0$0$44,111,965
100$73,388,503$0$0$48,426,083