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Does a 45 year old woman still ovulate?

According to the American Society for Reproductive Medicine, a woman’s chance of getting pregnant in any given month drops to around 5% by age 40, yet many women in their mid-40s are surprised to learn that ovulation does not necessarily stop. The question, "Does a 45 year old woman still ovulate?" has a nuanced answer rooted in the transitional phase of perimenopause.