Can I retire at age 45 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$80,762$80,043$79,341$78,656$77,987$75,917
2 years$39,981$39,237$38,515$37,815$37,137$35,066
3 years$26,389$25,642$24,922$24,229$23,561$21,554
4 years$19,595$18,849$18,137$17,455$16,804$14,876
5 years$15,519$14,778$14,075$13,407$12,774$10,930
6 years$12,803$12,067$11,375$10,722$10,108$8,350
7 years$10,863$10,134$9,452$8,815$8,220$6,549
8 years$9,410$8,687$8,016$7,395$6,820$5,234
9 years$8,279$7,563$6,904$6,299$5,743$4,242
10 years$7,376$6,667$6,019$5,430$4,893$3,474
11 years$6,637$5,935$5,299$4,725$4,208$2,870
12 years$6,022$5,327$4,703$4,145$3,647$2,386
13 years$5,501$4,814$4,202$3,659$3,180$1,994
14 years$5,056$4,376$3,775$3,248$2,788$1,674
15 years$4,670$3,997$3,409$2,897$2,455$1,410
16 years$4,333$3,668$3,091$2,594$2,169$1,191
17 years$4,036$3,378$2,812$2,331$1,923$1,009
18 years$3,772$3,121$2,567$2,100$1,710$856
19 years$3,536$2,893$2,350$1,898$1,524$728
20 years$3,324$2,688$2,157$1,719$1,362$620
21 years$3,132$2,504$1,984$1,560$1,219$528
22 years$2,958$2,337$1,828$1,418$1,092$451
23 years$2,800$2,186$1,688$1,292$980$385
24 years$2,655$2,048$1,561$1,178$881$329
25 years$2,521$1,922$1,446$1,076$793$281
26 years$2,399$1,806$1,341$984$714$241
27 years$2,285$1,700$1,245$900$644$206
28 years$2,180$1,602$1,158$825$581$177
29 years$2,082$1,511$1,077$757$525$151
30 years$1,991$1,427$1,004$694$474$130
31 years$1,906$1,349$936$638$429$111
32 years$1,826$1,277$873$586$388$95
33 years$1,751$1,209$815$539$351$82
34 years$1,681$1,146$762$496$318$70
35 years$1,615$1,087$712$456$288$60
36 years$1,553$1,032$666$420$261$52
37 years$1,495$980$623$387$236$44
38 years$1,439$931$584$357$214$38
39 years$1,387$885$547$329$194$33
40 years$1,337$842$513$304$176$28
41 years$1,290$802$481$280$160$24
42 years$1,245$764$451$259$145$21
43 years$1,203$728$423$239$132$18
44 years$1,162$694$397$220$119$15
45 years$1,123$661$373$204$108$13
46 years$1,087$631$350$188$98$11
47 years$1,051$602$329$174$89$10
48 years$1,018$575$309$160$81$8
49 years$986$549$291$148$74$7
50 years$955$524$273$137$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $978,000, adding $6,885 every year, while hoping to spend $42,502 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: 57/19/24 Blend
44$978,000$978,000$978,000$978,000
45$1,084,858$1,033,024$1,017,865$1,139,270
46$1,150,292$1,038,420$1,006,742$1,182,638
47$1,220,975$1,042,657$993,821$1,224,784
48$1,297,399$1,045,631$978,998$1,269,816
49$1,380,102$1,047,236$962,164$1,318,024
50$1,469,678$1,047,356$943,201$1,369,728
51$1,566,778$1,045,869$921,991$1,425,285
52$1,672,118$1,042,646$898,407$1,485,087
53$1,786,488$1,037,549$872,317$1,549,570
54$1,910,753$1,030,432$843,584$1,619,214
55$2,045,868$1,021,141$812,062$1,694,552
56$2,192,881$1,009,512$777,600$1,776,173
57$2,352,948$995,370$740,042$1,864,730
58$2,527,337$978,532$699,223$1,960,941
59$2,717,447$958,802$654,968$2,065,604
60$2,924,817$935,974$607,100$2,179,599
61$3,151,140$909,827$555,429$2,303,899
62$3,398,279$880,132$499,759$2,439,581
63$3,668,286$846,641$439,884$2,587,834
64$3,963,421$809,096$375,589$2,749,971
65$4,286,170$767,222$306,652$2,927,446
66$4,639,272$720,728$232,837$3,121,861
67$5,025,741$669,308$153,900$3,334,990
68$5,448,898$612,635$69,587$3,568,789
69$5,912,398$550,367$0$3,825,422
70$6,420,269$482,141$0$4,112,498
71$6,976,944$407,574$0$4,446,788
72$7,587,307$326,259$0$4,813,441
73$8,256,736$237,770$0$5,215,748
74$8,991,156$141,653$0$5,657,342
75$9,797,092$37,432$0$6,142,225
76$10,681,732$0$0$6,674,810
77$11,652,993$0$0$7,275,729
78$12,719,597$0$0$7,944,321
79$13,891,152$0$0$8,678,792
80$15,178,242$0$0$9,485,790
81$16,592,525$0$0$10,372,638
82$18,146,848$0$0$11,347,402
83$19,855,361$0$0$12,418,969
84$21,733,655$0$0$13,597,132
85$23,798,905$0$0$14,892,677
86$26,070,037$0$0$16,317,490
87$28,567,898$0$0$17,884,665
88$31,315,462$0$0$19,608,630
89$34,338,036$0$0$21,505,281
90$37,663,507$0$0$23,592,133
91$41,322,600$0$0$25,888,482
92$45,349,170$0$0$28,415,593
93$49,780,517$0$0$31,196,893
94$54,657,742$0$0$34,258,198
95$60,026,132$0$0$37,627,951
96$65,935,586$0$0$41,337,495
97$72,441,089$0$0$45,421,364
98$79,603,226$0$0$49,917,612
99$87,488,754$0$0$54,868,170
100$96,171,235$0$0$60,319,243