Can I retire at age 45 with 978,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$80,762$80,043$79,341$78,656$77,987$76,444
2 years$39,981$39,237$38,515$37,815$37,137$35,588
3 years$26,389$25,642$24,922$24,229$23,561$22,056
4 years$19,595$18,849$18,137$17,455$16,804$15,354
5 years$15,519$14,778$14,075$13,407$12,774$11,383
6 years$12,803$12,067$11,375$10,722$10,108$8,777
7 years$10,863$10,134$9,452$8,815$8,220$6,950
8 years$9,410$8,687$8,016$7,395$6,820$5,610
9 years$8,279$7,563$6,904$6,299$5,743$4,593
10 years$7,376$6,667$6,019$5,430$4,893$3,802
11 years$6,637$5,935$5,299$4,725$4,208$3,174
12 years$6,022$5,327$4,703$4,145$3,647$2,669
13 years$5,501$4,814$4,202$3,659$3,180$2,256
14 years$5,056$4,376$3,775$3,248$2,788$1,916
15 years$4,670$3,997$3,409$2,897$2,455$1,633
16 years$4,333$3,668$3,091$2,594$2,169$1,397
17 years$4,036$3,378$2,812$2,331$1,923$1,198
18 years$3,772$3,121$2,567$2,100$1,710$1,029
19 years$3,536$2,893$2,350$1,898$1,524$886
20 years$3,324$2,688$2,157$1,719$1,362$764
21 years$3,132$2,504$1,984$1,560$1,219$660
22 years$2,958$2,337$1,828$1,418$1,092$570
23 years$2,800$2,186$1,688$1,292$980$494
24 years$2,655$2,048$1,561$1,178$881$428
25 years$2,521$1,922$1,446$1,076$793$371
26 years$2,399$1,806$1,341$984$714$322
27 years$2,285$1,700$1,245$900$644$279
28 years$2,180$1,602$1,158$825$581$242
29 years$2,082$1,511$1,077$757$525$211
30 years$1,991$1,427$1,004$694$474$183
31 years$1,906$1,349$936$638$429$159
32 years$1,826$1,277$873$586$388$138
33 years$1,751$1,209$815$539$351$120
34 years$1,681$1,146$762$496$318$105
35 years$1,615$1,087$712$456$288$91
36 years$1,553$1,032$666$420$261$79
37 years$1,495$980$623$387$236$69
38 years$1,439$931$584$357$214$60
39 years$1,387$885$547$329$194$52
40 years$1,337$842$513$304$176$45
41 years$1,290$802$481$280$160$40
42 years$1,245$764$451$259$145$34
43 years$1,203$728$423$239$132$30
44 years$1,162$694$397$220$119$26
45 years$1,123$661$373$204$108$23
46 years$1,087$631$350$188$98$20
47 years$1,051$602$329$174$89$17
48 years$1,018$575$309$160$81$15
49 years$986$549$291$148$74$13
50 years$955$524$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 $978,000, adding $5,507 every year, while hoping to spend $30,679 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: 35/39/26 Blend
44$978,000$978,000$978,000$978,000
45$1,083,436$1,031,602$1,016,443$1,112,688
46$1,161,305$1,049,509$1,017,852$1,152,860
47$1,246,087$1,067,264$1,018,280$1,193,005
48$1,338,457$1,084,829$1,017,661$1,235,719
49$1,439,155$1,102,161$1,015,928$1,281,252
50$1,548,995$1,119,213$1,013,008$1,329,881
51$1,668,875$1,135,937$1,008,826$1,381,911
52$1,799,782$1,152,279$1,003,303$1,437,680
53$1,942,803$1,168,184$996,357$1,497,562
54$2,099,134$1,183,591$987,900$1,561,971
55$2,270,094$1,198,435$977,843$1,631,364
56$2,457,132$1,212,646$966,089$1,706,247
57$2,661,846$1,226,152$952,539$1,787,178
58$2,885,994$1,238,874$937,090$1,874,777
59$3,131,514$1,250,727$919,631$1,969,727
60$3,400,537$1,261,622$900,048$2,072,782
61$3,695,414$1,271,464$878,221$2,184,778
62$4,018,732$1,280,151$854,027$2,306,638
63$4,373,338$1,287,574$827,333$2,439,381
64$4,762,373$1,293,619$798,002$2,584,134
65$5,189,292$1,298,163$765,892$2,742,142
66$5,657,903$1,301,077$730,853$2,914,780
67$6,172,400$1,302,221$692,728$3,103,566
68$6,737,404$1,301,449$651,354$3,310,180
69$7,358,005$1,298,605$606,559$3,536,475
70$8,039,808$1,293,523$558,165$3,784,496
71$8,788,990$1,286,028$505,986$4,056,506
72$9,612,357$1,275,933$449,826$4,355,000
73$10,517,404$1,263,040$389,482$4,682,733
74$11,512,390$1,247,140$324,740$5,042,749
75$12,606,415$1,228,011$255,380$5,438,405
76$13,809,502$1,205,416$181,168$5,873,412
77$15,132,697$1,179,108$101,863$6,351,861
78$16,588,169$1,148,821$17,212$6,878,270
79$18,189,325$1,114,276$0$7,457,625
80$19,950,937$1,075,176$0$8,115,716
81$21,889,283$1,031,210$0$8,844,743
82$24,022,295$982,044$0$9,646,707
83$26,369,734$927,329$0$10,529,085
84$28,953,372$866,694$0$11,500,124
85$31,797,200$799,747$0$12,568,913
86$34,927,652$726,072$0$13,745,481
87$38,373,856$645,232$0$15,040,879
88$42,167,904$556,764$0$16,467,298
89$46,345,163$460,178$0$18,038,176
90$50,944,601$354,957$0$19,768,332
91$56,009,156$240,556$0$21,674,103
92$61,586,145$116,398$0$23,773,501
93$67,727,704$0$0$26,086,387
94$74,491,285$0$0$28,642,433
95$81,940,195$0$0$31,512,679
96$90,144,194$0$0$34,674,074
97$99,180,153$0$0$38,156,265
98$109,132,779$0$0$41,991,921
99$120,095,415$0$0$46,217,042
100$132,170,919$0$0$50,871,295