Can I retire at age 45 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$80,845$80,125$79,422$78,736$78,067$77,607
2 years$40,022$39,277$38,554$37,854$37,175$36,711
3 years$26,416$25,668$24,947$24,253$23,585$23,132
4 years$19,615$18,869$18,155$17,473$16,821$16,382
5 years$15,535$14,793$14,089$13,421$12,787$12,363
6 years$12,816$12,080$11,386$10,733$10,118$9,709
7 years$10,875$10,145$9,462$8,824$8,229$7,836
8 years$9,419$8,696$8,024$7,402$6,826$6,449
9 years$8,288$7,571$6,911$6,305$5,749$5,387
10 years$7,383$6,674$6,026$5,435$4,898$4,552
11 years$6,644$5,941$5,305$4,730$4,213$3,882
12 years$6,028$5,332$4,708$4,149$3,651$3,335
13 years$5,507$4,819$4,206$3,663$3,183$2,883
14 years$5,061$4,380$3,779$3,252$2,791$2,504
15 years$4,675$4,002$3,412$2,900$2,457$2,185
16 years$4,337$3,671$3,094$2,596$2,172$1,913
17 years$4,040$3,381$2,815$2,333$1,925$1,680
18 years$3,776$3,124$2,570$2,102$1,712$1,479
19 years$3,540$2,896$2,353$1,900$1,526$1,305
20 years$3,327$2,691$2,159$1,721$1,363$1,154
21 years$3,136$2,506$1,986$1,562$1,220$1,023
22 years$2,961$2,340$1,830$1,420$1,093$907
23 years$2,803$2,188$1,690$1,293$981$806
24 years$2,657$2,050$1,563$1,179$882$717
25 years$2,524$1,924$1,448$1,077$794$638
26 years$2,401$1,808$1,343$985$715$569
27 years$2,287$1,702$1,247$901$645$507
28 years$2,182$1,604$1,159$826$582$453
29 years$2,084$1,513$1,079$757$525$404
30 years$1,993$1,429$1,005$695$475$361
31 years$1,908$1,351$937$638$429$323
32 years$1,828$1,278$874$587$388$289
33 years$1,753$1,210$816$539$351$258
34 years$1,683$1,147$762$496$318$231
35 years$1,617$1,088$713$457$288$207
36 years$1,555$1,033$667$421$261$185
37 years$1,496$981$624$388$237$166
38 years$1,441$932$584$357$214$149
39 years$1,388$886$548$330$194$133
40 years$1,338$843$513$304$176$119
41 years$1,291$803$481$280$160$107
42 years$1,246$764$451$259$145$96
43 years$1,204$728$424$239$132$86
44 years$1,163$694$398$221$120$77
45 years$1,125$662$373$204$109$69
46 years$1,088$632$351$188$99$62
47 years$1,052$603$329$174$90$56
48 years$1,019$575$310$161$81$50
49 years$987$549$291$148$74$45
50 years$956$525$274$137$67$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $979,000, adding $5,093 every year, while hoping to spend $34,827 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: 22/48/30 Blend
44$979,000$979,000$979,000$979,000
45$1,084,111$1,032,224$1,017,050$1,097,620
46$1,157,635$1,045,748$1,014,065$1,123,698
47$1,237,491$1,058,766$1,009,814$1,148,361
48$1,324,288$1,071,219$1,004,216$1,174,006
49$1,418,697$1,083,040$997,188$1,200,737
50$1,521,454$1,094,159$988,644$1,228,671
51$1,633,371$1,104,501$978,492$1,257,938
52$1,755,340$1,113,988$966,637$1,288,685
53$1,888,344$1,122,533$952,979$1,321,078
54$2,033,465$1,130,046$937,413$1,355,299
55$2,191,892$1,136,432$919,830$1,391,555
56$2,364,935$1,141,587$900,114$1,430,077
57$2,554,037$1,145,403$878,147$1,471,123
58$2,760,785$1,147,765$853,801$1,514,980
59$2,986,929$1,148,549$826,947$1,561,969
60$3,234,392$1,147,624$797,446$1,612,450
61$3,505,294$1,144,852$765,155$1,666,820
62$3,801,970$1,140,085$729,923$1,725,527
63$4,126,989$1,133,168$691,594$1,789,065
64$4,483,183$1,123,934$650,004$1,857,987
65$4,873,669$1,112,208$604,980$1,932,907
66$5,301,880$1,097,803$556,343$2,014,507
67$5,771,598$1,080,522$503,907$2,103,548
68$6,286,988$1,060,155$447,476$2,200,873
69$6,852,639$1,036,481$386,844$2,307,419
70$7,473,605$1,009,264$321,800$2,424,229
71$8,155,452$978,257$252,119$2,552,456
72$8,904,312$943,196$177,570$2,693,384
73$9,726,942$903,803$97,908$2,848,434
74$10,630,784$859,783$12,882$3,019,185
75$11,624,035$810,824$0$3,207,385
76$12,715,729$756,597$0$3,439,894
77$13,915,817$696,753$0$3,699,959
78$15,235,260$630,924$0$3,985,923
79$16,686,137$558,720$0$4,300,517
80$18,281,756$479,730$0$4,646,761
81$20,036,777$393,519$0$5,027,988
82$21,967,354$299,627$0$5,447,883
83$24,091,285$197,570$0$5,910,515
84$26,428,180$86,834$0$6,420,380
85$28,999,645$0$0$6,982,443
86$31,829,487$0$0$7,619,681
87$34,943,937$0$0$8,371,690
88$38,371,897$0$0$9,199,612
89$42,145,216$0$0$10,111,162
90$46,298,984$0$0$11,114,846
91$50,871,867$0$0$12,220,034
92$55,906,471$0$0$13,437,054
93$61,449,744$0$0$14,777,282
94$67,553,416$0$0$16,253,257
95$74,274,490$0$0$17,878,796
96$81,675,779$0$0$19,669,123
97$89,826,496$0$0$21,641,014
98$98,802,909$0$0$23,812,955
99$108,689,061$0$0$26,205,318
100$119,577,560$0$0$28,840,550