Can I retire at age 45 with 979,000?

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 $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%12.1%
1 years$80,845$80,125$79,422$78,736$78,067$77,380
2 years$40,022$39,277$38,554$37,854$37,175$36,483
3 years$26,416$25,668$24,947$24,253$23,585$22,910
4 years$19,615$18,869$18,155$17,473$16,821$16,167
5 years$15,535$14,793$14,089$13,421$12,787$12,156
6 years$12,816$12,080$11,386$10,733$10,118$9,511
7 years$10,875$10,145$9,462$8,824$8,229$7,646
8 years$9,419$8,696$8,024$7,402$6,826$6,268
9 years$8,288$7,571$6,911$6,305$5,749$5,215
10 years$7,383$6,674$6,026$5,435$4,898$4,388
11 years$6,644$5,941$5,305$4,730$4,213$3,726
12 years$6,028$5,332$4,708$4,149$3,651$3,187
13 years$5,507$4,819$4,206$3,663$3,183$2,742
14 years$5,061$4,380$3,779$3,252$2,791$2,371
15 years$4,675$4,002$3,412$2,900$2,457$2,059
16 years$4,337$3,671$3,094$2,596$2,172$1,794
17 years$4,040$3,381$2,815$2,333$1,925$1,568
18 years$3,776$3,124$2,570$2,102$1,712$1,374
19 years$3,540$2,896$2,353$1,900$1,526$1,207
20 years$3,327$2,691$2,159$1,721$1,363$1,062
21 years$3,136$2,506$1,986$1,562$1,220$936
22 years$2,961$2,340$1,830$1,420$1,093$826
23 years$2,803$2,188$1,690$1,293$981$730
24 years$2,657$2,050$1,563$1,179$882$645
25 years$2,524$1,924$1,448$1,077$794$571
26 years$2,401$1,808$1,343$985$715$506
27 years$2,287$1,702$1,247$901$645$449
28 years$2,182$1,604$1,159$826$582$399
29 years$2,084$1,513$1,079$757$525$354
30 years$1,993$1,429$1,005$695$475$314
31 years$1,908$1,351$937$638$429$280
32 years$1,828$1,278$874$587$388$249
33 years$1,753$1,210$816$539$351$221
34 years$1,683$1,147$762$496$318$197
35 years$1,617$1,088$713$457$288$175
36 years$1,555$1,033$667$421$261$156
37 years$1,496$981$624$388$237$139
38 years$1,441$932$584$357$214$124
39 years$1,388$886$548$330$194$110
40 years$1,338$843$513$304$176$98
41 years$1,291$803$481$280$160$87
42 years$1,246$764$451$259$145$78
43 years$1,204$728$424$239$132$69
44 years$1,163$694$398$221$120$62
45 years$1,125$662$373$204$109$55
46 years$1,088$632$351$188$99$49
47 years$1,052$603$329$174$90$44
48 years$1,019$575$310$161$81$39
49 years$987$549$291$148$74$35
50 years$956$525$274$137$67$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $979,000, adding $5,643 every year, while hoping to spend $33,820 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: 68/21/11 Blend
44$979,000$979,000$979,000$979,000
45$1,084,679$1,032,792$1,017,617$1,155,531
46$1,159,332$1,047,414$1,015,723$1,217,963
47$1,240,466$1,061,620$1,012,632$1,281,634
48$1,328,706$1,075,352$1,008,268$1,350,385
49$1,424,742$1,088,552$1,002,552$1,424,708
50$1,529,328$1,101,154$995,401$1,505,148
51$1,643,299$1,113,090$986,727$1,592,303
52$1,767,572$1,124,288$976,438$1,686,836
53$1,903,155$1,134,668$964,440$1,789,473
54$2,051,160$1,144,150$950,631$1,901,017
55$2,212,808$1,152,643$934,907$2,022,354
56$2,389,445$1,160,054$917,158$2,154,459
57$2,582,555$1,166,282$897,268$2,298,407
58$2,793,766$1,171,221$875,118$2,455,384
59$3,024,877$1,174,758$850,581$2,626,696
60$3,277,865$1,176,771$823,526$2,813,784
61$3,554,908$1,177,133$793,814$3,018,236
62$3,858,404$1,175,709$761,303$3,241,805
63$4,190,995$1,172,352$725,840$3,486,419
64$4,555,590$1,166,911$687,269$3,754,209
65$4,955,393$1,159,222$645,425$4,047,519
66$5,393,932$1,149,113$600,136$4,368,937
67$5,875,094$1,136,401$551,222$4,721,316
68$6,403,161$1,120,892$498,495$5,107,799
69$6,982,849$1,102,380$441,760$5,531,852
70$7,619,351$1,080,648$380,810$5,997,298
71$8,318,390$1,055,466$315,433$6,508,349
72$9,086,270$1,026,588$245,404$7,069,650
73$9,929,935$993,756$170,491$7,686,321
74$10,857,035$956,697$90,449$8,364,008
75$11,875,998$915,121$5,024$9,108,933
76$12,996,110$868,721$0$9,927,956
77$14,227,598$817,173$0$10,838,751
78$15,581,733$760,135$0$11,840,831
79$17,070,933$697,244$0$12,942,831
80$18,708,876$628,117$0$14,154,916
81$20,510,636$552,350$0$15,488,293
82$22,492,819$469,513$0$16,955,312
83$24,673,723$379,155$0$18,569,584
84$27,073,508$280,800$0$20,346,112
85$29,714,388$173,941$0$22,301,430
86$32,620,838$58,046$0$24,453,762
87$35,819,827$0$0$26,823,193
88$39,341,070$0$0$29,447,444
89$43,217,310$0$0$32,351,099
90$47,484,625$0$0$35,547,776
91$52,182,769$0$0$39,067,265
92$57,355,548$0$0$42,942,392
93$63,051,229$0$0$47,209,324
94$69,323,001$0$0$51,907,918
95$76,229,470$0$0$57,082,091
96$83,835,218$0$0$62,780,236
97$92,211,409$0$0$69,055,679
98$101,436,458$0$0$75,967,180
99$111,596,776$0$0$83,579,491
100$122,787,581$0$0$91,963,962