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%12.7%
1 years$80,845$80,125$79,422$78,736$78,067$77,187
2 years$40,022$39,277$38,554$37,854$37,175$36,289
3 years$26,416$25,668$24,947$24,253$23,585$22,721
4 years$19,615$18,869$18,155$17,473$16,821$15,986
5 years$15,535$14,793$14,089$13,421$12,787$11,982
6 years$12,816$12,080$11,386$10,733$10,118$9,345
7 years$10,875$10,145$9,462$8,824$8,229$7,487
8 years$9,419$8,696$8,024$7,402$6,826$6,117
9 years$8,288$7,571$6,911$6,305$5,749$5,071
10 years$7,383$6,674$6,026$5,435$4,898$4,252
11 years$6,644$5,941$5,305$4,730$4,213$3,597
12 years$6,028$5,332$4,708$4,149$3,651$3,065
13 years$5,507$4,819$4,206$3,663$3,183$2,627
14 years$5,061$4,380$3,779$3,252$2,791$2,263
15 years$4,675$4,002$3,412$2,900$2,457$1,957
16 years$4,337$3,671$3,094$2,596$2,172$1,698
17 years$4,040$3,381$2,815$2,333$1,925$1,478
18 years$3,776$3,124$2,570$2,102$1,712$1,289
19 years$3,540$2,896$2,353$1,900$1,526$1,127
20 years$3,327$2,691$2,159$1,721$1,363$988
21 years$3,136$2,506$1,986$1,562$1,220$866
22 years$2,961$2,340$1,830$1,420$1,093$761
23 years$2,803$2,188$1,690$1,293$981$670
24 years$2,657$2,050$1,563$1,179$882$590
25 years$2,524$1,924$1,448$1,077$794$520
26 years$2,401$1,808$1,343$985$715$458
27 years$2,287$1,702$1,247$901$645$405
28 years$2,182$1,604$1,159$826$582$357
29 years$2,084$1,513$1,079$757$525$316
30 years$1,993$1,429$1,005$695$475$279
31 years$1,908$1,351$937$638$429$247
32 years$1,828$1,278$874$587$388$218
33 years$1,753$1,210$816$539$351$193
34 years$1,683$1,147$762$496$318$171
35 years$1,617$1,088$713$457$288$152
36 years$1,555$1,033$667$421$261$134
37 years$1,496$981$624$388$237$119
38 years$1,441$932$584$357$214$105
39 years$1,388$886$548$330$194$93
40 years$1,338$843$513$304$176$83
41 years$1,291$803$481$280$160$73
42 years$1,246$764$451$259$145$65
43 years$1,204$728$424$239$132$58
44 years$1,163$694$398$221$120$51
45 years$1,125$662$373$204$109$45
46 years$1,088$632$351$188$99$40
47 years$1,052$603$329$174$90$36
48 years$1,019$575$310$161$81$32
49 years$987$549$291$148$74$28
50 years$956$525$274$137$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $979,000, adding $3,850 every year, while hoping to spend $54,737 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: 45/30/25 Blend
44$979,000$979,000$979,000$979,000
45$1,082,829$1,030,942$1,015,768$1,123,588
46$1,135,038$1,023,219$991,556$1,145,083
47$1,190,738$1,013,282$964,699$1,162,764
48$1,250,226$1,000,966$935,050$1,180,859
49$1,313,831$986,095$902,455$1,199,434
50$1,381,910$968,482$866,756$1,218,566
51$1,454,855$947,928$827,783$1,238,345
52$1,533,100$924,226$785,363$1,258,875
53$1,617,115$897,152$739,311$1,280,272
54$1,707,420$866,472$689,438$1,302,670
55$1,804,586$831,938$635,543$1,326,224
56$1,909,237$793,286$577,417$1,351,105
57$2,022,060$750,239$514,842$1,377,512
58$2,143,812$702,502$447,590$1,405,668
59$2,275,320$649,764$375,424$1,435,824
60$2,417,497$591,696$298,095$1,468,265
61$2,571,344$527,951$215,343$1,503,311
62$2,737,961$458,162$126,898$1,541,324
63$2,918,561$381,939$32,476$1,582,707
64$3,114,473$298,873$0$1,627,918
65$3,327,163$208,531$0$1,695,680
66$3,558,239$110,455$0$1,778,780
67$3,809,474$4,162$0$1,869,271
68$4,082,817$0$0$1,967,959
69$4,380,411$0$0$2,112,332
70$4,704,615$0$0$2,271,217
71$5,058,027$0$0$2,444,528
72$5,443,503$0$0$2,633,677
73$5,864,189$0$0$2,840,224
74$6,323,546$0$0$3,065,883
75$6,825,386$0$0$3,312,541
76$7,373,904$0$0$3,582,278
77$7,973,719$0$0$3,877,381
78$8,629,918$0$0$4,200,371
79$9,348,099$0$0$4,554,022
80$10,134,429$0$0$4,941,390
81$10,995,699$0$0$5,365,839
82$11,939,386$0$0$5,831,076
83$12,973,727$0$0$6,341,181
84$14,107,791$0$0$6,900,649
85$15,351,568$0$0$7,514,433
86$16,716,060$0$0$8,187,985
87$18,213,388$0$0$8,927,313
88$19,856,901$0$0$9,739,032
89$21,661,302$0$0$10,630,433
90$23,642,792$0$0$11,609,544
91$25,819,212$0$0$12,685,211
92$28,210,220$0$0$13,867,178
93$30,837,470$0$0$15,166,180
94$33,724,819$0$0$16,594,043
95$36,898,549$0$0$18,163,798
96$40,387,613$0$0$19,889,798
97$44,223,912$0$0$21,787,858
98$48,442,592$0$0$23,875,404
99$53,082,374$0$0$26,171,633
100$58,185,921$0$0$28,697,696