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%11.8%
1 years$80,845$80,125$79,422$78,736$78,067$77,477
2 years$40,022$39,277$38,554$37,854$37,175$36,580
3 years$26,416$25,668$24,947$24,253$23,585$23,005
4 years$19,615$18,869$18,155$17,473$16,821$16,259
5 years$15,535$14,793$14,089$13,421$12,787$12,244
6 years$12,816$12,080$11,386$10,733$10,118$9,596
7 years$10,875$10,145$9,462$8,824$8,229$7,727
8 years$9,419$8,696$8,024$7,402$6,826$6,345
9 years$8,288$7,571$6,911$6,305$5,749$5,288
10 years$7,383$6,674$6,026$5,435$4,898$4,458
11 years$6,644$5,941$5,305$4,730$4,213$3,792
12 years$6,028$5,332$4,708$4,149$3,651$3,250
13 years$5,507$4,819$4,206$3,663$3,183$2,802
14 years$5,061$4,380$3,779$3,252$2,791$2,427
15 years$4,675$4,002$3,412$2,900$2,457$2,112
16 years$4,337$3,671$3,094$2,596$2,172$1,844
17 years$4,040$3,381$2,815$2,333$1,925$1,615
18 years$3,776$3,124$2,570$2,102$1,712$1,418
19 years$3,540$2,896$2,353$1,900$1,526$1,248
20 years$3,327$2,691$2,159$1,721$1,363$1,100
21 years$3,136$2,506$1,986$1,562$1,220$972
22 years$2,961$2,340$1,830$1,420$1,093$860
23 years$2,803$2,188$1,690$1,293$981$761
24 years$2,657$2,050$1,563$1,179$882$675
25 years$2,524$1,924$1,448$1,077$794$599
26 years$2,401$1,808$1,343$985$715$532
27 years$2,287$1,702$1,247$901$645$473
28 years$2,182$1,604$1,159$826$582$421
29 years$2,084$1,513$1,079$757$525$375
30 years$1,993$1,429$1,005$695$475$334
31 years$1,908$1,351$937$638$429$297
32 years$1,828$1,278$874$587$388$265
33 years$1,753$1,210$816$539$351$236
34 years$1,683$1,147$762$496$318$211
35 years$1,617$1,088$713$457$288$188
36 years$1,555$1,033$667$421$261$168
37 years$1,496$981$624$388$237$150
38 years$1,441$932$584$357$214$134
39 years$1,388$886$548$330$194$120
40 years$1,338$843$513$304$176$107
41 years$1,291$803$481$280$160$95
42 years$1,246$764$451$259$145$85
43 years$1,204$728$424$239$132$76
44 years$1,163$694$398$221$120$68
45 years$1,125$662$373$204$109$61
46 years$1,088$632$351$188$99$54
47 years$1,052$603$329$174$90$49
48 years$1,019$575$310$161$81$43
49 years$987$549$291$148$74$39
50 years$956$525$274$137$67$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $979,000, adding $4,231 every year, while hoping to spend $23,971 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: 53/29/18 Blend
44$979,000$979,000$979,000$979,000
45$1,083,222$1,031,335$1,016,161$1,135,121
46$1,168,206$1,056,366$1,024,697$1,196,179
47$1,261,055$1,081,819$1,032,716$1,259,703
48$1,362,545$1,107,691$1,040,175$1,328,299
49$1,473,533$1,133,976$1,047,029$1,402,457
50$1,594,960$1,160,668$1,053,231$1,482,717
51$1,727,862$1,187,757$1,058,731$1,569,671
52$1,873,383$1,215,236$1,063,477$1,663,976
53$2,032,779$1,243,093$1,067,415$1,766,352
54$2,207,435$1,271,318$1,070,486$1,877,593
55$2,398,877$1,299,895$1,072,630$1,998,576
56$2,608,783$1,328,811$1,073,784$2,130,264
57$2,839,004$1,358,048$1,073,881$2,273,720
58$3,091,578$1,387,588$1,072,852$2,430,117
59$3,368,749$1,417,410$1,070,622$2,600,746
60$3,672,989$1,447,490$1,067,115$2,787,028
61$4,007,021$1,477,805$1,062,251$2,990,532
62$4,373,845$1,508,325$1,055,944$3,212,985
63$4,776,765$1,539,021$1,048,107$3,456,293
64$5,219,422$1,569,860$1,038,645$3,722,554
65$5,705,827$1,600,806$1,027,463$4,014,081
66$6,240,396$1,631,821$1,014,458$4,333,425
67$6,827,997$1,662,861$999,523$4,683,395
68$7,473,992$1,693,881$982,547$5,067,088
69$8,184,290$1,724,832$963,413$5,487,919
70$8,965,399$1,755,659$941,998$5,949,649
71$9,824,489$1,786,306$918,175$6,456,426
72$10,769,462$1,816,710$891,809$7,012,821
73$11,809,023$1,846,805$862,760$7,623,872
74$12,952,763$1,876,518$830,882$8,295,131
75$14,211,250$1,905,773$796,022$9,032,720
76$15,596,128$1,934,486$758,019$9,843,383
77$17,120,226$1,962,569$716,706$10,734,557
78$18,797,681$1,989,926$671,907$11,714,436
79$20,644,068$2,016,457$623,440$12,792,053
80$22,676,552$2,042,052$571,114$13,977,364
81$24,914,043$2,066,595$514,729$15,281,341
82$27,377,379$2,089,962$454,076$16,716,079
83$30,089,521$2,112,020$388,938$18,294,907
84$33,075,771$2,132,628$319,086$20,032,519
85$36,364,008$2,151,635$244,283$21,945,108
86$39,984,952$2,168,880$164,282$24,050,520
87$43,972,455$2,184,193$78,823$26,368,427
88$48,363,817$2,197,390$0$28,920,510
89$53,200,143$2,208,279$0$31,733,042
90$58,526,725$2,216,652$0$34,846,293
91$64,393,474$2,222,291$0$38,274,190
92$70,855,388$2,224,962$0$42,048,786
93$77,973,071$2,224,419$0$46,205,400
94$85,813,306$2,220,397$0$50,782,959
95$94,449,685$2,212,619$0$55,824,359
96$103,963,303$2,200,787$0$61,376,872
97$114,443,521$2,184,587$0$67,492,598
98$125,988,815$2,163,686$0$74,228,947
99$138,707,699$2,137,731$0$81,649,192
100$152,719,751$2,106,347$0$89,823,059