Can I retire at age 45 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$80,927$80,207$79,503$78,817$78,147$76,915
2 years$40,063$39,317$38,594$37,893$37,213$35,975
3 years$26,443$25,694$24,973$24,278$23,609$22,404
4 years$19,635$18,888$18,174$17,491$16,838$15,675
5 years$15,551$14,808$14,104$13,435$12,800$11,682
6 years$12,829$12,092$11,398$10,744$10,128$9,057
7 years$10,886$10,155$9,472$8,833$8,237$7,212
8 years$9,429$8,705$8,033$7,410$6,833$5,855
9 years$8,296$7,579$6,919$6,312$5,755$4,823
10 years$7,391$6,680$6,032$5,441$4,903$4,016
11 years$6,650$5,947$5,310$4,735$4,217$3,375
12 years$6,034$5,338$4,713$4,153$3,654$2,855
13 years$5,513$4,824$4,211$3,667$3,187$2,430
14 years$5,066$4,385$3,783$3,255$2,793$2,077
15 years$4,680$4,006$3,416$2,903$2,460$1,783
16 years$4,342$3,675$3,097$2,599$2,174$1,536
17 years$4,044$3,385$2,818$2,335$1,927$1,326
18 years$3,779$3,128$2,572$2,105$1,714$1,148
19 years$3,543$2,899$2,355$1,902$1,528$996
20 years$3,331$2,693$2,161$1,722$1,364$865
21 years$3,139$2,509$1,988$1,563$1,221$753
22 years$2,964$2,342$1,832$1,421$1,094$656
23 years$2,806$2,190$1,692$1,294$982$572
24 years$2,660$2,052$1,565$1,181$883$499
25 years$2,527$1,926$1,449$1,078$795$436
26 years$2,403$1,810$1,344$986$716$382
27 years$2,290$1,703$1,248$902$645$334
28 years$2,184$1,605$1,160$827$582$292
29 years$2,086$1,514$1,080$758$526$256
30 years$1,995$1,430$1,006$696$475$224
31 years$1,910$1,352$938$639$430$197
32 years$1,830$1,279$875$587$389$172
33 years$1,755$1,211$817$540$352$151
34 years$1,685$1,148$763$497$318$133
35 years$1,619$1,089$713$457$288$116
36 years$1,556$1,034$667$421$261$102
37 years$1,498$982$625$388$237$90
38 years$1,442$933$585$358$215$79
39 years$1,390$887$548$330$195$69
40 years$1,340$844$514$304$177$61
41 years$1,293$803$482$281$160$53
42 years$1,248$765$452$259$145$47
43 years$1,205$729$424$239$132$41
44 years$1,164$695$398$221$120$36
45 years$1,126$663$374$204$109$32
46 years$1,089$632$351$188$99$28
47 years$1,054$603$330$174$90$24
48 years$1,020$576$310$161$81$21
49 years$988$550$291$149$74$19
50 years$957$525$274$137$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $980,000, adding $6,303 every year, while hoping to spend $46,752 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: 51/40/9 Blend
44$980,000$980,000$980,000$980,000
45$1,086,462$1,034,522$1,019,332$1,139,026
46$1,147,537$1,035,469$1,003,735$1,176,497
47$1,213,275$1,034,897$986,050$1,211,674
48$1,284,102$1,032,680$966,156$1,248,821
49$1,360,486$1,028,687$943,928$1,288,131
50$1,442,942$1,022,778$919,235$1,329,826
51$1,532,034$1,014,807$891,942$1,374,146
52$1,628,384$1,004,615$861,904$1,421,363
53$1,732,674$992,036$828,973$1,471,776
54$1,845,655$976,894$792,992$1,525,718
55$1,968,152$959,002$753,797$1,583,560
56$2,101,072$938,161$711,218$1,645,714
57$2,245,414$914,163$665,076$1,712,634
58$2,402,274$886,785$615,184$1,784,829
59$2,572,860$855,792$561,347$1,862,859
60$2,758,501$820,935$503,361$1,947,349
61$2,960,659$781,952$441,014$2,038,989
62$3,180,941$738,563$374,084$2,138,547
63$3,421,119$690,474$302,337$2,246,872
64$3,683,140$637,374$225,533$2,364,907
65$3,969,149$578,934$143,416$2,493,694
66$4,281,506$514,806$55,725$2,634,391
67$4,622,810$444,621$0$2,788,278
68$4,995,922$367,993$0$2,960,409
69$5,403,990$284,509$0$3,154,665
70$5,850,485$193,737$0$3,367,457
71$6,339,223$95,219$0$3,600,739
72$6,874,410$0$0$3,856,670
73$7,460,676$0$0$4,142,715
74$8,103,122$0$0$4,502,197
75$8,807,363$0$0$4,896,359
76$9,579,585$0$0$5,328,676
77$10,426,600$0$0$5,802,975
78$11,355,913$0$0$6,323,473
79$12,375,788$0$0$6,894,812
80$13,495,330$0$0$7,522,107
81$14,724,568$0$0$8,210,993
82$16,074,548$0$0$8,967,677
83$17,557,440$0$0$9,798,996
84$19,186,652$0$0$10,712,483
85$20,976,951$0$0$11,716,437
86$22,944,608$0$0$12,819,999
87$25,107,548$0$0$14,033,242
88$27,485,520$0$0$15,367,262
89$30,100,280$0$0$16,834,285
90$32,975,800$0$0$18,447,781
91$36,138,490$0$0$20,222,590
92$39,617,448$0$0$22,175,063
93$43,444,734$0$0$24,323,215
94$47,655,671$0$0$26,686,898
95$52,289,180$0$0$29,287,982
96$57,388,146$0$0$32,150,566
97$62,999,818$0$0$35,301,202
98$69,176,260$0$0$38,769,149
99$75,974,839$0$0$42,586,643
100$83,458,765$0$0$46,789,208