Can I retire at age 45 with 980,000?

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 $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%17.2%
1 years$80,927$80,207$79,503$78,817$78,147$75,858
2 years$40,063$39,317$38,594$37,893$37,213$34,925
3 years$26,443$25,694$24,973$24,278$23,609$21,395
4 years$19,635$18,888$18,174$17,491$16,838$14,714
5 years$15,551$14,808$14,104$13,435$12,800$10,772
6 years$12,829$12,092$11,398$10,744$10,128$8,198
7 years$10,886$10,155$9,472$8,833$8,237$6,404
8 years$9,429$8,705$8,033$7,410$6,833$5,097
9 years$8,296$7,579$6,919$6,312$5,755$4,113
10 years$7,391$6,680$6,032$5,441$4,903$3,354
11 years$6,650$5,947$5,310$4,735$4,217$2,758
12 years$6,034$5,338$4,713$4,153$3,654$2,283
13 years$5,513$4,824$4,211$3,667$3,187$1,899
14 years$5,066$4,385$3,783$3,255$2,793$1,586
15 years$4,680$4,006$3,416$2,903$2,460$1,330
16 years$4,342$3,675$3,097$2,599$2,174$1,118
17 years$4,044$3,385$2,818$2,335$1,927$942
18 years$3,779$3,128$2,572$2,105$1,714$795
19 years$3,543$2,899$2,355$1,902$1,528$673
20 years$3,331$2,693$2,161$1,722$1,364$570
21 years$3,139$2,509$1,988$1,563$1,221$483
22 years$2,964$2,342$1,832$1,421$1,094$410
23 years$2,806$2,190$1,692$1,294$982$348
24 years$2,660$2,052$1,565$1,181$883$296
25 years$2,527$1,926$1,449$1,078$795$252
26 years$2,403$1,810$1,344$986$716$214
27 years$2,290$1,703$1,248$902$645$182
28 years$2,184$1,605$1,160$827$582$155
29 years$2,086$1,514$1,080$758$526$132
30 years$1,995$1,430$1,006$696$475$113
31 years$1,910$1,352$938$639$430$96
32 years$1,830$1,279$875$587$389$82
33 years$1,755$1,211$817$540$352$70
34 years$1,685$1,148$763$497$318$59
35 years$1,619$1,089$713$457$288$51
36 years$1,556$1,034$667$421$261$43
37 years$1,498$982$625$388$237$37
38 years$1,442$933$585$358$215$31
39 years$1,390$887$548$330$195$27
40 years$1,340$844$514$304$177$23
41 years$1,293$803$482$281$160$20
42 years$1,248$765$452$259$145$17
43 years$1,205$729$424$239$132$14
44 years$1,164$695$398$221$120$12
45 years$1,126$663$374$204$109$10
46 years$1,089$632$351$188$99$9
47 years$1,054$603$330$174$90$8
48 years$1,020$576$310$161$81$6
49 years$988$550$291$149$74$5
50 years$957$525$274$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $980,000, adding $4,494 every year, while hoping to spend $52,688 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: 60/34/6 Blend
44$980,000$980,000$980,000$980,000
45$1,084,596$1,032,656$1,017,466$1,148,164
46$1,139,165$1,027,196$995,491$1,185,783
47$1,197,534$1,019,703$971,014$1,220,328
48$1,260,035$1,010,022$943,896$1,256,665
49$1,327,033$997,987$913,991$1,294,967
50$1,398,927$983,424$881,146$1,335,427
51$1,476,154$966,149$845,201$1,378,259
52$1,559,197$945,965$805,990$1,423,701
53$1,648,582$922,665$763,339$1,472,018
54$1,744,892$896,030$717,064$1,523,504
55$1,848,761$865,826$666,977$1,578,485
56$1,960,891$831,807$612,876$1,637,324
57$2,082,050$793,714$554,556$1,700,423
58$2,213,084$751,270$491,798$1,768,232
59$2,354,920$704,185$424,376$1,841,244
60$2,508,582$652,149$352,052$1,920,012
61$2,675,190$594,838$274,579$2,005,147
62$2,855,981$531,907$191,699$2,097,326
63$3,052,313$462,991$103,142$2,197,301
64$3,265,678$387,707$8,626$2,305,906
65$3,497,720$305,648$0$2,424,063
66$3,750,248$216,385$0$2,558,701
67$4,025,249$119,464$0$2,706,023
68$4,324,914$14,407$0$2,866,752
69$4,651,651$0$0$3,042,301
70$5,008,111$0$0$3,271,382
71$5,397,213$0$0$3,527,397
72$5,822,169$0$0$3,807,079
73$6,286,515$0$0$4,112,764
74$6,794,145$0$0$4,447,027
75$7,349,346$0$0$4,812,700
76$7,956,835$0$0$5,212,901
77$8,621,811$0$0$5,651,066
78$9,349,997$0$0$6,130,978
79$10,147,693$0$0$6,656,800
80$11,021,839$0$0$7,233,121
81$11,980,080$0$0$7,864,993
82$13,030,833$0$0$8,557,979
83$14,183,370$0$0$9,318,209
84$15,447,902$0$0$10,152,433
85$16,835,677$0$0$11,068,086
86$18,359,087$0$0$12,073,359
87$20,031,779$0$0$13,177,274
88$21,868,788$0$0$14,389,771
89$23,886,675$0$0$15,721,797
90$26,103,685$0$0$17,185,414
91$28,539,919$0$0$18,793,910
92$31,217,519$0$0$20,561,923
93$34,160,879$0$0$22,505,581
94$37,396,876$0$0$24,642,653
95$40,955,120$0$0$26,992,712
96$44,868,234$0$0$29,577,328
97$49,172,159$0$0$32,420,263
98$53,906,497$0$0$35,547,697
99$59,114,878$0$0$38,988,478
100$64,845,377$0$0$42,774,388