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%20%
1 years$80,927$80,207$79,503$78,817$78,147$75,016
2 years$40,063$39,317$38,594$37,893$37,213$34,098
3 years$26,443$25,694$24,973$24,278$23,609$20,609
4 years$19,635$18,888$18,174$17,491$16,838$13,975
5 years$15,551$14,808$14,104$13,435$12,800$10,081
6 years$12,829$12,092$11,398$10,744$10,128$7,555
7 years$10,886$10,155$9,472$8,833$8,237$5,808
8 years$9,429$8,705$8,033$7,410$6,833$4,547
9 years$8,296$7,579$6,919$6,312$5,755$3,607
10 years$7,391$6,680$6,032$5,441$4,903$2,890
11 years$6,650$5,947$5,310$4,735$4,217$2,333
12 years$6,034$5,338$4,713$4,153$3,654$1,895
13 years$5,513$4,824$4,211$3,667$3,187$1,547
14 years$5,066$4,385$3,783$3,255$2,793$1,267
15 years$4,680$4,006$3,416$2,903$2,460$1,041
16 years$4,342$3,675$3,097$2,599$2,174$858
17 years$4,044$3,385$2,818$2,335$1,927$708
18 years$3,779$3,128$2,572$2,105$1,714$586
19 years$3,543$2,899$2,355$1,902$1,528$485
20 years$3,331$2,693$2,161$1,722$1,364$402
21 years$3,139$2,509$1,988$1,563$1,221$333
22 years$2,964$2,342$1,832$1,421$1,094$277
23 years$2,806$2,190$1,692$1,294$982$230
24 years$2,660$2,052$1,565$1,181$883$191
25 years$2,527$1,926$1,449$1,078$795$159
26 years$2,403$1,810$1,344$986$716$132
27 years$2,290$1,703$1,248$902$645$110
28 years$2,184$1,605$1,160$827$582$92
29 years$2,086$1,514$1,080$758$526$76
30 years$1,995$1,430$1,006$696$475$63
31 years$1,910$1,352$938$639$430$53
32 years$1,830$1,279$875$587$389$44
33 years$1,755$1,211$817$540$352$37
34 years$1,685$1,148$763$497$318$31
35 years$1,619$1,089$713$457$288$25
36 years$1,556$1,034$667$421$261$21
37 years$1,498$982$625$388$237$18
38 years$1,442$933$585$358$215$15
39 years$1,390$887$548$330$195$12
40 years$1,340$844$514$304$177$10
41 years$1,293$803$482$281$160$9
42 years$1,248$765$452$259$145$7
43 years$1,205$729$424$239$132$6
44 years$1,164$695$398$221$120$5
45 years$1,126$663$374$204$109$4
46 years$1,089$632$351$188$99$3
47 years$1,054$603$330$174$90$3
48 years$1,020$576$310$161$81$2
49 years$988$550$291$149$74$2
50 years$957$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $980,000, adding $2,373 every year, while hoping to spend $45,001 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: 62/12/26 Blend
44$980,000$980,000$980,000$980,000
45$1,082,408$1,030,468$1,015,278$1,141,884
46$1,144,933$1,033,080$1,001,409$1,185,123
47$1,212,327$1,034,312$985,567$1,227,185
48$1,285,039$1,034,048$967,639$1,272,136
49$1,363,564$1,032,167$947,505$1,320,265
50$1,448,443$1,028,539$925,042$1,371,893
51$1,540,272$1,023,025$900,119$1,427,376
52$1,639,706$1,015,480$872,599$1,487,106
53$1,747,466$1,005,748$842,341$1,551,518
54$1,864,343$993,666$809,195$1,621,091
55$1,991,209$979,058$773,006$1,696,358
56$2,129,021$961,741$733,611$1,777,907
57$2,278,834$941,519$690,839$1,866,386
58$2,441,806$918,184$644,513$1,962,515
59$2,619,213$891,518$594,447$2,067,086
60$2,812,458$861,288$540,447$2,180,979
61$3,023,086$827,248$482,309$2,305,162
62$3,252,796$789,139$419,822$2,440,708
63$3,503,460$746,685$352,764$2,588,801
64$3,777,135$699,595$280,904$2,750,749
65$4,076,090$647,562$204,002$2,927,998
66$4,402,819$590,261$121,804$3,122,144
67$4,760,071$527,347$34,048$3,334,950
68$5,150,869$458,458$0$3,568,364
69$5,578,544$383,209$0$3,841,072
70$6,046,765$301,196$0$4,150,067
71$6,559,569$211,988$0$4,488,600
72$7,121,404$115,135$0$4,859,651
73$7,737,168$10,157$0$5,266,506
74$8,412,255$0$0$5,712,787
75$9,152,608$0$0$6,216,146
76$9,964,768$0$0$6,769,872
77$10,855,945$0$0$7,377,548
78$11,834,077$0$0$8,044,598
79$12,907,910$0$0$8,776,994
80$14,087,076$0$0$9,581,318
81$15,382,188$0$0$10,464,819
82$16,804,936$0$0$11,435,483
83$18,368,197$0$0$12,502,106
84$20,086,160$0$0$13,674,382
85$21,974,454$0$0$14,962,987
86$24,050,298$0$0$16,379,686
87$26,332,663$0$0$17,937,437
88$28,842,450$0$0$19,650,520
89$31,602,687$0$0$21,534,667
90$34,638,745$0$0$23,607,211
91$37,978,578$0$0$25,887,248
92$41,652,983$0$0$28,395,820
93$45,695,897$0$0$31,156,110
94$50,144,709$0$0$34,193,664
95$55,040,616$0$0$37,536,626
96$60,429,011$0$0$41,216,010
97$66,359,912$0$0$45,265,986
98$72,888,430$0$0$49,724,208
99$80,075,291$0$0$54,632,162
100$87,987,407$0$0$60,035,564