Can I retire at age 45 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$81,010$80,288$79,584$78,897$78,226$77,313
2 years$40,104$39,357$38,633$37,931$37,251$36,331
3 years$26,470$25,720$24,998$24,303$23,633$22,737
4 years$19,655$18,907$18,192$17,509$16,855$15,988
5 years$15,567$14,823$14,118$13,449$12,813$11,978
6 years$12,842$12,104$11,409$10,755$10,139$9,336
7 years$10,897$10,165$9,481$8,842$8,245$7,477
8 years$9,438$8,714$8,041$7,418$6,840$6,105
9 years$8,305$7,587$6,926$6,318$5,761$5,058
10 years$7,398$6,687$6,038$5,446$4,908$4,238
11 years$6,657$5,953$5,316$4,740$4,221$3,583
12 years$6,040$5,343$4,718$4,157$3,658$3,051
13 years$5,518$4,829$4,215$3,670$3,190$2,614
14 years$5,071$4,389$3,787$3,258$2,796$2,250
15 years$4,684$4,010$3,419$2,906$2,462$1,944
16 years$4,346$3,679$3,100$2,602$2,176$1,686
17 years$4,048$3,388$2,821$2,338$1,929$1,466
18 years$3,783$3,131$2,575$2,107$1,716$1,278
19 years$3,547$2,902$2,357$1,904$1,529$1,117
20 years$3,334$2,696$2,163$1,724$1,366$978
21 years$3,142$2,511$1,990$1,565$1,222$857
22 years$2,968$2,344$1,834$1,423$1,096$752
23 years$2,808$2,193$1,693$1,296$983$661
24 years$2,663$2,054$1,566$1,182$884$582
25 years$2,529$1,928$1,451$1,079$795$512
26 years$2,406$1,812$1,345$987$716$452
27 years$2,292$1,705$1,249$903$646$398
28 years$2,186$1,607$1,161$828$583$352
29 years$2,088$1,516$1,081$759$526$310
30 years$1,997$1,432$1,007$696$476$274
31 years$1,912$1,353$938$640$430$242
32 years$1,832$1,280$876$588$389$214
33 years$1,757$1,213$818$541$352$189
34 years$1,687$1,149$764$497$319$168
35 years$1,620$1,090$714$458$289$148
36 years$1,558$1,035$668$422$262$131
37 years$1,499$983$625$389$237$116
38 years$1,444$934$586$358$215$103
39 years$1,391$888$549$330$195$91
40 years$1,341$845$514$305$177$81
41 years$1,294$804$482$281$160$71
42 years$1,249$766$452$259$146$63
43 years$1,206$730$424$239$132$56
44 years$1,166$696$398$221$120$50
45 years$1,127$663$374$204$109$44
46 years$1,090$633$351$189$99$39
47 years$1,055$604$330$174$90$35
48 years$1,021$577$310$161$81$31
49 years$989$551$292$149$74$27
50 years$958$526$274$138$67$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $981,000, adding $4,250 every year, while hoping to spend $38,765 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: 44/33/23 Blend
44$981,000$981,000$981,000$981,000
45$1,085,446$1,033,453$1,018,247$1,125,802
46$1,154,916$1,042,846$1,011,113$1,164,180
47$1,230,172$1,051,401$1,002,440$1,201,660
48$1,311,765$1,059,035$992,137$1,241,508
49$1,400,297$1,065,660$980,106$1,283,964
50$1,496,434$1,071,184$966,246$1,329,295
51$1,600,906$1,075,508$950,451$1,377,795
52$1,714,517$1,078,526$932,610$1,429,791
53$1,838,152$1,080,128$912,606$1,485,645
54$1,972,783$1,080,193$890,318$1,545,761
55$2,119,481$1,078,597$865,618$1,610,582
56$2,279,425$1,075,205$838,373$1,680,603
57$2,453,911$1,069,875$808,443$1,756,371
58$2,644,367$1,062,456$775,684$1,838,490
59$2,852,365$1,052,789$739,942$1,927,631
60$3,079,635$1,040,704$701,058$2,024,537
61$3,328,080$1,026,021$658,866$2,130,029
62$3,599,798$1,008,550$613,192$2,245,016
63$3,897,097$988,088$563,853$2,370,506
64$4,222,519$964,423$510,661$2,507,612
65$4,578,864$937,328$453,416$2,657,566
66$4,969,214$906,563$391,911$2,821,729
67$5,396,964$871,874$325,930$3,001,611
68$5,865,852$832,994$255,246$3,198,875
69$6,379,996$789,638$179,624$3,415,366
70$6,943,932$741,506$98,818$3,653,120
71$7,562,654$688,281$12,569$3,914,387
72$8,241,664$629,627$0$4,201,656
73$8,987,024$565,188$0$4,537,180
74$9,805,409$494,591$0$4,909,053
75$10,704,173$417,438$0$5,317,614
76$11,691,417$333,311$0$5,766,647
77$12,776,065$241,767$0$6,260,325
78$13,967,950$142,340$0$6,803,254
79$15,277,902$34,535$0$7,400,512
80$16,717,853$0$0$8,057,706
81$18,300,950$0$0$8,810,856
82$20,041,676$0$0$9,652,918
83$21,955,988$0$0$10,579,085
84$24,061,466$0$0$11,597,881
85$26,377,482$0$0$12,718,696
86$28,925,375$0$0$13,951,875
87$31,728,662$0$0$15,308,819
88$34,813,251$0$0$16,802,087
89$38,207,688$0$0$18,445,520
90$41,943,427$0$0$20,254,365
91$46,055,126$0$0$22,245,426
92$50,580,973$0$0$24,437,217
93$55,563,045$0$0$26,850,137
94$61,047,707$0$0$29,506,664
95$67,086,047$0$0$32,431,569
96$73,734,360$0$0$35,652,144
97$81,054,674$0$0$39,198,463
98$89,115,343$0$0$43,103,665
99$97,991,682$0$0$47,404,267
100$107,766,684$0$0$52,140,507