Can I retire at age 45 with 981,000?

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 $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%11.8%
1 years$81,010$80,288$79,584$78,897$78,226$77,636
2 years$40,104$39,357$38,633$37,931$37,251$36,655
3 years$26,470$25,720$24,998$24,303$23,633$23,052
4 years$19,655$18,907$18,192$17,509$16,855$16,292
5 years$15,567$14,823$14,118$13,449$12,813$12,269
6 years$12,842$12,104$11,409$10,755$10,139$9,615
7 years$10,897$10,165$9,481$8,842$8,245$7,743
8 years$9,438$8,714$8,041$7,418$6,840$6,358
9 years$8,305$7,587$6,926$6,318$5,761$5,299
10 years$7,398$6,687$6,038$5,446$4,908$4,467
11 years$6,657$5,953$5,316$4,740$4,221$3,800
12 years$6,040$5,343$4,718$4,157$3,658$3,256
13 years$5,518$4,829$4,215$3,670$3,190$2,807
14 years$5,071$4,389$3,787$3,258$2,796$2,432
15 years$4,684$4,010$3,419$2,906$2,462$2,116
16 years$4,346$3,679$3,100$2,602$2,176$1,848
17 years$4,048$3,388$2,821$2,338$1,929$1,618
18 years$3,783$3,131$2,575$2,107$1,716$1,421
19 years$3,547$2,902$2,357$1,904$1,529$1,251
20 years$3,334$2,696$2,163$1,724$1,366$1,103
21 years$3,142$2,511$1,990$1,565$1,222$974
22 years$2,968$2,344$1,834$1,423$1,096$862
23 years$2,808$2,193$1,693$1,296$983$763
24 years$2,663$2,054$1,566$1,182$884$677
25 years$2,529$1,928$1,451$1,079$795$600
26 years$2,406$1,812$1,345$987$716$533
27 years$2,292$1,705$1,249$903$646$474
28 years$2,186$1,607$1,161$828$583$422
29 years$2,088$1,516$1,081$759$526$375
30 years$1,997$1,432$1,007$696$476$334
31 years$1,912$1,353$938$640$430$298
32 years$1,832$1,280$876$588$389$266
33 years$1,757$1,213$818$541$352$237
34 years$1,687$1,149$764$497$319$211
35 years$1,620$1,090$714$458$289$189
36 years$1,558$1,035$668$422$262$168
37 years$1,499$983$625$389$237$150
38 years$1,444$934$586$358$215$134
39 years$1,391$888$549$330$195$120
40 years$1,341$845$514$305$177$107
41 years$1,294$804$482$281$160$96
42 years$1,249$766$452$259$146$85
43 years$1,206$730$424$239$132$76
44 years$1,166$696$398$221$120$68
45 years$1,127$663$374$204$109$61
46 years$1,090$633$351$189$99$54
47 years$1,055$604$330$174$90$49
48 years$1,021$577$310$161$81$44
49 years$989$551$292$149$74$39
50 years$958$526$274$138$67$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $981,000, adding $2,340 every year, while hoping to spend $49,014 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: 57/29/14 Blend
44$981,000$981,000$981,000$981,000
45$1,083,476$1,031,483$1,016,277$1,141,221
46$1,141,840$1,029,875$998,172$1,178,977
47$1,204,514$1,026,545$977,817$1,214,514
48$1,271,887$1,021,358$955,087$1,252,097
49$1,344,384$1,014,169$929,846$1,291,931
50$1,422,472$1,004,825$901,958$1,334,242
51$1,506,666$993,163$871,275$1,379,284
52$1,597,530$979,012$837,646$1,427,336
53$1,695,682$962,188$800,912$1,478,709
54$1,801,806$942,499$760,906$1,533,748
55$1,916,648$919,740$717,455$1,592,837
56$2,041,033$893,694$670,377$1,656,400
57$2,175,865$864,131$619,481$1,724,909
58$2,322,139$830,810$564,569$1,798,886
59$2,480,950$793,472$505,435$1,878,910
60$2,653,501$751,846$441,861$1,965,624
61$2,841,116$705,645$373,622$2,059,740
62$3,045,252$654,564$300,480$2,162,045
63$3,267,512$598,281$222,190$2,273,414
64$3,509,659$536,458$138,495$2,394,813
65$3,773,634$468,735$49,124$2,527,315
66$4,061,574$394,731$0$2,672,104
67$4,375,828$314,047$0$2,837,402
68$4,718,986$226,259$0$3,026,034
69$5,093,896$130,919$0$3,232,307
70$5,503,694$27,555$0$3,458,046
71$5,951,834$0$0$3,705,270
72$6,442,116$0$0$4,003,116
73$6,978,729$0$0$4,338,816
74$7,566,280$0$0$4,706,469
75$8,209,847$0$0$5,109,263
76$8,915,020$0$0$5,550,709
77$9,687,955$0$0$6,034,671
78$10,535,433$0$0$6,565,409
79$11,464,922$0$0$7,147,610
80$12,484,647$0$0$7,786,440
81$13,603,669$0$0$8,487,589
82$14,831,967$0$0$9,257,323
83$16,180,534$0$0$10,102,546
84$17,661,480$0$0$11,030,863
85$19,288,144$0$0$12,050,651
86$21,075,221$0$0$13,171,138
87$23,038,900$0$0$14,402,491
88$25,197,016$0$0$15,755,912
89$27,569,216$0$0$17,243,738
90$30,177,147$0$0$18,879,566
91$33,044,657$0$0$20,678,372
92$36,198,021$0$0$22,656,660
93$39,666,185$0$0$24,832,609
94$43,481,046$0$0$27,226,251
95$47,677,743$0$0$29,859,657
96$52,294,994$0$0$32,757,146
97$57,375,460$0$0$35,945,509
98$62,966,145$0$0$39,454,271
99$69,118,838$0$0$43,315,959
100$75,890,606$0$0$47,566,416