Can I retire at age 45 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$81,093$80,370$79,666$78,978$78,306$75,921
2 years$40,145$39,397$38,673$37,970$37,289$34,906
3 years$26,497$25,747$25,024$24,328$23,657$21,352
4 years$19,675$18,926$18,211$17,527$16,873$14,663
5 years$15,583$14,839$14,132$13,462$12,826$10,717
6 years$12,855$12,117$11,421$10,766$10,149$8,143
7 years$10,908$10,176$9,491$8,851$8,254$6,350
8 years$9,448$8,722$8,049$7,425$6,847$5,045
9 years$8,313$7,594$6,933$6,325$5,767$4,064
10 years$7,406$6,694$6,044$5,452$4,913$3,308
11 years$6,664$5,959$5,321$4,745$4,226$2,715
12 years$6,046$5,349$4,722$4,162$3,662$2,242
13 years$5,524$4,834$4,219$3,674$3,193$1,861
14 years$5,077$4,394$3,791$3,262$2,799$1,552
15 years$4,689$4,014$3,423$2,909$2,465$1,298
16 years$4,351$3,683$3,103$2,604$2,178$1,089
17 years$4,052$3,392$2,824$2,340$1,931$916
18 years$3,787$3,134$2,578$2,109$1,717$771
19 years$3,550$2,904$2,360$1,906$1,531$651
20 years$3,338$2,699$2,166$1,726$1,367$550
21 years$3,145$2,514$1,992$1,566$1,223$465
22 years$2,971$2,347$1,836$1,424$1,097$394
23 years$2,811$2,195$1,695$1,297$984$334
24 years$2,666$2,056$1,568$1,183$885$283
25 years$2,532$1,930$1,452$1,080$796$240
26 years$2,408$1,814$1,347$988$717$204
27 years$2,294$1,707$1,251$904$647$173
28 years$2,189$1,608$1,163$828$583$147
29 years$2,090$1,517$1,082$760$527$125
30 years$1,999$1,433$1,008$697$476$106
31 years$1,913$1,355$939$640$430$90
32 years$1,834$1,282$877$588$389$77
33 years$1,759$1,214$818$541$352$65
34 years$1,688$1,150$765$498$319$55
35 years$1,622$1,091$715$458$289$47
36 years$1,560$1,036$669$422$262$40
37 years$1,501$984$626$389$237$34
38 years$1,445$935$586$358$215$29
39 years$1,392$889$549$331$195$25
40 years$1,343$846$515$305$177$21
41 years$1,295$805$483$281$161$18
42 years$1,250$767$453$260$146$15
43 years$1,207$731$425$240$132$13
44 years$1,167$696$399$221$120$11
45 years$1,128$664$374$204$109$9
46 years$1,091$633$352$189$99$8
47 years$1,056$605$330$174$90$7
48 years$1,022$577$311$161$82$6
49 years$990$551$292$149$74$5
50 years$959$526$274$138$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $982,000, adding $2,405 every year, while hoping to spend $38,226 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: 37/33/30 Blend
44$982,000$982,000$982,000$982,000
45$1,084,645$1,032,599$1,017,378$1,114,987
46$1,154,606$1,042,524$1,010,788$1,147,666
47$1,230,423$1,051,654$1,002,696$1,179,313
48$1,312,651$1,059,910$993,011$1,212,781
49$1,401,904$1,067,208$981,639$1,248,260
50$1,498,854$1,073,457$968,480$1,285,963
51$1,604,242$1,078,562$953,429$1,326,128
52$1,718,884$1,082,421$936,379$1,369,017
53$1,843,677$1,084,926$917,214$1,414,924
54$1,979,606$1,085,961$895,815$1,464,173
55$2,127,758$1,085,406$872,057$1,517,127
56$2,289,328$1,083,130$845,810$1,574,188
57$2,465,631$1,078,995$816,936$1,635,802
58$2,658,116$1,072,855$785,293$1,702,465
59$2,868,374$1,064,556$750,731$1,774,726
60$3,098,162$1,053,933$713,094$1,853,195
61$3,349,410$1,040,811$672,218$1,938,550
62$3,624,245$1,025,006$627,933$2,031,540
63$3,925,010$1,006,323$580,060$2,132,997
64$4,254,281$984,553$528,413$2,243,844
65$4,614,900$959,478$472,796$2,365,102
66$5,009,992$930,865$413,007$2,497,901
67$5,443,001$898,467$348,833$2,643,496
68$5,917,719$862,024$280,051$2,803,274
69$6,438,324$821,261$206,431$2,978,771
70$7,009,417$775,886$127,729$3,171,687
71$7,636,063$725,591$43,695$3,383,902
72$8,323,846$670,049$0$3,617,500
73$9,078,913$608,917$0$3,889,501
74$9,908,038$541,829$0$4,203,616
75$10,818,679$468,400$0$4,548,751
76$11,819,057$388,224$0$4,928,115
77$12,918,225$300,871$0$5,345,252
78$14,126,157$205,887$0$5,804,069
79$15,453,842$102,792$0$6,308,880
80$16,913,385$0$0$6,864,445
81$18,518,125$0$0$7,479,257
82$20,282,754$0$0$8,196,520
83$22,223,462$0$0$8,985,507
84$24,358,087$0$0$9,853,488
85$26,706,280$0$0$10,808,475
86$29,289,694$0$0$11,859,293
87$32,132,187$0$0$13,015,667
88$35,260,045$0$0$14,288,314
89$38,702,231$0$0$15,689,039
90$42,490,658$0$0$17,230,853
91$46,660,490$0$0$18,928,090
92$51,250,472$0$0$20,796,546
93$56,303,297$0$0$22,853,625
94$61,866,006$0$0$25,118,504
95$67,990,434$0$0$27,612,316
96$74,733,698$0$0$30,358,346
97$82,158,735$0$0$33,382,253
98$90,334,894$0$0$36,712,310
99$99,338,595$0$0$40,379,672
100$109,254,043$0$0$44,418,671