Can I retire at age 45 with 982,000?

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 $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%14.1%
1 years$81,093$80,370$79,666$78,978$78,306$76,977
2 years$40,145$39,397$38,673$37,970$37,289$35,954
3 years$26,497$25,747$25,024$24,328$23,657$22,358
4 years$19,675$18,926$18,211$17,527$16,873$15,619
5 years$15,583$14,839$14,132$13,462$12,826$11,622
6 years$12,855$12,117$11,421$10,766$10,149$8,996
7 years$10,908$10,176$9,491$8,851$8,254$7,152
8 years$9,448$8,722$8,049$7,425$6,847$5,796
9 years$8,313$7,594$6,933$6,325$5,767$4,765
10 years$7,406$6,694$6,044$5,452$4,913$3,961
11 years$6,664$5,959$5,321$4,745$4,226$3,322
12 years$6,046$5,349$4,722$4,162$3,662$2,805
13 years$5,524$4,834$4,219$3,674$3,193$2,383
14 years$5,077$4,394$3,791$3,262$2,799$2,033
15 years$4,689$4,014$3,423$2,909$2,465$1,741
16 years$4,351$3,683$3,103$2,604$2,178$1,497
17 years$4,052$3,392$2,824$2,340$1,931$1,290
18 years$3,787$3,134$2,578$2,109$1,717$1,114
19 years$3,550$2,904$2,360$1,906$1,531$964
20 years$3,338$2,699$2,166$1,726$1,367$836
21 years$3,145$2,514$1,992$1,566$1,223$726
22 years$2,971$2,347$1,836$1,424$1,097$631
23 years$2,811$2,195$1,695$1,297$984$549
24 years$2,666$2,056$1,568$1,183$885$478
25 years$2,532$1,930$1,452$1,080$796$417
26 years$2,408$1,814$1,347$988$717$363
27 years$2,294$1,707$1,251$904$647$317
28 years$2,189$1,608$1,163$828$583$277
29 years$2,090$1,517$1,082$760$527$242
30 years$1,999$1,433$1,008$697$476$212
31 years$1,913$1,355$939$640$430$185
32 years$1,834$1,282$877$588$389$162
33 years$1,759$1,214$818$541$352$142
34 years$1,688$1,150$765$498$319$124
35 years$1,622$1,091$715$458$289$108
36 years$1,560$1,036$669$422$262$95
37 years$1,501$984$626$389$237$83
38 years$1,445$935$586$358$215$73
39 years$1,392$889$549$331$195$64
40 years$1,343$846$515$305$177$56
41 years$1,295$805$483$281$161$49
42 years$1,250$767$453$260$146$43
43 years$1,207$731$425$240$132$37
44 years$1,167$696$399$221$120$33
45 years$1,128$664$374$204$109$29
46 years$1,091$633$352$189$99$25
47 years$1,056$605$330$174$90$22
48 years$1,022$577$311$161$82$19
49 years$990$551$292$149$74$17
50 years$959$526$274$138$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $982,000, adding $3,931 every year, while hoping to spend $47,140 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: 31/42/27 Blend
44$982,000$982,000$982,000$982,000
45$1,086,219$1,034,173$1,018,952$1,110,795
46$1,146,857$1,034,691$1,002,930$1,130,588
47$1,212,099$1,033,654$984,792$1,147,454
48$1,282,367$1,030,937$964,416$1,164,676
49$1,358,122$1,026,405$941,677$1,182,317
50$1,439,869$1,019,918$916,442$1,200,449
51$1,528,165$1,011,324$888,573$1,219,160
52$1,623,623$1,000,464$857,925$1,238,547
53$1,726,915$987,169$824,348$1,258,722
54$1,838,780$971,260$787,682$1,279,817
55$1,960,029$952,546$747,764$1,301,978
56$2,091,558$930,826$704,420$1,325,375
57$2,234,348$905,888$657,469$1,350,198
58$2,389,481$877,505$606,723$1,376,665
59$2,558,144$845,439$551,985$1,405,023
60$2,741,647$809,438$493,048$1,435,548
61$2,941,428$769,234$429,699$1,468,556
62$3,159,071$724,543$361,711$1,504,400
63$3,396,319$675,068$288,851$1,543,479
64$3,655,089$620,492$210,873$1,586,239
65$3,937,492$560,481$127,521$1,633,184
66$4,245,853$494,681$38,530$1,684,878
67$4,582,728$422,718$0$1,741,952
68$4,950,935$344,200$0$1,821,373
69$5,353,572$258,708$0$1,920,575
70$5,794,055$165,803$0$2,029,419
71$6,276,141$65,019$0$2,148,981
72$6,803,968$0$0$2,280,460
73$7,382,096$0$0$2,445,581
74$8,015,543$0$0$2,659,575
75$8,709,836$0$0$2,894,281
76$9,471,063$0$0$3,151,775
77$10,305,930$0$0$3,434,344
78$11,221,820$0$0$3,744,510
79$12,226,870$0$0$4,085,049
80$13,330,037$0$0$4,459,018
81$14,541,192$0$0$4,869,787
82$15,871,207$0$0$5,321,067
83$17,332,059$0$0$5,816,946
84$18,936,939$0$0$6,361,928
85$20,700,384$0$0$6,960,976
86$22,638,404$0$0$7,619,556
87$24,768,639$0$0$8,343,690
88$27,110,523$0$0$9,140,015
89$29,685,468$0$0$10,015,841
90$32,517,061$0$0$10,979,222
91$35,631,293$0$0$12,039,035
92$39,056,797$0$0$13,205,056
93$42,825,123$0$0$14,488,059
94$46,971,030$0$0$15,899,915
95$51,532,820$0$0$17,453,704
96$56,552,690$0$0$19,163,838
97$62,077,138$0$0$21,046,195
98$68,157,396$0$0$23,118,274
99$74,849,914$0$0$25,399,354
100$82,216,894$0$0$27,910,680