Can I retire at age 45 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$81,175$80,452$79,747$79,058$78,386$75,907
2 years$40,186$39,437$38,712$38,009$37,327$34,852
3 years$26,524$25,773$25,049$24,353$23,682$21,288
4 years$19,695$18,946$18,229$17,545$16,890$14,596
5 years$15,599$14,854$14,147$13,476$12,839$10,652
6 years$12,868$12,129$11,433$10,777$10,159$8,080
7 years$10,919$10,186$9,501$8,860$8,262$6,291
8 years$9,458$8,731$8,057$7,433$6,854$4,989
9 years$8,322$7,602$6,940$6,331$5,772$4,011
10 years$7,413$6,701$6,050$5,457$4,918$3,259
11 years$6,671$5,965$5,327$4,750$4,230$2,669
12 years$6,052$5,354$4,727$4,166$3,666$2,200
13 years$5,530$4,839$4,223$3,678$3,196$1,823
14 years$5,082$4,398$3,795$3,265$2,802$1,517
15 years$4,694$4,018$3,426$2,912$2,467$1,266
16 years$4,355$3,686$3,106$2,607$2,180$1,060
17 years$4,056$3,395$2,827$2,342$1,933$889
18 years$3,791$3,137$2,580$2,111$1,719$747
19 years$3,554$2,907$2,362$1,907$1,532$629
20 years$3,341$2,702$2,168$1,728$1,369$530
21 years$3,148$2,517$1,994$1,568$1,225$448
22 years$2,974$2,349$1,838$1,426$1,098$378
23 years$2,814$2,197$1,697$1,298$985$320
24 years$2,668$2,059$1,569$1,184$886$270
25 years$2,534$1,932$1,454$1,081$797$229
26 years$2,411$1,816$1,348$989$718$194
27 years$2,297$1,709$1,252$905$647$164
28 years$2,191$1,610$1,164$829$584$139
29 years$2,093$1,519$1,083$760$527$118
30 years$2,001$1,434$1,009$698$477$100
31 years$1,915$1,356$940$641$431$85
32 years$1,835$1,283$877$589$390$72
33 years$1,760$1,215$819$542$353$61
34 years$1,690$1,152$765$498$319$52
35 years$1,624$1,092$716$459$289$44
36 years$1,561$1,037$669$423$262$37
37 years$1,502$985$627$389$238$32
38 years$1,447$936$587$359$215$27
39 years$1,394$890$550$331$195$23
40 years$1,344$847$515$305$177$19
41 years$1,297$806$483$282$161$16
42 years$1,252$768$453$260$146$14
43 years$1,209$731$425$240$132$12
44 years$1,168$697$399$221$120$10
45 years$1,129$665$375$205$109$9
46 years$1,092$634$352$189$99$7
47 years$1,057$605$331$175$90$6
48 years$1,023$578$311$161$82$5
49 years$991$552$292$149$74$4
50 years$960$527$275$138$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $983,000, adding $3,809 every year, while hoping to spend $58,585 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: 55/33/12 Blend
44$983,000$983,000$983,000$983,000
45$1,087,195$1,035,096$1,019,859$1,143,451
46$1,135,755$1,023,482$991,691$1,170,425
47$1,187,304$1,009,335$960,615$1,193,067
48$1,242,087$992,469$926,473$1,216,353
49$1,300,367$972,688$889,097$1,240,353
50$1,362,438$949,783$848,315$1,265,152
51$1,428,617$923,532$803,944$1,290,842
52$1,499,253$893,703$755,793$1,317,532
53$1,574,729$860,046$703,664$1,345,342
54$1,655,463$822,301$647,350$1,374,411
55$1,741,917$780,190$586,632$1,404,895
56$1,834,593$733,420$521,284$1,436,969
57$1,934,044$681,680$451,070$1,470,832
58$2,040,877$624,643$375,742$1,506,708
59$2,155,759$561,963$295,042$1,544,848
60$2,279,420$493,273$208,699$1,585,537
61$2,412,663$418,186$116,433$1,629,091
62$2,556,371$336,293$17,950$1,675,868
63$2,711,511$247,162$0$1,726,267
64$2,879,150$150,337$0$1,791,895
65$3,060,456$45,336$0$1,865,273
66$3,256,715$0$0$1,944,702
67$3,469,342$0$0$2,055,674
68$3,699,891$0$0$2,193,926
69$3,950,071$0$0$2,344,030
70$4,221,762$0$0$2,507,124
71$4,517,033$0$0$2,684,459
72$4,838,157$0$0$2,877,414
73$5,187,639$0$0$3,087,502
74$5,568,231$0$0$3,316,392
75$5,982,965$0$0$3,565,919
76$6,435,174$0$0$3,838,102
77$6,928,531$0$0$4,135,164
78$7,467,074$0$0$4,459,553
79$8,055,251$0$0$4,813,960
80$8,697,959$0$0$5,201,353
81$9,400,586$0$0$5,624,995
82$10,169,068$0$0$6,088,482
83$11,009,938$0$0$6,595,771
84$11,930,390$0$0$7,151,221
85$12,938,348$0$0$7,759,631
86$14,042,537$0$0$8,426,287
87$15,252,563$0$0$9,157,010
88$16,579,010$0$0$9,958,210
89$18,033,530$0$0$10,836,950
90$19,628,961$0$0$11,801,006
91$21,379,439$0$0$12,858,943
92$23,300,539$0$0$14,020,199
93$25,409,414$0$0$15,295,167
94$27,724,959$0$0$16,695,296
95$30,267,988$0$0$18,233,199
96$33,061,432$0$0$19,922,770
97$36,130,549$0$0$21,779,316
98$39,503,167$0$0$23,819,698
99$43,209,942$0$0$26,062,494
100$47,284,648$0$0$28,528,172