Can I retire at age 45 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$81,258$80,534$79,828$79,139$78,466$77,261
2 years$40,227$39,477$38,751$38,047$37,365$36,154
3 years$26,551$25,799$25,075$24,377$23,706$22,527
4 years$19,715$18,965$18,248$17,562$16,907$15,769
5 years$15,614$14,869$14,161$13,490$12,852$11,758
6 years$12,881$12,141$11,444$10,788$10,170$9,121
7 years$10,930$10,196$9,510$8,869$8,271$7,267
8 years$9,467$8,740$8,065$7,440$6,861$5,903
9 years$8,330$7,610$6,947$6,337$5,778$4,865
10 years$7,421$6,708$6,056$5,463$4,923$4,054
11 years$6,678$5,972$5,332$4,754$4,234$3,408
12 years$6,059$5,360$4,732$4,170$3,669$2,886
13 years$5,535$4,844$4,228$3,682$3,200$2,457
14 years$5,087$4,403$3,799$3,268$2,805$2,102
15 years$4,699$4,022$3,430$2,915$2,470$1,806
16 years$4,359$3,690$3,109$2,610$2,183$1,556
17 years$4,060$3,398$2,829$2,345$1,935$1,345
18 years$3,795$3,140$2,583$2,113$1,721$1,165
19 years$3,558$2,910$2,365$1,909$1,534$1,011
20 years$3,344$2,704$2,170$1,729$1,370$879
21 years$3,152$2,519$1,996$1,569$1,226$766
22 years$2,977$2,351$1,840$1,427$1,099$668
23 years$2,817$2,199$1,699$1,300$986$583
24 years$2,671$2,061$1,571$1,185$887$509
25 years$2,537$1,934$1,455$1,083$798$445
26 years$2,413$1,817$1,349$990$719$390
27 years$2,299$1,710$1,253$906$648$341
28 years$2,193$1,612$1,165$830$585$299
29 years$2,095$1,520$1,084$761$528$262
30 years$2,003$1,436$1,010$699$477$230
31 years$1,917$1,357$941$642$431$202
32 years$1,837$1,284$878$590$390$177
33 years$1,762$1,216$820$542$353$155
34 years$1,692$1,153$766$499$320$136
35 years$1,625$1,093$716$459$290$120
36 years$1,563$1,038$670$423$262$105
37 years$1,504$986$627$390$238$92
38 years$1,448$937$587$359$216$81
39 years$1,395$891$550$331$195$71
40 years$1,345$847$516$305$177$63
41 years$1,298$807$484$282$161$55
42 years$1,253$768$454$260$146$48
43 years$1,210$732$426$240$132$43
44 years$1,169$698$400$222$120$37
45 years$1,130$665$375$205$109$33
46 years$1,093$635$352$189$99$29
47 years$1,058$606$331$175$90$25
48 years$1,024$578$311$161$82$22
49 years$992$552$292$149$74$20
50 years$961$528$275$138$67$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $984,000, adding $3,156 every year, while hoping to spend $29,755 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: 57/15/28 Blend
44$984,000$984,000$984,000$984,000
45$1,087,623$1,035,471$1,020,219$1,141,099
46$1,166,902$1,054,550$1,022,738$1,197,241
47$1,253,270$1,073,567$1,024,343$1,255,024
48$1,347,418$1,092,487$1,024,974$1,317,399
49$1,450,109$1,111,273$1,024,564$1,384,820
50$1,562,179$1,129,884$1,023,046$1,457,787
51$1,684,552$1,148,279$1,020,349$1,536,852
52$1,818,242$1,166,411$1,016,396$1,622,625
53$1,964,367$1,184,229$1,011,110$1,715,776
54$2,124,158$1,201,682$1,004,408$1,817,047
55$2,298,970$1,218,712$996,203$1,927,254
56$2,490,294$1,235,258$986,405$2,047,299
57$2,699,773$1,251,255$974,919$2,178,177
58$2,929,217$1,266,633$961,645$2,320,983
59$3,180,616$1,281,318$946,480$2,476,927
60$3,456,166$1,295,229$929,314$2,647,345
61$3,758,283$1,308,283$910,034$2,833,706
62$4,089,627$1,320,389$888,520$3,037,635
63$4,453,131$1,331,450$864,647$3,260,921
64$4,852,022$1,341,363$838,285$3,505,538
65$5,289,858$1,350,019$809,296$3,773,664
66$5,770,555$1,357,301$777,539$4,067,699
67$6,298,429$1,363,086$742,864$4,390,293
68$6,878,233$1,367,241$705,114$4,744,364
69$7,515,204$1,369,628$664,127$5,133,133
70$8,215,111$1,370,096$619,731$5,560,152
71$8,984,309$1,368,487$571,749$6,029,335
72$9,829,800$1,364,634$519,994$6,545,001
73$10,759,297$1,358,359$464,272$7,111,910
74$11,781,300$1,349,473$404,379$7,735,313
75$12,905,169$1,337,774$340,103$8,420,997
76$14,141,223$1,323,051$271,222$9,175,346
77$15,500,825$1,305,078$197,505$10,005,396
78$16,996,498$1,283,616$118,711$10,918,904
79$18,642,039$1,258,412$34,586$11,924,426
80$20,452,650$1,229,197$0$13,031,392
81$22,445,081$1,195,689$0$14,266,687
82$24,637,788$1,157,585$0$15,637,385
83$27,051,104$1,114,569$0$17,145,863
84$29,707,437$1,066,303$0$18,806,144
85$32,631,475$1,012,432$0$20,633,677
86$35,850,423$952,578$0$22,645,492
87$39,394,255$886,343$0$24,860,353
88$43,296,001$813,306$0$27,298,940
89$47,592,056$733,021$0$29,984,045
90$52,322,525$645,019$0$32,940,782
91$57,531,598$548,800$0$36,196,832
92$63,267,970$443,840$0$39,782,698
93$69,585,299$329,584$0$43,731,996
94$76,542,711$205,446$0$48,081,772
95$84,205,361$70,805$0$52,872,855
96$92,645,042$0$0$58,150,238
97$101,940,868$0$0$63,975,883
98$112,180,019$0$0$70,405,699
99$123,458,561$0$0$77,488,342
100$135,882,354$0$0$85,290,304