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%14.5%
1 years$81,258$80,534$79,828$79,139$78,466$77,007
2 years$40,227$39,477$38,751$38,047$37,365$35,901
3 years$26,551$25,799$25,075$24,377$23,706$22,282
4 years$19,715$18,965$18,248$17,562$16,907$15,535
5 years$15,614$14,869$14,161$13,490$12,852$11,535
6 years$12,881$12,141$11,444$10,788$10,170$8,909
7 years$10,930$10,196$9,510$8,869$8,271$7,067
8 years$9,467$8,740$8,065$7,440$6,861$5,714
9 years$8,330$7,610$6,947$6,337$5,778$4,687
10 years$7,421$6,708$6,056$5,463$4,923$3,886
11 years$6,678$5,972$5,332$4,754$4,234$3,251
12 years$6,059$5,360$4,732$4,170$3,669$2,738
13 years$5,535$4,844$4,228$3,682$3,200$2,320
14 years$5,087$4,403$3,799$3,268$2,805$1,974
15 years$4,699$4,022$3,430$2,915$2,470$1,686
16 years$4,359$3,690$3,109$2,610$2,183$1,445
17 years$4,060$3,398$2,829$2,345$1,935$1,242
18 years$3,795$3,140$2,583$2,113$1,721$1,069
19 years$3,558$2,910$2,365$1,909$1,534$923
20 years$3,344$2,704$2,170$1,729$1,370$798
21 years$3,152$2,519$1,996$1,569$1,226$690
22 years$2,977$2,351$1,840$1,427$1,099$598
23 years$2,817$2,199$1,699$1,300$986$519
24 years$2,671$2,061$1,571$1,185$887$451
25 years$2,537$1,934$1,455$1,083$798$391
26 years$2,413$1,817$1,349$990$719$340
27 years$2,299$1,710$1,253$906$648$296
28 years$2,193$1,612$1,165$830$585$258
29 years$2,095$1,520$1,084$761$528$224
30 years$2,003$1,436$1,010$699$477$196
31 years$1,917$1,357$941$642$431$170
32 years$1,837$1,284$878$590$390$149
33 years$1,762$1,216$820$542$353$130
34 years$1,692$1,153$766$499$320$113
35 years$1,625$1,093$716$459$290$99
36 years$1,563$1,038$670$423$262$86
37 years$1,504$986$627$390$238$75
38 years$1,448$937$587$359$216$65
39 years$1,395$891$550$331$195$57
40 years$1,345$847$516$305$177$50
41 years$1,298$807$484$282$161$44
42 years$1,253$768$454$260$146$38
43 years$1,210$732$426$240$132$33
44 years$1,169$698$400$222$120$29
45 years$1,130$665$375$205$109$25
46 years$1,093$635$352$189$99$22
47 years$1,058$606$331$175$90$19
48 years$1,024$578$311$161$82$17
49 years$992$552$292$149$74$15
50 years$961$528$275$138$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $984,000, adding $2,756 every year, while hoping to spend $37,500 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: 67/10/23 Blend
44$984,000$984,000$984,000$984,000
45$1,087,211$1,035,059$1,019,807$1,153,492
46$1,158,207$1,045,877$1,014,071$1,209,142
47$1,235,187$1,055,968$1,006,885$1,265,432
48$1,318,723$1,065,258$998,163$1,326,116
49$1,409,443$1,073,665$987,811$1,391,628
50$1,508,036$1,081,105$975,733$1,462,444
51$1,615,263$1,087,487$961,828$1,539,094
52$1,731,960$1,092,714$945,989$1,622,158
53$1,859,046$1,096,683$928,106$1,712,278
54$1,997,533$1,099,284$908,062$1,810,164
55$2,148,535$1,100,403$885,735$1,916,595
56$2,313,278$1,099,915$860,999$2,032,435
57$2,493,110$1,097,689$833,721$2,158,633
58$2,689,518$1,093,586$803,761$2,296,240
59$2,904,136$1,087,458$770,974$2,446,412
60$3,138,764$1,079,150$735,208$2,610,426
61$3,395,383$1,068,494$696,303$2,789,690
62$3,676,177$1,055,315$654,093$2,985,757
63$3,983,547$1,039,425$608,405$3,200,340
64$4,320,139$1,020,627$559,058$3,435,330
65$4,688,867$998,712$505,860$3,692,811
66$5,092,940$973,458$448,615$3,975,081
67$5,535,892$944,628$387,115$4,284,675
68$6,021,613$911,976$321,144$4,624,392
69$6,554,392$875,237$250,477$4,997,313
70$7,138,949$834,133$174,877$5,406,840
71$7,780,486$788,369$94,099$5,856,724
72$8,484,730$737,634$7,886$6,351,101
73$9,257,992$681,597$0$6,894,532
74$10,107,223$619,911$0$7,512,690
75$11,040,080$552,208$0$8,193,884
76$12,064,999$478,097$0$8,942,365
77$13,191,274$397,168$0$9,764,949
78$14,429,141$308,986$0$10,669,150
79$15,789,880$213,093$0$11,663,248
80$17,285,916$109,004$0$12,756,364
81$18,930,941$0$0$13,958,553
82$20,740,036$0$0$15,281,313
83$22,729,821$0$0$16,749,446
84$24,918,605$0$0$18,364,476
85$27,326,560$0$0$20,141,297
86$29,975,913$0$0$22,096,319
87$32,891,156$0$0$24,247,621
88$36,099,270$0$0$26,615,127
89$39,629,988$0$0$29,220,788
90$43,516,070$0$0$32,088,790
91$47,793,613$0$0$35,245,784
92$52,502,391$0$0$38,721,135
93$57,686,230$0$0$42,547,201
94$63,393,421$0$0$46,759,636
95$69,677,176$0$0$51,397,726
96$76,596,130$0$0$56,504,763
97$84,214,891$0$0$62,128,449
98$92,604,653$0$0$68,321,347
99$101,843,866$0$0$75,141,378
100$112,018,976$0$0$82,652,366