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%13.5%
1 years$81,258$80,534$79,828$79,139$78,466$77,325
2 years$40,227$39,477$38,751$38,047$37,365$36,218
3 years$26,551$25,799$25,075$24,377$23,706$22,588
4 years$19,715$18,965$18,248$17,562$16,907$15,828
5 years$15,614$14,869$14,161$13,490$12,852$11,815
6 years$12,881$12,141$11,444$10,788$10,170$9,174
7 years$10,930$10,196$9,510$8,869$8,271$7,318
8 years$9,467$8,740$8,065$7,440$6,861$5,951
9 years$8,330$7,610$6,947$6,337$5,778$4,911
10 years$7,421$6,708$6,056$5,463$4,923$4,097
11 years$6,678$5,972$5,332$4,754$4,234$3,449
12 years$6,059$5,360$4,732$4,170$3,669$2,924
13 years$5,535$4,844$4,228$3,682$3,200$2,493
14 years$5,087$4,403$3,799$3,268$2,805$2,136
15 years$4,699$4,022$3,430$2,915$2,470$1,837
16 years$4,359$3,690$3,109$2,610$2,183$1,585
17 years$4,060$3,398$2,829$2,345$1,935$1,372
18 years$3,795$3,140$2,583$2,113$1,721$1,190
19 years$3,558$2,910$2,365$1,909$1,534$1,035
20 years$3,344$2,704$2,170$1,729$1,370$901
21 years$3,152$2,519$1,996$1,569$1,226$786
22 years$2,977$2,351$1,840$1,427$1,099$686
23 years$2,817$2,199$1,699$1,300$986$600
24 years$2,671$2,061$1,571$1,185$887$525
25 years$2,537$1,934$1,455$1,083$798$460
26 years$2,413$1,817$1,349$990$719$403
27 years$2,299$1,710$1,253$906$648$353
28 years$2,193$1,612$1,165$830$585$310
29 years$2,095$1,520$1,084$761$528$272
30 years$2,003$1,436$1,010$699$477$239
31 years$1,917$1,357$941$642$431$210
32 years$1,837$1,284$878$590$390$185
33 years$1,762$1,216$820$542$353$162
34 years$1,692$1,153$766$499$320$143
35 years$1,625$1,093$716$459$290$126
36 years$1,563$1,038$670$423$262$111
37 years$1,504$986$627$390$238$97
38 years$1,448$937$587$359$216$86
39 years$1,395$891$550$331$195$75
40 years$1,345$847$516$305$177$66
41 years$1,298$807$484$282$161$58
42 years$1,253$768$454$260$146$51
43 years$1,210$732$426$240$132$45
44 years$1,169$698$400$222$120$40
45 years$1,130$665$375$205$109$35
46 years$1,093$635$352$189$99$31
47 years$1,058$606$331$175$90$27
48 years$1,024$578$311$161$82$24
49 years$992$552$292$149$74$21
50 years$961$528$275$138$67$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $984,000, adding $3,482 every year, while hoping to spend $21,558 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: 39/50/11 Blend
44$984,000$984,000$984,000$984,000
45$1,087,960$1,035,808$1,020,556$1,126,642
46$1,175,994$1,063,625$1,031,807$1,182,150
47$1,272,285$1,092,082$1,042,712$1,239,749
48$1,377,653$1,121,189$1,053,238$1,301,547
49$1,493,000$1,150,953$1,063,347$1,367,934
50$1,619,318$1,181,383$1,073,002$1,439,335
51$1,757,704$1,212,485$1,082,162$1,516,221
52$1,909,361$1,244,268$1,090,786$1,599,108
53$2,075,616$1,276,738$1,098,828$1,688,565
54$2,257,932$1,309,902$1,106,242$1,785,219
55$2,457,919$1,343,764$1,112,978$1,889,758
56$2,677,348$1,378,330$1,118,985$2,002,943
57$2,918,175$1,413,605$1,124,208$2,125,607
58$3,182,549$1,449,592$1,128,589$2,258,673
59$3,472,841$1,486,294$1,132,069$2,403,151
60$3,791,662$1,523,714$1,134,584$2,560,160
61$4,141,886$1,561,851$1,136,068$2,730,927
62$4,526,684$1,600,707$1,136,452$2,916,807
63$4,949,544$1,640,279$1,135,661$3,119,290
64$5,414,311$1,680,567$1,133,619$3,340,020
65$5,925,222$1,721,566$1,130,247$3,580,806
66$6,486,943$1,763,272$1,125,459$3,843,641
67$7,104,617$1,805,677$1,119,167$4,130,722
68$7,783,907$1,848,775$1,111,279$4,444,470
69$8,531,056$1,892,555$1,101,696$4,787,550
70$9,352,939$1,937,005$1,090,319$5,162,900
71$10,257,133$1,982,113$1,077,039$5,573,757
72$11,251,986$2,027,862$1,061,745$6,023,688
73$12,346,696$2,074,234$1,044,321$6,516,624
74$13,551,397$2,121,210$1,024,644$7,056,896
75$14,877,255$2,168,765$1,002,585$7,649,275
76$16,336,576$2,216,875$978,012$8,299,023
77$17,942,914$2,265,510$950,783$9,011,933
78$19,711,210$2,314,638$920,753$9,794,393
79$21,657,922$2,364,224$887,767$10,653,442
80$23,801,189$2,414,230$851,666$11,596,835
81$26,160,994$2,464,611$812,281$12,633,121
82$28,759,361$2,515,322$769,437$13,771,719
83$31,620,554$2,566,311$722,951$15,023,012
84$34,771,312$2,617,523$672,632$16,398,439
85$38,241,100$2,668,895$618,280$17,910,610
86$42,062,384$2,720,363$559,684$19,573,420
87$46,270,942$2,771,855$496,627$21,402,182
88$50,906,195$2,823,293$428,882$23,413,774
89$56,011,586$2,874,593$356,208$25,626,795
90$61,634,984$2,925,666$278,358$28,061,742
91$67,829,142$2,976,412$195,072$30,741,208
92$74,652,186$3,026,728$106,079$33,690,088
93$82,168,172$3,076,501$11,095$36,935,820
94$90,447,684$3,125,608$0$40,508,644
95$99,568,505$3,173,920$0$44,452,479
96$109,616,347$3,221,296$0$48,795,539
97$120,685,662$3,267,588$0$53,577,033
98$132,880,534$3,312,633$0$58,841,611
99$146,315,658$3,356,262$0$64,638,476
100$161,117,425$3,398,289$0$71,021,852