Can I retire at age 45 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$81,340$80,616$79,909$79,219$78,545$77,596
2 years$40,268$39,518$38,791$38,086$37,403$36,447
3 years$26,578$25,825$25,100$24,402$23,730$22,798
4 years$19,735$18,984$18,267$17,580$16,924$16,023
5 years$15,630$14,884$14,176$13,503$12,866$11,998
6 years$12,895$12,154$11,456$10,799$10,180$9,347
7 years$10,941$10,207$9,520$8,878$8,279$7,481
8 years$9,477$8,749$8,074$7,448$6,868$6,105
9 years$8,339$7,618$6,954$6,344$5,784$5,055
10 years$7,429$6,715$6,063$5,468$4,928$4,233
11 years$6,684$5,978$5,337$4,759$4,239$3,577
12 years$6,065$5,365$4,737$4,174$3,673$3,044
13 years$5,541$4,849$4,232$3,685$3,203$2,605
14 years$5,092$4,407$3,802$3,271$2,808$2,241
15 years$4,704$4,026$3,433$2,918$2,472$1,935
16 years$4,364$3,694$3,113$2,612$2,185$1,677
17 years$4,065$3,402$2,832$2,347$1,937$1,458
18 years$3,799$3,143$2,586$2,115$1,723$1,270
19 years$3,561$2,913$2,367$1,911$1,535$1,109
20 years$3,348$2,707$2,172$1,731$1,371$970
21 years$3,155$2,522$1,998$1,571$1,227$850
22 years$2,980$2,354$1,842$1,428$1,100$745
23 years$2,820$2,202$1,700$1,301$987$655
24 years$2,674$2,063$1,573$1,187$888$576
25 years$2,539$1,936$1,456$1,084$799$506
26 years$2,416$1,819$1,351$991$719$446
27 years$2,301$1,712$1,254$907$649$393
28 years$2,195$1,613$1,166$831$585$347
29 years$2,097$1,522$1,085$762$528$306
30 years$2,005$1,437$1,011$699$477$270
31 years$1,919$1,359$942$642$432$238
32 years$1,839$1,286$879$590$391$211
33 years$1,764$1,218$821$543$353$186
34 years$1,693$1,154$767$499$320$164
35 years$1,627$1,095$717$460$290$145
36 years$1,564$1,039$671$423$263$129
37 years$1,505$987$628$390$238$114
38 years$1,450$938$588$360$216$101
39 years$1,397$892$551$332$196$89
40 years$1,347$848$516$306$177$79
41 years$1,299$808$484$282$161$70
42 years$1,254$769$454$260$146$62
43 years$1,211$733$426$240$133$55
44 years$1,170$698$400$222$120$48
45 years$1,131$666$376$205$109$43
46 years$1,094$635$353$189$99$38
47 years$1,059$606$331$175$90$34
48 years$1,025$579$311$162$82$30
49 years$993$553$293$149$74$26
50 years$962$528$275$138$67$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $985,000, adding $6,683 every year, while hoping to spend $21,810 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: 45/41/14 Blend
44$985,000$985,000$985,000$985,000
45$1,092,364$1,040,159$1,024,891$1,136,869
46$1,180,579$1,067,921$1,036,019$1,196,293
47$1,277,061$1,096,312$1,046,789$1,257,959
48$1,382,631$1,125,341$1,057,166$1,324,351
49$1,498,191$1,155,014$1,067,113$1,395,913
50$1,624,736$1,185,339$1,076,590$1,473,138
51$1,763,361$1,216,322$1,085,558$1,556,563
52$1,915,272$1,247,970$1,093,972$1,646,785
53$2,081,797$1,280,289$1,101,788$1,744,458
54$2,264,400$1,313,282$1,108,957$1,850,303
55$2,464,691$1,346,956$1,115,430$1,965,113
56$2,684,446$1,381,313$1,121,153$2,089,762
57$2,925,619$1,416,357$1,126,072$2,225,214
58$3,190,364$1,452,090$1,130,127$2,372,528
59$3,481,052$1,488,513$1,133,257$2,532,874
60$3,800,296$1,525,627$1,135,398$2,707,536
61$4,150,974$1,563,431$1,136,482$2,897,934
62$4,536,258$1,601,924$1,136,438$3,105,627
63$4,959,641$1,641,102$1,135,193$3,332,337
64$5,424,969$1,680,962$1,132,667$3,579,959
65$5,936,484$1,721,497$1,128,780$3,850,581
66$6,498,856$1,762,700$1,123,444$4,146,503
67$7,117,230$1,804,563$1,116,570$4,470,261
68$7,797,276$1,847,076$1,108,064$4,824,649
69$8,545,241$1,890,225$1,097,827$5,212,744
70$9,368,007$1,933,998$1,085,755$5,637,938
71$10,273,156$1,978,376$1,071,741$6,103,969
72$11,269,043$2,023,341$1,055,669$6,614,955
73$12,364,873$2,068,873$1,037,422$7,175,436
74$13,570,789$2,114,946$1,016,874$7,790,412
75$14,897,966$2,161,536$993,897$8,465,395
76$16,358,719$2,208,611$968,352$9,206,460
77$17,966,615$2,256,140$940,099$10,020,301
78$19,736,605$2,304,086$908,987$10,914,293
79$21,685,162$2,352,409$874,861$11,896,567
80$23,830,437$2,401,066$837,558$12,976,082
81$26,192,432$2,450,008$796,906$14,162,712
82$28,793,186$2,499,185$752,729$15,467,337
83$31,656,984$2,548,538$704,839$16,901,950
84$34,810,587$2,598,007$653,041$18,479,766
85$38,283,483$2,647,525$597,134$20,215,350
86$42,108,163$2,697,019$536,903$22,124,754
87$46,320,433$2,746,410$472,127$24,225,668
88$50,959,748$2,795,615$402,573$26,537,587
89$56,069,584$2,844,542$328,001$29,081,998
90$61,697,849$2,893,092$248,157$31,882,579
91$67,897,336$2,941,160$162,777$34,965,427
92$74,726,219$2,988,632$71,585$38,359,302
93$82,248,605$3,035,386$0$42,095,899
94$90,535,133$3,081,290$0$46,213,994
95$99,663,648$3,126,205$0$50,759,902
96$109,719,930$3,169,980$0$55,765,393
97$120,798,507$3,212,452$0$61,277,271
98$133,003,544$3,253,452$0$67,347,119
99$146,449,827$3,292,793$0$74,031,780
100$161,263,849$3,330,279$0$81,393,896