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%17.6%
1 years$81,340$80,616$79,909$79,219$78,545$76,122
2 years$40,268$39,518$38,791$38,086$37,403$34,983
3 years$26,578$25,825$25,100$24,402$23,730$21,389
4 years$19,735$18,984$18,267$17,580$16,924$14,680
5 years$15,630$14,884$14,176$13,503$12,866$10,725
6 years$12,895$12,154$11,456$10,799$10,180$8,144
7 years$10,941$10,207$9,520$8,878$8,279$6,348
8 years$9,477$8,749$8,074$7,448$6,868$5,040
9 years$8,339$7,618$6,954$6,344$5,784$4,057
10 years$7,429$6,715$6,063$5,468$4,928$3,301
11 years$6,684$5,978$5,337$4,759$4,239$2,707
12 years$6,065$5,365$4,737$4,174$3,673$2,234
13 years$5,541$4,849$4,232$3,685$3,203$1,854
14 years$5,092$4,407$3,802$3,271$2,808$1,544
15 years$4,704$4,026$3,433$2,918$2,472$1,291
16 years$4,364$3,694$3,113$2,612$2,185$1,082
17 years$4,065$3,402$2,832$2,347$1,937$909
18 years$3,799$3,143$2,586$2,115$1,723$765
19 years$3,561$2,913$2,367$1,911$1,535$645
20 years$3,348$2,707$2,172$1,731$1,371$545
21 years$3,155$2,522$1,998$1,571$1,227$460
22 years$2,980$2,354$1,842$1,428$1,100$390
23 years$2,820$2,202$1,700$1,301$987$330
24 years$2,674$2,063$1,573$1,187$888$279
25 years$2,539$1,936$1,456$1,084$799$237
26 years$2,416$1,819$1,351$991$719$201
27 years$2,301$1,712$1,254$907$649$170
28 years$2,195$1,613$1,166$831$585$145
29 years$2,097$1,522$1,085$762$528$123
30 years$2,005$1,437$1,011$699$477$104
31 years$1,919$1,359$942$642$432$89
32 years$1,839$1,286$879$590$391$75
33 years$1,764$1,218$821$543$353$64
34 years$1,693$1,154$767$499$320$54
35 years$1,627$1,095$717$460$290$46
36 years$1,564$1,039$671$423$263$39
37 years$1,505$987$628$390$238$33
38 years$1,450$938$588$360$216$28
39 years$1,397$892$551$332$196$24
40 years$1,347$848$516$306$177$20
41 years$1,299$808$484$282$161$17
42 years$1,254$769$454$260$146$15
43 years$1,211$733$426$240$133$13
44 years$1,170$698$400$222$120$11
45 years$1,131$666$376$205$109$9
46 years$1,094$635$353$189$99$8
47 years$1,059$606$331$175$90$7
48 years$1,025$579$311$162$82$6
49 years$993$553$293$149$74$5
50 years$962$528$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 $985,000, adding $3,253 every year, while hoping to spend $30,698 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: 33/49/18 Blend
44$985,000$985,000$985,000$985,000
45$1,088,825$1,036,620$1,021,353$1,118,584
46$1,167,223$1,054,752$1,022,906$1,158,997
47$1,252,589$1,072,744$1,023,482$1,199,462
48$1,345,600$1,090,556$1,023,016$1,242,423
49$1,447,004$1,108,146$1,021,440$1,288,117
50$1,557,622$1,125,469$1,018,681$1,336,808
51$1,678,358$1,142,475$1,014,666$1,388,783
52$1,810,208$1,159,114$1,009,315$1,444,365
53$1,954,267$1,175,328$1,002,545$1,503,908
54$2,111,742$1,191,059$994,270$1,567,803
55$2,283,961$1,206,242$984,399$1,636,484
56$2,472,386$1,220,809$972,837$1,710,430
57$2,678,628$1,234,687$959,485$1,790,171
58$2,904,458$1,247,797$944,239$1,876,291
59$3,151,831$1,260,057$926,989$1,969,438
60$3,422,896$1,271,378$907,621$2,070,328
61$3,720,022$1,281,666$886,016$2,179,751
62$4,045,815$1,290,819$862,050$2,298,580
63$4,403,150$1,298,731$835,590$2,427,780
64$4,795,190$1,305,287$806,501$2,568,419
65$5,225,420$1,310,367$774,639$2,721,675
66$5,697,679$1,313,841$739,855$2,888,849
67$6,216,195$1,315,572$701,993$3,071,381
68$6,785,626$1,315,414$660,889$3,270,858
69$7,411,104$1,313,213$616,373$3,489,036
70$8,098,280$1,308,805$568,266$3,727,853
71$8,853,383$1,302,014$516,381$3,989,450
72$9,683,272$1,292,657$460,524$4,276,189
73$10,595,506$1,280,537$400,491$4,590,681
74$11,598,410$1,265,446$336,070$4,935,807
75$12,701,159$1,247,164$267,040$5,314,750
76$13,913,859$1,225,457$193,167$5,731,022
77$15,247,646$1,200,078$114,211$6,188,499
78$16,714,788$1,170,763$29,920$6,691,463
79$18,328,803$1,137,237$0$7,244,637
80$20,104,584$1,099,205$0$7,864,766
81$22,058,542$1,056,356$0$8,552,956
82$24,208,756$1,008,361$0$9,309,861
83$26,575,151$954,872$0$10,142,546
84$29,179,676$895,521$0$11,058,804
85$32,046,520$829,918$0$12,067,230
86$35,202,332$757,652$0$13,177,306
87$38,676,481$678,287$0$14,399,485
88$42,501,323$591,364$0$15,745,299
89$46,712,514$496,397$0$17,227,464
90$51,349,342$392,872$0$18,860,002
91$56,455,099$280,247$0$20,658,379
92$62,077,490$157,950$0$22,639,647
93$68,269,079$25,375$0$24,822,612
94$75,087,791$0$0$27,228,008
95$82,597,452$0$0$29,942,388
96$90,868,396$0$0$32,947,207
97$99,978,125$0$0$36,256,964
98$110,012,043$0$0$39,902,715
99$121,064,260$0$0$43,918,680
100$133,238,478$0$0$48,342,568