Can I retire at age 45 with 985,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$81,340$80,616$79,909$79,219$78,545$77,276
2 years$40,268$39,518$38,791$38,086$37,403$36,127
3 years$26,578$25,825$25,100$24,402$23,730$22,488
4 years$19,735$18,984$18,267$17,580$16,924$15,726
5 years$15,630$14,884$14,176$13,503$12,866$11,714
6 years$12,895$12,154$11,456$10,799$10,180$9,076
7 years$10,941$10,207$9,520$8,878$8,279$7,224
8 years$9,477$8,749$8,074$7,448$6,868$5,861
9 years$8,339$7,618$6,954$6,344$5,784$4,825
10 years$7,429$6,715$6,063$5,468$4,928$4,016
11 years$6,684$5,978$5,337$4,759$4,239$3,372
12 years$6,065$5,365$4,737$4,174$3,673$2,851
13 years$5,541$4,849$4,232$3,685$3,203$2,425
14 years$5,092$4,407$3,802$3,271$2,808$2,072
15 years$4,704$4,026$3,433$2,918$2,472$1,777
16 years$4,364$3,694$3,113$2,612$2,185$1,529
17 years$4,065$3,402$2,832$2,347$1,937$1,320
18 years$3,799$3,143$2,586$2,115$1,723$1,142
19 years$3,561$2,913$2,367$1,911$1,535$989
20 years$3,348$2,707$2,172$1,731$1,371$859
21 years$3,155$2,522$1,998$1,571$1,227$747
22 years$2,980$2,354$1,842$1,428$1,100$650
23 years$2,820$2,202$1,700$1,301$987$567
24 years$2,674$2,063$1,573$1,187$888$494
25 years$2,539$1,936$1,456$1,084$799$432
26 years$2,416$1,819$1,351$991$719$377
27 years$2,301$1,712$1,254$907$649$330
28 years$2,195$1,613$1,166$831$585$288
29 years$2,097$1,522$1,085$762$528$252
30 years$2,005$1,437$1,011$699$477$221
31 years$1,919$1,359$942$642$432$193
32 years$1,839$1,286$879$590$391$169
33 years$1,764$1,218$821$543$353$149
34 years$1,693$1,154$767$499$320$130
35 years$1,627$1,095$717$460$290$114
36 years$1,564$1,039$671$423$263$100
37 years$1,505$987$628$390$238$88
38 years$1,450$938$588$360$216$77
39 years$1,397$892$551$332$196$68
40 years$1,347$848$516$306$177$59
41 years$1,299$808$484$282$161$52
42 years$1,254$769$454$260$146$46
43 years$1,211$733$426$240$133$40
44 years$1,170$698$400$222$120$35
45 years$1,131$666$376$205$109$31
46 years$1,094$635$353$189$99$27
47 years$1,059$606$331$175$90$24
48 years$1,025$579$311$162$82$21
49 years$993$553$293$149$74$18
50 years$962$528$275$138$67$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $985,000, adding $2,330 every year, while hoping to spend $55,982 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: 67/23/10 Blend
44$985,000$985,000$985,000$985,000
45$1,087,873$1,035,668$1,020,401$1,158,355
46$1,139,272$1,026,852$995,020$1,196,695
47$1,194,037$1,015,727$966,912$1,231,697
48$1,252,453$1,002,121$935,928$1,268,504
49$1,314,831$985,853$901,909$1,307,284
50$1,381,512$966,728$864,691$1,348,228
51$1,452,870$944,542$824,103$1,391,543
52$1,529,316$919,078$779,963$1,437,462
53$1,611,300$890,106$732,085$1,486,243
54$1,699,314$857,383$680,272$1,538,172
55$1,793,902$820,652$624,319$1,593,564
56$1,895,656$779,641$564,010$1,652,772
57$2,005,232$734,062$499,123$1,716,185
58$2,123,345$683,610$429,423$1,784,235
59$2,250,783$627,964$354,666$1,857,402
60$2,388,412$566,783$274,596$1,936,216
61$2,537,183$499,708$188,948$2,021,264
62$2,698,140$426,359$97,443$2,113,200
63$2,872,434$346,334$0$2,212,743
64$3,061,326$259,208$0$2,320,716
65$3,266,207$164,535$0$2,449,079
66$3,488,603$61,840$0$2,588,437
67$3,730,194$0$0$2,739,909
68$3,992,829$0$0$2,917,230
69$4,278,541$0$0$3,127,211
70$4,589,566$0$0$3,355,852
71$4,928,367$0$0$3,604,968
72$5,297,651$0$0$3,876,559
73$5,700,399$0$0$4,172,825
74$6,139,893$0$0$4,496,187
75$6,619,744$0$0$4,849,310
76$7,143,928$0$0$5,235,129
77$7,716,821$0$0$5,656,874
78$8,343,241$0$0$6,118,101
79$9,028,495$0$0$6,622,727
80$9,778,423$0$0$7,175,063
81$10,599,458$0$0$7,779,857
82$11,498,684$0$0$8,442,337
83$12,483,900$0$0$9,168,262
84$13,563,696$0$0$9,963,972
85$14,747,535$0$0$10,836,453
86$16,045,837$0$0$11,793,395
87$17,470,077$0$0$12,843,271
88$19,032,899$0$0$13,995,414
89$20,748,226$0$0$15,260,102
90$22,631,396$0$0$16,648,659
91$24,699,305$0$0$18,173,558
92$26,970,566$0$0$19,848,538
93$29,465,681$0$0$21,688,737
94$32,207,237$0$0$23,710,828
95$35,220,119$0$0$25,933,184
96$38,531,737$0$0$28,376,040
97$42,172,295$0$0$31,061,695
98$46,175,065$0$0$34,014,712
99$50,576,705$0$0$37,262,156
100$55,417,603$0$0$40,833,845