Can I retire at age 45 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$81,423$80,698$79,990$79,299$78,625$76,047
2 years$40,308$39,558$38,830$38,125$37,440$34,868
3 years$26,605$25,851$25,126$24,427$23,754$21,267
4 years$19,755$19,004$18,285$17,598$16,941$14,560
5 years$15,646$14,899$14,190$13,517$12,879$10,609
6 years$12,908$12,166$11,468$10,810$10,190$8,034
7 years$10,952$10,217$9,530$8,887$8,288$6,244
8 years$9,487$8,758$8,082$7,455$6,875$4,943
9 years$8,347$7,625$6,961$6,350$5,790$3,967
10 years$7,436$6,721$6,069$5,474$4,933$3,217
11 years$6,691$5,984$5,343$4,764$4,243$2,630
12 years$6,071$5,371$4,742$4,179$3,677$2,164
13 years$5,546$4,853$4,236$3,689$3,206$1,789
14 years$5,097$4,412$3,806$3,275$2,811$1,485
15 years$4,708$4,030$3,437$2,921$2,475$1,237
16 years$4,368$3,698$3,116$2,615$2,187$1,033
17 years$4,069$3,405$2,835$2,350$1,939$865
18 years$3,803$3,147$2,588$2,117$1,724$725
19 years$3,565$2,916$2,369$1,913$1,537$609
20 years$3,351$2,710$2,174$1,733$1,373$512
21 years$3,158$2,524$2,000$1,573$1,228$431
22 years$2,983$2,356$1,843$1,430$1,101$364
23 years$2,823$2,204$1,702$1,302$988$307
24 years$2,676$2,065$1,574$1,188$888$259
25 years$2,542$1,938$1,458$1,085$799$218
26 years$2,418$1,821$1,352$992$720$185
27 years$2,304$1,714$1,256$908$649$156
28 years$2,198$1,615$1,167$832$586$132
29 years$2,099$1,524$1,086$763$529$111
30 years$2,007$1,439$1,012$700$478$94
31 years$1,921$1,360$943$643$432$80
32 years$1,841$1,287$880$591$391$67
33 years$1,766$1,219$822$543$354$57
34 years$1,695$1,155$768$500$320$48
35 years$1,629$1,096$718$460$290$41
36 years$1,566$1,040$672$424$263$35
37 years$1,507$988$629$391$238$29
38 years$1,451$939$589$360$216$25
39 years$1,398$893$551$332$196$21
40 years$1,348$849$517$306$178$18
41 years$1,300$808$485$282$161$15
42 years$1,255$770$455$261$146$13
43 years$1,212$734$427$241$133$11
44 years$1,172$699$400$222$120$9
45 years$1,133$667$376$205$109$8
46 years$1,095$636$353$190$99$7
47 years$1,060$607$332$175$90$6
48 years$1,026$579$312$162$82$5
49 years$994$553$293$150$74$4
50 years$963$529$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $986,000, adding $2,325 every year, while hoping to spend $20,248 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: 67/16/17 Blend
44$986,000$986,000$986,000$986,000
45$1,088,970$1,036,712$1,021,429$1,157,296
46$1,178,501$1,065,967$1,034,103$1,232,497
47$1,276,486$1,095,977$1,046,524$1,312,118
48$1,383,766$1,126,758$1,058,660$1,398,683
49$1,501,265$1,158,325$1,070,480$1,492,871
50$1,630,005$1,190,693$1,081,952$1,595,434
51$1,771,108$1,223,880$1,093,040$1,707,197
52$1,925,811$1,257,900$1,103,707$1,829,070
53$2,095,477$1,292,770$1,113,914$1,962,053
54$2,281,605$1,328,505$1,123,620$2,107,251
55$2,485,848$1,365,122$1,132,781$2,265,879
56$2,710,027$1,402,635$1,141,351$2,439,275
57$2,956,147$1,441,062$1,149,284$2,628,914
58$3,226,417$1,480,416$1,156,528$2,836,421
59$3,523,270$1,520,715$1,163,029$3,063,586
60$3,849,386$1,561,972$1,168,733$3,312,381
61$4,207,718$1,604,204$1,173,581$3,584,977
62$4,601,520$1,647,424$1,177,510$3,883,769
63$5,034,374$1,691,648$1,180,456$4,211,395
64$5,510,230$1,736,888$1,182,351$4,570,758
65$6,033,437$1,783,160$1,183,124$4,965,062
66$6,608,789$1,830,475$1,182,699$5,397,834
67$7,241,564$1,878,847$1,180,998$5,872,960
68$7,937,580$1,928,287$1,177,939$6,394,724
69$8,703,248$1,978,808$1,173,434$6,967,845
70$9,545,629$2,030,419$1,167,394$7,597,523
71$10,472,504$2,083,130$1,159,722$8,289,488
72$11,492,446$2,136,951$1,150,320$9,050,055
73$12,614,903$2,191,889$1,139,084$9,886,181
74$13,850,283$2,247,951$1,125,903$10,805,533
75$15,210,055$2,305,143$1,110,663$11,816,561
76$16,706,854$2,363,470$1,093,244$12,928,574
77$18,354,607$2,422,933$1,073,521$14,151,831
78$20,168,655$2,483,536$1,051,363$15,497,640
79$22,165,906$2,545,277$1,026,631$16,978,457
80$24,364,988$2,608,154$999,183$18,608,012
81$26,786,428$2,672,165$968,867$20,401,435
82$29,452,845$2,737,303$935,526$22,375,397
83$32,389,165$2,803,561$898,995$24,548,272
84$35,622,851$2,870,926$859,103$26,940,304
85$39,184,168$2,939,388$815,669$29,573,807
86$43,106,465$3,008,929$768,505$32,473,367
87$47,426,489$3,079,532$717,415$35,666,080
88$52,184,736$3,151,174$662,193$39,181,804
89$57,425,827$3,223,829$602,625$43,053,444
90$63,198,934$3,297,470$538,486$47,317,262
91$69,558,242$3,372,063$469,542$52,013,217
92$76,563,460$3,447,570$395,548$57,185,347
93$84,280,383$3,523,952$316,249$62,882,179
94$92,781,517$3,601,160$231,379$69,157,192
95$102,146,760$3,679,145$140,658$76,069,322
96$112,464,155$3,757,849$43,796$83,683,513
97$123,830,726$3,837,211$0$92,071,338
98$136,353,386$3,917,160$0$101,322,476
99$150,149,953$3,997,623$0$111,522,218
100$165,350,259$4,078,516$0$122,758,460