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%16.6%
1 years$81,423$80,698$79,990$79,299$78,625$76,507
2 years$40,308$39,558$38,830$38,125$37,440$35,322
3 years$26,605$25,851$25,126$24,427$23,754$21,701
4 years$19,755$19,004$18,285$17,598$16,941$14,970
5 years$15,646$14,899$14,190$13,517$12,879$10,994
6 years$12,908$12,166$11,468$10,810$10,190$8,394
7 years$10,952$10,217$9,530$8,887$8,288$6,580
8 years$9,487$8,758$8,082$7,455$6,875$5,255
9 years$8,347$7,625$6,961$6,350$5,790$4,257
10 years$7,436$6,721$6,069$5,474$4,933$3,484
11 years$6,691$5,984$5,343$4,764$4,243$2,876
12 years$6,071$5,371$4,742$4,179$3,677$2,389
13 years$5,546$4,853$4,236$3,689$3,206$1,996
14 years$5,097$4,412$3,806$3,275$2,811$1,674
15 years$4,708$4,030$3,437$2,921$2,475$1,409
16 years$4,368$3,698$3,116$2,615$2,187$1,190
17 years$4,069$3,405$2,835$2,350$1,939$1,007
18 years$3,803$3,147$2,588$2,117$1,724$854
19 years$3,565$2,916$2,369$1,913$1,537$726
20 years$3,351$2,710$2,174$1,733$1,373$617
21 years$3,158$2,524$2,000$1,573$1,228$526
22 years$2,983$2,356$1,843$1,430$1,101$448
23 years$2,823$2,204$1,702$1,302$988$382
24 years$2,676$2,065$1,574$1,188$888$327
25 years$2,542$1,938$1,458$1,085$799$279
26 years$2,418$1,821$1,352$992$720$239
27 years$2,304$1,714$1,256$908$649$204
28 years$2,198$1,615$1,167$832$586$175
29 years$2,099$1,524$1,086$763$529$149
30 years$2,007$1,439$1,012$700$478$128
31 years$1,921$1,360$943$643$432$110
32 years$1,841$1,287$880$591$391$94
33 years$1,766$1,219$822$543$354$80
34 years$1,695$1,155$768$500$320$69
35 years$1,629$1,096$718$460$290$59
36 years$1,566$1,040$672$424$263$51
37 years$1,507$988$629$391$238$43
38 years$1,451$939$589$360$216$37
39 years$1,398$893$551$332$196$32
40 years$1,348$849$517$306$178$27
41 years$1,300$808$485$282$161$23
42 years$1,255$770$455$261$146$20
43 years$1,212$734$427$241$133$17
44 years$1,172$699$400$222$120$15
45 years$1,133$667$376$205$109$13
46 years$1,095$636$353$190$99$11
47 years$1,060$607$332$175$90$9
48 years$1,026$579$312$162$82$8
49 years$994$553$293$150$74$7
50 years$963$529$276$138$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $986,000, adding $2,646 every year, while hoping to spend $22,042 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: 28/43/29 Blend
44$986,000$986,000$986,000$986,000
45$1,089,301$1,037,043$1,021,760$1,109,969
46$1,176,958$1,064,406$1,032,537$1,154,142
47$1,272,816$1,092,371$1,042,936$1,199,495
48$1,377,690$1,120,943$1,052,921$1,247,781
49$1,492,475$1,150,130$1,062,454$1,299,268
50$1,618,157$1,179,937$1,071,496$1,354,252
51$1,755,823$1,210,367$1,080,005$1,413,056
52$1,906,668$1,241,426$1,087,936$1,476,039
53$2,072,009$1,273,117$1,095,243$1,543,594
54$2,253,297$1,305,443$1,101,877$1,616,156
55$2,452,130$1,338,406$1,107,786$1,694,204
56$2,670,267$1,372,007$1,112,916$1,778,264
57$2,909,646$1,406,248$1,117,211$1,868,919
58$3,172,403$1,441,128$1,120,611$1,966,810
59$3,460,890$1,476,644$1,123,053$2,072,641
60$3,777,696$1,512,796$1,124,471$2,187,192
61$4,125,677$1,549,578$1,124,797$2,311,322
62$4,507,975$1,586,986$1,123,956$2,445,975
63$4,928,054$1,625,014$1,121,874$2,592,196
64$5,389,729$1,663,654$1,118,471$2,751,134
65$5,897,205$1,702,896$1,113,663$2,924,057
66$6,455,111$1,742,729$1,107,362$3,112,363
67$7,068,550$1,783,140$1,099,476$3,317,592
68$7,743,142$1,824,115$1,089,909$3,541,443
69$8,485,082$1,865,635$1,078,560$3,785,790
70$9,301,192$1,907,683$1,065,323$4,052,697
71$10,198,989$1,950,236$1,050,088$4,344,442
72$11,186,758$1,993,269$1,032,738$4,663,534
73$12,273,625$2,036,757$1,013,152$5,012,742
74$13,469,646$2,080,669$991,203$5,395,117
75$14,785,900$2,124,972$966,759$5,814,022
76$16,234,596$2,169,630$939,680$6,273,167
77$17,829,186$2,214,603$909,820$6,776,642
78$19,584,492$2,259,848$877,028$7,328,954
79$21,516,846$2,305,316$841,144$7,935,074
80$23,644,245$2,350,957$802,003$8,600,482
81$25,986,517$2,396,713$759,429$9,331,218
82$28,565,514$2,442,524$713,243$10,133,945
83$31,405,312$2,488,324$663,252$11,016,003
84$34,532,443$2,534,040$609,260$11,985,487
85$37,976,140$2,579,596$551,058$13,051,322
86$41,768,618$2,624,908$488,430$14,223,344
87$45,945,374$2,669,886$421,149$15,512,398
88$50,545,525$2,714,433$348,980$16,930,441
89$55,612,173$2,758,445$271,676$18,490,651
90$61,192,816$2,801,810$188,979$20,207,555
91$67,339,793$2,844,408$100,619$22,097,170
92$74,110,779$2,886,111$6,317$24,177,150
93$81,569,329$2,926,781$0$26,466,955
94$89,785,478$2,966,270$0$29,017,223
95$98,836,399$3,004,421$0$31,826,397
96$108,807,139$3,041,064$0$34,918,685
97$119,791,410$3,076,020$0$38,322,922
98$131,892,485$3,109,095$0$42,070,885
99$145,224,163$3,140,085$0$46,197,596
100$159,911,850$3,168,772$0$50,741,649