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%14%
1 years$81,423$80,698$79,990$79,299$78,625$77,322
2 years$40,308$39,558$38,830$38,125$37,440$36,132
3 years$26,605$25,851$25,126$24,427$23,754$22,480
4 years$19,755$19,004$18,285$17,598$16,941$15,712
5 years$15,646$14,899$14,190$13,517$12,879$11,698
6 years$12,908$12,166$11,468$10,810$10,190$9,059
7 years$10,952$10,217$9,530$8,887$8,288$7,206
8 years$9,487$8,758$8,082$7,455$6,875$5,843
9 years$8,347$7,625$6,961$6,350$5,790$4,807
10 years$7,436$6,721$6,069$5,474$4,933$3,999
11 years$6,691$5,984$5,343$4,764$4,243$3,355
12 years$6,071$5,371$4,742$4,179$3,677$2,835
13 years$5,546$4,853$4,236$3,689$3,206$2,410
14 years$5,097$4,412$3,806$3,275$2,811$2,057
15 years$4,708$4,030$3,437$2,921$2,475$1,764
16 years$4,368$3,698$3,116$2,615$2,187$1,517
17 years$4,069$3,405$2,835$2,350$1,939$1,308
18 years$3,803$3,147$2,588$2,117$1,724$1,131
19 years$3,565$2,916$2,369$1,913$1,537$979
20 years$3,351$2,710$2,174$1,733$1,373$849
21 years$3,158$2,524$2,000$1,573$1,228$738
22 years$2,983$2,356$1,843$1,430$1,101$642
23 years$2,823$2,204$1,702$1,302$988$559
24 years$2,676$2,065$1,574$1,188$888$487
25 years$2,542$1,938$1,458$1,085$799$425
26 years$2,418$1,821$1,352$992$720$371
27 years$2,304$1,714$1,256$908$649$324
28 years$2,198$1,615$1,167$832$586$283
29 years$2,099$1,524$1,086$763$529$248
30 years$2,007$1,439$1,012$700$478$217
31 years$1,921$1,360$943$643$432$190
32 years$1,841$1,287$880$591$391$166
33 years$1,766$1,219$822$543$354$145
34 years$1,695$1,155$768$500$320$127
35 years$1,629$1,096$718$460$290$111
36 years$1,566$1,040$672$424$263$98
37 years$1,507$988$629$391$238$86
38 years$1,451$939$589$360$216$75
39 years$1,398$893$551$332$196$66
40 years$1,348$849$517$306$178$58
41 years$1,300$808$485$282$161$51
42 years$1,255$770$455$261$146$44
43 years$1,212$734$427$241$133$39
44 years$1,172$699$400$222$120$34
45 years$1,133$667$376$205$109$30
46 years$1,095$636$353$190$99$26
47 years$1,060$607$332$175$90$23
48 years$1,026$579$312$162$82$20
49 years$994$553$293$150$74$18
50 years$963$529$276$138$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $986,000, adding $5,054 every year, while hoping to spend $23,230 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: 71/18/11 Blend
44$986,000$986,000$986,000$986,000
45$1,091,785$1,039,527$1,024,244$1,166,517
46$1,178,431$1,065,747$1,033,840$1,242,893
47$1,273,136$1,092,474$1,042,978$1,323,144
48$1,376,697$1,119,707$1,051,620$1,410,365
49$1,489,994$1,147,446$1,059,723$1,505,240
50$1,613,992$1,175,690$1,067,242$1,608,519
51$1,749,757$1,204,436$1,074,132$1,721,030
52$1,898,460$1,233,682$1,080,344$1,843,684
53$2,061,394$1,263,423$1,085,826$1,977,485
54$2,239,979$1,293,654$1,090,525$2,123,538
55$2,435,782$1,324,368$1,094,382$2,283,062
56$2,650,528$1,355,558$1,097,340$2,457,396
57$2,886,116$1,387,215$1,099,336$2,648,020
58$3,144,640$1,419,328$1,100,303$2,856,560
59$3,428,403$1,451,885$1,100,173$3,084,810
60$3,739,944$1,484,872$1,098,873$3,334,746
61$4,082,061$1,518,273$1,096,328$3,608,545
62$4,457,834$1,552,071$1,092,458$3,908,604
63$4,870,657$1,586,247$1,087,179$4,237,567
64$5,324,269$1,620,778$1,080,405$4,598,344
65$5,822,789$1,655,640$1,072,042$4,994,144
66$6,370,754$1,690,807$1,061,997$5,428,500
67$6,973,164$1,726,250$1,050,167$5,905,308
68$7,635,527$1,761,936$1,036,447$6,428,859
69$8,363,910$1,797,830$1,020,727$7,003,882
70$9,165,000$1,833,895$1,002,892$7,635,587
71$10,046,161$1,870,087$982,821$8,329,717
72$11,015,511$1,906,362$960,386$9,092,598
73$12,081,990$1,942,671$935,457$9,931,203
74$13,255,452$1,978,961$907,893$10,853,214
75$14,546,751$2,015,173$877,550$11,867,098
76$15,967,849$2,051,246$844,278$12,982,184
77$17,531,924$2,087,112$807,916$14,208,755
78$19,253,500$2,122,699$768,300$15,558,138
79$21,148,575$2,157,930$725,257$17,042,820
80$23,234,781$2,192,720$678,604$18,676,559
81$25,531,546$2,226,980$628,155$20,474,517
82$28,060,275$2,260,614$573,709$22,453,403
83$30,844,557$2,293,518$515,062$24,631,628
84$33,910,383$2,325,581$451,998$27,029,484
85$37,286,393$2,356,686$384,291$29,669,333
86$41,004,146$2,386,704$311,706$32,575,815
87$45,098,418$2,415,502$233,997$35,776,087
88$49,607,529$2,442,934$150,908$39,300,076
89$54,573,705$2,468,846$62,172$43,180,759
90$60,043,477$2,493,074$0$47,454,482
91$66,068,118$2,515,440$0$52,165,112
92$72,704,129$2,535,760$0$57,361,006
93$80,013,770$2,553,832$0$63,083,535
94$88,065,650$2,569,446$0$69,386,339
95$96,935,372$2,582,374$0$76,328,529
96$106,706,247$2,592,377$0$83,975,243
97$117,470,081$2,599,200$0$92,398,264
98$129,328,039$2,602,570$0$101,676,695
99$142,391,602$2,602,200$0$111,897,707
100$156,783,621$2,597,783$0$123,157,360