Can I retire at age 45 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$81,506$80,780$80,071$79,380$78,705$78,209
2 years$40,349$39,598$38,870$38,163$37,478$36,978
3 years$26,632$25,878$25,151$24,452$23,778$23,289
4 years$19,775$19,023$18,304$17,616$16,959$16,484
5 years$15,662$14,914$14,204$13,531$12,892$12,434
6 years$12,921$12,178$11,479$10,821$10,201$9,760
7 years$10,963$10,227$9,539$8,896$8,296$7,872
8 years$9,496$8,767$8,090$7,463$6,882$6,476
9 years$8,356$7,633$6,968$6,357$5,796$5,406
10 years$7,444$6,728$6,075$5,480$4,938$4,566
11 years$6,698$5,990$5,348$4,769$4,247$3,891
12 years$6,077$5,376$4,746$4,183$3,680$3,341
13 years$5,552$4,858$4,241$3,693$3,209$2,886
14 years$5,102$4,416$3,810$3,278$2,813$2,505
15 years$4,713$4,034$3,440$2,924$2,477$2,184
16 years$4,373$3,701$3,119$2,618$2,189$1,911
17 years$4,073$3,409$2,838$2,352$1,941$1,677
18 years$3,806$3,150$2,591$2,120$1,726$1,476
19 years$3,568$2,919$2,372$1,915$1,538$1,301
20 years$3,355$2,713$2,177$1,735$1,374$1,150
21 years$3,161$2,527$2,002$1,574$1,230$1,018
22 years$2,986$2,359$1,845$1,431$1,102$902
23 years$2,826$2,206$1,704$1,304$989$801
24 years$2,679$2,067$1,576$1,189$889$712
25 years$2,545$1,940$1,459$1,086$800$633
26 years$2,421$1,823$1,354$993$721$564
27 years$2,306$1,716$1,257$909$650$503
28 years$2,200$1,617$1,168$833$586$448
29 years$2,101$1,525$1,087$764$530$400
30 years$2,009$1,440$1,013$701$478$357
31 years$1,923$1,362$944$644$433$319
32 years$1,843$1,288$881$591$391$285
33 years$1,768$1,220$823$544$354$255
34 years$1,697$1,156$769$500$321$228
35 years$1,630$1,097$719$461$290$204
36 years$1,568$1,041$672$424$263$182
37 years$1,508$989$629$391$238$163
38 years$1,452$940$589$360$216$146
39 years$1,400$893$552$332$196$131
40 years$1,349$850$517$306$178$117
41 years$1,302$809$485$283$161$105
42 years$1,257$771$455$261$146$94
43 years$1,214$734$427$241$133$84
44 years$1,173$700$401$222$121$75
45 years$1,134$667$376$205$109$68
46 years$1,097$637$354$190$99$61
47 years$1,061$608$332$175$90$54
48 years$1,027$580$312$162$82$49
49 years$995$554$293$150$74$44
50 years$964$529$276$138$68$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $987,000, adding $6,294 every year, while hoping to spend $31,763 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: 69/5/26 Blend
44$987,000$987,000$987,000$987,000
45$1,094,166$1,041,855$1,026,557$1,161,944
46$1,171,976$1,059,111$1,027,151$1,225,459
47$1,256,657$1,076,147$1,026,700$1,290,708
48$1,348,878$1,092,920$1,025,136$1,361,380
49$1,449,372$1,109,382$1,022,388$1,438,011
50$1,558,949$1,125,482$1,018,378$1,521,193
51$1,678,497$1,141,167$1,013,030$1,611,579
52$1,808,997$1,156,376$1,006,258$1,709,888
53$1,951,524$1,171,049$997,978$1,816,912
54$2,107,267$1,185,118$988,098$1,933,527
55$2,277,532$1,198,511$976,522$2,060,696
56$2,463,756$1,211,154$963,152$2,199,482
57$2,667,523$1,222,965$947,881$2,351,057
58$2,890,577$1,233,857$930,602$2,516,713
59$3,134,838$1,243,738$911,199$2,697,875
60$3,402,420$1,252,510$889,554$2,896,113
61$3,695,653$1,260,069$865,539$3,113,158
62$4,017,100$1,266,303$839,025$3,350,921
63$4,369,586$1,271,093$809,874$3,611,505
64$4,756,222$1,274,315$777,943$3,897,231
65$5,180,435$1,275,835$743,082$4,210,658
66$5,645,998$1,275,509$705,134$4,554,605
67$6,157,069$1,273,188$663,936$4,932,182
68$6,718,227$1,268,712$619,315$5,346,818
69$7,334,517$1,261,910$571,093$5,802,290
70$8,011,497$1,252,603$519,084$6,302,765
71$8,755,288$1,240,598$463,091$6,852,836
72$9,572,633$1,225,693$402,911$7,457,565
73$10,470,964$1,207,674$338,330$8,122,533
74$11,458,464$1,186,313$269,126$8,853,893
75$12,544,153$1,161,368$195,068$9,658,427
76$13,737,965$1,132,583$115,911$10,543,612
77$15,050,847$1,099,689$31,404$11,517,688
78$16,494,859$1,062,399$0$12,589,739
79$18,083,287$1,020,410$0$13,786,088
80$19,830,773$973,400$0$15,111,821
81$21,753,447$921,032$0$16,570,465
82$23,869,081$862,945$0$18,175,514
83$26,197,259$798,761$0$19,941,839
84$28,759,557$728,078$0$21,885,824
85$31,579,750$650,472$0$24,025,525
86$34,684,034$565,495$0$26,380,835
87$38,101,275$472,673$0$28,973,679
88$41,863,277$371,506$0$31,828,214
89$46,005,088$261,466$0$34,971,059
90$50,565,323$141,994$0$38,431,548
91$55,586,535$12,501$0$42,242,006
92$61,115,613$0$0$46,438,052
93$67,204,223$0$0$51,065,959
94$73,909,299$0$0$56,163,268
95$81,293,574$0$0$61,776,993
96$89,426,180$0$0$67,959,698
97$98,383,292$0$0$74,769,304
98$108,248,853$0$0$82,269,639
99$119,115,360$0$0$90,531,034
100$131,084,743$0$0$99,630,993