Can I retire at age 45 with 987,000?

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 $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%15.1%
1 years$81,506$80,780$80,071$79,380$78,705$77,053
2 years$40,349$39,598$38,870$38,163$37,478$35,822
3 years$26,632$25,878$25,151$24,452$23,778$22,168
4 years$19,775$19,023$18,304$17,616$16,959$15,409
5 years$15,662$14,914$14,204$13,531$12,892$11,406
6 years$12,921$12,178$11,479$10,821$10,201$8,780
7 years$10,963$10,227$9,539$8,896$8,296$6,941
8 years$9,496$8,767$8,090$7,463$6,882$5,593
9 years$8,356$7,633$6,968$6,357$5,796$4,571
10 years$7,444$6,728$6,075$5,480$4,938$3,777
11 years$6,698$5,990$5,348$4,769$4,247$3,147
12 years$6,077$5,376$4,746$4,183$3,680$2,640
13 years$5,552$4,858$4,241$3,693$3,209$2,228
14 years$5,102$4,416$3,810$3,278$2,813$1,888
15 years$4,713$4,034$3,440$2,924$2,477$1,606
16 years$4,373$3,701$3,119$2,618$2,189$1,371
17 years$4,073$3,409$2,838$2,352$1,941$1,173
18 years$3,806$3,150$2,591$2,120$1,726$1,006
19 years$3,568$2,919$2,372$1,915$1,538$864
20 years$3,355$2,713$2,177$1,735$1,374$743
21 years$3,161$2,527$2,002$1,574$1,230$640
22 years$2,986$2,359$1,845$1,431$1,102$552
23 years$2,826$2,206$1,704$1,304$989$477
24 years$2,679$2,067$1,576$1,189$889$412
25 years$2,545$1,940$1,459$1,086$800$356
26 years$2,421$1,823$1,354$993$721$308
27 years$2,306$1,716$1,257$909$650$267
28 years$2,200$1,617$1,168$833$586$231
29 years$2,101$1,525$1,087$764$530$200
30 years$2,009$1,440$1,013$701$478$174
31 years$1,923$1,362$944$644$433$151
32 years$1,843$1,288$881$591$391$131
33 years$1,768$1,220$823$544$354$113
34 years$1,697$1,156$769$500$321$98
35 years$1,630$1,097$719$461$290$85
36 years$1,568$1,041$672$424$263$74
37 years$1,508$989$629$391$238$64
38 years$1,452$940$589$360$216$56
39 years$1,400$893$552$332$196$48
40 years$1,349$850$517$306$178$42
41 years$1,302$809$485$283$161$37
42 years$1,257$771$455$261$146$32
43 years$1,214$734$427$241$133$28
44 years$1,173$700$401$222$121$24
45 years$1,134$667$376$205$109$21
46 years$1,097$637$354$190$99$18
47 years$1,061$608$332$175$90$16
48 years$1,027$580$312$162$82$14
49 years$995$554$293$150$74$12
50 years$964$529$276$138$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $987,000, adding $4,526 every year, while hoping to spend $40,696 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: 72/5/23 Blend
44$987,000$987,000$987,000$987,000
45$1,092,343$1,040,032$1,024,733$1,164,452
46$1,160,461$1,047,693$1,015,761$1,220,779
47$1,234,164$1,054,366$1,005,125$1,277,194
48$1,313,978$1,059,958$992,726$1,337,985
49$1,400,481$1,064,374$978,460$1,403,582
50$1,494,311$1,067,509$962,219$1,474,459
51$1,596,167$1,069,254$943,890$1,551,139
52$1,706,820$1,069,491$923,354$1,634,200
53$1,827,117$1,068,097$900,487$1,724,277
54$1,957,989$1,064,940$875,160$1,822,072
55$2,100,462$1,059,880$847,236$1,928,359
56$2,255,664$1,052,769$816,573$2,043,991
57$2,424,837$1,043,450$783,024$2,169,912
58$2,609,347$1,031,756$746,432$2,307,158
59$2,810,698$1,017,510$706,635$2,456,877
60$3,030,546$1,000,524$663,464$2,620,330
61$3,270,713$980,601$616,741$2,798,913
62$3,533,204$957,529$566,280$2,994,161
63$3,820,230$931,087$511,889$3,207,770
64$4,134,221$901,038$453,365$3,441,609
65$4,477,856$867,133$390,497$3,697,739
66$4,854,082$829,108$323,064$3,978,434
67$5,266,148$786,683$250,836$4,286,201
68$5,717,628$739,564$173,572$4,623,805
69$6,212,460$687,437$91,021$4,994,294
70$6,754,982$629,972$2,922$5,401,029
71$7,349,971$566,821$0$5,847,719
72$8,002,686$497,613$0$6,360,805
73$8,718,923$421,959$0$6,924,657
74$9,505,065$339,448$0$7,543,601
75$10,368,144$249,642$0$8,223,190
76$11,315,903$152,084$0$8,969,547
77$12,356,876$46,286$0$9,789,414
78$13,500,460$0$0$10,690,222
79$14,757,010$0$0$11,683,913
80$16,137,933$0$0$12,778,808
81$17,655,795$0$0$13,982,331
82$19,324,440$0$0$15,305,467
83$21,159,121$0$0$16,760,316
84$23,176,643$0$0$18,360,211
85$25,395,519$0$0$20,119,841
86$27,836,149$0$0$22,055,390
87$30,521,008$0$0$24,184,689
88$33,474,857$0$0$26,527,387
89$36,724,981$0$0$29,105,129
90$40,301,442$0$0$31,941,767
91$44,237,363$0$0$35,063,582
92$48,569,242$0$0$38,499,530
93$53,337,291$0$0$42,281,517
94$58,585,822$0$0$46,444,701
95$64,363,659$0$0$51,027,820
96$70,724,601$0$0$56,073,558
97$77,727,928$0$0$61,628,950
98$85,438,962$0$0$67,745,822
99$93,929,679$0$0$74,481,283
100$103,279,390$0$0$81,898,260