Can I retire at age 45 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$81,588$80,861$80,152$79,460$78,785$75,778
2 years$40,390$39,638$38,909$38,202$37,516$34,523
3 years$26,659$25,904$25,177$24,476$23,802$20,916
4 years$19,795$19,042$18,322$17,634$16,976$14,219
5 years$15,678$14,929$14,219$13,545$12,905$10,284
6 years$12,934$12,191$11,491$10,832$10,211$7,728
7 years$10,975$10,238$9,549$8,905$8,304$5,958
8 years$9,506$8,776$8,098$7,470$6,889$4,678
9 years$8,364$7,641$6,975$6,363$5,802$3,723
10 years$7,451$6,735$6,081$5,485$4,943$2,992
11 years$6,705$5,996$5,354$4,774$4,251$2,424
12 years$6,083$5,382$4,751$4,187$3,684$1,975
13 years$5,558$4,863$4,245$3,697$3,213$1,618
14 years$5,108$4,421$3,814$3,281$2,816$1,330
15 years$4,718$4,038$3,444$2,926$2,480$1,097
16 years$4,377$3,705$3,122$2,620$2,192$907
17 years$4,077$3,412$2,841$2,354$1,943$751
18 years$3,810$3,153$2,593$2,122$1,728$624
19 years$3,572$2,922$2,374$1,917$1,540$518
20 years$3,358$2,715$2,179$1,736$1,376$431
21 years$3,164$2,529$2,004$1,576$1,231$359
22 years$2,989$2,361$1,847$1,433$1,103$299
23 years$2,829$2,208$1,706$1,305$990$250
24 years$2,682$2,069$1,577$1,190$890$208
25 years$2,547$1,942$1,461$1,087$801$174
26 years$2,423$1,825$1,355$994$722$145
27 years$2,308$1,717$1,258$910$651$121
28 years$2,202$1,618$1,170$833$587$101
29 years$2,103$1,527$1,088$764$530$85
30 years$2,011$1,442$1,014$701$479$71
31 years$1,925$1,363$945$644$433$59
32 years$1,845$1,290$882$592$392$50
33 years$1,769$1,221$823$544$354$41
34 years$1,699$1,158$769$501$321$35
35 years$1,632$1,098$719$461$291$29
36 years$1,569$1,042$673$425$263$24
37 years$1,510$990$630$391$239$20
38 years$1,454$941$590$361$216$17
39 years$1,401$894$553$333$196$14
40 years$1,351$851$518$307$178$12
41 years$1,303$810$486$283$161$10
42 years$1,258$771$456$261$147$8
43 years$1,215$735$427$241$133$7
44 years$1,174$701$401$223$121$6
45 years$1,135$668$377$206$110$5
46 years$1,098$637$354$190$100$4
47 years$1,062$608$332$175$90$3
48 years$1,028$581$312$162$82$3
49 years$996$554$294$150$75$2
50 years$965$530$276$138$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $988,000, adding $4,367 every year, while hoping to spend $42,561 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: 34/38/28 Blend
44$988,000$988,000$988,000$988,000
45$1,093,281$1,040,917$1,025,603$1,121,067
46$1,159,511$1,046,637$1,014,676$1,148,121
47$1,231,070$1,051,211$1,001,956$1,173,165
48$1,308,456$1,054,538$987,339$1,199,349
49$1,392,219$1,056,510$970,715$1,226,803
50$1,482,959$1,057,013$951,968$1,255,676
51$1,581,340$1,055,926$930,979$1,286,131
52$1,688,091$1,053,121$907,620$1,318,355
53$1,804,012$1,048,459$881,761$1,352,554
54$1,929,984$1,041,796$853,263$1,388,962
55$2,066,977$1,032,979$821,982$1,427,839
56$2,216,058$1,021,845$787,768$1,469,475
57$2,378,400$1,008,219$750,462$1,514,196
58$2,555,294$991,919$709,900$1,562,366
59$2,748,162$972,751$665,910$1,614,389
60$2,958,568$950,509$618,311$1,670,717
61$3,188,233$924,976$566,915$1,731,855
62$3,439,053$895,919$511,527$1,798,363
63$3,713,113$863,096$451,940$1,870,868
64$4,012,710$826,247$387,939$1,950,063
65$4,340,374$785,100$319,302$2,036,724
66$4,698,887$739,366$245,795$2,131,711
67$5,091,317$688,738$167,172$2,235,980
68$5,521,039$632,893$83,179$2,350,593
69$5,991,769$571,490$0$2,476,730
70$6,507,604$504,167$0$2,617,630
71$7,073,050$430,542$0$2,799,462
72$7,693,075$350,213$0$2,999,050
73$8,373,148$262,752$0$3,218,272
74$9,119,292$167,710$0$3,459,204
75$9,938,144$64,612$0$3,724,144
76$10,837,012$0$0$4,015,628
77$11,823,948$0$0$4,356,134
78$12,907,820$0$0$4,759,907
79$14,098,399$0$0$5,203,586
80$15,406,448$0$0$5,691,204
81$16,843,822$0$0$6,227,199
82$18,423,586$0$0$6,816,463
83$20,160,128$0$0$7,464,387
84$22,069,304$0$0$8,176,907
85$24,168,581$0$0$8,960,565
86$26,477,202$0$0$9,822,569
87$29,016,371$0$0$10,770,861
88$31,809,447$0$0$11,814,189
89$34,882,169$0$0$12,962,195
90$38,262,896$0$0$14,225,501
91$41,982,874$0$0$15,615,811
92$46,076,530$0$0$17,146,021
93$50,581,798$0$0$18,830,340
94$55,540,476$0$0$20,684,425
95$60,998,618$0$0$22,725,529
96$67,006,970$0$0$24,972,661
97$73,621,449$0$0$27,446,769
98$80,903,667$0$0$30,170,932
99$88,921,515$0$0$33,170,585
100$97,749,803$0$0$36,473,752