Can I retire at age 45 with 988,000?

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 $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%17.3%
1 years$81,588$80,861$80,152$79,460$78,785$76,446
2 years$40,390$39,638$38,909$38,202$37,516$35,180
3 years$26,659$25,904$25,177$24,476$23,802$21,541
4 years$19,795$19,042$18,322$17,634$16,976$14,807
5 years$15,678$14,929$14,219$13,545$12,905$10,834
6 years$12,934$12,191$11,491$10,832$10,211$8,241
7 years$10,975$10,238$9,549$8,905$8,304$6,434
8 years$9,506$8,776$8,098$7,470$6,889$5,118
9 years$8,364$7,641$6,975$6,363$5,802$4,127
10 years$7,451$6,735$6,081$5,485$4,943$3,364
11 years$6,705$5,996$5,354$4,774$4,251$2,764
12 years$6,083$5,382$4,751$4,187$3,684$2,286
13 years$5,558$4,863$4,245$3,697$3,213$1,900
14 years$5,108$4,421$3,814$3,281$2,816$1,586
15 years$4,718$4,038$3,444$2,926$2,480$1,329
16 years$4,377$3,705$3,122$2,620$2,192$1,116
17 years$4,077$3,412$2,841$2,354$1,943$940
18 years$3,810$3,153$2,593$2,122$1,728$793
19 years$3,572$2,922$2,374$1,917$1,540$670
20 years$3,358$2,715$2,179$1,736$1,376$567
21 years$3,164$2,529$2,004$1,576$1,231$480
22 years$2,989$2,361$1,847$1,433$1,103$407
23 years$2,829$2,208$1,706$1,305$990$346
24 years$2,682$2,069$1,577$1,190$890$294
25 years$2,547$1,942$1,461$1,087$801$249
26 years$2,423$1,825$1,355$994$722$212
27 years$2,308$1,717$1,258$910$651$180
28 years$2,202$1,618$1,170$833$587$153
29 years$2,103$1,527$1,088$764$530$131
30 years$2,011$1,442$1,014$701$479$111
31 years$1,925$1,363$945$644$433$95
32 years$1,845$1,290$882$592$392$81
33 years$1,769$1,221$823$544$354$69
34 years$1,699$1,158$769$501$321$59
35 years$1,632$1,098$719$461$291$50
36 years$1,569$1,042$673$425$263$42
37 years$1,510$990$630$391$239$36
38 years$1,454$941$590$361$216$31
39 years$1,401$894$553$333$196$26
40 years$1,351$851$518$307$178$22
41 years$1,303$810$486$283$161$19
42 years$1,258$771$456$261$147$16
43 years$1,215$735$427$241$133$14
44 years$1,174$701$401$223$121$12
45 years$1,135$668$377$206$110$10
46 years$1,098$637$354$190$100$9
47 years$1,062$608$332$175$90$7
48 years$1,028$581$312$162$82$6
49 years$996$554$294$150$75$5
50 years$965$530$276$138$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $988,000, adding $5,415 every year, while hoping to spend $34,879 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: 72/15/13 Blend
44$988,000$988,000$988,000$988,000
45$1,094,362$1,041,998$1,026,684$1,169,733
46$1,168,875$1,055,944$1,023,966$1,234,320
47$1,249,821$1,069,406$1,019,989$1,300,229
48$1,337,817$1,082,321$1,014,673$1,371,469
49$1,433,544$1,094,625$1,007,935$1,448,560
50$1,537,753$1,106,249$999,688$1,532,074
51$1,651,268$1,117,119$989,842$1,622,641
52$1,774,996$1,127,157$978,301$1,720,957
53$1,909,937$1,136,279$964,965$1,827,788
54$2,057,189$1,144,395$949,729$1,943,977
55$2,217,962$1,151,410$932,485$2,070,456
56$2,393,589$1,157,224$913,119$2,208,250
57$2,585,536$1,161,729$891,509$2,358,489
58$2,795,418$1,164,810$867,531$2,522,421
59$3,025,011$1,166,346$841,054$2,701,418
60$3,276,273$1,166,208$811,940$2,896,995
61$3,551,359$1,164,259$780,046$3,110,821
62$3,852,642$1,160,352$745,223$3,344,736
63$4,182,737$1,154,334$707,312$3,600,769
64$4,544,520$1,146,041$666,151$3,881,156
65$4,941,162$1,135,298$621,569$4,188,362
66$5,376,155$1,121,922$573,385$4,525,103
67$5,853,343$1,105,716$521,414$4,894,376
68$6,376,962$1,086,474$465,459$5,299,482
69$6,951,677$1,063,977$405,318$5,744,060
70$7,582,628$1,037,991$340,775$6,232,125
71$8,275,475$1,008,272$271,610$6,768,098
72$9,036,454$974,558$197,590$7,356,855
73$9,872,434$936,573$118,471$8,003,772
74$10,790,984$894,027$34,002$8,714,772
75$11,800,441$846,610$0$9,496,388
76$12,909,988$793,996$0$10,363,605
77$14,129,745$735,840$0$11,322,113
78$15,470,859$671,777$0$12,375,976
79$16,945,614$601,421$0$13,534,879
80$18,567,540$524,364$0$14,809,496
81$20,351,547$440,176$0$16,211,586
82$22,314,062$348,402$0$17,754,113
83$24,473,183$248,560$0$19,451,360
84$26,848,852$140,144$0$21,319,070
85$29,463,040$22,616$0$23,374,592
86$32,339,957$0$0$25,637,044
87$35,506,277$0$0$28,144,761
88$38,991,393$0$0$30,909,130
89$42,827,690$0$0$33,952,114
90$47,050,854$0$0$37,302,024
91$51,700,204$0$0$40,990,060
92$56,819,068$0$0$45,050,596
93$62,455,188$0$0$49,521,514
94$68,661,171$0$0$54,444,551
95$75,494,983$0$0$59,865,701
96$83,020,501$0$0$65,835,645
97$91,308,110$0$0$72,410,227
98$100,435,371$0$0$79,650,986
99$110,487,747$0$0$87,625,732
100$121,559,417$0$0$96,409,189