Can I retire at age 45 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$81,671$80,943$80,233$79,541$78,864$76,709
2 years$40,431$39,678$38,948$38,241$37,554$35,399
3 years$26,686$25,930$25,202$24,501$23,826$21,737
4 years$19,815$19,061$18,341$17,652$16,993$14,987
5 years$15,694$14,944$14,233$13,558$12,918$11,001
6 years$12,947$12,203$11,502$10,843$10,221$8,395
7 years$10,986$10,248$9,559$8,914$8,313$6,577
8 years$9,515$8,785$8,106$7,478$6,896$5,250
9 years$8,373$7,649$6,982$6,370$5,808$4,250
10 years$7,459$6,742$6,087$5,491$4,948$3,476
11 years$6,712$6,002$5,359$4,779$4,256$2,868
12 years$6,089$5,387$4,756$4,191$3,688$2,381
13 years$5,563$4,868$4,249$3,700$3,216$1,987
14 years$5,113$4,425$3,818$3,285$2,819$1,666
15 years$4,723$4,042$3,447$2,929$2,482$1,401
16 years$4,382$3,709$3,125$2,623$2,194$1,182
17 years$4,081$3,416$2,844$2,357$1,945$1,000
18 years$3,814$3,156$2,596$2,124$1,730$847
19 years$3,576$2,925$2,377$1,919$1,542$719
20 years$3,361$2,718$2,181$1,738$1,377$611
21 years$3,168$2,532$2,006$1,577$1,232$520
22 years$2,992$2,363$1,849$1,434$1,104$443
23 years$2,831$2,210$1,707$1,306$991$378
24 years$2,685$2,071$1,579$1,191$891$323
25 years$2,550$1,944$1,462$1,088$802$275
26 years$2,426$1,827$1,356$995$722$235
27 years$2,311$1,719$1,259$911$651$201
28 years$2,204$1,620$1,171$834$588$172
29 years$2,105$1,528$1,090$765$531$147
30 years$2,013$1,443$1,015$702$479$126
31 years$1,927$1,364$946$645$433$108
32 years$1,847$1,291$883$593$392$92
33 years$1,771$1,223$824$545$355$79
34 years$1,700$1,159$770$501$321$68
35 years$1,634$1,099$720$462$291$58
36 years$1,571$1,043$674$425$264$50
37 years$1,511$991$630$392$239$42
38 years$1,455$942$590$361$217$36
39 years$1,402$895$553$333$196$31
40 years$1,352$852$518$307$178$27
41 years$1,304$811$486$283$162$23
42 years$1,259$772$456$261$147$20
43 years$1,216$736$428$241$133$17
44 years$1,175$701$402$223$121$14
45 years$1,136$669$377$206$110$12
46 years$1,099$638$354$190$100$11
47 years$1,063$609$333$176$90$9
48 years$1,029$581$313$162$82$8
49 years$997$555$294$150$75$7
50 years$966$530$276$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $989,000, adding $6,049 every year, while hoping to spend $38,729 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: 42/49/9 Blend
44$989,000$989,000$989,000$989,000
45$1,096,118$1,043,701$1,028,371$1,139,018
46$1,166,714$1,053,635$1,021,614$1,179,485
47$1,243,214$1,062,757$1,013,333$1,218,902
48$1,326,177$1,070,988$1,003,435$1,260,704
49$1,416,222$1,078,241$991,825$1,305,125
50$1,514,026$1,084,425$978,401$1,352,422
51$1,620,338$1,089,442$963,058$1,402,882
52$1,735,977$1,093,190$945,685$1,456,821
53$1,861,848$1,095,557$926,167$1,514,589
54$1,998,945$1,096,428$904,382$1,576,577
55$2,148,362$1,095,678$880,204$1,643,215
56$2,311,304$1,093,175$853,499$1,714,981
57$2,489,096$1,088,780$824,131$1,792,403
58$2,683,197$1,082,343$791,952$1,876,066
59$2,895,213$1,073,708$756,812$1,966,620
60$3,126,912$1,062,706$718,553$2,064,782
61$3,380,240$1,049,163$677,008$2,171,347
62$3,657,341$1,032,888$632,004$2,287,193
63$3,960,574$1,013,684$583,361$2,413,295
64$4,292,538$991,340$530,889$2,550,729
65$4,656,094$965,633$474,390$2,700,687
66$5,054,393$936,325$413,659$2,864,486
67$5,490,904$903,169$348,480$3,043,584
68$5,969,450$865,898$278,628$3,239,593
69$6,494,239$824,232$203,868$3,454,295
70$7,069,908$777,876$123,954$3,689,663
71$7,701,563$726,516$38,631$3,947,873
72$8,394,828$669,821$0$4,231,334
73$9,155,899$607,441$0$4,547,743
74$9,991,601$539,005$0$4,899,293
75$10,909,450$464,123$0$5,285,549
76$11,917,730$382,381$0$5,710,131
77$13,025,562$293,341$0$6,177,037
78$14,242,999$196,545$0$6,690,682
79$15,581,113$91,503$0$7,255,941
80$17,052,101$0$0$7,878,195
81$18,669,405$0$0$8,575,408
82$20,447,830$0$0$9,396,470
83$22,403,691$0$0$10,299,591
84$24,554,959$0$0$11,293,087
85$26,921,439$0$0$12,386,123
86$29,524,949$0$0$13,588,795
87$32,389,529$0$0$14,912,226
88$35,541,667$0$0$16,368,675
89$39,010,548$0$0$17,971,647
90$42,828,329$0$0$19,736,022
91$47,030,443$0$0$21,678,200
92$51,655,931$0$0$23,816,246
93$56,747,813$0$0$26,170,069
94$62,353,492$0$0$28,761,605
95$68,525,197$0$0$31,615,028
96$75,320,483$0$0$34,756,971
97$82,802,769$0$0$38,216,785
98$91,041,935$0$0$42,026,810
99$100,114,985$0$0$46,222,682
100$110,106,769$0$0$50,843,671