Can I retire at age 45 with 989,000?

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 $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%13.4%
1 years$81,671$80,943$80,233$79,541$78,864$77,750
2 years$40,431$39,678$38,948$38,241$37,554$36,434
3 years$26,686$25,930$25,202$24,501$23,826$22,734
4 years$19,815$19,061$18,341$17,652$16,993$15,938
5 years$15,694$14,944$14,233$13,558$12,918$11,903
6 years$12,947$12,203$11,502$10,843$10,221$9,248
7 years$10,986$10,248$9,559$8,914$8,313$7,381
8 years$9,515$8,785$8,106$7,478$6,896$6,006
9 years$8,373$7,649$6,982$6,370$5,808$4,959
10 years$7,459$6,742$6,087$5,491$4,948$4,140
11 years$6,712$6,002$5,359$4,779$4,256$3,487
12 years$6,089$5,387$4,756$4,191$3,688$2,958
13 years$5,563$4,868$4,249$3,700$3,216$2,524
14 years$5,113$4,425$3,818$3,285$2,819$2,164
15 years$4,723$4,042$3,447$2,929$2,482$1,862
16 years$4,382$3,709$3,125$2,623$2,194$1,608
17 years$4,081$3,416$2,844$2,357$1,945$1,393
18 years$3,814$3,156$2,596$2,124$1,730$1,209
19 years$3,576$2,925$2,377$1,919$1,542$1,052
20 years$3,361$2,718$2,181$1,738$1,377$917
21 years$3,168$2,532$2,006$1,577$1,232$800
22 years$2,992$2,363$1,849$1,434$1,104$699
23 years$2,831$2,210$1,707$1,306$991$612
24 years$2,685$2,071$1,579$1,191$891$536
25 years$2,550$1,944$1,462$1,088$802$469
26 years$2,426$1,827$1,356$995$722$412
27 years$2,311$1,719$1,259$911$651$361
28 years$2,204$1,620$1,171$834$588$317
29 years$2,105$1,528$1,090$765$531$279
30 years$2,013$1,443$1,015$702$479$245
31 years$1,927$1,364$946$645$433$216
32 years$1,847$1,291$883$593$392$190
33 years$1,771$1,223$824$545$355$167
34 years$1,700$1,159$770$501$321$147
35 years$1,634$1,099$720$462$291$129
36 years$1,571$1,043$674$425$264$114
37 years$1,511$991$630$392$239$100
38 years$1,455$942$590$361$217$88
39 years$1,402$895$553$333$196$78
40 years$1,352$852$518$307$178$69
41 years$1,304$811$486$283$162$60
42 years$1,259$772$456$261$147$53
43 years$1,216$736$428$241$133$47
44 years$1,175$701$402$223$121$41
45 years$1,136$669$377$206$110$36
46 years$1,099$638$354$190$100$32
47 years$1,063$609$333$176$90$28
48 years$1,029$581$313$162$82$25
49 years$997$555$294$150$75$22
50 years$966$530$276$139$68$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $989,000, adding $4,372 every year, while hoping to spend $59,452 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: 65/22/13 Blend
44$989,000$989,000$989,000$989,000
45$1,094,388$1,041,971$1,026,641$1,161,943
46$1,142,759$1,029,771$997,777$1,195,416
47$1,194,071$1,014,981$965,954$1,224,645
48$1,248,562$997,410$931,009$1,255,094
49$1,306,491$976,859$892,773$1,286,881
50$1,368,142$953,114$851,070$1,320,136
51$1,433,825$925,949$805,713$1,355,006
52$1,503,881$895,127$756,511$1,391,653
53$1,578,683$860,394$703,260$1,430,259
54$1,658,639$821,483$645,749$1,471,027
55$1,744,197$778,113$583,759$1,514,182
56$1,835,847$729,982$517,057$1,559,976
57$1,934,129$676,777$445,404$1,608,691
58$2,039,633$618,162$368,547$1,660,638
59$2,153,007$553,783$286,225$1,716,166
60$2,274,963$483,268$198,163$1,775,661
61$2,406,283$406,222$104,075$1,839,554
62$2,547,824$322,227$3,663$1,908,323
63$2,700,530$230,844$0$1,982,501
64$2,865,436$131,608$0$2,077,034
65$3,043,680$24,026$0$2,179,699
66$3,236,514$0$0$2,290,762
67$3,445,311$0$0$2,433,455
68$3,671,583$0$0$2,594,450
69$3,916,993$0$0$2,769,119
70$4,183,369$0$0$2,958,770
71$4,472,720$0$0$3,164,843
72$4,787,259$0$0$3,388,919
73$5,129,417$0$0$3,632,741
74$5,501,873$0$0$3,898,225
75$5,907,570$0$0$4,187,479
76$6,349,750$0$0$4,502,823
77$6,831,981$0$0$4,846,811
78$7,358,188$0$0$5,222,255
79$7,932,691$0$0$5,632,247
80$8,560,250$0$0$6,080,194
81$9,246,099$0$0$6,569,845
82$9,996,006$0$0$7,105,330
83$10,816,317$0$0$7,691,192
84$11,714,023$0$0$8,332,438
85$12,696,820$0$0$9,034,578
86$13,773,182$0$0$9,803,682
87$14,952,445$0$0$10,646,433
88$16,244,885$0$0$11,570,192
89$17,661,825$0$0$12,583,066
90$19,215,730$0$0$13,693,984
91$20,920,335$0$0$14,912,779
92$22,790,765$0$0$16,250,285
93$24,843,679$0$0$17,718,434
94$27,097,431$0$0$19,330,368
95$29,572,237$0$0$21,100,566
96$32,290,364$0$0$23,044,977
97$35,276,347$0$0$25,181,171
98$38,557,208$0$0$27,528,503
99$42,162,722$0$0$30,108,297
100$46,125,688$0$0$32,944,044