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%15.7%
1 years$81,671$80,943$80,233$79,541$78,864$77,020
2 years$40,431$39,678$38,948$38,241$37,554$35,707
3 years$26,686$25,930$25,202$24,501$23,826$22,033
4 years$19,815$19,061$18,341$17,652$16,993$15,268
5 years$15,694$14,944$14,233$13,558$12,918$11,266
6 years$12,947$12,203$11,502$10,843$10,221$8,644
7 years$10,986$10,248$9,559$8,914$8,313$6,811
8 years$9,515$8,785$8,106$7,478$6,896$5,469
9 years$8,373$7,649$6,982$6,370$5,808$4,453
10 years$7,459$6,742$6,087$5,491$4,948$3,666
11 years$6,712$6,002$5,359$4,779$4,256$3,043
12 years$6,089$5,387$4,756$4,191$3,688$2,543
13 years$5,563$4,868$4,249$3,700$3,216$2,137
14 years$5,113$4,425$3,818$3,285$2,819$1,804
15 years$4,723$4,042$3,447$2,929$2,482$1,528
16 years$4,382$3,709$3,125$2,623$2,194$1,299
17 years$4,081$3,416$2,844$2,357$1,945$1,106
18 years$3,814$3,156$2,596$2,124$1,730$944
19 years$3,576$2,925$2,377$1,919$1,542$808
20 years$3,361$2,718$2,181$1,738$1,377$692
21 years$3,168$2,532$2,006$1,577$1,232$593
22 years$2,992$2,363$1,849$1,434$1,104$509
23 years$2,831$2,210$1,707$1,306$991$438
24 years$2,685$2,071$1,579$1,191$891$377
25 years$2,550$1,944$1,462$1,088$802$324
26 years$2,426$1,827$1,356$995$722$279
27 years$2,311$1,719$1,259$911$651$240
28 years$2,204$1,620$1,171$834$588$207
29 years$2,105$1,528$1,090$765$531$179
30 years$2,013$1,443$1,015$702$479$154
31 years$1,927$1,364$946$645$433$133
32 years$1,847$1,291$883$593$392$115
33 years$1,771$1,223$824$545$355$99
34 years$1,700$1,159$770$501$321$86
35 years$1,634$1,099$720$462$291$74
36 years$1,571$1,043$674$425$264$64
37 years$1,511$991$630$392$239$55
38 years$1,455$942$590$361$217$48
39 years$1,402$895$553$333$196$41
40 years$1,352$852$518$307$178$36
41 years$1,304$811$486$283$162$31
42 years$1,259$772$456$261$147$27
43 years$1,216$736$428$241$133$23
44 years$1,175$701$402$223$121$20
45 years$1,136$669$377$206$110$17
46 years$1,099$638$354$190$100$15
47 years$1,063$609$333$176$90$13
48 years$1,029$581$313$162$82$11
49 years$997$555$294$150$75$10
50 years$966$530$276$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $989,000, adding $4,421 every year, while hoping to spend $44,733 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: 68/6/26 Blend
44$989,000$989,000$989,000$989,000
45$1,094,438$1,042,021$1,026,692$1,161,226
46$1,158,475$1,045,485$1,013,490$1,210,109
47$1,227,545$1,047,619$998,347$1,258,053
48$1,302,113$1,048,311$981,151$1,309,480
49$1,382,692$1,047,441$961,783$1,364,733
50$1,469,845$1,044,884$940,121$1,424,193
51$1,564,190$1,040,504$916,035$1,488,281
52$1,666,407$1,034,159$889,393$1,557,462
53$1,777,245$1,025,697$860,051$1,632,249
54$1,897,525$1,014,957$827,864$1,713,208
55$2,028,153$1,001,770$792,678$1,800,966
56$2,170,122$985,955$754,330$1,896,213
57$2,324,528$967,320$712,654$1,999,712
58$2,492,575$945,663$667,472$2,112,307
59$2,675,587$920,770$618,602$2,234,926
60$2,875,022$892,413$565,851$2,368,597
61$3,092,486$860,353$509,018$2,514,454
62$3,329,743$824,334$447,894$2,673,747
63$3,588,738$784,088$382,260$2,847,857
64$3,871,611$739,329$311,887$3,038,309
65$4,180,716$689,757$236,536$3,246,785
66$4,518,648$635,054$155,958$3,475,141
67$4,888,260$574,882$69,894$3,725,426
68$5,292,698$508,886$0$3,999,901
69$5,735,422$436,691$0$4,307,150
70$6,220,244$357,898$0$4,664,922
71$6,751,362$272,088$0$5,056,928
72$7,333,399$178,818$0$5,486,601
73$7,971,445$77,620$0$5,957,728
74$8,671,109$0$0$6,474,478
75$9,438,565$0$0$7,043,559
76$10,280,616$0$0$7,673,635
77$11,204,755$0$0$8,365,195
78$12,219,236$0$0$9,124,423
79$13,333,148$0$0$9,958,130
80$14,556,507$0$0$10,873,821
81$15,900,345$0$0$11,879,761
82$17,376,816$0$0$12,985,056
83$18,999,307$0$0$14,199,739
84$20,782,570$0$0$15,534,861
85$22,742,853$0$0$17,002,597
86$24,898,060$0$0$18,616,363
87$27,267,913$0$0$20,390,938
88$29,874,145$0$0$22,342,604
89$32,740,698$0$0$24,489,301
90$35,893,949$0$0$26,850,795
91$39,362,963$0$0$29,448,865
92$43,179,764$0$0$32,307,505
93$47,379,634$0$0$35,453,155
94$52,001,450$0$0$38,914,945
95$57,088,048$0$0$42,724,973
96$62,686,626$0$0$46,918,606
97$68,849,191$0$0$51,534,814
98$75,633,046$0$0$56,616,536
99$83,101,333$0$0$62,211,086
100$91,323,627$0$0$68,370,600