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%20%
1 years$81,671$80,943$80,233$79,541$78,864$75,705
2 years$40,431$39,678$38,948$38,241$37,554$34,412
3 years$26,686$25,930$25,202$24,501$23,826$20,798
4 years$19,815$19,061$18,341$17,652$16,993$14,103
5 years$15,694$14,944$14,233$13,558$12,918$10,173
6 years$12,947$12,203$11,502$10,843$10,221$7,624
7 years$10,986$10,248$9,559$8,914$8,313$5,861
8 years$9,515$8,785$8,106$7,478$6,896$4,588
9 years$8,373$7,649$6,982$6,370$5,808$3,640
10 years$7,459$6,742$6,087$5,491$4,948$2,916
11 years$6,712$6,002$5,359$4,779$4,256$2,355
12 years$6,089$5,387$4,756$4,191$3,688$1,913
13 years$5,563$4,868$4,249$3,700$3,216$1,561
14 years$5,113$4,425$3,818$3,285$2,819$1,279
15 years$4,723$4,042$3,447$2,929$2,482$1,051
16 years$4,382$3,709$3,125$2,623$2,194$866
17 years$4,081$3,416$2,844$2,357$1,945$715
18 years$3,814$3,156$2,596$2,124$1,730$591
19 years$3,576$2,925$2,377$1,919$1,542$489
20 years$3,361$2,718$2,181$1,738$1,377$406
21 years$3,168$2,532$2,006$1,577$1,232$336
22 years$2,992$2,363$1,849$1,434$1,104$279
23 years$2,831$2,210$1,707$1,306$991$232
24 years$2,685$2,071$1,579$1,191$891$193
25 years$2,550$1,944$1,462$1,088$802$160
26 years$2,426$1,827$1,356$995$722$133
27 years$2,311$1,719$1,259$911$651$111
28 years$2,204$1,620$1,171$834$588$92
29 years$2,105$1,528$1,090$765$531$77
30 years$2,013$1,443$1,015$702$479$64
31 years$1,927$1,364$946$645$433$53
32 years$1,847$1,291$883$593$392$44
33 years$1,771$1,223$824$545$355$37
34 years$1,700$1,159$770$501$321$31
35 years$1,634$1,099$720$462$291$26
36 years$1,571$1,043$674$425$264$21
37 years$1,511$991$630$392$239$18
38 years$1,455$942$590$361$217$15
39 years$1,402$895$553$333$196$12
40 years$1,352$852$518$307$178$10
41 years$1,304$811$486$283$162$9
42 years$1,259$772$456$261$147$7
43 years$1,216$736$428$241$133$6
44 years$1,175$701$402$223$121$5
45 years$1,136$669$377$206$110$4
46 years$1,099$638$354$190$100$3
47 years$1,063$609$333$176$90$3
48 years$1,029$581$313$162$82$2
49 years$997$555$294$150$75$2
50 years$966$530$276$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $989,000, adding $2,271 every year, while hoping to spend $33,459 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: 55/15/30 Blend
44$989,000$989,000$989,000$989,000
45$1,092,221$1,039,804$1,024,474$1,143,074
46$1,168,027$1,055,154$1,023,194$1,193,827
47$1,250,444$1,070,135$1,020,749$1,245,462
48$1,340,111$1,084,693$1,017,066$1,301,043
49$1,437,731$1,098,772$1,012,066$1,360,964
50$1,544,078$1,112,309$1,005,668$1,425,657
51$1,660,002$1,125,241$997,787$1,495,603
52$1,786,441$1,137,496$988,331$1,571,331
53$1,924,426$1,149,002$977,209$1,653,424
54$2,075,092$1,159,678$964,320$1,742,529
55$2,239,689$1,169,439$949,562$1,839,358
56$2,419,592$1,178,197$932,827$1,944,695
57$2,616,317$1,185,855$914,003$2,059,411
58$2,831,529$1,192,310$892,971$2,184,462
59$3,067,067$1,197,455$869,607$2,320,906
60$3,324,951$1,201,173$843,782$2,469,911
61$3,607,408$1,203,343$815,361$2,632,765
62$3,916,890$1,203,833$784,202$2,810,890
63$4,256,098$1,202,506$750,157$3,005,855
64$4,628,004$1,199,213$713,072$3,219,391
65$5,035,886$1,193,800$672,785$3,453,409
66$5,483,349$1,186,099$629,127$3,710,017
67$5,974,369$1,175,936$581,920$3,991,542
68$6,513,322$1,163,124$530,982$4,300,550
69$7,105,030$1,147,466$476,119$4,639,873
70$7,754,803$1,128,752$417,129$5,012,634
71$8,468,492$1,106,760$353,802$5,422,280
72$9,252,543$1,081,256$285,919$5,872,612
73$10,114,055$1,051,990$213,250$6,367,823
74$11,060,851$1,018,700$135,556$6,912,539
75$12,101,547$981,106$52,587$7,511,862
76$13,245,638$938,913$0$8,171,418
77$14,503,583$891,810$0$8,908,923
78$15,886,906$839,465$0$9,738,424
79$17,408,301$781,531$0$10,650,711
80$19,081,759$717,636$0$11,654,201
81$20,922,690$647,392$0$12,758,175
82$22,948,076$570,386$0$13,972,859
83$25,176,626$486,181$0$15,309,524
84$27,628,955$394,318$0$16,780,590
85$30,327,778$294,309$0$18,399,748
86$33,298,122$185,640$0$20,182,086
87$36,567,564$67,770$0$22,144,230
88$40,166,489$0$0$24,304,508
89$44,128,380$0$0$26,692,998
90$48,490,127$0$0$29,334,977
91$53,292,384$0$0$32,243,896
92$58,579,943$0$0$35,446,902
93$64,402,163$0$0$38,973,910
94$70,813,431$0$0$42,857,882
95$77,873,680$0$0$47,135,142
96$85,648,949$0$0$51,845,713
97$94,212,007$0$0$57,033,700
98$103,643,045$0$0$62,747,704
99$114,030,422$0$0$69,041,277
100$125,471,509$0$0$75,973,434