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%17%
1 years$81,671$80,943$80,233$79,541$78,864$76,616
2 years$40,431$39,678$38,948$38,241$37,554$35,307
3 years$26,686$25,930$25,202$24,501$23,826$21,650
4 years$19,815$19,061$18,341$17,652$16,993$14,904
5 years$15,694$14,944$14,233$13,558$12,918$10,923
6 years$12,947$12,203$11,502$10,843$10,221$8,322
7 years$10,986$10,248$9,559$8,914$8,313$6,508
8 years$9,515$8,785$8,106$7,478$6,896$5,186
9 years$8,373$7,649$6,982$6,370$5,808$4,190
10 years$7,459$6,742$6,087$5,491$4,948$3,421
11 years$6,712$6,002$5,359$4,779$4,256$2,817
12 years$6,089$5,387$4,756$4,191$3,688$2,334
13 years$5,563$4,868$4,249$3,700$3,216$1,944
14 years$5,113$4,425$3,818$3,285$2,819$1,627
15 years$4,723$4,042$3,447$2,929$2,482$1,365
16 years$4,382$3,709$3,125$2,623$2,194$1,150
17 years$4,081$3,416$2,844$2,357$1,945$970
18 years$3,814$3,156$2,596$2,124$1,730$820
19 years$3,576$2,925$2,377$1,919$1,542$695
20 years$3,361$2,718$2,181$1,738$1,377$589
21 years$3,168$2,532$2,006$1,577$1,232$500
22 years$2,992$2,363$1,849$1,434$1,104$425
23 years$2,831$2,210$1,707$1,306$991$362
24 years$2,685$2,071$1,579$1,191$891$308
25 years$2,550$1,944$1,462$1,088$802$262
26 years$2,426$1,827$1,356$995$722$224
27 years$2,311$1,719$1,259$911$651$191
28 years$2,204$1,620$1,171$834$588$163
29 years$2,105$1,528$1,090$765$531$139
30 years$2,013$1,443$1,015$702$479$118
31 years$1,927$1,364$946$645$433$101
32 years$1,847$1,291$883$593$392$86
33 years$1,771$1,223$824$545$355$74
34 years$1,700$1,159$770$501$321$63
35 years$1,634$1,099$720$462$291$54
36 years$1,571$1,043$674$425$264$46
37 years$1,511$991$630$392$239$39
38 years$1,455$942$590$361$217$33
39 years$1,402$895$553$333$196$29
40 years$1,352$852$518$307$178$24
41 years$1,304$811$486$283$162$21
42 years$1,259$772$456$261$147$18
43 years$1,216$736$428$241$133$15
44 years$1,175$701$402$223$121$13
45 years$1,136$669$377$206$110$11
46 years$1,099$638$354$190$100$10
47 years$1,063$609$333$176$90$8
48 years$1,029$581$313$162$82$7
49 years$997$555$294$150$75$6
50 years$966$530$276$139$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $989,000, adding $2,505 every year, while hoping to spend $42,424 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: 27/44/29 Blend
44$989,000$989,000$989,000$989,000
45$1,092,462$1,040,045$1,024,715$1,112,065
46$1,158,754$1,045,868$1,013,905$1,134,044
47$1,230,386$1,050,555$1,001,310$1,153,829
48$1,307,859$1,054,005$986,826$1,174,218
49$1,391,720$1,056,111$970,345$1,195,292
50$1,482,575$1,056,760$951,751$1,217,143
51$1,581,087$1,055,831$930,924$1,239,878
52$1,687,987$1,053,196$907,739$1,263,617
53$1,804,078$1,048,719$882,065$1,288,499
54$1,930,244$1,042,256$853,764$1,314,677
55$2,067,457$1,033,654$822,693$1,342,327
56$2,216,785$1,022,751$788,701$1,371,649
57$2,379,406$1,009,375$751,631$1,402,865
58$2,556,615$993,343$711,320$1,436,228
59$2,749,836$974,463$667,595$1,472,021
60$2,960,637$952,530$620,278$1,510,563
61$3,190,745$927,328$569,181$1,552,211
62$3,442,061$898,626$514,107$1,597,367
63$3,716,674$866,182$454,854$1,646,479
64$4,016,890$829,740$391,206$1,700,050
65$4,345,242$789,027$322,941$1,758,643
66$4,704,524$743,756$249,826$1,822,885
67$5,097,808$693,622$171,618$1,893,479
68$5,528,480$638,305$88,063$1,971,206
69$6,000,267$577,465$0$2,056,941
70$6,517,275$510,741$0$2,151,998
71$7,084,025$437,755$0$2,286,220
72$7,705,496$358,105$0$2,433,625
73$8,387,172$271,368$0$2,595,650
74$9,135,094$177,096$0$2,773,883
75$9,955,916$74,816$0$2,970,085
76$10,856,966$0$0$3,186,207
77$11,846,318$0$0$3,441,822
78$12,932,866$0$0$3,762,501
79$14,126,405$0$0$4,114,932
80$15,437,729$0$0$4,502,324
81$16,878,726$0$0$4,928,211
82$18,462,494$0$0$5,396,488
83$20,203,465$0$0$5,911,446
84$22,117,535$0$0$6,477,812
85$24,222,219$0$0$7,100,794
86$26,536,816$0$0$7,786,131
87$29,082,585$0$0$8,540,146
88$31,882,951$0$0$9,369,805
89$34,963,724$0$0$10,282,783
90$38,353,340$0$0$11,287,540
91$42,083,132$0$0$12,393,392
92$46,187,621$0$0$13,610,609
93$50,704,847$0$0$14,950,505
94$55,676,721$0$0$16,425,546
95$61,149,427$0$0$18,049,468
96$67,173,848$0$0$19,837,410
97$73,806,057$0$0$21,806,048
98$81,107,837$0$0$23,973,762
99$89,147,265$0$0$26,360,803
100$97,999,357$0$0$28,989,486