Can I retire at age 45 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$80,762$80,043$79,341$78,656$77,987$75,430
2 years$39,981$39,237$38,515$37,815$37,137$34,585
3 years$26,389$25,642$24,922$24,229$23,561$21,095
4 years$19,595$18,849$18,137$17,455$16,804$14,442
5 years$15,519$14,778$14,075$13,407$12,774$10,523
6 years$12,803$12,067$11,375$10,722$10,108$7,969
7 years$10,863$10,134$9,452$8,815$8,220$6,193
8 years$9,410$8,687$8,016$7,395$6,820$4,903
9 years$8,279$7,563$6,904$6,299$5,743$3,935
10 years$7,376$6,667$6,019$5,430$4,893$3,191
11 years$6,637$5,935$5,299$4,725$4,208$2,609
12 years$6,022$5,327$4,703$4,145$3,647$2,146
13 years$5,501$4,814$4,202$3,659$3,180$1,774
14 years$5,056$4,376$3,775$3,248$2,788$1,473
15 years$4,670$3,997$3,409$2,897$2,455$1,227
16 years$4,333$3,668$3,091$2,594$2,169$1,025
17 years$4,036$3,378$2,812$2,331$1,923$858
18 years$3,772$3,121$2,567$2,100$1,710$719
19 years$3,536$2,893$2,350$1,898$1,524$604
20 years$3,324$2,688$2,157$1,719$1,362$508
21 years$3,132$2,504$1,984$1,560$1,219$428
22 years$2,958$2,337$1,828$1,418$1,092$361
23 years$2,800$2,186$1,688$1,292$980$304
24 years$2,655$2,048$1,561$1,178$881$257
25 years$2,521$1,922$1,446$1,076$793$217
26 years$2,399$1,806$1,341$984$714$183
27 years$2,285$1,700$1,245$900$644$155
28 years$2,180$1,602$1,158$825$581$131
29 years$2,082$1,511$1,077$757$525$111
30 years$1,991$1,427$1,004$694$474$93
31 years$1,906$1,349$936$638$429$79
32 years$1,826$1,277$873$586$388$67
33 years$1,751$1,209$815$539$351$57
34 years$1,681$1,146$762$496$318$48
35 years$1,615$1,087$712$456$288$41
36 years$1,553$1,032$666$420$261$34
37 years$1,495$980$623$387$236$29
38 years$1,439$931$584$357$214$25
39 years$1,387$885$547$329$194$21
40 years$1,337$842$513$304$176$18
41 years$1,290$802$481$280$160$15
42 years$1,245$764$451$259$145$13
43 years$1,203$728$423$239$132$11
44 years$1,162$694$397$220$119$9
45 years$1,123$661$373$204$108$8
46 years$1,087$631$350$188$98$6
47 years$1,051$602$329$174$89$5
48 years$1,018$575$309$160$81$5
49 years$986$549$291$148$74$4
50 years$955$524$273$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $978,000, adding $3,272 every year, while hoping to spend $50,690 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: 49/26/25 Blend
44$978,000$978,000$978,000$978,000
45$1,081,131$1,029,297$1,014,138$1,126,308
46$1,137,473$1,025,799$994,178$1,154,694
47$1,197,862$1,020,430$971,850$1,180,191
48$1,262,659$1,013,046$947,022$1,206,875
49$1,332,258$1,003,493$919,555$1,234,883
50$1,407,090$991,607$889,302$1,264,366
51$1,487,633$977,215$856,113$1,295,494
52$1,574,407$960,134$819,829$1,328,457
53$1,667,986$940,169$780,282$1,363,470
54$1,768,999$917,116$737,300$1,400,772
55$1,878,137$890,756$690,700$1,440,630
56$1,996,162$860,858$640,294$1,483,343
57$2,123,909$827,178$585,882$1,529,244
58$2,262,297$789,458$527,258$1,578,705
59$2,412,335$747,426$464,205$1,632,143
60$2,575,134$700,791$396,497$1,690,019
61$2,751,916$649,248$323,898$1,752,849
62$2,944,025$592,475$246,162$1,821,206
63$3,152,939$530,129$163,031$1,895,731
64$3,380,283$461,849$74,237$1,977,132
65$3,627,847$387,255$0$2,066,200
66$3,897,600$305,944$0$2,169,288
67$4,191,709$217,489$0$2,303,384
68$4,512,559$121,441$0$2,449,830
69$4,862,774$17,326$0$2,609,913
70$5,245,244$0$0$2,785,056
71$5,663,149$0$0$3,004,115
72$6,119,992$0$0$3,249,104
73$6,619,628$0$0$3,517,147
74$7,166,302$0$0$3,810,534
75$7,764,687$0$0$4,131,788
76$8,419,932$0$0$4,483,686
77$9,137,704$0$0$4,869,287
78$9,924,246$0$0$5,291,959
79$10,786,431$0$0$5,755,414
80$11,731,832$0$0$6,263,736
81$12,768,786$0$0$6,821,427
82$13,906,480$0$0$7,433,445
83$15,155,029$0$0$8,105,250
84$16,525,579$0$0$8,842,857
85$18,030,403$0$0$9,652,893
86$19,683,026$0$0$10,542,656
87$21,498,341$0$0$11,520,188
88$23,492,760$0$0$12,594,347
89$25,684,359$0$0$13,774,891
90$28,093,054$0$0$15,072,573
91$30,740,787$0$0$16,499,236
92$33,651,729$0$0$18,067,931
93$36,852,511$0$0$19,793,035
94$40,372,475$0$0$21,690,388
95$44,243,947$0$0$23,777,442
96$48,502,543$0$0$26,073,427
97$53,187,507$0$0$28,599,528
98$58,342,074$0$0$31,379,091
99$64,013,885$0$0$34,437,835
100$70,255,429$0$0$37,804,100