Can I retire at age 45 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$80,927$80,207$79,503$78,817$78,147$75,797
2 years$40,063$39,317$38,594$37,893$37,213$34,865
3 years$26,443$25,694$24,973$24,278$23,609$21,338
4 years$19,635$18,888$18,174$17,491$16,838$14,660
5 years$15,551$14,808$14,104$13,435$12,800$10,721
6 years$12,829$12,092$11,398$10,744$10,128$8,150
7 years$10,886$10,155$9,472$8,833$8,237$6,360
8 years$9,429$8,705$8,033$7,410$6,833$5,056
9 years$8,296$7,579$6,919$6,312$5,755$4,075
10 years$7,391$6,680$6,032$5,441$4,903$3,319
11 years$6,650$5,947$5,310$4,735$4,217$2,725
12 years$6,034$5,338$4,713$4,153$3,654$2,252
13 years$5,513$4,824$4,211$3,667$3,187$1,871
14 years$5,066$4,385$3,783$3,255$2,793$1,561
15 years$4,680$4,006$3,416$2,903$2,460$1,307
16 years$4,342$3,675$3,097$2,599$2,174$1,097
17 years$4,044$3,385$2,818$2,335$1,927$923
18 years$3,779$3,128$2,572$2,105$1,714$778
19 years$3,543$2,899$2,355$1,902$1,528$657
20 years$3,331$2,693$2,161$1,722$1,364$556
21 years$3,139$2,509$1,988$1,563$1,221$470
22 years$2,964$2,342$1,832$1,421$1,094$399
23 years$2,806$2,190$1,692$1,294$982$338
24 years$2,660$2,052$1,565$1,181$883$287
25 years$2,527$1,926$1,449$1,078$795$243
26 years$2,403$1,810$1,344$986$716$207
27 years$2,290$1,703$1,248$902$645$176
28 years$2,184$1,605$1,160$827$582$149
29 years$2,086$1,514$1,080$758$526$127
30 years$1,995$1,430$1,006$696$475$108
31 years$1,910$1,352$938$639$430$92
32 years$1,830$1,279$875$587$389$78
33 years$1,755$1,211$817$540$352$67
34 years$1,685$1,148$763$497$318$57
35 years$1,619$1,089$713$457$288$48
36 years$1,556$1,034$667$421$261$41
37 years$1,498$982$625$388$237$35
38 years$1,442$933$585$358$215$30
39 years$1,390$887$548$330$195$25
40 years$1,340$844$514$304$177$22
41 years$1,293$803$482$281$160$18
42 years$1,248$765$452$259$145$16
43 years$1,205$729$424$239$132$13
44 years$1,164$695$398$221$120$11
45 years$1,126$663$374$204$109$10
46 years$1,089$632$351$188$99$8
47 years$1,054$603$330$174$90$7
48 years$1,020$576$310$161$81$6
49 years$988$550$291$149$74$5
50 years$957$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $980,000, adding $6,040 every year, while hoping to spend $31,231 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: 41/34/25 Blend
44$980,000$980,000$980,000$980,000
45$1,086,190$1,034,250$1,019,060$1,122,521
46$1,163,752$1,051,699$1,019,969$1,166,662
47$1,248,179$1,068,956$1,019,862$1,211,004
48$1,340,137$1,085,979$1,018,671$1,258,389
49$1,440,361$1,102,722$1,016,327$1,309,113
50$1,549,659$1,119,137$1,012,756$1,363,504
51$1,668,921$1,135,171$1,007,879$1,421,927
52$1,799,125$1,150,769$1,001,618$1,484,783
53$1,941,350$1,165,870$993,885$1,552,515
54$2,096,780$1,180,410$984,593$1,625,614
55$2,266,723$1,194,322$973,649$1,704,621
56$2,452,617$1,207,531$960,953$1,790,135
57$2,656,044$1,219,961$946,406$1,882,817
58$2,878,748$1,231,527$929,898$1,983,398
59$3,122,650$1,242,141$911,319$2,092,684
60$3,389,863$1,251,709$890,551$2,211,568
61$3,682,716$1,260,129$867,472$2,341,033
62$4,003,773$1,267,296$841,952$2,482,167
63$4,355,859$1,273,094$813,858$2,636,170
64$4,742,084$1,277,403$783,050$2,804,370
65$5,165,875$1,280,094$749,381$2,988,230
66$5,631,005$1,281,030$712,696$3,189,367
67$6,141,633$1,280,066$672,836$3,409,566
68$6,702,337$1,277,046$629,634$3,650,798
69$7,318,161$1,271,808$582,913$3,915,238
70$7,994,664$1,264,177$532,491$4,205,289
71$8,737,967$1,253,968$478,176$4,523,601
72$9,554,813$1,240,987$419,769$4,873,100
73$10,452,634$1,225,025$357,061$5,257,014
74$11,439,614$1,205,862$289,834$5,678,909
75$12,524,771$1,183,267$217,860$6,142,717
76$13,718,042$1,156,991$140,902$6,652,777
77$15,030,372$1,126,773$58,712$7,213,878
78$16,473,822$1,092,337$0$7,831,304
79$18,061,680$1,053,390$0$8,518,620
80$19,808,587$1,009,621$0$9,291,739
81$21,730,674$960,703$0$10,142,154
82$23,845,714$906,289$0$11,077,771
83$26,173,292$846,012$0$12,107,306
84$28,734,984$779,484$0$13,240,371
85$31,554,568$706,294$0$14,487,560
86$34,658,241$626,010$0$15,860,555
87$38,074,870$538,172$0$17,372,235
88$41,836,261$442,297$0$19,036,797
89$45,977,464$337,874$0$20,869,894
90$50,537,097$224,361$0$22,888,781
91$55,557,716$101,190$0$25,112,482
92$61,086,212$0$0$27,561,968
93$67,174,255$0$0$30,272,419
94$73,878,781$0$0$33,299,193
95$81,262,531$0$0$36,632,776
96$89,394,639$0$0$40,304,403
97$98,351,287$0$0$44,348,490
98$108,216,423$0$0$48,802,965
99$119,082,551$0$0$53,709,621
100$131,051,609$0$0$59,114,511