Can I retire at age 45 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$81,010$80,288$79,584$78,897$78,226$75,511
2 years$40,104$39,357$38,633$37,931$37,251$34,543
3 years$26,470$25,720$24,998$24,303$23,633$21,018
4 years$19,655$18,907$18,192$17,509$16,855$14,353
5 years$15,567$14,823$14,118$13,449$12,813$10,431
6 years$12,842$12,104$11,409$10,755$10,139$7,877
7 years$10,897$10,165$9,481$8,842$8,245$6,105
8 years$9,438$8,714$8,041$7,418$6,840$4,819
9 years$8,305$7,587$6,926$6,318$5,761$3,856
10 years$7,398$6,687$6,038$5,446$4,908$3,117
11 years$6,657$5,953$5,316$4,740$4,221$2,540
12 years$6,040$5,343$4,718$4,157$3,658$2,082
13 years$5,518$4,829$4,215$3,670$3,190$1,716
14 years$5,071$4,389$3,787$3,258$2,796$1,420
15 years$4,684$4,010$3,419$2,906$2,462$1,178
16 years$4,346$3,679$3,100$2,602$2,176$981
17 years$4,048$3,388$2,821$2,338$1,929$818
18 years$3,783$3,131$2,575$2,107$1,716$683
19 years$3,547$2,902$2,357$1,904$1,529$572
20 years$3,334$2,696$2,163$1,724$1,366$479
21 years$3,142$2,511$1,990$1,565$1,222$402
22 years$2,968$2,344$1,834$1,423$1,096$337
23 years$2,808$2,193$1,693$1,296$983$283
24 years$2,663$2,054$1,566$1,182$884$238
25 years$2,529$1,928$1,451$1,079$795$200
26 years$2,406$1,812$1,345$987$716$168
27 years$2,292$1,705$1,249$903$646$142
28 years$2,186$1,607$1,161$828$583$119
29 years$2,088$1,516$1,081$759$526$100
30 years$1,997$1,432$1,007$696$476$85
31 years$1,912$1,353$938$640$430$71
32 years$1,832$1,280$876$588$389$60
33 years$1,757$1,213$818$541$352$51
34 years$1,687$1,149$764$497$319$43
35 years$1,620$1,090$714$458$289$36
36 years$1,558$1,035$668$422$262$30
37 years$1,499$983$625$389$237$26
38 years$1,444$934$586$358$215$22
39 years$1,391$888$549$330$195$18
40 years$1,341$845$514$305$177$15
41 years$1,294$804$482$281$160$13
42 years$1,249$766$452$259$146$11
43 years$1,206$730$424$239$132$9
44 years$1,166$696$398$221$120$8
45 years$1,127$663$374$204$109$7
46 years$1,090$633$351$189$99$5
47 years$1,055$604$330$174$90$5
48 years$1,021$577$310$161$81$4
49 years$989$551$292$149$74$3
50 years$958$526$274$138$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $981,000, adding $3,564 every year, while hoping to spend $54,767 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: 42/48/10 Blend
44$981,000$981,000$981,000$981,000
45$1,084,738$1,032,745$1,017,540$1,126,975
46$1,137,110$1,025,078$993,356$1,149,173
47$1,192,988$1,015,200$966,526$1,167,416
48$1,252,672$1,002,944$936,904$1,185,940
49$1,316,491$988,135$904,337$1,204,792
50$1,384,805$970,585$868,664$1,224,027
51$1,458,009$950,097$829,718$1,243,713
52$1,536,536$926,463$787,324$1,263,926
53$1,620,862$899,459$741,298$1,284,756
54$1,711,509$868,851$691,451$1,306,306
55$1,809,049$834,391$637,581$1,328,697
56$1,914,112$795,816$579,479$1,352,065
57$2,027,388$752,848$516,929$1,376,569
58$2,149,637$705,192$449,701$1,402,387
59$2,281,692$652,538$377,558$1,429,724
60$2,424,469$594,558$300,251$1,458,814
61$2,578,976$530,902$217,520$1,489,922
62$2,746,320$461,205$129,095$1,523,346
63$2,927,718$385,077$34,693$1,559,427
64$3,124,508$302,109$0$1,598,545
65$3,338,164$211,868$0$1,648,182
66$3,570,303$113,896$0$1,706,183
67$3,822,708$7,711$0$1,769,425
68$4,097,337$0$0$1,838,557
69$4,396,347$0$0$1,970,927
70$4,722,109$0$0$2,119,691
71$5,077,236$0$0$2,281,982
72$5,464,600$0$0$2,459,129
73$5,887,364$0$0$2,652,592
74$6,349,009$0$0$2,863,982
75$6,853,368$0$0$3,095,070
76$7,404,659$0$0$3,347,806
77$8,007,528$0$0$3,624,337
78$8,667,088$0$0$3,927,030
79$9,388,972$0$0$4,258,486
80$10,179,379$0$0$4,621,575
81$11,045,140$0$0$5,019,453
82$11,993,773$0$0$5,455,599
83$13,033,560$0$0$5,933,843
84$14,173,623$0$0$6,458,403
85$15,424,008$0$0$7,033,927
86$16,795,779$0$0$7,665,533
87$18,301,125$0$0$8,358,858
88$19,953,469$0$0$9,120,112
89$21,767,600$0$0$9,956,137
90$23,759,806$0$0$10,874,469
91$25,948,033$0$0$11,883,408
92$28,352,048$0$0$12,992,101
93$30,993,627$0$0$14,210,624
94$33,896,763$0$0$15,550,075
95$37,087,885$0$0$17,022,685
96$40,596,111$0$0$18,641,926
97$44,453,522$0$0$20,422,641
98$48,695,461$0$0$22,381,185
99$53,360,871$0$0$24,535,577
100$58,492,655$0$0$26,905,670