Can I retire at age 45 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$81,093$80,370$79,666$78,978$78,306$75,438
2 years$40,145$39,397$38,673$37,970$37,289$34,431
3 years$26,497$25,747$25,024$24,328$23,657$20,900
4 years$19,675$18,926$18,211$17,527$16,873$14,237
5 years$15,583$14,839$14,132$13,462$12,826$10,318
6 years$12,855$12,117$11,421$10,766$10,149$7,771
7 years$10,908$10,176$9,491$8,851$8,254$6,005
8 years$9,448$8,722$8,049$7,425$6,847$4,726
9 years$8,313$7,594$6,933$6,325$5,767$3,770
10 years$7,406$6,694$6,044$5,452$4,913$3,038
11 years$6,664$5,959$5,321$4,745$4,226$2,467
12 years$6,046$5,349$4,722$4,162$3,662$2,016
13 years$5,524$4,834$4,219$3,674$3,193$1,656
14 years$5,077$4,394$3,791$3,262$2,799$1,365
15 years$4,689$4,014$3,423$2,909$2,465$1,129
16 years$4,351$3,683$3,103$2,604$2,178$936
17 years$4,052$3,392$2,824$2,340$1,931$778
18 years$3,787$3,134$2,578$2,109$1,717$648
19 years$3,550$2,904$2,360$1,906$1,531$540
20 years$3,338$2,699$2,166$1,726$1,367$451
21 years$3,145$2,514$1,992$1,566$1,223$376
22 years$2,971$2,347$1,836$1,424$1,097$315
23 years$2,811$2,195$1,695$1,297$984$263
24 years$2,666$2,056$1,568$1,183$885$220
25 years$2,532$1,930$1,452$1,080$796$185
26 years$2,408$1,814$1,347$988$717$155
27 years$2,294$1,707$1,251$904$647$130
28 years$2,189$1,608$1,163$828$583$109
29 years$2,090$1,517$1,082$760$527$91
30 years$1,999$1,433$1,008$697$476$76
31 years$1,913$1,355$939$640$430$64
32 years$1,834$1,282$877$588$389$54
33 years$1,759$1,214$818$541$352$45
34 years$1,688$1,150$765$498$319$38
35 years$1,622$1,091$715$458$289$32
36 years$1,560$1,036$669$422$262$27
37 years$1,501$984$626$389$237$22
38 years$1,445$935$586$358$215$19
39 years$1,392$889$549$331$195$16
40 years$1,343$846$515$305$177$13
41 years$1,295$805$483$281$161$11
42 years$1,250$767$453$260$146$9
43 years$1,207$731$425$240$132$8
44 years$1,167$696$399$221$120$7
45 years$1,128$664$374$204$109$6
46 years$1,091$633$352$189$99$5
47 years$1,056$605$330$174$90$4
48 years$1,022$577$311$161$82$3
49 years$990$551$292$149$74$3
50 years$959$526$274$138$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $982,000, adding $6,370 every year, while hoping to spend $39,824 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: 67/24/9 Blend
44$982,000$982,000$982,000$982,000
45$1,088,735$1,036,689$1,021,468$1,159,319
46$1,157,413$1,045,114$1,013,314$1,215,458
47$1,231,762$1,052,617$1,003,553$1,271,444
48$1,312,318$1,059,112$992,088$1,331,605
49$1,399,670$1,064,504$978,819$1,396,342
50$1,494,468$1,068,696$963,641$1,466,100
51$1,597,423$1,071,582$946,443$1,541,369
52$1,709,322$1,073,051$927,110$1,622,689
53$1,831,027$1,072,984$905,522$1,710,657
54$1,963,487$1,071,256$881,552$1,805,931
55$2,107,747$1,067,732$855,069$1,909,236
56$2,264,957$1,062,271$825,934$2,021,373
57$2,436,383$1,054,722$794,003$2,143,224
58$2,623,417$1,044,927$759,125$2,275,764
59$2,827,592$1,032,714$721,142$2,420,068
60$3,050,595$1,017,906$679,889$2,577,321
61$3,294,284$1,000,312$635,193$2,748,831
62$3,560,704$979,730$586,875$2,936,040
63$3,852,106$955,947$534,746$3,140,540
64$4,170,970$928,738$478,609$3,364,086
65$4,520,026$897,863$418,259$3,608,615
66$4,902,279$863,069$353,482$3,876,263
67$5,321,040$824,088$284,052$4,169,385
68$5,779,955$780,637$209,736$4,490,581
69$6,283,039$732,416$130,290$4,842,718
70$6,834,713$679,108$45,459$5,228,956
71$7,439,848$620,379$0$5,652,783
72$8,103,808$555,874$0$6,122,373
73$8,832,504$485,218$0$6,642,580
74$9,632,442$408,017$0$7,213,740
75$10,510,794$323,852$0$7,841,041
76$11,475,456$232,283$0$8,530,204
77$12,535,130$132,841$0$9,287,535
78$13,699,399$25,037$0$10,119,986
79$14,978,823$0$0$11,035,223
80$16,385,034$0$0$12,065,901
81$17,930,847$0$0$13,206,234
82$19,630,381$0$0$14,460,034
83$21,499,191$0$0$15,838,784
84$23,554,415$0$0$17,355,138
85$25,814,934$0$0$19,023,035
86$28,301,552$0$0$20,857,834
87$31,037,191$0$0$22,876,457
88$34,047,104$0$0$25,097,551
89$37,359,118$0$0$27,541,659
90$41,003,893$0$0$30,231,416
91$45,015,210$0$0$33,191,765
92$49,430,293$0$0$36,450,187
93$54,290,155$0$0$40,036,964
94$59,639,989$0$0$43,985,460
95$65,529,592$0$0$48,332,442
96$72,013,834$0$0$53,118,420
97$79,153,175$0$0$58,388,035
98$87,014,238$0$0$64,190,474
99$95,670,434$0$0$70,579,937
100$105,202,655$0$0$77,616,150