Can I retire at age 45 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$81,175$80,452$79,747$79,058$78,386$75,305
2 years$40,186$39,437$38,712$38,009$37,327$34,261
3 years$26,524$25,773$25,049$24,353$23,682$20,727
4 years$19,695$18,946$18,229$17,545$16,890$14,069
5 years$15,599$14,854$14,147$13,476$12,839$10,159
6 years$12,868$12,129$11,433$10,777$10,159$7,622
7 years$10,919$10,186$9,501$8,860$8,262$5,867
8 years$9,458$8,731$8,057$7,433$6,854$4,598
9 years$8,322$7,602$6,940$6,331$5,772$3,652
10 years$7,413$6,701$6,050$5,457$4,918$2,930
11 years$6,671$5,965$5,327$4,750$4,230$2,369
12 years$6,052$5,354$4,727$4,166$3,666$1,927
13 years$5,530$4,839$4,223$3,678$3,196$1,575
14 years$5,082$4,398$3,795$3,265$2,802$1,292
15 years$4,694$4,018$3,426$2,912$2,467$1,063
16 years$4,355$3,686$3,106$2,607$2,180$877
17 years$4,056$3,395$2,827$2,342$1,933$725
18 years$3,791$3,137$2,580$2,111$1,719$600
19 years$3,554$2,907$2,362$1,907$1,532$498
20 years$3,341$2,702$2,168$1,728$1,369$413
21 years$3,148$2,517$1,994$1,568$1,225$343
22 years$2,974$2,349$1,838$1,426$1,098$286
23 years$2,814$2,197$1,697$1,298$985$238
24 years$2,668$2,059$1,569$1,184$886$198
25 years$2,534$1,932$1,454$1,081$797$165
26 years$2,411$1,816$1,348$989$718$137
27 years$2,297$1,709$1,252$905$647$114
28 years$2,191$1,610$1,164$829$584$95
29 years$2,093$1,519$1,083$760$527$80
30 years$2,001$1,434$1,009$698$477$66
31 years$1,915$1,356$940$641$431$55
32 years$1,835$1,283$877$589$390$46
33 years$1,760$1,215$819$542$353$39
34 years$1,690$1,152$765$498$319$32
35 years$1,624$1,092$716$459$289$27
36 years$1,561$1,037$669$423$262$22
37 years$1,502$985$627$389$238$19
38 years$1,447$936$587$359$215$16
39 years$1,394$890$550$331$195$13
40 years$1,344$847$515$305$177$11
41 years$1,297$806$483$282$161$9
42 years$1,252$768$453$260$146$8
43 years$1,209$731$425$240$132$6
44 years$1,168$697$399$221$120$5
45 years$1,129$665$375$205$109$4
46 years$1,092$634$352$189$99$4
47 years$1,057$605$331$175$90$3
48 years$1,023$578$311$161$82$3
49 years$991$552$292$149$74$2
50 years$960$527$275$138$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $983,000, adding $4,209 every year, while hoping to spend $39,467 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: 43/45/12 Blend
44$983,000$983,000$983,000$983,000
45$1,087,608$1,035,509$1,020,272$1,130,416
46$1,156,551$1,044,256$1,012,459$1,169,486
47$1,231,204$1,052,109$1,003,061$1,207,495
48$1,312,107$1,058,983$991,983$1,247,798
49$1,399,855$1,064,786$979,128$1,290,621
50$1,495,101$1,069,421$964,389$1,336,217
51$1,598,565$1,072,786$947,660$1,384,863
52$1,711,037$1,074,772$928,826$1,436,868
53$1,833,389$1,075,261$907,767$1,492,576
54$1,966,576$1,074,131$884,359$1,552,367
55$2,111,654$1,071,251$858,472$1,616,662
56$2,269,781$1,066,480$829,969$1,685,927
57$2,442,233$1,059,672$798,708$1,760,681
58$2,630,415$1,050,670$764,538$1,841,496
59$2,835,872$1,039,307$727,305$1,929,006
60$3,060,306$1,025,409$686,845$2,023,916
61$3,305,590$1,008,787$642,987$2,127,004
62$3,573,787$989,244$595,554$2,239,131
63$3,867,167$966,571$544,359$2,361,253
64$4,188,232$940,546$489,208$2,494,424
65$4,539,733$910,934$429,898$2,639,814
66$4,924,702$877,487$366,217$2,798,716
67$5,346,479$839,941$297,942$2,972,560
68$5,808,740$798,018$224,843$3,162,929
69$6,315,535$751,425$146,679$3,371,573
70$6,871,323$699,848$63,196$3,600,428
71$7,481,017$642,960$0$3,851,632
72$8,150,028$580,412$0$4,130,868
73$8,884,315$511,836$0$4,446,286
74$9,690,444$436,845$0$4,792,713
75$10,575,645$355,026$0$5,173,382
76$11,547,885$265,947$0$5,591,862
77$12,615,940$169,149$0$6,052,095
78$13,789,477$64,148$0$6,558,435
79$15,079,146$0$0$7,115,685
80$16,496,680$0$0$7,753,697
81$18,055,006$0$0$8,490,127
82$19,768,364$0$0$9,299,958
83$21,652,445$0$0$10,190,623
84$23,724,535$0$0$11,170,311
85$26,003,680$0$0$12,248,045
86$28,510,863$0$0$13,433,767
87$31,269,206$0$0$14,738,429
88$34,304,182$0$0$16,174,100
89$37,643,860$0$0$17,754,080
90$41,319,165$0$0$19,493,019
91$45,364,174$0$0$21,407,062
92$49,816,432$0$0$23,514,000
93$54,717,313$0$0$25,833,432
94$60,112,400$0$0$28,386,959
95$66,051,925$0$0$31,198,378
96$72,591,236$0$0$34,293,915
97$79,791,320$0$0$37,702,465
98$87,719,379$0$0$41,455,871
99$96,449,464$0$0$45,589,218
100$106,063,174$0$0$50,141,169