Can I retire at age 45 with 984,000?

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 $984,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$81,258$80,534$79,828$79,139$78,466$77,808
2 years$40,227$39,477$38,751$38,047$37,365$36,702
3 years$26,551$25,799$25,075$24,377$23,706$23,058
4 years$19,715$18,965$18,248$17,562$16,907$16,280
5 years$15,614$14,869$14,161$13,490$12,852$12,248
6 years$12,881$12,141$11,444$10,788$10,170$9,588
7 years$10,930$10,196$9,510$8,869$8,271$7,712
8 years$9,467$8,740$8,065$7,440$6,861$6,326
9 years$8,330$7,610$6,947$6,337$5,778$5,266
10 years$7,421$6,708$6,056$5,463$4,923$4,434
11 years$6,678$5,972$5,332$4,754$4,234$3,767
12 years$6,059$5,360$4,732$4,170$3,669$3,224
13 years$5,535$4,844$4,228$3,682$3,200$2,776
14 years$5,087$4,403$3,799$3,268$2,805$2,402
15 years$4,699$4,022$3,430$2,915$2,470$2,087
16 years$4,359$3,690$3,109$2,610$2,183$1,820
17 years$4,060$3,398$2,829$2,345$1,935$1,592
18 years$3,795$3,140$2,583$2,113$1,721$1,396
19 years$3,558$2,910$2,365$1,909$1,534$1,226
20 years$3,344$2,704$2,170$1,729$1,370$1,080
21 years$3,152$2,519$1,996$1,569$1,226$952
22 years$2,977$2,351$1,840$1,427$1,099$841
23 years$2,817$2,199$1,699$1,300$986$744
24 years$2,671$2,061$1,571$1,185$887$659
25 years$2,537$1,934$1,455$1,083$798$584
26 years$2,413$1,817$1,349$990$719$518
27 years$2,299$1,710$1,253$906$648$459
28 years$2,193$1,612$1,165$830$585$408
29 years$2,095$1,520$1,084$761$528$363
30 years$2,003$1,436$1,010$699$477$322
31 years$1,917$1,357$941$642$431$287
32 years$1,837$1,284$878$590$390$255
33 years$1,762$1,216$820$542$353$227
34 years$1,692$1,153$766$499$320$202
35 years$1,625$1,093$716$459$290$180
36 years$1,563$1,038$670$423$262$161
37 years$1,504$986$627$390$238$143
38 years$1,448$937$587$359$216$128
39 years$1,395$891$550$331$195$114
40 years$1,345$847$516$305$177$101
41 years$1,298$807$484$282$161$90
42 years$1,253$768$454$260$146$81
43 years$1,210$732$426$240$132$72
44 years$1,169$698$400$222$120$64
45 years$1,130$665$375$205$109$57
46 years$1,093$635$352$189$99$51
47 years$1,058$606$331$175$90$46
48 years$1,024$578$311$161$82$41
49 years$992$552$292$149$74$36
50 years$961$528$275$138$67$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $984,000, adding $6,132 every year, while hoping to spend $44,378 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: 66/21/13 Blend
44$984,000$984,000$984,000$984,000
45$1,090,693$1,038,541$1,023,289$1,159,029
46$1,154,726$1,042,212$1,010,351$1,209,060
47$1,223,803$1,044,575$995,493$1,257,947
48$1,298,391$1,045,520$978,603$1,310,262
49$1,379,005$1,044,928$959,564$1,366,335
50$1,466,209$1,042,675$938,255$1,426,535
51$1,560,625$1,038,628$914,548$1,491,266
52$1,662,933$1,032,646$888,311$1,560,977
53$1,773,886$1,024,579$859,402$1,636,161
54$1,894,308$1,014,269$827,678$1,717,364
55$2,025,106$1,001,547$792,984$1,805,189
56$2,167,280$986,236$755,162$1,900,301
57$2,321,927$968,146$714,045$2,003,436
58$2,490,257$947,078$669,458$2,115,406
59$2,673,598$922,820$621,220$2,237,105
60$2,873,413$895,147$569,139$2,369,524
61$3,091,314$863,822$513,018$2,513,755
62$3,329,072$828,593$452,648$2,671,004
63$3,588,639$789,195$387,813$2,842,603
64$3,872,162$745,347$318,286$3,030,020
65$4,182,004$696,751$243,831$3,234,879
66$4,520,769$643,093$164,200$3,458,970
67$4,891,323$584,039$79,136$3,704,270
68$5,296,820$519,240$0$3,972,961
69$5,740,735$448,322$0$4,269,064
70$6,226,894$370,894$0$4,605,442
71$6,759,511$286,541$0$4,974,078
72$7,343,225$194,825$0$5,378,252
73$7,983,146$95,284$0$5,821,577
74$8,684,903$0$0$6,308,039
75$9,454,695$0$0$6,844,939
76$10,299,349$0$0$7,458,276
77$11,226,387$0$0$8,131,501
78$12,244,092$0$0$8,870,638
79$13,361,591$0$0$9,682,323
80$14,588,936$0$0$10,573,866
81$15,937,200$0$0$11,553,322
82$17,418,583$0$0$12,629,561
83$19,046,525$0$0$13,812,357
84$20,835,831$0$0$15,112,477
85$22,802,813$0$0$16,541,784
86$24,965,442$0$0$18,113,348
87$27,343,516$0$0$19,841,567
88$29,958,849$0$0$21,742,304
89$32,835,474$0$0$23,833,039
90$35,999,871$0$0$26,133,029
91$39,481,215$0$0$28,663,493
92$43,311,650$0$0$31,447,807
93$47,526,595$0$0$34,511,732
94$52,165,075$0$0$37,883,649
95$57,270,090$0$0$41,594,831
96$62,889,017$0$0$45,679,735
97$69,074,062$0$0$50,176,330
98$75,882,749$0$0$55,126,452
99$83,378,460$0$0$60,576,198
100$91,631,037$0$0$66,576,364