Can I retire at age 45 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$81,423$80,698$79,990$79,299$78,625$76,912
2 years$40,308$39,558$38,830$38,125$37,440$35,723
3 years$26,605$25,851$25,126$24,427$23,754$22,086
4 years$19,755$19,004$18,285$17,598$16,941$15,336
5 years$15,646$14,899$14,190$13,517$12,879$11,340
6 years$12,908$12,166$11,468$10,810$10,190$8,720
7 years$10,952$10,217$9,530$8,887$8,288$6,886
8 years$9,487$8,758$8,082$7,455$6,875$5,542
9 years$8,347$7,625$6,961$6,350$5,790$4,524
10 years$7,436$6,721$6,069$5,474$4,933$3,733
11 years$6,691$5,984$5,343$4,764$4,243$3,107
12 years$6,071$5,371$4,742$4,179$3,677$2,603
13 years$5,546$4,853$4,236$3,689$3,206$2,193
14 years$5,097$4,412$3,806$3,275$2,811$1,856
15 years$4,708$4,030$3,437$2,921$2,475$1,577
16 years$4,368$3,698$3,116$2,615$2,187$1,344
17 years$4,069$3,405$2,835$2,350$1,939$1,148
18 years$3,803$3,147$2,588$2,117$1,724$983
19 years$3,565$2,916$2,369$1,913$1,537$843
20 years$3,351$2,710$2,174$1,733$1,373$725
21 years$3,158$2,524$2,000$1,573$1,228$623
22 years$2,983$2,356$1,843$1,430$1,101$537
23 years$2,823$2,204$1,702$1,302$988$463
24 years$2,676$2,065$1,574$1,188$888$399
25 years$2,542$1,938$1,458$1,085$799$345
26 years$2,418$1,821$1,352$992$720$298
27 years$2,304$1,714$1,256$908$649$257
28 years$2,198$1,615$1,167$832$586$223
29 years$2,099$1,524$1,086$763$529$193
30 years$2,007$1,439$1,012$700$478$167
31 years$1,921$1,360$943$643$432$144
32 years$1,841$1,287$880$591$391$125
33 years$1,766$1,219$822$543$354$108
34 years$1,695$1,155$768$500$320$94
35 years$1,629$1,096$718$460$290$81
36 years$1,566$1,040$672$424$263$70
37 years$1,507$988$629$391$238$61
38 years$1,451$939$589$360$216$53
39 years$1,398$893$551$332$196$46
40 years$1,348$849$517$306$178$40
41 years$1,300$808$485$282$161$34
42 years$1,255$770$455$261$146$30
43 years$1,212$734$427$241$133$26
44 years$1,172$699$400$222$120$22
45 years$1,133$667$376$205$109$19
46 years$1,095$636$353$190$99$17
47 years$1,060$607$332$175$90$15
48 years$1,026$579$312$162$82$13
49 years$994$553$293$150$74$11
50 years$963$529$276$138$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $986,000, adding $4,419 every year, while hoping to spend $45,558 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: 81/14/5 Blend
44$986,000$986,000$986,000$986,000
45$1,091,130$1,038,872$1,023,589$1,179,012
46$1,153,952$1,041,304$1,009,406$1,239,546
47$1,221,655$1,042,327$993,221$1,299,432
48$1,294,688$1,041,826$974,919$1,363,748
49$1,373,547$1,039,676$954,378$1,432,909
50$1,458,773$1,035,744$931,474$1,507,375
51$1,550,963$1,029,891$906,074$1,587,652
52$1,650,774$1,021,968$878,041$1,674,296
53$1,758,927$1,011,818$847,229$1,767,919
54$1,876,214$999,274$813,487$1,869,199
55$2,003,507$984,158$776,658$1,978,879
56$2,141,766$966,282$736,577$2,097,779
57$2,292,045$945,449$693,071$2,226,803
58$2,455,504$921,447$645,960$2,366,947
59$2,633,421$894,054$595,056$2,519,308
60$2,827,201$863,033$540,161$2,685,095
61$3,038,389$828,135$481,070$2,865,642
62$3,268,687$789,096$417,567$3,062,417
63$3,519,967$745,635$349,430$3,277,040
64$3,794,291$697,459$276,423$3,511,295
65$4,093,927$644,253$198,302$3,767,148
66$4,421,374$585,687$114,811$4,046,770
67$4,779,381$521,413$25,684$4,352,548
68$5,170,976$451,061$0$4,687,117
69$5,599,493$374,240$0$5,057,086
70$6,068,602$290,539$0$5,463,653
71$6,582,347$199,523$0$5,908,992
72$7,145,178$100,731$0$6,397,008
73$7,761,998$0$0$6,932,007
74$8,438,206$0$0$7,519,707
75$9,179,748$0$0$8,181,232
76$9,993,175$0$0$8,906,910
77$10,885,699$0$0$9,703,179
78$11,865,267$0$0$10,577,132
79$12,940,632$0$0$11,536,582
80$14,121,434$0$0$12,590,134
81$15,418,296$0$0$13,747,268
82$16,842,917$0$0$15,018,427
83$18,408,185$0$0$16,415,116
84$20,128,301$0$0$17,950,009
85$22,018,906$0$0$19,637,069
86$24,097,235$0$0$21,491,677
87$26,382,275$0$0$23,530,782
88$28,894,942$0$0$25,773,055
89$31,658,285$0$0$28,239,066
90$34,697,694$0$0$30,951,482
91$38,041,146$0$0$33,935,272
92$41,719,465$0$0$37,217,952
93$45,766,614$0$0$40,829,835
94$50,220,013$0$0$44,804,323
95$55,120,892$0$0$49,178,219
96$60,514,682$0$0$53,992,075
97$66,451,439$0$0$59,290,570
98$72,986,320$0$0$65,122,937
99$80,180,098$0$0$71,543,426
100$88,099,741$0$0$78,611,809