Can I retire at age 45 with 987,000?

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 $987,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$81,506$80,780$80,071$79,380$78,705$77,084
2 years$40,349$39,598$38,870$38,163$37,478$35,853
3 years$26,632$25,878$25,151$24,452$23,778$22,198
4 years$19,775$19,023$18,304$17,616$16,959$15,437
5 years$15,662$14,914$14,204$13,531$12,892$11,433
6 years$12,921$12,178$11,479$10,821$10,201$8,806
7 years$10,963$10,227$9,539$8,896$8,296$6,965
8 years$9,496$8,767$8,090$7,463$6,882$5,616
9 years$8,356$7,633$6,968$6,357$5,796$4,592
10 years$7,444$6,728$6,075$5,480$4,938$3,797
11 years$6,698$5,990$5,348$4,769$4,247$3,166
12 years$6,077$5,376$4,746$4,183$3,680$2,658
13 years$5,552$4,858$4,241$3,693$3,209$2,244
14 years$5,102$4,416$3,810$3,278$2,813$1,903
15 years$4,713$4,034$3,440$2,924$2,477$1,620
16 years$4,373$3,701$3,119$2,618$2,189$1,383
17 years$4,073$3,409$2,838$2,352$1,941$1,185
18 years$3,806$3,150$2,591$2,120$1,726$1,016
19 years$3,568$2,919$2,372$1,915$1,538$874
20 years$3,355$2,713$2,177$1,735$1,374$752
21 years$3,161$2,527$2,002$1,574$1,230$649
22 years$2,986$2,359$1,845$1,431$1,102$560
23 years$2,826$2,206$1,704$1,304$989$484
24 years$2,679$2,067$1,576$1,189$889$419
25 years$2,545$1,940$1,459$1,086$800$362
26 years$2,421$1,823$1,354$993$721$314
27 years$2,306$1,716$1,257$909$650$272
28 years$2,200$1,617$1,168$833$586$236
29 years$2,101$1,525$1,087$764$530$204
30 years$2,009$1,440$1,013$701$478$177
31 years$1,923$1,362$944$644$433$154
32 years$1,843$1,288$881$591$391$134
33 years$1,768$1,220$823$544$354$116
34 years$1,697$1,156$769$500$321$101
35 years$1,630$1,097$719$461$290$87
36 years$1,568$1,041$672$424$263$76
37 years$1,508$989$629$391$238$66
38 years$1,452$940$589$360$216$57
39 years$1,400$893$552$332$196$50
40 years$1,349$850$517$306$178$43
41 years$1,302$809$485$283$161$38
42 years$1,257$771$455$261$146$33
43 years$1,214$734$427$241$133$28
44 years$1,173$700$401$222$121$25
45 years$1,134$667$376$205$109$22
46 years$1,097$637$354$190$99$19
47 years$1,061$608$332$175$90$16
48 years$1,027$580$312$162$82$14
49 years$995$554$293$150$74$12
50 years$964$529$276$138$68$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $987,000, adding $2,558 every year, while hoping to spend $28,804 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: 80/11/9 Blend
44$987,000$987,000$987,000$987,000
45$1,090,313$1,038,002$1,022,703$1,175,884
46$1,170,877$1,058,216$1,026,316$1,252,574
47$1,258,694$1,078,456$1,029,085$1,332,673
48$1,354,472$1,098,692$1,030,951$1,419,710
49$1,458,993$1,118,893$1,031,853$1,514,362
50$1,573,115$1,139,023$1,031,725$1,617,379
51$1,697,785$1,159,047$1,030,499$1,729,583
52$1,834,044$1,178,925$1,028,106$1,851,881
53$1,983,038$1,198,615$1,024,469$1,985,273
54$2,146,030$1,218,069$1,019,511$2,130,858
55$2,324,411$1,237,240$1,013,150$2,289,850
56$2,519,709$1,256,073$1,005,299$2,463,583
57$2,733,612$1,274,513$995,869$2,653,529
58$2,967,975$1,292,499$984,766$2,861,309
59$3,224,843$1,309,966$971,889$3,088,707
60$3,506,466$1,326,843$957,137$3,337,691
61$3,815,324$1,343,057$940,400$3,610,429
62$4,154,149$1,358,529$921,565$3,909,308
63$4,525,948$1,373,173$900,513$4,236,961
64$4,934,035$1,386,899$877,121$4,596,286
65$5,382,060$1,399,610$851,258$4,990,477
66$5,874,043$1,411,204$822,788$5,423,056
67$6,414,414$1,421,571$791,569$5,897,900
68$7,008,050$1,430,594$757,453$6,419,285
69$7,660,327$1,438,149$720,284$6,991,919
70$8,377,167$1,444,105$679,899$7,620,993
71$9,165,092$1,448,320$636,130$8,312,226
72$10,031,289$1,450,645$588,798$9,071,920
73$10,983,676$1,450,922$537,718$9,907,019
74$12,030,976$1,448,983$482,697$10,825,178
75$13,182,801$1,444,648$423,532$11,834,830
76$14,449,738$1,437,727$360,012$12,945,269
77$15,843,455$1,428,019$291,916$14,166,736
78$17,376,806$1,415,311$219,014$15,510,518
79$19,063,955$1,399,376$141,066$16,989,054
80$20,920,506$1,379,973$57,819$18,616,049
81$22,963,654$1,356,848$0$20,406,609
82$25,212,345$1,329,732$0$22,380,359
83$27,687,454$1,298,339$0$24,558,784
84$30,411,983$1,262,366$0$26,956,569
85$33,411,277$1,221,493$0$29,596,020
86$36,713,262$1,175,382$0$32,501,720
87$40,348,713$1,123,673$0$35,700,757
88$44,351,536$1,065,988$0$39,222,979
89$48,759,096$1,001,924$0$43,101,281
90$53,612,563$931,058$0$47,371,909
91$58,957,306$852,941$0$52,074,809
92$64,843,314$767,098$0$57,253,997
93$71,325,675$673,029$0$62,957,979
94$78,465,089$570,203$0$69,240,209
95$86,328,445$458,060$0$76,159,591
96$94,989,452$336,010$0$83,781,038
97$104,529,329$203,428$0$92,176,082
98$115,037,579$59,654$0$101,423,551
99$126,612,828$0$0$111,610,314
100$139,363,757$0$0$122,843,720