Can I retire at age 45 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$81,671$80,943$80,233$79,541$78,864$77,782
2 years$40,431$39,678$38,948$38,241$37,554$36,466
3 years$26,686$25,930$25,202$24,501$23,826$22,765
4 years$19,815$19,061$18,341$17,652$16,993$15,968
5 years$15,694$14,944$14,233$13,558$12,918$11,932
6 years$12,947$12,203$11,502$10,843$10,221$9,275
7 years$10,986$10,248$9,559$8,914$8,313$7,407
8 years$9,515$8,785$8,106$7,478$6,896$6,031
9 years$8,373$7,649$6,982$6,370$5,808$4,982
10 years$7,459$6,742$6,087$5,491$4,948$4,162
11 years$6,712$6,002$5,359$4,779$4,256$3,508
12 years$6,089$5,387$4,756$4,191$3,688$2,977
13 years$5,563$4,868$4,249$3,700$3,216$2,542
14 years$5,113$4,425$3,818$3,285$2,819$2,181
15 years$4,723$4,042$3,447$2,929$2,482$1,878
16 years$4,382$3,709$3,125$2,623$2,194$1,623
17 years$4,081$3,416$2,844$2,357$1,945$1,407
18 years$3,814$3,156$2,596$2,124$1,730$1,222
19 years$3,576$2,925$2,377$1,919$1,542$1,064
20 years$3,361$2,718$2,181$1,738$1,377$928
21 years$3,168$2,532$2,006$1,577$1,232$810
22 years$2,992$2,363$1,849$1,434$1,104$709
23 years$2,831$2,210$1,707$1,306$991$620
24 years$2,685$2,071$1,579$1,191$891$544
25 years$2,550$1,944$1,462$1,088$802$477
26 years$2,426$1,827$1,356$995$722$419
27 years$2,311$1,719$1,259$911$651$368
28 years$2,204$1,620$1,171$834$588$323
29 years$2,105$1,528$1,090$765$531$284
30 years$2,013$1,443$1,015$702$479$250
31 years$1,927$1,364$946$645$433$220
32 years$1,847$1,291$883$593$392$194
33 years$1,771$1,223$824$545$355$171
34 years$1,700$1,159$770$501$321$150
35 years$1,634$1,099$720$462$291$132
36 years$1,571$1,043$674$425$264$117
37 years$1,511$991$630$392$239$103
38 years$1,455$942$590$361$217$91
39 years$1,402$895$553$333$196$80
40 years$1,352$852$518$307$178$71
41 years$1,304$811$486$283$162$62
42 years$1,259$772$456$261$147$55
43 years$1,216$736$428$241$133$48
44 years$1,175$701$402$223$121$43
45 years$1,136$669$377$206$110$38
46 years$1,099$638$354$190$100$33
47 years$1,063$609$333$176$90$29
48 years$1,029$581$313$162$82$26
49 years$997$555$294$150$75$23
50 years$966$530$276$139$68$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $989,000, adding $4,746 every year, while hoping to spend $34,873 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: 53/37/10 Blend
44$989,000$989,000$989,000$989,000
45$1,094,773$1,042,356$1,027,027$1,149,757
46$1,169,336$1,056,327$1,024,328$1,201,622
47$1,250,335$1,069,814$1,020,369$1,253,844
48$1,338,390$1,082,756$1,015,073$1,309,840
49$1,434,183$1,095,088$1,008,355$1,369,975
50$1,538,464$1,106,742$1,000,130$1,434,652
51$1,652,059$1,117,644$990,305$1,504,314
52$1,775,876$1,127,715$978,787$1,579,452
53$1,910,914$1,136,872$965,475$1,660,607
54$2,058,274$1,145,025$950,265$1,748,376
55$2,219,166$1,152,080$933,048$1,843,419
56$2,394,925$1,157,936$913,709$1,946,463
57$2,587,017$1,162,484$892,128$2,058,312
58$2,797,058$1,165,612$868,180$2,179,852
59$3,026,828$1,167,197$841,734$2,312,061
60$3,278,285$1,167,110$812,653$2,456,020
61$3,553,587$1,165,215$780,793$2,612,921
62$3,855,108$1,161,366$746,005$2,784,079
63$4,185,465$1,155,409$708,132$2,970,946
64$4,547,538$1,147,179$667,009$3,175,123
65$4,944,499$1,136,504$622,467$3,398,380
66$5,379,844$1,123,198$574,325$3,642,667
67$5,857,421$1,107,067$522,398$3,910,137
68$6,381,468$1,087,905$466,489$4,203,166
69$6,956,656$1,065,490$406,395$4,524,374
70$7,588,128$1,039,592$341,902$4,876,655
71$8,281,550$1,009,965$272,788$5,263,199
72$9,043,163$976,348$198,822$5,687,526
73$9,879,843$938,466$119,759$6,153,521
74$10,799,164$896,028$35,348$6,665,468
75$11,809,470$848,725$0$7,228,094
76$12,919,954$796,231$0$7,852,453
77$14,140,744$738,201$0$8,542,862
78$15,482,998$674,271$0$9,301,921
79$16,959,009$604,055$0$10,136,659
80$18,582,320$527,145$0$11,054,829
81$20,367,854$443,113$0$12,064,979
82$22,332,051$351,502$0$13,176,535
83$24,493,027$251,832$0$14,399,890
84$26,870,741$143,596$0$15,746,506
85$29,487,183$26,259$0$17,229,017
86$32,366,584$0$0$18,861,357
87$35,535,643$0$0$20,699,905
88$39,023,778$0$0$22,735,451
89$42,863,402$0$0$24,976,234
90$47,090,234$0$0$27,443,112
91$51,743,627$0$0$30,159,070
92$56,866,947$0$0$33,149,434
93$62,507,978$0$0$36,442,110
94$68,719,373$0$0$40,067,849
95$75,559,151$0$0$44,060,535
96$83,091,244$0$0$48,457,508
97$91,386,100$0$0$53,299,909
98$100,521,348$0$0$58,633,077
99$110,582,527$0$0$64,506,971
100$121,663,899$0$0$70,976,641