Can I retire at age 45 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$81,753$81,025$80,315$79,621$78,944$77,829
2 years$40,472$39,718$38,988$38,279$37,592$36,471
3 years$26,713$25,956$25,228$24,526$23,850$22,757
4 years$19,835$19,081$18,359$17,670$17,010$15,954
5 years$15,710$14,959$14,248$13,572$12,931$11,915
6 years$12,960$12,215$11,514$10,854$10,232$9,257
7 years$10,997$10,259$9,568$8,923$8,321$7,388
8 years$9,525$8,793$8,115$7,486$6,903$6,012
9 years$8,381$7,656$6,989$6,376$5,813$4,964
10 years$7,466$6,749$6,093$5,496$4,953$4,144
11 years$6,718$6,008$5,364$4,783$4,260$3,490
12 years$6,095$5,392$4,761$4,196$3,692$2,961
13 years$5,569$4,873$4,253$3,704$3,219$2,526
14 years$5,118$4,430$3,822$3,288$2,822$2,166
15 years$4,727$4,046$3,451$2,932$2,485$1,864
16 years$4,386$3,713$3,128$2,626$2,196$1,610
17 years$4,085$3,419$2,847$2,359$1,947$1,394
18 years$3,818$3,159$2,599$2,126$1,731$1,210
19 years$3,579$2,928$2,379$1,921$1,543$1,053
20 years$3,365$2,721$2,183$1,740$1,378$917
21 years$3,171$2,534$2,008$1,579$1,233$801
22 years$2,995$2,366$1,851$1,436$1,106$700
23 years$2,834$2,213$1,709$1,308$992$612
24 years$2,687$2,073$1,581$1,193$892$536
25 years$2,552$1,946$1,464$1,089$803$470
26 years$2,428$1,829$1,358$996$723$412
27 years$2,313$1,721$1,261$912$652$362
28 years$2,206$1,622$1,172$835$588$318
29 years$2,107$1,530$1,091$766$531$279
30 years$2,015$1,445$1,016$703$480$245
31 years$1,929$1,366$947$646$434$216
32 years$1,848$1,292$884$593$392$190
33 years$1,773$1,224$825$546$355$167
34 years$1,702$1,160$771$502$322$147
35 years$1,635$1,100$721$462$291$129
36 years$1,572$1,044$674$426$264$114
37 years$1,513$992$631$392$239$100
38 years$1,457$942$591$361$217$88
39 years$1,404$896$554$333$197$78
40 years$1,353$853$519$307$178$69
41 years$1,306$812$487$284$162$60
42 years$1,260$773$456$262$147$53
43 years$1,217$737$428$242$133$47
44 years$1,176$702$402$223$121$41
45 years$1,137$669$378$206$110$36
46 years$1,100$639$355$190$100$32
47 years$1,064$609$333$176$91$28
48 years$1,030$582$313$162$82$25
49 years$998$556$294$150$75$22
50 years$967$531$277$139$68$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $990,000, adding $5,385 every year, while hoping to spend $43,298 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: 26/48/26 Blend
44$990,000$990,000$990,000$990,000
45$1,096,535$1,044,065$1,028,720$1,115,987
46$1,162,312$1,049,155$1,017,113$1,137,311
47$1,233,348$1,053,044$1,003,666$1,156,095
48$1,310,133$1,055,626$988,272$1,175,347
49$1,393,206$1,056,791$970,819$1,195,136
50$1,483,159$1,056,420$951,188$1,215,541
51$1,580,645$1,054,389$929,256$1,236,653
52$1,686,380$1,050,563$904,895$1,258,576
53$1,801,152$1,044,801$877,971$1,281,427
54$1,925,828$1,036,955$848,341$1,305,342
55$2,061,361$1,026,864$815,858$1,330,475
56$2,208,799$1,014,360$780,370$1,357,000
57$2,369,298$999,265$741,713$1,385,114
58$2,544,126$981,389$699,720$1,415,041
59$2,734,682$960,531$654,215$1,447,032
60$2,942,502$936,480$605,014$1,481,373
61$3,169,279$909,010$551,925$1,518,384
62$3,416,878$877,883$494,746$1,558,424
63$3,687,347$842,847$433,268$1,601,898
64$3,982,946$803,637$367,272$1,649,260
65$4,306,160$759,968$296,529$1,701,019
66$4,659,726$711,544$220,800$1,757,745
67$5,046,657$658,049$139,836$1,820,075
68$5,470,272$599,149$53,376$1,888,723
69$5,934,224$534,492$0$1,964,485
70$6,442,538$463,705$0$2,059,040
71$6,999,646$386,395$0$2,179,094
72$7,610,427$302,146$0$2,311,012
73$8,280,258$210,518$0$2,456,113
74$9,015,058$111,048$0$2,615,859
75$9,821,351$3,246$0$2,791,871
76$10,706,318$0$0$2,985,946
77$11,677,872$0$0$3,259,976
78$12,744,729$0$0$3,562,944
79$13,916,490$0$0$3,895,884
80$15,203,733$0$0$4,261,824
81$16,618,109$0$0$4,664,099
82$18,172,455$0$0$5,106,384
83$19,880,911$0$0$5,592,729
84$21,759,059$0$0$6,127,594
85$23,824,062$0$0$6,715,894
86$26,094,831$0$0$7,363,044
87$28,592,201$0$0$8,075,011
88$31,339,127$0$0$8,858,367
89$34,360,901$0$0$9,720,357
90$37,685,390$0$0$10,668,961
91$41,343,296$0$0$11,712,971
92$45,368,449$0$0$12,862,078
93$49,798,124$0$0$14,126,956
94$54,673,392$0$0$15,519,370
95$60,039,507$0$0$17,052,281
96$65,946,333$0$0$18,739,973
97$72,448,813$0$0$20,598,182
98$79,607,489$0$0$22,644,250
99$87,489,069$0$0$24,897,287
100$96,167,062$0$0$27,378,347