Can I retire at age 45 with 990,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19%
1 years$81,753$81,025$80,315$79,621$78,944$76,082
2 years$40,472$39,718$38,988$38,279$37,592$34,741
3 years$26,713$25,956$25,228$24,526$23,850$21,098
4 years$19,835$19,081$18,359$17,670$17,010$14,379
5 years$15,710$14,959$14,248$13,572$12,931$10,427
6 years$12,960$12,215$11,514$10,854$10,232$7,857
7 years$10,997$10,259$9,568$8,923$8,321$6,076
8 years$9,525$8,793$8,115$7,486$6,903$4,784
9 years$8,381$7,656$6,989$6,376$5,813$3,819
10 years$7,466$6,749$6,093$5,496$4,953$3,079
11 years$6,718$6,008$5,364$4,783$4,260$2,502
12 years$6,095$5,392$4,761$4,196$3,692$2,046
13 years$5,569$4,873$4,253$3,704$3,219$1,682
14 years$5,118$4,430$3,822$3,288$2,822$1,387
15 years$4,727$4,046$3,451$2,932$2,485$1,148
16 years$4,386$3,713$3,128$2,626$2,196$953
17 years$4,085$3,419$2,847$2,359$1,947$792
18 years$3,818$3,159$2,599$2,126$1,731$660
19 years$3,579$2,928$2,379$1,921$1,543$551
20 years$3,365$2,721$2,183$1,740$1,378$460
21 years$3,171$2,534$2,008$1,579$1,233$385
22 years$2,995$2,366$1,851$1,436$1,106$322
23 years$2,834$2,213$1,709$1,308$992$269
24 years$2,687$2,073$1,581$1,193$892$226
25 years$2,552$1,946$1,464$1,089$803$189
26 years$2,428$1,829$1,358$996$723$159
27 years$2,313$1,721$1,261$912$652$133
28 years$2,206$1,622$1,172$835$588$112
29 years$2,107$1,530$1,091$766$531$94
30 years$2,015$1,445$1,016$703$480$79
31 years$1,929$1,366$947$646$434$66
32 years$1,848$1,292$884$593$392$55
33 years$1,773$1,224$825$546$355$47
34 years$1,702$1,160$771$502$322$39
35 years$1,635$1,100$721$462$291$33
36 years$1,572$1,044$674$426$264$28
37 years$1,513$992$631$392$239$23
38 years$1,457$942$591$361$217$19
39 years$1,404$896$554$333$197$16
40 years$1,353$853$519$307$178$14
41 years$1,306$812$487$284$162$12
42 years$1,260$773$456$262$147$10
43 years$1,217$737$428$242$133$8
44 years$1,176$702$402$223$121$7
45 years$1,137$669$378$206$110$6
46 years$1,100$639$355$190$100$5
47 years$1,064$609$333$176$91$4
48 years$1,030$582$313$162$82$3
49 years$998$556$294$150$75$3
50 years$967$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $990,000, adding $4,532 every year, while hoping to spend $48,518 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: 65/24/11 Blend
44$990,000$990,000$990,000$990,000
45$1,095,655$1,043,185$1,027,840$1,163,918
46$1,155,789$1,042,678$1,010,650$1,209,512
47$1,220,430$1,040,520$991,257$1,253,200
48$1,289,988$1,036,580$969,538$1,299,700
49$1,364,910$1,030,716$945,362$1,349,283
50$1,445,690$1,022,780$918,590$1,402,250
51$1,532,869$1,012,614$889,081$1,458,932
52$1,627,040$1,000,051$856,684$1,519,697
53$1,728,859$984,914$821,244$1,584,950
54$1,839,042$967,015$782,595$1,655,139
55$1,958,381$946,155$740,568$1,730,762
56$2,087,742$922,122$694,984$1,812,367
57$2,228,081$894,695$645,654$1,900,559
58$2,380,446$863,637$592,385$1,996,011
59$2,545,994$828,698$534,973$2,099,462
60$2,725,995$789,613$473,203$2,211,733
61$2,921,844$746,102$406,854$2,333,729
62$3,135,082$697,870$335,693$2,466,449
63$3,367,398$644,604$259,477$2,611,001
64$3,620,656$585,973$177,952$2,768,606
65$3,896,904$521,627$90,855$2,940,613
66$4,198,399$451,197$0$3,128,515
67$4,527,621$374,292$0$3,334,204
68$4,887,306$290,499$0$3,570,651
69$5,280,462$199,384$0$3,829,227
70$5,710,400$100,485$0$4,112,187
71$6,180,770$0$0$4,422,023
72$6,695,586$0$0$4,763,246
73$7,259,272$0$0$5,165,981
74$7,876,696$0$0$5,607,176
75$8,553,223$0$0$6,090,673
76$9,294,758$0$0$6,620,701
77$10,107,807$0$0$7,201,918
78$10,999,533$0$0$7,839,455
79$11,977,829$0$0$8,538,963
80$13,051,386$0$0$9,306,668
81$14,229,777$0$0$10,149,426
82$15,523,550$0$0$11,074,790
83$16,944,321$0$0$12,091,079
84$18,504,888$0$0$13,207,460
85$20,219,349$0$0$14,434,029
86$22,103,234$0$0$15,781,909
87$24,173,653$0$0$17,263,355
88$26,449,455$0$0$18,891,867
89$28,951,406$0$0$20,682,318
90$31,702,386$0$0$22,651,094
91$34,727,602$0$0$24,816,250
92$38,054,823$0$0$27,197,676
93$41,714,649$0$0$29,817,288
94$45,740,791$0$0$32,699,232
95$50,170,394$0$0$35,870,112
96$55,044,385$0$0$39,359,243
97$60,407,855$0$0$43,198,922
98$66,310,491$0$0$47,424,736
99$72,807,038$0$0$52,075,899
100$79,957,819$0$0$57,195,616