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%18.1%
1 years$81,753$81,025$80,315$79,621$78,944$76,356
2 years$40,472$39,718$38,988$38,279$37,592$35,010
3 years$26,713$25,956$25,228$24,526$23,850$21,354
4 years$19,835$19,081$18,359$17,670$17,010$14,619
5 years$15,710$14,959$14,248$13,572$12,931$10,652
6 years$12,960$12,215$11,514$10,854$10,232$8,066
7 years$10,997$10,259$9,568$8,923$8,321$6,269
8 years$9,525$8,793$8,115$7,486$6,903$4,963
9 years$8,381$7,656$6,989$6,376$5,813$3,984
10 years$7,466$6,749$6,093$5,496$4,953$3,230
11 years$6,718$6,008$5,364$4,783$4,260$2,641
12 years$6,095$5,392$4,761$4,196$3,692$2,172
13 years$5,569$4,873$4,253$3,704$3,219$1,796
14 years$5,118$4,430$3,822$3,288$2,822$1,491
15 years$4,727$4,046$3,451$2,932$2,485$1,242
16 years$4,386$3,713$3,128$2,626$2,196$1,037
17 years$4,085$3,419$2,847$2,359$1,947$868
18 years$3,818$3,159$2,599$2,126$1,731$728
19 years$3,579$2,928$2,379$1,921$1,543$612
20 years$3,365$2,721$2,183$1,740$1,378$515
21 years$3,171$2,534$2,008$1,579$1,233$433
22 years$2,995$2,366$1,851$1,436$1,106$365
23 years$2,834$2,213$1,709$1,308$992$308
24 years$2,687$2,073$1,581$1,193$892$260
25 years$2,552$1,946$1,464$1,089$803$219
26 years$2,428$1,829$1,358$996$723$185
27 years$2,313$1,721$1,261$912$652$157
28 years$2,206$1,622$1,172$835$588$132
29 years$2,107$1,530$1,091$766$531$112
30 years$2,015$1,445$1,016$703$480$95
31 years$1,929$1,366$947$646$434$80
32 years$1,848$1,292$884$593$392$68
33 years$1,773$1,224$825$546$355$57
34 years$1,702$1,160$771$502$322$48
35 years$1,635$1,100$721$462$291$41
36 years$1,572$1,044$674$426$264$35
37 years$1,513$992$631$392$239$29
38 years$1,457$942$591$361$217$25
39 years$1,404$896$554$333$197$21
40 years$1,353$853$519$307$178$18
41 years$1,306$812$487$284$162$15
42 years$1,260$773$456$262$147$13
43 years$1,217$737$428$242$133$11
44 years$1,176$702$402$223$121$9
45 years$1,137$669$378$206$110$8
46 years$1,100$639$355$190$100$7
47 years$1,064$609$333$176$91$6
48 years$1,030$582$313$162$82$5
49 years$998$556$294$150$75$4
50 years$967$531$277$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $990,000, adding $2,404 every year, while hoping to spend $48,230 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: 59/27/14 Blend
44$990,000$990,000$990,000$990,000
45$1,093,460$1,040,990$1,025,645$1,153,992
46$1,153,676$1,040,682$1,008,687$1,194,804
47$1,218,418$1,038,742$989,546$1,233,706
48$1,288,097$1,035,041$968,095$1,274,987
49$1,363,163$1,029,438$944,206$1,318,885
50$1,444,111$1,021,786$917,743$1,365,658
51$1,531,486$1,011,929$888,563$1,415,597
52$1,625,886$999,702$856,518$1,469,021
53$1,727,968$984,928$821,453$1,526,287
54$1,838,453$967,423$783,204$1,587,787
55$1,958,136$946,988$741,603$1,653,957
56$2,087,891$923,414$696,471$1,725,281
57$2,228,675$896,481$647,622$1,802,292
58$2,381,547$865,955$594,864$1,885,584
59$2,547,665$831,588$537,993$1,975,812
60$2,728,309$793,118$476,798$2,073,701
61$2,924,883$750,267$411,057$2,180,056
62$3,138,933$702,742$340,540$2,295,765
63$3,372,162$650,234$265,005$2,421,812
64$3,626,441$592,414$184,201$2,559,285
65$3,903,832$528,936$97,866$2,709,389
66$4,206,602$459,434$5,724$2,873,455
67$4,537,250$383,520$0$3,052,955
68$4,898,523$300,786$0$3,263,353
69$5,293,448$210,800$0$3,494,425
70$5,725,356$113,106$0$3,747,354
71$6,197,917$7,223$0$4,024,387
72$6,715,168$0$0$4,328,007
73$7,281,559$0$0$4,692,851
74$7,901,987$0$0$5,094,934
75$8,581,847$0$0$5,535,618
76$9,327,079$0$0$6,018,763
77$10,144,225$0$0$6,548,621
78$11,040,493$0$0$7,129,878
79$12,023,820$0$0$7,767,691
80$13,102,947$0$0$8,467,745
81$14,287,505$0$0$9,236,298
82$15,588,102$0$0$10,080,246
83$17,016,423$0$0$11,007,184
84$18,585,340$0$0$12,025,481
85$20,309,034$0$0$13,144,355
86$22,203,127$0$0$14,373,961
87$24,284,827$0$0$15,725,486
88$26,573,096$0$0$17,211,256
89$29,088,822$0$0$18,844,850
90$31,855,018$0$0$20,641,230
91$34,897,039$0$0$22,616,877
92$38,242,819$0$0$24,789,954
93$41,923,137$0$0$27,180,468
94$45,971,903$0$0$29,810,465
95$50,426,480$0$0$32,704,236
96$55,328,036$0$0$35,888,545
97$60,721,929$0$0$39,392,880
98$66,658,138$0$0$43,249,735
99$73,191,731$0$0$47,494,909
100$80,383,386$0$0$52,167,854