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%18.2%
1 years$81,753$81,025$80,315$79,621$78,944$76,325
2 years$40,472$39,718$38,988$38,279$37,592$34,980
3 years$26,713$25,956$25,228$24,526$23,850$21,325
4 years$19,835$19,081$18,359$17,670$17,010$14,592
5 years$15,710$14,959$14,248$13,572$12,931$10,627
6 years$12,960$12,215$11,514$10,854$10,232$8,043
7 years$10,997$10,259$9,568$8,923$8,321$6,248
8 years$9,525$8,793$8,115$7,486$6,903$4,943
9 years$8,381$7,656$6,989$6,376$5,813$3,965
10 years$7,466$6,749$6,093$5,496$4,953$3,213
11 years$6,718$6,008$5,364$4,783$4,260$2,625
12 years$6,095$5,392$4,761$4,196$3,692$2,158
13 years$5,569$4,873$4,253$3,704$3,219$1,783
14 years$5,118$4,430$3,822$3,288$2,822$1,479
15 years$4,727$4,046$3,451$2,932$2,485$1,231
16 years$4,386$3,713$3,128$2,626$2,196$1,028
17 years$4,085$3,419$2,847$2,359$1,947$860
18 years$3,818$3,159$2,599$2,126$1,731$720
19 years$3,579$2,928$2,379$1,921$1,543$605
20 years$3,365$2,721$2,183$1,740$1,378$508
21 years$3,171$2,534$2,008$1,579$1,233$428
22 years$2,995$2,366$1,851$1,436$1,106$360
23 years$2,834$2,213$1,709$1,308$992$303
24 years$2,687$2,073$1,581$1,193$892$256
25 years$2,552$1,946$1,464$1,089$803$216
26 years$2,428$1,829$1,358$996$723$182
27 years$2,313$1,721$1,261$912$652$154
28 years$2,206$1,622$1,172$835$588$130
29 years$2,107$1,530$1,091$766$531$110
30 years$2,015$1,445$1,016$703$480$93
31 years$1,929$1,366$947$646$434$78
32 years$1,848$1,292$884$593$392$66
33 years$1,773$1,224$825$546$355$56
34 years$1,702$1,160$771$502$322$47
35 years$1,635$1,100$721$462$291$40
36 years$1,572$1,044$674$426$264$34
37 years$1,513$992$631$392$239$29
38 years$1,457$942$591$361$217$24
39 years$1,404$896$554$333$197$20
40 years$1,353$853$519$307$178$17
41 years$1,306$812$487$284$162$15
42 years$1,260$773$456$262$147$12
43 years$1,217$737$428$242$133$10
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$6
47 years$1,064$609$333$176$91$5
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 $6,408 every year, while hoping to spend $53,537 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: 66/24/10 Blend
44$990,000$990,000$990,000$990,000
45$1,097,590$1,045,120$1,029,775$1,167,301
46$1,152,581$1,039,368$1,007,309$1,208,767
47$1,211,387$1,031,540$982,297$1,247,130
48$1,274,340$1,021,477$954,596$1,287,674
49$1,341,806$1,009,012$924,057$1,330,606
50$1,414,183$993,967$890,527$1,376,157
51$1,491,912$976,153$853,841$1,424,582
52$1,575,474$955,372$813,832$1,476,163
53$1,665,398$931,410$770,321$1,531,216
54$1,762,264$904,045$723,123$1,590,085
55$1,866,712$873,040$672,044$1,653,156
56$1,979,441$838,143$616,881$1,720,855
57$2,101,221$799,090$557,424$1,793,654
58$2,232,900$755,599$493,452$1,872,073
59$2,375,406$707,374$424,733$1,956,692
60$2,529,762$654,100$351,026$2,048,150
61$2,697,093$595,446$272,081$2,147,156
62$2,878,634$531,061$187,633$2,254,492
63$3,075,746$460,573$97,410$2,371,028
64$3,289,922$383,592$1,124$2,497,721
65$3,522,809$299,703$0$2,635,635
66$3,776,216$208,469$0$2,796,786
67$4,052,134$109,427$0$2,972,462
68$4,352,753$2,091$0$3,164,013
69$4,680,486$0$0$3,373,065
70$5,037,986$0$0$3,631,531
71$5,428,174$0$0$3,914,293
72$5,854,265$0$0$4,223,135
73$6,319,798$0$0$4,560,631
74$6,828,671$0$0$4,929,613
75$7,385,172$0$0$5,333,201
76$7,994,025$0$0$5,774,830
77$8,660,432$0$0$6,258,281
78$9,390,119$0$0$6,787,717
79$10,189,394$0$0$7,367,726
80$11,065,202$0$0$8,003,356
81$12,025,191$0$0$8,700,171
82$13,077,786$0$0$9,464,296
83$14,232,266$0$0$10,302,478
84$15,498,850$0$0$11,222,148
85$16,888,794$0$0$12,231,493
86$18,414,499$0$0$13,339,528
87$20,089,621$0$0$14,556,186
88$21,929,206$0$0$15,892,408
89$23,949,828$0$0$17,360,247
90$26,169,744$0$0$18,972,980
91$28,609,069$0$0$20,745,234
92$31,289,960$0$0$22,693,124
93$34,236,829$0$0$24,834,403
94$37,476,570$0$0$27,188,630
95$41,038,814$0$0$29,777,353
96$44,956,205$0$0$32,624,314
97$49,264,710$0$0$35,755,669
98$54,003,956$0$0$39,200,238
99$59,217,604$0$0$42,989,774
100$64,953,759$0$0$47,159,263