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 years$81,753$81,025$80,315$79,621$78,944$76,386
2 years$40,472$39,718$38,988$38,279$37,592$35,040
3 years$26,713$25,956$25,228$24,526$23,850$21,382
4 years$19,835$19,081$18,359$17,670$17,010$14,646
5 years$15,710$14,959$14,248$13,572$12,931$10,677
6 years$12,960$12,215$11,514$10,854$10,232$8,090
7 years$10,997$10,259$9,568$8,923$8,321$6,291
8 years$9,525$8,793$8,115$7,486$6,903$4,984
9 years$8,381$7,656$6,989$6,376$5,813$4,002
10 years$7,466$6,749$6,093$5,496$4,953$3,248
11 years$6,718$6,008$5,364$4,783$4,260$2,656
12 years$6,095$5,392$4,761$4,196$3,692$2,187
13 years$5,569$4,873$4,253$3,704$3,219$1,809
14 years$5,118$4,430$3,822$3,288$2,822$1,503
15 years$4,727$4,046$3,451$2,932$2,485$1,253
16 years$4,386$3,713$3,128$2,626$2,196$1,047
17 years$4,085$3,419$2,847$2,359$1,947$877
18 years$3,818$3,159$2,599$2,126$1,731$736
19 years$3,579$2,928$2,379$1,921$1,543$619
20 years$3,365$2,721$2,183$1,740$1,378$521
21 years$3,171$2,534$2,008$1,579$1,233$439
22 years$2,995$2,366$1,851$1,436$1,106$370
23 years$2,834$2,213$1,709$1,308$992$312
24 years$2,687$2,073$1,581$1,193$892$264
25 years$2,552$1,946$1,464$1,089$803$223
26 years$2,428$1,829$1,358$996$723$188
27 years$2,313$1,721$1,261$912$652$159
28 years$2,206$1,622$1,172$835$588$135
29 years$2,107$1,530$1,091$766$531$114
30 years$2,015$1,445$1,016$703$480$97
31 years$1,929$1,366$947$646$434$82
32 years$1,848$1,292$884$593$392$69
33 years$1,773$1,224$825$546$355$59
34 years$1,702$1,160$771$502$322$50
35 years$1,635$1,100$721$462$291$42
36 years$1,572$1,044$674$426$264$36
37 years$1,513$992$631$392$239$30
38 years$1,457$942$591$361$217$26
39 years$1,404$896$554$333$197$22
40 years$1,353$853$519$307$178$18
41 years$1,306$812$487$284$162$16
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$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $990,000, adding $4,536 every year, while hoping to spend $41,334 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: 66/9/25 Blend
44$990,000$990,000$990,000$990,000
45$1,095,659$1,043,189$1,027,844$1,160,576
46$1,163,437$1,050,326$1,018,298$1,211,978
47$1,236,743$1,056,428$1,007,046$1,263,075
48$1,316,098$1,061,399$993,989$1,318,001
49$1,402,072$1,065,140$979,020$1,377,136
50$1,495,296$1,067,545$962,029$1,440,898
51$1,596,460$1,068,498$942,901$1,509,750
52$1,706,325$1,067,881$921,515$1,584,203
53$1,825,728$1,065,564$897,743$1,664,820
54$1,955,588$1,061,413$871,454$1,752,223
55$2,096,919$1,055,283$842,508$1,847,101
56$2,250,834$1,047,022$810,762$1,950,210
57$2,418,560$1,036,466$776,062$2,062,390
58$2,601,444$1,023,445$738,252$2,184,563
59$2,800,973$1,007,775$697,166$2,317,751
60$3,018,781$989,265$652,629$2,463,078
61$3,256,667$967,709$604,462$2,621,788
62$3,516,611$942,890$552,476$2,795,252
63$3,800,794$914,581$496,472$2,984,984
64$4,111,616$882,537$436,246$3,192,653
65$4,451,722$846,501$371,580$3,420,102
66$4,824,020$806,203$302,251$3,669,365
67$5,231,718$761,354$228,024$3,942,685
68$5,678,343$711,650$148,653$4,242,537
69$6,167,783$656,771$63,882$4,571,653
70$6,704,319$596,374$0$4,933,043
71$7,292,665$530,103$0$5,337,125
72$7,938,015$457,575$0$5,799,117
73$8,646,088$378,392$0$6,306,083
74$9,423,183$292,127$0$6,862,565
75$10,276,241$198,335$0$7,473,568
76$11,212,905$96,541$0$8,144,605
77$12,241,596$0$0$8,881,754
78$13,371,591$0$0$9,693,072
79$14,613,107$0$0$10,595,033
80$15,977,403$0$0$11,586,262
81$17,476,881$0$0$12,675,777
82$19,125,204$0$0$13,873,517
83$20,937,424$0$0$15,190,427
84$22,930,127$0$0$16,638,570
85$25,121,583$0$0$18,231,232
86$27,531,925$0$0$19,983,056
87$30,183,331$0$0$21,910,170
88$33,100,240$0$0$24,030,349
89$36,309,577$0$0$26,363,175
90$39,841,010$0$0$28,930,223
91$43,727,227$0$0$31,755,268
92$48,004,244$0$0$34,864,502
93$52,711,747$0$0$38,286,791
94$57,893,464$0$0$42,053,934
95$63,597,578$0$0$46,200,977
96$69,877,180$0$0$50,766,530
97$76,790,769$0$0$55,793,140
98$84,402,807$0$0$61,327,690
99$92,784,323$0$0$67,421,840
100$102,013,585$0$0$74,132,512