Can I retire at age 45 with 991,000?

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 $991,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$81,836$81,107$80,396$79,702$79,024$76,586
2 years$40,513$39,758$39,027$38,318$37,630$35,196
3 years$26,740$25,982$25,253$24,551$23,874$21,519
4 years$19,855$19,100$18,378$17,687$17,027$14,770
5 years$15,725$14,975$14,262$13,586$12,944$10,790
6 years$12,973$12,228$11,526$10,865$10,242$8,193
7 years$11,008$10,269$9,578$8,932$8,330$6,386
8 years$9,535$8,802$8,123$7,493$6,910$5,071
9 years$8,389$7,664$6,996$6,382$5,819$4,082
10 years$7,474$6,755$6,099$5,502$4,958$3,321
11 years$6,725$6,014$5,370$4,788$4,264$2,723
12 years$6,102$5,398$4,766$4,200$3,695$2,248
13 years$5,575$4,878$4,258$3,708$3,222$1,865
14 years$5,123$4,434$3,826$3,291$2,825$1,554
15 years$4,732$4,051$3,454$2,935$2,487$1,299
16 years$4,391$3,716$3,132$2,628$2,198$1,089
17 years$4,089$3,423$2,850$2,362$1,949$915
18 years$3,822$3,163$2,601$2,128$1,733$770
19 years$3,583$2,931$2,381$1,923$1,545$649
20 years$3,368$2,724$2,186$1,742$1,380$548
21 years$3,174$2,537$2,010$1,581$1,235$463
22 years$2,998$2,368$1,853$1,437$1,107$392
23 years$2,837$2,215$1,711$1,309$993$332
24 years$2,690$2,075$1,582$1,194$893$281
25 years$2,555$1,948$1,465$1,090$804$238
26 years$2,430$1,830$1,359$997$724$202
27 years$2,315$1,723$1,262$912$653$171
28 years$2,209$1,623$1,173$836$589$146
29 years$2,110$1,531$1,092$767$532$124
30 years$2,017$1,446$1,017$704$480$105
31 years$1,931$1,367$948$646$434$89
32 years$1,850$1,294$885$594$393$76
33 years$1,775$1,225$826$546$356$64
34 years$1,704$1,161$772$502$322$55
35 years$1,637$1,101$721$463$292$46
36 years$1,574$1,045$675$426$264$39
37 years$1,515$993$632$392$239$34
38 years$1,458$943$592$362$217$29
39 years$1,405$897$554$334$197$24
40 years$1,355$854$519$308$179$21
41 years$1,307$812$487$284$162$18
42 years$1,262$774$457$262$147$15
43 years$1,219$737$429$242$133$13
44 years$1,177$703$402$223$121$11
45 years$1,138$670$378$206$110$9
46 years$1,101$639$355$190$100$8
47 years$1,065$610$333$176$91$7
48 years$1,031$582$313$163$82$6
49 years$999$556$295$150$75$5
50 years$968$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 $991,000, adding $5,287 every year, while hoping to spend $49,811 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: 80/12/8 Blend
44$991,000$991,000$991,000$991,000
45$1,097,536$1,045,013$1,029,652$1,183,773
46$1,156,486$1,043,220$1,011,147$1,239,258
47$1,219,779$1,039,669$990,352$1,293,042
48$1,287,807$1,034,223$967,139$1,350,566
49$1,360,997$1,026,734$941,372$1,412,177
50$1,439,820$1,017,045$912,909$1,478,260
51$1,524,793$1,004,992$881,603$1,549,237
52$1,616,484$990,399$847,299$1,625,574
53$1,715,516$973,079$809,835$1,707,784
54$1,822,576$952,837$769,041$1,796,434
55$1,938,416$929,463$724,741$1,892,147
56$2,063,865$902,737$676,750$1,995,609
57$2,199,833$872,425$624,875$2,107,579
58$2,347,321$838,280$568,914$2,228,892
59$2,507,431$800,039$508,656$2,360,467
60$2,681,374$757,426$443,881$2,503,321
61$2,870,482$710,148$374,359$2,658,572
62$3,076,221$657,894$299,850$2,827,452
63$3,300,203$600,339$220,102$3,011,323
64$3,544,203$537,134$134,854$3,211,684
65$3,810,173$467,915$43,833$3,430,187
66$4,100,262$392,295$0$3,668,656
67$4,416,837$309,865$0$3,933,649
68$4,762,499$220,194$0$4,227,122
69$5,140,117$122,826$0$4,547,798
70$5,552,845$17,280$0$4,898,398
71$6,004,156$0$0$5,281,921
72$6,497,877$0$0$5,714,474
73$7,038,217$0$0$6,190,395
74$7,629,816$0$0$6,711,492
75$8,277,779$0$0$7,282,265
76$8,987,730$0$0$7,907,672
77$9,765,864$0$0$8,593,174
78$10,619,001$0$0$9,344,782
79$11,554,654$0$0$10,169,121
80$12,581,098$0$0$11,073,483
81$13,707,446$0$0$12,065,905
82$14,943,740$0$0$13,155,236
83$16,301,036$0$0$14,351,225
84$17,791,518$0$0$15,664,611
85$19,428,603$0$0$17,107,223
86$21,227,075$0$0$18,692,093
87$23,203,219$0$0$20,433,578
88$25,374,976$0$0$22,347,494
89$27,762,110$0$0$24,451,265
90$30,386,397$0$0$26,764,086
91$33,271,827$0$0$29,307,107
92$36,444,830$0$0$32,103,628
93$39,934,526$0$0$35,179,321
94$43,773,000$0$0$38,562,471
95$47,995,600$0$0$42,284,239
96$52,641,275$0$0$46,378,962
97$57,752,937$0$0$50,884,472
98$63,377,870$0$0$55,842,452
99$69,568,171$0$0$61,298,830
100$76,381,245$0$0$67,304,212