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%18.1%
1 years$81,836$81,107$80,396$79,702$79,024$76,433
2 years$40,513$39,758$39,027$38,318$37,630$35,045
3 years$26,740$25,982$25,253$24,551$23,874$21,375
4 years$19,855$19,100$18,378$17,687$17,027$14,634
5 years$15,725$14,975$14,262$13,586$12,944$10,663
6 years$12,973$12,228$11,526$10,865$10,242$8,075
7 years$11,008$10,269$9,578$8,932$8,330$6,276
8 years$9,535$8,802$8,123$7,493$6,910$4,968
9 years$8,389$7,664$6,996$6,382$5,819$3,988
10 years$7,474$6,755$6,099$5,502$4,958$3,234
11 years$6,725$6,014$5,370$4,788$4,264$2,643
12 years$6,102$5,398$4,766$4,200$3,695$2,175
13 years$5,575$4,878$4,258$3,708$3,222$1,798
14 years$5,123$4,434$3,826$3,291$2,825$1,493
15 years$4,732$4,051$3,454$2,935$2,487$1,243
16 years$4,391$3,716$3,132$2,628$2,198$1,038
17 years$4,089$3,423$2,850$2,362$1,949$869
18 years$3,822$3,163$2,601$2,128$1,733$729
19 years$3,583$2,931$2,381$1,923$1,545$612
20 years$3,368$2,724$2,186$1,742$1,380$515
21 years$3,174$2,537$2,010$1,581$1,235$434
22 years$2,998$2,368$1,853$1,437$1,107$365
23 years$2,837$2,215$1,711$1,309$993$308
24 years$2,690$2,075$1,582$1,194$893$260
25 years$2,555$1,948$1,465$1,090$804$220
26 years$2,430$1,830$1,359$997$724$185
27 years$2,315$1,723$1,262$912$653$157
28 years$2,209$1,623$1,173$836$589$132
29 years$2,110$1,531$1,092$767$532$112
30 years$2,017$1,446$1,017$704$480$95
31 years$1,931$1,367$948$646$434$80
32 years$1,850$1,294$885$594$393$68
33 years$1,775$1,225$826$546$356$57
34 years$1,704$1,161$772$502$322$49
35 years$1,637$1,101$721$463$292$41
36 years$1,574$1,045$675$426$264$35
37 years$1,515$993$632$392$239$29
38 years$1,458$943$592$362$217$25
39 years$1,405$897$554$334$197$21
40 years$1,355$854$519$308$179$18
41 years$1,307$812$487$284$162$15
42 years$1,262$774$457$262$147$13
43 years$1,219$737$429$242$133$11
44 years$1,177$703$402$223$121$9
45 years$1,138$670$378$206$110$8
46 years$1,101$639$355$190$100$7
47 years$1,065$610$333$176$91$6
48 years$1,031$582$313$163$82$5
49 years$999$556$295$150$75$4
50 years$968$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 $991,000, adding $5,108 every year, while hoping to spend $52,632 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: 77/10/13 Blend
44$991,000$991,000$991,000$991,000
45$1,097,351$1,044,828$1,029,467$1,178,600
46$1,153,281$1,040,024$1,007,955$1,228,044
47$1,213,151$1,033,222$983,957$1,275,063
48$1,277,309$1,024,266$957,336$1,325,147
49$1,346,134$1,012,994$927,946$1,378,582
50$1,420,043$999,235$895,636$1,435,682
51$1,499,494$982,804$860,246$1,496,796
52$1,584,989$963,508$821,611$1,562,308
53$1,677,080$941,141$779,557$1,632,641
54$1,776,372$915,487$733,902$1,708,262
55$1,883,532$886,316$684,457$1,789,686
56$1,999,289$853,382$631,024$1,877,482
57$2,124,449$816,430$573,395$1,972,277
58$2,259,893$775,186$511,355$2,074,763
59$2,406,594$729,362$444,677$2,185,704
60$2,565,618$678,652$373,125$2,305,941
61$2,738,139$622,734$296,453$2,436,404
62$2,925,449$561,268$214,403$2,578,119
63$3,128,967$493,892$126,708$2,732,216
64$3,350,255$420,226$33,086$2,899,944
65$3,591,031$339,867$0$3,082,680
66$3,853,187$252,392$0$3,291,211
67$4,138,803$157,349$0$3,523,445
68$4,450,168$54,267$0$3,776,680
69$4,789,802$0$0$4,053,001
70$5,160,480$0$0$4,361,019
71$5,565,252$0$0$4,703,922
72$6,007,482$0$0$5,078,592
73$6,490,868$0$0$5,488,166
74$7,019,484$0$0$5,936,100
75$7,597,815$0$0$6,426,201
76$8,230,800$0$0$6,962,657
77$8,923,876$0$0$7,550,082
78$9,683,033$0$0$8,193,558
79$10,514,864$0$0$8,898,679
80$11,426,633$0$0$9,671,609
81$12,426,340$0$0$10,519,133
82$13,522,793$0$0$11,448,726
83$14,725,697$0$0$12,468,622
84$16,045,740$0$0$13,587,890
85$17,494,695$0$0$14,816,518
86$19,085,531$0$0$16,165,510
87$20,832,532$0$0$17,646,987
88$22,751,437$0$0$19,274,302
89$24,859,580$0$0$21,062,163
90$27,176,061$0$0$23,026,775
91$29,721,917$0$0$25,185,990
92$32,520,329$0$0$27,559,476
93$35,596,832$0$0$30,168,899
94$38,979,560$0$0$33,038,132
95$42,699,510$0$0$36,193,474
96$46,790,833$0$0$39,663,903
97$51,291,153$0$0$43,481,345
98$56,241,926$0$0$47,680,976
99$61,688,830$0$0$52,301,551
100$67,682,190$0$0$57,385,774