Can I retire at age 45 with 991,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.8%
1 years$81,836$81,107$80,396$79,702$79,024$75,918
2 years$40,513$39,758$39,027$38,318$37,630$34,540
3 years$26,740$25,982$25,253$24,551$23,874$20,896
4 years$19,855$19,100$18,378$17,687$17,027$14,184
5 years$15,725$14,975$14,262$13,586$12,944$10,242
6 years$12,973$12,228$11,526$10,865$10,242$7,684
7 years$11,008$10,269$9,578$8,932$8,330$5,914
8 years$9,535$8,802$8,123$7,493$6,910$4,635
9 years$8,389$7,664$6,996$6,382$5,819$3,682
10 years$7,474$6,755$6,099$5,502$4,958$2,954
11 years$6,725$6,014$5,370$4,788$4,264$2,388
12 years$6,102$5,398$4,766$4,200$3,695$1,942
13 years$5,575$4,878$4,258$3,708$3,222$1,587
14 years$5,123$4,434$3,826$3,291$2,825$1,302
15 years$4,732$4,051$3,454$2,935$2,487$1,072
16 years$4,391$3,716$3,132$2,628$2,198$884
17 years$4,089$3,423$2,850$2,362$1,949$731
18 years$3,822$3,163$2,601$2,128$1,733$605
19 years$3,583$2,931$2,381$1,923$1,545$502
20 years$3,368$2,724$2,186$1,742$1,380$417
21 years$3,174$2,537$2,010$1,581$1,235$346
22 years$2,998$2,368$1,853$1,437$1,107$288
23 years$2,837$2,215$1,711$1,309$993$240
24 years$2,690$2,075$1,582$1,194$893$199
25 years$2,555$1,948$1,465$1,090$804$166
26 years$2,430$1,830$1,359$997$724$138
27 years$2,315$1,723$1,262$912$653$115
28 years$2,209$1,623$1,173$836$589$96
29 years$2,110$1,531$1,092$767$532$80
30 years$2,017$1,446$1,017$704$480$67
31 years$1,931$1,367$948$646$434$56
32 years$1,850$1,294$885$594$393$47
33 years$1,775$1,225$826$546$356$39
34 years$1,704$1,161$772$502$322$32
35 years$1,637$1,101$721$463$292$27
36 years$1,574$1,045$675$426$264$23
37 years$1,515$993$632$392$239$19
38 years$1,458$943$592$362$217$16
39 years$1,405$897$554$334$197$13
40 years$1,355$854$519$308$179$11
41 years$1,307$812$487$284$162$9
42 years$1,262$774$457$262$147$8
43 years$1,219$737$429$242$133$6
44 years$1,177$703$402$223$121$5
45 years$1,138$670$378$206$110$4
46 years$1,101$639$355$190$100$4
47 years$1,065$610$333$176$91$3
48 years$1,031$582$313$163$82$3
49 years$999$556$295$150$75$2
50 years$968$531$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $991,000, adding $3,384 every year, while hoping to spend $30,173 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: 55/23/22 Blend
44$991,000$991,000$991,000$991,000
45$1,095,573$1,043,050$1,027,689$1,149,088
46$1,175,217$1,062,055$1,030,013$1,205,135
47$1,261,974$1,080,981$1,031,403$1,262,676
48$1,356,537$1,099,791$1,031,797$1,324,696
49$1,459,670$1,118,446$1,031,128$1,391,634
50$1,572,212$1,136,906$1,029,327$1,463,973
51$1,695,089$1,155,125$1,026,320$1,542,247
52$1,829,318$1,173,057$1,022,032$1,627,043
53$1,976,021$1,190,648$1,016,382$1,719,010
54$2,136,430$1,207,846$1,009,287$1,818,864
55$2,311,906$1,224,590$1,000,657$1,927,394
56$2,503,943$1,240,817$990,402$2,045,471
57$2,714,189$1,256,461$978,424$2,174,055
58$2,944,457$1,271,449$964,622$2,314,205
59$3,196,746$1,285,704$948,891$2,467,090
60$3,473,254$1,299,144$931,120$2,633,997
61$3,776,406$1,311,682$911,192$2,816,347
62$4,108,868$1,323,223$888,986$3,015,709
63$4,473,581$1,333,669$864,375$3,233,810
64$4,873,781$1,342,914$837,226$3,472,557
65$5,313,034$1,350,844$807,401$3,734,052
66$5,795,268$1,357,340$774,753$4,020,615
67$6,324,810$1,362,274$739,132$4,334,802
68$6,906,425$1,365,510$700,377$4,679,432
69$7,545,364$1,366,903$658,323$5,057,617
70$8,247,411$1,366,301$612,797$5,472,786
71$9,018,938$1,363,541$563,617$5,928,720
72$9,866,965$1,358,450$510,594$6,429,589
73$10,799,226$1,350,845$453,529$6,979,991
74$11,824,241$1,340,530$392,216$7,584,998
75$12,951,398$1,327,300$326,439$8,250,200
76$14,191,038$1,310,936$255,973$8,981,763
77$15,554,558$1,291,206$180,582$9,786,482
78$17,054,512$1,267,864$100,021$10,671,853
79$18,704,734$1,240,650$14,033$11,646,139
80$20,520,463$1,209,289$0$12,718,450
81$22,518,494$1,173,488$0$13,917,078
82$24,717,330$1,132,939$0$15,239,553
83$27,137,359$1,087,314$0$16,694,853
84$29,801,045$1,036,267$0$18,296,510
85$32,733,140$979,433$0$20,059,439
86$35,960,920$916,425$0$22,000,077
87$39,514,436$846,832$0$24,136,539
88$43,426,805$770,223$0$26,488,792
89$47,734,514$686,139$0$29,078,840
90$52,477,773$594,098$0$31,930,937
91$57,700,886$493,589$0$35,071,811
92$63,452,673$384,072$0$38,530,923
93$69,786,931$264,977$0$42,340,740
94$76,762,939$135,701$0$46,537,045
95$84,446,018$0$0$51,159,275
96$92,908,149$0$0$56,252,008
97$102,228,650$0$0$61,899,285
98$112,494,924$0$0$68,119,736
99$123,803,284$0$0$74,971,735
100$136,259,865$0$0$82,519,607