Can I retire at age 45 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$81,918$81,189$80,477$79,782$79,103$77,825
2 years$40,554$39,798$39,066$38,357$37,668$36,384
3 years$26,767$26,009$25,279$24,576$23,898$22,648
4 years$19,875$19,119$18,396$17,705$17,044$15,838
5 years$15,741$14,990$14,276$13,599$12,957$11,797
6 years$12,986$12,240$11,537$10,876$10,252$9,141
7 years$11,019$10,279$9,588$8,941$8,338$7,275
8 years$9,544$8,811$8,131$7,501$6,917$5,903
9 years$8,398$7,672$7,003$6,389$5,825$4,859
10 years$7,481$6,762$6,106$5,507$4,963$4,044
11 years$6,732$6,020$5,375$4,793$4,269$3,396
12 years$6,108$5,403$4,770$4,204$3,699$2,871
13 years$5,580$4,883$4,262$3,712$3,226$2,442
14 years$5,128$4,439$3,829$3,295$2,828$2,086
15 years$4,737$4,055$3,458$2,938$2,490$1,790
16 years$4,395$3,720$3,135$2,631$2,200$1,540
17 years$4,093$3,426$2,852$2,364$1,951$1,329
18 years$3,826$3,166$2,604$2,130$1,735$1,150
19 years$3,587$2,934$2,384$1,925$1,546$996
20 years$3,371$2,726$2,188$1,743$1,381$865
21 years$3,177$2,540$2,012$1,582$1,236$752
22 years$3,001$2,371$1,855$1,439$1,108$655
23 years$2,840$2,217$1,712$1,310$994$571
24 years$2,693$2,077$1,584$1,195$894$498
25 years$2,558$1,950$1,467$1,091$804$435
26 years$2,433$1,832$1,360$998$725$380
27 years$2,318$1,724$1,263$913$653$332
28 years$2,211$1,625$1,174$837$589$290
29 years$2,112$1,533$1,093$767$532$254
30 years$2,019$1,448$1,018$704$481$222
31 years$1,933$1,368$949$647$435$195
32 years$1,852$1,295$885$594$393$171
33 years$1,777$1,226$827$547$356$150
34 years$1,705$1,162$772$503$322$131
35 years$1,639$1,102$722$463$292$115
36 years$1,576$1,046$676$426$264$101
37 years$1,516$994$632$393$240$88
38 years$1,460$944$592$362$217$78
39 years$1,407$898$555$334$197$68
40 years$1,356$854$520$308$179$60
41 years$1,308$813$488$284$162$52
42 years$1,263$775$457$262$147$46
43 years$1,220$738$429$242$134$40
44 years$1,179$703$403$224$121$35
45 years$1,139$671$378$206$110$31
46 years$1,102$640$355$191$100$27
47 years$1,066$611$334$176$91$24
48 years$1,032$583$314$163$82$21
49 years$1,000$557$295$150$75$18
50 years$969$532$277$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $992,000, adding $4,908 every year, while hoping to spend $38,969 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: 23/50/27 Blend
44$992,000$992,000$992,000$992,000
45$1,098,247$1,045,671$1,030,295$1,114,026
46$1,168,805$1,055,446$1,023,347$1,137,750
47$1,245,254$1,064,394$1,014,860$1,159,526
48$1,328,154$1,072,433$1,004,742$1,182,008
49$1,418,120$1,079,477$992,895$1,205,279
50$1,515,830$1,085,432$979,218$1,229,433
51$1,622,027$1,090,200$963,604$1,254,578
52$1,737,530$1,093,677$945,942$1,280,836
53$1,863,242$1,095,752$926,115$1,308,344
54$2,000,154$1,096,305$904,001$1,337,257
55$2,149,358$1,095,211$879,473$1,367,751
56$2,312,053$1,092,337$852,396$1,400,023
57$2,489,562$1,087,541$822,631$1,434,295
58$2,683,340$1,080,673$790,031$1,470,816
59$2,894,988$1,071,574$754,445$1,509,866
60$3,126,270$1,060,074$715,712$1,551,758
61$3,379,127$1,045,995$673,665$1,596,844
62$3,655,695$1,029,146$628,130$1,645,518
63$3,958,327$1,009,326$578,925$1,698,219
64$4,289,616$986,322$525,858$1,755,440
65$4,652,413$959,908$468,730$1,817,730
66$5,049,861$929,846$407,335$1,885,702
67$5,485,421$895,882$341,454$1,960,039
68$5,962,902$857,748$270,861$2,041,505
69$6,486,503$815,163$195,320$2,130,948
70$7,060,845$767,825$114,582$2,229,315
71$7,691,021$715,418$28,390$2,337,657
72$8,382,639$657,607$0$2,457,146
73$9,141,877$594,038$0$2,607,404
74$9,975,539$524,337$0$2,781,475
75$10,891,123$448,108$0$2,972,866
76$11,896,885$364,934$0$3,183,449
77$13,001,924$274,372$0$3,415,297
78$14,216,260$175,956$0$3,670,705
79$15,550,936$69,195$0$3,952,213
80$17,018,114$0$0$4,262,631
81$18,631,194$0$0$4,630,612
82$20,404,942$0$0$5,077,299
83$22,355,624$0$0$5,568,741
84$24,501,160$0$0$6,109,477
85$26,861,296$0$0$6,704,509
86$29,457,789$0$0$7,359,347
87$32,314,608$0$0$8,080,065
88$35,458,164$0$0$8,873,354
89$38,917,558$0$0$9,746,585
90$42,724,855$0$0$10,707,882
91$46,915,383$0$0$11,766,197
92$51,528,072$0$0$12,931,393
93$56,605,816$0$0$14,214,337
94$62,195,879$0$0$15,627,005
95$68,350,340$0$0$17,182,595
96$75,126,588$0$0$18,895,646
97$82,587,854$0$0$20,782,181
98$90,803,818$0$0$22,859,857
99$99,851,258$0$0$25,148,130
100$109,814,779$0$0$27,668,439