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%18%
1 years$81,918$81,189$80,477$79,782$79,103$76,541
2 years$40,554$39,798$39,066$38,357$37,668$35,110
3 years$26,767$26,009$25,279$24,576$23,898$21,426
4 years$19,875$19,119$18,396$17,705$17,044$14,676
5 years$15,741$14,990$14,276$13,599$12,957$10,699
6 years$12,986$12,240$11,537$10,876$10,252$8,106
7 years$11,019$10,279$9,588$8,941$8,338$6,304
8 years$9,544$8,811$8,131$7,501$6,917$4,994
9 years$8,398$7,672$7,003$6,389$5,825$4,010
10 years$7,481$6,762$6,106$5,507$4,963$3,254
11 years$6,732$6,020$5,375$4,793$4,269$2,662
12 years$6,108$5,403$4,770$4,204$3,699$2,191
13 years$5,580$4,883$4,262$3,712$3,226$1,813
14 years$5,128$4,439$3,829$3,295$2,828$1,506
15 years$4,737$4,055$3,458$2,938$2,490$1,255
16 years$4,395$3,720$3,135$2,631$2,200$1,049
17 years$4,093$3,426$2,852$2,364$1,951$879
18 years$3,826$3,166$2,604$2,130$1,735$738
19 years$3,587$2,934$2,384$1,925$1,546$620
20 years$3,371$2,726$2,188$1,743$1,381$522
21 years$3,177$2,540$2,012$1,582$1,236$440
22 years$3,001$2,371$1,855$1,439$1,108$371
23 years$2,840$2,217$1,712$1,310$994$313
24 years$2,693$2,077$1,584$1,195$894$264
25 years$2,558$1,950$1,467$1,091$804$223
26 years$2,433$1,832$1,360$998$725$189
27 years$2,318$1,724$1,263$913$653$160
28 years$2,211$1,625$1,174$837$589$135
29 years$2,112$1,533$1,093$767$532$114
30 years$2,019$1,448$1,018$704$481$97
31 years$1,933$1,368$949$647$435$82
32 years$1,852$1,295$885$594$393$69
33 years$1,777$1,226$827$547$356$59
34 years$1,705$1,162$772$503$322$50
35 years$1,639$1,102$722$463$292$42
36 years$1,576$1,046$676$426$264$36
37 years$1,516$994$632$393$240$30
38 years$1,460$944$592$362$217$26
39 years$1,407$898$555$334$197$22
40 years$1,356$854$520$308$179$18
41 years$1,308$813$488$284$162$16
42 years$1,263$775$457$262$147$13
43 years$1,220$738$429$242$134$11
44 years$1,179$703$403$224$121$9
45 years$1,139$671$378$206$110$8
46 years$1,102$640$355$191$100$7
47 years$1,066$611$334$176$91$6
48 years$1,032$583$314$163$82$5
49 years$1,000$557$295$150$75$4
50 years$969$532$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 $992,000, adding $4,731 every year, while hoping to spend $59,044 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: 55/38/7 Blend
44$992,000$992,000$992,000$992,000
45$1,098,064$1,045,488$1,030,112$1,156,436
46$1,147,244$1,033,895$1,001,798$1,184,792
47$1,199,462$1,019,754$970,557$1,208,697
48$1,254,964$1,002,880$936,229$1,233,284
49$1,314,023$983,073$898,644$1,258,628
50$1,376,933$960,123$857,629$1,284,810
51$1,444,020$933,809$812,999$1,311,926
52$1,515,639$903,895$764,564$1,340,083
53$1,592,180$870,131$712,122$1,369,406
54$1,674,069$832,254$655,465$1,400,031
55$1,761,774$789,985$594,373$1,432,115
56$1,855,810$743,029$528,619$1,465,837
57$1,956,738$691,073$457,964$1,501,396
58$2,065,178$633,788$382,158$1,539,016
59$2,181,807$570,825$300,941$1,578,953
60$2,307,371$501,815$214,043$1,621,490
61$2,442,688$426,369$121,178$1,666,948
62$2,588,656$344,074$22,051$1,715,687
63$2,746,262$254,497$0$1,768,108
64$2,916,591$157,178$0$1,830,919
65$3,100,836$51,632$0$1,900,533
66$3,300,306$0$0$1,975,892
67$3,516,443$0$0$2,083,853
68$3,750,829$0$0$2,224,420
69$4,005,208$0$0$2,377,057
70$4,281,496$0$0$2,542,924
71$4,581,799$0$0$2,723,296
72$4,908,436$0$0$2,919,579
73$5,263,957$0$0$3,133,314
74$5,651,170$0$0$3,366,203
75$6,073,163$0$0$3,620,116
76$6,533,335$0$0$3,897,109
77$7,035,426$0$0$4,199,451
78$7,583,555$0$0$4,529,633
79$8,182,255$0$0$4,890,402
80$8,836,515$0$0$5,284,780
81$9,551,829$0$0$5,716,094
82$10,334,246$0$0$6,188,009
83$11,190,425$0$0$6,704,558
84$12,127,700$0$0$7,270,185
85$13,154,147$0$0$7,889,782
86$14,278,658$0$0$8,568,735
87$15,511,027$0$0$9,312,979
88$16,862,040$0$0$10,129,048
89$18,343,577$0$0$11,024,139
90$19,968,721$0$0$12,006,181
91$21,751,883$0$0$13,083,905
92$23,708,938$0$0$14,266,929
93$25,857,372$0$0$15,565,848
94$28,216,444$0$0$16,992,333
95$30,807,373$0$0$18,559,241
96$33,653,531$0$0$20,280,734
97$36,780,667$0$0$22,172,417
98$40,217,148$0$0$24,251,476
99$43,994,222$0$0$26,536,851
100$48,146,317$0$0$29,049,402