Can I retire at age 45 with 992,000?

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 $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%14.1%
1 years$81,918$81,189$80,477$79,782$79,103$77,761
2 years$40,554$39,798$39,066$38,357$37,668$36,320
3 years$26,767$26,009$25,279$24,576$23,898$22,586
4 years$19,875$19,119$18,396$17,705$17,044$15,778
5 years$15,741$14,990$14,276$13,599$12,957$11,741
6 years$12,986$12,240$11,537$10,876$10,252$9,087
7 years$11,019$10,279$9,588$8,941$8,338$7,224
8 years$9,544$8,811$8,131$7,501$6,917$5,855
9 years$8,398$7,672$7,003$6,389$5,825$4,814
10 years$7,481$6,762$6,106$5,507$4,963$4,002
11 years$6,732$6,020$5,375$4,793$4,269$3,356
12 years$6,108$5,403$4,770$4,204$3,699$2,834
13 years$5,580$4,883$4,262$3,712$3,226$2,407
14 years$5,128$4,439$3,829$3,295$2,828$2,054
15 years$4,737$4,055$3,458$2,938$2,490$1,759
16 years$4,395$3,720$3,135$2,631$2,200$1,512
17 years$4,093$3,426$2,852$2,364$1,951$1,303
18 years$3,826$3,166$2,604$2,130$1,735$1,125
19 years$3,587$2,934$2,384$1,925$1,546$974
20 years$3,371$2,726$2,188$1,743$1,381$844
21 years$3,177$2,540$2,012$1,582$1,236$733
22 years$3,001$2,371$1,855$1,439$1,108$637
23 years$2,840$2,217$1,712$1,310$994$554
24 years$2,693$2,077$1,584$1,195$894$483
25 years$2,558$1,950$1,467$1,091$804$421
26 years$2,433$1,832$1,360$998$725$367
27 years$2,318$1,724$1,263$913$653$320
28 years$2,211$1,625$1,174$837$589$280
29 years$2,112$1,533$1,093$767$532$244
30 years$2,019$1,448$1,018$704$481$214
31 years$1,933$1,368$949$647$435$187
32 years$1,852$1,295$885$594$393$163
33 years$1,777$1,226$827$547$356$143
34 years$1,705$1,162$772$503$322$125
35 years$1,639$1,102$722$463$292$109
36 years$1,576$1,046$676$426$264$96
37 years$1,516$994$632$393$240$84
38 years$1,460$944$592$362$217$73
39 years$1,407$898$555$334$197$64
40 years$1,356$854$520$308$179$56
41 years$1,308$813$488$284$162$49
42 years$1,263$775$457$262$147$43
43 years$1,220$738$429$242$134$38
44 years$1,179$703$403$224$121$33
45 years$1,139$671$378$206$110$29
46 years$1,102$640$355$191$100$25
47 years$1,066$611$334$176$91$22
48 years$1,032$583$314$163$82$20
49 years$1,000$557$295$150$75$17
50 years$969$532$277$139$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $992,000, adding $4,627 every year, while hoping to spend $59,070 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: 47/41/12 Blend
44$992,000$992,000$992,000$992,000
45$1,097,957$1,045,381$1,030,005$1,145,681
46$1,147,098$1,033,754$1,001,660$1,167,490
47$1,199,273$1,019,579$970,386$1,184,680
48$1,254,726$1,002,666$936,022$1,202,013
49$1,313,730$982,818$898,400$1,219,523
50$1,376,579$959,825$857,345$1,237,251
51$1,443,598$933,464$812,674$1,255,246
52$1,515,141$903,499$764,194$1,273,568
53$1,591,596$869,682$711,705$1,292,285
54$1,673,390$831,747$654,999$1,311,478
55$1,760,989$789,417$593,855$1,331,243
56$1,854,907$742,395$528,046$1,351,690
57$1,955,705$690,369$457,332$1,372,946
58$2,063,999$633,010$381,465$1,395,158
59$2,180,467$569,967$300,184$1,418,494
60$2,305,851$500,873$213,218$1,443,147
61$2,440,969$425,336$120,281$1,469,336
62$2,586,716$342,946$21,079$1,497,313
63$2,744,077$253,267$0$1,527,363
64$2,914,135$155,839$0$1,570,664
65$3,098,080$50,177$0$1,620,312
66$3,297,217$0$0$1,674,062
67$3,512,986$0$0$1,761,404
68$3,746,965$0$0$1,880,761
69$4,000,894$0$0$2,010,393
70$4,276,683$0$0$2,151,287
71$4,576,434$0$0$2,304,532
72$4,902,462$0$0$2,471,322
73$5,257,311$0$0$2,652,975
74$5,643,780$0$0$2,850,938
75$6,064,951$0$0$3,066,805
76$6,524,215$0$0$3,302,330
77$7,025,304$0$0$3,559,444
78$7,572,325$0$0$3,840,273
79$8,169,803$0$0$4,147,155
80$8,822,713$0$0$4,482,668
81$9,536,537$0$0$4,849,646
82$10,317,310$0$0$5,251,214
83$11,171,675$0$0$5,690,809
84$12,106,947$0$0$6,172,217
85$13,131,185$0$0$6,699,610
86$14,253,258$0$0$7,277,577
87$15,482,938$0$0$7,911,178
88$16,830,984$0$0$8,605,981
89$18,309,248$0$0$9,368,122
90$19,930,781$0$0$10,204,358
91$21,709,962$0$0$11,122,131
92$23,662,627$0$0$12,129,641
93$25,806,217$0$0$13,235,917
94$28,159,949$0$0$14,450,909
95$30,744,989$0$0$15,785,576
96$33,584,654$0$0$17,251,990
97$36,704,630$0$0$18,863,450
98$40,133,216$0$0$20,634,611
99$43,901,586$0$0$22,581,613
100$48,044,085$0$0$24,722,240