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%14.4%
1 years$81,918$81,189$80,477$79,782$79,103$77,665
2 years$40,554$39,798$39,066$38,357$37,668$36,224
3 years$26,767$26,009$25,279$24,576$23,898$22,494
4 years$19,875$19,119$18,396$17,705$17,044$15,690
5 years$15,741$14,990$14,276$13,599$12,957$11,657
6 years$12,986$12,240$11,537$10,876$10,252$9,008
7 years$11,019$10,279$9,588$8,941$8,338$7,149
8 years$9,544$8,811$8,131$7,501$6,917$5,784
9 years$8,398$7,672$7,003$6,389$5,825$4,747
10 years$7,481$6,762$6,106$5,507$4,963$3,939
11 years$6,732$6,020$5,375$4,793$4,269$3,297
12 years$6,108$5,403$4,770$4,204$3,699$2,779
13 years$5,580$4,883$4,262$3,712$3,226$2,355
14 years$5,128$4,439$3,829$3,295$2,828$2,006
15 years$4,737$4,055$3,458$2,938$2,490$1,715
16 years$4,395$3,720$3,135$2,631$2,200$1,470
17 years$4,093$3,426$2,852$2,364$1,951$1,264
18 years$3,826$3,166$2,604$2,130$1,735$1,090
19 years$3,587$2,934$2,384$1,925$1,546$941
20 years$3,371$2,726$2,188$1,743$1,381$814
21 years$3,177$2,540$2,012$1,582$1,236$705
22 years$3,001$2,371$1,855$1,439$1,108$611
23 years$2,840$2,217$1,712$1,310$994$531
24 years$2,693$2,077$1,584$1,195$894$461
25 years$2,558$1,950$1,467$1,091$804$401
26 years$2,433$1,832$1,360$998$725$349
27 years$2,318$1,724$1,263$913$653$304
28 years$2,211$1,625$1,174$837$589$265
29 years$2,112$1,533$1,093$767$532$231
30 years$2,019$1,448$1,018$704$481$201
31 years$1,933$1,368$949$647$435$175
32 years$1,852$1,295$885$594$393$153
33 years$1,777$1,226$827$547$356$134
34 years$1,705$1,162$772$503$322$117
35 years$1,639$1,102$722$463$292$102
36 years$1,576$1,046$676$426$264$89
37 years$1,516$994$632$393$240$78
38 years$1,460$944$592$362$217$68
39 years$1,407$898$555$334$197$59
40 years$1,356$854$520$308$179$52
41 years$1,308$813$488$284$162$45
42 years$1,263$775$457$262$147$39
43 years$1,220$738$429$242$134$34
44 years$1,179$703$403$224$121$30
45 years$1,139$671$378$206$110$26
46 years$1,102$640$355$191$100$23
47 years$1,066$611$334$176$91$20
48 years$1,032$583$314$163$82$18
49 years$1,000$557$295$150$75$15
50 years$969$532$277$139$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $992,000, adding $2,497 every year, while hoping to spend $31,341 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: 63/22/15 Blend
44$992,000$992,000$992,000$992,000
45$1,095,760$1,043,184$1,027,808$1,160,618
46$1,174,181$1,060,953$1,028,893$1,222,207
47$1,259,550$1,078,543$1,028,964$1,285,630
48$1,352,544$1,095,911$1,027,953$1,354,130
49$1,453,905$1,113,012$1,025,792$1,428,203
50$1,564,452$1,129,799$1,022,405$1,508,392
51$1,685,086$1,146,219$1,017,715$1,595,301
52$1,816,798$1,162,217$1,011,642$1,689,592
53$1,960,680$1,177,734$1,004,100$1,791,997
54$2,117,932$1,192,705$995,000$1,903,320
55$2,289,878$1,207,065$984,249$2,024,450
56$2,477,973$1,220,739$971,750$2,156,366
57$2,683,822$1,233,651$957,399$2,300,148
58$2,909,190$1,245,718$941,090$2,456,987
59$3,156,022$1,256,852$922,711$2,628,195
60$3,426,458$1,266,960$902,143$2,815,218
61$3,722,857$1,275,942$879,266$3,019,652
62$4,047,817$1,283,691$853,949$3,243,256
63$4,404,197$1,290,094$826,059$3,487,969
64$4,795,148$1,295,032$795,455$3,755,928
65$5,224,140$1,298,376$761,990$4,049,491
66$5,694,996$1,299,990$725,510$4,371,256
67$6,211,926$1,299,730$685,856$4,724,089
68$6,779,568$1,297,442$642,857$5,111,148
69$7,403,032$1,292,964$596,341$5,535,915
70$8,087,945$1,286,124$546,122$6,002,231
71$8,840,508$1,276,736$492,010$6,514,327
72$9,667,552$1,264,608$433,804$7,076,871
73$10,576,601$1,249,533$371,296$7,695,007
74$11,575,947$1,231,293$304,267$8,374,406
75$12,674,723$1,209,656$232,489$9,121,322
76$13,882,991$1,184,376$155,724$9,942,647
77$15,211,840$1,155,194$73,725$10,845,980
78$16,673,484$1,121,835$0$11,839,699
79$18,281,382$1,084,007$0$12,935,244
80$20,050,363$1,041,403$0$14,153,325
81$21,996,764$993,696$0$15,493,397
82$24,138,588$940,541$0$16,967,880
83$26,495,670$881,574$0$18,590,459
84$29,089,865$816,408$0$20,376,217
85$31,945,255$744,635$0$22,341,781
86$35,088,373$665,824$0$24,505,470
87$38,548,457$579,520$0$26,887,479
88$42,357,724$485,241$0$29,510,062
89$46,551,672$382,478$0$32,397,746
90$51,169,416$270,693$0$35,577,565
91$56,254,059$149,319$0$39,079,310
92$61,853,094$17,757$0$42,935,817
93$68,018,856$0$0$47,183,272
94$74,809,014$0$0$51,891,728
95$82,287,112$0$0$57,082,050
96$90,523,176$0$0$62,798,551
97$99,594,366$0$0$69,094,801
98$109,585,708$0$0$76,029,829
99$120,590,898$0$0$83,668,681
100$132,713,182$0$0$92,083,036