Can I retire at age 45 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$82,001$81,271$80,558$79,862$79,183$76,012
2 years$40,595$39,839$39,106$38,395$37,706$34,551
3 years$26,794$26,035$25,304$24,600$23,922$20,882
4 years$19,895$19,138$18,415$17,723$17,062$14,160
5 years$15,757$15,005$14,291$13,613$12,970$10,214
6 years$12,999$12,253$11,549$10,886$10,263$7,655
7 years$11,030$10,290$9,597$8,950$8,346$5,885
8 years$9,554$8,820$8,139$7,508$6,924$4,607
9 years$8,406$7,680$7,010$6,395$5,831$3,655
10 years$7,489$6,769$6,112$5,513$4,968$2,928
11 years$6,739$6,026$5,381$4,798$4,273$2,364
12 years$6,114$5,409$4,775$4,208$3,703$1,920
13 years$5,586$4,888$4,266$3,715$3,229$1,567
14 years$5,133$4,443$3,833$3,298$2,831$1,284
15 years$4,742$4,059$3,461$2,941$2,492$1,055
16 years$4,399$3,724$3,138$2,634$2,203$869
17 years$4,098$3,429$2,855$2,366$1,953$718
18 years$3,830$3,169$2,607$2,132$1,737$593
19 years$3,590$2,937$2,386$1,927$1,548$491
20 years$3,375$2,729$2,190$1,745$1,383$407
21 years$3,180$2,542$2,014$1,584$1,237$338
22 years$3,004$2,373$1,857$1,440$1,109$280
23 years$2,843$2,219$1,714$1,312$995$233
24 years$2,695$2,079$1,585$1,196$895$194
25 years$2,560$1,951$1,468$1,092$805$161
26 years$2,435$1,834$1,362$999$725$134
27 years$2,320$1,726$1,265$914$654$111
28 years$2,213$1,626$1,176$838$590$93
29 years$2,114$1,534$1,094$768$533$77
30 years$2,021$1,449$1,019$705$481$64
31 years$1,935$1,370$950$647$435$54
32 years$1,854$1,296$886$595$394$45
33 years$1,778$1,227$828$547$356$37
34 years$1,707$1,163$773$503$323$31
35 years$1,640$1,103$723$463$292$26
36 years$1,577$1,047$676$427$265$21
37 years$1,518$995$633$393$240$18
38 years$1,461$945$593$362$218$15
39 years$1,408$899$555$334$197$12
40 years$1,358$855$521$308$179$10
41 years$1,310$814$488$284$162$9
42 years$1,264$775$458$262$147$7
43 years$1,221$739$430$242$134$6
44 years$1,180$704$403$224$121$5
45 years$1,141$671$379$207$110$4
46 years$1,103$641$356$191$100$3
47 years$1,067$611$334$176$91$3
48 years$1,033$584$314$163$82$2
49 years$1,001$557$295$151$75$2
50 years$970$532$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 $993,000, adding $3,081 every year, while hoping to spend $41,718 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: 50/29/21 Blend
44$993,000$993,000$993,000$993,000
45$1,097,464$1,044,835$1,029,444$1,145,748
46$1,165,018$1,051,644$1,019,542$1,186,329
47$1,238,064$1,057,389$1,007,911$1,225,901
48$1,317,118$1,061,973$994,448$1,268,037
49$1,402,748$1,065,294$979,046$1,312,994
50$1,495,578$1,067,243$961,594$1,361,060
51$1,596,294$1,067,705$941,974$1,412,551
52$1,705,650$1,066,556$920,064$1,467,819
53$1,824,476$1,063,667$895,736$1,527,255
54$1,953,686$1,058,900$868,856$1,591,291
55$2,094,282$1,052,107$839,284$1,660,404
56$2,247,371$1,043,132$806,872$1,735,125
57$2,414,169$1,031,811$771,468$1,816,040
58$2,596,013$1,017,969$732,911$1,903,800
59$2,794,377$1,001,420$691,034$1,999,121
60$3,010,881$981,967$645,661$2,102,801
61$3,247,310$959,403$596,610$2,215,720
62$3,505,629$933,507$543,690$2,338,850
63$3,787,999$904,045$486,700$2,473,271
64$4,096,803$870,770$425,431$2,620,173
65$4,434,661$833,422$359,667$2,780,874
66$4,804,459$791,723$289,179$2,956,832
67$5,209,378$745,381$213,731$3,149,657
68$5,652,916$694,086$133,072$3,361,130
69$6,138,929$637,512$46,946$3,593,220
70$6,671,662$575,312$0$3,848,102
71$7,255,790$507,121$0$4,138,256
72$7,896,463$432,553$0$4,468,143
73$8,599,353$351,199$0$4,830,234
74$9,370,708$262,628$0$5,227,839
75$10,217,409$166,386$0$5,664,610
76$11,147,036$61,990$0$6,144,579
77$12,167,941$0$0$6,672,191
78$13,289,320$0$0$7,268,647
79$14,521,308$0$0$7,945,779
80$15,875,068$0$0$8,689,954
81$17,362,898$0$0$9,507,946
82$18,998,346$0$0$10,407,219
83$20,796,340$0$0$11,395,996
84$22,773,324$0$0$12,483,337
85$24,947,417$0$0$13,679,222
86$27,338,581$0$0$14,994,649
87$29,968,809$0$0$16,441,734
88$32,862,334$0$0$18,033,827
89$36,045,854$0$0$19,785,637
90$39,548,788$0$0$21,713,372
91$43,403,548$0$0$23,834,887
92$47,645,849$0$0$26,169,860
93$52,315,041$0$0$28,739,970
94$57,454,483$0$0$31,569,106
95$63,111,954$0$0$34,683,590
96$69,340,095$0$0$38,112,426
97$76,196,914$0$0$41,887,574
98$83,746,329$0$0$46,044,249
99$92,058,771$0$0$50,621,254
100$101,211,846$0$0$55,661,350