Can I retire at age 45 with 993,000?

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 $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%15.7%
1 years$82,001$81,271$80,558$79,862$79,183$77,332
2 years$40,595$39,839$39,106$38,395$37,706$35,852
3 years$26,794$26,035$25,304$24,600$23,922$22,122
4 years$19,895$19,138$18,415$17,723$17,062$15,330
5 years$15,757$15,005$14,291$13,613$12,970$11,312
6 years$12,999$12,253$11,549$10,886$10,263$8,679
7 years$11,030$10,290$9,597$8,950$8,346$6,838
8 years$9,554$8,820$8,139$7,508$6,924$5,491
9 years$8,406$7,680$7,010$6,395$5,831$4,471
10 years$7,489$6,769$6,112$5,513$4,968$3,681
11 years$6,739$6,026$5,381$4,798$4,273$3,055
12 years$6,114$5,409$4,775$4,208$3,703$2,554
13 years$5,586$4,888$4,266$3,715$3,229$2,146
14 years$5,133$4,443$3,833$3,298$2,831$1,811
15 years$4,742$4,059$3,461$2,941$2,492$1,534
16 years$4,399$3,724$3,138$2,634$2,203$1,304
17 years$4,098$3,429$2,855$2,366$1,953$1,111
18 years$3,830$3,169$2,607$2,132$1,737$948
19 years$3,590$2,937$2,386$1,927$1,548$811
20 years$3,375$2,729$2,190$1,745$1,383$695
21 years$3,180$2,542$2,014$1,584$1,237$596
22 years$3,004$2,373$1,857$1,440$1,109$511
23 years$2,843$2,219$1,714$1,312$995$440
24 years$2,695$2,079$1,585$1,196$895$378
25 years$2,560$1,951$1,468$1,092$805$325
26 years$2,435$1,834$1,362$999$725$280
27 years$2,320$1,726$1,265$914$654$241
28 years$2,213$1,626$1,176$838$590$208
29 years$2,114$1,534$1,094$768$533$179
30 years$2,021$1,449$1,019$705$481$155
31 years$1,935$1,370$950$647$435$134
32 years$1,854$1,296$886$595$394$115
33 years$1,778$1,227$828$547$356$99
34 years$1,707$1,163$773$503$323$86
35 years$1,640$1,103$723$463$292$74
36 years$1,577$1,047$676$427$265$64
37 years$1,518$995$633$393$240$55
38 years$1,461$945$593$362$218$48
39 years$1,408$899$555$334$197$41
40 years$1,358$855$521$308$179$36
41 years$1,310$814$488$284$162$31
42 years$1,264$775$458$262$147$27
43 years$1,221$739$430$242$134$23
44 years$1,180$704$403$224$121$20
45 years$1,141$671$379$207$110$17
46 years$1,103$641$356$191$100$15
47 years$1,067$611$334$176$91$13
48 years$1,033$584$314$163$82$11
49 years$1,001$557$295$151$75$10
50 years$970$532$277$139$68$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $993,000, adding $4,997 every year, while hoping to spend $20,076 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: 28/43/29 Blend
44$993,000$993,000$993,000$993,000
45$1,099,440$1,046,811$1,031,420$1,120,255
46$1,190,223$1,076,744$1,044,612$1,167,296
47$1,289,592$1,107,471$1,057,573$1,215,742
48$1,398,402$1,139,010$1,070,274$1,267,390
49$1,517,596$1,171,378$1,082,684$1,322,531
50$1,648,209$1,204,593$1,094,772$1,381,482
51$1,791,382$1,238,675$1,106,503$1,444,594
52$1,948,374$1,273,640$1,117,842$1,512,252
53$2,120,568$1,309,509$1,128,750$1,584,881
54$2,309,490$1,346,298$1,139,187$1,662,947
55$2,516,820$1,384,029$1,149,111$1,746,965
56$2,744,407$1,422,718$1,158,478$1,837,502
57$2,994,292$1,462,386$1,167,242$1,935,180
58$3,268,718$1,503,051$1,175,353$2,040,687
59$3,570,159$1,544,733$1,182,759$2,154,779
60$3,901,340$1,587,450$1,189,407$2,278,288
61$4,265,263$1,631,221$1,195,238$2,412,134
62$4,665,235$1,676,066$1,200,193$2,557,326
63$5,104,898$1,722,003$1,204,210$2,714,979
64$5,588,267$1,769,051$1,207,220$2,886,319
65$6,119,764$1,817,228$1,209,156$3,072,699
66$6,704,261$1,866,553$1,209,944$3,275,608
67$7,347,126$1,917,043$1,209,506$3,496,688
68$8,054,271$1,968,718$1,207,764$3,737,748
69$8,832,215$2,021,593$1,204,632$4,000,781
70$9,688,136$2,075,686$1,200,022$4,287,984
71$10,629,944$2,131,012$1,193,841$4,601,776
72$11,666,355$2,187,589$1,185,992$4,944,825
73$12,806,974$2,245,431$1,176,373$5,320,072
74$14,062,381$2,304,553$1,164,877$5,730,755
75$15,444,236$2,364,969$1,151,393$6,180,446
76$16,965,386$2,426,690$1,135,802$6,673,078
77$18,639,988$2,489,730$1,117,984$7,212,989
78$20,483,639$2,554,100$1,097,809$7,804,959
79$22,513,527$2,619,808$1,075,142$8,454,255
80$24,748,592$2,686,863$1,049,844$9,166,681
81$27,209,701$2,755,272$1,021,767$9,948,638
82$29,919,852$2,825,041$990,757$10,807,177
83$32,904,382$2,896,174$956,654$11,750,071
84$36,191,216$2,968,673$919,288$12,785,884
85$39,811,119$3,042,537$878,483$13,924,060
86$43,797,997$3,117,766$834,057$15,175,003
87$48,189,211$3,194,354$785,815$16,550,182
88$53,025,928$3,272,295$733,558$18,062,236
89$58,353,516$3,351,580$677,075$19,725,098
90$64,221,963$3,432,197$616,146$21,554,120
91$70,686,359$3,514,130$550,542$23,566,226
92$77,807,407$3,597,362$480,025$25,780,065
93$85,651,999$3,681,869$404,342$28,216,194
94$94,293,849$3,767,627$323,233$30,897,268
95$103,814,186$3,854,605$236,426$33,848,256
96$114,302,522$3,942,769$143,635$37,096,677
97$125,857,495$4,032,081$44,564$40,672,861
98$138,587,804$4,122,498$0$44,610,235
99$152,613,229$4,213,969$0$48,964,564
100$168,065,765$4,306,440$0$53,773,473