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%18%
1 years$82,001$81,271$80,558$79,862$79,183$76,618
2 years$40,595$39,839$39,106$38,395$37,706$35,146
3 years$26,794$26,035$25,304$24,600$23,922$21,447
4 years$19,895$19,138$18,415$17,723$17,062$14,691
5 years$15,757$15,005$14,291$13,613$12,970$10,709
6 years$12,999$12,253$11,549$10,886$10,263$8,115
7 years$11,030$10,290$9,597$8,950$8,346$6,310
8 years$9,554$8,820$8,139$7,508$6,924$4,999
9 years$8,406$7,680$7,010$6,395$5,831$4,014
10 years$7,489$6,769$6,112$5,513$4,968$3,257
11 years$6,739$6,026$5,381$4,798$4,273$2,664
12 years$6,114$5,409$4,775$4,208$3,703$2,193
13 years$5,586$4,888$4,266$3,715$3,229$1,815
14 years$5,133$4,443$3,833$3,298$2,831$1,508
15 years$4,742$4,059$3,461$2,941$2,492$1,257
16 years$4,399$3,724$3,138$2,634$2,203$1,050
17 years$4,098$3,429$2,855$2,366$1,953$880
18 years$3,830$3,169$2,607$2,132$1,737$739
19 years$3,590$2,937$2,386$1,927$1,548$621
20 years$3,375$2,729$2,190$1,745$1,383$523
21 years$3,180$2,542$2,014$1,584$1,237$440
22 years$3,004$2,373$1,857$1,440$1,109$371
23 years$2,843$2,219$1,714$1,312$995$313
24 years$2,695$2,079$1,585$1,196$895$265
25 years$2,560$1,951$1,468$1,092$805$224
26 years$2,435$1,834$1,362$999$725$189
27 years$2,320$1,726$1,265$914$654$160
28 years$2,213$1,626$1,176$838$590$135
29 years$2,114$1,534$1,094$768$533$114
30 years$2,021$1,449$1,019$705$481$97
31 years$1,935$1,370$950$647$435$82
32 years$1,854$1,296$886$595$394$69
33 years$1,778$1,227$828$547$356$59
34 years$1,707$1,163$773$503$323$50
35 years$1,640$1,103$723$463$292$42
36 years$1,577$1,047$676$427$265$36
37 years$1,518$995$633$393$240$30
38 years$1,461$945$593$362$218$26
39 years$1,408$899$555$334$197$22
40 years$1,358$855$521$308$179$18
41 years$1,310$814$488$284$162$16
42 years$1,264$775$458$262$147$13
43 years$1,221$739$430$242$134$11
44 years$1,180$704$403$224$121$9
45 years$1,141$671$379$207$110$8
46 years$1,103$641$356$191$100$7
47 years$1,067$611$334$176$91$6
48 years$1,033$584$314$163$82$5
49 years$1,001$557$295$151$75$4
50 years$970$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 $993,000, adding $3,083 every year, while hoping to spend $58,463 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: 25/46/29 Blend
44$993,000$993,000$993,000$993,000
45$1,097,466$1,044,837$1,029,446$1,114,884
46$1,147,203$1,033,830$1,001,728$1,118,744
47$1,200,055$1,020,324$971,122$1,117,728
48$1,256,275$1,004,135$937,470$1,115,436
49$1,316,146$985,068$900,606$1,111,801
50$1,379,973$962,916$860,356$1,106,757
51$1,448,092$937,461$816,539$1,100,236
52$1,520,871$908,470$768,967$1,092,171
53$1,598,713$875,699$717,441$1,082,496
54$1,682,060$838,887$661,754$1,071,146
55$1,771,398$797,760$601,690$1,058,056
56$1,867,258$752,027$537,024$1,043,166
57$1,970,224$701,382$467,520$1,026,418
58$2,080,936$645,499$392,931$1,007,757
59$2,200,098$584,035$313,001$987,135
60$2,328,482$516,627$227,461$964,509
61$2,466,936$442,891$136,030$939,844
62$2,616,393$362,422$38,416$913,114
63$2,777,876$274,791$0$884,302
64$2,952,510$179,547$0$873,752
65$3,141,533$76,211$0$875,135
66$3,346,303$0$0$876,684
67$3,568,317$0$0$896,632
68$3,809,218$0$0$960,277
69$4,070,815$0$0$1,029,539
70$4,355,095$0$0$1,104,961
71$4,664,248$0$0$1,187,144
72$5,000,679$0$0$1,276,748
73$5,367,037$0$0$1,374,500
74$5,766,238$0$0$1,481,200
75$6,201,487$0$0$1,597,729
76$6,676,315$0$0$1,725,054
77$7,194,607$0$0$1,864,244
78$7,760,641$0$0$2,016,473
79$8,379,123$0$0$2,183,035
80$9,055,238$0$0$2,365,355
81$9,794,692$0$0$2,564,999
82$10,603,769$0$0$2,783,697
83$11,489,388$0$0$3,023,349
84$12,459,166$0$0$3,286,050
85$13,521,494$0$0$3,574,109
86$14,685,612$0$0$3,890,065
87$15,961,696$0$0$4,236,717
88$17,360,951$0$0$4,617,149
89$18,895,722$0$0$5,034,756
90$20,579,604$0$0$5,493,279
91$22,427,573$0$0$5,996,837
92$24,456,123$0$0$6,549,971
93$26,683,425$0$0$7,157,681
94$29,129,494$0$0$7,825,474
95$31,816,379$0$0$8,559,420
96$34,768,371$0$0$9,366,205
97$38,012,227$0$0$10,253,195
98$41,577,427$0$0$11,228,503
99$45,496,449$0$0$12,301,072
100$49,805,071$0$0$13,480,752