Can I retire at age 45 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$82,084$81,352$80,639$79,943$79,263$77,253
2 years$40,635$39,879$39,145$38,434$37,744$35,732
3 years$26,821$26,061$25,330$24,625$23,947$21,995
4 years$19,915$19,158$18,433$17,741$17,079$15,204
5 years$15,773$15,020$14,305$13,627$12,983$11,189
6 years$13,012$12,265$11,561$10,897$10,273$8,562
7 years$11,041$10,300$9,607$8,959$8,355$6,727
8 years$9,564$8,829$8,147$7,516$6,931$5,385
9 years$8,415$7,687$7,017$6,402$5,837$4,372
10 years$7,496$6,776$6,118$5,518$4,973$3,588
11 years$6,745$6,032$5,386$4,803$4,277$2,969
12 years$6,120$5,414$4,780$4,213$3,707$2,473
13 years$5,591$4,893$4,271$3,719$3,232$2,071
14 years$5,139$4,447$3,837$3,301$2,833$1,742
15 years$4,747$4,063$3,464$2,944$2,495$1,471
16 years$4,404$3,728$3,141$2,636$2,205$1,245
17 years$4,102$3,433$2,858$2,369$1,955$1,057
18 years$3,833$3,172$2,609$2,135$1,738$899
19 years$3,594$2,940$2,389$1,929$1,549$766
20 years$3,378$2,732$2,192$1,747$1,384$654
21 years$3,184$2,545$2,016$1,585$1,238$559
22 years$3,007$2,375$1,858$1,442$1,110$478
23 years$2,846$2,222$1,716$1,313$996$409
24 years$2,698$2,082$1,587$1,197$896$350
25 years$2,563$1,953$1,470$1,094$806$300
26 years$2,438$1,836$1,363$1,000$726$258
27 years$2,322$1,728$1,266$915$655$221
28 years$2,215$1,628$1,177$839$591$190
29 years$2,116$1,536$1,095$769$533$163
30 years$2,023$1,451$1,020$706$482$140
31 years$1,937$1,371$951$648$436$120
32 years$1,856$1,297$887$596$394$103
33 years$1,780$1,229$828$548$357$89
34 years$1,709$1,165$774$504$323$76
35 years$1,642$1,105$724$464$292$66
36 years$1,579$1,048$677$427$265$56
37 years$1,519$996$634$394$240$49
38 years$1,463$946$593$363$218$42
39 years$1,409$900$556$335$197$36
40 years$1,359$856$521$309$179$31
41 years$1,311$815$489$285$162$27
42 years$1,266$776$458$263$147$23
43 years$1,222$739$430$243$134$20
44 years$1,181$705$404$224$121$17
45 years$1,142$672$379$207$110$15
46 years$1,104$641$356$191$100$13
47 years$1,069$612$334$177$91$11
48 years$1,034$584$314$163$83$9
49 years$1,002$558$295$151$75$8
50 years$970$533$278$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $994,000, adding $4,239 every year, while hoping to spend $28,610 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: 39/44/17 Blend
44$994,000$994,000$994,000$994,000
45$1,099,761$1,047,079$1,031,672$1,136,911
46$1,181,495$1,067,945$1,035,792$1,184,728
47$1,270,608$1,088,874$1,039,091$1,233,331
48$1,367,821$1,109,840$1,041,512$1,285,280
49$1,473,930$1,130,813$1,042,993$1,340,892
50$1,589,810$1,151,762$1,043,472$1,400,518
51$1,716,423$1,172,651$1,042,882$1,464,545
52$1,854,832$1,193,444$1,041,151$1,533,399
53$2,006,203$1,214,101$1,038,208$1,607,550
54$2,171,822$1,234,579$1,033,975$1,687,518
55$2,353,106$1,254,832$1,028,371$1,773,875
56$2,551,613$1,274,809$1,021,312$1,867,255
57$2,769,061$1,294,457$1,012,709$1,968,355
58$3,007,339$1,313,720$1,002,469$2,077,944
59$3,268,531$1,332,535$990,494$2,196,873
60$3,554,929$1,350,837$976,684$2,326,078
61$3,869,059$1,368,556$960,930$2,466,595
62$4,213,704$1,385,615$943,122$2,619,564
63$4,591,927$1,401,936$923,142$2,786,245
64$5,007,105$1,417,432$900,869$2,968,028
65$5,462,955$1,432,012$876,173$3,166,446
66$5,963,573$1,445,577$848,922$3,383,191
67$6,513,471$1,458,024$818,975$3,620,129
68$7,117,620$1,469,242$786,185$3,879,320
69$7,781,495$1,479,113$750,400$4,163,036
70$8,511,128$1,487,510$711,459$4,473,783
71$9,313,165$1,494,300$669,195$4,814,326
72$10,194,928$1,499,341$623,433$5,187,716
73$11,164,483$1,502,481$573,990$5,597,318
74$12,230,717$1,503,560$520,676$6,046,844
75$13,403,422$1,502,406$463,291$6,540,387
76$14,693,386$1,498,839$401,626$7,082,465
77$16,112,495$1,492,665$335,464$7,678,059
78$17,673,846$1,483,682$264,578$8,332,664
79$19,391,867$1,471,671$188,730$9,052,338
80$21,282,457$1,456,403$107,673$9,843,767
81$23,363,136$1,437,635$21,148$10,714,321
82$25,653,204$1,415,108$0$11,672,129
83$28,173,931$1,388,548$0$12,739,070
84$30,948,752$1,357,666$0$13,917,050
85$34,003,488$1,322,155$0$15,213,186
86$37,366,593$1,281,690$0$16,639,554
87$41,069,419$1,235,927$0$18,209,472
88$45,146,514$1,184,501$0$19,937,618
89$49,635,944$1,127,028$0$21,840,175
90$54,579,658$1,063,100$0$23,934,983
91$60,023,878$992,286$0$26,241,707
92$66,019,536$914,131$0$28,782,027
93$72,622,758$828,153$0$31,579,842
94$79,895,390$733,842$0$34,661,496
95$87,905,580$630,662$0$38,056,030
96$96,728,428$518,042$0$41,795,456
97$106,446,685$395,383$0$45,915,063
98$117,151,540$262,051$0$50,453,748
99$128,943,481$117,375$0$55,454,389
100$141,933,238$0$0$60,964,249