Can I retire at age 45 with 994,000?

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 $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%18.8%
1 years$82,084$81,352$80,639$79,943$79,263$76,451
2 years$40,635$39,879$39,145$38,434$37,744$34,941
3 years$26,821$26,061$25,330$24,625$23,947$21,240
4 years$19,915$19,158$18,433$17,741$17,079$14,490
5 years$15,773$15,020$14,305$13,627$12,983$10,519
6 years$13,012$12,265$11,561$10,897$10,273$7,935
7 years$11,041$10,300$9,607$8,959$8,355$6,143
8 years$9,564$8,829$8,147$7,516$6,931$4,843
9 years$8,415$7,687$7,017$6,402$5,837$3,870
10 years$7,496$6,776$6,118$5,518$4,973$3,125
11 years$6,745$6,032$5,386$4,803$4,277$2,543
12 years$6,120$5,414$4,780$4,213$3,707$2,082
13 years$5,591$4,893$4,271$3,719$3,232$1,713
14 years$5,139$4,447$3,837$3,301$2,833$1,415
15 years$4,747$4,063$3,464$2,944$2,495$1,173
16 years$4,404$3,728$3,141$2,636$2,205$975
17 years$4,102$3,433$2,858$2,369$1,955$812
18 years$3,833$3,172$2,609$2,135$1,738$677
19 years$3,594$2,940$2,389$1,929$1,549$566
20 years$3,378$2,732$2,192$1,747$1,384$473
21 years$3,184$2,545$2,016$1,585$1,238$396
22 years$3,007$2,375$1,858$1,442$1,110$332
23 years$2,846$2,222$1,716$1,313$996$279
24 years$2,698$2,082$1,587$1,197$896$234
25 years$2,563$1,953$1,470$1,094$806$196
26 years$2,438$1,836$1,363$1,000$726$165
27 years$2,322$1,728$1,266$915$655$139
28 years$2,215$1,628$1,177$839$591$116
29 years$2,116$1,536$1,095$769$533$98
30 years$2,023$1,451$1,020$706$482$82
31 years$1,937$1,371$951$648$436$69
32 years$1,856$1,297$887$596$394$58
33 years$1,780$1,229$828$548$357$49
34 years$1,709$1,165$774$504$323$41
35 years$1,642$1,105$724$464$292$35
36 years$1,579$1,048$677$427$265$29
37 years$1,519$996$634$394$240$25
38 years$1,463$946$593$363$218$21
39 years$1,409$900$556$335$197$17
40 years$1,359$856$521$309$179$15
41 years$1,311$815$489$285$162$12
42 years$1,266$776$458$263$147$10
43 years$1,222$739$430$243$134$9
44 years$1,181$705$404$224$121$7
45 years$1,142$672$379$207$110$6
46 years$1,104$641$356$191$100$5
47 years$1,069$612$334$177$91$4
48 years$1,034$584$314$163$83$4
49 years$1,002$558$295$151$75$3
50 years$970$533$278$139$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $994,000, adding $6,383 every year, while hoping to spend $36,645 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: 71/6/23 Blend
44$994,000$994,000$994,000$994,000
45$1,101,972$1,049,290$1,033,883$1,173,460
46$1,175,383$1,061,715$1,029,528$1,234,430
47$1,255,054$1,073,521$1,023,799$1,296,250
48$1,341,585$1,084,639$1,016,611$1,363,049
49$1,435,634$1,094,994$1,007,876$1,435,320
50$1,537,929$1,104,509$997,500$1,513,602
51$1,649,268$1,113,100$985,386$1,598,492
52$1,770,529$1,120,677$971,432$1,690,648
53$1,902,679$1,127,147$955,531$1,790,795
54$2,046,783$1,132,407$937,572$1,899,734
55$2,204,011$1,136,351$917,437$2,018,345
56$2,375,652$1,138,865$895,004$2,147,601
57$2,563,127$1,139,827$870,144$2,288,575
58$2,767,996$1,139,109$842,724$2,442,450
59$2,991,980$1,136,574$812,604$2,610,528
60$3,236,972$1,132,076$779,636$2,794,248
61$3,505,057$1,125,462$743,668$2,995,194
62$3,798,532$1,116,569$704,540$3,215,116
63$4,119,923$1,105,222$662,083$3,455,941
64$4,472,016$1,091,238$616,123$3,719,793
65$4,857,876$1,074,423$566,478$4,009,016
66$5,280,879$1,054,569$512,955$4,326,194
67$5,744,745$1,031,460$455,355$4,674,175
68$6,253,570$1,004,862$393,470$5,056,101
69$6,811,864$974,531$327,082$5,475,434
70$7,424,599$940,207$255,963$5,935,993
71$8,097,247$901,616$179,877$6,441,986
72$8,835,838$858,467$98,575$6,998,054
73$9,647,015$810,453$11,798$7,609,314
74$10,538,094$757,249$0$8,281,407
75$11,517,136$698,511$0$9,040,381
76$12,593,022$633,876$0$9,877,641
77$13,775,534$562,960$0$10,797,916
78$15,075,450$485,356$0$11,809,616
79$16,504,644$400,637$0$12,922,001
80$18,076,198$308,348$0$14,145,279
81$19,804,525$208,012$0$15,490,696
82$21,705,504$99,122$0$16,970,645
83$23,796,633$0$0$18,598,780
84$26,097,187$0$0$20,391,393
85$28,628,407$0$0$22,371,002
86$31,413,694$0$0$24,549,371
87$34,478,834$0$0$26,946,674
88$37,852,239$0$0$29,585,140
89$41,565,212$0$0$32,489,261
90$45,652,248$0$0$35,686,025
91$50,151,354$0$0$39,205,170
92$55,104,410$0$0$43,079,461
93$60,557,563$0$0$47,345,004
94$66,561,661$0$0$52,041,583
95$73,172,735$0$0$57,213,035
96$80,452,524$0$0$62,907,666
97$88,469,062$0$0$69,178,706
98$97,297,313$0$0$76,084,807
99$107,019,885$0$0$83,690,601
100$117,727,804$0$0$92,067,308