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%14.5%
1 years$82,084$81,352$80,639$79,943$79,263$77,790
2 years$40,635$39,879$39,145$38,434$37,744$36,266
3 years$26,821$26,061$25,330$24,625$23,947$22,508
4 years$19,915$19,158$18,433$17,741$17,079$15,692
5 years$15,773$15,020$14,305$13,627$12,983$11,652
6 years$13,012$12,265$11,561$10,897$10,273$8,999
7 years$11,041$10,300$9,607$8,959$8,355$7,138
8 years$9,564$8,829$8,147$7,516$6,931$5,772
9 years$8,415$7,687$7,017$6,402$5,837$4,734
10 years$7,496$6,776$6,118$5,518$4,973$3,926
11 years$6,745$6,032$5,386$4,803$4,277$3,284
12 years$6,120$5,414$4,780$4,213$3,707$2,766
13 years$5,591$4,893$4,271$3,719$3,232$2,343
14 years$5,139$4,447$3,837$3,301$2,833$1,994
15 years$4,747$4,063$3,464$2,944$2,495$1,703
16 years$4,404$3,728$3,141$2,636$2,205$1,460
17 years$4,102$3,433$2,858$2,369$1,955$1,254
18 years$3,833$3,172$2,609$2,135$1,738$1,080
19 years$3,594$2,940$2,389$1,929$1,549$932
20 years$3,378$2,732$2,192$1,747$1,384$806
21 years$3,184$2,545$2,016$1,585$1,238$697
22 years$3,007$2,375$1,858$1,442$1,110$604
23 years$2,846$2,222$1,716$1,313$996$524
24 years$2,698$2,082$1,587$1,197$896$455
25 years$2,563$1,953$1,470$1,094$806$395
26 years$2,438$1,836$1,363$1,000$726$344
27 years$2,322$1,728$1,266$915$655$299
28 years$2,215$1,628$1,177$839$591$260
29 years$2,116$1,536$1,095$769$533$227
30 years$2,023$1,451$1,020$706$482$198
31 years$1,937$1,371$951$648$436$172
32 years$1,856$1,297$887$596$394$150
33 years$1,780$1,229$828$548$357$131
34 years$1,709$1,165$774$504$323$114
35 years$1,642$1,105$724$464$292$100
36 years$1,579$1,048$677$427$265$87
37 years$1,519$996$634$394$240$76
38 years$1,463$946$593$363$218$66
39 years$1,409$900$556$335$197$58
40 years$1,359$856$521$309$179$50
41 years$1,311$815$489$285$162$44
42 years$1,266$776$458$263$147$38
43 years$1,222$739$430$243$134$33
44 years$1,181$705$404$224$121$29
45 years$1,142$672$379$207$110$26
46 years$1,104$641$356$191$100$22
47 years$1,069$612$334$177$91$19
48 years$1,034$584$314$163$83$17
49 years$1,002$558$295$151$75$15
50 years$970$533$278$139$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $994,000, adding $3,441 every year, while hoping to spend $51,673 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: 47/24/29 Blend
44$994,000$994,000$994,000$994,000
45$1,098,937$1,046,255$1,030,848$1,141,303
46$1,156,049$1,042,542$1,010,402$1,167,884
47$1,217,255$1,036,915$987,539$1,191,436
48$1,282,917$1,029,226$962,124$1,216,015
49$1,353,434$1,019,318$934,014$1,241,748
50$1,429,243$1,007,023$903,062$1,268,772
51$1,510,823$992,165$869,113$1,297,246
52$1,598,703$974,557$832,004$1,327,348
53$1,693,460$954,000$791,566$1,359,276
54$1,795,731$930,283$747,621$1,393,254
55$1,906,214$903,186$699,985$1,429,532
56$2,025,677$872,471$648,463$1,468,390
57$2,154,963$837,889$592,854$1,510,144
58$2,295,000$799,177$532,945$1,555,142
59$2,446,809$756,055$468,517$1,603,778
60$2,611,510$708,228$399,339$1,656,489
61$2,790,337$655,384$325,170$1,713,762
62$2,984,647$597,194$245,759$1,776,144
63$3,195,932$533,307$160,843$1,844,239
64$3,425,834$463,356$70,148$1,918,725
65$3,676,159$386,950$0$2,000,352
66$3,948,895$303,678$0$2,098,201
67$4,246,230$213,106$0$2,228,658
68$4,570,571$114,775$0$2,371,127
69$4,924,569$8,198$0$2,526,855
70$5,311,140$0$0$2,697,226
71$5,733,496$0$0$2,912,059
72$6,195,172$0$0$3,149,366
73$6,700,060$0$0$3,408,998
74$7,252,445$0$0$3,693,171
75$7,857,046$0$0$4,004,329
76$8,519,060$0$0$4,345,160
77$9,244,207$0$0$4,718,626
78$10,038,790$0$0$5,127,989
79$10,909,749$0$0$5,576,841
80$11,864,725$0$0$6,069,138
81$12,912,138$0$0$6,609,239
82$14,061,259$0$0$7,201,942
83$15,322,301$0$0$7,852,537
84$16,706,514$0$0$8,566,846
85$18,226,288$0$0$9,351,285
86$19,895,274$0$0$10,212,921
87$21,728,508$0$0$11,159,540
88$23,742,556$0$0$12,199,718
89$25,955,666$0$0$13,342,905
90$28,387,941$0$0$14,599,509
91$31,061,529$0$0$15,981,000
92$34,000,830$0$0$17,500,011
93$37,232,728$0$0$19,170,463
94$40,786,839$0$0$21,007,693
95$44,695,796$0$0$23,028,598
96$48,995,550$0$0$25,251,797
97$53,725,714$0$0$27,697,802
98$58,929,931$0$0$30,389,214
99$64,656,291$0$0$33,350,937
100$70,957,779$0$0$36,610,409