Can I retire at age 45 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$82,166$81,434$80,720$80,023$79,343$78,449
2 years$40,676$39,919$39,185$38,473$37,782$36,882
3 years$26,848$26,087$25,355$24,650$23,971$23,093
4 years$19,935$19,177$18,452$17,759$17,096$16,247
5 years$15,789$15,035$14,319$13,640$12,996$12,178
6 years$13,025$12,277$11,572$10,908$10,283$9,498
7 years$11,052$10,310$9,617$8,968$8,363$7,610
8 years$9,573$8,838$8,156$7,523$6,938$6,217
9 years$8,423$7,695$7,024$6,408$5,843$5,154
10 years$7,504$6,783$6,124$5,524$4,978$4,321
11 years$6,752$6,038$5,392$4,808$4,282$3,656
12 years$6,126$5,420$4,785$4,217$3,710$3,115
13 years$5,597$4,898$4,275$3,723$3,235$2,670
14 years$5,144$4,452$3,841$3,305$2,836$2,300
15 years$4,751$4,067$3,468$2,947$2,497$1,989
16 years$4,408$3,731$3,144$2,639$2,207$1,726
17 years$4,106$3,436$2,861$2,371$1,957$1,502
18 years$3,837$3,175$2,612$2,137$1,740$1,310
19 years$3,597$2,943$2,391$1,931$1,551$1,146
20 years$3,382$2,735$2,194$1,749$1,385$1,004
21 years$3,187$2,547$2,018$1,587$1,240$881
22 years$3,010$2,378$1,860$1,443$1,111$774
23 years$2,849$2,224$1,718$1,314$997$681
24 years$2,701$2,084$1,588$1,199$897$599
25 years$2,565$1,955$1,471$1,095$807$528
26 years$2,440$1,838$1,365$1,001$727$466
27 years$2,325$1,730$1,267$916$655$411
28 years$2,218$1,630$1,178$839$591$363
29 years$2,118$1,537$1,096$770$534$321
30 years$2,025$1,452$1,021$706$482$284
31 years$1,939$1,373$952$649$436$251
32 years$1,858$1,299$888$596$394$222
33 years$1,782$1,230$829$548$357$197
34 years$1,711$1,166$775$504$323$174
35 years$1,644$1,106$724$464$293$154
36 years$1,580$1,049$678$428$265$136
37 years$1,521$997$634$394$240$121
38 years$1,464$947$594$363$218$107
39 years$1,411$901$556$335$198$95
40 years$1,360$857$522$309$179$84
41 years$1,312$816$489$285$163$75
42 years$1,267$777$459$263$148$66
43 years$1,223$740$430$243$134$59
44 years$1,182$706$404$224$122$52
45 years$1,143$673$379$207$110$46
46 years$1,105$642$356$191$100$41
47 years$1,070$613$335$177$91$36
48 years$1,035$585$315$163$83$32
49 years$1,003$558$296$151$75$29
50 years$971$533$278$139$68$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $995,000, adding $2,135 every year, while hoping to spend $35,572 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: 71/24/5 Blend
44$995,000$995,000$995,000$995,000
45$1,098,692$1,045,957$1,030,535$1,176,033
46$1,172,911$1,059,361$1,027,209$1,240,744
47$1,253,507$1,072,229$1,022,580$1,306,907
48$1,341,094$1,084,498$1,016,566$1,378,321
49$1,436,347$1,096,099$1,009,083$1,455,491
50$1,540,007$1,106,961$1,000,039$1,538,976
51$1,652,891$1,117,005$989,344$1,629,391
52$1,775,896$1,126,149$976,898$1,727,411
53$1,910,013$1,134,305$962,598$1,833,784
54$2,056,327$1,141,379$946,339$1,949,332
55$2,216,038$1,147,272$928,007$2,074,960
56$2,390,463$1,151,878$907,484$2,211,668
57$2,581,054$1,155,084$884,649$2,360,557
58$2,789,409$1,156,770$859,371$2,522,840
59$3,017,285$1,156,808$831,517$2,699,854
60$3,266,621$1,155,065$800,945$2,893,074
61$3,539,548$1,151,395$767,509$3,104,124
62$3,838,416$1,145,647$731,055$3,334,796
63$4,165,810$1,137,659$691,421$3,587,065
64$4,524,578$1,127,260$648,439$3,863,107
65$4,917,857$1,114,268$601,934$4,165,321
66$5,349,102$1,098,490$551,721$4,496,353
67$5,822,116$1,079,722$497,610$4,859,118
68$6,341,091$1,057,748$439,399$5,256,830
69$6,910,643$1,032,338$376,880$5,693,034
70$7,535,856$1,003,250$309,833$6,171,634
71$8,222,332$970,227$238,030$6,696,937
72$8,976,238$932,998$161,233$7,273,690
73$9,804,374$891,273$79,193$7,907,125
74$10,714,224$844,750$0$8,603,010
75$11,714,038$793,106$0$9,368,150
76$12,812,903$736,001$0$10,213,647
77$14,020,829$673,075$0$11,143,013
78$15,348,844$603,947$0$12,164,783
79$16,809,102$528,215$0$13,288,361
80$18,414,987$445,455$0$14,524,115
81$20,181,251$355,217$0$15,883,474
82$22,124,144$257,028$0$17,379,033
83$24,261,570$150,386$0$19,024,674
84$26,613,258$34,763$0$20,835,701
85$29,200,944$0$0$22,828,979
86$32,048,577$0$0$25,046,975
87$35,182,547$0$0$27,498,159
88$38,631,930$0$0$30,196,100
89$42,428,764$0$0$33,165,864
90$46,608,351$0$0$36,435,072
91$51,209,589$0$0$40,034,157
92$56,275,340$0$0$43,996,655
93$61,852,832$0$0$48,359,516
94$67,994,107$0$0$53,163,458
95$74,756,508$0$0$58,453,346
96$82,203,225$0$0$64,278,621
97$90,403,887$0$0$70,693,760
98$99,435,217$0$0$77,758,792
99$109,381,763$0$0$85,539,867
100$120,336,687$0$0$94,109,876