Can I retire at age 45 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$82,249$81,516$80,801$80,104$79,422$78,724
2 years$40,717$39,959$39,224$38,511$37,820$37,117
3 years$26,875$26,114$25,380$24,675$23,995$23,307
4 years$19,956$19,196$18,470$17,777$17,113$16,448
5 years$15,805$15,050$14,334$13,654$13,009$12,367
6 years$13,039$12,290$11,584$10,919$10,294$9,676
7 years$11,063$10,321$9,626$8,977$8,372$7,779
8 years$9,583$8,847$8,164$7,531$6,945$6,377
9 years$8,432$7,703$7,032$6,415$5,849$5,305
10 years$7,511$6,790$6,130$5,530$4,983$4,464
11 years$6,759$6,044$5,397$4,812$4,286$3,791
12 years$6,132$5,425$4,790$4,221$3,714$3,242
13 years$5,603$4,903$4,279$3,727$3,239$2,790
14 years$5,149$4,456$3,845$3,308$2,839$2,412
15 years$4,756$4,071$3,471$2,950$2,500$2,095
16 years$4,413$3,735$3,147$2,642$2,209$1,825
17 years$4,110$3,440$2,864$2,373$1,959$1,595
18 years$3,841$3,179$2,614$2,139$1,742$1,398
19 years$3,601$2,946$2,393$1,933$1,552$1,228
20 years$3,385$2,737$2,197$1,750$1,387$1,080
21 years$3,190$2,550$2,020$1,589$1,241$952
22 years$3,013$2,380$1,862$1,444$1,112$840
23 years$2,851$2,226$1,719$1,315$998$742
24 years$2,704$2,086$1,590$1,200$897$657
25 years$2,568$1,957$1,473$1,096$808$581
26 years$2,443$1,840$1,366$1,002$727$515
27 years$2,327$1,731$1,268$917$656$457
28 years$2,220$1,631$1,179$840$592$406
29 years$2,120$1,539$1,097$770$534$360
30 years$2,027$1,453$1,022$707$483$320
31 years$1,941$1,374$953$649$437$284
32 years$1,860$1,300$889$597$395$253
33 years$1,784$1,231$830$549$357$225
34 years$1,712$1,167$776$505$324$200
35 years$1,645$1,107$725$465$293$178
36 years$1,582$1,050$678$428$266$159
37 years$1,522$998$635$394$241$141
38 years$1,466$948$595$364$218$126
39 years$1,412$902$557$335$198$112
40 years$1,362$858$522$309$179$100
41 years$1,314$817$490$285$163$89
42 years$1,268$778$459$263$148$79
43 years$1,225$741$431$243$134$71
44 years$1,183$706$404$224$122$63
45 years$1,144$674$380$207$110$56
46 years$1,107$643$357$191$100$50
47 years$1,071$613$335$177$91$45
48 years$1,036$585$315$163$83$40
49 years$1,004$559$296$151$75$35
50 years$972$534$278$140$68$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $996,000, adding $4,892 every year, while hoping to spend $31,970 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: 48/41/11 Blend
44$996,000$996,000$996,000$996,000
45$1,102,638$1,049,850$1,034,412$1,152,012
46$1,181,091$1,067,277$1,035,049$1,203,919
47$1,266,475$1,084,486$1,034,636$1,256,516
48$1,359,463$1,101,433$1,033,104$1,312,898
49$1,460,796$1,118,071$1,030,380$1,373,428
50$1,571,288$1,134,348$1,026,389$1,438,506
51$1,691,838$1,150,209$1,021,051$1,508,576
52$1,823,433$1,165,597$1,014,284$1,584,123
53$1,967,159$1,180,447$1,005,999$1,665,688
54$2,124,215$1,194,694$996,105$1,753,864
55$2,295,917$1,208,266$984,506$1,849,306
56$2,483,716$1,221,087$971,103$1,952,737
57$2,689,209$1,233,074$955,789$2,064,956
58$2,914,155$1,244,142$938,455$2,186,843
59$3,160,492$1,254,198$918,986$2,319,369
60$3,430,351$1,263,143$897,261$2,463,608
61$3,726,082$1,270,871$873,154$2,620,741
62$4,050,271$1,277,273$846,533$2,792,075
63$4,405,767$1,282,228$817,261$2,979,050
64$4,795,709$1,285,610$785,193$3,183,255
65$5,223,552$1,287,286$750,177$3,406,443
66$5,693,103$1,287,112$712,058$3,650,549
67$6,208,557$1,284,938$670,668$3,917,707
68$6,774,531$1,280,601$625,837$4,210,273
69$7,396,115$1,273,933$577,385$4,530,844
70$8,078,914$1,264,750$525,122$4,882,286
71$8,829,103$1,252,863$468,853$5,267,760
72$9,653,484$1,238,066$408,373$5,690,754
73$10,559,553$1,220,144$343,467$6,155,116
74$11,555,565$1,198,869$273,910$6,665,089
75$12,650,616$1,173,998$199,470$7,225,353
76$13,854,729$1,145,274$119,903$7,841,073
77$15,178,945$1,112,425$34,953$8,517,943
78$16,635,428$1,075,165$0$9,262,243
79$18,237,582$1,033,188$0$10,087,439
80$20,000,174$986,173$0$10,999,437
81$21,939,474$933,778$0$12,002,589
82$24,073,411$875,643$0$13,106,223
83$26,421,736$811,387$0$14,320,623
84$29,006,215$740,607$0$15,657,129
85$31,850,829$662,877$0$17,128,242
86$34,982,002$577,746$0$18,747,747
87$38,428,850$484,740$0$20,530,838
88$42,223,455$383,354$0$22,494,271
89$46,401,168$273,058$0$24,656,516
90$51,000,941$153,293$0$27,037,935
91$56,065,697$23,464$0$29,660,979
92$61,642,732$0$0$32,550,395
93$67,784,162$0$0$35,786,278
94$74,547,415$0$0$39,361,600
95$81,995,772$0$0$43,299,246
96$90,198,963$0$0$47,636,100
97$99,233,829$0$0$52,412,802
98$109,185,039$0$0$57,674,140
99$120,145,898$0$0$63,469,464
100$132,219,219$0$0$69,853,156