Can I retire at age 45 with 996,000?

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 $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%18.8%
1 years$82,249$81,516$80,801$80,104$79,422$76,604
2 years$40,717$39,959$39,224$38,511$37,820$35,011
3 years$26,875$26,114$25,380$24,675$23,995$21,283
4 years$19,956$19,196$18,470$17,777$17,113$14,519
5 years$15,805$15,050$14,334$13,654$13,009$10,540
6 years$13,039$12,290$11,584$10,919$10,294$7,951
7 years$11,063$10,321$9,626$8,977$8,372$6,155
8 years$9,583$8,847$8,164$7,531$6,945$4,853
9 years$8,432$7,703$7,032$6,415$5,849$3,878
10 years$7,511$6,790$6,130$5,530$4,983$3,131
11 years$6,759$6,044$5,397$4,812$4,286$2,548
12 years$6,132$5,425$4,790$4,221$3,714$2,086
13 years$5,603$4,903$4,279$3,727$3,239$1,717
14 years$5,149$4,456$3,845$3,308$2,839$1,418
15 years$4,756$4,071$3,471$2,950$2,500$1,176
16 years$4,413$3,735$3,147$2,642$2,209$977
17 years$4,110$3,440$2,864$2,373$1,959$814
18 years$3,841$3,179$2,614$2,139$1,742$679
19 years$3,601$2,946$2,393$1,933$1,552$567
20 years$3,385$2,737$2,197$1,750$1,387$474
21 years$3,190$2,550$2,020$1,589$1,241$397
22 years$3,013$2,380$1,862$1,444$1,112$333
23 years$2,851$2,226$1,719$1,315$998$279
24 years$2,704$2,086$1,590$1,200$897$234
25 years$2,568$1,957$1,473$1,096$808$197
26 years$2,443$1,840$1,366$1,002$727$165
27 years$2,327$1,731$1,268$917$656$139
28 years$2,220$1,631$1,179$840$592$117
29 years$2,120$1,539$1,097$770$534$98
30 years$2,027$1,453$1,022$707$483$82
31 years$1,941$1,374$953$649$437$69
32 years$1,860$1,300$889$597$395$58
33 years$1,784$1,231$830$549$357$49
34 years$1,712$1,167$776$505$324$41
35 years$1,645$1,107$725$465$293$35
36 years$1,582$1,050$678$428$266$29
37 years$1,522$998$635$394$241$25
38 years$1,466$948$595$364$218$21
39 years$1,412$902$557$335$198$17
40 years$1,362$858$522$309$179$15
41 years$1,314$817$490$285$163$12
42 years$1,268$778$459$263$148$10
43 years$1,225$741$431$243$134$9
44 years$1,183$706$404$224$122$7
45 years$1,144$674$380$207$110$6
46 years$1,107$643$357$191$100$5
47 years$1,071$613$335$177$91$4
48 years$1,036$585$315$163$83$4
49 years$1,004$559$296$151$75$3
50 years$972$534$278$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $996,000, adding $3,430 every year, while hoping to spend $59,546 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$996,000$996,000$996,000$996,000
45$1,101,130$1,048,342$1,032,904$1,178,548
46$1,150,089$1,036,354$1,004,150$1,218,094
47$1,202,046$1,021,783$972,437$1,253,610
48$1,257,244$1,004,440$937,602$1,290,808
49$1,315,948$984,123$899,478$1,329,837
50$1,378,450$960,621$857,886$1,370,862
51$1,445,068$933,707$812,641$1,414,066
52$1,516,151$903,145$763,550$1,459,651
53$1,592,080$868,680$710,411$1,507,843
54$1,673,274$830,048$653,012$1,558,892
55$1,760,192$786,965$591,132$1,613,074
56$1,853,338$739,132$524,541$1,670,696
57$1,953,263$686,234$452,998$1,732,098
58$2,060,574$627,937$376,251$1,797,658
59$2,175,934$563,888$294,037$1,867,794
60$2,300,075$493,713$206,082$1,942,968
61$2,433,796$417,020$112,100$2,023,694
62$2,577,980$333,390$11,792$2,110,541
63$2,733,592$242,385$0$2,204,139
64$2,901,696$143,539$0$2,310,267
65$3,083,458$36,361$0$2,425,618
66$3,280,163$0$0$2,550,435
67$3,493,220$0$0$2,706,725
68$3,724,182$0$0$2,886,601
69$3,974,753$0$0$3,081,794
70$4,246,809$0$0$3,293,770
71$4,542,414$0$0$3,524,144
72$4,863,838$0$0$3,774,689
73$5,213,577$0$0$4,047,359
74$5,594,378$0$0$4,344,302
75$6,009,265$0$0$4,667,883
76$6,461,565$0$0$5,020,704
77$6,954,939$0$0$5,405,629
78$7,493,417$0$0$5,825,809
79$8,081,436$0$0$6,284,716
80$8,723,879$0$0$6,786,168
81$9,426,123$0$0$7,334,371
82$10,194,086$0$0$7,933,955
83$11,034,287$0$0$8,590,018
84$11,953,900$0$0$9,308,175
85$12,960,829$0$0$10,094,605
86$14,063,775$0$0$10,956,116
87$15,272,321$0$0$11,900,205
88$16,597,021$0$0$12,935,129
89$18,049,499$0$0$14,069,979
90$19,642,556$0$0$15,314,771
91$21,390,293$0$0$16,680,536
92$23,308,242$0$0$18,179,424
93$25,413,510$0$0$19,824,819
94$27,724,941$0$0$21,631,464
95$30,263,295$0$0$23,615,599
96$33,051,439$0$0$25,795,113
97$36,114,565$0$0$28,189,717
98$39,480,423$0$0$30,821,120
99$43,179,587$0$0$33,713,242
100$47,245,740$0$0$36,892,434