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%19.7%
1 years$82,249$81,516$80,801$80,104$79,422$76,332
2 years$40,717$39,959$39,224$38,511$37,820$34,744
3 years$26,875$26,114$25,380$24,675$23,995$21,029
4 years$19,956$19,196$18,470$17,777$17,113$14,281
5 years$15,805$15,050$14,334$13,654$13,009$10,318
6 years$13,039$12,290$11,584$10,919$10,294$7,745
7 years$11,063$10,321$9,626$8,977$8,372$5,965
8 years$9,583$8,847$8,164$7,531$6,945$4,678
9 years$8,432$7,703$7,032$6,415$5,849$3,718
10 years$7,511$6,790$6,130$5,530$4,983$2,984
11 years$6,759$6,044$5,397$4,812$4,286$2,414
12 years$6,132$5,425$4,790$4,221$3,714$1,965
13 years$5,603$4,903$4,279$3,727$3,239$1,607
14 years$5,149$4,456$3,845$3,308$2,839$1,319
15 years$4,756$4,071$3,471$2,950$2,500$1,087
16 years$4,413$3,735$3,147$2,642$2,209$897
17 years$4,110$3,440$2,864$2,373$1,959$742
18 years$3,841$3,179$2,614$2,139$1,742$615
19 years$3,601$2,946$2,393$1,933$1,552$510
20 years$3,385$2,737$2,197$1,750$1,387$424
21 years$3,190$2,550$2,020$1,589$1,241$353
22 years$3,013$2,380$1,862$1,444$1,112$293
23 years$2,851$2,226$1,719$1,315$998$244
24 years$2,704$2,086$1,590$1,200$897$204
25 years$2,568$1,957$1,473$1,096$808$170
26 years$2,443$1,840$1,366$1,002$727$142
27 years$2,327$1,731$1,268$917$656$118
28 years$2,220$1,631$1,179$840$592$98
29 years$2,120$1,539$1,097$770$534$82
30 years$2,027$1,453$1,022$707$483$69
31 years$1,941$1,374$953$649$437$57
32 years$1,860$1,300$889$597$395$48
33 years$1,784$1,231$830$549$357$40
34 years$1,712$1,167$776$505$324$33
35 years$1,645$1,107$725$465$293$28
36 years$1,582$1,050$678$428$266$23
37 years$1,522$998$635$394$241$19
38 years$1,466$948$595$364$218$16
39 years$1,412$902$557$335$198$14
40 years$1,362$858$522$309$179$11
41 years$1,314$817$490$285$163$9
42 years$1,268$778$459$263$148$8
43 years$1,225$741$431$243$134$7
44 years$1,183$706$404$224$122$6
45 years$1,144$674$380$207$110$5
46 years$1,107$643$357$191$100$4
47 years$1,071$613$335$177$91$3
48 years$1,036$585$315$163$83$3
49 years$1,004$559$296$151$75$2
50 years$972$534$278$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $996,000, adding $3,787 every year, while hoping to spend $46,170 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: 71/9/20 Blend
44$996,000$996,000$996,000$996,000
45$1,101,498$1,048,710$1,033,272$1,174,094
46$1,164,727$1,050,973$1,018,762$1,225,209
47$1,232,857$1,051,798$1,002,219$1,275,303
48$1,306,340$1,051,068$983,525$1,328,999
49$1,385,672$1,048,656$962,559$1,386,646
50$1,471,398$1,044,427$939,192$1,448,632
51$1,564,116$1,038,240$913,290$1,515,384
52$1,664,484$1,029,942$884,713$1,587,375
53$1,773,226$1,019,373$853,316$1,665,125
54$1,891,137$1,006,364$818,944$1,749,208
55$2,019,091$990,735$781,437$1,840,260
56$2,158,051$972,294$740,628$1,938,980
57$2,309,076$950,839$696,342$2,046,141
58$2,473,328$926,157$648,396$2,162,596
59$2,652,088$898,020$596,598$2,289,287
60$2,846,767$866,188$540,750$2,427,251
61$3,058,913$830,408$480,641$2,577,636
62$3,290,235$790,410$416,055$2,741,707
63$3,542,610$745,911$346,764$2,920,859
64$3,818,105$696,610$272,530$3,116,632
65$4,118,997$642,189$193,104$3,330,726
66$4,447,790$582,311$108,229$3,565,017
67$4,807,242$516,623$17,632$3,821,572
68$5,200,391$444,747$0$4,102,675
69$5,630,580$366,288$0$4,427,711
70$6,101,489$280,827$0$4,787,703
71$6,617,175$187,921$0$5,182,013
72$7,182,100$87,102$0$5,614,090
73$7,801,181$0$0$6,087,733
74$8,479,834$0$0$6,609,320
75$9,224,022$0$0$7,190,785
76$10,040,313$0$0$7,828,640
77$10,935,942$0$0$8,528,545
78$11,918,878$0$0$9,296,733
79$12,997,900$0$0$10,140,072
80$14,182,675$0$0$11,066,127
81$15,483,855$0$0$12,083,230
82$16,913,174$0$0$13,200,561
83$18,483,557$0$0$14,428,232
84$20,209,244$0$0$15,777,383
85$22,105,923$0$0$17,260,289
86$24,190,877$0$0$18,890,470
87$26,483,145$0$0$20,682,822
88$29,003,706$0$0$22,653,758
89$31,775,671$0$0$24,821,361
90$34,824,505$0$0$27,205,552
91$38,178,263$0$0$29,828,281
92$41,867,856$0$0$32,713,734
93$45,927,344$0$0$35,888,556
94$50,394,251$0$0$39,382,107
95$55,309,926$0$0$43,226,738
96$60,719,928$0$0$47,458,092
97$66,674,453$0$0$52,115,444
98$73,228,814$0$0$57,242,070
99$80,443,958$0$0$62,885,654
100$88,387,039$0$0$69,098,737