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%16.7%
1 years$82,249$81,516$80,801$80,104$79,422$77,252
2 years$40,717$39,959$39,224$38,511$37,820$35,649
3 years$26,875$26,114$25,380$24,675$23,995$21,891
4 years$19,956$19,196$18,470$17,777$17,113$15,094
5 years$15,805$15,050$14,334$13,654$13,009$11,079
6 years$13,039$12,290$11,584$10,919$10,294$8,454
7 years$11,063$10,321$9,626$8,977$8,372$6,623
8 years$9,583$8,847$8,164$7,531$6,945$5,287
9 years$8,432$7,703$7,032$6,415$5,849$4,280
10 years$7,511$6,790$6,130$5,530$4,983$3,501
11 years$6,759$6,044$5,397$4,812$4,286$2,888
12 years$6,132$5,425$4,790$4,221$3,714$2,398
13 years$5,603$4,903$4,279$3,727$3,239$2,001
14 years$5,149$4,456$3,845$3,308$2,839$1,678
15 years$4,756$4,071$3,471$2,950$2,500$1,411
16 years$4,413$3,735$3,147$2,642$2,209$1,191
17 years$4,110$3,440$2,864$2,373$1,959$1,007
18 years$3,841$3,179$2,614$2,139$1,742$853
19 years$3,601$2,946$2,393$1,933$1,552$724
20 years$3,385$2,737$2,197$1,750$1,387$616
21 years$3,190$2,550$2,020$1,589$1,241$524
22 years$3,013$2,380$1,862$1,444$1,112$447
23 years$2,851$2,226$1,719$1,315$998$381
24 years$2,704$2,086$1,590$1,200$897$325
25 years$2,568$1,957$1,473$1,096$808$277
26 years$2,443$1,840$1,366$1,002$727$237
27 years$2,327$1,731$1,268$917$656$203
28 years$2,220$1,631$1,179$840$592$173
29 years$2,120$1,539$1,097$770$534$148
30 years$2,027$1,453$1,022$707$483$127
31 years$1,941$1,374$953$649$437$108
32 years$1,860$1,300$889$597$395$93
33 years$1,784$1,231$830$549$357$79
34 years$1,712$1,167$776$505$324$68
35 years$1,645$1,107$725$465$293$58
36 years$1,582$1,050$678$428$266$50
37 years$1,522$998$635$394$241$43
38 years$1,466$948$595$364$218$37
39 years$1,412$902$557$335$198$31
40 years$1,362$858$522$309$179$27
41 years$1,314$817$490$285$163$23
42 years$1,268$778$459$263$148$20
43 years$1,225$741$431$243$134$17
44 years$1,183$706$404$224$122$14
45 years$1,144$674$380$207$110$12
46 years$1,107$643$357$191$100$11
47 years$1,071$613$335$177$91$9
48 years$1,036$585$315$163$83$8
49 years$1,004$559$296$151$75$7
50 years$972$534$278$140$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $996,000, adding $6,305 every year, while hoping to spend $59,581 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: 52/42/6 Blend
44$996,000$996,000$996,000$996,000
45$1,104,096$1,051,308$1,035,870$1,159,618
46$1,153,320$1,039,428$1,007,178$1,186,099
47$1,205,568$1,024,969$975,527$1,207,857
48$1,261,085$1,007,742$940,757$1,230,081
49$1,320,141$987,547$902,697$1,252,825
50$1,383,028$964,170$861,171$1,276,153
51$1,450,070$937,387$815,993$1,300,140
52$1,521,618$906,959$766,969$1,324,871
53$1,598,058$872,636$713,898$1,350,443
54$1,679,814$834,149$656,568$1,376,969
55$1,767,350$791,218$594,758$1,404,576
56$1,861,176$743,543$528,238$1,433,412
57$1,961,848$690,808$456,766$1,463,641
58$2,069,980$632,682$380,091$1,495,454
59$2,186,244$568,809$297,951$1,529,062
60$2,311,378$498,818$210,070$1,564,709
61$2,446,194$422,316$116,162$1,602,668
62$2,591,581$338,884$15,929$1,643,248
63$2,748,517$248,085$0$1,686,795
64$2,918,078$149,453$0$1,739,531
65$3,101,445$42,499$0$1,797,532
66$3,299,914$0$0$1,860,295
67$3,514,915$0$0$1,962,273
68$3,748,016$0$0$2,094,213
69$4,000,942$0$0$2,237,463
70$4,275,591$0$0$2,393,108
71$4,574,051$0$0$2,562,343
72$4,898,618$0$0$2,746,482
73$5,251,818$0$0$2,946,970
74$5,636,431$0$0$3,165,399
75$6,055,516$0$0$3,403,519
76$6,512,439$0$0$3,663,259
77$7,010,905$0$0$3,946,738
78$7,554,992$0$0$4,256,291
79$8,149,188$0$0$4,594,489
80$8,798,435$0$0$4,964,161
81$9,508,173$0$0$5,368,422
82$10,284,392$0$0$5,810,702
83$11,133,686$0$0$6,294,778
84$12,063,317$0$0$6,824,807
85$13,081,282$0$0$7,405,371
86$14,196,385$0$0$8,041,512
87$15,418,324$0$0$8,738,784
88$16,757,780$0$0$9,503,305
89$18,226,513$0$0$10,341,812
90$19,837,480$0$0$11,261,725
91$21,604,949$0$0$12,271,218
92$23,544,638$0$0$13,379,295
93$25,673,858$0$0$14,595,872
94$28,011,680$0$0$15,931,875
95$30,579,111$0$0$17,399,338
96$33,399,293$0$0$19,011,518
97$36,497,718$0$0$20,783,020
98$39,902,472$0$0$22,729,933
99$43,644,492$0$0$24,869,983
100$47,757,866$0$0$27,222,699