Can I retire at age 45 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$82,414$81,680$80,964$80,265$79,582$76,394
2 years$40,799$40,039$39,303$38,589$37,896$34,725
3 years$26,929$26,166$25,431$24,724$24,043$20,987
4 years$19,996$19,235$18,508$17,812$17,148$14,231
5 years$15,837$15,080$14,363$13,682$13,035$10,266
6 years$13,065$12,314$11,607$10,941$10,314$7,693
7 years$11,086$10,341$9,646$8,995$8,388$5,915
8 years$9,602$8,865$8,180$7,546$6,959$4,630
9 years$8,449$7,718$7,046$6,428$5,860$3,673
10 years$7,527$6,803$6,143$5,541$4,993$2,943
11 years$6,773$6,056$5,408$4,822$4,294$2,376
12 years$6,145$5,436$4,799$4,230$3,722$1,930
13 years$5,614$4,913$4,288$3,734$3,245$1,575
14 years$5,159$4,465$3,853$3,315$2,845$1,291
15 years$4,766$4,079$3,478$2,956$2,505$1,061
16 years$4,422$3,743$3,154$2,647$2,214$874
17 years$4,118$3,447$2,870$2,378$1,963$721
18 years$3,849$3,185$2,620$2,143$1,745$596
19 years$3,608$2,952$2,398$1,937$1,556$494
20 years$3,392$2,743$2,201$1,754$1,389$409
21 years$3,196$2,555$2,024$1,592$1,243$339
22 years$3,019$2,385$1,866$1,447$1,115$282
23 years$2,857$2,231$1,723$1,318$1,000$234
24 years$2,709$2,090$1,593$1,202$899$195
25 years$2,573$1,961$1,476$1,098$809$162
26 years$2,448$1,843$1,369$1,004$729$135
27 years$2,332$1,735$1,271$919$657$112
28 years$2,224$1,635$1,181$842$593$93
29 years$2,124$1,542$1,099$772$535$78
30 years$2,031$1,456$1,024$709$484$65
31 years$1,945$1,377$955$651$437$54
32 years$1,863$1,303$891$598$396$45
33 years$1,787$1,234$832$550$358$37
34 years$1,716$1,169$777$506$324$31
35 years$1,648$1,109$727$466$294$26
36 years$1,585$1,053$680$429$266$22
37 years$1,525$1,000$636$395$241$18
38 years$1,469$950$596$364$219$15
39 years$1,415$903$558$336$198$12
40 years$1,364$860$523$310$180$10
41 years$1,316$818$491$286$163$9
42 years$1,271$779$460$264$148$7
43 years$1,227$742$432$244$134$6
44 years$1,186$708$405$225$122$5
45 years$1,146$675$381$208$111$4
46 years$1,109$644$357$192$101$3
47 years$1,073$614$336$177$91$3
48 years$1,039$587$316$164$83$2
49 years$1,006$560$297$151$75$2
50 years$974$535$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $998,000, adding $5,423 every year, while hoping to spend $37,706 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: 54/31/15 Blend
44$998,000$998,000$998,000$998,000
45$1,105,390$1,052,496$1,037,027$1,160,400
46$1,178,021$1,063,949$1,031,648$1,209,954
47$1,256,796$1,074,700$1,024,826$1,259,366
48$1,342,303$1,084,674$1,016,471$1,312,296
49$1,435,187$1,093,792$1,006,492$1,369,088
50$1,536,159$1,101,971$994,792$1,430,124
51$1,645,998$1,109,119$981,269$1,495,824
52$1,765,566$1,115,141$965,818$1,566,650
53$1,895,807$1,119,937$948,326$1,643,117
54$2,037,763$1,123,397$928,678$1,725,789
55$2,192,579$1,125,408$906,753$1,815,294
56$2,361,515$1,125,846$882,422$1,912,321
57$2,545,960$1,124,582$855,554$2,017,634
58$2,747,440$1,121,479$826,007$2,132,075
59$2,967,638$1,116,390$793,637$2,256,575
60$3,208,404$1,109,161$758,292$2,392,163
61$3,471,778$1,099,627$719,811$2,539,972
62$3,760,004$1,087,613$678,029$2,701,257
63$4,075,553$1,072,934$632,772$2,877,401
64$4,421,147$1,055,396$583,857$3,069,932
65$4,799,783$1,034,789$531,095$3,280,536
66$5,214,762$1,010,895$474,288$3,511,077
67$5,669,719$983,479$413,228$3,763,608
68$6,168,657$952,297$347,698$4,040,400
69$6,715,987$917,087$277,473$4,343,957
70$7,316,565$877,572$202,316$4,677,042
71$7,975,743$833,460$121,981$5,042,707
72$8,699,412$784,444$36,211$5,444,319
73$9,494,065$730,194$0$5,885,592
74$10,366,854$670,367$0$6,379,481
75$11,325,654$604,597$0$6,928,417
76$12,379,147$532,498$0$7,531,635
77$13,536,891$453,662$0$8,194,693
78$14,809,419$367,657$0$8,923,718
79$16,208,337$274,028$0$9,725,467
80$17,746,427$172,295$0$10,607,391
81$19,437,774$61,950$0$11,577,705
82$21,297,898$0$0$12,645,471
83$23,343,894$0$0$13,840,307
84$25,594,600$0$0$15,178,045
85$28,070,772$0$0$16,649,903
86$30,795,278$0$0$18,269,486
87$33,793,313$0$0$20,051,788
88$37,092,641$0$0$22,013,327
89$40,723,852$0$0$24,172,305
90$44,720,650$0$0$26,548,778
91$49,120,175$0$0$29,164,844
92$53,963,350$0$0$32,044,855
93$59,295,265$0$0$35,215,639
94$65,165,606$0$0$38,706,764
95$71,629,122$0$0$42,550,806
96$78,746,141$0$0$46,783,662
97$86,583,137$0$0$51,444,889
98$95,213,361$0$0$56,578,074
99$104,717,528$0$0$62,231,247
100$115,184,581$0$0$68,457,333