Can I retire at age 45 with 998,000?

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 $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%12.8%
1 years$82,414$81,680$80,964$80,265$79,582$78,653
2 years$40,799$40,039$39,303$38,589$37,896$36,961
3 years$26,929$26,166$25,431$24,724$24,043$23,131
4 years$19,996$19,235$18,508$17,812$17,148$16,265
5 years$15,837$15,080$14,363$13,682$13,035$12,186
6 years$13,065$12,314$11,607$10,941$10,314$9,498
7 years$11,086$10,341$9,646$8,995$8,388$7,606
8 years$9,602$8,865$8,180$7,546$6,959$6,211
9 years$8,449$7,718$7,046$6,428$5,860$5,146
10 years$7,527$6,803$6,143$5,541$4,993$4,312
11 years$6,773$6,056$5,408$4,822$4,294$3,645
12 years$6,145$5,436$4,799$4,230$3,722$3,104
13 years$5,614$4,913$4,288$3,734$3,245$2,659
14 years$5,159$4,465$3,853$3,315$2,845$2,289
15 years$4,766$4,079$3,478$2,956$2,505$1,978
16 years$4,422$3,743$3,154$2,647$2,214$1,715
17 years$4,118$3,447$2,870$2,378$1,963$1,492
18 years$3,849$3,185$2,620$2,143$1,745$1,301
19 years$3,608$2,952$2,398$1,937$1,556$1,136
20 years$3,392$2,743$2,201$1,754$1,389$995
21 years$3,196$2,555$2,024$1,592$1,243$872
22 years$3,019$2,385$1,866$1,447$1,115$766
23 years$2,857$2,231$1,723$1,318$1,000$673
24 years$2,709$2,090$1,593$1,202$899$592
25 years$2,573$1,961$1,476$1,098$809$521
26 years$2,448$1,843$1,369$1,004$729$459
27 years$2,332$1,735$1,271$919$657$405
28 years$2,224$1,635$1,181$842$593$358
29 years$2,124$1,542$1,099$772$535$316
30 years$2,031$1,456$1,024$709$484$279
31 years$1,945$1,377$955$651$437$247
32 years$1,863$1,303$891$598$396$218
33 years$1,787$1,234$832$550$358$193
34 years$1,716$1,169$777$506$324$170
35 years$1,648$1,109$727$466$294$151
36 years$1,585$1,053$680$429$266$134
37 years$1,525$1,000$636$395$241$118
38 years$1,469$950$596$364$219$105
39 years$1,415$903$558$336$198$93
40 years$1,364$860$523$310$180$82
41 years$1,316$818$491$286$163$73
42 years$1,271$779$460$264$148$64
43 years$1,227$742$432$244$134$57
44 years$1,186$708$405$225$122$51
45 years$1,146$675$381$208$111$45
46 years$1,109$644$357$192$101$40
47 years$1,073$614$336$177$91$35
48 years$1,039$587$316$164$83$31
49 years$1,006$560$297$151$75$28
50 years$974$535$279$140$68$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $998,000, adding $6,238 every year, while hoping to spend $47,377 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: 47/28/25 Blend
44$998,000$998,000$998,000$998,000
45$1,106,230$1,053,336$1,037,867$1,150,055
46$1,168,657$1,054,541$1,022,227$1,182,683
47$1,235,864$1,054,217$1,004,475$1,212,921
48$1,308,287$1,052,239$984,491$1,244,802
49$1,386,408$1,048,475$962,147$1,278,504
50$1,470,755$1,042,783$937,312$1,314,224
51$1,561,908$1,035,016$909,848$1,352,184
52$1,660,504$1,025,013$879,609$1,392,630
53$1,767,244$1,012,607$846,445$1,435,836
54$1,882,899$997,621$810,197$1,482,109
55$2,008,316$979,865$770,699$1,531,790
56$2,144,426$959,140$727,780$1,585,257
57$2,292,254$935,235$681,257$1,642,933
58$2,452,927$907,924$630,942$1,705,286
59$2,627,685$876,972$576,638$1,772,839
60$2,817,891$842,126$518,138$1,846,172
61$3,025,048$803,122$455,227$1,925,927
62$3,250,806$759,678$387,680$2,012,821
63$3,496,983$711,498$315,263$2,107,646
64$3,765,580$658,266$237,729$2,211,283
65$4,058,799$599,651$154,823$2,324,710
66$4,379,064$535,301$66,276$2,449,010
67$4,729,044$464,845$0$2,585,383
68$5,111,675$387,892$0$2,742,690
69$5,530,194$304,027$0$2,934,232
70$5,988,161$212,811$0$3,144,030
71$6,489,498$113,783$0$3,373,976
72$7,038,524$6,456$0$3,626,165
73$7,639,994$0$0$3,902,907
74$8,299,145$0$0$4,240,550
75$9,021,746$0$0$4,612,990
76$9,814,148$0$0$5,021,525
77$10,683,350$0$0$5,469,779
78$11,637,057$0$0$5,961,740
79$12,683,758$0$0$6,501,803
80$13,832,805$0$0$7,094,810
81$15,094,496$0$0$7,746,093
82$16,480,178$0$0$8,461,527
83$18,002,349$0$0$9,247,583
84$19,674,780$0$0$10,111,390
85$21,512,639$0$0$11,060,803
86$23,532,637$0$0$12,104,475
87$25,753,185$0$0$13,251,939
88$28,194,566$0$0$14,513,698
89$30,879,125$0$0$15,901,323
90$33,831,485$0$0$17,427,563
91$37,078,769$0$0$19,106,466
92$40,650,866$0$0$20,953,507
93$44,580,704$0$0$22,985,739
94$48,904,563$0$0$25,221,951
95$53,662,420$0$0$27,682,843
96$58,898,321$0$0$30,391,227
97$64,660,797$0$0$33,372,235
98$71,003,323$0$0$36,653,560
99$77,984,821$0$0$40,265,717
100$85,670,215$0$0$44,242,330