Can I retire at age 45 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$82,496$81,762$81,045$80,345$79,662$76,896
2 years$40,840$40,079$39,342$38,627$37,934$35,177
3 years$26,956$26,192$25,457$24,749$24,067$21,404
4 years$20,016$19,254$18,526$17,830$17,165$14,617
5 years$15,852$15,095$14,377$13,695$13,048$10,622
6 years$13,078$12,327$11,619$10,952$10,325$8,022
7 years$11,097$10,352$9,655$9,004$8,397$6,217
8 years$9,612$8,873$8,188$7,554$6,966$4,907
9 years$8,457$7,726$7,053$6,434$5,866$3,927
10 years$7,534$6,810$6,149$5,546$4,998$3,174
11 years$6,779$6,063$5,413$4,827$4,299$2,586
12 years$6,151$5,441$4,804$4,234$3,725$2,121
13 years$5,620$4,917$4,292$3,738$3,248$1,747
14 years$5,164$4,470$3,857$3,318$2,848$1,446
15 years$4,770$4,083$3,482$2,959$2,507$1,200
16 years$4,426$3,746$3,157$2,650$2,216$999
17 years$4,122$3,450$2,873$2,381$1,965$833
18 years$3,853$3,188$2,622$2,145$1,747$696
19 years$3,612$2,955$2,401$1,939$1,557$582
20 years$3,395$2,746$2,203$1,756$1,391$488
21 years$3,200$2,558$2,026$1,593$1,245$409
22 years$3,022$2,387$1,868$1,449$1,116$343
23 years$2,860$2,233$1,725$1,319$1,001$288
24 years$2,712$2,092$1,595$1,203$900$242
25 years$2,576$1,963$1,477$1,099$810$204
26 years$2,450$1,845$1,370$1,005$730$172
27 years$2,334$1,736$1,272$920$658$144
28 years$2,227$1,636$1,183$843$594$122
29 years$2,127$1,544$1,101$773$536$102
30 years$2,034$1,458$1,025$709$484$86
31 years$1,947$1,378$956$651$438$73
32 years$1,865$1,304$892$599$396$61
33 years$1,789$1,235$833$550$358$52
34 years$1,717$1,170$778$507$325$43
35 years$1,650$1,110$727$466$294$37
36 years$1,587$1,054$680$429$266$31
37 years$1,527$1,001$637$396$241$26
38 years$1,470$951$596$365$219$22
39 years$1,417$904$559$336$198$18
40 years$1,366$860$524$310$180$16
41 years$1,318$819$491$286$163$13
42 years$1,272$780$461$264$148$11
43 years$1,228$743$432$244$134$9
44 years$1,187$708$406$225$122$8
45 years$1,147$676$381$208$111$7
46 years$1,110$644$358$192$101$6
47 years$1,074$615$336$177$91$5
48 years$1,040$587$316$164$83$4
49 years$1,007$561$297$151$75$3
50 years$975$536$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $999,000, adding $6,543 every year, while hoping to spend $42,355 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: 59/26/15 Blend
44$999,000$999,000$999,000$999,000
45$1,107,647$1,054,700$1,039,216$1,168,407
46$1,175,562$1,061,315$1,028,964$1,216,818
47$1,248,984$1,066,835$1,016,949$1,264,309
48$1,328,431$1,071,160$1,003,068$1,315,106
49$1,414,472$1,074,187$987,211$1,369,533
50$1,507,730$1,075,805$969,265$1,427,948
51$1,608,894$1,075,895$949,111$1,490,748
52$1,718,719$1,074,331$926,624$1,558,370
53$1,838,036$1,070,981$901,673$1,631,300
54$1,967,759$1,065,703$874,123$1,710,071
55$2,108,896$1,058,348$843,831$1,795,274
56$2,262,551$1,048,755$810,648$1,887,563
57$2,429,944$1,036,756$774,417$1,987,660
58$2,612,413$1,022,173$734,975$2,096,362
59$2,811,436$1,004,815$692,153$2,214,550
60$3,028,634$984,483$645,771$2,343,198
61$3,265,794$960,962$595,645$2,483,380
62$3,524,885$934,029$541,579$2,636,285
63$3,808,071$903,445$483,370$2,803,223
64$4,117,738$868,956$420,806$2,985,644
65$4,456,509$830,297$353,665$3,185,147
66$4,827,276$787,185$281,716$3,403,500
67$5,233,222$739,321$204,717$3,642,652
68$5,677,851$686,388$122,415$3,904,758
69$6,165,024$628,053$34,549$4,192,195
70$6,698,992$563,963$0$4,507,589
71$7,284,436$493,745$0$4,863,316
72$7,926,513$417,003$0$5,259,614
73$8,630,903$333,321$0$5,694,525
74$9,403,861$242,259$0$6,171,998
75$10,252,277$143,353$0$6,696,385
76$11,183,743$36,110$0$7,272,487
77$12,206,618$0$0$7,905,598
78$13,330,114$0$0$8,624,443
79$14,564,377$0$0$9,425,596
80$15,920,584$0$0$10,305,993
81$17,411,050$0$0$11,273,639
82$19,049,340$0$0$12,337,352
83$20,850,400$0$0$13,506,848
84$22,830,696$0$0$14,792,833
85$25,008,369$0$0$16,207,099
86$27,403,407$0$0$17,762,640
87$30,037,830$0$0$19,473,772
88$32,935,902$0$0$21,356,269
89$36,124,354$0$0$23,427,510
90$39,632,642$0$0$25,706,644
91$43,493,219$0$0$28,214,770
92$47,741,843$0$0$30,975,136
93$52,417,915$0$0$34,013,356
94$57,564,847$0$0$37,357,655
95$63,230,477$0$0$41,039,134
96$69,467,512$0$0$45,092,059
97$76,334,032$0$0$49,554,192
98$83,894,033$0$0$54,467,138
99$92,218,033$0$0$59,876,745
100$101,383,735$0$0$65,833,532