Can I retire at age 45 with 999,000?

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 $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%11.6%
1 years$82,496$81,762$81,045$80,345$79,662$79,126
2 years$40,840$40,079$39,342$38,627$37,934$37,394
3 years$26,956$26,192$25,457$24,749$24,067$23,539
4 years$20,016$19,254$18,526$17,830$17,165$16,653
5 years$15,852$15,095$14,377$13,695$13,048$12,555
6 years$13,078$12,327$11,619$10,952$10,325$9,849
7 years$11,097$10,352$9,655$9,004$8,397$7,940
8 years$9,612$8,873$8,188$7,554$6,966$6,528
9 years$8,457$7,726$7,053$6,434$5,866$5,447
10 years$7,534$6,810$6,149$5,546$4,998$4,597
11 years$6,779$6,063$5,413$4,827$4,299$3,915
12 years$6,151$5,441$4,804$4,234$3,725$3,359
13 years$5,620$4,917$4,292$3,738$3,248$2,900
14 years$5,164$4,470$3,857$3,318$2,848$2,516
15 years$4,770$4,083$3,482$2,959$2,507$2,192
16 years$4,426$3,746$3,157$2,650$2,216$1,916
17 years$4,122$3,450$2,873$2,381$1,965$1,681
18 years$3,853$3,188$2,622$2,145$1,747$1,478
19 years$3,612$2,955$2,401$1,939$1,557$1,303
20 years$3,395$2,746$2,203$1,756$1,391$1,150
21 years$3,200$2,558$2,026$1,593$1,245$1,017
22 years$3,022$2,387$1,868$1,449$1,116$901
23 years$2,860$2,233$1,725$1,319$1,001$799
24 years$2,712$2,092$1,595$1,203$900$710
25 years$2,576$1,963$1,477$1,099$810$631
26 years$2,450$1,845$1,370$1,005$730$561
27 years$2,334$1,736$1,272$920$658$500
28 years$2,227$1,636$1,183$843$594$445
29 years$2,127$1,544$1,101$773$536$397
30 years$2,034$1,458$1,025$709$484$354
31 years$1,947$1,378$956$651$438$316
32 years$1,865$1,304$892$599$396$282
33 years$1,789$1,235$833$550$358$252
34 years$1,717$1,170$778$507$325$225
35 years$1,650$1,110$727$466$294$201
36 years$1,587$1,054$680$429$266$180
37 years$1,527$1,001$637$396$241$161
38 years$1,470$951$596$365$219$144
39 years$1,417$904$559$336$198$129
40 years$1,366$860$524$310$180$115
41 years$1,318$819$491$286$163$103
42 years$1,272$780$461$264$148$92
43 years$1,228$743$432$244$134$83
44 years$1,187$708$406$225$122$74
45 years$1,147$676$381$208$111$66
46 years$1,110$644$358$192$101$59
47 years$1,074$615$336$177$91$53
48 years$1,040$587$316$164$83$48
49 years$1,007$561$297$151$75$43
50 years$975$536$279$140$68$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $999,000, adding $3,892 every year, while hoping to spend $44,179 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: 68/24/8 Blend
44$999,000$999,000$999,000$999,000
45$1,104,913$1,051,966$1,036,481$1,178,180
46$1,170,608$1,056,506$1,024,197$1,231,812
47$1,241,523$1,059,788$1,010,021$1,284,731
48$1,318,144$1,061,703$993,842$1,341,421
49$1,401,005$1,062,137$975,547$1,402,242
50$1,490,693$1,060,967$955,013$1,467,595
51$1,587,853$1,058,064$932,115$1,537,918
52$1,693,194$1,053,289$906,721$1,613,700
53$1,807,496$1,046,496$878,692$1,695,475
54$1,931,617$1,037,532$847,885$1,783,837
55$2,066,501$1,026,230$814,148$1,879,438
56$2,213,186$1,012,417$777,324$1,983,000
57$2,372,814$995,908$737,247$2,095,318
58$2,546,640$976,507$693,745$2,217,270
59$2,736,049$954,007$646,637$2,349,826
60$2,942,562$928,189$595,735$2,494,055
61$3,167,853$898,820$540,842$2,651,139
62$3,413,766$865,655$481,752$2,822,378
63$3,682,330$828,432$418,251$3,009,212
64$3,975,779$786,876$350,113$3,213,225
65$4,296,573$740,697$277,106$3,436,169
66$4,647,417$689,585$198,983$3,679,975
67$5,031,295$633,216$115,490$3,946,774
68$5,451,488$571,245$26,360$4,238,917
69$5,911,612$503,308$0$4,558,998
70$6,415,646$429,020$0$4,915,750
71$6,967,975$347,975$0$5,309,242
72$7,573,427$259,744$0$5,740,734
73$8,237,318$163,873$0$6,214,095
74$8,965,505$59,883$0$6,733,592
75$9,764,439$0$0$7,303,934
76$10,641,224$0$0$7,944,234
77$11,603,686$0$0$8,664,524
78$12,660,448$0$0$9,455,448
79$13,821,004$0$0$10,324,121
80$15,095,816$0$0$11,278,382
81$16,496,409$0$0$12,326,865
82$18,035,479$0$0$13,479,083
83$19,727,011$0$0$14,745,517
84$21,586,415$0$0$16,137,710
85$23,630,666$0$0$17,668,384
86$25,878,468$0$0$19,351,553
87$28,350,425$0$0$21,202,656
88$31,069,242$0$0$23,238,705
89$34,059,931$0$0$25,478,442
90$37,350,051$0$0$27,942,518
91$40,969,968$0$0$30,653,687
92$44,953,138$0$0$33,637,016
93$49,336,424$0$0$36,920,130
94$54,160,445$0$0$40,533,464
95$59,469,955$0$0$44,510,554
96$65,314,267$0$0$48,888,351
97$71,747,718$0$0$53,707,572
98$78,830,179$0$0$59,013,081
99$86,627,624$0$0$64,854,312
100$95,212,746$0$0$71,285,739