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%15.4%
1 years$82,496$81,762$81,045$80,345$79,662$77,894
2 years$40,840$40,079$39,342$38,627$37,934$36,163
3 years$26,956$26,192$25,457$24,749$24,067$22,347
4 years$20,016$19,254$18,526$17,830$17,165$15,509
5 years$15,852$15,095$14,377$13,695$13,048$11,462
6 years$13,078$12,327$11,619$10,952$10,325$8,809
7 years$11,097$10,352$9,655$9,004$8,397$6,952
8 years$9,612$8,873$8,188$7,554$6,966$5,592
9 years$8,457$7,726$7,053$6,434$5,866$4,562
10 years$7,534$6,810$6,149$5,546$4,998$3,762
11 years$6,779$6,063$5,413$4,827$4,299$3,129
12 years$6,151$5,441$4,804$4,234$3,725$2,620
13 years$5,620$4,917$4,292$3,738$3,248$2,206
14 years$5,164$4,470$3,857$3,318$2,848$1,866
15 years$4,770$4,083$3,482$2,959$2,507$1,584
16 years$4,426$3,746$3,157$2,650$2,216$1,349
17 years$4,122$3,450$2,873$2,381$1,965$1,152
18 years$3,853$3,188$2,622$2,145$1,747$985
19 years$3,612$2,955$2,401$1,939$1,557$845
20 years$3,395$2,746$2,203$1,756$1,391$725
21 years$3,200$2,558$2,026$1,593$1,245$623
22 years$3,022$2,387$1,868$1,449$1,116$536
23 years$2,860$2,233$1,725$1,319$1,001$462
24 years$2,712$2,092$1,595$1,203$900$398
25 years$2,576$1,963$1,477$1,099$810$344
26 years$2,450$1,845$1,370$1,005$730$297
27 years$2,334$1,736$1,272$920$658$256
28 years$2,227$1,636$1,183$843$594$221
29 years$2,127$1,544$1,101$773$536$191
30 years$2,034$1,458$1,025$709$484$166
31 years$1,947$1,378$956$651$438$143
32 years$1,865$1,304$892$599$396$124
33 years$1,789$1,235$833$550$358$107
34 years$1,717$1,170$778$507$325$93
35 years$1,650$1,110$727$466$294$80
36 years$1,587$1,054$680$429$266$70
37 years$1,527$1,001$637$396$241$60
38 years$1,470$951$596$365$219$52
39 years$1,417$904$559$336$198$45
40 years$1,366$860$524$310$180$39
41 years$1,318$819$491$286$163$34
42 years$1,272$780$461$264$148$29
43 years$1,228$743$432$244$134$25
44 years$1,187$708$406$225$122$22
45 years$1,147$676$381$208$111$19
46 years$1,110$644$358$192$101$17
47 years$1,074$615$336$177$91$14
48 years$1,040$587$316$164$83$12
49 years$1,007$561$297$151$75$11
50 years$975$536$279$140$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $999,000, adding $4,670 every year, while hoping to spend $23,467 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: 29/48/23 Blend
44$999,000$999,000$999,000$999,000
45$1,105,715$1,052,768$1,037,284$1,129,729
46$1,193,529$1,079,385$1,047,064$1,175,331
47$1,289,514$1,106,520$1,056,385$1,221,932
48$1,394,478$1,134,173$1,065,208$1,271,546
49$1,509,311$1,162,344$1,073,489$1,324,449
50$1,634,995$1,191,032$1,081,184$1,380,942
51$1,772,607$1,220,236$1,088,247$1,441,357
52$1,923,338$1,249,952$1,094,628$1,506,063
53$2,088,495$1,280,177$1,100,275$1,575,463
54$2,269,522$1,310,905$1,105,134$1,650,003
55$2,468,005$1,342,132$1,109,148$1,730,172
56$2,685,694$1,373,848$1,112,257$1,816,513
57$2,924,514$1,406,047$1,114,397$1,909,622
58$3,186,588$1,438,716$1,115,503$2,010,156
59$3,474,253$1,471,846$1,115,505$2,118,839
60$3,790,082$1,505,422$1,114,329$2,236,470
61$4,136,911$1,539,428$1,111,900$2,363,929
62$4,517,865$1,573,849$1,108,138$2,502,187
63$4,936,384$1,608,664$1,102,957$2,652,315
64$5,396,259$1,643,853$1,096,271$2,815,492
65$5,901,667$1,679,392$1,087,985$2,993,019
66$6,457,209$1,715,254$1,078,005$3,186,330
67$7,067,954$1,751,411$1,066,227$3,397,007
68$7,739,486$1,787,831$1,052,547$3,626,793
69$8,477,959$1,824,479$1,036,852$3,877,611
70$9,290,150$1,861,319$1,019,026$4,151,581
71$10,183,530$1,898,307$998,948$4,451,040
72$11,166,326$1,935,401$976,489$4,778,564
73$12,247,606$1,972,550$951,516$5,136,996
74$13,437,359$2,009,702$923,889$5,529,468
75$14,746,593$2,046,801$893,463$5,959,434
76$16,187,436$2,083,784$860,084$6,430,704
77$17,773,250$2,120,585$823,592$6,947,475
78$19,518,760$2,157,133$783,821$7,514,379
79$21,440,190$2,193,349$740,596$8,136,519
80$23,555,417$2,229,151$693,734$8,819,524
81$25,884,140$2,264,449$643,044$9,569,599
82$28,448,064$2,299,149$588,327$10,393,585
83$31,271,106$2,333,146$529,376$11,299,024
84$34,379,620$2,366,332$465,971$12,294,232
85$37,802,647$2,398,588$397,887$13,388,376
86$41,572,186$2,429,788$324,886$14,591,562
87$45,723,499$2,459,798$246,719$15,914,934
88$50,295,441$2,488,473$163,129$17,370,774
89$55,330,827$2,515,659$73,845$18,972,625
90$60,876,838$2,541,193$0$20,735,414
91$66,985,464$2,564,900$0$22,680,859
92$73,713,994$2,586,592$0$24,841,524
93$81,125,558$2,606,072$0$27,219,341
94$89,289,723$2,623,128$0$29,836,435
95$98,283,148$2,637,535$0$32,717,191
96$108,190,307$2,649,052$0$35,888,484
97$119,104,288$2,657,425$0$39,379,934
98$131,127,670$2,662,384$0$43,224,187
99$144,373,492$2,663,639$0$47,457,221
100$158,966,317$2,660,887$0$52,118,690