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%11.9%
1 years$82,496$81,762$81,045$80,345$79,662$79,027
2 years$40,840$40,079$39,342$38,627$37,934$37,295
3 years$26,956$26,192$25,457$24,749$24,067$23,442
4 years$20,016$19,254$18,526$17,830$17,165$16,559
5 years$15,852$15,095$14,377$13,695$13,048$12,464
6 years$13,078$12,327$11,619$10,952$10,325$9,763
7 years$11,097$10,352$9,655$9,004$8,397$7,857
8 years$9,612$8,873$8,188$7,554$6,966$6,449
9 years$8,457$7,726$7,053$6,434$5,866$5,371
10 years$7,534$6,810$6,149$5,546$4,998$4,525
11 years$6,779$6,063$5,413$4,827$4,299$3,847
12 years$6,151$5,441$4,804$4,234$3,725$3,295
13 years$5,620$4,917$4,292$3,738$3,248$2,838
14 years$5,164$4,470$3,857$3,318$2,848$2,458
15 years$4,770$4,083$3,482$2,959$2,507$2,137
16 years$4,426$3,746$3,157$2,650$2,216$1,865
17 years$4,122$3,450$2,873$2,381$1,965$1,632
18 years$3,853$3,188$2,622$2,145$1,747$1,432
19 years$3,612$2,955$2,401$1,939$1,557$1,259
20 years$3,395$2,746$2,203$1,756$1,391$1,110
21 years$3,200$2,558$2,026$1,593$1,245$979
22 years$3,022$2,387$1,868$1,449$1,116$866
23 years$2,860$2,233$1,725$1,319$1,001$766
24 years$2,712$2,092$1,595$1,203$900$679
25 years$2,576$1,963$1,477$1,099$810$602
26 years$2,450$1,845$1,370$1,005$730$534
27 years$2,334$1,736$1,272$920$658$475
28 years$2,227$1,636$1,183$843$594$422
29 years$2,127$1,544$1,101$773$536$375
30 years$2,034$1,458$1,025$709$484$334
31 years$1,947$1,378$956$651$438$297
32 years$1,865$1,304$892$599$396$265
33 years$1,789$1,235$833$550$358$236
34 years$1,717$1,170$778$507$325$210
35 years$1,650$1,110$727$466$294$187
36 years$1,587$1,054$680$429$266$167
37 years$1,527$1,001$637$396$241$149
38 years$1,470$951$596$365$219$133
39 years$1,417$904$559$336$198$119
40 years$1,366$860$524$310$180$106
41 years$1,318$819$491$286$163$95
42 years$1,272$780$461$264$148$84
43 years$1,228$743$432$244$134$75
44 years$1,187$708$406$225$122$67
45 years$1,147$676$381$208$111$60
46 years$1,110$644$358$192$101$54
47 years$1,074$615$336$177$91$48
48 years$1,040$587$316$164$83$43
49 years$1,007$561$297$151$75$38
50 years$975$536$279$140$68$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $999,000, adding $5,445 every year, while hoping to spend $58,124 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: 45/47/8 Blend
44$999,000$999,000$999,000$999,000
45$1,106,515$1,053,568$1,038,083$1,153,587
46$1,157,536$1,043,349$1,011,015$1,176,443
47$1,211,813$1,030,681$981,093$1,194,780
48$1,269,616$1,015,384$948,158$1,213,323
49$1,331,244$997,264$912,048$1,232,113
50$1,397,019$976,118$872,590$1,251,196
51$1,467,298$951,731$829,604$1,270,628
52$1,542,470$923,874$782,904$1,290,473
53$1,622,963$892,305$732,293$1,310,809
54$1,709,247$856,769$677,566$1,331,725
55$1,801,834$816,995$618,509$1,353,326
56$1,901,291$772,697$554,898$1,375,731
57$2,008,235$723,572$486,500$1,399,080
58$2,123,348$669,300$413,071$1,423,531
59$2,247,376$609,542$334,355$1,449,268
60$2,381,139$543,940$250,086$1,476,499
61$2,525,538$472,117$159,988$1,505,462
62$2,681,565$393,672$63,769$1,536,427
63$2,850,306$308,184$0$1,569,700
64$3,032,959$215,206$0$1,608,951
65$3,230,838$114,268$0$1,657,276
66$3,445,388$4,872$0$1,709,697
67$3,678,200$0$0$1,766,744
68$3,931,023$0$0$1,887,716
69$4,205,780$0$0$2,022,025
70$4,504,586$0$0$2,168,199
71$4,829,769$0$0$2,327,390
72$5,183,892$0$0$2,500,867
73$5,569,771$0$0$2,690,025
74$5,990,510$0$0$2,896,401
75$6,449,522$0$0$3,121,684
76$6,950,564$0$0$3,367,737
77$7,497,773$0$0$3,636,608
78$8,095,702$0$0$3,930,553
79$8,749,365$0$0$4,252,055
80$9,464,280$0$0$4,603,849
81$10,246,524$0$0$4,988,945
82$11,102,790$0$0$5,410,659
83$12,040,444$0$0$5,872,643
84$13,067,603$0$0$6,378,917
85$14,193,201$0$0$6,933,910
86$15,427,080$0$0$7,542,499
87$16,780,079$0$0$8,210,056
88$18,264,137$0$0$8,942,497
89$19,892,401$0$0$9,746,341
90$21,679,357$0$0$10,628,766
91$23,640,956$0$0$11,597,679
92$25,794,774$0$0$12,661,792
93$28,160,167$0$0$13,830,701
94$30,758,463$0$0$15,114,977
95$33,613,151$0$0$16,526,266
96$36,750,114$0$0$18,077,397
97$40,197,863$0$0$19,782,505
98$43,987,807$0$0$21,657,163
99$48,154,554$0$0$23,718,526
100$52,736,228$0$0$25,985,497