Can I retire at age 45 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$81,753$81,025$80,315$79,621$78,944$77,540
2 years$40,472$39,718$38,988$38,279$37,592$36,183
3 years$26,713$25,956$25,228$24,526$23,850$22,479
4 years$19,835$19,081$18,359$17,670$17,010$15,688
5 years$15,710$14,959$14,248$13,572$12,931$11,661
6 years$12,960$12,215$11,514$10,854$10,232$9,016
7 years$10,997$10,259$9,568$8,923$8,321$7,160
8 years$9,525$8,793$8,115$7,486$6,903$5,796
9 years$8,381$7,656$6,989$6,376$5,813$4,759
10 years$7,466$6,749$6,093$5,496$4,953$3,952
11 years$6,718$6,008$5,364$4,783$4,260$3,310
12 years$6,095$5,392$4,761$4,196$3,692$2,791
13 years$5,569$4,873$4,253$3,704$3,219$2,368
14 years$5,118$4,430$3,822$3,288$2,822$2,018
15 years$4,727$4,046$3,451$2,932$2,485$1,726
16 years$4,386$3,713$3,128$2,626$2,196$1,481
17 years$4,085$3,419$2,847$2,359$1,947$1,274
18 years$3,818$3,159$2,599$2,126$1,731$1,099
19 years$3,579$2,928$2,379$1,921$1,543$950
20 years$3,365$2,721$2,183$1,740$1,378$822
21 years$3,171$2,534$2,008$1,579$1,233$713
22 years$2,995$2,366$1,851$1,436$1,106$619
23 years$2,834$2,213$1,709$1,308$992$537
24 years$2,687$2,073$1,581$1,193$892$467
25 years$2,552$1,946$1,464$1,089$803$407
26 years$2,428$1,829$1,358$996$723$354
27 years$2,313$1,721$1,261$912$652$309
28 years$2,206$1,622$1,172$835$588$269
29 years$2,107$1,530$1,091$766$531$235
30 years$2,015$1,445$1,016$703$480$205
31 years$1,929$1,366$947$646$434$179
32 years$1,848$1,292$884$593$392$156
33 years$1,773$1,224$825$546$355$136
34 years$1,702$1,160$771$502$322$119
35 years$1,635$1,100$721$462$291$104
36 years$1,572$1,044$674$426$264$91
37 years$1,513$992$631$392$239$79
38 years$1,457$942$591$361$217$69
39 years$1,404$896$554$333$197$61
40 years$1,353$853$519$307$178$53
41 years$1,306$812$487$284$162$46
42 years$1,260$773$456$262$147$41
43 years$1,217$737$428$242$133$36
44 years$1,176$702$402$223$121$31
45 years$1,137$669$378$206$110$27
46 years$1,100$639$355$190$100$24
47 years$1,064$609$333$176$91$21
48 years$1,030$582$313$162$82$18
49 years$998$556$294$150$75$16
50 years$967$531$277$139$68$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $990,000, adding $5,847 every year, while hoping to spend $34,423 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: 79/12/9 Blend
44$990,000$990,000$990,000$990,000
45$1,097,011$1,044,541$1,029,196$1,181,714
46$1,172,281$1,059,098$1,027,048$1,252,691
47$1,254,074$1,073,214$1,023,675$1,325,465
48$1,343,020$1,086,832$1,018,999$1,404,285
49$1,439,810$1,099,890$1,012,938$1,489,739
50$1,545,208$1,112,321$1,005,408$1,582,474
51$1,660,050$1,124,055$996,320$1,683,201
52$1,785,258$1,135,017$985,580$1,792,707
53$1,921,848$1,145,127$973,090$1,911,855
54$2,070,937$1,154,298$958,749$2,041,597
55$2,233,754$1,162,441$942,449$2,182,984
56$2,411,653$1,169,457$924,077$2,337,170
57$2,606,125$1,175,243$903,517$2,505,430
58$2,818,810$1,179,691$880,645$2,689,167
59$3,051,515$1,182,682$855,334$2,889,927
60$3,306,230$1,184,093$827,447$3,109,415
61$3,585,144$1,183,793$796,846$3,349,507
62$3,890,671$1,181,640$763,382$3,612,274
63$4,225,466$1,177,488$726,902$3,899,993
64$4,592,455$1,171,177$687,245$4,215,179
65$4,994,862$1,162,540$644,244$4,560,599
66$5,436,234$1,151,401$597,722$4,939,305
67$5,920,481$1,137,570$547,497$5,354,660
68$6,451,908$1,120,849$493,376$5,810,369
69$7,035,258$1,101,026$435,159$6,310,516
70$7,675,755$1,077,878$372,638$6,859,601
71$8,379,154$1,051,166$305,594$7,462,585
72$9,151,795$1,020,640$233,798$8,124,935
73$10,000,662$986,035$157,014$8,852,674
74$10,933,447$947,068$74,992$9,652,442
75$11,958,627$903,443$0$10,531,557
76$13,085,539$854,844$0$11,499,288
77$14,324,471$800,939$0$12,571,081
78$15,686,757$741,374$0$13,749,551
79$17,184,883$675,779$0$15,045,522
80$18,832,608$603,758$0$16,470,921
81$20,645,089$524,897$0$18,038,891
82$22,639,026$438,756$0$19,763,918
83$24,832,822$344,870$0$21,661,962
84$27,246,751$242,750$0$23,750,612
85$29,903,151$131,876$0$26,049,251
86$32,826,636$11,702$0$28,579,238
87$36,044,328$0$0$31,364,111
88$39,586,110$0$0$34,445,438
89$43,484,910$0$0$37,839,105
90$47,777,009$0$0$41,575,154
91$52,502,386$0$0$45,688,389
92$57,705,093$0$0$50,217,159
93$63,433,672$0$0$55,203,723
94$69,741,610$0$0$60,694,646
95$76,687,845$0$0$66,741,238
96$84,337,322$0$0$73,400,037
97$92,761,607$0$0$80,733,347
98$102,039,558$0$0$88,809,819
99$112,258,072$0$0$97,705,105
100$123,512,905$0$0$107,502,564