Can I retire at age 45 with 992,000?

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 $992,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$81,918$81,189$80,477$79,782$79,103$76,206
2 years$40,554$39,798$39,066$38,357$37,668$34,781
3 years$26,767$26,009$25,279$24,576$23,898$21,113
4 years$19,875$19,119$18,396$17,705$17,044$14,381
5 years$15,741$14,990$14,276$13,599$12,957$10,423
6 years$12,986$12,240$11,537$10,876$10,252$7,850
7 years$11,019$10,279$9,588$8,941$8,338$6,067
8 years$9,544$8,811$8,131$7,501$6,917$4,775
9 years$8,398$7,672$7,003$6,389$5,825$3,809
10 years$7,481$6,762$6,106$5,507$4,963$3,069
11 years$6,732$6,020$5,375$4,793$4,269$2,493
12 years$6,108$5,403$4,770$4,204$3,699$2,037
13 years$5,580$4,883$4,262$3,712$3,226$1,673
14 years$5,128$4,439$3,829$3,295$2,828$1,379
15 years$4,737$4,055$3,458$2,938$2,490$1,141
16 years$4,395$3,720$3,135$2,631$2,200$946
17 years$4,093$3,426$2,852$2,364$1,951$786
18 years$3,826$3,166$2,604$2,130$1,735$654
19 years$3,587$2,934$2,384$1,925$1,546$545
20 years$3,371$2,726$2,188$1,743$1,381$455
21 years$3,177$2,540$2,012$1,582$1,236$380
22 years$3,001$2,371$1,855$1,439$1,108$318
23 years$2,840$2,217$1,712$1,310$994$266
24 years$2,693$2,077$1,584$1,195$894$223
25 years$2,558$1,950$1,467$1,091$804$187
26 years$2,433$1,832$1,360$998$725$156
27 years$2,318$1,724$1,263$913$653$131
28 years$2,211$1,625$1,174$837$589$110
29 years$2,112$1,533$1,093$767$532$92
30 years$2,019$1,448$1,018$704$481$77
31 years$1,933$1,368$949$647$435$65
32 years$1,852$1,295$885$594$393$54
33 years$1,777$1,226$827$547$356$46
34 years$1,705$1,162$772$503$322$38
35 years$1,639$1,102$722$463$292$32
36 years$1,576$1,046$676$426$264$27
37 years$1,516$994$632$393$240$23
38 years$1,460$944$592$362$217$19
39 years$1,407$898$555$334$197$16
40 years$1,356$854$520$308$179$13
41 years$1,308$813$488$284$162$11
42 years$1,263$775$457$262$147$9
43 years$1,220$738$429$242$134$8
44 years$1,179$703$403$224$121$7
45 years$1,139$671$378$206$110$6
46 years$1,102$640$355$191$100$5
47 years$1,066$611$334$176$91$4
48 years$1,032$583$314$163$82$3
49 years$1,000$557$295$150$75$3
50 years$969$532$277$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $992,000, adding $5,925 every year, while hoping to spend $39,780 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: 24/49/27 Blend
44$992,000$992,000$992,000$992,000
45$1,099,296$1,046,720$1,031,344$1,116,206
46$1,169,098$1,055,683$1,023,568$1,139,892
47$1,244,687$1,063,753$1,014,199$1,161,494
48$1,326,611$1,070,843$1,003,140$1,183,798
49$1,415,473$1,076,861$990,293$1,206,891
50$1,511,935$1,081,712$975,552$1,230,867
51$1,616,727$1,085,290$958,807$1,255,836
52$1,730,651$1,087,487$939,945$1,281,922
53$1,854,590$1,088,186$918,845$1,309,265
54$1,989,513$1,087,262$895,382$1,338,023
55$2,136,490$1,084,585$869,424$1,368,374
56$2,296,696$1,080,013$840,833$1,400,519
57$2,471,425$1,073,400$809,467$1,434,684
58$2,662,101$1,064,587$775,175$1,471,123
59$2,870,292$1,053,409$737,800$1,510,121
60$3,097,723$1,039,687$697,177$1,551,998
61$3,346,293$1,023,234$653,135$1,597,112
62$3,618,095$1,003,852$605,495$1,645,864
63$3,915,430$981,331$554,069$1,698,703
64$4,240,835$955,447$498,662$1,756,130
65$4,597,102$925,965$439,068$1,818,706
66$4,987,304$892,635$375,074$1,887,056
67$5,414,827$855,193$306,458$1,961,877
68$5,883,401$813,358$232,985$2,043,948
69$6,397,131$766,837$154,414$2,134,133
70$6,960,541$715,314$70,489$2,233,398
71$7,578,612$658,461$0$2,342,818
72$8,256,832$595,926$0$2,469,080
73$9,001,244$527,342$0$2,630,047
74$9,818,505$452,316$0$2,806,951
75$10,715,950$370,437$0$3,001,516
76$11,701,657$281,269$0$3,215,657
77$12,784,526$184,350$0$3,451,488
78$13,974,360$79,196$0$3,711,353
79$15,281,960$0$0$3,997,842
80$16,719,226$0$0$4,332,539
81$18,299,265$0$0$4,747,613
82$20,036,521$0$0$5,204,179
83$21,946,905$0$0$5,706,442
84$24,047,947$0$0$6,259,036
85$26,358,964$0$0$6,867,067
86$28,901,235$0$0$7,536,160
87$31,698,208$0$0$8,272,513
88$34,775,717$0$0$9,082,955
89$38,162,227$0$0$9,975,012
90$41,889,102$0$0$10,956,975
91$45,990,900$0$0$12,037,980
92$50,505,698$0$0$13,228,094
93$55,475,452$0$0$14,538,411
94$60,946,394$0$0$15,981,153
95$66,969,465$0$0$17,569,789
96$73,600,794$0$0$19,319,161
97$80,902,233$0$0$21,245,622
98$88,941,935$0$0$23,367,193
99$97,794,998$0$0$25,703,732
100$107,544,174$0$0$28,277,119