Can I retire at age 45 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$82,084$81,352$80,639$79,943$79,263$78,796
2 years$40,635$39,879$39,145$38,434$37,744$37,274
3 years$26,821$26,061$25,330$24,625$23,947$23,486
4 years$19,915$19,158$18,433$17,741$17,079$16,633
5 years$15,773$15,020$14,305$13,627$12,983$12,552
6 years$13,012$12,265$11,561$10,897$10,273$9,858
7 years$11,041$10,300$9,607$8,959$8,355$7,956
8 years$9,564$8,829$8,147$7,516$6,931$6,548
9 years$8,415$7,687$7,017$6,402$5,837$5,470
10 years$7,496$6,776$6,118$5,518$4,973$4,622
11 years$6,745$6,032$5,386$4,803$4,277$3,942
12 years$6,120$5,414$4,780$4,213$3,707$3,386
13 years$5,591$4,893$4,271$3,719$3,232$2,927
14 years$5,139$4,447$3,837$3,301$2,833$2,542
15 years$4,747$4,063$3,464$2,944$2,495$2,218
16 years$4,404$3,728$3,141$2,636$2,205$1,942
17 years$4,102$3,433$2,858$2,369$1,955$1,706
18 years$3,833$3,172$2,609$2,135$1,738$1,502
19 years$3,594$2,940$2,389$1,929$1,549$1,325
20 years$3,378$2,732$2,192$1,747$1,384$1,172
21 years$3,184$2,545$2,016$1,585$1,238$1,038
22 years$3,007$2,375$1,858$1,442$1,110$921
23 years$2,846$2,222$1,716$1,313$996$818
24 years$2,698$2,082$1,587$1,197$896$728
25 years$2,563$1,953$1,470$1,094$806$648
26 years$2,438$1,836$1,363$1,000$726$577
27 years$2,322$1,728$1,266$915$655$515
28 years$2,215$1,628$1,177$839$591$460
29 years$2,116$1,536$1,095$769$533$410
30 years$2,023$1,451$1,020$706$482$367
31 years$1,937$1,371$951$648$436$328
32 years$1,856$1,297$887$596$394$293
33 years$1,780$1,229$828$548$357$262
34 years$1,709$1,165$774$504$323$235
35 years$1,642$1,105$724$464$292$210
36 years$1,579$1,048$677$427$265$188
37 years$1,519$996$634$394$240$169
38 years$1,463$946$593$363$218$151
39 years$1,409$900$556$335$197$135
40 years$1,359$856$521$309$179$121
41 years$1,311$815$489$285$162$109
42 years$1,266$776$458$263$147$97
43 years$1,222$739$430$243$134$87
44 years$1,181$705$404$224$121$78
45 years$1,142$672$379$207$110$70
46 years$1,104$641$356$191$100$63
47 years$1,069$612$334$177$91$57
48 years$1,034$584$314$163$83$51
49 years$1,002$558$295$151$75$46
50 years$970$533$278$139$68$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $994,000, adding $4,319 every year, while hoping to spend $44,738 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: 41/42/17 Blend
44$994,000$994,000$994,000$994,000
45$1,099,843$1,047,161$1,031,754$1,139,260
46$1,164,426$1,050,871$1,018,717$1,171,329
47$1,234,097$1,053,263$1,003,744$1,201,333
48$1,309,328$1,054,226$986,722$1,232,863
49$1,390,637$1,053,641$967,535$1,266,079
50$1,478,594$1,051,382$946,059$1,301,164
51$1,573,826$1,047,314$922,167$1,338,317
52$1,677,019$1,041,296$895,723$1,377,763
53$1,788,933$1,033,177$866,587$1,419,755
54$1,910,399$1,022,797$834,612$1,464,572
55$2,042,332$1,009,987$799,645$1,512,525
56$2,185,741$994,567$761,524$1,563,963
57$2,341,732$976,347$720,081$1,619,274
58$2,511,526$955,124$675,140$1,678,888
59$2,696,463$930,687$626,519$1,743,285
60$2,898,019$902,808$574,025$1,812,999
61$3,117,820$871,248$517,457$1,888,624
62$3,357,653$835,755$456,607$1,970,819
63$3,619,486$796,059$391,256$2,060,317
64$3,905,485$751,878$321,175$2,157,932
65$4,218,036$702,911$246,126$2,264,568
66$4,559,764$648,842$165,859$2,381,228
67$4,933,561$589,336$80,116$2,509,024
68$5,342,608$524,038$0$2,649,192
69$5,790,412$452,574$0$2,805,167
70$6,280,832$374,548$0$2,992,042
71$6,818,119$289,542$0$3,197,008
72$7,406,953$197,116$0$3,421,983
73$8,052,489$96,802$0$3,669,092
74$8,760,407$0$0$3,940,682
75$9,536,958$0$0$4,244,846
76$10,389,032$0$0$4,627,810
77$11,324,216$0$0$5,048,260
78$12,350,867$0$0$5,509,972
79$13,478,190$0$0$6,017,102
80$14,716,329$0$0$6,574,230
81$16,076,453$0$0$7,186,402
82$17,570,870$0$0$7,859,176
83$19,213,138$0$0$8,598,675
84$21,018,194$0$0$9,411,646
85$23,002,494$0$0$10,305,521
86$25,184,165$0$0$11,288,489
87$27,583,183$0$0$12,369,571
88$30,221,553$0$0$13,558,708
89$33,123,520$0$0$14,866,851
90$36,315,799$0$0$16,306,067
91$39,827,820$0$0$17,889,651
92$43,692,014$0$0$19,632,252
93$47,944,111$0$0$21,550,012
94$52,623,480$0$0$23,660,713
95$57,773,501$0$0$25,983,953
96$63,441,970$0$0$28,541,324
97$69,681,554$0$0$31,356,618
98$76,550,283$0$0$34,456,049
99$84,112,101$0$0$37,868,506
100$92,437,465$0$0$41,625,819