Can I retire at age 45 with 995,000?

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 $995,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$82,166$81,434$80,720$80,023$79,343$78,028
2 years$40,676$39,919$39,185$38,473$37,782$36,462
3 years$26,848$26,087$25,355$24,650$23,971$22,685
4 years$19,935$19,177$18,452$17,759$17,096$15,856
5 years$15,789$15,035$14,319$13,640$12,996$11,804
6 years$13,025$12,277$11,572$10,908$10,283$9,142
7 years$11,052$10,310$9,617$8,968$8,363$7,272
8 years$9,573$8,838$8,156$7,523$6,938$5,897
9 years$8,423$7,695$7,024$6,408$5,843$4,851
10 years$7,504$6,783$6,124$5,524$4,978$4,035
11 years$6,752$6,038$5,392$4,808$4,282$3,386
12 years$6,126$5,420$4,785$4,217$3,710$2,861
13 years$5,597$4,898$4,275$3,723$3,235$2,432
14 years$5,144$4,452$3,841$3,305$2,836$2,076
15 years$4,751$4,067$3,468$2,947$2,497$1,780
16 years$4,408$3,731$3,144$2,639$2,207$1,531
17 years$4,106$3,436$2,861$2,371$1,957$1,320
18 years$3,837$3,175$2,612$2,137$1,740$1,141
19 years$3,597$2,943$2,391$1,931$1,551$988
20 years$3,382$2,735$2,194$1,749$1,385$857
21 years$3,187$2,547$2,018$1,587$1,240$745
22 years$3,010$2,378$1,860$1,443$1,111$648
23 years$2,849$2,224$1,718$1,314$997$564
24 years$2,701$2,084$1,588$1,199$897$492
25 years$2,565$1,955$1,471$1,095$807$429
26 years$2,440$1,838$1,365$1,001$727$375
27 years$2,325$1,730$1,267$916$655$327
28 years$2,218$1,630$1,178$839$591$286
29 years$2,118$1,537$1,096$770$534$250
30 years$2,025$1,452$1,021$706$482$219
31 years$1,939$1,373$952$649$436$191
32 years$1,858$1,299$888$596$394$168
33 years$1,782$1,230$829$548$357$147
34 years$1,711$1,166$775$504$323$128
35 years$1,644$1,106$724$464$293$113
36 years$1,580$1,049$678$428$265$99
37 years$1,521$997$634$394$240$86
38 years$1,464$947$594$363$218$76
39 years$1,411$901$556$335$198$66
40 years$1,360$857$522$309$179$58
41 years$1,312$816$489$285$163$51
42 years$1,267$777$459$263$148$45
43 years$1,223$740$430$243$134$39
44 years$1,182$706$404$224$122$34
45 years$1,143$673$379$207$110$30
46 years$1,105$642$356$191$100$26
47 years$1,070$613$335$177$91$23
48 years$1,035$585$315$163$83$20
49 years$1,003$558$296$151$75$18
50 years$971$533$278$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $995,000, adding $3,964 every year, while hoping to spend $40,601 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: 44/26/30 Blend
44$995,000$995,000$995,000$995,000
45$1,100,579$1,047,844$1,032,421$1,139,263
46$1,169,639$1,055,989$1,023,808$1,175,500
47$1,244,382$1,063,173$1,013,546$1,210,611
48$1,325,345$1,069,305$1,001,536$1,247,912
49$1,413,119$1,074,289$987,676$1,287,632
50$1,508,353$1,078,024$971,859$1,330,024
51$1,611,759$1,080,402$953,970$1,375,371
52$1,724,124$1,081,307$933,894$1,423,984
53$1,846,311$1,080,618$911,506$1,476,212
54$1,979,271$1,078,204$886,677$1,532,439
55$2,124,048$1,073,928$859,273$1,593,094
56$2,281,794$1,067,643$829,151$1,658,650
57$2,453,774$1,059,195$796,165$1,729,634
58$2,641,383$1,048,419$760,160$1,806,628
59$2,846,153$1,035,141$720,974$1,890,280
60$3,069,773$1,019,175$678,440$1,981,304
61$3,314,102$1,000,326$632,379$2,080,495
62$3,581,185$978,387$582,609$2,188,730
63$3,873,276$953,138$528,936$2,306,982
64$4,192,854$924,347$471,160$2,436,329
65$4,542,652$891,766$409,070$2,577,963
66$4,925,676$855,136$342,447$2,733,203
67$5,345,238$814,180$271,062$2,903,508
68$5,804,985$768,608$194,676$3,090,494
69$6,308,934$718,111$113,038$3,295,947
70$6,861,509$662,362$25,889$3,521,842
71$7,467,582$601,017$0$3,770,363
72$8,132,520$533,712$0$4,065,409
73$8,862,234$460,060$0$4,398,407
74$9,663,235$379,656$0$4,764,105
75$10,542,695$292,069$0$5,165,863
76$11,508,515$196,846$0$5,607,388
77$12,569,399$93,506$0$6,092,768
78$13,734,933$0$0$6,626,513
79$15,015,681$0$0$7,218,878
80$16,423,279$0$0$7,899,443
81$17,970,545$0$0$8,647,670
82$19,671,603$0$0$9,470,403
83$21,542,013$0$0$10,375,187
84$23,598,918$0$0$11,370,331
85$25,861,206$0$0$12,464,991
86$28,349,685$0$0$13,669,255
87$31,087,285$0$0$14,994,239
88$34,099,266$0$0$16,452,189
89$37,413,464$0$0$18,056,598
90$41,060,546$0$0$19,822,335
91$45,074,304$0$0$21,765,782
92$49,491,971$0$0$23,904,991
93$54,354,573$0$0$26,259,850
94$59,707,314$0$0$28,852,276
95$65,600,005$0$0$31,706,418
96$72,087,531$0$0$34,848,885
97$79,230,369$0$0$38,309,000
98$87,095,159$0$0$42,119,070
99$95,755,330$0$0$46,314,698
100$105,291,798$0$0$50,935,113