Can I retire at age 45 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$82,249$81,516$80,801$80,104$79,422$76,635
2 years$40,717$39,959$39,224$38,511$37,820$35,041
3 years$26,875$26,114$25,380$24,675$23,995$21,311
4 years$19,956$19,196$18,470$17,777$17,113$14,546
5 years$15,805$15,050$14,334$13,654$13,009$10,565
6 years$13,039$12,290$11,584$10,919$10,294$7,974
7 years$11,063$10,321$9,626$8,977$8,372$6,177
8 years$9,583$8,847$8,164$7,531$6,945$4,873
9 years$8,432$7,703$7,032$6,415$5,849$3,896
10 years$7,511$6,790$6,130$5,530$4,983$3,148
11 years$6,759$6,044$5,397$4,812$4,286$2,563
12 years$6,132$5,425$4,790$4,221$3,714$2,100
13 years$5,603$4,903$4,279$3,727$3,239$1,729
14 years$5,149$4,456$3,845$3,308$2,839$1,430
15 years$4,756$4,071$3,471$2,950$2,500$1,186
16 years$4,413$3,735$3,147$2,642$2,209$986
17 years$4,110$3,440$2,864$2,373$1,959$822
18 years$3,841$3,179$2,614$2,139$1,742$686
19 years$3,601$2,946$2,393$1,933$1,552$574
20 years$3,385$2,737$2,197$1,750$1,387$480
21 years$3,190$2,550$2,020$1,589$1,241$403
22 years$3,013$2,380$1,862$1,444$1,112$338
23 years$2,851$2,226$1,719$1,315$998$283
24 years$2,704$2,086$1,590$1,200$897$238
25 years$2,568$1,957$1,473$1,096$808$200
26 years$2,443$1,840$1,366$1,002$727$168
27 years$2,327$1,731$1,268$917$656$141
28 years$2,220$1,631$1,179$840$592$119
29 years$2,120$1,539$1,097$770$534$100
30 years$2,027$1,453$1,022$707$483$84
31 years$1,941$1,374$953$649$437$71
32 years$1,860$1,300$889$597$395$60
33 years$1,784$1,231$830$549$357$50
34 years$1,712$1,167$776$505$324$42
35 years$1,645$1,107$725$465$293$36
36 years$1,582$1,050$678$428$266$30
37 years$1,522$998$635$394$241$25
38 years$1,466$948$595$364$218$21
39 years$1,412$902$557$335$198$18
40 years$1,362$858$522$309$179$15
41 years$1,314$817$490$285$163$13
42 years$1,268$778$459$263$148$11
43 years$1,225$741$431$243$134$9
44 years$1,183$706$404$224$122$8
45 years$1,144$674$380$207$110$6
46 years$1,107$643$357$191$100$5
47 years$1,071$613$335$177$91$5
48 years$1,036$585$315$163$83$4
49 years$1,004$559$296$151$75$3
50 years$972$534$278$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $996,000, adding $3,609 every year, while hoping to spend $51,147 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: 29/41/30 Blend
44$996,000$996,000$996,000$996,000
45$1,101,315$1,048,527$1,033,089$1,123,006
46$1,159,229$1,045,484$1,013,277$1,137,535
47$1,221,336$1,040,579$991,088$1,148,496
48$1,288,010$1,033,665$966,387$1,159,277
49$1,359,660$1,024,588$939,034$1,169,900
50$1,436,738$1,013,185$908,884$1,180,392
51$1,519,737$999,283$875,783$1,190,791
52$1,609,200$982,697$839,572$1,201,140
53$1,705,723$963,235$800,082$1,211,496
54$1,809,962$940,688$757,140$1,221,925
55$1,922,636$914,840$710,563$1,232,506
56$2,044,537$885,459$660,158$1,243,334
57$2,176,534$852,301$605,728$1,254,520
58$2,319,584$815,107$547,063$1,266,194
59$2,474,737$773,603$483,946$1,278,507
60$2,643,151$727,500$416,149$1,291,633
61$2,826,097$676,492$343,434$1,305,773
62$3,024,973$620,255$265,554$1,321,159
63$3,241,320$558,447$182,249$1,338,056
64$3,476,829$490,705$93,249$1,356,764
65$3,733,364$416,649$0$1,377,628
66$4,012,976$335,873$0$1,401,591
67$4,317,921$247,952$0$1,460,434
68$4,650,682$152,435$0$1,524,873
69$5,013,993$48,846$0$1,595,579
70$5,410,864$0$0$1,673,295
71$5,844,607$0$0$1,787,417
72$6,318,869$0$0$1,936,450
73$6,837,667$0$0$2,099,635
74$7,405,422$0$0$2,278,383
75$8,027,003$0$0$2,474,248
76$8,707,771$0$0$2,688,941
77$9,453,631$0$0$2,924,345
78$10,271,085$0$0$3,182,537
79$11,167,294$0$0$3,465,801
80$12,150,147$0$0$3,776,655
81$13,228,330$0$0$4,117,872
82$14,411,412$0$0$4,492,508
83$15,709,933$0$0$4,903,927
84$17,135,503$0$0$5,355,836
85$18,700,910$0$0$5,852,318
86$20,420,242$0$0$6,397,873
87$22,309,019$0$0$6,997,456
88$24,384,338$0$0$7,656,526
89$26,665,034$0$0$8,381,100
90$29,171,855$0$0$9,177,803
91$31,927,661$0$0$10,053,939
92$34,957,639$0$0$11,017,550
93$38,289,536$0$0$12,077,499
94$41,953,922$0$0$13,243,553
95$45,984,478$0$0$14,526,470
96$50,418,317$0$0$15,938,105
97$55,296,324$0$0$17,491,519
98$60,663,552$0$0$19,201,105
99$66,569,637$0$0$21,082,720
100$73,069,273$0$0$23,153,839