Can I retire at age 45 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$82,496$81,762$81,045$80,345$79,662$78,181
2 years$40,840$40,079$39,342$38,627$37,934$36,448
3 years$26,956$26,192$25,457$24,749$24,067$22,622
4 years$20,016$19,254$18,526$17,830$17,165$15,771
5 years$15,852$15,095$14,377$13,695$13,048$11,711
6 years$13,078$12,327$11,619$10,952$10,325$9,045
7 years$11,097$10,352$9,655$9,004$8,397$7,174
8 years$9,612$8,873$8,188$7,554$6,966$5,801
9 years$8,457$7,726$7,053$6,434$5,866$4,758
10 years$7,534$6,810$6,149$5,546$4,998$3,946
11 years$6,779$6,063$5,413$4,827$4,299$3,301
12 years$6,151$5,441$4,804$4,234$3,725$2,780
13 years$5,620$4,917$4,292$3,738$3,248$2,355
14 years$5,164$4,470$3,857$3,318$2,848$2,004
15 years$4,770$4,083$3,482$2,959$2,507$1,712
16 years$4,426$3,746$3,157$2,650$2,216$1,467
17 years$4,122$3,450$2,873$2,381$1,965$1,261
18 years$3,853$3,188$2,622$2,145$1,747$1,086
19 years$3,612$2,955$2,401$1,939$1,557$937
20 years$3,395$2,746$2,203$1,756$1,391$810
21 years$3,200$2,558$2,026$1,593$1,245$701
22 years$3,022$2,387$1,868$1,449$1,116$607
23 years$2,860$2,233$1,725$1,319$1,001$527
24 years$2,712$2,092$1,595$1,203$900$457
25 years$2,576$1,963$1,477$1,099$810$397
26 years$2,450$1,845$1,370$1,005$730$346
27 years$2,334$1,736$1,272$920$658$301
28 years$2,227$1,636$1,183$843$594$262
29 years$2,127$1,544$1,101$773$536$228
30 years$2,034$1,458$1,025$709$484$199
31 years$1,947$1,378$956$651$438$173
32 years$1,865$1,304$892$599$396$151
33 years$1,789$1,235$833$550$358$131
34 years$1,717$1,170$778$507$325$115
35 years$1,650$1,110$727$466$294$100
36 years$1,587$1,054$680$429$266$87
37 years$1,527$1,001$637$396$241$76
38 years$1,470$951$596$365$219$66
39 years$1,417$904$559$336$198$58
40 years$1,366$860$524$310$180$51
41 years$1,318$819$491$286$163$44
42 years$1,272$780$461$264$148$39
43 years$1,228$743$432$244$134$34
44 years$1,187$708$406$225$122$29
45 years$1,147$676$381$208$111$26
46 years$1,110$644$358$192$101$22
47 years$1,074$615$336$177$91$20
48 years$1,040$587$316$164$83$17
49 years$1,007$561$297$151$75$15
50 years$975$536$279$140$68$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $999,000, adding $6,580 every year, while hoping to spend $38,525 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: 57/36/7 Blend
44$999,000$999,000$999,000$999,000
45$1,107,685$1,054,738$1,039,254$1,168,747
46$1,179,679$1,065,430$1,033,078$1,221,293
47$1,257,725$1,075,355$1,025,405$1,273,610
48$1,342,399$1,084,434$1,016,143$1,329,660
49$1,434,337$1,092,584$1,005,196$1,389,803
50$1,534,235$1,099,716$992,466$1,454,436
51$1,642,861$1,105,736$977,848$1,523,999
52$1,761,059$1,110,543$961,232$1,598,975
53$1,889,758$1,114,031$942,504$1,679,899
54$2,029,980$1,116,085$921,545$1,767,363
55$2,182,849$1,116,585$898,228$1,862,018
56$2,349,605$1,115,403$872,424$1,964,584
57$2,531,609$1,112,402$843,994$2,075,855
58$2,730,361$1,107,438$812,796$2,196,710
59$2,947,513$1,100,357$778,680$2,328,115
60$3,184,881$1,090,997$741,488$2,471,142
61$3,444,468$1,079,185$701,057$2,626,969
62$3,728,477$1,064,738$657,215$2,796,899
63$4,039,334$1,047,462$609,784$2,982,371
64$4,379,711$1,027,152$558,577$3,184,972
65$4,752,549$1,003,591$503,397$3,406,453
66$5,161,090$976,548$444,041$3,648,749
67$5,608,901$945,778$380,296$3,913,993
68$6,099,912$911,024$311,939$4,204,541
69$6,638,451$872,013$238,738$4,522,991
70$7,229,287$828,455$160,449$4,872,211
71$7,877,670$780,045$76,820$5,255,367
72$8,589,384$726,459$0$5,675,950
73$9,370,801$667,356$0$6,138,742
74$10,228,939$602,373$0$6,653,251
75$11,171,531$531,129$0$7,218,443
76$12,207,093$453,220$0$7,839,518
77$13,345,008$368,220$0$8,522,208
78$14,595,614$275,678$0$9,272,835
79$15,970,298$175,117$0$10,098,374
80$17,481,607$66,036$0$11,006,515
81$19,143,363$0$0$12,005,740
82$20,970,795$0$0$13,126,042
83$22,980,681$0$0$14,387,065
84$25,191,508$0$0$15,774,261
85$27,623,644$0$0$17,300,423
86$30,299,529$0$0$18,979,644
87$33,243,891$0$0$20,827,455
88$36,483,972$0$0$22,860,967
89$40,049,791$0$0$25,099,035
90$43,974,425$0$0$27,562,432
91$48,294,317$0$0$30,274,049
92$53,049,624$0$0$33,259,110
93$58,284,596$0$0$36,545,405
94$64,047,987$0$0$40,163,559
95$70,393,524$0$0$44,147,317
96$77,380,403$0$0$48,533,860
97$85,073,856$0$0$53,364,162
98$93,545,762$0$0$58,683,370
99$102,875,324$0$0$64,541,233
100$113,149,821$0$0$70,992,571