Can I retire at age 45 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$75,312$74,641$73,987$73,348$72,724$70,228
2 years$37,283$36,589$35,916$35,263$34,631$32,141
3 years$24,609$23,911$23,240$22,594$21,971$19,566
4 years$18,273$17,577$16,913$16,277$15,670$13,368
5 years$14,472$13,781$13,125$12,503$11,912$9,720
6 years$11,939$11,253$10,607$9,998$9,426$7,345
7 years$10,130$9,450$8,814$8,220$7,666$5,695
8 years$8,775$8,101$7,475$6,896$6,359$4,498
9 years$7,721$7,053$6,438$5,874$5,355$3,601
10 years$6,878$6,217$5,613$5,063$4,563$2,913
11 years$6,189$5,535$4,942$4,406$3,924$2,375
12 years$5,615$4,968$4,386$3,865$3,401$1,949
13 years$5,130$4,489$3,918$3,412$2,966$1,607
14 years$4,715$4,081$3,521$3,029$2,600$1,330
15 years$4,355$3,728$3,179$2,701$2,289$1,105
16 years$4,041$3,420$2,882$2,419$2,023$920
17 years$3,763$3,150$2,622$2,173$1,794$768
18 years$3,517$2,911$2,394$1,959$1,595$642
19 years$3,297$2,697$2,192$1,770$1,422$538
20 years$3,100$2,507$2,011$1,603$1,270$451
21 years$2,921$2,335$1,850$1,455$1,136$379
22 years$2,759$2,179$1,705$1,323$1,019$318
23 years$2,611$2,038$1,574$1,205$914$267
24 years$2,476$1,910$1,456$1,099$822$225
25 years$2,351$1,792$1,349$1,003$739$189
26 years$2,237$1,684$1,251$917$666$159
27 years$2,131$1,585$1,161$840$601$134
28 years$2,033$1,494$1,080$769$542$113
29 years$1,941$1,409$1,005$705$489$95
30 years$1,856$1,331$936$647$442$80
31 years$1,777$1,258$872$595$400$68
32 years$1,703$1,190$814$547$362$57
33 years$1,633$1,127$760$503$327$48
34 years$1,568$1,068$710$462$296$41
35 years$1,506$1,013$664$426$268$34
36 years$1,448$962$621$392$243$29
37 years$1,394$914$581$361$220$24
38 years$1,342$868$544$333$200$21
39 years$1,293$826$510$307$181$17
40 years$1,247$785$478$283$164$15
41 years$1,203$748$448$261$149$12
42 years$1,161$712$420$241$135$10
43 years$1,121$678$395$223$123$9
44 years$1,084$647$370$205$111$7
45 years$1,048$617$348$190$101$6
46 years$1,013$588$327$175$92$5
47 years$980$561$307$162$83$4
48 years$949$536$288$150$76$4
49 years$919$512$271$138$69$3
50 years$890$489$255$128$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $912,000, adding $5,077 every year, while hoping to spend $34,081 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: 46/41/13 Blend
44$912,000$912,000$912,000$912,000
45$1,010,261$961,925$947,789$1,052,802
46$1,077,046$972,797$943,278$1,093,688
47$1,149,500$983,060$937,474$1,134,133
48$1,228,167$992,648$930,297$1,177,254
49$1,313,642$1,001,490$921,664$1,223,312
50$1,406,582$1,009,511$911,488$1,272,598
51$1,507,709$1,016,633$899,678$1,325,430
52$1,617,817$1,022,770$886,139$1,382,161
53$1,737,780$1,027,831$870,771$1,443,183
54$1,868,560$1,031,721$853,468$1,508,928
55$2,011,216$1,034,338$834,122$1,579,874
56$2,166,913$1,035,574$812,618$1,656,549
57$2,336,933$1,035,312$788,835$1,739,539
58$2,522,688$1,033,430$762,650$1,829,490
59$2,725,734$1,029,800$733,930$1,927,115
60$2,947,780$1,024,282$702,538$2,033,206
61$3,190,712$1,016,730$668,331$2,148,635
62$3,456,604$1,006,989$631,160$2,274,368
63$3,747,741$994,895$590,867$2,411,470
64$4,066,639$980,273$547,289$2,561,120
65$4,416,068$962,938$500,255$2,724,620
66$4,799,079$942,695$449,587$2,903,409
67$5,219,034$919,335$395,097$3,099,077
68$5,679,634$892,641$336,590$3,313,378
69$6,184,954$862,378$273,864$3,548,253
70$6,739,487$828,302$206,706$3,805,844
71$7,348,177$790,151$134,893$4,088,516
72$8,016,473$747,651$58,194$4,398,882
73$8,750,377$700,509$0$4,739,827
74$9,556,501$648,419$0$5,117,817
75$10,442,127$591,055$0$5,541,915
76$11,415,279$528,072$0$6,007,960
77$12,484,796$459,106$0$6,520,276
78$13,660,417$383,773$0$7,083,633
79$14,952,869$301,668$0$7,703,296
80$16,373,973$212,361$0$8,385,072
81$17,936,750$115,399$0$9,135,366
82$19,655,549$10,303$0$9,961,246
83$21,546,176$0$0$10,870,507
84$23,626,049$0$0$11,918,414
85$25,914,357$0$0$13,076,573
86$28,432,244$0$0$14,351,052
87$31,203,006$0$0$15,753,659
88$34,252,312$0$0$17,297,405
89$37,608,444$0$0$18,996,623
90$41,302,568$0$0$20,867,111
91$45,369,022$0$0$22,926,273
92$49,845,642$0$0$25,193,288
93$54,774,120$0$0$27,689,286
94$60,200,395$0$0$30,437,554
95$66,175,090$0$0$33,463,750
96$72,753,982$0$0$36,796,148
97$79,998,535$0$0$40,465,902
98$87,976,478$0$0$44,507,341
99$96,762,441$0$0$48,958,296
100$106,438,662$0$0$53,860,452