Can I retire at age 45 with 914,000?

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 $914,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$75,477$74,805$74,149$73,509$72,884$70,270
2 years$37,365$36,669$35,995$35,341$34,706$32,101
3 years$24,663$23,964$23,291$22,643$22,019$19,505
4 years$18,313$17,616$16,950$16,313$15,704$13,300
5 years$14,504$13,811$13,154$12,530$11,938$9,649
6 years$11,965$11,278$10,630$10,020$9,446$7,275
7 years$10,153$9,471$8,834$8,238$7,682$5,629
8 years$8,794$8,118$7,492$6,911$6,373$4,435
9 years$7,738$7,069$6,453$5,887$5,367$3,542
10 years$6,893$6,231$5,626$5,074$4,573$2,858
11 years$6,203$5,547$4,953$4,416$3,933$2,324
12 years$5,628$4,978$4,395$3,874$3,408$1,902
13 years$5,141$4,499$3,927$3,420$2,972$1,564
14 years$4,725$4,090$3,528$3,036$2,605$1,291
15 years$4,365$3,736$3,186$2,707$2,294$1,069
16 years$4,049$3,428$2,888$2,424$2,027$888
17 years$3,772$3,157$2,628$2,178$1,798$739
18 years$3,525$2,917$2,399$1,963$1,598$616
19 years$3,305$2,703$2,196$1,774$1,425$514
20 years$3,106$2,512$2,016$1,606$1,273$430
21 years$2,927$2,340$1,854$1,458$1,139$360
22 years$2,765$2,184$1,709$1,326$1,021$301
23 years$2,617$2,043$1,578$1,207$916$252
24 years$2,481$1,914$1,459$1,101$824$212
25 years$2,356$1,796$1,351$1,006$741$178
26 years$2,242$1,688$1,253$919$668$149
27 years$2,135$1,589$1,164$842$602$125
28 years$2,037$1,497$1,082$771$543$105
29 years$1,946$1,412$1,007$707$490$88
30 years$1,861$1,334$938$649$443$74
31 years$1,781$1,261$874$596$401$62
32 years$1,707$1,193$816$548$362$52
33 years$1,637$1,130$762$504$328$44
34 years$1,571$1,071$712$463$297$37
35 years$1,510$1,016$665$427$269$31
36 years$1,452$964$622$393$244$26
37 years$1,397$916$583$362$221$22
38 years$1,345$870$546$334$200$18
39 years$1,296$827$511$308$182$16
40 years$1,250$787$479$284$165$13
41 years$1,206$749$449$262$149$11
42 years$1,164$714$421$242$136$9
43 years$1,124$680$395$223$123$8
44 years$1,086$648$371$206$112$7
45 years$1,050$618$349$190$101$5
46 years$1,015$590$327$176$92$5
47 years$983$563$308$162$84$4
48 years$951$537$289$150$76$3
49 years$921$513$272$139$69$3
50 years$892$490$255$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $914,000, adding $6,768 every year, while hoping to spend $50,132 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: 34/42/24 Blend
44$914,000$914,000$914,000$914,000
45$1,014,209$965,767$951,600$1,041,095
46$1,064,318$959,750$930,139$1,055,713
47$1,117,859$951,757$906,278$1,066,440
48$1,175,127$941,640$879,885$1,077,003
49$1,236,449$929,239$850,820$1,087,420
50$1,302,181$914,387$818,937$1,097,713
51$1,372,716$896,904$784,084$1,107,915
52$1,448,484$876,603$746,102$1,118,062
53$1,529,956$853,284$704,823$1,128,203
54$1,617,651$826,734$660,074$1,138,396
55$1,712,137$796,729$611,672$1,148,709
56$1,814,040$763,034$559,428$1,159,226
57$1,924,045$725,396$503,142$1,170,045
58$2,042,908$683,550$442,607$1,181,278
59$2,171,457$637,217$377,607$1,193,061
60$2,310,603$586,098$307,915$1,205,547
61$2,461,349$529,881$233,294$1,218,916
62$2,624,795$468,233$153,497$1,233,372
63$2,802,153$400,805$68,268$1,249,151
64$2,994,754$327,227$0$1,266,524
65$3,204,065$247,107$0$1,291,606
66$3,431,696$160,032$0$1,337,972
67$3,679,422$65,566$0$1,388,592
68$3,949,192$0$0$1,443,996
69$4,243,156$0$0$1,521,757
70$4,563,674$0$0$1,639,705
71$4,913,349$0$0$1,768,509
72$5,295,042$0$0$1,909,240
73$5,711,904$0$0$2,063,077
74$6,167,405$0$0$2,231,317
75$6,665,363$0$0$2,415,388
76$7,209,982$0$0$2,616,863
77$7,805,892$0$0$2,837,474
78$8,458,190$0$0$3,079,129
79$9,172,490$0$0$3,343,929
80$9,954,972$0$0$3,634,186
81$10,812,445$0$0$3,952,447
82$11,752,405$0$0$4,301,521
83$12,783,110$0$0$4,684,496
84$13,913,653$0$0$5,104,778
85$15,154,051$0$0$5,566,116
86$16,515,338$0$0$6,072,641
87$18,009,667$0$0$6,628,904
88$19,650,425$0$0$7,239,916
89$21,452,359$0$0$7,911,199
90$23,431,714$0$0$8,648,837
91$25,606,387$0$0$9,459,531
92$27,996,093$0$0$10,350,664
93$30,622,551$0$0$11,330,369
94$33,509,690$0$0$12,407,609
95$36,683,871$0$0$13,592,256
96$40,174,139$0$0$14,895,187
97$44,012,493$0$0$16,328,387
98$48,234,187$0$0$17,905,062
99$52,878,066$0$0$19,639,760
100$57,986,925$0$0$21,548,511