Can I retire at age 45 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$75,560$74,887$74,230$73,589$72,963$70,713
2 years$37,406$36,709$36,034$35,379$34,744$32,497
3 years$24,690$23,990$23,316$22,668$22,043$19,869
4 years$18,333$17,635$16,968$16,331$15,721$13,637
5 years$14,519$13,826$13,168$12,544$11,951$9,962
6 years$11,978$11,290$10,642$10,031$9,457$7,565
7 years$10,164$9,481$8,843$8,247$7,691$5,896
8 years$8,803$8,127$7,500$6,918$6,380$4,682
9 years$7,746$7,076$6,460$5,893$5,373$3,769
10 years$6,901$6,237$5,632$5,080$4,578$3,066
11 years$6,209$5,553$4,958$4,421$3,937$2,514
12 years$5,634$4,984$4,400$3,878$3,412$2,075
13 years$5,147$4,504$3,931$3,424$2,975$1,722
14 years$4,730$4,094$3,532$3,039$2,608$1,434
15 years$4,369$3,740$3,189$2,710$2,296$1,199
16 years$4,054$3,431$2,891$2,427$2,030$1,005
17 years$3,776$3,160$2,631$2,180$1,800$844
18 years$3,529$2,920$2,402$1,965$1,600$711
19 years$3,308$2,706$2,199$1,776$1,426$599
20 years$3,110$2,515$2,018$1,608$1,274$506
21 years$2,931$2,342$1,856$1,459$1,140$428
22 years$2,768$2,187$1,711$1,327$1,022$362
23 years$2,620$2,045$1,580$1,208$917$306
24 years$2,484$1,916$1,461$1,102$824$260
25 years$2,359$1,798$1,353$1,007$742$220
26 years$2,244$1,690$1,255$920$668$187
27 years$2,138$1,590$1,165$842$603$158
28 years$2,039$1,499$1,083$772$544$134
29 years$1,948$1,414$1,008$708$491$114
30 years$1,863$1,335$939$650$444$97
31 years$1,783$1,262$875$597$401$82
32 years$1,708$1,194$817$548$363$70
33 years$1,639$1,131$763$504$328$59
34 years$1,573$1,072$712$464$297$50
35 years$1,511$1,017$666$427$269$43
36 years$1,453$965$623$393$244$36
37 years$1,398$917$583$362$221$31
38 years$1,347$871$546$334$200$26
39 years$1,297$828$512$308$182$22
40 years$1,251$788$480$284$165$19
41 years$1,207$750$450$262$150$16
42 years$1,165$714$422$242$136$14
43 years$1,125$681$396$223$123$12
44 years$1,087$649$372$206$112$10
45 years$1,051$619$349$190$101$8
46 years$1,017$590$328$176$92$7
47 years$984$563$308$162$84$6
48 years$952$538$289$150$76$5
49 years$922$514$272$139$69$4
50 years$893$491$256$128$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $915,000, adding $3,628 every year, while hoping to spend $28,773 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: 67/25/8 Blend
44$915,000$915,000$915,000$915,000
45$1,012,072$963,577$949,395$1,078,136
46$1,084,689$980,178$950,585$1,139,065
47$1,163,749$996,628$950,851$1,201,854
48$1,249,878$1,012,890$950,131$1,269,735
49$1,343,766$1,028,922$948,361$1,343,200
50$1,446,173$1,044,682$945,474$1,422,793
51$1,557,933$1,060,121$941,398$1,509,113
52$1,679,967$1,075,192$936,059$1,602,820
53$1,813,286$1,089,839$929,380$1,704,640
54$1,959,006$1,104,006$921,279$1,815,376
55$2,118,353$1,117,631$911,670$1,935,910
56$2,292,679$1,130,649$900,465$2,067,216
57$2,483,471$1,142,989$887,570$2,210,365
58$2,692,368$1,154,578$872,886$2,366,540
59$2,921,173$1,165,336$856,311$2,537,043
60$3,171,872$1,175,178$837,737$2,723,310
61$3,446,655$1,184,013$817,053$2,926,923
62$3,747,929$1,191,745$794,140$3,149,628
63$4,078,350$1,198,272$768,875$3,393,345
64$4,440,840$1,203,486$741,131$3,660,195
65$4,838,618$1,207,269$710,771$3,952,514
66$5,275,231$1,209,500$677,656$4,272,874
67$5,754,586$1,210,047$641,639$4,624,116
68$6,280,985$1,208,770$602,565$5,009,366
69$6,859,169$1,205,524$560,275$5,432,074
70$7,494,360$1,200,150$514,600$5,896,039
71$8,192,311$1,192,483$465,365$6,405,451
72$8,959,358$1,182,346$412,386$6,964,928
73$9,802,484$1,169,553$355,473$7,579,561
74$10,729,381$1,153,905$294,425$8,254,961
75$11,748,524$1,135,192$229,034$8,997,312
76$12,869,249$1,113,191$159,081$9,813,432
77$14,101,842$1,087,668$84,341$10,710,836
78$15,457,638$1,058,371$4,574$11,697,806
79$16,949,123$1,025,038$0$12,783,473
80$18,590,056$987,387$0$13,984,776
81$20,395,596$945,123$0$15,306,796
82$22,382,446$897,934$0$16,761,393
83$24,569,009$845,486$0$18,362,068
84$26,975,564$787,431$0$20,123,700
85$29,624,453$723,397$0$22,062,690
86$32,540,297$652,993$0$24,197,113
87$35,750,222$575,804$0$26,546,888
88$39,284,121$491,395$0$29,133,973
89$43,174,930$399,301$0$31,982,563
90$47,458,941$299,036$0$35,119,327
91$52,176,147$190,083$0$38,573,659
92$57,370,615$71,897$0$42,377,950
93$63,090,902$0$0$46,567,903
94$69,390,515$0$0$51,198,297
95$76,328,416$0$0$56,319,708
96$83,969,575$0$0$61,960,328
97$92,385,586$0$0$68,173,016
98$101,655,339$0$0$75,016,019
99$111,865,770$0$0$82,553,522
100$123,112,675$0$0$90,856,256