Can I retire at age 45 with 915,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$75,560$74,887$74,230$73,589$72,963$72,292
2 years$37,406$36,709$36,034$35,379$34,744$34,068
3 years$24,690$23,990$23,316$22,668$22,043$21,382
4 years$18,333$17,635$16,968$16,331$15,721$15,082
5 years$14,519$13,826$13,168$12,544$11,951$11,334
6 years$11,978$11,290$10,642$10,031$9,457$8,863
7 years$10,164$9,481$8,843$8,247$7,691$7,121
8 years$8,803$8,127$7,500$6,918$6,380$5,835
9 years$7,746$7,076$6,460$5,893$5,373$4,851
10 years$6,901$6,237$5,632$5,080$4,578$4,080
11 years$6,209$5,553$4,958$4,421$3,937$3,462
12 years$5,634$4,984$4,400$3,878$3,412$2,959
13 years$5,147$4,504$3,931$3,424$2,975$2,545
14 years$4,730$4,094$3,532$3,039$2,608$2,199
15 years$4,369$3,740$3,189$2,710$2,296$1,908
16 years$4,054$3,431$2,891$2,427$2,030$1,662
17 years$3,776$3,160$2,631$2,180$1,800$1,451
18 years$3,529$2,920$2,402$1,965$1,600$1,271
19 years$3,308$2,706$2,199$1,776$1,426$1,115
20 years$3,110$2,515$2,018$1,608$1,274$980
21 years$2,931$2,342$1,856$1,459$1,140$863
22 years$2,768$2,187$1,711$1,327$1,022$761
23 years$2,620$2,045$1,580$1,208$917$672
24 years$2,484$1,916$1,461$1,102$824$594
25 years$2,359$1,798$1,353$1,007$742$526
26 years$2,244$1,690$1,255$920$668$466
27 years$2,138$1,590$1,165$842$603$413
28 years$2,039$1,499$1,083$772$544$366
29 years$1,948$1,414$1,008$708$491$325
30 years$1,863$1,335$939$650$444$288
31 years$1,783$1,262$875$597$401$256
32 years$1,708$1,194$817$548$363$227
33 years$1,639$1,131$763$504$328$202
34 years$1,573$1,072$712$464$297$180
35 years$1,511$1,017$666$427$269$160
36 years$1,453$965$623$393$244$142
37 years$1,398$917$583$362$221$126
38 years$1,347$871$546$334$200$113
39 years$1,297$828$512$308$182$100
40 years$1,251$788$480$284$165$89
41 years$1,207$750$450$262$150$79
42 years$1,165$714$422$242$136$71
43 years$1,125$681$396$223$123$63
44 years$1,087$649$372$206$112$56
45 years$1,051$619$349$190$101$50
46 years$1,017$590$328$176$92$44
47 years$984$563$308$162$84$40
48 years$952$538$289$150$76$35
49 years$922$514$272$139$69$31
50 years$893$491$256$128$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $915,000, adding $2,420 every year, while hoping to spend $25,383 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: 64/24/12 Blend
44$915,000$915,000$915,000$915,000
45$1,010,826$962,331$948,149$1,072,579
46$1,086,923$982,478$952,904$1,134,302
47$1,169,931$1,002,762$956,969$1,198,526
48$1,260,529$1,023,161$960,292$1,268,041
49$1,359,462$1,043,655$962,821$1,343,364
50$1,467,553$1,064,220$964,501$1,425,059
51$1,585,705$1,084,829$965,274$1,513,753
52$1,714,916$1,105,455$965,080$1,610,132
53$1,856,282$1,126,067$963,854$1,714,954
54$2,011,010$1,146,631$961,530$1,829,056
55$2,180,430$1,167,113$958,039$1,953,356
56$2,366,007$1,187,474$953,305$2,088,870
57$2,569,352$1,207,673$947,253$2,236,714
58$2,792,241$1,227,664$939,802$2,398,119
59$3,036,631$1,247,401$930,867$2,574,443
60$3,304,676$1,266,832$920,359$2,767,182
61$3,598,748$1,285,902$908,186$2,977,983
62$3,921,460$1,304,551$894,251$3,208,662
63$4,275,692$1,322,717$878,451$3,461,222
64$4,664,614$1,340,332$860,681$3,737,869
65$5,091,720$1,357,323$840,828$4,041,034
66$5,560,856$1,373,613$818,777$4,373,397
67$6,076,263$1,389,119$794,406$4,737,913
68$6,642,609$1,403,754$767,586$5,137,836
69$7,265,040$1,417,422$738,184$5,576,755
70$7,949,222$1,430,024$706,062$6,058,625
71$8,701,401$1,441,453$671,072$6,587,804
72$9,528,454$1,451,595$633,064$7,169,097
73$10,437,961$1,460,328$591,876$7,807,799
74$11,438,272$1,467,523$547,343$8,509,747
75$12,538,588$1,473,044$499,292$9,281,373
76$13,749,045$1,476,744$447,539$10,129,766
77$15,080,812$1,478,468$391,895$11,062,742
78$16,546,193$1,478,052$332,162$12,088,914
79$18,158,748$1,475,320$268,133$13,217,775
80$19,933,417$1,470,086$199,592$14,459,787
81$21,886,659$1,462,155$126,312$15,826,483
82$24,036,614$1,451,316$48,059$17,330,573
83$26,403,266$1,437,347$0$18,986,066
84$29,008,636$1,420,014$0$20,812,943
85$31,876,989$1,399,067$0$22,830,543
86$35,035,062$1,374,242$0$25,051,496
87$38,512,318$1,345,259$0$27,496,512
88$42,341,219$1,311,822$0$30,188,411
89$46,557,539$1,273,617$0$33,152,344
90$51,200,695$1,230,311$0$36,416,028
91$56,314,123$1,181,553$0$40,010,008
92$61,945,686$1,126,972$0$43,967,948
93$68,148,126$1,066,173$0$48,326,946
94$74,979,559$998,740$0$53,127,885
95$82,504,029$924,233$0$58,415,823
96$90,792,107$842,187$0$64,240,416
97$99,921,557$752,110$0$70,656,384
98$109,978,074$653,481$0$77,724,036
99$121,056,087$545,752$0$85,509,832
100$133,259,657$428,342$0$94,087,017