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%19.9%
1 years$75,560$74,887$74,230$73,589$72,963$70,068
2 years$37,406$36,709$36,034$35,379$34,744$31,864
3 years$24,690$23,990$23,316$22,668$22,043$19,268
4 years$18,333$17,635$16,968$16,331$15,721$13,072
5 years$14,519$13,826$13,168$12,544$11,951$9,434
6 years$11,978$11,290$10,642$10,031$9,457$7,074
7 years$10,164$9,481$8,843$8,247$7,691$5,442
8 years$8,803$8,127$7,500$6,918$6,380$4,262
9 years$7,746$7,076$6,460$5,893$5,373$3,383
10 years$6,901$6,237$5,632$5,080$4,578$2,713
11 years$6,209$5,553$4,958$4,421$3,937$2,192
12 years$5,634$4,984$4,400$3,878$3,412$1,781
13 years$5,147$4,504$3,931$3,424$2,975$1,455
14 years$4,730$4,094$3,532$3,039$2,608$1,193
15 years$4,369$3,740$3,189$2,710$2,296$981
16 years$4,054$3,431$2,891$2,427$2,030$809
17 years$3,776$3,160$2,631$2,180$1,800$668
18 years$3,529$2,920$2,402$1,965$1,600$553
19 years$3,308$2,706$2,199$1,776$1,426$458
20 years$3,110$2,515$2,018$1,608$1,274$380
21 years$2,931$2,342$1,856$1,459$1,140$315
22 years$2,768$2,187$1,711$1,327$1,022$262
23 years$2,620$2,045$1,580$1,208$917$218
24 years$2,484$1,916$1,461$1,102$824$181
25 years$2,359$1,798$1,353$1,007$742$151
26 years$2,244$1,690$1,255$920$668$126
27 years$2,138$1,590$1,165$842$603$105
28 years$2,039$1,499$1,083$772$544$87
29 years$1,948$1,414$1,008$708$491$73
30 years$1,863$1,335$939$650$444$60
31 years$1,783$1,262$875$597$401$50
32 years$1,708$1,194$817$548$363$42
33 years$1,639$1,131$763$504$328$35
34 years$1,573$1,072$712$464$297$29
35 years$1,511$1,017$666$427$269$24
36 years$1,453$965$623$393$244$20
37 years$1,398$917$583$362$221$17
38 years$1,347$871$546$334$200$14
39 years$1,297$828$512$308$182$12
40 years$1,251$788$480$284$165$10
41 years$1,207$750$450$262$150$8
42 years$1,165$714$422$242$136$7
43 years$1,125$681$396$223$123$6
44 years$1,087$649$372$206$112$5
45 years$1,051$619$349$190$101$4
46 years$1,017$590$328$176$92$3
47 years$984$563$308$162$84$3
48 years$952$538$289$150$76$2
49 years$922$514$272$139$69$2
50 years$893$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $915,000, adding $5,682 every year, while hoping to spend $48,693 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: 54/20/26 Blend
44$915,000$915,000$915,000$915,000
45$1,014,191$965,696$951,513$1,061,378
46$1,065,829$961,206$931,580$1,090,052
47$1,121,103$954,864$909,347$1,115,760
48$1,180,331$946,528$884,686$1,142,754
49$1,243,864$936,047$857,462$1,171,175
50$1,312,087$923,262$827,535$1,201,180
51$1,385,420$908,002$794,758$1,232,946
52$1,464,328$890,089$758,978$1,266,670
53$1,549,318$869,333$720,032$1,302,571
54$1,640,950$845,531$677,755$1,340,895
55$1,739,837$818,472$631,970$1,381,914
56$1,846,653$787,930$582,493$1,425,934
57$1,962,138$753,665$529,133$1,473,294
58$2,087,108$715,427$471,691$1,524,372
59$2,222,457$672,946$409,956$1,579,589
60$2,369,169$625,942$343,711$1,639,412
61$2,528,326$574,115$272,727$1,704,361
62$2,701,118$517,150$196,767$1,775,015
63$2,888,855$454,713$115,582$1,852,016
64$3,092,976$386,452$28,911$1,936,078
65$3,315,065$311,994$0$2,027,991
66$3,556,866$230,945$0$2,146,275
67$3,820,295$142,890$0$2,283,970
68$4,107,464$47,391$0$2,434,212
69$4,420,696$0$0$2,598,285
70$4,762,547$0$0$2,789,936
71$5,135,831$0$0$3,010,678
72$5,543,646$0$0$3,251,926
73$5,989,403$0$0$3,515,708
74$6,476,858$0$0$3,804,255
75$7,010,143$0$0$4,120,028
76$7,593,812$0$0$4,465,733
77$8,232,877$0$0$4,844,352
78$8,932,859$0$0$5,259,169
79$9,699,835$0$0$5,713,799
80$10,540,502$0$0$6,212,224
81$11,462,232$0$0$6,758,830
82$12,473,147$0$0$7,358,448
83$13,582,190$0$0$8,016,400
84$14,799,215$0$0$8,738,545
85$16,135,073$0$0$9,531,340
86$17,601,718$0$0$10,401,896
87$19,212,318$0$0$11,358,047
88$20,981,379$0$0$12,408,423
89$22,924,880$0$0$13,562,531
90$25,060,426$0$0$14,830,843
91$27,407,409$0$0$16,224,900
92$29,987,195$0$0$17,757,411
93$32,823,323$0$0$19,442,382
94$35,941,725$0$0$21,295,242
95$39,370,973$0$0$23,332,990
96$43,142,544$0$0$25,574,356
97$47,291,121$0$0$28,039,976
98$51,854,916$0$0$30,752,585
99$56,876,031$0$0$33,737,235
100$62,400,856$0$0$37,021,528