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%15.5%
1 years$75,560$74,887$74,230$73,589$72,963$71,315
2 years$37,406$36,709$36,034$35,379$34,744$33,093
3 years$24,690$23,990$23,316$22,668$22,043$20,440
4 years$18,333$17,635$16,968$16,331$15,721$14,179
5 years$14,519$13,826$13,168$12,544$11,951$10,473
6 years$11,978$11,290$10,642$10,031$9,457$8,045
7 years$10,164$9,481$8,843$8,247$7,691$6,345
8 years$8,803$8,127$7,500$6,918$6,380$5,101
9 years$7,746$7,076$6,460$5,893$5,373$4,159
10 years$6,901$6,237$5,632$5,080$4,578$3,428
11 years$6,209$5,553$4,958$4,421$3,937$2,849
12 years$5,634$4,984$4,400$3,878$3,412$2,384
13 years$5,147$4,504$3,931$3,424$2,975$2,006
14 years$4,730$4,094$3,532$3,039$2,608$1,696
15 years$4,369$3,740$3,189$2,710$2,296$1,439
16 years$4,054$3,431$2,891$2,427$2,030$1,224
17 years$3,776$3,160$2,631$2,180$1,800$1,044
18 years$3,529$2,920$2,402$1,965$1,600$893
19 years$3,308$2,706$2,199$1,776$1,426$765
20 years$3,110$2,515$2,018$1,608$1,274$656
21 years$2,931$2,342$1,856$1,459$1,140$563
22 years$2,768$2,187$1,711$1,327$1,022$485
23 years$2,620$2,045$1,580$1,208$917$417
24 years$2,484$1,916$1,461$1,102$824$359
25 years$2,359$1,798$1,353$1,007$742$310
26 years$2,244$1,690$1,255$920$668$267
27 years$2,138$1,590$1,165$842$603$231
28 years$2,039$1,499$1,083$772$544$199
29 years$1,948$1,414$1,008$708$491$172
30 years$1,863$1,335$939$650$444$149
31 years$1,783$1,262$875$597$401$128
32 years$1,708$1,194$817$548$363$111
33 years$1,639$1,131$763$504$328$96
34 years$1,573$1,072$712$464$297$83
35 years$1,511$1,017$666$427$269$72
36 years$1,453$965$623$393$244$62
37 years$1,398$917$583$362$221$54
38 years$1,347$871$546$334$200$46
39 years$1,297$828$512$308$182$40
40 years$1,251$788$480$284$165$35
41 years$1,207$750$450$262$150$30
42 years$1,165$714$422$242$136$26
43 years$1,125$681$396$223$123$23
44 years$1,087$649$372$206$112$20
45 years$1,051$619$349$190$101$17
46 years$1,017$590$328$176$92$15
47 years$984$563$308$162$84$13
48 years$952$538$289$150$76$11
49 years$922$514$272$139$69$9
50 years$893$491$256$128$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $915,000, adding $2,150 every year, while hoping to spend $43,291 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: 65/29/6 Blend
44$915,000$915,000$915,000$915,000
45$1,010,548$962,053$947,870$1,075,116
46$1,067,562$963,132$933,563$1,119,380
47$1,128,941$962,813$917,325$1,162,362
48$1,195,085$960,982$899,046$1,208,174
49$1,266,431$957,518$878,612$1,257,085
50$1,343,461$952,291$855,900$1,309,395
51$1,426,707$945,166$830,785$1,365,435
52$1,516,749$935,997$803,135$1,425,568
53$1,614,228$924,631$772,810$1,490,198
54$1,719,847$910,906$739,667$1,559,771
55$1,834,379$894,648$703,554$1,634,779
56$1,958,676$875,676$664,313$1,715,766
57$2,093,673$853,796$621,779$1,803,334
58$2,240,398$828,803$575,779$1,898,146
59$2,399,984$800,479$526,133$2,000,937
60$2,573,677$768,597$472,653$2,112,516
61$2,762,846$732,913$415,141$2,233,781
62$2,969,000$693,169$353,392$2,365,721
63$3,193,799$649,095$287,192$2,509,428
64$3,439,069$600,404$216,315$2,666,110
65$3,706,821$546,790$140,529$2,837,101
66$3,999,268$487,934$59,588$3,023,873
67$4,318,847$423,496$0$3,228,053
68$4,668,240$353,118$0$3,453,151
69$5,050,400$276,421$0$3,703,619
70$5,468,580$193,004$0$3,977,846
71$5,926,359$102,446$0$4,278,268
72$6,427,682$4,300$0$4,607,573
73$6,976,890$0$0$4,968,728
74$7,578,765$0$0$5,397,528
75$8,238,574$0$0$5,869,168
76$8,962,116$0$0$6,386,430
77$9,755,781$0$0$6,953,888
78$10,626,605$0$0$7,576,583
79$11,582,339$0$0$8,260,064
80$12,631,519$0$0$9,010,447
81$13,783,552$0$0$9,834,466
82$15,048,795$0$0$10,739,541
83$16,438,662$0$0$11,733,846
84$17,965,725$0$0$12,826,384
85$19,643,833$0$0$14,027,075
86$21,488,244$0$0$15,346,847
87$23,515,769$0$0$16,797,740
88$25,744,926$0$0$18,393,017
89$28,196,120$0$0$20,147,293
90$30,891,830$0$0$22,076,668
91$33,856,823$0$0$24,198,881
92$37,118,387$0$0$26,533,478
93$40,706,588$0$0$29,101,992
94$44,654,552$0$0$31,928,150
95$48,998,779$0$0$35,038,096
96$53,779,486$0$0$38,460,635
97$59,040,984$0$0$42,227,505
98$64,832,098$0$0$46,373,678
99$71,206,627$0$0$50,937,689
100$78,223,851$0$0$55,961,996