Can I retire at age 45 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$75,973$75,296$74,636$73,991$73,362$70,759
2 years$37,610$36,910$36,231$35,573$34,934$32,340
3 years$24,824$24,121$23,444$22,792$22,164$19,659
4 years$18,433$17,731$17,061$16,420$15,807$13,411
5 years$14,599$13,902$13,240$12,612$12,017$9,736
6 years$12,044$11,352$10,700$10,086$9,508$7,345
7 years$10,219$9,533$8,892$8,292$7,733$5,686
8 years$8,852$8,172$7,541$6,956$6,415$4,483
9 years$7,788$7,115$6,495$5,925$5,402$3,582
10 years$6,938$6,271$5,662$5,108$4,603$2,892
11 years$6,243$5,583$4,985$4,445$3,959$2,353
12 years$5,664$5,011$4,424$3,899$3,431$1,927
13 years$5,175$4,529$3,953$3,442$2,992$1,586
14 years$4,756$4,116$3,552$3,056$2,622$1,310
15 years$4,393$3,760$3,207$2,725$2,309$1,086
16 years$4,076$3,450$2,907$2,440$2,041$902
17 years$3,796$3,177$2,645$2,192$1,809$751
18 years$3,548$2,936$2,415$1,976$1,609$627
19 years$3,326$2,721$2,211$1,785$1,434$524
20 years$3,127$2,529$2,029$1,617$1,281$438
21 years$2,947$2,355$1,866$1,467$1,146$367
22 years$2,783$2,199$1,720$1,334$1,027$308
23 years$2,634$2,056$1,588$1,215$922$258
24 years$2,497$1,927$1,469$1,108$829$216
25 years$2,372$1,808$1,360$1,012$746$182
26 years$2,256$1,699$1,262$925$672$153
27 years$2,150$1,599$1,172$847$606$128
28 years$2,050$1,507$1,089$776$547$108
29 years$1,958$1,422$1,014$712$494$91
30 years$1,873$1,343$944$653$446$76
31 years$1,793$1,269$880$600$403$64
32 years$1,718$1,201$821$551$365$54
33 years$1,648$1,137$767$507$330$45
34 years$1,582$1,078$716$466$299$38
35 years$1,520$1,022$670$429$271$32
36 years$1,461$970$627$395$245$27
37 years$1,406$922$586$364$222$23
38 years$1,354$876$549$336$202$19
39 years$1,305$833$515$310$183$16
40 years$1,258$792$482$286$166$14
41 years$1,213$754$452$264$150$11
42 years$1,171$718$424$243$136$10
43 years$1,131$684$398$224$124$8
44 years$1,093$652$374$207$112$7
45 years$1,057$622$351$191$102$6
46 years$1,022$593$330$177$93$5
47 years$989$566$310$163$84$4
48 years$957$541$291$151$76$3
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $920,000, adding $4,167 every year, while hoping to spend $58,219 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: 47/32/21 Blend
44$920,000$920,000$920,000$920,000
45$1,018,138$969,378$955,118$1,059,726
46$1,060,044$954,933$925,170$1,074,762
47$1,104,272$937,829$892,268$1,084,925
48$1,151,000$917,874$856,250$1,094,754
49$1,200,417$894,865$816,950$1,104,243
50$1,252,733$868,588$774,191$1,113,390
51$1,308,177$838,813$727,792$1,122,197
52$1,366,997$805,301$677,559$1,130,672
53$1,429,467$767,797$623,293$1,138,827
54$1,495,884$726,031$564,785$1,146,680
55$1,566,575$679,717$501,816$1,154,257
56$1,641,897$628,555$434,158$1,161,593
57$1,722,242$572,224$361,573$1,168,732
58$1,808,036$510,389$283,812$1,175,729
59$1,899,751$442,694$200,615$1,182,651
60$1,997,900$368,760$111,710$1,189,579
61$2,103,049$288,192$16,815$1,196,612
62$2,215,815$200,569$0$1,203,865
63$2,336,879$105,448$0$1,230,397
64$2,466,985$2,359$0$1,262,696
65$2,606,952$0$0$1,297,246
66$2,757,678$0$0$1,372,787
67$2,920,151$0$0$1,455,189
68$3,095,452$0$0$1,544,180
69$3,284,774$0$0$1,640,377
70$3,489,425$0$0$1,744,454
71$3,710,843$0$0$1,857,155
72$3,950,608$0$0$1,979,297
73$4,210,460$0$0$2,111,777
74$4,492,308$0$0$2,255,585
75$4,798,254$0$0$2,411,805
76$5,130,611$0$0$2,581,634
77$5,491,920$0$0$2,766,385
78$5,884,980$0$0$2,967,506
79$6,312,867$0$0$3,186,589
80$6,778,970$0$0$3,425,384
81$7,287,013$0$0$3,685,820
82$7,841,100$0$0$3,970,019
83$8,445,743$0$0$4,280,315
84$9,105,914$0$0$4,619,280
85$9,827,081$0$0$4,989,745
86$10,615,266$0$0$5,394,825
87$11,477,100$0$0$5,837,951
88$12,419,881$0$0$6,322,900
89$13,451,649$0$0$6,853,833
90$14,581,251$0$0$7,435,331
91$15,818,436$0$0$8,072,436
92$17,173,936$0$0$8,770,706
93$18,659,570$0$0$9,536,258
94$20,288,356$0$0$10,375,830
95$22,074,632$0$0$11,296,846
96$24,034,189$0$0$12,307,480
97$26,184,422$0$0$13,416,736
98$28,544,488$0$0$14,634,535
99$31,135,493$0$0$15,971,801
100$33,980,684$0$0$17,440,572