Can I retire at age 45 with 920,000?

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 $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%14.6%
1 years$75,973$75,296$74,636$73,991$73,362$71,969
2 years$37,610$36,910$36,231$35,573$34,934$33,536
3 years$24,824$24,121$23,444$22,792$22,164$20,804
4 years$18,433$17,731$17,061$16,420$15,807$14,497
5 years$14,599$13,902$13,240$12,612$12,017$10,759
6 years$12,044$11,352$10,700$10,086$9,508$8,305
7 years$10,219$9,533$8,892$8,292$7,733$6,584
8 years$8,852$8,172$7,541$6,956$6,415$5,320
9 years$7,788$7,115$6,495$5,925$5,402$4,361
10 years$6,938$6,271$5,662$5,108$4,603$3,615
11 years$6,243$5,583$4,985$4,445$3,959$3,022
12 years$5,664$5,011$4,424$3,899$3,431$2,543
13 years$5,175$4,529$3,953$3,442$2,992$2,153
14 years$4,756$4,116$3,552$3,056$2,622$1,831
15 years$4,393$3,760$3,207$2,725$2,309$1,563
16 years$4,076$3,450$2,907$2,440$2,041$1,338
17 years$3,796$3,177$2,645$2,192$1,809$1,149
18 years$3,548$2,936$2,415$1,976$1,609$989
19 years$3,326$2,721$2,211$1,785$1,434$853
20 years$3,127$2,529$2,029$1,617$1,281$737
21 years$2,947$2,355$1,866$1,467$1,146$637
22 years$2,783$2,199$1,720$1,334$1,027$552
23 years$2,634$2,056$1,588$1,215$922$478
24 years$2,497$1,927$1,469$1,108$829$415
25 years$2,372$1,808$1,360$1,012$746$360
26 years$2,256$1,699$1,262$925$672$313
27 years$2,150$1,599$1,172$847$606$272
28 years$2,050$1,507$1,089$776$547$237
29 years$1,958$1,422$1,014$712$494$206
30 years$1,873$1,343$944$653$446$179
31 years$1,793$1,269$880$600$403$156
32 years$1,718$1,201$821$551$365$136
33 years$1,648$1,137$767$507$330$118
34 years$1,582$1,078$716$466$299$103
35 years$1,520$1,022$670$429$271$90
36 years$1,461$970$627$395$245$78
37 years$1,406$922$586$364$222$68
38 years$1,354$876$549$336$202$60
39 years$1,305$833$515$310$183$52
40 years$1,258$792$482$286$166$45
41 years$1,213$754$452$264$150$39
42 years$1,171$718$424$243$136$34
43 years$1,131$684$398$224$124$30
44 years$1,093$652$374$207$112$26
45 years$1,057$622$351$191$102$23
46 years$1,022$593$330$177$93$20
47 years$989$566$310$163$84$17
48 years$957$541$291$151$76$15
49 years$927$516$273$140$69$13
50 years$898$493$257$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $920,000, adding $5,349 every year, while hoping to spend $54,257 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: 63/7/30 Blend
44$920,000$920,000$920,000$920,000
45$1,019,357$970,597$956,337$1,075,054
46$1,065,603$960,428$930,646$1,103,364
47$1,114,747$947,941$902,275$1,127,911
48$1,167,028$932,967$871,078$1,153,581
49$1,222,707$915,324$836,901$1,180,495
50$1,282,069$894,821$799,583$1,208,787
51$1,345,427$871,255$758,957$1,238,608
52$1,413,125$844,411$714,846$1,270,125
53$1,485,537$814,060$667,067$1,303,526
54$1,563,076$779,964$615,428$1,339,019
55$1,646,194$741,866$559,728$1,376,838
56$1,735,385$699,497$499,759$1,417,243
57$1,831,195$652,572$435,301$1,460,521
58$1,934,219$600,790$366,126$1,506,996
59$2,045,113$543,833$291,995$1,557,023
60$2,164,597$481,363$212,659$1,611,003
61$2,293,461$413,025$127,858$1,669,376
62$2,432,574$338,443$37,321$1,732,633
63$2,582,889$257,219$0$1,801,322
64$2,745,456$168,935$0$1,895,028
65$2,921,426$73,147$0$2,009,425
66$3,112,067$0$0$2,133,399
67$3,318,772$0$0$2,270,238
68$3,543,073$0$0$2,424,895
69$3,786,656$0$0$2,592,904
70$4,051,372$0$0$2,775,552
71$4,339,262$0$0$2,974,252
72$4,652,568$0$0$3,190,560
73$4,993,759$0$0$3,426,190
74$5,365,549$0$0$3,683,025
75$5,770,929$0$0$3,963,138
76$6,213,187$0$0$4,268,814
77$6,695,945$0$0$4,602,564
78$7,223,188$0$0$4,967,153
79$7,799,303$0$0$5,365,627
80$8,429,123$0$0$5,801,339
81$9,117,963$0$0$6,277,977
82$9,871,682$0$0$6,799,608
83$10,696,726$0$0$7,370,704
84$11,600,195$0$0$7,996,196
85$12,589,909$0$0$8,681,508
86$13,674,478$0$0$9,432,617
87$14,863,386$0$0$10,256,106
88$16,167,077$0$0$11,159,224
89$17,597,055$0$0$12,149,955
90$19,165,990$0$0$13,237,094
91$20,887,838$0$0$14,430,328
92$22,777,973$0$0$15,740,328
93$24,853,329$0$0$17,178,849
94$27,132,558$0$0$18,758,839
95$29,636,211$0$0$20,494,561
96$32,386,925$0$0$22,401,730
97$35,409,638$0$0$24,497,658
98$38,731,824$0$0$26,801,414
99$42,383,750$0$0$29,334,012
100$46,398,764$0$0$32,118,598