Can I retire at age 45 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$76,055$75,378$74,717$74,072$73,442$71,148
2 years$37,651$36,950$36,270$35,611$34,972$32,682
3 years$24,851$24,147$23,469$22,817$22,188$19,972
4 years$18,453$17,751$17,080$16,438$15,825$13,701
5 years$14,615$13,917$13,255$12,626$12,030$10,004
6 years$12,057$11,364$10,712$10,097$9,519$7,592
7 years$10,230$9,544$8,901$8,301$7,741$5,914
8 years$8,861$8,181$7,549$6,964$6,422$4,694
9 years$7,797$7,123$6,502$5,932$5,408$3,776
10 years$6,946$6,278$5,669$5,113$4,608$3,070
11 years$6,250$5,589$4,991$4,450$3,963$2,516
12 years$5,671$5,017$4,429$3,903$3,434$2,075
13 years$5,181$4,534$3,957$3,446$2,995$1,721
14 years$4,761$4,121$3,555$3,059$2,625$1,432
15 years$4,398$3,764$3,210$2,728$2,311$1,196
16 years$4,080$3,454$2,910$2,443$2,043$1,002
17 years$3,800$3,181$2,648$2,195$1,811$841
18 years$3,552$2,939$2,418$1,978$1,611$708
19 years$3,330$2,724$2,213$1,787$1,436$596
20 years$3,130$2,531$2,031$1,619$1,282$503
21 years$2,950$2,358$1,868$1,469$1,147$425
22 years$2,786$2,201$1,722$1,336$1,029$359
23 years$2,637$2,058$1,590$1,216$923$304
24 years$2,500$1,929$1,470$1,109$830$257
25 years$2,374$1,810$1,362$1,013$747$218
26 years$2,259$1,701$1,263$926$673$185
27 years$2,152$1,601$1,173$848$606$157
28 years$2,053$1,509$1,090$777$547$133
29 years$1,961$1,423$1,015$712$494$113
30 years$1,875$1,344$945$654$446$96
31 years$1,795$1,271$881$601$404$81
32 years$1,720$1,202$822$552$365$69
33 years$1,649$1,138$768$508$330$58
34 years$1,583$1,079$717$467$299$50
35 years$1,521$1,023$670$430$271$42
36 years$1,463$971$627$396$246$36
37 years$1,408$923$587$365$223$30
38 years$1,355$877$550$336$202$26
39 years$1,306$834$515$310$183$22
40 years$1,259$793$483$286$166$19
41 years$1,215$755$453$264$151$16
42 years$1,173$719$425$243$137$13
43 years$1,132$685$398$225$124$11
44 years$1,094$653$374$208$113$10
45 years$1,058$623$351$192$102$8
46 years$1,023$594$330$177$93$7
47 years$990$567$310$164$84$6
48 years$958$541$291$151$76$5
49 years$928$517$274$140$69$4
50 years$899$494$257$129$63$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $921,000, adding $4,532 every year, while hoping to spend $37,881 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: 48/36/16 Blend
44$921,000$921,000$921,000$921,000
45$1,019,617$970,804$956,528$1,063,786
46$1,083,313$978,068$948,267$1,102,092
47$1,152,236$984,419$938,459$1,139,418
48$1,226,880$989,771$927,013$1,179,124
49$1,307,786$994,035$913,833$1,221,448
50$1,395,552$997,114$898,818$1,266,653
51$1,490,832$998,906$881,862$1,315,029
52$1,594,348$999,304$862,856$1,366,899
53$1,706,894$998,192$841,684$1,422,621
54$1,829,342$995,449$818,225$1,482,589
55$1,962,653$990,943$792,354$1,547,243
56$2,107,883$984,539$763,937$1,617,067
57$2,266,195$976,089$732,837$1,692,598
58$2,438,869$965,440$698,909$1,774,433
59$2,627,314$952,427$662,003$1,863,228
60$2,833,080$936,876$621,960$1,959,713
61$3,057,875$918,603$578,616$2,064,693
62$3,303,576$897,413$531,798$2,179,061
63$3,572,254$873,099$481,326$2,303,803
64$3,866,186$845,444$427,013$2,440,011
65$4,187,881$814,214$368,661$2,588,891
66$4,540,099$779,165$306,066$2,751,779
67$4,925,883$740,038$239,013$2,930,149
68$5,348,582$696,558$167,279$3,125,634
69$5,811,884$648,437$90,630$3,340,035
70$6,319,852$595,366$8,822$3,575,347
71$6,876,961$537,022$0$3,833,772
72$7,488,137$473,063$0$4,131,141
73$8,158,810$403,126$0$4,459,224
74$8,894,959$326,829$0$4,819,530
75$9,703,169$243,768$0$5,215,391
76$10,590,695$153,516$0$5,650,483
77$11,565,530$55,622$0$6,128,862
78$12,636,478$0$0$6,655,006
79$13,813,237$0$0$7,253,817
80$15,106,492$0$0$7,936,233
81$16,528,015$0$0$8,686,445
82$18,090,774$0$0$9,511,312
83$19,809,057$0$0$10,418,388
84$21,698,605$0$0$11,416,000
85$23,776,762$0$0$12,513,318
86$26,062,634$0$0$13,720,448
87$28,577,276$0$0$15,048,525
88$31,343,883$0$0$16,509,817
89$34,388,014$0$0$18,117,840
90$37,737,828$0$0$19,887,489
91$41,424,353$0$0$21,835,172
92$45,481,779$0$0$23,978,973
93$49,947,773$0$0$26,338,815
94$54,863,846$0$0$28,936,652
95$60,275,731$0$0$31,796,673
96$66,233,826$0$0$34,945,533
97$72,793,661$0$0$38,412,604
98$80,016,424$0$0$42,230,248
99$87,969,540$0$0$46,434,128
100$96,727,305$0$0$51,063,541