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%19.6%
1 years$76,055$75,378$74,717$74,072$73,442$70,612
2 years$37,651$36,950$36,270$35,611$34,972$32,155
3 years$24,851$24,147$23,469$22,817$22,188$19,471
4 years$18,453$17,751$17,080$16,438$15,825$13,230
5 years$14,615$13,917$13,255$12,626$12,030$9,564
6 years$12,057$11,364$10,712$10,097$9,519$7,183
7 years$10,230$9,544$8,901$8,301$7,741$5,535
8 years$8,861$8,181$7,549$6,964$6,422$4,343
9 years$7,797$7,123$6,502$5,932$5,408$3,454
10 years$6,946$6,278$5,669$5,113$4,608$2,774
11 years$6,250$5,589$4,991$4,450$3,963$2,246
12 years$5,671$5,017$4,429$3,903$3,434$1,829
13 years$5,181$4,534$3,957$3,446$2,995$1,497
14 years$4,761$4,121$3,555$3,059$2,625$1,230
15 years$4,398$3,764$3,210$2,728$2,311$1,014
16 years$4,080$3,454$2,910$2,443$2,043$837
17 years$3,800$3,181$2,648$2,195$1,811$693
18 years$3,552$2,939$2,418$1,978$1,611$575
19 years$3,330$2,724$2,213$1,787$1,436$477
20 years$3,130$2,531$2,031$1,619$1,282$397
21 years$2,950$2,358$1,868$1,469$1,147$330
22 years$2,786$2,201$1,722$1,336$1,029$275
23 years$2,637$2,058$1,590$1,216$923$229
24 years$2,500$1,929$1,470$1,109$830$191
25 years$2,374$1,810$1,362$1,013$747$160
26 years$2,259$1,701$1,263$926$673$133
27 years$2,152$1,601$1,173$848$606$111
28 years$2,053$1,509$1,090$777$547$93
29 years$1,961$1,423$1,015$712$494$78
30 years$1,875$1,344$945$654$446$65
31 years$1,795$1,271$881$601$404$54
32 years$1,720$1,202$822$552$365$45
33 years$1,649$1,138$768$508$330$38
34 years$1,583$1,079$717$467$299$32
35 years$1,521$1,023$670$430$271$26
36 years$1,463$971$627$396$246$22
37 years$1,408$923$587$365$223$18
38 years$1,355$877$550$336$202$15
39 years$1,306$834$515$310$183$13
40 years$1,259$793$483$286$166$11
41 years$1,215$755$453$264$151$9
42 years$1,173$719$425$243$137$8
43 years$1,132$685$398$225$124$6
44 years$1,094$653$374$208$113$5
45 years$1,058$623$351$192$102$4
46 years$1,023$594$330$177$93$4
47 years$990$567$310$164$84$3
48 years$958$541$291$151$76$3
49 years$928$517$274$140$69$2
50 years$899$494$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 $921,000, adding $6,878 every year, while hoping to spend $41,462 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: 68/22/10 Blend
44$921,000$921,000$921,000$921,000
45$1,022,037$973,224$958,948$1,088,989
46$1,082,169$976,796$946,958$1,137,911
47$1,147,046$979,155$933,176$1,185,762
48$1,217,106$980,195$917,499$1,237,002
49$1,292,834$979,808$899,818$1,291,957
50$1,374,761$977,876$880,020$1,350,985
51$1,463,471$974,277$857,986$1,414,484
52$1,559,608$968,879$833,591$1,482,893
53$1,663,876$961,542$806,704$1,556,696
54$1,777,053$952,119$777,190$1,636,425
55$1,899,993$940,454$744,907$1,722,672
56$2,033,636$926,380$709,705$1,816,086
57$2,179,016$909,721$671,429$1,917,386
58$2,337,270$890,292$629,916$2,027,364
59$2,509,649$867,894$584,996$2,146,895
60$2,697,532$842,319$536,492$2,276,945
61$2,902,433$813,346$484,218$2,418,580
62$3,126,021$780,740$427,979$2,572,976
63$3,370,133$744,254$367,574$2,741,431
64$3,636,791$703,626$302,791$2,925,378
65$3,928,218$658,579$233,410$3,126,399
66$4,246,866$608,819$159,199$3,346,237
67$4,595,432$554,037$79,918$3,586,818
68$4,976,887$493,905$0$3,850,267
69$5,394,501$428,078$0$4,139,427
70$5,851,875$356,189$0$4,465,518
71$6,352,977$277,853$0$4,822,887
72$6,902,173$192,660$0$5,214,712
73$7,504,275$100,181$0$5,644,499
74$8,164,581$0$0$6,116,113
75$8,888,927$0$0$6,633,826
76$9,683,740$0$0$7,228,571
77$10,556,100$0$0$7,881,400
78$11,513,806$0$0$8,598,156
79$12,565,450$0$0$9,385,276
80$13,720,494$0$0$10,249,851
81$14,989,364$0$0$11,199,691
82$16,383,544$0$0$12,243,402
83$17,915,686$0$0$13,390,465
84$19,599,729$0$0$14,651,322
85$21,451,028$0$0$16,037,479
86$23,486,502$0$0$17,561,615
87$25,724,789$0$0$19,237,694
88$28,186,426$0$0$21,081,104
89$30,894,038$0$0$23,108,798
90$33,872,552$0$0$25,339,456
91$37,149,436$0$0$27,793,658
92$40,754,952$0$0$30,494,081
93$44,722,442$0$0$33,465,709
94$49,088,647$0$0$36,736,072
95$53,894,047$0$0$40,335,503
96$59,183,246$0$0$44,297,425
97$65,005,391$0$0$48,658,666
98$71,414,637$0$0$53,459,805
99$78,470,656$0$0$58,745,556
100$86,239,197$0$0$64,565,188