Can I retire at age 45 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,138$75,460$74,798$74,152$73,522$72,453
2 years$37,692$36,990$36,310$35,650$35,010$33,936
3 years$24,878$24,173$23,495$22,841$22,212$21,165
4 years$18,473$17,770$17,098$16,456$15,842$14,831
5 years$14,631$13,932$13,269$12,640$12,043$11,070
6 years$12,070$11,376$10,723$10,108$9,529$8,596
7 years$10,241$9,554$8,911$8,310$7,750$6,857
8 years$8,871$8,189$7,557$6,971$6,429$5,576
9 years$7,805$7,130$6,509$5,938$5,414$4,601
10 years$6,953$6,285$5,675$5,119$4,613$3,839
11 years$6,257$5,595$4,996$4,455$3,967$3,232
12 years$5,677$5,022$4,434$3,907$3,438$2,740
13 years$5,186$4,538$3,961$3,450$2,998$2,336
14 years$4,766$4,125$3,559$3,062$2,628$2,001
15 years$4,403$3,769$3,214$2,731$2,314$1,721
16 years$4,085$3,458$2,914$2,445$2,045$1,485
17 years$3,805$3,184$2,651$2,197$1,813$1,286
18 years$3,556$2,942$2,420$1,980$1,612$1,115
19 years$3,333$2,727$2,216$1,789$1,437$969
20 years$3,134$2,534$2,033$1,620$1,284$844
21 years$2,953$2,360$1,870$1,471$1,149$736
22 years$2,789$2,203$1,724$1,337$1,030$643
23 years$2,640$2,061$1,592$1,218$924$562
24 years$2,503$1,931$1,472$1,111$831$492
25 years$2,377$1,812$1,363$1,014$748$431
26 years$2,261$1,703$1,264$927$673$378
27 years$2,154$1,603$1,174$849$607$331
28 years$2,055$1,510$1,091$778$548$291
29 years$1,963$1,425$1,016$713$495$255
30 years$1,877$1,345$946$655$447$224
31 years$1,797$1,272$882$601$404$197
32 years$1,722$1,203$823$552$366$173
33 years$1,651$1,140$768$508$331$152
34 years$1,585$1,080$718$467$300$134
35 years$1,523$1,025$671$430$271$118
36 years$1,464$972$628$396$246$104
37 years$1,409$924$588$365$223$91
38 years$1,357$878$550$337$202$80
39 years$1,307$835$516$310$183$71
40 years$1,261$794$483$286$166$62
41 years$1,216$756$453$264$151$55
42 years$1,174$720$425$244$137$48
43 years$1,134$686$399$225$124$42
44 years$1,095$654$374$208$113$37
45 years$1,059$623$352$192$102$33
46 years$1,024$595$330$177$93$29
47 years$991$568$310$164$84$26
48 years$959$542$292$151$77$22
49 years$929$517$274$140$70$20
50 years$900$494$258$129$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $922,000, adding $2,263 every year, while hoping to spend $44,787 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: 66/9/25 Blend
44$922,000$922,000$922,000$922,000
45$1,018,378$969,512$955,221$1,078,837
46$1,074,600$969,365$939,568$1,119,674
47$1,135,055$967,710$921,890$1,159,040
48$1,200,128$964,426$902,070$1,201,063
49$1,270,242$959,383$879,990$1,246,004
50$1,345,859$952,446$855,523$1,294,158
51$1,427,491$943,469$828,537$1,345,846
52$1,515,695$932,300$798,893$1,401,426
53$1,611,089$918,775$766,449$1,461,293
54$1,714,348$902,723$731,053$1,525,883
55$1,826,215$883,960$692,547$1,595,681
56$1,947,509$862,294$650,767$1,671,218
57$2,079,127$837,519$605,540$1,753,087
58$2,222,060$809,419$556,687$1,841,938
59$2,377,393$777,764$504,020$1,938,493
60$2,546,324$742,311$447,341$2,043,549
61$2,730,169$702,804$386,447$2,157,985
62$2,930,376$658,971$321,122$2,282,774
63$3,148,538$610,524$251,144$2,418,991
64$3,386,409$557,161$176,278$2,567,822
65$3,645,921$498,559$96,281$2,730,578
66$3,929,196$434,380$10,898$2,908,706
67$4,238,575$364,265$0$3,103,807
68$4,576,630$287,836$0$3,339,042
69$4,946,198$204,691$0$3,599,457
70$5,350,399$114,409$0$3,884,371
71$5,792,668$16,543$0$4,196,239
72$6,276,789$0$0$4,537,769
73$6,806,928$0$0$4,920,795
74$7,387,674$0$0$5,342,237
75$8,024,079$0$0$5,804,132
76$8,721,707$0$0$6,310,525
77$9,486,687$0$0$6,865,872
78$10,325,769$0$0$7,475,083
79$11,246,388$0$0$8,143,563
80$12,256,733$0$0$8,877,268
81$13,365,824$0$0$9,682,757
82$14,583,598$0$0$10,567,256
83$15,921,000$0$0$11,538,726
84$17,390,088$0$0$12,605,934
85$19,004,146$0$0$13,778,540
86$20,777,806$0$0$15,067,186
87$22,727,189$0$0$16,483,596
88$24,870,056$0$0$18,040,686
89$27,225,973$0$0$19,752,686
90$29,816,497$0$0$21,635,273
91$32,665,379$0$0$23,705,720
92$35,798,787$0$0$25,983,057
93$39,245,551$0$0$28,488,253
94$43,037,436$0$0$31,244,409
95$47,209,442$0$0$34,276,978
96$51,800,131$0$0$37,614,008
97$56,851,994$0$0$41,286,398
98$62,411,846$0$0$45,328,200
99$68,531,274$0$0$49,776,928
100$75,267,115$0$0$54,673,922