Can I retire at age 45 with 922,000?

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 $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%15.6%
1 years$76,138$75,460$74,798$74,152$73,522$71,832
2 years$37,692$36,990$36,310$35,650$35,010$33,317
3 years$24,878$24,173$23,495$22,841$22,212$20,568
4 years$18,473$17,770$17,098$16,456$15,842$14,260
5 years$14,631$13,932$13,269$12,640$12,043$10,528
6 years$12,070$11,376$10,723$10,108$9,529$8,083
7 years$10,241$9,554$8,911$8,310$7,750$6,372
8 years$8,871$8,189$7,557$6,971$6,429$5,119
9 years$7,805$7,130$6,509$5,938$5,414$4,171
10 years$6,953$6,285$5,675$5,119$4,613$3,436
11 years$6,257$5,595$4,996$4,455$3,967$2,854
12 years$5,677$5,022$4,434$3,907$3,438$2,387
13 years$5,186$4,538$3,961$3,450$2,998$2,007
14 years$4,766$4,125$3,559$3,062$2,628$1,695
15 years$4,403$3,769$3,214$2,731$2,314$1,437
16 years$4,085$3,458$2,914$2,445$2,045$1,222
17 years$3,805$3,184$2,651$2,197$1,813$1,042
18 years$3,556$2,942$2,420$1,980$1,612$890
19 years$3,333$2,727$2,216$1,789$1,437$762
20 years$3,134$2,534$2,033$1,620$1,284$653
21 years$2,953$2,360$1,870$1,471$1,149$560
22 years$2,789$2,203$1,724$1,337$1,030$482
23 years$2,640$2,061$1,592$1,218$924$414
24 years$2,503$1,931$1,472$1,111$831$356
25 years$2,377$1,812$1,363$1,014$748$307
26 years$2,261$1,703$1,264$927$673$265
27 years$2,154$1,603$1,174$849$607$228
28 years$2,055$1,510$1,091$778$548$197
29 years$1,963$1,425$1,016$713$495$170
30 years$1,877$1,345$946$655$447$147
31 years$1,797$1,272$882$601$404$127
32 years$1,722$1,203$823$552$366$109
33 years$1,651$1,140$768$508$331$95
34 years$1,585$1,080$718$467$300$82
35 years$1,523$1,025$671$430$271$71
36 years$1,464$972$628$396$246$61
37 years$1,409$924$588$365$223$53
38 years$1,357$878$550$337$202$46
39 years$1,307$835$516$310$183$39
40 years$1,261$794$483$286$166$34
41 years$1,216$756$453$264$151$29
42 years$1,174$720$425$244$137$25
43 years$1,134$686$399$225$124$22
44 years$1,095$654$374$208$113$19
45 years$1,059$623$352$192$102$16
46 years$1,024$595$330$177$93$14
47 years$991$568$310$164$84$12
48 years$959$542$292$151$77$11
49 years$929$517$274$140$70$9
50 years$900$494$258$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $922,000, adding $2,914 every year, while hoping to spend $58,972 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: 54/36/10 Blend
44$922,000$922,000$922,000$922,000
45$1,019,050$970,184$955,893$1,071,359
46$1,060,247$954,977$925,169$1,091,959
47$1,103,670$937,049$891,440$1,107,693
48$1,149,483$916,203$854,543$1,123,425
49$1,197,867$892,233$814,306$1,139,166
50$1,249,016$864,919$770,552$1,154,933
51$1,303,145$834,030$723,095$1,170,744
52$1,360,487$799,318$671,740$1,186,627
53$1,421,297$760,525$616,283$1,202,614
54$1,485,854$717,376$556,514$1,218,745
55$1,554,463$669,579$492,209$1,235,069
56$1,627,457$616,827$423,136$1,251,646
57$1,705,201$558,796$349,055$1,268,543
58$1,788,096$495,140$269,712$1,285,845
59$1,876,577$425,498$184,843$1,303,646
60$1,971,126$349,485$94,174$1,322,059
61$2,072,268$266,697$0$1,341,214
62$2,180,579$176,705$0$1,361,538
63$2,296,691$79,056$0$1,393,670
64$2,421,298$0$0$1,427,782
65$2,555,161$0$0$1,474,725
66$2,699,114$0$0$1,558,946
67$2,854,076$0$0$1,649,672
68$3,021,053$0$0$1,747,502
69$3,201,151$0$0$1,853,092
70$3,395,586$0$0$1,967,163
71$3,605,693$0$0$2,090,508
72$3,832,938$0$0$2,224,000
73$4,078,936$0$0$2,368,595
74$4,345,460$0$0$2,525,349
75$4,634,458$0$0$2,695,419
76$4,948,076$0$0$2,880,080
77$5,288,672$0$0$3,080,732
78$5,658,839$0$0$3,298,918
79$6,061,430$0$0$3,536,333
80$6,499,586$0$0$3,794,843
81$6,976,760$0$0$4,076,503
82$7,496,754$0$0$4,383,571
83$8,063,750$0$0$4,718,535
84$8,682,354$0$0$5,084,132
85$9,357,632$0$0$5,483,376
86$10,095,164$0$0$5,919,584
87$10,901,090$0$0$6,396,407
88$11,782,171$0$0$6,917,867
89$12,745,851$0$0$7,488,389
90$13,800,327$0$0$8,112,850
91$14,954,623$0$0$8,796,615
92$16,218,676$0$0$9,545,597
93$17,603,432$0$0$10,366,304
94$19,120,942$0$0$11,265,906
95$20,784,480$0$0$12,252,298
96$22,608,664$0$0$13,334,175
97$24,609,596$0$0$14,521,117
98$26,805,012$0$0$15,823,672
99$29,214,444$0$0$17,253,463
100$31,859,412$0$0$18,823,289