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%14.6%
1 years$76,138$75,460$74,798$74,152$73,522$72,126
2 years$37,692$36,990$36,310$35,650$35,010$33,609
3 years$24,878$24,173$23,495$22,841$22,212$20,850
4 years$18,473$17,770$17,098$16,456$15,842$14,529
5 years$14,631$13,932$13,269$12,640$12,043$10,782
6 years$12,070$11,376$10,723$10,108$9,529$8,323
7 years$10,241$9,554$8,911$8,310$7,750$6,598
8 years$8,871$8,189$7,557$6,971$6,429$5,332
9 years$7,805$7,130$6,509$5,938$5,414$4,371
10 years$6,953$6,285$5,675$5,119$4,613$3,622
11 years$6,257$5,595$4,996$4,455$3,967$3,028
12 years$5,677$5,022$4,434$3,907$3,438$2,549
13 years$5,186$4,538$3,961$3,450$2,998$2,158
14 years$4,766$4,125$3,559$3,062$2,628$1,835
15 years$4,403$3,769$3,214$2,731$2,314$1,566
16 years$4,085$3,458$2,914$2,445$2,045$1,341
17 years$3,805$3,184$2,651$2,197$1,813$1,152
18 years$3,556$2,942$2,420$1,980$1,612$991
19 years$3,333$2,727$2,216$1,789$1,437$855
20 years$3,134$2,534$2,033$1,620$1,284$738
21 years$2,953$2,360$1,870$1,471$1,149$638
22 years$2,789$2,203$1,724$1,337$1,030$553
23 years$2,640$2,061$1,592$1,218$924$479
24 years$2,503$1,931$1,472$1,111$831$416
25 years$2,377$1,812$1,363$1,014$748$361
26 years$2,261$1,703$1,264$927$673$314
27 years$2,154$1,603$1,174$849$607$273
28 years$2,055$1,510$1,091$778$548$237
29 years$1,963$1,425$1,016$713$495$206
30 years$1,877$1,345$946$655$447$180
31 years$1,797$1,272$882$601$404$156
32 years$1,722$1,203$823$552$366$136
33 years$1,651$1,140$768$508$331$119
34 years$1,585$1,080$718$467$300$103
35 years$1,523$1,025$671$430$271$90
36 years$1,464$972$628$396$246$79
37 years$1,409$924$588$365$223$68
38 years$1,357$878$550$337$202$60
39 years$1,307$835$516$310$183$52
40 years$1,261$794$483$286$166$45
41 years$1,216$756$453$264$151$40
42 years$1,174$720$425$244$137$35
43 years$1,134$686$399$225$124$30
44 years$1,095$654$374$208$113$26
45 years$1,059$623$352$192$102$23
46 years$1,024$595$330$177$93$20
47 years$991$568$310$164$84$17
48 years$959$542$292$151$77$15
49 years$929$517$274$140$70$13
50 years$900$494$258$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $922,000, adding $4,254 every year, while hoping to spend $50,790 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: 59/35/6 Blend
44$922,000$922,000$922,000$922,000
45$1,020,432$971,566$957,275$1,079,187
46$1,070,476$965,133$935,304$1,112,636
47$1,123,922$956,682$910,894$1,142,904
48$1,181,064$946,061$883,910$1,174,623
49$1,242,223$933,108$854,212$1,207,934
50$1,307,752$917,653$821,650$1,242,995
51$1,378,037$899,513$786,071$1,279,980
52$1,453,505$878,496$747,311$1,319,085
53$1,534,619$854,400$705,203$1,360,528
54$1,621,892$827,007$659,569$1,404,552
55$1,715,885$796,091$610,225$1,451,427
56$1,817,216$761,409$556,978$1,501,453
57$1,926,560$722,707$499,625$1,554,965
58$2,044,664$679,714$437,957$1,612,335
59$2,172,344$632,144$371,753$1,673,975
60$2,310,500$579,696$300,784$1,740,347
61$2,460,120$522,051$224,809$1,811,959
62$2,622,291$458,870$143,579$1,889,381
63$2,798,207$389,797$56,831$1,973,241
64$2,989,183$314,455$0$2,064,238
65$3,196,663$232,447$0$2,165,438
66$3,422,238$143,352$0$2,279,444
67$3,667,656$46,726$0$2,403,588
68$3,934,841$0$0$2,538,950
69$4,225,912$0$0$2,709,024
70$4,543,198$0$0$2,914,102
71$4,889,264$0$0$3,137,854
72$5,266,932$0$0$3,382,113
73$5,679,310$0$0$3,648,899
74$6,129,818$0$0$3,940,434
75$6,622,220$0$0$4,259,166
76$7,160,664$0$0$4,607,787
77$7,749,712$0$0$4,989,264
78$8,394,391$0$0$5,406,865
79$9,100,235$0$0$5,864,184
80$9,873,338$0$0$6,365,183
81$10,720,411$0$0$6,914,223
82$11,648,846$0$0$7,516,110
83$12,666,782$0$0$8,176,132
84$13,783,184$0$0$8,900,119
85$15,007,928$0$0$9,694,488
86$16,351,890$0$0$10,566,309
87$17,827,050$0$0$11,523,369
88$19,446,605$0$0$12,574,248
89$21,225,093$0$0$13,728,395
90$23,178,527$0$0$14,996,219
91$25,324,548$0$0$16,389,188
92$27,682,590$0$0$17,919,935
93$30,274,063$0$0$19,602,379
94$33,122,554$0$0$21,451,853
95$36,254,048$0$0$23,485,249
96$39,697,173$0$0$25,721,178
97$43,483,471$0$0$28,180,146
98$47,647,693$0$0$30,884,744
99$52,228,126$0$0$33,859,862
100$57,266,955$0$0$37,132,927