Can I retire at age 45 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$76,220$75,542$74,879$74,233$73,601$71,217
2 years$37,733$37,030$36,349$35,689$35,048$32,668
3 years$24,905$24,200$23,520$22,866$22,236$19,935
4 years$18,493$17,789$17,117$16,474$15,859$13,655
5 years$14,646$13,947$13,283$12,653$12,056$9,955
6 years$12,083$11,389$10,735$10,119$9,539$7,543
7 years$10,253$9,564$8,921$8,319$7,758$5,866
8 years$8,880$8,198$7,565$6,979$6,436$4,646
9 years$7,814$7,138$6,516$5,945$5,420$3,731
10 years$6,961$6,292$5,681$5,124$4,618$3,028
11 years$6,264$5,601$5,001$4,460$3,972$2,477
12 years$5,683$5,027$4,439$3,912$3,442$2,039
13 years$5,192$4,543$3,966$3,453$3,001$1,687
14 years$4,772$4,130$3,563$3,066$2,631$1,401
15 years$4,407$3,773$3,217$2,734$2,317$1,168
16 years$4,089$3,461$2,917$2,448$2,047$976
17 years$3,809$3,188$2,654$2,199$1,815$818
18 years$3,560$2,946$2,423$1,982$1,614$686
19 years$3,337$2,730$2,218$1,791$1,439$577
20 years$3,137$2,537$2,036$1,622$1,285$486
21 years$2,956$2,363$1,872$1,472$1,150$409
22 years$2,792$2,206$1,726$1,339$1,031$345
23 years$2,642$2,063$1,593$1,219$925$291
24 years$2,505$1,933$1,474$1,112$832$246
25 years$2,380$1,814$1,365$1,015$748$208
26 years$2,264$1,705$1,266$928$674$176
27 years$2,157$1,604$1,175$850$608$149
28 years$2,057$1,512$1,093$779$548$126
29 years$1,965$1,426$1,017$714$495$106
30 years$1,879$1,347$947$655$447$90
31 years$1,799$1,273$883$602$405$76
32 years$1,723$1,205$824$553$366$65
33 years$1,653$1,141$769$509$331$55
34 years$1,587$1,081$719$468$300$46
35 years$1,525$1,026$672$431$272$39
36 years$1,466$973$629$397$246$33
37 years$1,411$925$588$366$223$28
38 years$1,358$879$551$337$202$24
39 years$1,309$836$516$311$183$20
40 years$1,262$795$484$287$166$17
41 years$1,217$757$454$264$151$14
42 years$1,175$721$426$244$137$12
43 years$1,135$687$399$225$124$10
44 years$1,097$655$375$208$113$9
45 years$1,060$624$352$192$102$7
46 years$1,025$595$331$177$93$6
47 years$992$568$311$164$84$5
48 years$961$542$292$151$77$5
49 years$930$518$274$140$70$4
50 years$901$495$258$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $923,000, adding $3,314 every year, while hoping to spend $37,615 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: 43/49/8 Blend
44$923,000$923,000$923,000$923,000
45$1,020,564$971,645$957,339$1,061,952
46$1,084,640$979,234$949,388$1,098,622
47$1,153,990$985,934$939,909$1,134,234
48$1,229,114$991,661$928,813$1,171,950
49$1,310,559$996,328$916,004$1,211,978
50$1,398,928$999,840$901,382$1,254,547
51$1,494,884$1,002,097$884,843$1,299,909
52$1,599,154$1,002,992$866,277$1,348,348
53$1,712,542$1,002,413$845,572$1,400,175
54$1,835,929$1,000,238$822,606$1,455,737
55$1,970,285$996,342$797,255$1,515,419
56$2,116,680$990,588$769,388$1,579,645
57$2,276,287$982,833$738,869$1,648,888
58$2,450,401$972,924$705,554$1,723,672
59$2,640,446$960,701$669,294$1,804,575
60$2,847,988$945,993$629,932$1,892,239
61$3,074,754$928,617$587,306$1,987,376
62$3,322,642$908,383$541,244$2,090,773
63$3,593,744$885,087$491,568$2,203,302
64$3,890,363$858,513$438,093$2,325,927
65$4,215,034$828,433$380,622$2,459,719
66$4,570,548$794,607$318,954$2,605,857
67$4,959,981$756,780$252,876$2,765,652
68$5,386,717$714,681$182,166$2,940,551
69$5,854,487$668,025$106,593$3,132,154
70$6,367,397$616,510$25,915$3,342,233
71$6,929,969$559,816$0$3,572,747
72$7,547,186$497,608$0$3,830,998
73$8,224,536$429,527$0$4,116,938
74$8,968,063$355,199$0$4,431,025
75$9,784,425$274,223$0$4,776,208
76$10,680,958$186,181$0$5,155,747
77$11,665,740$90,628$0$5,573,241
78$12,747,672$0$0$6,032,669
79$13,936,560$0$0$6,545,380
80$15,243,207$0$0$7,162,702
81$16,679,513$0$0$7,841,406
82$18,258,590$0$0$8,587,703
83$19,994,881$0$0$9,408,436
84$21,904,303$0$0$10,311,146
85$24,004,390$0$0$11,304,137
86$26,314,459$0$0$12,396,563
87$28,855,796$0$0$13,598,508
88$31,651,853$0$0$14,921,082
89$34,728,471$0$0$16,376,528
90$38,114,119$0$0$17,978,334
91$41,840,169$0$0$19,741,364
92$45,941,186$0$0$21,681,993
93$50,455,257$0$0$23,818,268
94$55,424,346$0$0$26,170,072
95$60,894,697$0$0$28,759,313
96$66,917,260$0$0$31,610,133
97$73,548,182$0$0$34,749,134
98$80,849,326$0$0$38,205,628
99$88,888,863$0$0$42,011,916
100$97,741,909$0$0$46,203,588