Can I retire at age 45 with 928,000?

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 $928,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$76,633$75,951$75,285$74,635$74,000$73,472
2 years$37,937$37,231$36,546$35,882$35,238$34,706
3 years$25,040$24,331$23,648$22,990$22,357$21,836
4 years$18,593$17,886$17,209$16,563$15,945$15,441
5 years$14,726$14,023$13,355$12,722$12,121$11,634
6 years$12,148$11,450$10,793$10,174$9,591$9,122
7 years$10,308$9,616$8,969$8,364$7,800$7,350
8 years$8,929$8,243$7,606$7,017$6,471$6,039
9 years$7,856$7,177$6,551$5,977$5,449$5,036
10 years$6,999$6,326$5,712$5,152$4,643$4,248
11 years$6,298$5,632$5,028$4,484$3,993$3,616
12 years$5,714$5,055$4,463$3,933$3,460$3,100
13 years$5,220$4,568$3,987$3,472$3,018$2,675
14 years$4,797$4,152$3,582$3,082$2,645$2,319
15 years$4,431$3,793$3,234$2,749$2,329$2,019
16 years$4,111$3,480$2,933$2,461$2,058$1,764
17 years$3,829$3,205$2,668$2,211$1,825$1,546
18 years$3,579$2,962$2,436$1,993$1,623$1,359
19 years$3,355$2,745$2,230$1,801$1,446$1,196
20 years$3,154$2,551$2,047$1,631$1,292$1,056
21 years$2,972$2,376$1,882$1,480$1,156$933
22 years$2,807$2,218$1,735$1,346$1,036$826
23 years$2,657$2,074$1,602$1,226$930$732
24 years$2,519$1,943$1,482$1,118$836$650
25 years$2,393$1,824$1,372$1,021$752$577
26 years$2,276$1,714$1,273$933$678$513
27 years$2,168$1,613$1,182$854$611$456
28 years$2,068$1,520$1,099$783$551$406
29 years$1,975$1,434$1,022$718$498$362
30 years$1,889$1,354$952$659$450$323
31 years$1,808$1,280$888$605$407$288
32 years$1,733$1,211$828$556$368$257
33 years$1,662$1,147$773$511$333$229
34 years$1,595$1,087$723$471$301$205
35 years$1,533$1,031$676$433$273$183
36 years$1,474$979$632$399$247$163
37 years$1,418$930$592$368$224$146
38 years$1,366$883$554$339$203$130
39 years$1,316$840$519$312$184$116
40 years$1,269$799$486$288$167$104
41 years$1,224$761$456$266$152$93
42 years$1,181$725$428$245$138$83
43 years$1,141$690$402$226$125$74
44 years$1,103$658$377$209$113$67
45 years$1,066$628$354$193$103$60
46 years$1,031$599$332$178$93$53
47 years$998$571$312$165$85$48
48 years$966$545$293$152$77$43
49 years$935$521$276$141$70$38
50 years$906$497$259$130$64$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $928,000, adding $2,612 every year, while hoping to spend $31,933 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: 55/31/14 Blend
44$928,000$928,000$928,000$928,000
45$1,025,350$976,166$961,782$1,077,860
46$1,095,960$990,022$960,026$1,127,694
47$1,172,701$1,003,486$957,140$1,178,249
48$1,256,165$1,016,506$953,053$1,232,564
49$1,347,005$1,029,026$947,691$1,291,003
50$1,445,935$1,040,984$940,975$1,353,971
51$1,553,745$1,052,317$932,822$1,421,912
52$1,671,302$1,062,955$923,146$1,495,318
53$1,799,560$1,072,825$911,856$1,574,729
54$1,939,570$1,081,849$898,859$1,660,745
55$2,092,491$1,089,943$884,055$1,754,024
56$2,259,594$1,097,020$867,340$1,855,295
57$2,442,282$1,102,983$848,605$1,965,362
58$2,642,099$1,107,734$827,738$2,085,111
59$2,860,745$1,111,164$804,619$2,215,521
60$3,100,091$1,113,161$779,123$2,357,670
61$3,362,197$1,113,604$751,122$2,512,751
62$3,649,335$1,112,364$720,477$2,682,077
63$3,964,002$1,109,305$687,049$2,867,100
64$4,308,953$1,104,283$650,687$3,069,418
65$4,687,218$1,097,145$611,237$3,290,797
66$5,102,136$1,087,727$568,536$3,533,185
67$5,557,387$1,075,858$522,414$3,798,730
68$6,057,020$1,061,355$472,695$4,089,803
69$6,605,498$1,044,023$419,192$4,409,019
70$7,207,737$1,023,658$361,713$4,759,263
71$7,869,151$1,000,043$300,055$5,143,717
72$8,595,705$972,946$234,008$5,565,890
73$9,393,971$942,124$163,352$6,029,655
74$10,271,188$907,320$87,855$6,539,282
75$11,235,330$868,259$7,279$7,099,482
76$12,295,183$824,654$0$7,715,449
77$13,460,428$776,198$0$8,404,672
78$14,741,729$722,569$0$9,163,636
79$16,150,835$663,425$0$9,998,264
80$17,700,692$598,404$0$10,916,283
81$19,405,562$527,125$0$11,926,214
82$21,281,159$449,184$0$13,037,451
83$23,344,799$364,156$0$14,260,348
84$25,615,558$271,589$0$15,606,322
85$28,114,457$171,009$0$17,087,958
86$30,864,656$61,913$0$18,719,130
87$33,891,675$0$0$20,515,133
88$37,223,633$0$0$22,512,009
89$40,891,513$0$0$24,733,560
90$44,929,456$0$0$27,179,358
91$49,375,079$0$0$29,872,200
92$54,269,836$0$0$32,837,210
93$59,659,399$0$0$36,102,069
94$65,594,101$0$0$39,697,280
95$72,129,400$0$0$43,656,457
96$79,326,407$0$0$48,016,636
97$87,252,462$0$0$52,818,630
98$95,981,771$0$0$58,107,414
99$105,596,100$0$0$63,932,544
100$116,185,553$0$0$70,348,630