Can I retire at age 45 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$75,147$74,478$73,825$73,187$72,565$71,304
2 years$37,201$36,509$35,837$35,186$34,555$33,288
3 years$24,555$23,859$23,189$22,544$21,923$20,691
4 years$18,232$17,539$16,876$16,242$15,636$14,447
5 years$14,440$13,751$13,096$12,475$11,886$10,744
6 years$11,913$11,228$10,584$9,977$9,405$8,312
7 years$10,108$9,430$8,795$8,202$7,649$6,604
8 years$8,755$8,083$7,459$6,881$6,345$5,349
9 years$7,704$7,038$6,424$5,861$5,344$4,395
10 years$6,863$6,203$5,601$5,052$4,553$3,652
11 years$6,175$5,522$4,931$4,397$3,916$3,060
12 years$5,603$4,957$4,376$3,857$3,393$2,583
13 years$5,119$4,479$3,910$3,405$2,959$2,192
14 years$4,704$4,072$3,513$3,022$2,594$1,869
15 years$4,345$3,719$3,172$2,695$2,284$1,600
16 years$4,032$3,413$2,876$2,413$2,019$1,374
17 years$3,755$3,143$2,617$2,168$1,790$1,183
18 years$3,510$2,904$2,389$1,954$1,591$1,021
19 years$3,290$2,692$2,187$1,766$1,418$883
20 years$3,093$2,501$2,007$1,599$1,267$765
21 years$2,915$2,330$1,846$1,451$1,134$664
22 years$2,753$2,175$1,701$1,320$1,016$576
23 years$2,605$2,034$1,571$1,202$912$501
24 years$2,470$1,906$1,453$1,096$820$436
25 years$2,346$1,788$1,346$1,001$738$380
26 years$2,232$1,681$1,248$915$665$331
27 years$2,126$1,582$1,159$838$599$289
28 years$2,028$1,491$1,077$768$541$252
29 years$1,937$1,406$1,003$704$488$220
30 years$1,852$1,328$934$646$441$192
31 years$1,773$1,255$871$593$399$168
32 years$1,699$1,188$812$545$361$147
33 years$1,630$1,125$758$501$326$128
34 years$1,564$1,066$709$461$296$112
35 years$1,503$1,011$662$425$268$98
36 years$1,445$960$620$391$243$86
37 years$1,391$912$580$360$220$75
38 years$1,339$866$543$332$199$66
39 years$1,290$824$509$306$181$57
40 years$1,244$784$477$283$164$50
41 years$1,200$746$447$261$149$44
42 years$1,159$711$420$241$135$38
43 years$1,119$677$394$222$122$34
44 years$1,081$645$370$205$111$29
45 years$1,045$615$347$189$101$26
46 years$1,011$587$326$175$92$23
47 years$978$560$306$162$83$20
48 years$947$535$288$149$76$17
49 years$917$511$270$138$69$15
50 years$888$488$254$128$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $910,000, adding $3,605 every year, while hoping to spend $49,712 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: 39/35/26 Blend
44$910,000$910,000$910,000$910,000
45$1,006,539$958,309$944,204$1,037,906
46$1,056,312$952,372$922,941$1,055,121
47$1,109,497$944,479$899,300$1,068,837
48$1,166,388$934,481$873,149$1,082,703
49$1,227,308$922,220$844,349$1,096,761
50$1,292,615$907,529$812,755$1,111,065
51$1,362,696$890,233$778,217$1,125,677
52$1,437,980$870,143$740,576$1,140,670
53$1,518,936$847,062$699,668$1,156,128
54$1,606,079$820,780$655,318$1,172,150
55$1,699,976$791,075$607,348$1,188,849
56$1,801,247$757,711$555,568$1,206,355
57$1,910,576$720,441$499,782$1,224,817
58$2,028,713$679,001$439,783$1,244,407
59$2,156,483$633,114$375,357$1,265,319
60$2,294,792$582,484$306,279$1,287,775
61$2,444,637$526,801$232,315$1,312,025
62$2,607,112$465,737$153,220$1,338,354
63$2,783,423$398,944$68,738$1,367,085
64$2,974,895$326,055$0$1,398,580
65$3,182,986$246,683$0$1,439,191
66$3,409,298$160,418$0$1,504,173
67$3,655,596$66,828$0$1,575,037
68$3,923,821$0$0$1,652,447
69$4,216,108$0$0$1,750,448
70$4,534,809$0$0$1,885,480
71$4,882,510$0$0$2,032,915
72$5,262,058$0$0$2,193,975
73$5,676,588$0$0$2,370,004
74$6,129,552$0$0$2,562,483
75$6,624,747$0$0$2,773,044
76$7,166,356$0$0$3,003,482
77$7,758,985$0$0$3,255,773
78$8,407,705$0$0$3,532,095
79$9,118,099$0$0$3,834,845
80$9,896,316$0$0$4,166,663
81$10,749,129$0$0$4,530,458
82$11,683,996$0$0$4,929,432
83$12,709,130$0$0$5,367,112
84$13,833,579$0$0$5,847,385
85$15,067,308$0$0$6,374,530
86$16,421,292$0$0$6,953,261
87$17,907,622$0$0$7,588,771
88$19,539,616$0$0$8,286,780
89$21,331,943$0$0$9,053,592
90$23,300,765$0$0$9,896,147
91$25,463,885$0$0$10,822,094
92$27,840,917$0$0$11,839,859
93$30,453,467$0$0$12,958,723
94$33,325,339$0$0$14,188,915
95$36,482,760$0$0$15,541,702
96$39,954,621$0$0$17,029,496
97$43,772,757$0$0$18,665,975
98$47,972,240$0$0$20,466,208
99$52,591,712$0$0$22,446,799
100$57,673,749$0$0$24,626,041