Can I retire at age 45 with 912,000?

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 $912,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$75,312$74,641$73,987$73,348$72,724$70,060
2 years$37,283$36,589$35,916$35,263$34,631$31,976
3 years$24,609$23,911$23,240$22,594$21,971$19,410
4 years$18,273$17,577$16,913$16,277$15,670$13,222
5 years$14,472$13,781$13,125$12,503$11,912$9,583
6 years$11,939$11,253$10,607$9,998$9,426$7,217
7 years$10,130$9,450$8,814$8,220$7,666$5,577
8 years$8,775$8,101$7,475$6,896$6,359$4,390
9 years$7,721$7,053$6,438$5,874$5,355$3,501
10 years$6,878$6,217$5,613$5,063$4,563$2,821
11 years$6,189$5,535$4,942$4,406$3,924$2,292
12 years$5,615$4,968$4,386$3,865$3,401$1,873
13 years$5,130$4,489$3,918$3,412$2,966$1,538
14 years$4,715$4,081$3,521$3,029$2,600$1,268
15 years$4,355$3,728$3,179$2,701$2,289$1,049
16 years$4,041$3,420$2,882$2,419$2,023$869
17 years$3,763$3,150$2,622$2,173$1,794$723
18 years$3,517$2,911$2,394$1,959$1,595$601
19 years$3,297$2,697$2,192$1,770$1,422$501
20 years$3,100$2,507$2,011$1,603$1,270$418
21 years$2,921$2,335$1,850$1,455$1,136$350
22 years$2,759$2,179$1,705$1,323$1,019$292
23 years$2,611$2,038$1,574$1,205$914$245
24 years$2,476$1,910$1,456$1,099$822$205
25 years$2,351$1,792$1,349$1,003$739$171
26 years$2,237$1,684$1,251$917$666$144
27 years$2,131$1,585$1,161$840$601$120
28 years$2,033$1,494$1,080$769$542$101
29 years$1,941$1,409$1,005$705$489$85
30 years$1,856$1,331$936$647$442$71
31 years$1,777$1,258$872$595$400$60
32 years$1,703$1,190$814$547$362$50
33 years$1,633$1,127$760$503$327$42
34 years$1,568$1,068$710$462$296$35
35 years$1,506$1,013$664$426$268$30
36 years$1,448$962$621$392$243$25
37 years$1,394$914$581$361$220$21
38 years$1,342$868$544$333$200$17
39 years$1,293$826$510$307$181$15
40 years$1,247$785$478$283$164$12
41 years$1,203$748$448$261$149$10
42 years$1,161$712$420$241$135$9
43 years$1,121$678$395$223$123$7
44 years$1,084$647$370$205$111$6
45 years$1,048$617$348$190$101$5
46 years$1,013$588$327$175$92$4
47 years$980$561$307$162$83$4
48 years$949$536$288$150$76$3
49 years$919$512$271$138$69$3
50 years$890$489$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $912,000, adding $2,321 every year, while hoping to spend $40,891 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: 51/21/28 Blend
44$912,000$912,000$912,000$912,000
45$1,007,418$959,082$944,946$1,050,742
46$1,066,667$962,569$933,094$1,084,670
47$1,130,589$964,857$919,475$1,117,257
48$1,199,617$965,843$903,985$1,151,888
49$1,274,228$965,420$886,519$1,188,778
50$1,354,945$963,471$866,963$1,228,162
51$1,442,344$959,875$845,200$1,270,303
52$1,537,057$954,503$821,108$1,315,493
53$1,639,780$947,217$794,559$1,364,056
54$1,751,278$937,871$765,417$1,416,350
55$1,872,392$926,310$733,542$1,472,774
56$2,004,048$912,372$698,788$1,533,770
57$2,147,264$895,881$661,001$1,599,827
58$2,303,161$876,655$620,020$1,671,487
59$2,472,970$854,499$575,678$1,749,354
60$2,658,049$829,205$527,799$1,834,092
61$2,859,891$800,557$476,201$1,926,440
62$3,080,138$768,322$420,692$2,027,216
63$3,320,599$732,257$361,072$2,137,324
64$3,583,266$692,103$297,133$2,257,766
65$3,870,329$647,586$228,657$2,389,651
66$4,184,202$598,417$155,417$2,534,205
67$4,527,542$544,291$77,175$2,692,786
68$4,903,274$484,884$0$2,866,896
69$5,314,619$419,854$0$3,060,083
70$5,765,124$348,841$0$3,297,024
71$6,258,696$271,464$0$3,556,748
72$6,799,637$187,319$0$3,841,583
73$7,392,683$95,982$0$4,154,098
74$8,043,055$0$0$4,497,127
75$8,756,498$0$0$4,874,486
76$9,539,344$0$0$5,312,985
77$10,398,565$0$0$5,794,363
78$11,341,842$0$0$6,322,933
79$12,377,636$0$0$6,903,451
80$13,515,267$0$0$7,541,152
81$14,765,002$0$0$8,241,805
82$16,138,152$0$0$9,011,766
83$17,647,179$0$0$9,858,035
84$19,305,808$0$0$10,788,327
85$21,129,164$0$0$11,811,139
86$23,133,908$0$0$12,935,834
87$25,338,398$0$0$14,172,725
88$27,762,858$0$0$15,533,180
89$30,429,571$0$0$17,029,717
90$33,363,088$0$0$18,676,135
91$36,590,459$0$0$20,487,633
92$40,141,489$0$0$22,480,959
93$44,049,016$0$0$24,674,568
94$48,349,224$0$0$27,088,792
95$53,081,979$0$0$29,746,035
96$58,291,212$0$0$32,670,984
97$64,025,325$0$0$35,890,840
98$70,337,652$0$0$39,435,575
99$77,286,961$0$0$43,338,215
100$84,938,008$0$0$47,635,151