Can I retire at age 45 with 915,000?

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 $915,000?

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$75,560$74,887$74,230$73,589$72,963$71,696
2 years$37,406$36,709$36,034$35,379$34,744$33,471
3 years$24,690$23,990$23,316$22,668$22,043$20,804
4 years$18,333$17,635$16,968$16,331$15,721$14,526
5 years$14,519$13,826$13,168$12,544$11,951$10,803
6 years$11,978$11,290$10,642$10,031$9,457$8,357
7 years$10,164$9,481$8,843$8,247$7,691$6,640
8 years$8,803$8,127$7,500$6,918$6,380$5,378
9 years$7,746$7,076$6,460$5,893$5,373$4,419
10 years$6,901$6,237$5,632$5,080$4,578$3,672
11 years$6,209$5,553$4,958$4,421$3,937$3,077
12 years$5,634$4,984$4,400$3,878$3,412$2,597
13 years$5,147$4,504$3,931$3,424$2,975$2,204
14 years$4,730$4,094$3,532$3,039$2,608$1,879
15 years$4,369$3,740$3,189$2,710$2,296$1,609
16 years$4,054$3,431$2,891$2,427$2,030$1,382
17 years$3,776$3,160$2,631$2,180$1,800$1,190
18 years$3,529$2,920$2,402$1,965$1,600$1,027
19 years$3,308$2,706$2,199$1,776$1,426$888
20 years$3,110$2,515$2,018$1,608$1,274$769
21 years$2,931$2,342$1,856$1,459$1,140$667
22 years$2,768$2,187$1,711$1,327$1,022$580
23 years$2,620$2,045$1,580$1,208$917$504
24 years$2,484$1,916$1,461$1,102$824$439
25 years$2,359$1,798$1,353$1,007$742$382
26 years$2,244$1,690$1,255$920$668$333
27 years$2,138$1,590$1,165$842$603$290
28 years$2,039$1,499$1,083$772$544$253
29 years$1,948$1,414$1,008$708$491$221
30 years$1,863$1,335$939$650$444$193
31 years$1,783$1,262$875$597$401$169
32 years$1,708$1,194$817$548$363$147
33 years$1,639$1,131$763$504$328$129
34 years$1,573$1,072$712$464$297$113
35 years$1,511$1,017$666$427$269$99
36 years$1,453$965$623$393$244$86
37 years$1,398$917$583$362$221$75
38 years$1,347$871$546$334$200$66
39 years$1,297$828$512$308$182$58
40 years$1,251$788$480$284$165$50
41 years$1,207$750$450$262$150$44
42 years$1,165$714$422$242$136$39
43 years$1,125$681$396$223$123$34
44 years$1,087$649$372$206$112$30
45 years$1,051$619$349$190$101$26
46 years$1,017$590$328$176$92$23
47 years$984$563$308$162$84$20
48 years$952$538$289$150$76$17
49 years$922$514$272$139$69$15
50 years$893$491$256$128$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $915,000, adding $2,453 every year, while hoping to spend $27,991 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: 65/7/28 Blend
44$915,000$915,000$915,000$915,000
45$1,010,860$962,365$948,183$1,068,931
46$1,084,186$979,739$950,165$1,125,859
47$1,164,052$997,026$951,275$1,184,733
48$1,251,098$1,014,192$951,455$1,248,472
49$1,346,023$1,031,201$950,642$1,317,560
50$1,449,602$1,048,014$948,773$1,392,529
51$1,562,684$1,064,589$945,779$1,473,964
52$1,686,204$1,080,881$941,589$1,562,512
53$1,821,193$1,096,840$936,129$1,658,886
54$1,968,786$1,112,417$929,320$1,763,872
55$2,130,231$1,127,554$921,081$1,878,338
56$2,306,903$1,142,192$911,326$2,003,238
57$2,500,316$1,156,269$899,964$2,139,627
58$2,712,138$1,169,716$886,903$2,288,667
59$2,944,205$1,182,460$872,043$2,451,640
60$3,198,538$1,194,425$855,281$2,629,958
61$3,477,365$1,205,529$836,509$2,825,179
62$3,783,139$1,215,682$815,614$3,039,022
63$4,118,561$1,224,792$792,479$3,273,381
64$4,486,606$1,232,759$766,979$3,530,344
65$4,890,553$1,239,477$738,985$3,812,213
66$5,334,011$1,244,832$708,363$4,121,527
67$5,820,957$1,248,706$674,970$4,461,086
68$6,355,772$1,250,971$638,659$4,833,975
69$6,943,282$1,251,490$599,276$5,243,597
70$7,588,804$1,250,120$556,659$5,693,702
71$8,298,195$1,246,708$510,639$6,188,427
72$9,077,906$1,241,092$461,041$6,732,330
73$9,935,046$1,233,099$407,680$7,330,438
74$10,877,447$1,222,548$350,364$7,988,290
75$11,913,738$1,209,244$288,892$8,711,996
76$13,053,424$1,192,981$223,054$9,508,290
77$14,306,979$1,173,544$152,633$10,384,594
78$15,685,944$1,150,700$77,399$11,349,091
79$17,203,032$1,124,206$0$12,410,803
80$18,872,252$1,093,803$0$13,580,536
81$20,709,040$1,059,217$0$14,893,121
82$22,730,402$1,020,159$0$16,337,571
83$24,955,078$976,322$0$17,927,285
84$27,403,715$927,381$0$19,677,029
85$30,099,065$872,994$0$21,603,073
86$33,066,196$812,797$0$23,723,348
87$36,332,731$746,406$0$26,057,609
88$39,929,106$673,417$0$28,627,630
89$43,888,861$593,400$0$31,457,401
90$48,248,950$505,902$0$34,573,359
91$53,050,097$410,445$0$38,004,639
92$58,337,172$306,523$0$41,783,344
93$64,159,622$193,601$0$45,944,851
94$70,571,933$71,116$0$50,528,148
95$77,634,141$0$0$55,576,193
96$85,412,407$0$0$61,141,071
97$93,979,633$0$0$67,276,520
98$103,416,153$0$0$74,034,605
99$113,810,492$0$0$81,478,735
100$125,260,200$0$0$89,678,783