Can I retire at age 45 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$75,973$75,296$74,636$73,991$73,362$71,705
2 years$37,610$36,910$36,231$35,573$34,934$33,274
3 years$24,824$24,121$23,444$22,792$22,164$20,552
4 years$18,433$17,731$17,061$16,420$15,807$14,256
5 years$14,599$13,902$13,240$12,612$12,017$10,530
6 years$12,044$11,352$10,700$10,086$9,508$8,089
7 years$10,219$9,533$8,892$8,292$7,733$6,380
8 years$8,852$8,172$7,541$6,956$6,415$5,129
9 years$7,788$7,115$6,495$5,925$5,402$4,182
10 years$6,938$6,271$5,662$5,108$4,603$3,446
11 years$6,243$5,583$4,985$4,445$3,959$2,865
12 years$5,664$5,011$4,424$3,899$3,431$2,397
13 years$5,175$4,529$3,953$3,442$2,992$2,017
14 years$4,756$4,116$3,552$3,056$2,622$1,705
15 years$4,393$3,760$3,207$2,725$2,309$1,446
16 years$4,076$3,450$2,907$2,440$2,041$1,231
17 years$3,796$3,177$2,645$2,192$1,809$1,050
18 years$3,548$2,936$2,415$1,976$1,609$898
19 years$3,326$2,721$2,211$1,785$1,434$769
20 years$3,127$2,529$2,029$1,617$1,281$660
21 years$2,947$2,355$1,866$1,467$1,146$567
22 years$2,783$2,199$1,720$1,334$1,027$487
23 years$2,634$2,056$1,588$1,215$922$419
24 years$2,497$1,927$1,469$1,108$829$361
25 years$2,372$1,808$1,360$1,012$746$311
26 years$2,256$1,699$1,262$925$672$269
27 years$2,150$1,599$1,172$847$606$232
28 years$2,050$1,507$1,089$776$547$200
29 years$1,958$1,422$1,014$712$494$173
30 years$1,873$1,343$944$653$446$149
31 years$1,793$1,269$880$600$403$129
32 years$1,718$1,201$821$551$365$112
33 years$1,648$1,137$767$507$330$96
34 years$1,582$1,078$716$466$299$83
35 years$1,520$1,022$670$429$271$72
36 years$1,461$970$627$395$245$62
37 years$1,406$922$586$364$222$54
38 years$1,354$876$549$336$202$47
39 years$1,305$833$515$310$183$40
40 years$1,258$792$482$286$166$35
41 years$1,213$754$452$264$150$30
42 years$1,171$718$424$243$136$26
43 years$1,131$684$398$224$124$23
44 years$1,093$652$374$207$112$20
45 years$1,057$622$351$191$102$17
46 years$1,022$593$330$177$93$15
47 years$989$566$310$163$84$13
48 years$957$541$291$151$76$11
49 years$927$516$273$140$69$10
50 years$898$493$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $920,000, adding $2,982 every year, while hoping to spend $30,050 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: 83/8/9 Blend
44$920,000$920,000$920,000$920,000
45$1,016,916$968,156$953,896$1,099,825
46$1,088,668$983,623$953,878$1,169,961
47$1,166,732$998,840$952,853$1,242,637
48$1,251,720$1,013,764$950,755$1,321,524
49$1,344,305$1,028,348$947,515$1,407,228
50$1,445,228$1,042,541$943,060$1,500,417
51$1,555,305$1,056,290$937,317$1,601,824
52$1,675,434$1,069,536$930,205$1,712,259
53$1,806,603$1,082,217$921,641$1,832,613
54$1,949,900$1,094,269$911,540$1,963,867
55$2,106,523$1,105,621$899,809$2,107,103
56$2,277,789$1,116,198$886,353$2,263,511
57$2,465,151$1,125,919$871,074$2,434,404
58$2,670,208$1,134,700$853,866$2,621,228
59$2,894,719$1,142,451$834,620$2,825,573
60$3,140,623$1,149,073$813,223$3,049,195
61$3,410,054$1,154,466$789,554$3,294,026
62$3,705,364$1,158,519$763,488$3,562,197
63$4,029,141$1,161,116$734,895$3,856,053
64$4,384,237$1,162,134$703,637$4,178,179
65$4,773,792$1,161,442$669,572$4,531,424
66$5,201,267$1,158,901$632,551$4,918,928
67$5,670,471$1,154,362$592,416$5,344,148
68$6,185,602$1,147,669$549,006$5,810,895
69$6,751,285$1,138,655$502,148$6,323,370
70$7,372,611$1,127,145$451,666$6,886,199
71$8,055,193$1,112,950$397,372$7,504,482
72$8,805,211$1,095,873$339,072$8,183,838
73$9,629,475$1,075,704$276,564$8,930,459
74$10,535,488$1,052,219$209,635$9,751,169
75$11,531,513$1,025,184$138,063$10,653,488
76$12,626,657$994,348$61,618$11,645,701
77$13,830,953$959,447$0$12,736,941
78$15,155,452$920,202$0$13,939,187
79$16,612,333$876,317$0$15,268,051
80$18,215,014$827,479$0$16,729,856
81$19,978,277$773,357$0$18,338,096
82$21,918,410$713,601$0$20,107,640
83$24,053,361$647,841$0$22,054,871
84$26,402,905$575,685$0$24,197,845
85$28,988,829$496,722$0$26,556,455
86$31,835,141$410,513$0$29,152,623
87$34,968,294$316,597$0$32,010,507
88$38,417,438$214,488$0$35,156,727
89$42,214,689$103,670$0$38,620,615
90$46,395,438$0$0$42,434,497
91$50,998,680$0$0$46,635,436
92$56,067,388$0$0$51,271,233
93$61,648,909$0$0$56,376,069
94$67,795,418$0$0$61,997,666
95$74,564,409$0$0$68,188,610
96$82,019,233$0$0$75,006,847
97$90,229,701$0$0$82,516,228
98$99,272,738$0$0$90,787,115
99$109,233,113$0$0$99,897,040
100$120,204,234$0$0$109,931,441