Can I retire at age 45 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$76,055$75,378$74,717$74,072$73,442$72,464
2 years$37,651$36,950$36,270$35,611$34,972$33,989
3 years$24,851$24,147$23,469$22,817$22,188$21,229
4 years$18,453$17,751$17,080$16,438$15,825$14,898
5 years$14,615$13,917$13,255$12,626$12,030$11,138
6 years$12,057$11,364$10,712$10,097$9,519$8,663
7 years$10,230$9,544$8,901$8,301$7,741$6,922
8 years$8,861$8,181$7,549$6,964$6,422$5,639
9 years$7,797$7,123$6,502$5,932$5,408$4,661
10 years$6,946$6,278$5,669$5,113$4,608$3,896
11 years$6,250$5,589$4,991$4,450$3,963$3,286
12 years$5,671$5,017$4,429$3,903$3,434$2,791
13 years$5,181$4,534$3,957$3,446$2,995$2,384
14 years$4,761$4,121$3,555$3,059$2,625$2,047
15 years$4,398$3,764$3,210$2,728$2,311$1,764
16 years$4,080$3,454$2,910$2,443$2,043$1,526
17 years$3,800$3,181$2,648$2,195$1,811$1,323
18 years$3,552$2,939$2,418$1,978$1,611$1,150
19 years$3,330$2,724$2,213$1,787$1,436$1,002
20 years$3,130$2,531$2,031$1,619$1,282$875
21 years$2,950$2,358$1,868$1,469$1,147$764
22 years$2,786$2,201$1,722$1,336$1,029$669
23 years$2,637$2,058$1,590$1,216$923$586
24 years$2,500$1,929$1,470$1,109$830$514
25 years$2,374$1,810$1,362$1,013$747$451
26 years$2,259$1,701$1,263$926$673$397
27 years$2,152$1,601$1,173$848$606$349
28 years$2,053$1,509$1,090$777$547$307
29 years$1,961$1,423$1,015$712$494$270
30 years$1,875$1,344$945$654$446$238
31 years$1,795$1,271$881$601$404$209
32 years$1,720$1,202$822$552$365$184
33 years$1,649$1,138$768$508$330$163
34 years$1,583$1,079$717$467$299$143
35 years$1,521$1,023$670$430$271$126
36 years$1,463$971$627$396$246$111
37 years$1,408$923$587$365$223$98
38 years$1,355$877$550$336$202$87
39 years$1,306$834$515$310$183$77
40 years$1,259$793$483$286$166$68
41 years$1,215$755$453$264$151$60
42 years$1,173$719$425$243$137$53
43 years$1,132$685$398$225$124$46
44 years$1,094$653$374$208$113$41
45 years$1,058$623$351$192$102$36
46 years$1,023$594$330$177$93$32
47 years$990$567$310$164$84$28
48 years$958$541$291$151$76$25
49 years$928$517$274$140$69$22
50 years$899$494$257$129$63$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $921,000, adding $6,781 every year, while hoping to spend $58,162 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: 68/15/17 Blend
44$921,000$921,000$921,000$921,000
45$1,021,937$973,124$958,848$1,086,808
46$1,064,290$958,923$929,086$1,116,758
47$1,109,015$942,077$896,377$1,142,036
48$1,156,290$922,394$860,561$1,168,238
49$1,206,314$899,674$821,472$1,195,452
50$1,259,300$873,700$778,934$1,223,774
51$1,315,484$844,247$732,764$1,253,311
52$1,375,123$811,075$682,771$1,284,187
53$1,438,497$773,929$628,755$1,316,535
54$1,505,913$732,540$570,507$1,350,507
55$1,577,707$686,626$507,810$1,386,272
56$1,654,247$635,885$440,436$1,424,019
57$1,735,936$579,999$368,147$1,463,958
58$1,823,216$518,633$290,694$1,506,324
59$1,916,570$451,432$207,818$1,551,378
60$2,016,528$378,020$119,248$1,599,410
61$2,123,673$298,002$24,702$1,650,747
62$2,238,643$210,960$0$1,705,747
63$2,362,138$116,450$0$1,778,634
64$2,494,926$14,007$0$1,861,713
65$2,637,853$0$0$1,951,053
66$2,791,844$0$0$2,063,255
67$2,957,917$0$0$2,186,795
68$3,137,191$0$0$2,320,199
69$3,330,894$0$0$2,464,385
70$3,540,377$0$0$2,620,366
71$3,767,123$0$0$2,789,252
72$4,012,765$0$0$2,972,266
73$4,279,096$0$0$3,170,750
74$4,568,090$0$0$3,386,181
75$4,881,915$0$0$3,620,185
76$5,222,959$0$0$3,874,548
77$5,593,847$0$0$4,151,238
78$5,997,467$0$0$4,452,417
79$6,436,997$0$0$4,780,465
80$6,915,934$0$0$5,138,002
81$7,438,128$0$0$5,527,910
82$8,007,813$0$0$5,953,363
83$8,629,653$0$0$6,417,852
84$9,308,779$0$0$6,925,223
85$10,050,841$0$0$7,479,707
86$10,862,060$0$0$8,085,964
87$11,749,283$0$0$8,749,124
88$12,720,050$0$0$9,474,836
89$13,782,665$0$0$10,269,320
90$14,946,269$0$0$11,139,424
91$16,220,930$0$0$12,092,692
92$17,617,736$0$0$13,137,430
93$19,148,899$0$0$14,282,787
94$20,827,865$0$0$15,538,838
95$22,669,448$0$0$16,916,682
96$24,689,963$0$0$18,428,541
97$26,907,379$0$0$20,087,881
98$29,341,492$0$0$21,909,531
99$32,014,105$0$0$23,909,830
100$34,949,237$0$0$26,106,773