Can I retire at age 45 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$76,138$75,460$74,798$74,152$73,522$71,628
2 years$37,692$36,990$36,310$35,650$35,010$33,115
3 years$24,878$24,173$23,495$22,841$22,212$20,375
4 years$18,473$17,770$17,098$16,456$15,842$14,076
5 years$14,631$13,932$13,269$12,640$12,043$10,354
6 years$12,070$11,376$10,723$10,108$9,529$7,918
7 years$10,241$9,554$8,911$8,310$7,750$6,218
8 years$8,871$8,189$7,557$6,971$6,429$4,975
9 years$7,805$7,130$6,509$5,938$5,414$4,037
10 years$6,953$6,285$5,675$5,119$4,613$3,310
11 years$6,257$5,595$4,996$4,455$3,967$2,738
12 years$5,677$5,022$4,434$3,907$3,438$2,279
13 years$5,186$4,538$3,961$3,450$2,998$1,907
14 years$4,766$4,125$3,559$3,062$2,628$1,603
15 years$4,403$3,769$3,214$2,731$2,314$1,353
16 years$4,085$3,458$2,914$2,445$2,045$1,144
17 years$3,805$3,184$2,651$2,197$1,813$971
18 years$3,556$2,942$2,420$1,980$1,612$825
19 years$3,333$2,727$2,216$1,789$1,437$702
20 years$3,134$2,534$2,033$1,620$1,284$599
21 years$2,953$2,360$1,870$1,471$1,149$511
22 years$2,789$2,203$1,724$1,337$1,030$437
23 years$2,640$2,061$1,592$1,218$924$374
24 years$2,503$1,931$1,472$1,111$831$320
25 years$2,377$1,812$1,363$1,014$748$274
26 years$2,261$1,703$1,264$927$673$235
27 years$2,154$1,603$1,174$849$607$201
28 years$2,055$1,510$1,091$778$548$173
29 years$1,963$1,425$1,016$713$495$148
30 years$1,877$1,345$946$655$447$127
31 years$1,797$1,272$882$601$404$109
32 years$1,722$1,203$823$552$366$94
33 years$1,651$1,140$768$508$331$81
34 years$1,585$1,080$718$467$300$69
35 years$1,523$1,025$671$430$271$59
36 years$1,464$972$628$396$246$51
37 years$1,409$924$588$365$223$44
38 years$1,357$878$550$337$202$38
39 years$1,307$835$516$310$183$32
40 years$1,261$794$483$286$166$28
41 years$1,216$756$453$264$151$24
42 years$1,174$720$425$244$137$21
43 years$1,134$686$399$225$124$18
44 years$1,095$654$374$208$113$15
45 years$1,059$623$352$192$102$13
46 years$1,024$595$330$177$93$11
47 years$991$568$310$164$84$10
48 years$959$542$292$151$77$8
49 years$929$517$274$140$70$7
50 years$900$494$258$129$63$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $922,000, adding $4,338 every year, while hoping to spend $56,129 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: 51/29/20 Blend
44$922,000$922,000$922,000$922,000
45$1,020,519$971,653$957,362$1,066,699
46$1,064,891$959,543$929,712$1,086,919
47$1,111,908$944,958$899,256$1,102,749
48$1,161,780$927,719$865,838$1,118,768
49$1,214,737$907,633$829,300$1,135,014
50$1,271,032$884,498$789,473$1,151,533
51$1,330,938$858,100$746,182$1,168,378
52$1,394,759$828,212$699,244$1,185,613
53$1,462,823$794,593$648,467$1,203,309
54$1,535,493$756,990$593,652$1,221,551
55$1,613,164$715,133$534,590$1,240,438
56$1,696,270$668,738$471,063$1,260,082
57$1,785,288$617,505$402,842$1,280,612
58$1,880,740$561,115$329,689$1,302,176
59$1,983,198$499,233$251,357$1,324,942
60$2,093,292$431,503$167,585$1,349,103
61$2,211,711$357,550$78,103$1,374,876
62$2,339,214$276,978$0$1,402,507
63$2,476,632$189,368$0$1,435,989
64$2,624,879$94,278$0$1,489,953
65$2,784,960$0$0$1,548,137
66$2,957,978$0$0$1,613,806
67$3,145,146$0$0$1,717,466
68$3,347,797$0$0$1,829,780
69$3,567,396$0$0$1,951,569
70$3,805,556$0$0$2,083,738
71$4,064,047$0$0$2,227,281
72$4,344,820$0$0$2,383,292
73$4,650,018$0$0$2,552,974
74$4,982,001$0$0$2,737,651
75$5,343,362$0$0$2,938,780
76$5,736,959$0$0$3,157,964
77$6,165,932$0$0$3,396,966
78$6,633,740$0$0$3,657,728
79$7,144,189$0$0$3,942,388
80$7,701,469$0$0$4,253,298
81$8,310,192$0$0$4,593,047
82$8,975,434$0$0$4,964,487
83$9,702,786$0$0$5,370,757
84$10,498,401$0$0$5,815,313
85$11,369,055$0$0$6,301,961
86$12,322,211$0$0$6,834,891
87$13,366,084$0$0$7,418,720
88$14,509,723$0$0$8,058,529
89$15,763,092$0$0$8,759,917
90$17,137,166$0$0$9,529,048
91$18,644,033$0$0$10,372,712
92$20,297,004$0$0$11,298,388
93$22,110,744$0$0$12,314,315
94$24,101,404$0$0$13,429,566
95$26,286,775$0$0$14,654,137
96$28,686,456$0$0$15,999,040
97$31,322,034$0$0$17,476,403
98$34,217,293$0$0$19,099,589
99$37,398,430$0$0$20,883,319
100$40,894,310$0$0$22,843,809