Can I retire at age 45 with 923,000?

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 $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$76,220$75,542$74,879$74,233$73,601$71,677
2 years$37,733$37,030$36,349$35,689$35,048$33,122
3 years$24,905$24,200$23,520$22,866$22,236$20,369
4 years$18,493$17,789$17,117$16,474$15,859$14,065
5 years$14,646$13,947$13,283$12,653$12,056$10,340
6 years$12,083$11,389$10,735$10,119$9,539$7,904
7 years$10,253$9,564$8,921$8,319$7,758$6,203
8 years$8,880$8,198$7,565$6,979$6,436$4,960
9 years$7,814$7,138$6,516$5,945$5,420$4,022
10 years$6,961$6,292$5,681$5,124$4,618$3,296
11 years$6,264$5,601$5,001$4,460$3,972$2,724
12 years$5,683$5,027$4,439$3,912$3,442$2,267
13 years$5,192$4,543$3,966$3,453$3,001$1,896
14 years$4,772$4,130$3,563$3,066$2,631$1,592
15 years$4,407$3,773$3,217$2,734$2,317$1,342
16 years$4,089$3,461$2,917$2,448$2,047$1,135
17 years$3,809$3,188$2,654$2,199$1,815$962
18 years$3,560$2,946$2,423$1,982$1,614$817
19 years$3,337$2,730$2,218$1,791$1,439$695
20 years$3,137$2,537$2,036$1,622$1,285$592
21 years$2,956$2,363$1,872$1,472$1,150$505
22 years$2,792$2,206$1,726$1,339$1,031$431
23 years$2,642$2,063$1,593$1,219$925$369
24 years$2,505$1,933$1,474$1,112$832$315
25 years$2,380$1,814$1,365$1,015$748$270
26 years$2,264$1,705$1,266$928$674$231
27 years$2,157$1,604$1,175$850$608$198
28 years$2,057$1,512$1,093$779$548$170
29 years$1,965$1,426$1,017$714$495$146
30 years$1,879$1,347$947$655$447$125
31 years$1,799$1,273$883$602$405$107
32 years$1,723$1,205$824$553$366$92
33 years$1,653$1,141$769$509$331$79
34 years$1,587$1,081$719$468$300$68
35 years$1,525$1,026$672$431$272$58
36 years$1,466$973$629$397$246$50
37 years$1,411$925$588$366$223$43
38 years$1,358$879$551$337$202$37
39 years$1,309$836$516$311$183$32
40 years$1,262$795$484$287$166$27
41 years$1,217$757$454$264$151$23
42 years$1,175$721$426$244$137$20
43 years$1,135$687$399$225$124$17
44 years$1,097$655$375$208$113$15
45 years$1,060$624$352$192$102$13
46 years$1,025$595$331$177$93$11
47 years$992$568$311$164$84$9
48 years$961$542$292$151$77$8
49 years$930$518$274$140$70$7
50 years$901$495$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 $923,000, adding $2,986 every year, while hoping to spend $48,539 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: 73/21/6 Blend
44$923,000$923,000$923,000$923,000
45$1,020,226$971,307$957,001$1,093,777
46$1,072,644$967,256$937,415$1,138,586
47$1,128,782$961,380$915,546$1,181,237
48$1,188,967$953,537$891,267$1,226,566
49$1,253,561$943,580$864,444$1,274,823
50$1,322,958$931,349$834,936$1,326,281
51$1,397,592$916,677$802,599$1,381,243
52$1,477,938$899,386$767,278$1,440,044
53$1,564,521$879,289$728,814$1,503,054
54$1,657,913$856,185$687,041$1,570,680
55$1,758,747$829,865$641,783$1,643,373
56$1,867,715$800,104$592,859$1,721,630
57$1,985,579$766,666$540,077$1,806,001
58$2,113,178$729,302$483,239$1,897,092
59$2,251,431$687,747$422,136$1,995,572
60$2,401,351$641,721$356,552$2,102,182
61$2,564,052$590,928$286,260$2,217,738
62$2,740,757$535,056$211,022$2,343,142
63$2,932,815$473,774$130,591$2,479,389
64$3,141,706$406,733$44,710$2,627,579
65$3,369,061$333,564$0$2,788,925
66$3,616,674$253,877$0$2,967,773
67$3,886,518$167,261$0$3,165,846
68$4,180,766$73,280$0$3,381,931
69$4,501,809$0$0$3,617,850
70$4,852,278$0$0$3,882,205
71$5,235,070$0$0$4,189,477
72$5,653,375$0$0$4,525,296
73$6,110,704$0$0$4,892,486
74$6,610,921$0$0$5,294,156
75$7,158,284$0$0$5,733,729
76$7,757,478$0$0$6,214,975
77$8,413,666$0$0$6,742,045
78$9,132,530$0$0$7,319,510
79$9,920,329$0$0$7,952,405
80$10,783,957$0$0$8,646,274
81$11,731,004$0$0$9,407,223
82$12,769,834$0$0$10,241,978
83$13,909,656$0$0$11,157,947
84$15,160,614$0$0$12,163,291
85$16,533,884$0$0$13,266,998
86$18,041,774$0$0$14,478,969
87$19,697,845$0$0$15,810,111
88$21,517,032$0$0$17,272,440
89$23,515,792$0$0$18,879,192
90$25,712,252$0$0$20,644,950
91$28,126,383$0$0$22,585,776
92$30,780,187$0$0$24,719,371
93$33,697,904$0$0$27,065,233
94$36,906,239$0$0$29,644,844
95$40,434,616$0$0$32,481,872
96$44,315,452$0$0$35,602,395
97$48,584,462$0$0$39,035,143
98$53,281,000$0$0$42,811,773
99$58,448,424$0$0$46,967,163
100$64,134,507$0$0$51,539,743