Can I retire at age 45 with 924,000?

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 $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$76,303$75,623$74,960$74,313$73,681$70,982
2 years$37,774$37,070$36,388$35,727$35,086$32,397
3 years$24,932$24,226$23,546$22,891$22,260$19,665
4 years$18,513$17,809$17,135$16,492$15,876$13,396
5 years$14,662$13,962$13,298$12,667$12,069$9,709
6 years$12,096$11,401$10,747$10,130$9,550$7,312
7 years$10,264$9,575$8,930$8,328$7,766$5,651
8 years$8,890$8,207$7,574$6,987$6,443$4,447
9 years$7,822$7,146$6,523$5,951$5,426$3,547
10 years$6,968$6,299$5,687$5,130$4,623$2,859
11 years$6,270$5,607$5,007$4,464$3,976$2,322
12 years$5,689$5,033$4,443$3,916$3,446$1,897
13 years$5,198$4,548$3,970$3,457$3,005$1,558
14 years$4,777$4,134$3,567$3,069$2,634$1,284
15 years$4,412$3,777$3,221$2,737$2,319$1,062
16 years$4,094$3,465$2,920$2,451$2,050$881
17 years$3,813$3,191$2,657$2,202$1,817$732
18 years$3,564$2,949$2,425$1,984$1,616$609
19 years$3,341$2,733$2,220$1,793$1,440$508
20 years$3,140$2,540$2,038$1,624$1,286$424
21 years$2,959$2,366$1,874$1,474$1,151$354
22 years$2,795$2,208$1,728$1,340$1,032$296
23 years$2,645$2,065$1,595$1,220$926$248
24 years$2,508$1,935$1,475$1,113$833$207
25 years$2,382$1,816$1,366$1,017$749$174
26 years$2,266$1,707$1,267$929$675$146
27 years$2,159$1,606$1,177$851$608$122
28 years$2,059$1,513$1,094$779$549$102
29 years$1,967$1,428$1,018$715$496$86
30 years$1,881$1,348$948$656$448$72
31 years$1,800$1,275$884$602$405$60
32 years$1,725$1,206$825$554$366$51
33 years$1,655$1,142$770$509$332$43
34 years$1,589$1,083$720$468$300$36
35 years$1,526$1,027$673$431$272$30
36 years$1,468$975$629$397$246$25
37 years$1,412$926$589$366$223$21
38 years$1,360$880$552$337$202$18
39 years$1,310$836$517$311$184$15
40 years$1,263$796$484$287$166$12
41 years$1,219$758$454$265$151$10
42 years$1,176$721$426$244$137$9
43 years$1,136$687$400$225$124$7
44 years$1,098$655$375$208$113$6
45 years$1,061$625$352$192$102$5
46 years$1,027$596$331$178$93$4
47 years$993$569$311$164$84$4
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$3
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $924,000, adding $3,474 every year, while hoping to spend $33,547 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: 68/22/10 Blend
44$924,000$924,000$924,000$924,000
45$1,021,831$972,859$958,537$1,089,002
46$1,090,364$984,836$954,955$1,146,031
47$1,164,764$996,275$950,128$1,204,017
48$1,245,592$1,007,114$943,979$1,266,549
49$1,333,468$1,017,289$936,428$1,334,068
50$1,429,073$1,026,728$927,390$1,407,058
51$1,533,158$1,035,356$916,777$1,486,055
52$1,646,546$1,043,095$904,495$1,571,650
53$1,770,145$1,049,858$890,447$1,664,493
54$1,904,955$1,055,556$874,532$1,765,300
55$2,052,074$1,060,092$856,643$1,874,864
56$2,212,713$1,063,364$836,667$1,994,055
57$2,388,204$1,065,263$814,490$2,123,835
58$2,580,013$1,065,674$789,988$2,265,264
59$2,789,756$1,064,473$763,034$2,419,510
60$3,019,210$1,061,531$733,495$2,587,862
61$3,270,333$1,056,709$701,230$2,771,741
62$3,545,279$1,049,860$666,094$2,972,713
63$3,846,424$1,040,830$627,934$3,192,505
64$4,176,380$1,029,451$586,591$3,433,021
65$4,538,027$1,015,550$541,897$3,696,362
66$4,934,535$998,942$493,680$3,984,842
67$5,369,396$979,428$441,757$4,301,014
68$5,846,456$956,802$385,938$4,647,694
69$6,369,952$930,843$326,024$5,027,984
70$6,944,551$901,317$261,809$5,445,306
71$7,575,391$867,978$193,076$5,903,432
72$8,268,136$830,564$119,599$6,406,523
73$9,029,022$788,798$41,142$6,959,164
74$9,864,921$742,388$0$7,566,411
75$10,783,403$691,025$0$8,238,383
76$11,792,805$634,381$0$8,981,662
77$12,902,316$572,110$0$9,798,657
78$14,122,057$503,848$0$10,696,870
79$15,463,177$429,207$0$11,684,566
80$16,937,964$347,780$0$12,770,858
81$18,559,950$259,136$0$13,965,789
82$20,344,051$162,819$0$15,280,428
83$22,306,695$58,349$0$16,726,978
84$24,465,988$0$0$18,318,886
85$26,841,874$0$0$20,084,239
86$29,456,332$0$0$22,042,465
87$32,333,577$0$0$24,197,583
88$35,500,292$0$0$26,569,587
89$38,985,874$0$0$29,180,506
90$42,822,720$0$0$32,054,616
91$47,046,523$0$0$35,218,662
92$51,696,614$0$0$38,702,116
93$56,816,332$0$0$42,537,454
94$62,453,431$0$0$46,760,460
95$68,660,532$0$0$51,410,565
96$75,495,618$0$0$56,531,217
97$83,022,582$0$0$62,170,294
98$91,311,828$0$0$68,380,553
99$100,440,937$0$0$75,220,128
100$110,495,397$0$0$82,753,080