Can I retire at age 45 with 902,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $902,000?

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$74,486$73,823$73,176$72,544$71,927$70,302
2 years$36,874$36,188$35,522$34,877$34,251$32,623
3 years$24,339$23,649$22,985$22,346$21,730$20,150
4 years$18,072$17,385$16,727$16,099$15,498$13,977
5 years$14,313$13,630$12,981$12,366$11,781$10,324
6 years$11,808$11,130$10,491$9,889$9,322$7,930
7 years$10,019$9,347$8,718$8,130$7,581$6,255
8 years$8,678$8,012$7,393$6,820$6,290$5,028
9 years$7,636$6,976$6,368$5,809$5,297$4,100
10 years$6,803$6,149$5,552$5,008$4,513$3,379
11 years$6,121$5,474$4,888$4,358$3,881$2,809
12 years$5,554$4,913$4,338$3,823$3,364$2,350
13 years$5,074$4,440$3,875$3,375$2,933$1,978
14 years$4,663$4,036$3,482$2,996$2,571$1,672
15 years$4,307$3,687$3,144$2,672$2,264$1,418
16 years$3,996$3,383$2,850$2,392$2,001$1,207
17 years$3,722$3,115$2,594$2,149$1,774$1,029
18 years$3,479$2,879$2,368$1,937$1,577$880
19 years$3,261$2,668$2,168$1,750$1,406$754
20 years$3,066$2,479$1,989$1,585$1,256$647
21 years$2,889$2,309$1,830$1,439$1,124$555
22 years$2,729$2,156$1,686$1,308$1,007$478
23 years$2,582$2,016$1,557$1,191$904$411
24 years$2,448$1,889$1,440$1,087$813$354
25 years$2,325$1,773$1,334$992$731$305
26 years$2,212$1,666$1,237$907$659$263
27 years$2,107$1,568$1,149$830$594$227
28 years$2,010$1,477$1,068$761$536$196
29 years$1,920$1,394$994$698$484$169
30 years$1,836$1,316$926$640$437$146
31 years$1,758$1,244$863$588$395$127
32 years$1,684$1,177$805$541$358$109
33 years$1,615$1,115$752$497$324$95
34 years$1,551$1,057$702$457$293$82
35 years$1,490$1,002$657$421$265$71
36 years$1,433$951$614$388$240$61
37 years$1,379$904$575$357$218$53
38 years$1,327$859$538$329$198$46
39 years$1,279$817$504$304$179$40
40 years$1,233$777$473$280$163$34
41 years$1,190$740$443$258$147$30
42 years$1,148$704$416$238$134$26
43 years$1,109$671$390$220$121$22
44 years$1,072$640$366$203$110$19
45 years$1,036$610$344$188$100$17
46 years$1,002$582$323$173$91$14
47 years$970$555$304$160$82$12
48 years$939$530$285$148$75$11
49 years$909$506$268$137$68$9
50 years$881$484$252$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $902,000, adding $5,809 every year, while hoping to spend $34,795 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: 59/25/16 Blend
44$902,000$902,000$902,000$902,000
45$999,996$952,190$938,209$1,054,565
46$1,064,974$961,826$932,617$1,101,761
47$1,135,414$970,767$925,672$1,148,847
48$1,211,835$978,944$917,292$1,199,387
49$1,294,811$986,281$907,389$1,253,719
50$1,384,970$992,697$895,875$1,312,217
51$1,483,005$998,108$882,656$1,375,293
52$1,589,678$1,002,422$867,631$1,443,403
53$1,705,827$1,005,542$850,699$1,517,048
54$1,832,375$1,007,367$831,750$1,596,785
55$1,970,335$1,007,786$810,672$1,683,225
56$2,120,826$1,006,684$787,346$1,777,045
57$2,285,077$1,003,939$761,649$1,878,991
58$2,464,441$999,418$733,450$1,989,889
59$2,660,408$992,983$702,615$2,110,649
60$2,874,619$984,488$669,002$2,242,274
61$3,108,879$973,777$632,462$2,385,873
62$3,365,176$960,684$592,841$2,542,672
63$3,645,700$945,033$549,977$2,714,020
64$3,952,862$926,641$503,702$2,901,408
65$4,289,316$905,308$453,838$3,106,483
66$4,657,987$880,829$400,202$3,331,060
67$5,062,093$852,981$342,601$3,577,142
68$5,505,181$821,532$280,833$3,846,942
69$5,991,158$786,235$214,688$4,142,899
70$6,524,323$746,828$143,948$4,467,706
71$7,109,417$703,035$68,383$4,824,333
72$7,751,659$654,565$0$5,216,059
73$8,456,797$601,107$0$5,648,591
74$9,231,165$542,336$0$6,136,420
75$10,081,739$477,906$0$6,672,307
76$11,016,205$407,452$0$7,261,150
77$12,043,030$330,589$0$7,908,355
78$13,171,541$246,910$0$8,619,878
79$14,412,013$155,984$0$9,402,288
80$15,775,769$57,358$0$10,262,826
81$17,275,280$0$0$11,209,475
82$18,924,289$0$0$12,264,640
83$20,737,935$0$0$13,442,590
84$22,732,898$0$0$14,738,391
85$24,927,559$0$0$16,163,989
86$27,342,165$0$0$17,732,551
87$29,999,030$0$0$19,458,580
88$32,922,735$0$0$21,358,060
89$36,140,368$0$0$23,448,600
90$39,681,775$0$0$25,749,604
91$43,579,840$0$0$28,282,451
92$47,870,800$0$0$31,070,700
93$52,594,580$0$0$34,140,308
94$57,795,177$0$0$37,519,880
95$63,521,066$0$0$41,240,931
96$69,825,666$0$0$45,338,191
97$76,767,837$0$0$49,849,928
98$84,412,438$0$0$54,818,311
99$92,830,938$0$0$60,289,804
100$102,102,090$0$0$66,315,611