Can I retire at age 45 with 902,000?

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 $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%19.1%
1 years$74,486$73,823$73,176$72,544$71,927$69,292
2 years$36,874$36,188$35,522$34,877$34,251$31,626
3 years$24,339$23,649$22,985$22,346$21,730$19,197
4 years$18,072$17,385$16,727$16,099$15,498$13,077
5 years$14,313$13,630$12,981$12,366$11,781$9,478
6 years$11,808$11,130$10,491$9,889$9,322$7,138
7 years$10,019$9,347$8,718$8,130$7,581$5,516
8 years$8,678$8,012$7,393$6,820$6,290$4,341
9 years$7,636$6,976$6,368$5,809$5,297$3,463
10 years$6,803$6,149$5,552$5,008$4,513$2,791
11 years$6,121$5,474$4,888$4,358$3,881$2,266
12 years$5,554$4,913$4,338$3,823$3,364$1,852
13 years$5,074$4,440$3,875$3,375$2,933$1,521
14 years$4,663$4,036$3,482$2,996$2,571$1,254
15 years$4,307$3,687$3,144$2,672$2,264$1,037
16 years$3,996$3,383$2,850$2,392$2,001$860
17 years$3,722$3,115$2,594$2,149$1,774$715
18 years$3,479$2,879$2,368$1,937$1,577$595
19 years$3,261$2,668$2,168$1,750$1,406$496
20 years$3,066$2,479$1,989$1,585$1,256$414
21 years$2,889$2,309$1,830$1,439$1,124$346
22 years$2,729$2,156$1,686$1,308$1,007$289
23 years$2,582$2,016$1,557$1,191$904$242
24 years$2,448$1,889$1,440$1,087$813$203
25 years$2,325$1,773$1,334$992$731$170
26 years$2,212$1,666$1,237$907$659$142
27 years$2,107$1,568$1,149$830$594$119
28 years$2,010$1,477$1,068$761$536$100
29 years$1,920$1,394$994$698$484$84
30 years$1,836$1,316$926$640$437$70
31 years$1,758$1,244$863$588$395$59
32 years$1,684$1,177$805$541$358$49
33 years$1,615$1,115$752$497$324$41
34 years$1,551$1,057$702$457$293$35
35 years$1,490$1,002$657$421$265$29
36 years$1,433$951$614$388$240$25
37 years$1,379$904$575$357$218$21
38 years$1,327$859$538$329$198$17
39 years$1,279$817$504$304$179$15
40 years$1,233$777$473$280$163$12
41 years$1,190$740$443$258$147$10
42 years$1,148$704$416$238$134$9
43 years$1,109$671$390$220$121$7
44 years$1,072$640$366$203$110$6
45 years$1,036$610$344$188$100$5
46 years$1,002$582$323$173$91$4
47 years$970$555$304$160$82$4
48 years$939$530$285$148$75$3
49 years$909$506$268$137$68$3
50 years$881$484$252$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $902,000, adding $4,085 every year, while hoping to spend $47,059 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: 52/28/20 Blend
44$902,000$902,000$902,000$902,000
45$998,218$950,412$936,431$1,044,424
46$1,049,965$946,911$917,731$1,073,172
47$1,105,414$941,662$896,827$1,099,200
48$1,164,892$934,529$873,596$1,126,506
49$1,228,758$925,369$847,909$1,155,227
50$1,297,408$914,028$819,630$1,185,517
51$1,371,274$900,346$788,619$1,217,547
52$1,450,833$884,152$754,726$1,251,511
53$1,536,608$865,265$717,799$1,287,622
54$1,629,171$843,492$677,675$1,326,120
55$1,729,155$818,632$634,185$1,367,272
56$1,837,252$790,468$587,153$1,411,375
57$1,954,224$758,773$536,395$1,458,762
58$2,080,909$723,307$481,719$1,509,801
59$2,218,227$683,815$422,922$1,564,905
60$2,367,191$640,027$359,795$1,624,532
61$2,528,915$591,658$292,118$1,689,189
62$2,704,623$538,409$219,663$1,759,445
63$2,895,663$479,959$142,190$1,835,927
64$3,103,517$415,973$59,450$1,919,335
65$3,329,816$346,095$0$2,010,446
66$3,576,353$269,951$0$2,116,278
67$3,845,105$187,142$0$2,245,571
68$4,138,244$97,251$0$2,386,745
69$4,458,164$0$0$2,541,043
70$4,807,496$0$0$2,709,886
71$5,189,140$0$0$2,927,165
72$5,606,287$0$0$3,164,745
73$6,062,450$0$0$3,424,637
74$6,561,498$0$0$3,709,055
75$7,107,691$0$0$4,020,441
76$7,705,718$0$0$4,361,479
77$8,360,744$0$0$4,735,128
78$9,078,458$0$0$5,144,645
79$9,865,124$0$0$5,593,620
80$10,727,641$0$0$6,086,002
81$11,673,607$0$0$6,626,146
82$12,711,392$0$0$7,218,844
83$13,850,213$0$0$7,869,378
84$15,100,226$0$0$8,583,563
85$16,472,615$0$0$9,367,808
86$17,979,700$0$0$10,229,171
87$19,635,055$0$0$11,175,428
88$21,453,631$0$0$12,215,143
89$23,451,899$0$0$13,357,753
90$25,648,006$0$0$14,613,655
91$28,061,942$0$0$15,994,301
92$30,715,731$0$0$17,512,309
93$33,633,638$0$0$19,181,582
94$36,842,396$0$0$21,017,436
95$40,371,459$0$0$23,036,746
96$44,253,277$0$0$25,258,105
97$48,523,604$0$0$27,701,998
98$53,221,833$0$0$30,390,997
99$58,391,371$0$0$33,349,970
100$64,080,039$0$0$36,606,320