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%19.5%
1 years$74,486$73,823$73,176$72,544$71,927$69,182
2 years$36,874$36,188$35,522$34,877$34,251$31,518
3 years$24,339$23,649$22,985$22,346$21,730$19,095
4 years$18,072$17,385$16,727$16,099$15,498$12,981
5 years$14,313$13,630$12,981$12,366$11,781$9,389
6 years$11,808$11,130$10,491$9,889$9,322$7,055
7 years$10,019$9,347$8,718$8,130$7,581$5,440
8 years$8,678$8,012$7,393$6,820$6,290$4,271
9 years$7,636$6,976$6,368$5,809$5,297$3,399
10 years$6,803$6,149$5,552$5,008$4,513$2,732
11 years$6,121$5,474$4,888$4,358$3,881$2,213
12 years$5,554$4,913$4,338$3,823$3,364$1,803
13 years$5,074$4,440$3,875$3,375$2,933$1,477
14 years$4,663$4,036$3,482$2,996$2,571$1,214
15 years$4,307$3,687$3,144$2,672$2,264$1,001
16 years$3,996$3,383$2,850$2,392$2,001$828
17 years$3,722$3,115$2,594$2,149$1,774$686
18 years$3,479$2,879$2,368$1,937$1,577$569
19 years$3,261$2,668$2,168$1,750$1,406$473
20 years$3,066$2,479$1,989$1,585$1,256$394
21 years$2,889$2,309$1,830$1,439$1,124$328
22 years$2,729$2,156$1,686$1,308$1,007$273
23 years$2,582$2,016$1,557$1,191$904$228
24 years$2,448$1,889$1,440$1,087$813$190
25 years$2,325$1,773$1,334$992$731$159
26 years$2,212$1,666$1,237$907$659$133
27 years$2,107$1,568$1,149$830$594$111
28 years$2,010$1,477$1,068$761$536$93
29 years$1,920$1,394$994$698$484$77
30 years$1,836$1,316$926$640$437$65
31 years$1,758$1,244$863$588$395$54
32 years$1,684$1,177$805$541$358$45
33 years$1,615$1,115$752$497$324$38
34 years$1,551$1,057$702$457$293$32
35 years$1,490$1,002$657$421$265$26
36 years$1,433$951$614$388$240$22
37 years$1,379$904$575$357$218$19
38 years$1,327$859$538$329$198$16
39 years$1,279$817$504$304$179$13
40 years$1,233$777$473$280$163$11
41 years$1,190$740$443$258$147$9
42 years$1,148$704$416$238$134$8
43 years$1,109$671$390$220$121$6
44 years$1,072$640$366$203$110$5
45 years$1,036$610$344$188$100$4
46 years$1,002$582$323$173$91$4
47 years$970$555$304$160$82$3
48 years$939$530$285$148$75$3
49 years$909$506$268$137$68$2
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 $4,464 every year, while hoping to spend $21,623 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: 47/37/16 Blend
44$902,000$902,000$902,000$902,000
45$998,609$950,803$936,822$1,040,838
46$1,077,460$974,385$945,198$1,094,189
47$1,163,629$998,399$953,131$1,149,504
48$1,257,841$1,022,841$960,582$1,209,072
49$1,360,890$1,047,710$967,512$1,273,299
50$1,473,656$1,073,003$973,878$1,342,631
51$1,597,103$1,098,714$979,637$1,417,559
52$1,732,295$1,124,839$984,743$1,498,625
53$1,880,404$1,151,371$989,146$1,586,425
54$2,042,720$1,178,303$992,797$1,681,616
55$2,220,663$1,205,625$995,642$1,784,922
56$2,415,799$1,233,329$997,623$1,897,139
57$2,629,850$1,261,401$998,683$2,019,146
58$2,864,714$1,289,830$998,759$2,151,911
59$3,122,484$1,318,600$997,786$2,296,501
60$3,405,461$1,347,696$995,696$2,454,091
61$3,716,183$1,377,098$992,417$2,625,976
62$4,057,445$1,406,787$987,874$2,813,584
63$4,432,326$1,436,741$981,989$3,018,487
64$4,844,216$1,466,934$974,679$3,242,419
65$5,296,853$1,497,340$965,857$3,487,291
66$5,794,352$1,527,930$955,434$3,755,208
67$6,341,248$1,558,671$943,313$4,048,492
68$6,942,538$1,589,529$929,397$4,369,699
69$7,603,726$1,620,465$913,580$4,721,648
70$8,330,876$1,651,437$895,755$5,107,448
71$9,130,670$1,682,402$875,807$5,530,521
72$10,010,468$1,713,310$853,618$5,994,644
73$10,978,384$1,744,110$829,061$6,503,976
74$12,043,352$1,774,745$802,008$7,063,102
75$13,215,220$1,805,153$772,321$7,677,076
76$14,504,837$1,835,270$739,859$8,351,469
77$15,924,158$1,865,026$704,471$9,092,420
78$17,486,354$1,894,344$666,003$9,906,697
79$19,205,938$1,923,143$624,290$10,801,759
80$21,098,904$1,951,337$579,164$11,785,827
81$23,182,872$1,978,832$530,446$12,867,961
82$25,477,258$2,005,529$477,949$14,058,150
83$28,003,459$2,031,320$421,481$15,367,401
84$30,785,049$2,056,092$360,838$16,807,848
85$33,848,006$2,079,722$295,808$18,392,862
86$37,220,956$2,102,082$226,171$20,137,185
87$40,935,441$2,123,031$151,695$22,057,060
88$45,026,218$2,142,422$72,139$24,170,392
89$49,531,589$2,160,098$0$26,496,918
90$54,493,758$2,175,889$0$29,060,566
91$59,959,231$2,189,617$0$31,896,415
92$65,979,256$2,201,092$0$35,018,606
93$72,610,306$2,210,111$0$38,456,309
94$79,914,609$2,216,459$0$42,241,671
95$87,960,740$2,219,906$0$46,410,121
96$96,824,264$2,220,210$0$51,000,701
97$106,588,451$2,217,112$0$56,056,440
98$117,345,060$2,210,338$0$61,624,758
99$129,195,207$2,199,596$0$67,757,913
100$142,250,320$2,184,578$0$74,513,496