Can I retire at age 45 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$74,569$73,905$73,257$72,624$72,006$69,479
2 years$36,915$36,228$35,561$34,915$34,289$31,769
3 years$24,366$23,675$23,011$22,371$21,754$19,321
4 years$18,092$17,404$16,746$16,117$15,515$13,188
5 years$14,329$13,645$12,995$12,379$11,794$9,579
6 years$11,821$11,142$10,502$9,900$9,333$7,230
7 years$10,030$9,357$8,727$8,139$7,590$5,600
8 years$8,688$8,021$7,402$6,828$6,297$4,418
9 years$7,644$6,983$6,375$5,816$5,303$3,533
10 years$6,810$6,156$5,558$5,013$4,518$2,854
11 years$6,128$5,480$4,893$4,363$3,886$2,324
12 years$5,560$4,919$4,342$3,827$3,367$1,904
13 years$5,080$4,445$3,880$3,379$2,936$1,568
14 years$4,668$4,040$3,486$2,999$2,574$1,296
15 years$4,312$3,691$3,147$2,675$2,266$1,075
16 years$4,001$3,386$2,854$2,395$2,003$894
17 years$3,726$3,119$2,597$2,152$1,776$745
18 years$3,483$2,882$2,370$1,939$1,579$622
19 years$3,265$2,671$2,170$1,752$1,408$520
20 years$3,069$2,482$1,991$1,587$1,257$436
21 years$2,892$2,312$1,832$1,440$1,125$365
22 years$2,732$2,158$1,688$1,310$1,008$306
23 years$2,585$2,018$1,559$1,193$905$257
24 years$2,451$1,891$1,442$1,088$814$216
25 years$2,328$1,775$1,335$993$732$181
26 years$2,215$1,668$1,238$908$660$152
27 years$2,110$1,570$1,150$831$595$128
28 years$2,013$1,479$1,069$762$537$108
29 years$1,922$1,395$995$699$484$91
30 years$1,838$1,318$927$641$438$76
31 years$1,760$1,246$864$589$396$64
32 years$1,686$1,179$806$541$358$54
33 years$1,617$1,116$753$498$324$46
34 years$1,552$1,058$703$458$293$38
35 years$1,492$1,003$657$421$266$32
36 years$1,434$952$615$388$241$27
37 years$1,380$905$576$358$218$23
38 years$1,329$860$539$330$198$19
39 years$1,280$817$505$304$179$16
40 years$1,235$778$473$280$163$14
41 years$1,191$740$444$259$148$12
42 years$1,150$705$416$239$134$10
43 years$1,110$672$391$220$122$8
44 years$1,073$640$367$203$110$7
45 years$1,037$611$344$188$100$6
46 years$1,003$583$323$174$91$5
47 years$971$556$304$160$83$4
48 years$940$531$286$148$75$3
49 years$910$507$268$137$68$3
50 years$882$484$252$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $903,000, adding $4,716 every year, while hoping to spend $51,684 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: 63/17/20 Blend
44$903,000$903,000$903,000$903,000
45$999,971$952,112$938,115$1,057,552
46$1,046,976$943,774$914,551$1,088,575
47$1,097,044$933,295$888,464$1,116,212
48$1,150,432$920,516$859,718$1,145,198
49$1,207,423$905,268$828,165$1,175,669
50$1,268,325$887,371$793,653$1,207,777
51$1,333,479$866,637$756,025$1,241,691
52$1,403,255$842,864$715,114$1,277,598
53$1,478,062$815,839$670,745$1,315,709
54$1,558,348$785,338$622,738$1,356,256
55$1,644,602$751,122$570,902$1,399,499
56$1,737,364$712,940$515,040$1,445,726
57$1,837,226$670,525$454,945$1,495,257
58$1,944,837$623,595$390,400$1,548,450
59$2,060,912$571,852$321,179$1,605,700
60$2,186,233$514,981$247,047$1,667,447
61$2,321,664$452,650$167,758$1,734,178
62$2,468,150$384,506$83,054$1,806,436
63$2,626,732$310,178$0$1,884,821
64$2,798,555$229,273$0$1,971,566
65$2,984,876$141,376$0$2,084,861
66$3,187,080$46,050$0$2,207,846
67$3,406,687$0$0$2,341,493
68$3,645,372$0$0$2,497,572
69$3,904,976$0$0$2,676,757
70$4,187,524$0$0$2,871,838
71$4,495,245$0$0$3,084,362
72$4,830,593$0$0$3,316,031
73$5,196,267$0$0$3,568,717
74$5,595,237$0$0$3,844,483
75$6,030,775$0$0$4,145,597
76$6,506,479$0$0$4,474,557
77$7,026,313$0$0$4,834,114
78$7,594,639$0$0$5,227,295
79$8,216,261$0$0$5,657,434
80$8,896,468$0$0$6,128,200
81$9,641,084$0$0$6,643,637
82$10,456,522$0$0$7,208,195
83$11,349,844$0$0$7,826,775
84$12,328,828$0$0$8,504,776
85$13,402,039$0$0$9,248,143
86$14,578,911$0$0$10,063,423
87$15,869,835$0$0$10,957,828
88$17,286,255$0$0$11,939,303
89$18,840,778$0$0$13,016,598
90$20,547,288$0$0$14,199,350
91$22,421,082$0$0$15,498,177
92$24,479,010$0$0$16,924,776
93$26,739,631$0$0$18,492,029
94$29,223,395$0$0$20,214,132
95$31,952,826$0$0$22,106,720
96$34,952,742$0$0$24,187,021
97$38,250,483$0$0$26,474,013
98$41,876,168$0$0$28,988,606
99$45,862,984$0$0$31,753,836
100$50,247,491$0$0$34,795,083