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%
1 years$74,569$73,905$73,257$72,624$72,006$69,674
2 years$36,915$36,228$35,561$34,915$34,289$31,960
3 years$24,366$23,675$23,011$22,371$21,754$19,503
4 years$18,092$17,404$16,746$16,117$15,515$13,359
5 years$14,329$13,645$12,995$12,379$11,794$9,739
6 years$11,821$11,142$10,502$9,900$9,333$7,379
7 years$10,030$9,357$8,727$8,139$7,590$5,738
8 years$8,688$8,021$7,402$6,828$6,297$4,546
9 years$7,644$6,983$6,375$5,816$5,303$3,651
10 years$6,810$6,156$5,558$5,013$4,518$2,962
11 years$6,128$5,480$4,893$4,363$3,886$2,423
12 years$5,560$4,919$4,342$3,827$3,367$1,995
13 years$5,080$4,445$3,880$3,379$2,936$1,650
14 years$4,668$4,040$3,486$2,999$2,574$1,371
15 years$4,312$3,691$3,147$2,675$2,266$1,143
16 years$4,001$3,386$2,854$2,395$2,003$955
17 years$3,726$3,119$2,597$2,152$1,776$800
18 years$3,483$2,882$2,370$1,939$1,579$672
19 years$3,265$2,671$2,170$1,752$1,408$565
20 years$3,069$2,482$1,991$1,587$1,257$475
21 years$2,892$2,312$1,832$1,440$1,125$400
22 years$2,732$2,158$1,688$1,310$1,008$338
23 years$2,585$2,018$1,559$1,193$905$285
24 years$2,451$1,891$1,442$1,088$814$241
25 years$2,328$1,775$1,335$993$732$203
26 years$2,215$1,668$1,238$908$660$172
27 years$2,110$1,570$1,150$831$595$145
28 years$2,013$1,479$1,069$762$537$123
29 years$1,922$1,395$995$699$484$104
30 years$1,838$1,318$927$641$438$88
31 years$1,760$1,246$864$589$396$75
32 years$1,686$1,179$806$541$358$63
33 years$1,617$1,116$753$498$324$53
34 years$1,552$1,058$703$458$293$45
35 years$1,492$1,003$657$421$266$38
36 years$1,434$952$615$388$241$32
37 years$1,380$905$576$358$218$28
38 years$1,329$860$539$330$198$23
39 years$1,280$817$505$304$179$20
40 years$1,235$778$473$280$163$17
41 years$1,191$740$444$259$148$14
42 years$1,150$705$416$239$134$12
43 years$1,110$672$391$220$122$10
44 years$1,073$640$367$203$110$9
45 years$1,037$611$344$188$100$7
46 years$1,003$583$323$174$91$6
47 years$971$556$304$160$83$5
48 years$940$531$286$148$75$4
49 years$910$507$268$137$68$4
50 years$882$484$252$127$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $903,000, adding $6,768 every year, while hoping to spend $43,106 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: 68/14/18 Blend
44$903,000$903,000$903,000$903,000
45$1,002,087$954,228$940,232$1,065,399
46$1,058,436$955,121$925,865$1,109,429
47$1,119,087$954,613$909,572$1,151,892
48$1,184,434$952,589$891,244$1,197,277
49$1,254,910$948,930$870,764$1,245,868
50$1,330,989$943,505$848,012$1,297,979
51$1,413,192$936,179$822,863$1,353,959
52$1,502,092$926,807$795,184$1,414,191
53$1,598,321$915,235$764,837$1,479,099
54$1,702,570$901,302$731,679$1,549,152
55$1,815,600$884,834$695,559$1,624,867
56$1,938,250$865,649$656,319$1,706,815
57$2,071,440$843,554$613,794$1,795,628
58$2,216,183$818,345$567,812$1,892,004
59$2,373,593$789,804$518,194$1,996,712
60$2,544,898$757,702$464,751$2,110,602
61$2,731,445$721,798$407,288$2,234,614
62$2,934,720$681,833$345,600$2,369,784
63$3,156,356$637,537$279,472$2,517,257
64$3,398,151$588,623$208,680$2,678,297
65$3,662,084$534,787$132,993$2,854,299
66$3,950,333$475,709$52,166$3,046,803
67$4,265,298$411,050$0$3,257,511
68$4,609,619$340,451$0$3,494,845
69$4,986,201$263,535$0$3,765,449
70$5,398,247$179,901$0$4,061,631
71$5,849,280$89,128$0$4,385,971
72$6,343,182$0$0$4,741,311
73$6,884,226$0$0$5,132,205
74$7,477,118$0$0$5,575,659
75$8,127,043$0$0$6,061,823
76$8,839,708$0$0$6,594,976
77$9,621,402$0$0$7,179,828
78$10,479,050$0$0$7,821,568
79$11,420,281$0$0$8,525,912
80$12,453,497$0$0$9,299,155
81$13,587,954$0$0$10,148,232
82$14,833,848$0$0$11,080,783
83$16,202,410$0$0$12,105,223
84$17,706,014$0$0$13,230,823
85$19,358,292$0$0$14,467,797
86$21,174,258$0$0$15,827,396
87$23,170,459$0$0$17,322,017
88$25,365,119$0$0$18,965,316
89$27,778,319$0$0$20,772,339
90$30,432,184$0$0$22,759,665
91$33,351,087$0$0$24,945,558
92$36,561,886$0$0$27,350,140
93$40,094,170$0$0$29,995,584
94$43,980,540$0$0$32,906,318
95$48,256,917$0$0$36,109,260
96$52,962,882$0$0$39,634,067
97$58,142,044$0$0$43,513,416
98$63,842,453$0$0$47,783,314
99$70,117,058$0$0$52,483,435
100$77,024,196$0$0$57,657,494