Can I retire at age 45 with 904,000?

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 $904,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$74,651$73,987$73,338$72,705$72,086$70,031
2 years$36,956$36,268$35,601$34,954$34,327$32,273
3 years$24,393$23,701$23,036$22,395$21,778$19,789
4 years$18,112$17,423$16,764$16,135$15,532$13,623
5 years$14,345$13,660$13,010$12,393$11,808$9,984
6 years$11,834$11,154$10,514$9,911$9,343$7,606
7 years$10,042$9,367$8,737$8,148$7,598$5,949
8 years$8,698$8,030$7,410$6,835$6,304$4,740
9 years$7,653$6,991$6,382$5,822$5,308$3,830
10 years$6,818$6,162$5,564$5,019$4,523$3,127
11 years$6,135$5,486$4,898$4,368$3,890$2,575
12 years$5,566$4,924$4,347$3,831$3,371$2,134
13 years$5,085$4,450$3,884$3,382$2,940$1,777
14 years$4,673$4,045$3,490$3,002$2,577$1,487
15 years$4,317$3,695$3,151$2,678$2,269$1,248
16 years$4,005$3,390$2,857$2,398$2,005$1,051
17 years$3,730$3,122$2,599$2,154$1,778$887
18 years$3,486$2,885$2,373$1,941$1,581$750
19 years$3,268$2,674$2,172$1,754$1,409$635
20 years$3,072$2,485$1,994$1,589$1,259$539
21 years$2,895$2,314$1,834$1,442$1,126$457
22 years$2,735$2,160$1,690$1,311$1,010$389
23 years$2,588$2,021$1,561$1,194$906$331
24 years$2,454$1,893$1,443$1,089$815$281
25 years$2,331$1,777$1,337$995$733$240
26 years$2,217$1,670$1,240$909$660$204
27 years$2,112$1,571$1,151$832$595$174
28 years$2,015$1,481$1,070$763$537$149
29 years$1,924$1,397$996$699$485$127
30 years$1,840$1,319$928$642$438$108
31 years$1,762$1,247$865$589$396$92
32 years$1,688$1,180$807$542$358$79
33 years$1,619$1,117$753$498$324$67
34 years$1,554$1,059$704$458$294$57
35 years$1,493$1,005$658$422$266$49
36 years$1,436$953$616$389$241$42
37 years$1,382$906$576$358$218$36
38 years$1,330$861$540$330$198$31
39 years$1,282$818$506$304$180$26
40 years$1,236$779$474$281$163$22
41 years$1,192$741$444$259$148$19
42 years$1,151$706$417$239$134$16
43 years$1,112$673$391$221$122$14
44 years$1,074$641$367$204$110$12
45 years$1,038$611$345$188$100$10
46 years$1,004$583$324$174$91$9
47 years$972$557$304$161$83$7
48 years$941$531$286$148$75$6
49 years$911$507$269$137$68$5
50 years$883$485$253$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $904,000, adding $4,644 every year, while hoping to spend $24,636 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: 33/43/24 Blend
44$904,000$904,000$904,000$904,000
45$1,000,998$953,086$939,074$1,026,559
46$1,076,888$973,575$944,321$1,066,646
47$1,159,692$994,242$948,917$1,107,273
48$1,250,091$1,015,070$952,816$1,150,563
49$1,348,831$1,036,040$955,967$1,196,766
50$1,456,738$1,057,131$958,317$1,246,161
51$1,574,715$1,078,321$959,811$1,299,052
52$1,703,763$1,099,585$960,392$1,355,778
53$1,844,978$1,120,897$959,997$1,416,710
54$1,999,572$1,142,227$958,562$1,482,259
55$2,168,876$1,163,544$956,022$1,552,880
56$2,354,358$1,184,813$952,305$1,629,073
57$2,557,632$1,206,000$947,337$1,711,391
58$2,780,480$1,227,062$941,042$1,800,444
59$3,024,860$1,247,959$933,338$1,896,905
60$3,292,930$1,268,644$924,140$2,001,518
61$3,587,070$1,289,069$913,359$2,115,104
62$3,909,897$1,309,179$900,902$2,238,567
63$4,264,296$1,328,918$886,672$2,372,906
64$4,653,444$1,348,225$870,566$2,519,226
65$5,080,843$1,367,036$852,477$2,678,743
66$5,550,349$1,385,280$832,295$2,852,800
67$6,066,208$1,402,882$809,900$3,042,879
68$6,633,101$1,419,764$785,172$3,250,616
69$7,256,184$1,435,839$757,982$3,477,815
70$7,941,136$1,451,016$728,196$3,726,469
71$8,694,215$1,465,199$695,673$3,998,773
72$9,522,316$1,478,285$660,269$4,297,154
73$10,433,033$1,490,162$621,829$4,624,284
74$11,434,736$1,500,713$580,194$4,983,115
75$12,536,645$1,509,814$535,196$5,376,903
76$13,748,919$1,517,331$486,661$5,809,238
77$15,082,751$1,523,123$434,407$6,284,082
78$16,550,475$1,527,039$378,243$6,805,805
79$18,165,678$1,528,919$317,969$7,379,228
80$19,943,335$1,528,593$253,379$8,009,667
81$21,899,943$1,525,882$184,254$8,702,987
82$24,053,680$1,520,593$110,370$9,465,656
83$26,424,576$1,512,523$31,488$10,304,809
84$29,034,702$1,501,456$0$11,228,312
85$31,908,379$1,487,164$0$12,258,337
86$35,072,402$1,469,404$0$13,400,442
87$38,556,301$1,447,918$0$14,657,177
88$42,392,613$1,422,435$0$16,040,250
89$46,617,191$1,392,666$0$17,562,569
90$51,269,542$1,358,305$0$19,238,363
91$56,393,202$1,319,028$0$21,083,318
92$62,036,141$1,274,493$0$23,114,723
93$68,251,221$1,224,337$0$25,351,638
94$75,096,692$1,168,176$0$27,815,073
95$82,636,743$1,105,605$0$30,528,185
96$90,942,104$1,036,193$0$33,516,504
97$100,090,719$959,487$0$36,808,169
98$110,168,478$875,007$0$40,434,196
99$121,270,026$782,246$0$44,428,776
100$133,499,659$680,666$0$48,829,593