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%13.2%
1 years$74,651$73,987$73,338$72,705$72,086$71,126
2 years$36,956$36,268$35,601$34,954$34,327$33,361
3 years$24,393$23,701$23,036$22,395$21,778$20,837
4 years$18,112$17,423$16,764$16,135$15,532$14,623
5 years$14,345$13,660$13,010$12,393$11,808$10,932
6 years$11,834$11,154$10,514$9,911$9,343$8,503
7 years$10,042$9,367$8,737$8,148$7,598$6,794
8 years$8,698$8,030$7,410$6,835$6,304$5,535
9 years$7,653$6,991$6,382$5,822$5,308$4,575
10 years$6,818$6,162$5,564$5,019$4,523$3,824
11 years$6,135$5,486$4,898$4,368$3,890$3,225
12 years$5,566$4,924$4,347$3,831$3,371$2,739
13 years$5,085$4,450$3,884$3,382$2,940$2,340
14 years$4,673$4,045$3,490$3,002$2,577$2,009
15 years$4,317$3,695$3,151$2,678$2,269$1,731
16 years$4,005$3,390$2,857$2,398$2,005$1,497
17 years$3,730$3,122$2,599$2,154$1,778$1,299
18 years$3,486$2,885$2,373$1,941$1,581$1,129
19 years$3,268$2,674$2,172$1,754$1,409$984
20 years$3,072$2,485$1,994$1,589$1,259$858
21 years$2,895$2,314$1,834$1,442$1,126$750
22 years$2,735$2,160$1,690$1,311$1,010$657
23 years$2,588$2,021$1,561$1,194$906$575
24 years$2,454$1,893$1,443$1,089$815$505
25 years$2,331$1,777$1,337$995$733$443
26 years$2,217$1,670$1,240$909$660$389
27 years$2,112$1,571$1,151$832$595$342
28 years$2,015$1,481$1,070$763$537$301
29 years$1,924$1,397$996$699$485$265
30 years$1,840$1,319$928$642$438$233
31 years$1,762$1,247$865$589$396$205
32 years$1,688$1,180$807$542$358$181
33 years$1,619$1,117$753$498$324$160
34 years$1,554$1,059$704$458$294$141
35 years$1,493$1,005$658$422$266$124
36 years$1,436$953$616$389$241$109
37 years$1,382$906$576$358$218$97
38 years$1,330$861$540$330$198$85
39 years$1,282$818$506$304$180$75
40 years$1,236$779$474$281$163$66
41 years$1,192$741$444$259$148$59
42 years$1,151$706$417$239$134$52
43 years$1,112$673$391$221$122$46
44 years$1,074$641$367$204$110$40
45 years$1,038$611$345$188$100$36
46 years$1,004$583$324$174$91$31
47 years$972$557$304$161$83$28
48 years$941$531$286$148$75$24
49 years$911$507$269$137$68$22
50 years$883$485$253$127$62$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $904,000, adding $3,858 every year, while hoping to spend $40,186 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: 51/20/29 Blend
44$904,000$904,000$904,000$904,000
45$1,000,188$952,276$938,264$1,042,840
46$1,059,449$956,179$926,938$1,076,914
47$1,123,408$958,928$913,886$1,109,621
48$1,192,502$960,421$899,007$1,144,407
49$1,267,211$960,555$882,197$1,181,487
50$1,348,061$959,218$863,346$1,221,102
51$1,435,634$956,289$842,338$1,263,517
52$1,530,566$951,645$819,054$1,309,031
53$1,633,559$945,151$793,367$1,357,970
54$1,745,383$936,665$765,147$1,410,699
55$1,866,888$926,037$734,255$1,467,622
56$1,999,006$913,108$700,547$1,529,187
57$2,142,763$897,709$663,874$1,595,890
58$2,299,288$879,660$624,078$1,668,282
59$2,469,826$858,774$580,994$1,746,972
60$2,655,742$834,848$534,452$1,832,636
61$2,858,543$807,670$484,271$1,926,021
62$3,079,884$777,016$430,264$2,027,955
63$3,321,591$742,648$372,236$2,139,355
64$3,585,669$704,314$309,982$2,261,234
65$3,874,329$661,748$243,289$2,394,716
66$4,190,005$614,668$171,933$2,541,042
67$4,535,376$562,776$95,683$2,701,587
68$4,913,391$505,759$14,295$2,877,868
69$5,327,299$443,283$0$3,071,567
70$5,780,676$374,997$0$3,306,992
71$6,277,464$300,530$0$3,569,927
72$6,821,998$219,490$0$3,858,296
73$7,419,059$131,462$0$4,174,700
74$8,073,908$36,008$0$4,522,002
75$8,792,343$0$0$4,903,364
76$9,580,746$0$0$5,337,087
77$10,446,152$0$0$5,821,967
78$11,396,307$0$0$6,354,430
79$12,439,744$0$0$6,939,271
80$13,585,863$0$0$7,581,771
81$14,845,020$0$0$8,287,750
82$16,228,623$0$0$9,063,616
83$17,749,241$0$0$9,916,431
84$19,420,718$0$0$10,853,977
85$21,258,309$0$0$11,884,823
86$23,278,820$0$0$13,018,413
87$25,500,766$0$0$14,265,151
88$27,944,547$0$0$15,636,501
89$30,632,638$0$0$17,145,092
90$33,589,804$0$0$18,804,840
91$36,843,330$0$0$20,631,077
92$40,423,276$0$0$22,640,697
93$44,362,768$0$0$24,852,314
94$48,698,302$0$0$27,286,437
95$53,470,093$0$0$29,965,664
96$58,722,449$0$0$32,914,897
97$64,504,196$0$0$36,161,574
98$70,869,131$0$0$39,735,925
99$77,876,533$0$0$43,671,266
100$85,591,720$0$0$48,004,303