Can I retire at age 45 with 904,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$74,651$73,987$73,338$72,705$72,086$70,631
2 years$36,956$36,268$35,601$34,954$34,327$32,867
3 years$24,393$23,701$23,036$22,395$21,778$20,359
4 years$18,112$17,423$16,764$16,135$15,532$14,165
5 years$14,345$13,660$13,010$12,393$11,808$10,496
6 years$11,834$11,154$10,514$9,911$9,343$8,089
7 years$10,042$9,367$8,737$8,148$7,598$6,402
8 years$8,698$8,030$7,410$6,835$6,304$5,164
9 years$7,653$6,991$6,382$5,822$5,308$4,226
10 years$6,818$6,162$5,564$5,019$4,523$3,496
11 years$6,135$5,486$4,898$4,368$3,890$2,917
12 years$5,566$4,924$4,347$3,831$3,371$2,450
13 years$5,085$4,450$3,884$3,382$2,940$2,070
14 years$4,673$4,045$3,490$3,002$2,577$1,757
15 years$4,317$3,695$3,151$2,678$2,269$1,497
16 years$4,005$3,390$2,857$2,398$2,005$1,279
17 years$3,730$3,122$2,599$2,154$1,778$1,096
18 years$3,486$2,885$2,373$1,941$1,581$941
19 years$3,268$2,674$2,172$1,754$1,409$810
20 years$3,072$2,485$1,994$1,589$1,259$698
21 years$2,895$2,314$1,834$1,442$1,126$602
22 years$2,735$2,160$1,690$1,311$1,010$520
23 years$2,588$2,021$1,561$1,194$906$450
24 years$2,454$1,893$1,443$1,089$815$389
25 years$2,331$1,777$1,337$995$733$337
26 years$2,217$1,670$1,240$909$660$292
27 years$2,112$1,571$1,151$832$595$253
28 years$2,015$1,481$1,070$763$537$220
29 years$1,924$1,397$996$699$485$191
30 years$1,840$1,319$928$642$438$166
31 years$1,762$1,247$865$589$396$144
32 years$1,688$1,180$807$542$358$125
33 years$1,619$1,117$753$498$324$109
34 years$1,554$1,059$704$458$294$94
35 years$1,493$1,005$658$422$266$82
36 years$1,436$953$616$389$241$71
37 years$1,382$906$576$358$218$62
38 years$1,330$861$540$330$198$54
39 years$1,282$818$506$304$180$47
40 years$1,236$779$474$281$163$41
41 years$1,192$741$444$259$148$36
42 years$1,151$706$417$239$134$31
43 years$1,112$673$391$221$122$27
44 years$1,074$641$367$204$110$23
45 years$1,038$611$345$188$100$20
46 years$1,004$583$324$174$91$18
47 years$972$557$304$161$83$15
48 years$941$531$286$148$75$13
49 years$911$507$269$137$68$12
50 years$883$485$253$127$62$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $904,000, adding $4,729 every year, while hoping to spend $50,878 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: 73/7/20 Blend
44$904,000$904,000$904,000$904,000
45$1,001,086$953,174$939,162$1,069,037
46$1,049,063$945,746$916,490$1,107,393
47$1,100,228$936,248$891,353$1,142,805
48$1,154,854$924,526$863,616$1,180,303
49$1,213,236$910,416$833,135$1,220,087
50$1,275,703$893,743$799,761$1,262,374
51$1,342,610$874,322$763,339$1,307,407
52$1,414,351$851,958$723,705$1,355,454
53$1,491,356$826,445$680,690$1,406,810
54$1,574,096$797,562$634,115$1,461,802
55$1,663,090$765,079$583,794$1,520,793
56$1,758,907$728,750$529,534$1,584,182
57$1,862,173$688,316$471,130$1,652,410
58$1,973,573$643,502$408,371$1,725,967
59$2,093,862$594,018$341,036$1,805,392
60$2,223,868$539,558$268,893$1,891,282
61$2,364,503$479,796$191,701$1,984,296
62$2,516,767$414,391$109,208$2,085,162
63$2,681,761$342,980$21,150$2,194,685
64$2,860,696$265,181$0$2,313,753
65$3,054,901$180,589$0$2,458,891
66$3,265,842$88,779$0$2,621,467
67$3,495,128$0$0$2,798,226
68$3,744,531$0$0$2,991,383
69$4,015,999$0$0$3,209,108
70$4,311,676$0$0$3,446,289
71$4,633,924$0$0$3,704,822
72$4,985,338$0$0$3,986,796
73$5,368,777$0$0$4,294,511
74$5,787,387$0$0$4,630,495
75$6,244,631$0$0$4,997,536
76$6,744,323$0$0$5,398,698
77$7,290,660$0$0$5,837,359
78$7,888,263$0$0$6,317,235
79$8,542,222$0$0$6,842,419
80$9,258,139$0$0$7,417,417
81$10,042,184$0$0$8,047,193
82$10,901,153$0$0$8,737,213
83$11,842,530$0$0$9,493,494
84$12,874,554$0$0$10,322,666
85$14,006,304$0$0$11,232,029
86$15,247,776$0$0$12,229,627
87$16,609,983$0$0$13,324,314
88$18,105,053$0$0$14,525,849
89$19,746,347$0$0$15,844,978
90$21,548,582$0$0$17,293,539
91$23,527,971$0$0$18,884,573
92$25,702,372$0$0$20,632,446
93$28,091,461$0$0$22,552,983
94$30,716,911$0$0$24,663,621
95$33,602,602$0$0$26,983,565
96$36,774,838$0$0$29,533,979
97$40,262,603$0$0$32,338,174
98$44,097,826$0$0$35,421,836
99$48,315,689$0$0$38,813,265
100$52,954,949$0$0$42,543,639