Can I retire at age 45 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$74,734$74,068$73,419$72,785$72,166$69,303
2 years$36,997$36,308$35,640$34,993$34,365$31,516
3 years$24,420$23,728$23,062$22,420$21,802$19,057
4 years$18,132$17,442$16,783$16,152$15,550$12,929
5 years$14,361$13,675$13,024$12,407$11,821$9,331
6 years$11,847$11,167$10,526$9,922$9,353$6,997
7 years$10,053$9,378$8,747$8,157$7,607$5,382
8 years$8,707$8,038$7,418$6,843$6,310$4,216
9 years$7,661$6,999$6,389$5,829$5,314$3,346
10 years$6,825$6,169$5,570$5,024$4,528$2,683
11 years$6,141$5,492$4,904$4,373$3,894$2,168
12 years$5,572$4,929$4,352$3,835$3,375$1,762
13 years$5,091$4,455$3,888$3,386$2,943$1,439
14 years$4,678$4,049$3,494$3,006$2,580$1,180
15 years$4,322$3,699$3,154$2,681$2,271$970
16 years$4,009$3,394$2,860$2,400$2,007$800
17 years$3,734$3,126$2,602$2,157$1,780$661
18 years$3,490$2,888$2,376$1,944$1,583$547
19 years$3,272$2,677$2,175$1,756$1,411$453
20 years$3,076$2,487$1,996$1,591$1,260$376
21 years$2,899$2,317$1,836$1,443$1,128$312
22 years$2,738$2,163$1,692$1,312$1,011$259
23 years$2,591$2,023$1,562$1,195$907$216
24 years$2,457$1,895$1,445$1,090$815$179
25 years$2,333$1,779$1,338$996$734$149
26 years$2,220$1,672$1,241$910$661$124
27 years$2,114$1,573$1,152$833$596$103
28 years$2,017$1,482$1,071$763$538$86
29 years$1,927$1,398$997$700$486$72
30 years$1,842$1,321$929$643$439$60
31 years$1,763$1,248$866$590$397$50
32 years$1,690$1,181$808$542$359$42
33 years$1,621$1,119$754$499$325$35
34 years$1,556$1,060$705$459$294$29
35 years$1,495$1,006$659$422$266$24
36 years$1,437$955$616$389$241$20
37 years$1,383$907$577$358$219$17
38 years$1,332$862$540$330$198$14
39 years$1,283$819$506$305$180$12
40 years$1,237$779$474$281$163$10
41 years$1,194$742$445$259$148$8
42 years$1,152$707$417$239$134$7
43 years$1,113$673$392$221$122$6
44 years$1,075$642$368$204$111$5
45 years$1,040$612$345$188$100$4
46 years$1,005$584$324$174$91$3
47 years$973$557$305$161$83$3
48 years$942$532$286$149$75$2
49 years$912$508$269$137$68$2
50 years$884$485$253$127$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $905,000, adding $2,440 every year, while hoping to spend $58,353 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: 61/16/23 Blend
44$905,000$905,000$905,000$905,000
45$999,827$951,862$937,834$1,054,596
46$1,039,722$936,416$907,165$1,076,556
47$1,081,731$918,257$873,512$1,093,900
48$1,126,007$897,192$836,714$1,111,538
49$1,172,719$873,013$796,603$1,129,507
50$1,222,048$845,503$753,002$1,147,853
51$1,274,196$814,431$705,726$1,166,627
52$1,329,378$779,553$654,582$1,185,888
53$1,387,834$740,610$599,369$1,205,705
54$1,449,822$697,329$539,877$1,226,158
55$1,515,626$649,420$475,885$1,247,336
56$1,585,557$596,579$407,164$1,269,341
57$1,659,953$538,481$333,474$1,292,292
58$1,739,188$474,786$254,565$1,316,321
59$1,823,667$405,132$170,174$1,341,580
60$1,913,835$329,138$80,030$1,368,238
61$2,010,182$246,401$0$1,396,489
62$2,113,242$156,496$0$1,430,519
63$2,223,602$58,973$0$1,487,823
64$2,341,904$0$0$1,549,092
65$2,468,856$0$0$1,622,929
66$2,605,232$0$0$1,713,447
67$2,751,881$0$0$1,810,836
68$2,909,737$0$0$1,915,720
69$3,079,825$0$0$2,028,788
70$3,263,271$0$0$2,150,796
71$3,461,311$0$0$2,282,573
72$3,675,305$0$0$2,425,032
73$3,906,746$0$0$2,579,176
74$4,157,275$0$0$2,746,106
75$4,428,698$0$0$2,927,034
76$4,722,998$0$0$3,123,293
77$5,042,359$0$0$3,336,347
78$5,389,178$0$0$3,567,810
79$5,766,097$0$0$3,819,453
80$6,176,020$0$0$4,093,227
81$6,622,140$0$0$4,391,278
82$7,107,974$0$0$4,715,967
83$7,637,390$0$0$5,069,893
84$8,214,645$0$0$5,455,916
85$8,844,424$0$0$5,877,183
86$9,531,886$0$0$6,337,160
87$10,282,706$0$0$6,839,660
88$11,103,135$0$0$7,388,882
89$12,000,053$0$0$7,989,450
90$12,981,035$0$0$8,646,453
91$14,054,422$0$0$9,365,496
92$15,229,399$0$0$10,152,751
93$16,516,077$0$0$11,015,012
94$17,925,596$0$0$11,959,764
95$19,470,218$0$0$12,995,250
96$21,163,453$0$0$14,130,546
97$23,020,177$0$0$15,375,651
98$25,056,776$0$0$16,741,576
99$27,291,296$0$0$18,240,449
100$29,743,618$0$0$19,885,632