Can I retire at age 45 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$74,817$74,150$73,500$72,865$72,246$71,195
2 years$37,038$36,348$35,680$35,031$34,403$33,347
3 years$24,447$23,754$23,087$22,445$21,826$20,798
4 years$18,152$17,462$16,801$16,170$15,567$14,573
5 years$14,377$13,690$13,039$12,420$11,834$10,878
6 years$11,860$11,179$10,537$9,933$9,364$8,447
7 years$10,064$9,388$8,756$8,166$7,615$6,738
8 years$8,717$8,047$7,426$6,850$6,317$5,480
9 years$7,670$7,007$6,396$5,835$5,320$4,521
10 years$6,833$6,176$5,576$5,030$4,533$3,772
11 years$6,148$5,498$4,909$4,377$3,899$3,175
12 years$5,578$4,935$4,357$3,840$3,378$2,692
13 years$5,096$4,460$3,893$3,390$2,946$2,295
14 years$4,684$4,054$3,497$3,009$2,583$1,966
15 years$4,326$3,703$3,158$2,684$2,274$1,691
16 years$4,014$3,398$2,863$2,403$2,010$1,460
17 years$3,739$3,129$2,605$2,159$1,782$1,263
18 years$3,494$2,891$2,378$1,946$1,584$1,096
19 years$3,276$2,680$2,177$1,758$1,412$953
20 years$3,079$2,490$1,998$1,592$1,261$830
21 years$2,902$2,319$1,838$1,445$1,129$723
22 years$2,741$2,165$1,694$1,314$1,012$632
23 years$2,594$2,025$1,564$1,197$908$552
24 years$2,459$1,897$1,446$1,091$816$483
25 years$2,336$1,780$1,340$997$735$423
26 years$2,222$1,673$1,242$911$662$371
27 years$2,117$1,575$1,154$834$597$325
28 years$2,019$1,484$1,073$764$538$286
29 years$1,929$1,400$998$701$486$251
30 years$1,844$1,322$930$643$439$220
31 years$1,765$1,250$867$591$397$193
32 years$1,692$1,183$809$543$359$170
33 years$1,623$1,120$755$499$325$149
34 years$1,558$1,061$705$459$294$131
35 years$1,496$1,007$660$423$267$116
36 years$1,439$956$617$389$242$102
37 years$1,385$908$578$359$219$90
38 years$1,333$863$541$331$198$79
39 years$1,285$820$507$305$180$69
40 years$1,239$780$475$281$163$61
41 years$1,195$743$445$260$148$54
42 years$1,153$707$418$239$134$47
43 years$1,114$674$392$221$122$42
44 years$1,076$642$368$204$111$37
45 years$1,041$613$345$189$100$32
46 years$1,007$584$324$174$91$28
47 years$974$558$305$161$83$25
48 years$943$532$286$149$75$22
49 years$913$508$269$137$68$19
50 years$885$486$253$127$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $906,000, adding $3,067 every year, while hoping to spend $23,694 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: 60/12/28 Blend
44$906,000$906,000$906,000$906,000
45$1,001,576$953,558$939,515$1,053,910
46$1,078,526$975,072$945,778$1,111,480
47$1,162,531$996,846$951,457$1,171,470
48$1,254,286$1,018,868$956,508$1,236,434
49$1,354,555$1,041,124$960,882$1,306,864
50$1,464,179$1,063,599$964,532$1,383,300
51$1,584,087$1,086,276$967,405$1,466,337
52$1,715,297$1,109,138$969,446$1,556,633
53$1,858,935$1,132,162$970,600$1,654,911
54$2,016,237$1,155,329$970,805$1,761,971
55$2,188,565$1,178,613$970,000$1,878,690
56$2,377,422$1,201,988$968,118$2,006,040
57$2,584,459$1,225,425$965,090$2,145,090
58$2,811,497$1,248,894$960,844$2,297,018
59$3,060,540$1,272,361$955,303$2,463,124
60$3,333,798$1,295,789$948,388$2,644,841
61$3,633,702$1,319,139$940,015$2,843,748
62$3,962,931$1,342,369$930,098$3,061,585
63$4,324,438$1,365,432$918,544$3,300,273
64$4,721,473$1,388,281$905,257$3,561,927
65$5,157,618$1,410,861$890,138$3,848,879
66$5,636,817$1,433,116$873,080$4,163,700
67$6,163,419$1,454,985$853,974$4,509,226
68$6,742,211$1,476,402$832,706$4,888,581
69$7,378,468$1,497,297$809,153$5,305,209
70$8,078,003$1,517,596$783,191$5,762,908
71$8,847,219$1,537,218$754,688$6,265,863
72$9,693,171$1,556,077$723,505$6,818,689
73$10,623,631$1,574,082$689,499$7,426,471
74$11,647,163$1,591,134$652,519$8,094,816
75$12,773,203$1,607,129$612,408$8,829,904
76$14,012,148$1,621,956$569,001$9,638,549
77$15,375,451$1,635,495$522,127$10,528,259
78$16,875,734$1,647,621$471,605$11,507,311
79$18,526,903$1,658,199$417,248$12,584,830
80$20,344,282$1,667,086$358,861$13,770,872
81$22,344,753$1,674,128$296,238$15,076,523
82$24,546,922$1,679,164$229,165$16,514,001
83$26,971,287$1,682,022$157,421$18,096,775
84$29,640,435$1,682,518$80,771$19,839,688
85$32,579,255$1,680,457$0$21,759,103
86$35,815,173$1,675,634$0$23,873,362
87$39,378,409$1,667,828$0$26,227,806
88$43,302,263$1,656,808$0$28,820,268
89$47,623,429$1,642,326$0$31,674,978
90$52,382,340$1,624,122$0$34,818,637
91$57,623,552$1,601,917$0$38,280,669
92$63,396,161$1,575,417$0$42,093,500
93$69,754,269$1,544,312$0$46,292,861
94$76,757,492$1,508,271$0$50,918,129
95$84,471,525$1,466,946$0$56,012,697
96$92,968,760$1,419,965$0$61,624,381
97$102,328,969$1,366,939$0$67,805,879
98$112,640,056$1,307,452$0$74,615,260
99$123,998,892$1,241,066$0$82,116,517
100$136,512,219$1,167,319$0$90,380,171