Can I retire at age 45 with 906,000?

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 $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%14.2%
1 years$74,817$74,150$73,500$72,865$72,246$70,990
2 years$37,038$36,348$35,680$35,031$34,403$33,142
3 years$24,447$23,754$23,087$22,445$21,826$20,600
4 years$18,152$17,462$16,801$16,170$15,567$14,384
5 years$14,377$13,690$13,039$12,420$11,834$10,697
6 years$11,860$11,179$10,537$9,933$9,364$8,275
7 years$10,064$9,388$8,756$8,166$7,615$6,575
8 years$8,717$8,047$7,426$6,850$6,317$5,326
9 years$7,670$7,007$6,396$5,835$5,320$4,376
10 years$6,833$6,176$5,576$5,030$4,533$3,636
11 years$6,148$5,498$4,909$4,377$3,899$3,047
12 years$5,578$4,935$4,357$3,840$3,378$2,571
13 years$5,096$4,460$3,893$3,390$2,946$2,182
14 years$4,684$4,054$3,497$3,009$2,583$1,861
15 years$4,326$3,703$3,158$2,684$2,274$1,593
16 years$4,014$3,398$2,863$2,403$2,010$1,368
17 years$3,739$3,129$2,605$2,159$1,782$1,178
18 years$3,494$2,891$2,378$1,946$1,584$1,017
19 years$3,276$2,680$2,177$1,758$1,412$879
20 years$3,079$2,490$1,998$1,592$1,261$762
21 years$2,902$2,319$1,838$1,445$1,129$661
22 years$2,741$2,165$1,694$1,314$1,012$574
23 years$2,594$2,025$1,564$1,197$908$499
24 years$2,459$1,897$1,446$1,091$816$434
25 years$2,336$1,780$1,340$997$735$378
26 years$2,222$1,673$1,242$911$662$330
27 years$2,117$1,575$1,154$834$597$288
28 years$2,019$1,484$1,073$764$538$251
29 years$1,929$1,400$998$701$486$219
30 years$1,844$1,322$930$643$439$191
31 years$1,765$1,250$867$591$397$167
32 years$1,692$1,183$809$543$359$146
33 years$1,623$1,120$755$499$325$128
34 years$1,558$1,061$705$459$294$112
35 years$1,496$1,007$660$423$267$98
36 years$1,439$956$617$389$242$85
37 years$1,385$908$578$359$219$75
38 years$1,333$863$541$331$198$65
39 years$1,285$820$507$305$180$57
40 years$1,239$780$475$281$163$50
41 years$1,195$743$445$260$148$44
42 years$1,153$707$418$239$134$38
43 years$1,114$674$392$221$122$34
44 years$1,076$642$368$204$111$29
45 years$1,041$613$345$189$100$26
46 years$1,007$584$324$174$91$22
47 years$974$558$305$161$83$20
48 years$943$532$286$149$75$17
49 years$913$508$269$137$68$15
50 years$885$486$253$127$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $906,000, adding $3,217 every year, while hoping to spend $52,327 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: 70/22/8 Blend
44$906,000$906,000$906,000$906,000
45$1,001,730$953,712$939,669$1,070,243
46$1,048,231$944,769$915,473$1,107,055
47$1,097,722$933,633$888,712$1,140,598
48$1,150,451$920,143$859,245$1,175,878
49$1,206,693$904,125$826,926$1,213,052
50$1,266,746$885,398$791,599$1,252,298
51$1,330,940$863,768$753,103$1,293,811
52$1,399,633$839,031$711,269$1,337,807
53$1,473,221$810,968$665,922$1,384,526
54$1,552,135$779,352$616,876$1,434,234
55$1,636,851$743,938$563,940$1,487,225
56$1,727,890$704,471$506,912$1,543,826
57$1,825,823$660,679$445,582$1,604,398
58$1,931,279$612,274$379,730$1,669,340
59$2,044,946$558,952$309,128$1,739,096
60$2,167,583$500,393$233,537$1,814,157
61$2,300,022$436,258$152,705$1,895,065
62$2,443,177$366,187$66,373$1,982,423
63$2,598,053$289,802$0$2,076,895
64$2,765,754$206,702$0$2,181,418
65$2,947,497$116,466$0$2,300,796
66$3,144,616$18,647$0$2,430,286
67$3,358,580$0$0$2,570,911
68$3,591,004$0$0$2,744,920
69$3,843,666$0$0$2,939,030
70$4,118,520$0$0$3,150,235
71$4,417,718$0$0$3,380,192
72$4,743,626$0$0$3,630,727
73$5,098,848$0$0$3,903,847
74$5,486,252$0$0$4,201,764
75$5,908,991$0$0$4,526,910
76$6,370,538$0$0$4,881,962
77$6,874,717$0$0$5,269,868
78$7,425,734$0$0$5,693,875
79$8,028,224$0$0$6,157,554
80$8,687,288$0$0$6,664,840
81$9,408,542$0$0$7,220,065
82$10,198,171$0$0$7,827,998
83$11,062,986$0$0$8,493,891
84$12,010,487$0$0$9,223,531
85$13,048,934$0$0$10,023,286
86$14,187,424$0$0$10,900,173
87$15,435,976$0$0$11,861,920
88$16,805,626$0$0$12,917,038
89$18,308,528$0$0$14,074,902
90$19,958,071$0$0$15,345,838
91$21,769,003$0$0$16,741,222
92$23,757,569$0$0$18,273,583
93$25,941,665$0$0$19,956,725
94$28,341,004$0$0$21,805,853
95$30,977,305$0$0$23,837,719
96$33,874,492$0$0$26,070,776
97$37,058,924$0$0$28,525,356
98$40,559,638$0$0$31,223,858
99$44,408,628$0$0$34,190,957
100$48,641,139$0$0$37,453,842