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%16.5%
1 years$74,817$74,150$73,500$72,865$72,246$70,328
2 years$37,038$36,348$35,680$35,031$34,403$32,484
3 years$24,447$23,754$23,087$22,445$21,826$19,967
4 years$18,152$17,462$16,801$16,170$15,567$13,781
5 years$14,377$13,690$13,039$12,420$11,834$10,126
6 years$11,860$11,179$10,537$9,933$9,364$7,736
7 years$10,064$9,388$8,756$8,166$7,615$6,067
8 years$8,717$8,047$7,426$6,850$6,317$4,849
9 years$7,670$7,007$6,396$5,835$5,320$3,930
10 years$6,833$6,176$5,576$5,030$4,533$3,219
11 years$6,148$5,498$4,909$4,377$3,899$2,658
12 years$5,578$4,935$4,357$3,840$3,378$2,210
13 years$5,096$4,460$3,893$3,390$2,946$1,847
14 years$4,684$4,054$3,497$3,009$2,583$1,551
15 years$4,326$3,703$3,158$2,684$2,274$1,306
16 years$4,014$3,398$2,863$2,403$2,010$1,104
17 years$3,739$3,129$2,605$2,159$1,782$935
18 years$3,494$2,891$2,378$1,946$1,584$793
19 years$3,276$2,680$2,177$1,758$1,412$674
20 years$3,079$2,490$1,998$1,592$1,261$574
21 years$2,902$2,319$1,838$1,445$1,129$489
22 years$2,741$2,165$1,694$1,314$1,012$418
23 years$2,594$2,025$1,564$1,197$908$357
24 years$2,459$1,897$1,446$1,091$816$305
25 years$2,336$1,780$1,340$997$735$261
26 years$2,222$1,673$1,242$911$662$223
27 years$2,117$1,575$1,154$834$597$191
28 years$2,019$1,484$1,073$764$538$164
29 years$1,929$1,400$998$701$486$140
30 years$1,844$1,322$930$643$439$120
31 years$1,765$1,250$867$591$397$103
32 years$1,692$1,183$809$543$359$88
33 years$1,623$1,120$755$499$325$76
34 years$1,558$1,061$705$459$294$65
35 years$1,496$1,007$660$423$267$56
36 years$1,439$956$617$389$242$48
37 years$1,385$908$578$359$219$41
38 years$1,333$863$541$331$198$35
39 years$1,285$820$507$305$180$30
40 years$1,239$780$475$281$163$26
41 years$1,195$743$445$260$148$22
42 years$1,153$707$418$239$134$19
43 years$1,114$674$392$221$122$16
44 years$1,076$642$368$204$111$14
45 years$1,041$613$345$189$100$12
46 years$1,007$584$324$174$91$10
47 years$974$558$305$161$83$9
48 years$943$532$286$149$75$8
49 years$913$508$269$137$68$7
50 years$885$486$253$127$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $906,000, adding $4,092 every year, while hoping to spend $41,254 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: 62/25/13 Blend
44$906,000$906,000$906,000$906,000
45$1,002,633$954,615$940,572$1,061,420
46$1,061,008$957,497$928,187$1,104,238
47$1,123,954$959,138$914,005$1,145,880
48$1,191,894$959,433$897,921$1,190,330
49$1,265,293$958,271$879,828$1,237,861
50$1,344,662$955,535$859,610$1,288,776
51$1,430,561$951,099$837,151$1,343,410
52$1,523,607$944,832$812,324$1,402,132
53$1,624,478$936,592$785,000$1,465,353
54$1,733,920$926,230$755,043$1,533,523
55$1,852,753$913,589$722,310$1,607,143
56$1,981,879$898,500$686,653$1,686,765
57$2,122,291$880,787$647,916$1,773,001
58$2,275,080$860,261$605,936$1,866,525
59$2,441,447$836,723$560,544$1,968,082
60$2,622,715$809,962$511,563$2,078,498
61$2,820,337$779,756$458,805$2,198,682
62$3,035,916$745,868$402,079$2,329,641
63$3,271,212$708,048$341,182$2,472,486
64$3,528,166$666,033$275,902$2,628,445
65$3,808,912$619,542$206,018$2,798,874
66$4,115,803$568,281$131,301$2,985,271
67$4,451,425$511,937$51,510$3,189,290
68$4,818,629$450,180$0$3,412,759
69$5,220,552$382,662$0$3,662,360
70$5,660,650$309,014$0$3,943,585
71$6,142,727$228,846$0$4,251,776
72$6,670,973$141,748$0$4,589,690
73$7,250,004$47,285$0$4,960,366
74$7,884,902$0$0$5,367,155
75$8,581,264$0$0$5,828,885
76$9,345,256$0$0$6,349,799
77$10,183,670$0$0$6,921,526
78$11,103,986$0$0$7,549,177
79$12,114,444$0$0$8,238,381
80$13,224,121$0$0$8,995,337
81$14,443,015$0$0$9,826,878
82$15,782,144$0$0$10,740,527
83$17,253,640$0$0$11,744,575
84$18,870,874$0$0$12,848,154
85$20,648,571$0$0$14,061,325
86$22,602,960$0$0$15,395,173
87$24,751,916$0$0$16,861,911
88$27,115,133$0$0$18,474,994
89$29,714,313$0$0$20,249,246
90$32,573,362$0$0$22,201,001
91$35,718,622$0$0$24,348,254
92$39,179,116$0$0$26,710,833
93$42,986,822$0$0$29,310,586
94$47,176,974$0$0$32,171,585
95$51,788,395$0$0$35,320,351
96$56,863,861$0$0$38,786,110
97$62,450,505$0$0$42,601,065
98$68,600,263$0$0$46,800,695
99$75,370,360$0$0$51,424,099
100$82,823,853$0$0$56,514,357