Can I retire at age 45 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$74,899$74,232$73,581$72,946$72,325$70,577
2 years$37,079$36,388$35,719$35,070$34,441$32,690
3 years$24,474$23,780$23,113$22,470$21,851$20,152
4 years$18,172$17,481$16,820$16,188$15,584$13,950
5 years$14,393$13,705$13,053$12,434$11,847$10,283
6 years$11,873$11,191$10,549$9,944$9,374$7,881
7 years$10,075$9,398$8,766$8,175$7,624$6,203
8 years$8,726$8,056$7,434$6,858$6,324$4,974
9 years$7,678$7,014$6,403$5,841$5,326$4,046
10 years$6,840$6,183$5,582$5,035$4,538$3,326
11 years$6,155$5,504$4,915$4,382$3,903$2,758
12 years$5,584$4,940$4,362$3,844$3,382$2,302
13 years$5,102$4,465$3,897$3,394$2,949$1,932
14 years$4,689$4,058$3,501$3,012$2,585$1,628
15 years$4,331$3,707$3,161$2,687$2,276$1,378
16 years$4,018$3,401$2,866$2,406$2,012$1,169
17 years$3,743$3,132$2,608$2,161$1,784$994
18 years$3,498$2,895$2,381$1,948$1,586$848
19 years$3,279$2,683$2,180$1,760$1,414$724
20 years$3,083$2,493$2,000$1,594$1,263$619
21 years$2,905$2,322$1,840$1,447$1,130$530
22 years$2,744$2,167$1,696$1,315$1,013$454
23 years$2,597$2,027$1,566$1,198$909$390
24 years$2,462$1,899$1,448$1,093$817$335
25 years$2,338$1,782$1,341$998$735$288
26 years$2,224$1,675$1,244$912$662$247
27 years$2,119$1,577$1,155$835$597$213
28 years$2,022$1,486$1,074$765$539$183
29 years$1,931$1,401$999$702$487$158
30 years$1,846$1,324$931$644$440$136
31 years$1,767$1,251$868$591$398$117
32 years$1,694$1,184$810$544$360$101
33 years$1,624$1,121$756$500$325$87
34 years$1,559$1,063$706$460$295$75
35 years$1,498$1,008$660$423$267$65
36 years$1,441$957$618$390$242$56
37 years$1,386$909$578$359$219$48
38 years$1,335$863$541$331$199$41
39 years$1,286$821$507$305$180$36
40 years$1,240$781$475$282$163$31
41 years$1,196$744$446$260$148$27
42 years$1,155$708$418$240$135$23
43 years$1,115$675$392$221$122$20
44 years$1,078$643$368$204$111$17
45 years$1,042$613$346$189$101$15
46 years$1,008$585$325$174$91$13
47 years$975$558$305$161$83$11
48 years$944$533$287$149$75$9
49 years$914$509$270$138$68$8
50 years$886$486$253$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $907,000, adding $3,582 every year, while hoping to spend $44,180 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: 43/49/8 Blend
44$907,000$907,000$907,000$907,000
45$1,003,209$955,138$941,079$1,043,879
46$1,058,529$954,932$925,598$1,072,284
47$1,118,011$953,236$908,118$1,098,258
48$1,182,033$949,929$888,525$1,125,383
49$1,251,009$944,885$866,699$1,153,782
50$1,325,397$937,969$842,518$1,183,592
51$1,405,695$929,037$815,850$1,214,964
52$1,492,454$917,939$786,560$1,248,072
53$1,586,280$904,513$754,505$1,283,106
54$1,687,836$888,589$719,536$1,320,283
55$1,797,853$869,988$681,498$1,359,844
56$1,917,134$848,518$640,229$1,402,056
57$2,046,563$823,976$595,558$1,447,222
58$2,187,111$796,149$547,307$1,495,676
59$2,339,846$764,810$495,292$1,547,794
60$2,505,944$729,720$439,318$1,603,993
61$2,686,699$690,625$379,183$1,664,739
62$2,883,532$647,255$314,676$1,730,551
63$3,098,011$599,329$245,576$1,802,007
64$3,331,857$546,546$171,652$1,879,752
65$3,586,968$488,588$92,664$1,964,500
66$3,865,432$425,122$8,361$2,057,048
67$4,169,545$355,792$0$2,158,282
68$4,501,837$280,225$0$2,276,151
69$4,865,094$198,025$0$2,405,997
70$5,262,382$108,776$0$2,548,344
71$5,697,075$12,037$0$2,704,565
72$6,172,893$0$0$2,876,183
73$6,693,927$0$0$3,114,845
74$7,264,685$0$0$3,383,505
75$7,890,133$0$0$3,678,023
76$8,575,736$0$0$4,000,987
77$9,327,516$0$0$4,355,251
78$10,152,105$0$0$4,743,953
79$11,056,808$0$0$5,170,553
80$12,049,669$0$0$5,638,863
81$13,139,552$0$0$6,153,078
82$14,336,219$0$0$6,717,824
83$15,650,423$0$0$7,338,193
84$17,094,011$0$0$8,019,798
85$18,680,034$0$0$8,768,819
86$20,422,867$0$0$9,592,066
87$22,338,350$0$0$10,497,043
88$24,443,931$0$0$11,492,015
89$26,758,834$0$0$12,586,089
90$29,304,238$0$0$13,789,298
91$32,103,478$0$0$15,112,696
92$35,182,261$0$0$16,568,463
93$38,568,914$0$0$18,170,018
94$42,294,644$0$0$19,932,146
95$46,393,837$0$0$21,871,137
96$50,904,380$0$0$24,004,942
97$55,868,017$0$0$26,353,338
98$61,330,743$0$0$28,938,116
99$67,343,240$0$0$31,783,290
100$73,961,349$0$0$34,915,316