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%13.3%
1 years$74,899$74,232$73,581$72,946$72,325$71,333
2 years$37,079$36,388$35,719$35,070$34,441$33,443
3 years$24,474$23,780$23,113$22,470$21,851$20,878
4 years$18,172$17,481$16,820$16,188$15,584$14,644
5 years$14,393$13,705$13,053$12,434$11,847$10,942
6 years$11,873$11,191$10,549$9,944$9,374$8,506
7 years$10,075$9,398$8,766$8,175$7,624$6,793
8 years$8,726$8,056$7,434$6,858$6,324$5,531
9 years$7,678$7,014$6,403$5,841$5,326$4,569
10 years$6,840$6,183$5,582$5,035$4,538$3,817
11 years$6,155$5,504$4,915$4,382$3,903$3,217
12 years$5,584$4,940$4,362$3,844$3,382$2,730
13 years$5,102$4,465$3,897$3,394$2,949$2,331
14 years$4,689$4,058$3,501$3,012$2,585$2,000
15 years$4,331$3,707$3,161$2,687$2,276$1,722
16 years$4,018$3,401$2,866$2,406$2,012$1,489
17 years$3,743$3,132$2,608$2,161$1,784$1,290
18 years$3,498$2,895$2,381$1,948$1,586$1,121
19 years$3,279$2,683$2,180$1,760$1,414$976
20 years$3,083$2,493$2,000$1,594$1,263$851
21 years$2,905$2,322$1,840$1,447$1,130$743
22 years$2,744$2,167$1,696$1,315$1,013$650
23 years$2,597$2,027$1,566$1,198$909$569
24 years$2,462$1,899$1,448$1,093$817$499
25 years$2,338$1,782$1,341$998$735$437
26 years$2,224$1,675$1,244$912$662$384
27 years$2,119$1,577$1,155$835$597$337
28 years$2,022$1,486$1,074$765$539$297
29 years$1,931$1,401$999$702$487$261
30 years$1,846$1,324$931$644$440$229
31 years$1,767$1,251$868$591$398$202
32 years$1,694$1,184$810$544$360$178
33 years$1,624$1,121$756$500$325$157
34 years$1,559$1,063$706$460$295$138
35 years$1,498$1,008$660$423$267$122
36 years$1,441$957$618$390$242$107
37 years$1,386$909$578$359$219$94
38 years$1,335$863$541$331$199$83
39 years$1,286$821$507$305$180$73
40 years$1,240$781$475$282$163$65
41 years$1,196$744$446$260$148$57
42 years$1,155$708$418$240$135$50
43 years$1,115$675$392$221$122$44
44 years$1,078$643$368$204$111$39
45 years$1,042$613$346$189$101$35
46 years$1,008$585$325$174$91$30
47 years$975$558$305$161$83$27
48 years$944$533$287$149$75$24
49 years$914$509$270$138$68$21
50 years$886$486$253$127$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $907,000, adding $4,386 every year, while hoping to spend $30,488 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: 66/9/25 Blend
44$907,000$907,000$907,000$907,000
45$1,004,038$955,967$941,909$1,063,513
46$1,074,011$970,371$941,024$1,118,498
47$1,150,099$984,458$939,087$1,174,750
48$1,232,895$998,181$936,032$1,235,559
49$1,323,048$1,011,490$931,787$1,301,376
50$1,421,275$1,024,330$926,278$1,372,698
51$1,528,365$1,036,642$919,428$1,450,071
52$1,645,185$1,048,364$911,155$1,534,101
53$1,772,689$1,059,429$901,375$1,625,454
54$1,911,929$1,069,767$889,997$1,724,864
55$2,064,063$1,079,302$876,928$1,833,143
56$2,230,363$1,087,954$862,071$1,951,182
57$2,412,232$1,095,636$845,322$2,079,969
58$2,611,215$1,102,257$826,576$2,220,589
59$2,829,011$1,107,720$805,718$2,374,243
60$3,067,493$1,111,921$782,633$2,542,250
61$3,328,723$1,114,751$757,197$2,726,069
62$3,614,972$1,116,093$729,282$2,927,308
63$3,928,739$1,115,821$698,753$3,147,738
64$4,272,780$1,113,806$665,471$3,389,315
65$4,650,127$1,109,906$629,287$3,654,193
66$5,064,121$1,103,972$590,049$3,944,748
67$5,518,442$1,095,848$547,597$4,263,602
68$6,017,145$1,085,366$501,763$4,613,643
69$6,564,693$1,072,349$452,372$4,998,058
70$7,166,007$1,056,608$399,241$5,420,358
71$7,826,503$1,037,945$342,179$5,884,417
72$8,552,151$1,016,149$280,987$6,394,505
73$9,349,526$990,997$215,456$6,955,329
74$10,225,873$962,251$145,369$7,572,080
75$11,189,172$929,661$70,499$8,250,481
76$12,248,216$892,963$0$8,996,840
77$13,412,692$851,876$0$9,820,620
78$14,693,271$806,103$0$10,747,213
79$16,101,713$755,330$0$11,766,316
80$17,650,973$699,226$0$12,887,320
81$19,355,323$637,439$0$14,120,572
82$21,230,492$569,600$0$15,477,476
83$23,293,808$495,315$0$16,970,597
84$25,564,362$414,172$0$18,613,782
85$28,063,193$325,732$0$20,422,289
86$30,813,479$229,533$0$22,412,935
87$33,840,761$125,087$0$24,604,247
88$37,173,181$11,880$0$27,016,646
89$40,841,750$0$0$29,672,632
90$44,880,634$0$0$32,607,960
91$49,327,486$0$0$35,841,153
92$54,223,790$0$0$39,401,208
93$59,615,262$0$0$43,321,373
94$65,552,275$0$0$47,638,284
95$72,090,335$0$0$52,392,311
96$79,290,606$0$0$57,627,939
97$87,220,487$0$0$63,394,187
98$95,954,247$0$0$69,745,070
99$105,573,724$0$0$76,740,110
100$116,169,101$0$0$84,444,898