Can I retire at age 45 with 908,000?

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 $908,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$74,982$74,314$73,662$73,026$72,405$71,739
2 years$37,120$36,428$35,758$35,109$34,479$33,807
3 years$24,501$23,806$23,138$22,495$21,875$21,219
4 years$18,192$17,500$16,839$16,206$15,601$14,966
5 years$14,408$13,720$13,067$12,448$11,860$11,248
6 years$11,887$11,204$10,560$9,955$9,384$8,796
7 years$10,086$9,409$8,776$8,184$7,632$7,067
8 years$8,736$8,065$7,443$6,866$6,331$5,790
9 years$7,687$7,022$6,410$5,848$5,332$4,814
10 years$6,848$6,190$5,589$5,041$4,543$4,049
11 years$6,162$5,510$4,920$4,387$3,907$3,436
12 years$5,591$4,946$4,366$3,848$3,386$2,937
13 years$5,108$4,470$3,901$3,397$2,953$2,525
14 years$4,694$4,063$3,505$3,016$2,588$2,182
15 years$4,336$3,711$3,165$2,690$2,279$1,894
16 years$4,023$3,405$2,869$2,408$2,014$1,649
17 years$3,747$3,136$2,611$2,164$1,786$1,440
18 years$3,502$2,898$2,383$1,950$1,588$1,261
19 years$3,283$2,686$2,182$1,762$1,415$1,107
20 years$3,086$2,496$2,002$1,596$1,264$973
21 years$2,908$2,325$1,842$1,448$1,131$857
22 years$2,747$2,170$1,698$1,317$1,014$755
23 years$2,599$2,029$1,567$1,199$910$667
24 years$2,465$1,901$1,450$1,094$818$590
25 years$2,341$1,784$1,343$999$736$522
26 years$2,227$1,677$1,245$913$663$462
27 years$2,121$1,578$1,156$836$598$409
28 years$2,024$1,487$1,075$766$539$363
29 years$1,933$1,403$1,000$702$487$322
30 years$1,848$1,325$932$645$440$286
31 years$1,769$1,253$869$592$398$254
32 years$1,695$1,185$810$544$360$226
33 years$1,626$1,122$757$500$326$201
34 years$1,561$1,064$707$460$295$178
35 years$1,500$1,009$661$424$267$159
36 years$1,442$958$618$390$242$141
37 years$1,388$910$579$360$219$125
38 years$1,336$864$542$331$199$112
39 years$1,288$822$508$306$180$99
40 years$1,241$782$476$282$164$88
41 years$1,198$744$446$260$148$79
42 years$1,156$709$419$240$135$70
43 years$1,116$676$393$222$122$62
44 years$1,079$644$369$205$111$56
45 years$1,043$614$346$189$101$50
46 years$1,009$586$325$175$91$44
47 years$976$559$306$161$83$39
48 years$945$534$287$149$75$35
49 years$915$510$270$138$68$31
50 years$887$487$254$127$62$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $908,000, adding $5,237 every year, while hoping to spend $46,486 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: 56/33/11 Blend
44$908,000$908,000$908,000$908,000
45$1,006,018$957,894$943,820$1,059,310
46$1,059,171$955,370$925,977$1,093,433
47$1,116,188$951,164$905,979$1,125,010
48$1,177,413$945,146$883,703$1,158,301
49$1,243,226$937,174$859,024$1,193,478
50$1,314,041$927,102$831,807$1,230,730
51$1,390,316$914,773$801,916$1,270,270
52$1,472,552$900,020$769,203$1,312,334
53$1,561,299$882,668$733,518$1,357,182
54$1,657,162$862,529$694,702$1,405,106
55$1,760,807$839,408$652,589$1,456,429
56$1,872,963$813,093$607,005$1,511,511
57$1,994,436$783,365$557,769$1,570,749
58$2,126,107$749,988$504,693$1,634,586
59$2,268,947$712,715$447,579$1,703,514
60$2,424,026$671,285$386,219$1,778,078
61$2,592,518$625,419$320,398$1,858,883
62$2,775,716$574,825$249,892$1,946,599
63$2,975,040$519,192$174,465$2,041,970
64$3,192,055$458,194$93,871$2,145,820
65$3,428,484$391,485$7,854$2,259,062
66$3,686,219$318,698$0$2,382,710
67$3,967,347$239,447$0$2,527,736
68$4,274,161$153,325$0$2,687,154
69$4,609,188$59,900$0$2,861,452
70$4,975,208$0$0$3,052,188
71$5,375,282$0$0$3,276,074
72$5,812,781$0$0$3,544,768
73$6,291,416$0$0$3,838,807
74$6,815,271$0$0$4,160,710
75$7,388,847$0$0$4,513,254
76$8,017,098$0$0$4,899,494
77$8,705,480$0$0$5,322,796
78$9,460,002$0$0$5,786,866
79$10,287,282$0$0$6,295,788
80$11,194,609$0$0$6,854,057
81$12,190,011$0$0$7,466,627
82$13,282,330$0$0$8,138,953
83$14,481,308$0$0$8,877,045
84$15,797,674$0$0$9,687,521
85$17,243,246$0$0$10,577,674
86$18,831,044$0$0$11,555,536
87$20,575,410$0$0$12,629,957
88$22,492,145$0$0$13,810,685
89$24,598,655$0$0$15,108,460
90$26,914,117$0$0$16,535,114
91$29,459,658$0$0$18,103,683
92$32,258,554$0$0$19,828,529
93$35,336,448$0$0$21,725,475
94$38,721,594$0$0$23,811,954
95$42,445,121$0$0$26,107,174
96$46,541,327$0$0$28,632,297
97$51,048,000$0$0$31,410,643
98$56,006,777$0$0$34,467,902
99$61,463,533$0$0$37,832,383
100$67,468,816$0$0$41,535,277