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%11.1%
1 years$74,982$74,314$73,662$73,026$72,405$72,070
2 years$37,120$36,428$35,758$35,109$34,479$34,140
3 years$24,501$23,806$23,138$22,495$21,875$21,543
4 years$18,192$17,500$16,839$16,206$15,601$15,280
5 years$14,408$13,720$13,067$12,448$11,860$11,549
6 years$11,887$11,204$10,560$9,955$9,384$9,085
7 years$10,086$9,409$8,776$8,184$7,632$7,344
8 years$8,736$8,065$7,443$6,866$6,331$6,055
9 years$7,687$7,022$6,410$5,848$5,332$5,067
10 years$6,848$6,190$5,589$5,041$4,543$4,289
11 years$6,162$5,510$4,920$4,387$3,907$3,664
12 years$5,591$4,946$4,366$3,848$3,386$3,154
13 years$5,108$4,470$3,901$3,397$2,953$2,731
14 years$4,694$4,063$3,505$3,016$2,588$2,377
15 years$4,336$3,711$3,165$2,690$2,279$2,078
16 years$4,023$3,405$2,869$2,408$2,014$1,823
17 years$3,747$3,136$2,611$2,164$1,786$1,604
18 years$3,502$2,898$2,383$1,950$1,588$1,416
19 years$3,283$2,686$2,182$1,762$1,415$1,252
20 years$3,086$2,496$2,002$1,596$1,264$1,110
21 years$2,908$2,325$1,842$1,448$1,131$985
22 years$2,747$2,170$1,698$1,317$1,014$876
23 years$2,599$2,029$1,567$1,199$910$780
24 years$2,465$1,901$1,450$1,094$818$695
25 years$2,341$1,784$1,343$999$736$620
26 years$2,227$1,677$1,245$913$663$554
27 years$2,121$1,578$1,156$836$598$495
28 years$2,024$1,487$1,075$766$539$443
29 years$1,933$1,403$1,000$702$487$397
30 years$1,848$1,325$932$645$440$355
31 years$1,769$1,253$869$592$398$318
32 years$1,695$1,185$810$544$360$285
33 years$1,626$1,122$757$500$326$256
34 years$1,561$1,064$707$460$295$230
35 years$1,500$1,009$661$424$267$206
36 years$1,442$958$618$390$242$185
37 years$1,388$910$579$360$219$166
38 years$1,336$864$542$331$199$149
39 years$1,288$822$508$306$180$134
40 years$1,241$782$476$282$164$121
41 years$1,198$744$446$260$148$108
42 years$1,156$709$419$240$135$97
43 years$1,116$676$393$222$122$88
44 years$1,079$644$369$205$111$79
45 years$1,043$614$346$189$101$71
46 years$1,009$586$325$175$91$64
47 years$976$559$306$161$83$57
48 years$945$534$287$149$75$51
49 years$915$510$270$138$68$46
50 years$887$487$254$127$62$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $908,000, adding $2,051 every year, while hoping to spend $48,780 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: 82/8/10 Blend
44$908,000$908,000$908,000$908,000
45$1,002,732$954,608$940,534$1,083,231
46$1,053,109$949,482$920,140$1,131,126
47$1,106,989$942,470$897,428$1,177,028
48$1,164,679$933,428$872,269$1,225,954
49$1,226,514$922,204$844,528$1,278,179
50$1,292,862$908,635$814,063$1,334,010
51$1,364,127$892,551$780,726$1,393,780
52$1,440,751$873,769$744,364$1,457,860
53$1,523,222$852,098$704,814$1,526,657
54$1,612,073$827,333$661,908$1,600,619
55$1,707,892$799,260$615,470$1,680,240
56$1,811,323$767,650$565,314$1,766,064
57$1,923,075$732,262$511,249$1,858,693
58$2,043,926$692,840$453,073$1,958,787
59$2,174,731$649,114$390,576$2,067,075
60$2,316,432$600,799$323,539$2,184,361
61$2,470,063$547,593$251,732$2,311,531
62$2,636,760$489,176$174,917$2,449,561
63$2,817,776$425,212$92,842$2,599,528
64$3,014,485$355,343$5,248$2,762,618
65$3,228,401$279,194$0$2,940,139
66$3,461,190$196,366$0$3,142,948
67$3,714,683$106,440$0$3,364,430
68$3,990,896$8,971$0$3,605,809
69$4,292,049$0$0$3,869,051
70$4,620,583$0$0$4,164,816
71$4,979,186$0$0$4,488,532
72$5,370,816$0$0$4,842,083
73$5,798,731$0$0$5,228,411
74$6,266,516$0$0$5,650,756
75$6,778,119$0$0$6,112,686
76$7,337,887$0$0$6,618,127
77$7,950,606$0$0$7,171,405
78$8,621,546$0$0$7,777,281
79$9,356,511$0$0$8,441,000
80$10,161,893$0$0$9,168,337
81$11,044,731$0$0$9,965,652
82$12,012,778$0$0$10,839,952
83$13,074,572$0$0$11,798,950
84$14,239,519$0$0$12,851,146
85$15,517,977$0$0$14,005,901
86$16,921,358$0$0$15,273,524
87$18,462,231$0$0$16,665,374
88$20,154,443$0$0$18,193,962
89$22,013,246$0$0$19,873,071
90$24,055,442$0$0$21,717,884
91$26,299,543$0$0$23,745,127
92$28,765,942$0$0$25,973,227
93$31,477,104$0$0$28,422,486
94$34,457,782$0$0$31,115,268
95$37,735,244$0$0$34,076,216
96$41,339,534$0$0$37,332,477
97$45,303,754$0$0$40,913,962
98$49,664,373$0$0$44,853,626
99$54,461,574$0$0$49,187,778
100$59,739,630$0$0$53,956,425