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%14.6%
1 years$74,982$74,314$73,662$73,026$72,405$71,030
2 years$37,120$36,428$35,758$35,109$34,479$33,099
3 years$24,501$23,806$23,138$22,495$21,875$20,533
4 years$18,192$17,500$16,839$16,206$15,601$14,308
5 years$14,408$13,720$13,067$12,448$11,860$10,619
6 years$11,887$11,204$10,560$9,955$9,384$8,197
7 years$10,086$9,409$8,776$8,184$7,632$6,498
8 years$8,736$8,065$7,443$6,866$6,331$5,251
9 years$7,687$7,022$6,410$5,848$5,332$4,304
10 years$6,848$6,190$5,589$5,041$4,543$3,567
11 years$6,162$5,510$4,920$4,387$3,907$2,982
12 years$5,591$4,946$4,366$3,848$3,386$2,510
13 years$5,108$4,470$3,901$3,397$2,953$2,125
14 years$4,694$4,063$3,505$3,016$2,588$1,807
15 years$4,336$3,711$3,165$2,690$2,279$1,543
16 years$4,023$3,405$2,869$2,408$2,014$1,321
17 years$3,747$3,136$2,611$2,164$1,786$1,134
18 years$3,502$2,898$2,383$1,950$1,588$976
19 years$3,283$2,686$2,182$1,762$1,415$842
20 years$3,086$2,496$2,002$1,596$1,264$727
21 years$2,908$2,325$1,842$1,448$1,131$629
22 years$2,747$2,170$1,698$1,317$1,014$544
23 years$2,599$2,029$1,567$1,199$910$472
24 years$2,465$1,901$1,450$1,094$818$409
25 years$2,341$1,784$1,343$999$736$355
26 years$2,227$1,677$1,245$913$663$309
27 years$2,121$1,578$1,156$836$598$268
28 years$2,024$1,487$1,075$766$539$234
29 years$1,933$1,403$1,000$702$487$203
30 years$1,848$1,325$932$645$440$177
31 years$1,769$1,253$869$592$398$154
32 years$1,695$1,185$810$544$360$134
33 years$1,626$1,122$757$500$326$117
34 years$1,561$1,064$707$460$295$102
35 years$1,500$1,009$661$424$267$89
36 years$1,442$958$618$390$242$77
37 years$1,388$910$579$360$219$67
38 years$1,336$864$542$331$199$59
39 years$1,288$822$508$306$180$51
40 years$1,241$782$476$282$164$45
41 years$1,198$744$446$260$148$39
42 years$1,156$709$419$240$135$34
43 years$1,116$676$393$222$122$30
44 years$1,079$644$369$205$111$26
45 years$1,043$614$346$189$101$23
46 years$1,009$586$325$175$91$20
47 years$976$559$306$161$83$17
48 years$945$534$287$149$75$15
49 years$915$510$270$138$68$13
50 years$887$487$254$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $908,000, adding $3,734 every year, while hoping to spend $57,144 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: 70/22/8 Blend
44$908,000$908,000$908,000$908,000
45$1,004,468$956,344$942,270$1,073,131
46$1,046,123$942,404$913,035$1,105,116
47$1,090,111$925,865$880,906$1,132,738
48$1,136,611$906,541$845,724$1,161,407
49$1,185,816$884,233$807,327$1,191,214
50$1,237,938$858,729$765,541$1,222,258
51$1,293,208$829,807$720,187$1,254,653
52$1,351,879$797,231$671,077$1,288,524
53$1,414,228$760,753$618,015$1,324,010
54$1,480,557$720,107$560,796$1,361,267
55$1,551,196$675,015$499,206$1,400,468
56$1,626,509$625,182$433,021$1,441,807
57$1,706,893$570,295$362,006$1,485,498
58$1,792,781$510,025$285,919$1,531,781
59$1,884,652$444,023$204,504$1,580,922
60$1,983,027$371,921$117,495$1,633,218
61$2,088,479$293,329$24,615$1,688,998
62$2,201,638$207,836$0$1,748,629
63$2,323,194$115,009$0$1,818,878
64$2,453,903$14,388$0$1,896,493
65$2,594,598$0$0$1,979,900
66$2,746,191$0$0$2,092,567
67$2,909,685$0$0$2,217,872
68$3,086,182$0$0$2,353,182
69$3,276,893$0$0$2,499,430
70$3,483,147$0$0$2,657,642
71$3,706,408$0$0$2,828,943
72$3,948,283$0$0$3,014,575
73$4,210,540$0$0$3,215,899
74$4,495,122$0$0$3,434,414
75$4,804,167$0$0$3,671,768
76$5,140,027$0$0$3,929,775
77$5,505,288$0$0$4,210,427
78$5,902,797$0$0$4,515,920
79$6,335,685$0$0$4,848,669
80$6,807,398$0$0$5,211,330
81$7,321,728$0$0$5,606,827
82$7,882,848$0$0$6,038,379
83$8,495,354$0$0$6,509,529
84$9,164,301$0$0$7,024,176
85$9,895,258$0$0$7,586,613
86$10,694,352$0$0$8,201,566
87$11,568,332$0$0$8,874,241
88$12,524,627$0$0$9,610,365
89$13,571,418$0$0$10,416,249
90$14,717,715$0$0$11,298,841
91$15,973,437$0$0$12,265,792
92$17,349,510$0$0$13,325,527
93$18,857,966$0$0$14,487,326
94$20,512,057$0$0$15,761,411
95$22,326,379$0$0$17,159,039
96$24,317,007$0$0$18,692,608
97$26,501,650$0$0$20,375,777
98$28,899,811$0$0$22,223,590
99$31,532,978$0$0$24,252,618
100$34,424,817$0$0$26,481,117