Can I retire at age 45 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$75,064$74,396$73,743$73,107$72,485$71,226
2 years$37,161$36,468$35,798$35,147$34,517$33,252
3 years$24,528$23,833$23,164$22,519$21,899$20,668
4 years$18,212$17,519$16,857$16,224$15,618$14,431
5 years$14,424$13,735$13,082$12,462$11,873$10,733
6 years$11,900$11,216$10,572$9,966$9,395$8,303
7 years$10,097$9,419$8,785$8,193$7,640$6,597
8 years$8,746$8,074$7,451$6,873$6,338$5,343
9 years$7,695$7,030$6,417$5,854$5,338$4,390
10 years$6,855$6,196$5,595$5,047$4,548$3,648
11 years$6,169$5,516$4,926$4,392$3,912$3,057
12 years$5,597$4,951$4,371$3,852$3,390$2,580
13 years$5,113$4,474$3,905$3,401$2,956$2,190
14 years$4,699$4,067$3,509$3,019$2,591$1,867
15 years$4,341$3,715$3,168$2,692$2,281$1,598
16 years$4,027$3,409$2,872$2,411$2,016$1,373
17 years$3,751$3,139$2,614$2,166$1,788$1,182
18 years$3,506$2,901$2,386$1,952$1,590$1,020
19 years$3,286$2,689$2,184$1,764$1,417$882
20 years$3,089$2,498$2,005$1,598$1,266$764
21 years$2,911$2,327$1,844$1,450$1,133$663
22 years$2,750$2,172$1,699$1,318$1,015$576
23 years$2,602$2,032$1,569$1,201$911$501
24 years$2,467$1,904$1,451$1,095$819$436
25 years$2,344$1,786$1,344$1,000$737$380
26 years$2,229$1,679$1,247$914$664$331
27 years$2,124$1,580$1,158$837$599$289
28 years$2,026$1,489$1,076$767$540$252
29 years$1,935$1,405$1,001$703$488$220
30 years$1,850$1,326$933$645$441$192
31 years$1,771$1,254$870$593$398$168
32 years$1,697$1,187$811$545$360$147
33 years$1,628$1,124$758$501$326$128
34 years$1,563$1,065$708$461$295$112
35 years$1,501$1,010$662$424$267$98
36 years$1,444$959$619$391$242$86
37 years$1,389$911$579$360$220$75
38 years$1,338$865$543$332$199$66
39 years$1,289$823$508$306$181$57
40 years$1,243$783$476$282$164$50
41 years$1,199$745$447$260$149$44
42 years$1,157$710$419$240$135$38
43 years$1,118$676$393$222$122$34
44 years$1,080$645$369$205$111$29
45 years$1,044$615$347$189$101$26
46 years$1,010$586$326$175$92$23
47 years$977$560$306$161$83$20
48 years$946$534$287$149$75$17
49 years$916$510$270$138$69$15
50 years$888$487$254$127$62$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $909,000, adding $6,708 every year, while hoping to spend $25,836 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: 58/35/7 Blend
44$909,000$909,000$909,000$909,000
45$1,008,637$960,460$946,371$1,065,235
46$1,084,029$980,034$950,585$1,123,620
47$1,166,245$999,700$954,074$1,183,710
48$1,255,953$1,019,437$956,787$1,248,561
49$1,353,891$1,039,220$958,670$1,318,630
50$1,460,868$1,059,021$959,665$1,394,423
51$1,577,776$1,078,813$959,714$1,476,493
52$1,705,597$1,098,563$958,753$1,565,452
53$1,845,414$1,118,238$956,716$1,661,976
54$1,998,416$1,137,802$953,536$1,766,806
55$2,165,914$1,157,214$949,139$1,880,760
56$2,349,352$1,176,432$943,451$2,004,741
57$2,550,320$1,195,412$936,391$2,139,743
58$2,770,569$1,214,103$927,876$2,286,859
59$3,012,028$1,232,454$917,820$2,447,299
60$3,276,818$1,250,409$906,131$2,622,391
61$3,567,281$1,267,906$892,714$2,813,602
62$3,885,993$1,284,882$877,468$3,022,547
63$4,235,790$1,301,268$860,290$3,251,009
64$4,619,800$1,316,989$841,069$3,500,950
65$5,041,466$1,331,968$819,690$3,774,533
66$5,504,580$1,346,119$796,035$4,074,145
67$6,013,322$1,359,354$769,977$4,402,413
68$6,572,295$1,371,576$741,385$4,762,236
69$7,186,570$1,382,684$710,123$5,156,807
70$7,861,734$1,392,570$676,046$5,589,648
71$8,603,942$1,401,116$639,004$6,064,639
72$9,419,974$1,408,202$598,841$6,586,058
73$10,317,303$1,413,695$555,394$7,158,621
74$11,304,159$1,417,457$508,490$7,787,525
75$12,389,610$1,419,340$457,952$8,478,499
76$13,583,649$1,419,186$403,592$9,237,860
77$14,897,285$1,416,829$345,216$10,072,567
78$16,342,646$1,412,092$282,619$10,990,295
79$17,933,098$1,404,787$215,589$11,999,500
80$19,683,367$1,394,714$143,904$13,109,507
81$21,609,678$1,381,662$67,332$14,330,592
82$23,729,908$1,365,407$0$15,674,081
83$26,063,757$1,345,710$0$17,153,535
84$28,632,931$1,322,321$0$18,787,078
85$31,461,346$1,294,971$0$20,584,864
86$34,575,358$1,263,379$0$22,563,635
87$38,004,005$1,227,245$0$24,741,841
88$41,779,285$1,186,252$0$27,139,818
89$45,936,459$1,140,064$0$29,779,980
90$50,514,378$1,088,328$0$32,687,028
91$55,555,856$1,030,667$0$35,888,191
92$61,108,068$966,685$0$39,413,474
93$67,223,000$895,962$0$43,295,950
94$73,957,935$818,053$0$47,572,070
95$81,375,996$732,489$0$52,282,008
96$89,546,741$638,775$0$57,470,039
97$98,546,820$536,386$0$63,184,963
98$108,460,696$424,769$0$69,480,563
99$119,381,443$303,339$0$76,416,112
100$131,411,626$171,478$0$84,056,939