Can I retire at age 45 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$75,642$74,969$74,311$73,670$73,043$72,583
2 years$37,447$36,749$36,073$35,418$34,782$34,318
3 years$24,717$24,016$23,342$22,693$22,067$21,613
4 years$18,353$17,654$16,987$16,349$15,739$15,299
5 years$14,535$13,841$13,183$12,557$11,964$11,539
6 years$11,991$11,302$10,653$10,042$9,467$9,058
7 years$10,175$9,492$8,853$8,256$7,699$7,306
8 years$8,813$8,136$7,508$6,926$6,387$6,010
9 years$7,755$7,084$6,467$5,899$5,379$5,017
10 years$6,908$6,244$5,638$5,085$4,583$4,237
11 years$6,216$5,559$4,963$4,426$3,942$3,611
12 years$5,640$4,989$4,405$3,882$3,416$3,100
13 years$5,153$4,509$3,936$3,427$2,979$2,678
14 years$4,735$4,098$3,536$3,042$2,611$2,325
15 years$4,374$3,744$3,193$2,713$2,299$2,027
16 years$4,058$3,435$2,895$2,429$2,032$1,773
17 years$3,780$3,164$2,634$2,183$1,802$1,556
18 years$3,533$2,923$2,404$1,967$1,602$1,370
19 years$3,312$2,709$2,201$1,777$1,428$1,208
20 years$3,113$2,518$2,020$1,610$1,275$1,067
21 years$2,934$2,345$1,858$1,461$1,141$945
22 years$2,771$2,189$1,713$1,328$1,023$838
23 years$2,622$2,047$1,581$1,210$918$743
24 years$2,486$1,918$1,462$1,103$825$661
25 years$2,362$1,800$1,354$1,008$743$588
26 years$2,247$1,692$1,256$921$669$523
27 years$2,140$1,592$1,166$843$603$466
28 years$2,042$1,500$1,084$773$544$416
29 years$1,950$1,415$1,009$709$491$371
30 years$1,865$1,337$940$650$444$331
31 years$1,785$1,264$876$597$401$296
32 years$1,710$1,196$818$549$363$264
33 years$1,640$1,132$763$505$329$236
34 years$1,575$1,073$713$464$298$211
35 years$1,513$1,018$667$428$270$189
36 years$1,455$966$624$394$244$169
37 years$1,400$918$584$363$221$151
38 years$1,348$872$547$334$201$136
39 years$1,299$829$512$308$182$121
40 years$1,252$789$480$284$165$109
41 years$1,208$751$450$262$150$97
42 years$1,166$715$422$242$136$87
43 years$1,126$681$396$224$123$78
44 years$1,088$650$372$206$112$70
45 years$1,052$619$349$191$102$63
46 years$1,018$591$328$176$92$56
47 years$985$564$308$163$84$50
48 years$953$538$290$150$76$45
49 years$923$514$272$139$69$40
50 years$894$491$256$128$63$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $916,000, adding $4,192 every year, while hoping to spend $38,556 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: 55/32/13 Blend
44$916,000$916,000$916,000$916,000
45$1,013,756$965,208$951,010$1,065,882
46$1,076,136$971,480$941,846$1,108,017
47$1,143,586$976,767$931,082$1,149,326
48$1,216,584$980,980$918,625$1,193,412
49$1,295,652$984,025$904,375$1,240,547
50$1,381,367$985,800$888,230$1,291,034
51$1,474,361$986,200$870,081$1,345,205
52$1,575,333$985,110$849,816$1,403,430
53$1,685,047$982,411$827,314$1,466,117
54$1,804,346$977,973$802,454$1,533,717
55$1,934,157$971,662$775,104$1,606,728
56$2,075,501$963,333$745,130$1,685,704
57$2,229,500$952,835$712,390$1,771,254
58$2,397,390$940,004$676,735$1,864,053
59$2,580,529$924,669$638,011$1,964,846
60$2,780,414$906,650$596,056$2,074,458
61$2,998,693$885,752$550,700$2,193,800
62$3,237,178$861,773$501,768$2,323,879
63$3,497,867$834,496$449,073$2,465,808
64$3,782,956$803,693$392,424$2,620,816
65$4,094,867$769,123$331,619$2,790,263
66$4,436,262$730,529$266,448$2,975,649
67$4,810,077$687,642$196,690$3,178,632
68$5,219,543$640,174$122,117$3,401,045
69$5,668,218$587,824$42,489$3,644,910
70$6,160,020$530,271$0$3,912,462
71$6,699,266$467,178$0$4,212,062
72$7,290,709$398,188$0$4,547,213
73$7,939,585$322,923$0$4,915,064
74$8,651,661$240,984$0$5,318,974
75$9,433,289$151,951$0$5,762,653
76$10,291,467$55,379$0$6,250,192
77$11,233,903$0$0$6,786,106
78$12,269,087$0$0$7,392,699
79$13,406,373$0$0$8,080,635
80$14,656,067$0$0$8,836,658
81$16,029,520$0$0$9,667,647
82$17,539,239$0$0$10,581,180
83$19,199,003$0$0$11,585,609
84$21,023,992$0$0$12,690,131
85$23,030,930$0$0$13,904,882
86$25,238,245$0$0$15,241,029
87$27,666,237$0$0$16,710,876
88$30,337,277$0$0$18,327,977
89$33,276,008$0$0$20,107,270
90$36,509,586$0$0$22,065,210
91$40,067,931$0$0$24,219,931
92$43,984,010$0$0$26,591,411
93$48,294,148$0$0$29,201,665
94$53,038,367$0$0$32,074,950
95$58,260,772$0$0$35,237,994
96$64,009,954$0$0$38,720,247
97$70,339,461$0$0$42,554,161
98$77,308,293$0$0$46,775,495
99$84,981,464$0$0$51,423,650
100$93,430,611$0$0$56,542,044