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%19.7%
1 years$75,642$74,969$74,311$73,670$73,043$70,200
2 years$37,447$36,749$36,073$35,418$34,782$31,953
3 years$24,717$24,016$23,342$22,693$22,067$19,340
4 years$18,353$17,654$16,987$16,349$15,739$13,134
5 years$14,535$13,841$13,183$12,557$11,964$9,489
6 years$11,991$11,302$10,653$10,042$9,467$7,123
7 years$10,175$9,492$8,853$8,256$7,699$5,486
8 years$8,813$8,136$7,508$6,926$6,387$4,302
9 years$7,755$7,084$6,467$5,899$5,379$3,419
10 years$6,908$6,244$5,638$5,085$4,583$2,745
11 years$6,216$5,559$4,963$4,426$3,942$2,220
12 years$5,640$4,989$4,405$3,882$3,416$1,807
13 years$5,153$4,509$3,936$3,427$2,979$1,478
14 years$4,735$4,098$3,536$3,042$2,611$1,213
15 years$4,374$3,744$3,193$2,713$2,299$999
16 years$4,058$3,435$2,895$2,429$2,032$825
17 years$3,780$3,164$2,634$2,183$1,802$683
18 years$3,533$2,923$2,404$1,967$1,602$566
19 years$3,312$2,709$2,201$1,777$1,428$469
20 years$3,113$2,518$2,020$1,610$1,275$390
21 years$2,934$2,345$1,858$1,461$1,141$324
22 years$2,771$2,189$1,713$1,328$1,023$270
23 years$2,622$2,047$1,581$1,210$918$225
24 years$2,486$1,918$1,462$1,103$825$187
25 years$2,362$1,800$1,354$1,008$743$156
26 years$2,247$1,692$1,256$921$669$130
27 years$2,140$1,592$1,166$843$603$109
28 years$2,042$1,500$1,084$773$544$91
29 years$1,950$1,415$1,009$709$491$76
30 years$1,865$1,337$940$650$444$63
31 years$1,785$1,264$876$597$401$53
32 years$1,710$1,196$818$549$363$44
33 years$1,640$1,132$763$505$329$37
34 years$1,575$1,073$713$464$298$31
35 years$1,513$1,018$667$428$270$26
36 years$1,455$966$624$394$244$21
37 years$1,400$918$584$363$221$18
38 years$1,348$872$547$334$201$15
39 years$1,299$829$512$308$182$12
40 years$1,252$789$480$284$165$10
41 years$1,208$751$450$262$150$9
42 years$1,166$715$422$242$136$7
43 years$1,126$681$396$224$123$6
44 years$1,088$650$372$206$112$5
45 years$1,052$619$349$191$102$4
46 years$1,018$591$328$176$92$4
47 years$985$564$308$163$84$3
48 years$953$538$290$150$76$2
49 years$923$514$272$139$69$2
50 years$894$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $916,000, adding $3,503 every year, while hoping to spend $39,491 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: 67/19/14 Blend
44$916,000$916,000$916,000$916,000
45$1,013,045$964,497$950,299$1,077,407
46$1,074,358$969,740$940,116$1,126,005
47$1,140,601$973,915$928,268$1,174,142
48$1,212,235$976,930$914,659$1,225,777
49$1,289,768$978,684$899,184$1,281,249
50$1,373,756$979,072$881,739$1,340,934
51$1,464,813$977,980$862,211$1,405,245
52$1,563,612$975,290$840,483$1,474,639
53$1,670,895$970,873$816,434$1,549,621
54$1,787,475$964,595$789,933$1,630,747
55$1,914,251$956,313$760,849$1,718,632
56$2,052,208$945,876$729,041$1,813,952
57$2,202,431$933,122$694,363$1,917,458
58$2,366,116$917,882$656,661$2,029,973
59$2,544,577$899,975$615,775$2,152,411
60$2,739,259$879,209$571,539$2,285,777
61$2,951,756$855,383$523,778$2,431,181
62$3,183,820$828,282$472,310$2,589,848
63$3,437,381$797,678$416,943$2,763,130
64$3,714,562$763,333$357,479$2,952,520
65$4,017,703$724,992$293,710$3,159,662
66$4,349,378$682,386$225,419$3,386,375
67$4,712,422$635,231$152,379$3,634,661
68$5,109,959$583,227$74,353$3,906,733
69$5,545,426$526,056$0$4,205,030
70$6,022,609$463,383$0$4,533,575
71$6,545,679$394,852$0$4,905,946
72$7,119,228$320,090$0$5,314,340
73$7,748,315$238,699$0$5,762,414
74$8,438,511$150,263$0$6,254,196
75$9,195,952$54,339$0$6,794,130
76$10,027,399$0$0$7,387,114
77$10,940,297$0$0$8,048,904
78$11,942,850$0$0$8,788,223
79$13,044,092$0$0$9,600,379
80$14,253,977$0$0$10,492,722
81$15,583,472$0$0$11,473,347
82$17,044,655$0$0$12,551,172
83$18,650,838$0$0$13,736,023
84$20,416,681$0$0$15,038,724
85$22,358,339$0$0$16,471,203
86$24,493,609$0$0$18,046,598
87$26,842,101$0$0$19,779,386
88$29,425,419$0$0$21,685,517
89$32,267,365$0$0$23,782,566
90$35,394,168$0$0$26,089,895
91$38,834,724$0$0$28,628,840
92$42,620,872$0$0$31,422,906
93$46,787,696$0$0$34,497,996
94$51,373,849$0$0$37,882,649
95$56,421,926$0$0$41,608,311
96$61,978,856$0$0$45,709,632
97$68,096,352$0$0$50,224,792
98$74,831,397$0$0$55,195,860
99$82,246,776$0$0$60,669,194
100$90,411,675$0$0$66,695,873