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%19.8%
1 years$75,642$74,969$74,311$73,670$73,043$70,173
2 years$37,447$36,749$36,073$35,418$34,782$31,926
3 years$24,717$24,016$23,342$22,693$22,067$19,314
4 years$18,353$17,654$16,987$16,349$15,739$13,110
5 years$14,535$13,841$13,183$12,557$11,964$9,467
6 years$11,991$11,302$10,653$10,042$9,467$7,102
7 years$10,175$9,492$8,853$8,256$7,699$5,467
8 years$8,813$8,136$7,508$6,926$6,387$4,285
9 years$7,755$7,084$6,467$5,899$5,379$3,403
10 years$6,908$6,244$5,638$5,085$4,583$2,730
11 years$6,216$5,559$4,963$4,426$3,942$2,207
12 years$5,640$4,989$4,405$3,882$3,416$1,795
13 years$5,153$4,509$3,936$3,427$2,979$1,467
14 years$4,735$4,098$3,536$3,042$2,611$1,204
15 years$4,374$3,744$3,193$2,713$2,299$991
16 years$4,058$3,435$2,895$2,429$2,032$817
17 years$3,780$3,164$2,634$2,183$1,802$676
18 years$3,533$2,923$2,404$1,967$1,602$559
19 years$3,312$2,709$2,201$1,777$1,428$464
20 years$3,113$2,518$2,020$1,610$1,275$385
21 years$2,934$2,345$1,858$1,461$1,141$320
22 years$2,771$2,189$1,713$1,328$1,023$266
23 years$2,622$2,047$1,581$1,210$918$221
24 years$2,486$1,918$1,462$1,103$825$184
25 years$2,362$1,800$1,354$1,008$743$154
26 years$2,247$1,692$1,256$921$669$128
27 years$2,140$1,592$1,166$843$603$107
28 years$2,042$1,500$1,084$773$544$89
29 years$1,950$1,415$1,009$709$491$74
30 years$1,865$1,337$940$650$444$62
31 years$1,785$1,264$876$597$401$52
32 years$1,710$1,196$818$549$363$43
33 years$1,640$1,132$763$505$329$36
34 years$1,575$1,073$713$464$298$30
35 years$1,513$1,018$667$428$270$25
36 years$1,455$966$624$394$244$21
37 years$1,400$918$584$363$221$17
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$8
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$3
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 $5,864 every year, while hoping to spend $31,003 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: 52/24/24 Blend
44$916,000$916,000$916,000$916,000
45$1,015,481$966,933$952,735$1,061,222
46$1,086,073$981,325$951,664$1,107,875
47$1,162,826$995,384$949,519$1,154,941
48$1,246,337$1,009,060$946,230$1,205,501
49$1,337,259$1,022,301$941,725$1,259,900
50$1,436,316$1,035,050$935,929$1,318,519
51$1,544,300$1,047,247$928,763$1,381,777
52$1,662,085$1,058,829$920,143$1,450,138
53$1,790,633$1,069,726$909,982$1,524,116
54$1,931,001$1,079,866$898,191$1,604,275
55$2,084,355$1,089,172$884,672$1,691,239
56$2,251,978$1,097,560$869,327$1,785,699
57$2,435,281$1,104,942$852,051$1,888,416
58$2,635,820$1,111,224$832,735$2,000,230
59$2,855,306$1,116,306$811,264$2,122,067
60$3,095,624$1,120,082$787,518$2,254,954
61$3,358,851$1,122,440$761,373$2,400,019
62$3,647,273$1,123,258$732,698$2,558,510
63$3,963,406$1,122,409$701,355$2,731,803
64$4,310,025$1,119,759$667,202$2,921,419
65$4,690,183$1,115,163$630,089$3,129,035
66$5,107,245$1,108,468$589,859$3,356,500
67$5,564,914$1,099,513$546,350$3,605,857
68$6,067,272$1,088,127$499,390$3,879,359
69$6,618,815$1,074,126$448,801$4,179,492
70$7,224,496$1,057,319$394,397$4,509,000
71$7,889,768$1,037,502$335,983$4,870,908
72$8,620,642$1,014,457$273,355$5,268,557
73$9,423,737$987,955$206,303$5,705,628
74$10,306,348$957,754$134,604$6,186,187
75$11,276,508$923,598$58,026$6,714,714
76$12,343,071$885,213$0$7,296,156
77$13,515,789$842,313$0$7,942,033
78$14,805,406$794,593$0$8,668,545
79$16,223,761$741,731$0$9,467,519
80$17,783,896$683,388$0$10,346,344
81$19,500,183$619,203$0$11,313,163
82$21,388,454$548,796$0$12,376,953
83$23,466,155$471,766$0$13,547,610
84$25,752,508$387,688$0$14,836,041
85$28,268,692$296,113$0$16,254,269
86$31,038,045$196,569$0$17,815,547
87$34,086,278$88,554$0$19,534,483
88$37,441,726$0$0$21,427,181
89$41,135,607$0$0$23,518,903
90$45,202,320$0$0$25,847,609
91$49,679,771$0$0$28,411,631
92$54,609,726$0$0$31,234,901
93$60,038,210$0$0$34,343,792
94$66,015,935$0$0$37,767,362
95$72,598,784$0$0$41,537,631
96$79,848,333$0$0$45,689,885
97$87,832,438$0$0$50,263,005
98$96,625,868$0$0$55,299,834
99$106,311,015$0$0$60,847,586
100$116,978,670$0$0$66,958,283