Can I retire at age 45 with 917,000?

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 $917,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$75,725$75,050$74,392$73,750$73,123$71,588
2 years$37,488$36,789$36,113$35,457$34,820$33,281
3 years$24,743$24,042$23,367$22,717$22,092$20,596
4 years$18,373$17,674$17,005$16,367$15,756$14,316
5 years$14,551$13,856$13,197$12,571$11,977$10,597
6 years$12,004$11,315$10,665$10,053$9,477$8,157
7 years$10,186$9,502$8,863$8,265$7,708$6,449
8 years$8,823$8,145$7,516$6,934$6,394$5,196
9 years$7,763$7,092$6,474$5,906$5,385$4,247
10 years$6,916$6,251$5,644$5,091$4,588$3,509
11 years$6,223$5,565$4,969$4,431$3,946$2,924
12 years$5,646$4,995$4,410$3,886$3,419$2,453
13 years$5,158$4,514$3,940$3,431$2,982$2,070
14 years$4,741$4,103$3,540$3,046$2,614$1,754
15 years$4,379$3,748$3,196$2,716$2,301$1,492
16 years$4,063$3,439$2,898$2,432$2,034$1,273
17 years$3,784$3,167$2,637$2,185$1,804$1,090
18 years$3,537$2,926$2,407$1,969$1,604$934
19 years$3,315$2,712$2,204$1,779$1,429$803
20 years$3,117$2,520$2,022$1,612$1,277$691
21 years$2,937$2,348$1,860$1,463$1,143$595
22 years$2,774$2,191$1,714$1,330$1,024$513
23 years$2,625$2,050$1,583$1,211$919$443
24 years$2,489$1,920$1,464$1,105$826$383
25 years$2,364$1,802$1,356$1,009$744$331
26 years$2,249$1,694$1,258$922$670$287
27 years$2,142$1,594$1,168$844$604$248
28 years$2,044$1,502$1,086$774$545$215
29 years$1,952$1,417$1,010$709$492$186
30 years$1,867$1,338$941$651$445$161
31 years$1,787$1,265$877$598$402$140
32 years$1,712$1,197$818$549$364$121
33 years$1,642$1,134$764$505$329$105
34 years$1,576$1,074$714$465$298$91
35 years$1,515$1,019$668$428$270$79
36 years$1,456$967$625$394$244$69
37 years$1,401$919$585$363$222$60
38 years$1,349$873$547$335$201$52
39 years$1,300$830$513$309$182$45
40 years$1,254$790$481$285$165$39
41 years$1,209$752$451$263$150$34
42 years$1,167$716$423$242$136$30
43 years$1,128$682$397$224$123$26
44 years$1,090$650$372$207$112$22
45 years$1,053$620$350$191$102$19
46 years$1,019$592$328$176$92$17
47 years$986$565$309$163$84$15
48 years$954$539$290$150$76$13
49 years$924$515$273$139$69$11
50 years$895$492$256$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $917,000, adding $6,148 every year, while hoping to spend $21,689 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: 79/12/9 Blend
44$917,000$917,000$917,000$917,000
45$1,016,876$968,275$954,061$1,095,333
46$1,097,520$992,643$962,945$1,172,066
47$1,185,663$1,017,479$971,400$1,252,780
48$1,282,047$1,042,782$979,388$1,340,685
49$1,387,489$1,068,551$986,871$1,436,489
50$1,502,888$1,094,785$993,806$1,540,972
51$1,629,235$1,121,482$1,000,151$1,654,991
52$1,767,620$1,148,637$1,005,859$1,779,492
53$1,919,245$1,176,248$1,010,883$1,915,515
54$2,085,432$1,204,309$1,015,172$2,064,206
55$2,267,639$1,232,813$1,018,673$2,226,829
56$2,467,470$1,261,753$1,021,331$2,404,774
57$2,686,693$1,291,119$1,023,086$2,599,574
58$2,927,254$1,320,902$1,023,877$2,812,916
59$3,191,297$1,351,090$1,023,641$3,046,659
60$3,481,185$1,381,669$1,022,308$3,302,852
61$3,799,520$1,412,624$1,019,809$3,583,752
62$4,149,166$1,443,939$1,016,069$3,891,845
63$4,533,283$1,475,594$1,011,009$4,229,871
64$4,955,349$1,507,568$1,004,548$4,600,847
65$5,419,194$1,539,839$996,601$5,008,098
66$5,929,042$1,572,381$987,076$5,455,289
67$6,489,542$1,605,166$975,881$5,946,455
68$7,105,819$1,638,162$962,917$6,486,046
69$7,783,518$1,671,338$948,080$7,078,962
70$8,528,859$1,704,655$931,263$7,730,604
71$9,348,694$1,738,075$912,352$8,446,921
72$10,250,574$1,771,554$891,229$9,234,470
73$11,242,818$1,805,046$867,771$10,100,478
74$12,334,591$1,838,499$841,847$11,052,904
75$13,535,993$1,871,859$813,322$12,100,521
76$14,858,151$1,905,067$782,055$13,252,997
77$16,313,326$1,938,058$747,897$14,520,984
78$17,915,027$1,970,765$710,694$15,916,220
79$19,678,141$2,003,114$670,284$17,451,641
80$21,619,070$2,035,025$626,496$19,141,499
81$23,755,887$2,066,413$579,156$21,001,504
82$26,108,506$2,097,186$528,077$23,048,962
83$28,698,873$2,127,247$473,066$25,302,950
84$31,551,167$2,156,492$413,923$27,784,485
85$34,692,033$2,184,807$350,436$30,516,731
86$38,150,831$2,212,072$282,386$33,525,211
87$41,959,912$2,238,161$209,543$36,838,055
88$46,154,927$2,262,935$131,667$40,486,258
89$50,775,160$2,286,249$48,508$44,503,979
90$55,863,898$2,307,947$0$48,928,860
91$61,468,842$2,327,862$0$53,806,246
92$67,642,555$2,345,819$0$59,183,207
93$74,442,960$2,361,628$0$65,105,483
94$81,933,883$2,375,089$0$71,628,614
95$90,185,659$2,385,988$0$78,813,805
96$99,275,793$2,394,099$0$86,728,504
97$109,289,694$2,399,180$0$95,447,033
98$120,321,478$2,400,974$0$105,051,297
99$132,474,857$2,399,210$0$115,631,550
100$145,864,119$2,393,598$0$127,287,254