Can I retire at age 45 with 917,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$75,725$75,050$74,392$73,750$73,123$71,852
2 years$37,488$36,789$36,113$35,457$34,820$33,545
3 years$24,743$24,042$23,367$22,717$22,092$20,850
4 years$18,373$17,674$17,005$16,367$15,756$14,558
5 years$14,551$13,856$13,197$12,571$11,977$10,827
6 years$12,004$11,315$10,665$10,053$9,477$8,376
7 years$10,186$9,502$8,863$8,265$7,708$6,655
8 years$8,823$8,145$7,516$6,934$6,394$5,390
9 years$7,763$7,092$6,474$5,906$5,385$4,429
10 years$6,916$6,251$5,644$5,091$4,588$3,680
11 years$6,223$5,565$4,969$4,431$3,946$3,084
12 years$5,646$4,995$4,410$3,886$3,419$2,603
13 years$5,158$4,514$3,940$3,431$2,982$2,209
14 years$4,741$4,103$3,540$3,046$2,614$1,884
15 years$4,379$3,748$3,196$2,716$2,301$1,612
16 years$4,063$3,439$2,898$2,432$2,034$1,385
17 years$3,784$3,167$2,637$2,185$1,804$1,192
18 years$3,537$2,926$2,407$1,969$1,604$1,029
19 years$3,315$2,712$2,204$1,779$1,429$890
20 years$3,117$2,520$2,022$1,612$1,277$771
21 years$2,937$2,348$1,860$1,463$1,143$669
22 years$2,774$2,191$1,714$1,330$1,024$581
23 years$2,625$2,050$1,583$1,211$919$505
24 years$2,489$1,920$1,464$1,105$826$440
25 years$2,364$1,802$1,356$1,009$744$383
26 years$2,249$1,694$1,258$922$670$334
27 years$2,142$1,594$1,168$844$604$291
28 years$2,044$1,502$1,086$774$545$254
29 years$1,952$1,417$1,010$709$492$222
30 years$1,867$1,338$941$651$445$194
31 years$1,787$1,265$877$598$402$169
32 years$1,712$1,197$818$549$364$148
33 years$1,642$1,134$764$505$329$129
34 years$1,576$1,074$714$465$298$113
35 years$1,515$1,019$668$428$270$99
36 years$1,456$967$625$394$244$86
37 years$1,401$919$585$363$222$76
38 years$1,349$873$547$335$201$66
39 years$1,300$830$513$309$182$58
40 years$1,254$790$481$285$165$51
41 years$1,209$752$451$263$150$44
42 years$1,167$716$423$242$136$39
43 years$1,128$682$397$224$123$34
44 years$1,090$650$372$207$112$30
45 years$1,053$620$350$191$102$26
46 years$1,019$592$328$176$92$23
47 years$986$565$309$163$84$20
48 years$954$539$290$150$76$17
49 years$924$515$273$139$69$15
50 years$895$492$256$129$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $917,000, adding $3,837 every year, while hoping to spend $54,865 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: 41/50/9 Blend
44$917,000$917,000$917,000$917,000
45$1,014,492$965,891$951,677$1,053,223
46$1,059,594$954,844$925,183$1,069,665
47$1,107,458$941,416$895,961$1,081,657
48$1,158,307$925,434$863,865$1,093,395
49$1,212,386$906,712$828,736$1,104,878
50$1,269,964$885,055$790,412$1,116,109
51$1,331,332$860,255$748,723$1,127,095
52$1,396,813$832,092$703,490$1,137,851
53$1,466,757$800,334$654,527$1,148,395
54$1,541,552$764,736$601,639$1,158,757
55$1,621,619$725,036$544,622$1,168,970
56$1,707,421$680,961$483,265$1,179,081
57$1,799,468$632,218$417,344$1,189,146
58$1,898,318$578,500$346,629$1,199,235
59$2,004,582$519,483$270,877$1,209,432
60$2,118,933$454,821$189,835$1,219,836
61$2,242,109$384,152$103,240$1,230,566
62$2,374,921$307,093$10,815$1,241,761
63$2,518,260$223,237$0$1,253,586
64$2,673,104$132,157$0$1,274,662
65$2,840,528$33,400$0$1,298,434
66$3,021,715$0$0$1,324,145
67$3,217,963$0$0$1,392,562
68$3,430,702$0$0$1,486,749
69$3,661,502$0$0$1,589,035
70$3,912,092$0$0$1,700,199
71$4,184,370$0$0$1,821,098
72$4,480,428$0$0$1,952,674
73$4,802,566$0$0$2,095,964
74$5,153,313$0$0$2,252,110
75$5,535,454$0$0$2,422,367
76$5,952,054$0$0$2,608,117
77$6,406,484$0$0$2,810,882
78$6,902,457$0$0$3,032,336
79$7,444,058$0$0$3,274,323
80$8,035,785$0$0$3,538,872
81$8,682,590$0$0$3,828,218
82$9,389,925$0$0$4,144,821
83$10,163,791$0$0$4,491,391
84$11,010,799$0$0$4,870,910
85$11,938,226$0$0$5,286,664
86$12,954,087$0$0$5,742,272
87$14,067,208$0$0$6,241,717
88$15,287,309$0$0$6,789,388
89$16,625,095$0$0$7,390,118
90$18,092,358$0$0$8,049,232
91$19,702,085$0$0$8,772,593
92$21,468,578$0$0$9,566,660
93$23,407,596$0$0$10,438,549
94$25,536,495$0$0$11,396,098
95$27,874,392$0$0$12,447,940
96$30,442,350$0$0$13,603,587
97$33,263,571$0$0$14,873,518
98$36,363,612$0$0$16,269,277
99$39,770,634$0$0$17,803,581
100$43,515,657$0$0$19,490,441