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%18.2%
1 years$75,725$75,050$74,392$73,750$73,123$70,697
2 years$37,488$36,789$36,113$35,457$34,820$32,400
3 years$24,743$24,042$23,367$22,717$22,092$19,753
4 years$18,373$17,674$17,005$16,367$15,756$13,516
5 years$14,551$13,856$13,197$12,571$11,977$9,843
6 years$12,004$11,315$10,665$10,053$9,477$7,450
7 years$10,186$9,502$8,863$8,265$7,708$5,787
8 years$8,823$8,145$7,516$6,934$6,394$4,579
9 years$7,763$7,092$6,474$5,906$5,385$3,673
10 years$6,916$6,251$5,644$5,091$4,588$2,976
11 years$6,223$5,565$4,969$4,431$3,946$2,431
12 years$5,646$4,995$4,410$3,886$3,419$1,999
13 years$5,158$4,514$3,940$3,431$2,982$1,652
14 years$4,741$4,103$3,540$3,046$2,614$1,370
15 years$4,379$3,748$3,196$2,716$2,301$1,141
16 years$4,063$3,439$2,898$2,432$2,034$952
17 years$3,784$3,167$2,637$2,185$1,804$796
18 years$3,537$2,926$2,407$1,969$1,604$667
19 years$3,315$2,712$2,204$1,779$1,429$560
20 years$3,117$2,520$2,022$1,612$1,277$471
21 years$2,937$2,348$1,860$1,463$1,143$396
22 years$2,774$2,191$1,714$1,330$1,024$333
23 years$2,625$2,050$1,583$1,211$919$281
24 years$2,489$1,920$1,464$1,105$826$237
25 years$2,364$1,802$1,356$1,009$744$200
26 years$2,249$1,694$1,258$922$670$169
27 years$2,142$1,594$1,168$844$604$142
28 years$2,044$1,502$1,086$774$545$120
29 years$1,952$1,417$1,010$709$492$102
30 years$1,867$1,338$941$651$445$86
31 years$1,787$1,265$877$598$402$73
32 years$1,712$1,197$818$549$364$61
33 years$1,642$1,134$764$505$329$52
34 years$1,576$1,074$714$465$298$44
35 years$1,515$1,019$668$428$270$37
36 years$1,456$967$625$394$244$31
37 years$1,401$919$585$363$222$27
38 years$1,349$873$547$335$201$22
39 years$1,300$830$513$309$182$19
40 years$1,254$790$481$285$165$16
41 years$1,209$752$451$263$150$14
42 years$1,167$716$423$242$136$11
43 years$1,128$682$397$224$123$10
44 years$1,090$650$372$207$112$8
45 years$1,053$620$350$191$102$7
46 years$1,019$592$328$176$92$6
47 years$986$565$309$163$84$5
48 years$954$539$290$150$76$4
49 years$924$515$273$139$69$4
50 years$895$492$256$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $917,000, adding $4,244 every year, while hoping to spend $28,831 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: 31/49/20 Blend
44$917,000$917,000$917,000$917,000
45$1,014,912$966,311$952,097$1,039,933
46$1,087,757$982,984$953,316$1,075,826
47$1,167,066$999,508$953,610$1,111,534
48$1,253,467$1,015,845$952,917$1,149,366
49$1,347,654$1,031,954$951,173$1,189,526
50$1,450,387$1,047,792$948,310$1,232,237
51$1,562,505$1,063,312$944,256$1,277,747
52$1,684,930$1,078,465$938,939$1,326,329
53$1,818,680$1,093,196$932,280$1,378,289
54$1,964,870$1,107,448$924,197$1,433,960
55$2,124,734$1,121,160$914,604$1,493,716
56$2,299,627$1,134,267$903,413$1,557,966
57$2,491,041$1,146,698$890,530$1,627,166
58$2,700,620$1,158,379$875,855$1,701,818
59$2,930,174$1,169,230$859,288$1,782,479
60$3,181,697$1,179,168$840,719$1,869,763
61$3,457,383$1,188,100$820,036$1,964,353
62$3,759,651$1,195,931$797,121$2,066,998
63$4,091,163$1,202,559$771,852$2,178,532
64$4,454,851$1,207,875$744,100$2,299,873
65$4,853,948$1,211,762$713,728$2,432,038
66$5,292,010$1,214,098$680,598$2,576,150
67$5,772,958$1,214,752$644,561$2,733,450
68$6,301,109$1,213,584$605,463$2,905,311
69$6,881,220$1,210,447$563,144$3,093,248
70$7,518,530$1,205,185$517,435$3,298,936
71$8,218,811$1,197,631$468,160$3,524,225
72$8,988,423$1,187,608$415,137$3,771,159
73$9,834,372$1,174,930$358,173$4,041,996
74$10,764,374$1,159,398$297,069$4,339,228
75$11,786,935$1,140,803$231,615$4,665,611
76$12,911,421$1,118,921$161,592$5,024,185
77$14,148,154$1,093,516$86,774$5,418,308
78$15,508,507$1,064,340$6,923$5,851,687
79$17,005,009$1,031,127$0$6,328,416
80$18,651,466$993,598$0$6,869,720
81$20,463,087$951,456$0$7,466,545
82$22,456,632$904,388$0$8,122,973
83$24,650,568$852,062$0$8,845,144
84$27,065,241$794,128$0$9,639,826
85$29,723,071$730,216$0$10,514,489
86$32,648,761$659,932$0$11,477,369
87$35,869,529$582,864$0$12,537,552
88$39,415,370$498,573$0$13,705,058
89$43,319,332$406,597$0$14,990,940
90$47,617,831$306,448$0$16,407,386
91$52,350,995$197,609$0$17,967,839
92$57,563,040$79,535$0$19,687,123
93$63,302,689$0$0$21,581,588
94$69,623,631$0$0$23,695,330
95$76,585,028$0$0$26,070,663
96$84,252,071$0$0$28,686,971
97$92,696,595$0$0$31,568,790
98$101,997,763$0$0$34,743,160
99$112,242,801$0$0$38,239,879
100$123,527,834$0$0$42,091,780