Can I retire at age 45 with 918,000?

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 $918,000?

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 years$75,808$75,132$74,474$73,830$73,203$71,695
2 years$37,529$36,830$36,152$35,495$34,858$33,347
3 years$24,770$24,069$23,393$22,742$22,116$20,647
4 years$18,393$17,693$17,024$16,385$15,773$14,358
5 years$14,567$13,871$13,211$12,585$11,990$10,634
6 years$12,017$11,327$10,677$10,064$9,488$8,190
7 years$10,197$9,512$8,872$8,274$7,716$6,478
8 years$8,832$8,154$7,525$6,941$6,401$5,223
9 years$7,771$7,099$6,481$5,912$5,391$4,271
10 years$6,923$6,258$5,650$5,096$4,593$3,531
11 years$6,230$5,571$4,974$4,435$3,950$2,944
12 years$5,652$5,000$4,415$3,890$3,423$2,472
13 years$5,164$4,519$3,944$3,435$2,985$2,087
14 years$4,746$4,107$3,544$3,049$2,617$1,770
15 years$4,384$3,752$3,200$2,719$2,304$1,507
16 years$4,067$3,443$2,901$2,435$2,036$1,287
17 years$3,788$3,170$2,640$2,188$1,805$1,102
18 years$3,540$2,930$2,410$1,971$1,605$945
19 years$3,319$2,715$2,206$1,781$1,431$813
20 years$3,120$2,523$2,025$1,613$1,278$700
21 years$2,940$2,350$1,862$1,464$1,144$603
22 years$2,777$2,194$1,716$1,331$1,025$521
23 years$2,628$2,052$1,585$1,212$920$450
24 years$2,492$1,922$1,466$1,106$827$389
25 years$2,367$1,804$1,357$1,010$744$337
26 years$2,251$1,696$1,259$923$670$292
27 years$2,145$1,596$1,169$845$604$253
28 years$2,046$1,504$1,087$774$545$219
29 years$1,954$1,418$1,011$710$493$190
30 years$1,869$1,340$942$652$445$165
31 years$1,789$1,266$878$599$402$143
32 years$1,714$1,198$819$550$364$124
33 years$1,644$1,135$765$506$329$108
34 years$1,578$1,076$715$465$298$94
35 years$1,516$1,020$668$428$270$81
36 years$1,458$968$625$395$245$71
37 years$1,403$920$585$364$222$61
38 years$1,351$874$548$335$201$53
39 years$1,302$831$513$309$182$46
40 years$1,255$791$481$285$165$40
41 years$1,211$753$451$263$150$35
42 years$1,169$717$423$243$136$30
43 years$1,129$683$397$224$124$26
44 years$1,091$651$373$207$112$23
45 years$1,054$621$350$191$102$20
46 years$1,020$592$329$176$92$17
47 years$987$565$309$163$84$15
48 years$955$539$290$151$76$13
49 years$925$515$273$139$69$11
50 years$896$492$257$129$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $918,000, adding $6,237 every year, while hoping to spend $37,934 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: 33/44/23 Blend
44$918,000$918,000$918,000$918,000
45$1,018,069$969,415$955,186$1,044,322
46$1,081,551$976,555$946,824$1,071,660
47$1,150,236$982,774$936,909$1,097,232
48$1,224,616$987,985$925,352$1,124,021
49$1,305,230$992,100$912,054$1,152,161
50$1,392,671$995,020$896,915$1,181,797
51$1,487,592$996,644$879,830$1,213,095
52$1,590,710$996,863$860,688$1,246,239
53$1,702,814$995,562$839,373$1,281,436
54$1,824,774$992,617$815,765$1,318,916
55$1,957,544$987,898$789,736$1,358,937
56$2,102,176$981,268$761,155$1,401,785
57$2,259,827$972,579$729,882$1,447,781
58$2,431,770$961,676$695,774$1,497,282
59$2,619,406$948,393$658,678$1,550,686
60$2,824,278$932,558$618,437$1,608,435
61$3,048,085$913,984$574,885$1,671,022
62$3,292,696$892,475$527,849$1,738,996
63$3,560,168$867,824$477,150$1,812,967
64$3,852,769$839,810$422,598$1,893,613
65$4,172,993$808,203$363,997$1,981,687
66$4,523,588$772,755$301,140$2,078,026
67$4,907,580$733,205$233,814$2,183,559
68$5,328,300$689,280$161,794$2,299,318
69$5,789,419$640,686$84,846$2,426,447
70$6,294,977$587,117$2,726$2,566,215
71$6,849,425$528,247$0$2,720,032
72$7,457,667$463,731$0$2,910,295
73$8,125,102$393,206$0$3,119,965
74$8,857,677$316,289$0$3,350,358
75$9,661,946$232,573$0$3,603,669
76$10,545,125$141,629$0$3,882,324
77$11,515,164$43,006$0$4,189,004
78$12,580,822$0$0$4,526,674
79$13,751,748$0$0$4,929,488
80$15,038,569$0$0$5,395,202
81$16,452,997$0$0$5,907,250
82$18,007,932$0$0$6,470,323
83$19,717,588$0$0$7,089,585
84$21,597,623$0$0$7,770,730
85$23,665,290$0$0$8,520,029
86$25,939,597$0$0$9,344,391
87$28,441,488$0$0$10,251,432
88$31,194,038$0$0$11,249,538
89$34,222,670$0$0$12,347,955
90$37,555,398$0$0$13,556,864
91$41,223,088$0$0$14,887,490
92$45,259,749$0$0$16,352,196
93$49,702,855$0$0$17,964,606
94$54,593,696$0$0$19,739,734
95$59,977,768$0$0$21,694,120
96$65,905,205$0$0$23,845,994
97$72,431,246$0$0$26,215,440
98$79,616,760$0$0$28,824,589
99$87,528,819$0$0$31,697,830
100$96,241,328$0$0$34,862,035