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%14.6%
1 years$75,808$75,132$74,474$73,830$73,203$71,813
2 years$37,529$36,830$36,152$35,495$34,858$33,464
3 years$24,770$24,069$23,393$22,742$22,116$20,759
4 years$18,393$17,693$17,024$16,385$15,773$14,466
5 years$14,567$13,871$13,211$12,585$11,990$10,736
6 years$12,017$11,327$10,677$10,064$9,488$8,287
7 years$10,197$9,512$8,872$8,274$7,716$6,570
8 years$8,832$8,154$7,525$6,941$6,401$5,309
9 years$7,771$7,099$6,481$5,912$5,391$4,352
10 years$6,923$6,258$5,650$5,096$4,593$3,607
11 years$6,230$5,571$4,974$4,435$3,950$3,015
12 years$5,652$5,000$4,415$3,890$3,423$2,538
13 years$5,164$4,519$3,944$3,435$2,985$2,148
14 years$4,746$4,107$3,544$3,049$2,617$1,827
15 years$4,384$3,752$3,200$2,719$2,304$1,560
16 years$4,067$3,443$2,901$2,435$2,036$1,336
17 years$3,788$3,170$2,640$2,188$1,805$1,147
18 years$3,540$2,930$2,410$1,971$1,605$987
19 years$3,319$2,715$2,206$1,781$1,431$851
20 years$3,120$2,523$2,025$1,613$1,278$735
21 years$2,940$2,350$1,862$1,464$1,144$636
22 years$2,777$2,194$1,716$1,331$1,025$550
23 years$2,628$2,052$1,585$1,212$920$477
24 years$2,492$1,922$1,466$1,106$827$414
25 years$2,367$1,804$1,357$1,010$744$359
26 years$2,251$1,696$1,259$923$670$312
27 years$2,145$1,596$1,169$845$604$271
28 years$2,046$1,504$1,087$774$545$236
29 years$1,954$1,418$1,011$710$493$205
30 years$1,869$1,340$942$652$445$179
31 years$1,789$1,266$878$599$402$156
32 years$1,714$1,198$819$550$364$136
33 years$1,644$1,135$765$506$329$118
34 years$1,578$1,076$715$465$298$103
35 years$1,516$1,020$668$428$270$90
36 years$1,458$968$625$395$245$78
37 years$1,403$920$585$364$222$68
38 years$1,351$874$548$335$201$59
39 years$1,302$831$513$309$182$52
40 years$1,255$791$481$285$165$45
41 years$1,211$753$451$263$150$39
42 years$1,169$717$423$243$136$34
43 years$1,129$683$397$224$124$30
44 years$1,091$651$373$207$112$26
45 years$1,054$621$350$191$102$23
46 years$1,020$592$329$176$92$20
47 years$987$565$309$163$84$17
48 years$955$539$290$151$76$15
49 years$925$515$273$139$69$13
50 years$896$492$257$129$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $918,000, adding $5,451 every year, while hoping to spend $23,076 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: 29/45/26 Blend
44$918,000$918,000$918,000$918,000
45$1,017,259$968,605$954,376$1,038,436
46$1,096,466$991,514$961,795$1,078,378
47$1,182,980$1,014,772$968,689$1,118,904
48$1,277,520$1,038,372$975,016$1,162,006
49$1,380,880$1,062,305$980,732$1,207,921
50$1,493,934$1,086,562$985,791$1,256,912
51$1,617,645$1,111,133$990,144$1,309,269
52$1,753,070$1,136,004$993,739$1,365,309
53$1,901,377$1,161,162$996,524$1,425,386
54$2,063,851$1,186,593$998,441$1,489,886
55$2,241,906$1,212,278$999,430$1,559,239
56$2,437,100$1,238,199$999,431$1,633,917
57$2,651,149$1,264,335$998,377$1,714,441
58$2,885,943$1,290,665$996,199$1,801,386
59$3,143,564$1,317,162$992,827$1,895,386
60$3,426,305$1,343,801$988,184$1,997,142
61$3,736,692$1,370,551$982,192$2,107,424
62$4,077,506$1,397,380$974,767$2,227,086
63$4,451,814$1,424,253$965,823$2,357,066
64$4,862,990$1,451,133$955,270$2,498,401
65$5,314,755$1,477,978$943,011$2,652,236
66$5,811,205$1,504,744$928,947$2,819,832
67$6,356,855$1,531,384$912,975$3,002,581
68$6,956,679$1,557,846$894,983$3,202,018
69$7,616,154$1,584,074$874,859$3,419,839
70$8,341,317$1,610,009$852,482$3,657,912
71$9,138,818$1,635,587$827,728$3,918,298
72$10,015,986$1,660,739$800,465$4,203,272
73$10,980,892$1,685,391$770,556$4,515,341
74$12,042,432$1,709,464$737,859$4,857,274
75$13,210,406$1,732,874$702,223$5,232,121
76$14,495,613$1,755,529$663,492$5,643,249
77$15,909,949$1,777,334$621,503$6,094,371
78$17,466,525$1,798,184$576,084$6,589,581
79$19,179,784$1,817,969$527,057$7,133,396
80$21,065,645$1,836,572$474,236$7,730,797
81$23,141,642$1,853,866$417,425$8,387,276
82$25,427,102$1,869,718$356,421$9,108,892
83$27,943,316$1,883,984$291,011$9,902,324
84$30,713,748$1,896,512$220,973$10,774,940
85$33,764,250$1,907,142$146,076$11,734,863
86$37,123,312$1,915,699$66,077$12,791,052
87$40,822,323$1,922,002$0$13,953,383
88$44,895,875$1,925,855$0$15,238,103
89$49,382,085$1,927,052$0$16,671,778
90$54,322,952$1,925,373$0$18,249,376
91$59,764,761$1,920,584$0$19,985,578
92$65,758,512$1,912,438$0$21,896,565
93$72,360,405$1,900,672$0$24,000,172
94$79,632,368$1,885,006$0$26,316,059
95$87,642,644$1,865,146$0$28,865,894
96$96,466,433$1,840,778$0$31,673,561
97$106,186,602$1,811,569$0$34,765,384
98$116,894,467$1,777,167$0$38,170,381
99$128,690,654$1,737,200$0$41,920,532
100$141,686,051$1,691,273$0$46,051,087