Can I retire at age 45 with 918,000?

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 $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%15.8%
1 years$75,808$75,132$74,474$73,830$73,203$71,462
2 years$37,529$36,830$36,152$35,495$34,858$33,115
3 years$24,770$24,069$23,393$22,742$22,116$20,424
4 years$18,393$17,693$17,024$16,385$15,773$14,146
5 years$14,567$13,871$13,211$12,585$11,990$10,432
6 years$12,017$11,327$10,677$10,064$9,488$8,000
7 years$10,197$9,512$8,872$8,274$7,716$6,300
8 years$8,832$8,154$7,525$6,941$6,401$5,055
9 years$7,771$7,099$6,481$5,912$5,391$4,114
10 years$6,923$6,258$5,650$5,096$4,593$3,385
11 years$6,230$5,571$4,974$4,435$3,950$2,808
12 years$5,652$5,000$4,415$3,890$3,423$2,345
13 years$5,164$4,519$3,944$3,435$2,985$1,969
14 years$4,746$4,107$3,544$3,049$2,617$1,661
15 years$4,384$3,752$3,200$2,719$2,304$1,406
16 years$4,067$3,443$2,901$2,435$2,036$1,194
17 years$3,788$3,170$2,640$2,188$1,805$1,017
18 years$3,540$2,930$2,410$1,971$1,605$867
19 years$3,319$2,715$2,206$1,781$1,431$741
20 years$3,120$2,523$2,025$1,613$1,278$634
21 years$2,940$2,350$1,862$1,464$1,144$544
22 years$2,777$2,194$1,716$1,331$1,025$466
23 years$2,628$2,052$1,585$1,212$920$400
24 years$2,492$1,922$1,466$1,106$827$344
25 years$2,367$1,804$1,357$1,010$744$296
26 years$2,251$1,696$1,259$923$670$255
27 years$2,145$1,596$1,169$845$604$219
28 years$2,046$1,504$1,087$774$545$189
29 years$1,954$1,418$1,011$710$493$163
30 years$1,869$1,340$942$652$445$140
31 years$1,789$1,266$878$599$402$121
32 years$1,714$1,198$819$550$364$104
33 years$1,644$1,135$765$506$329$90
34 years$1,578$1,076$715$465$298$78
35 years$1,516$1,020$668$428$270$67
36 years$1,458$968$625$395$245$58
37 years$1,403$920$585$364$222$50
38 years$1,351$874$548$335$201$43
39 years$1,302$831$513$309$182$37
40 years$1,255$791$481$285$165$32
41 years$1,211$753$451$263$150$28
42 years$1,169$717$423$243$136$24
43 years$1,129$683$397$224$124$21
44 years$1,091$651$373$207$112$18
45 years$1,054$621$350$191$102$15
46 years$1,020$592$329$176$92$13
47 years$987$565$309$163$84$11
48 years$955$539$290$151$76$10
49 years$925$515$273$139$69$9
50 years$896$492$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $918,000, adding $2,544 every year, while hoping to spend $53,040 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: 69/9/22 Blend
44$918,000$918,000$918,000$918,000
45$1,014,260$965,606$951,377$1,078,485
46$1,061,281$956,487$926,814$1,112,645
47$1,111,319$945,143$899,651$1,143,592
48$1,164,628$931,409$869,743$1,176,181
49$1,221,484$915,111$836,943$1,210,572
50$1,282,187$896,064$801,092$1,246,940
51$1,347,070$874,071$762,029$1,285,483
52$1,416,494$848,924$719,580$1,326,417
53$1,490,859$820,403$673,569$1,369,984
54$1,570,601$788,277$623,807$1,416,452
55$1,656,197$752,298$570,100$1,466,117
56$1,748,175$712,206$512,244$1,519,308
57$1,847,110$667,726$450,025$1,576,390
58$1,953,637$618,565$383,222$1,637,765
59$2,068,449$564,417$311,602$1,703,882
60$2,192,312$504,954$234,922$1,775,235
61$2,326,065$439,834$152,929$1,852,373
62$2,470,630$368,692$65,358$1,935,902
63$2,627,021$291,145$0$2,026,496
64$2,796,352$206,786$0$2,131,492
65$2,979,848$115,186$0$2,261,919
66$3,178,856$15,894$0$2,403,401
67$3,394,857$0$0$2,557,019
68$3,629,481$0$0$2,733,031
69$3,884,520$0$0$2,926,114
70$4,161,944$0$0$3,136,193
71$4,463,924$0$0$3,364,916
72$4,792,846$0$0$3,614,096
73$5,151,336$0$0$3,885,731
74$5,542,285$0$0$4,182,017
75$5,968,875$0$0$4,505,372
76$6,434,607$0$0$4,858,458
77$6,943,336$0$0$5,244,206
78$7,499,306$0$0$5,665,840
79$8,107,190$0$0$6,126,913
80$8,772,130$0$0$6,631,335
81$9,499,792$0$0$7,183,412
82$10,296,411$0$0$7,787,884
83$11,168,857$0$0$8,449,974
84$12,124,691$0$0$9,175,429
85$13,172,244$0$0$9,970,583
86$14,320,689$0$0$10,842,410
87$15,580,129$0$0$11,798,590
88$16,961,691$0$0$12,847,583
89$18,477,633$0$0$13,998,708
90$20,141,455$0$0$15,262,229
91$21,968,029$0$0$16,649,452
92$23,973,737$0$0$18,172,831
93$26,176,622$0$0$19,846,088
94$28,596,566$0$0$21,684,334
95$31,255,466$0$0$23,704,222
96$34,177,449$0$0$25,924,092
97$37,389,093$0$0$28,364,153
98$40,919,679$0$0$31,046,669
99$44,801,467$0$0$33,996,166
100$49,069,999$0$0$37,239,668