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%13.9%
1 years$75,808$75,132$74,474$73,830$73,203$72,020
2 years$37,529$36,830$36,152$35,495$34,858$33,670
3 years$24,770$24,069$23,393$22,742$22,116$20,958
4 years$18,393$17,693$17,024$16,385$15,773$14,656
5 years$14,567$13,871$13,211$12,585$11,990$10,917
6 years$12,017$11,327$10,677$10,064$9,488$8,459
7 years$10,197$9,512$8,872$8,274$7,716$6,732
8 years$8,832$8,154$7,525$6,941$6,401$5,462
9 years$7,771$7,099$6,481$5,912$5,391$4,496
10 years$6,923$6,258$5,650$5,096$4,593$3,743
11 years$6,230$5,571$4,974$4,435$3,950$3,142
12 years$5,652$5,000$4,415$3,890$3,423$2,657
13 years$5,164$4,519$3,944$3,435$2,985$2,260
14 years$4,746$4,107$3,544$3,049$2,617$1,931
15 years$4,384$3,752$3,200$2,719$2,304$1,656
16 years$4,067$3,443$2,901$2,435$2,036$1,425
17 years$3,788$3,170$2,640$2,188$1,805$1,230
18 years$3,540$2,930$2,410$1,971$1,605$1,064
19 years$3,319$2,715$2,206$1,781$1,431$922
20 years$3,120$2,523$2,025$1,613$1,278$801
21 years$2,940$2,350$1,862$1,464$1,144$696
22 years$2,777$2,194$1,716$1,331$1,025$606
23 years$2,628$2,052$1,585$1,212$920$528
24 years$2,492$1,922$1,466$1,106$827$461
25 years$2,367$1,804$1,357$1,010$744$402
26 years$2,251$1,696$1,259$923$670$351
27 years$2,145$1,596$1,169$845$604$307
28 years$2,046$1,504$1,087$774$545$269
29 years$1,954$1,418$1,011$710$493$235
30 years$1,869$1,340$942$652$445$206
31 years$1,789$1,266$878$599$402$180
32 years$1,714$1,198$819$550$364$158
33 years$1,644$1,135$765$506$329$138
34 years$1,578$1,076$715$465$298$121
35 years$1,516$1,020$668$428$270$106
36 years$1,458$968$625$395$245$93
37 years$1,403$920$585$364$222$82
38 years$1,351$874$548$335$201$72
39 years$1,302$831$513$309$182$63
40 years$1,255$791$481$285$165$55
41 years$1,211$753$451$263$150$48
42 years$1,169$717$423$243$136$42
43 years$1,129$683$397$224$124$37
44 years$1,091$651$373$207$112$33
45 years$1,054$621$350$191$102$29
46 years$1,020$592$329$176$92$25
47 years$987$565$309$163$84$22
48 years$955$539$290$151$76$19
49 years$925$515$273$139$69$17
50 years$896$492$257$129$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $918,000, adding $3,670 every year, while hoping to spend $38,848 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: 58/19/23 Blend
44$918,000$918,000$918,000$918,000
45$1,015,422$966,768$952,539$1,067,838
46$1,077,661$972,805$943,115$1,110,019
47$1,144,946$977,837$932,073$1,151,503
48$1,217,752$981,772$919,318$1,195,892
49$1,296,598$984,514$904,751$1,243,476
50$1,382,057$985,962$888,267$1,294,578
51$1,474,760$986,007$869,757$1,349,551
52$1,575,398$984,533$849,106$1,408,788
53$1,684,732$981,419$826,195$1,472,723
54$1,803,601$976,535$800,899$1,541,836
55$1,932,926$969,743$773,086$1,616,657
56$2,073,721$960,897$742,621$1,697,774
57$2,227,101$949,841$709,359$1,785,834
58$2,394,295$936,413$673,153$1,881,554
59$2,576,653$920,438$633,844$1,985,726
60$2,775,664$901,731$591,269$2,099,225
61$2,992,963$880,098$545,258$2,223,019
62$3,230,354$855,331$495,633$2,358,175
63$3,489,820$827,212$442,207$2,505,875
64$3,773,546$795,510$384,785$2,667,421
65$4,083,936$759,978$323,164$2,844,254
66$4,423,639$720,359$257,131$3,037,964
67$4,795,571$676,377$186,466$3,250,309
68$5,202,943$627,743$110,936$3,483,227
69$5,649,290$574,149$30,299$3,738,862
70$6,138,508$515,273$0$4,019,576
71$6,674,885$450,770$0$4,341,665
72$7,263,145$380,280$0$4,703,151
73$7,908,492$303,420$0$5,099,841
74$8,616,656$219,785$0$5,535,316
75$9,393,950$128,950$0$6,013,526
76$10,247,327$30,463$0$6,538,824
77$11,184,448$0$0$7,116,011
78$12,213,749$0$0$7,766,302
79$13,344,526$0$0$8,487,782
80$14,587,020$0$0$9,280,627
81$15,952,510$0$0$10,152,045
82$17,453,426$0$0$11,109,979
83$19,103,458$0$0$12,163,179
84$20,917,692$0$0$13,321,284
85$22,912,746$0$0$14,594,916
86$25,106,931$0$0$15,995,777
87$27,520,422$0$0$17,536,759
88$30,175,445$0$0$19,232,068
89$33,096,491$0$0$21,097,355
90$36,310,542$0$0$23,149,866
91$39,847,330$0$0$25,408,600
92$43,739,614$0$0$27,894,495
93$48,023,488$0$0$30,630,620
94$52,738,724$0$0$33,642,392
95$57,929,145$0$0$36,957,819
96$63,643,037$0$0$40,607,763
97$69,933,607$0$0$44,626,228
98$76,859,483$0$0$49,050,687
99$84,485,268$0$0$53,922,426
100$92,882,145$0$0$59,286,943