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%18.6%
1 years$75,808$75,132$74,474$73,830$73,203$70,662
2 years$37,529$36,830$36,152$35,495$34,858$32,325
3 years$24,770$24,069$23,393$22,742$22,116$19,669
4 years$18,393$17,693$17,024$16,385$15,773$13,432
5 years$14,567$13,871$13,211$12,585$11,990$9,761
6 years$12,017$11,327$10,677$10,064$9,488$7,371
7 years$10,197$9,512$8,872$8,274$7,716$5,713
8 years$8,832$8,154$7,525$6,941$6,401$4,510
9 years$7,771$7,099$6,481$5,912$5,391$3,608
10 years$6,923$6,258$5,650$5,096$4,593$2,917
11 years$6,230$5,571$4,974$4,435$3,950$2,377
12 years$5,652$5,000$4,415$3,890$3,423$1,949
13 years$5,164$4,519$3,944$3,435$2,985$1,606
14 years$4,746$4,107$3,544$3,049$2,617$1,328
15 years$4,384$3,752$3,200$2,719$2,304$1,103
16 years$4,067$3,443$2,901$2,435$2,036$918
17 years$3,788$3,170$2,640$2,188$1,805$765
18 years$3,540$2,930$2,410$1,971$1,605$639
19 years$3,319$2,715$2,206$1,781$1,431$535
20 years$3,120$2,523$2,025$1,613$1,278$448
21 years$2,940$2,350$1,862$1,464$1,144$376
22 years$2,777$2,194$1,716$1,331$1,025$316
23 years$2,628$2,052$1,585$1,212$920$265
24 years$2,492$1,922$1,466$1,106$827$223
25 years$2,367$1,804$1,357$1,010$744$187
26 years$2,251$1,696$1,259$923$670$158
27 years$2,145$1,596$1,169$845$604$133
28 years$2,046$1,504$1,087$774$545$112
29 years$1,954$1,418$1,011$710$493$94
30 years$1,869$1,340$942$652$445$79
31 years$1,789$1,266$878$599$402$67
32 years$1,714$1,198$819$550$364$56
33 years$1,644$1,135$765$506$329$47
34 years$1,578$1,076$715$465$298$40
35 years$1,516$1,020$668$428$270$34
36 years$1,458$968$625$395$245$28
37 years$1,403$920$585$364$222$24
38 years$1,351$874$548$335$201$20
39 years$1,302$831$513$309$182$17
40 years$1,255$791$481$285$165$14
41 years$1,211$753$451$263$150$12
42 years$1,169$717$423$243$136$10
43 years$1,129$683$397$224$124$9
44 years$1,091$651$373$207$112$7
45 years$1,054$621$350$191$102$6
46 years$1,020$592$329$176$92$5
47 years$987$565$309$163$84$4
48 years$955$539$290$151$76$4
49 years$925$515$273$139$69$3
50 years$896$492$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $918,000, adding $3,937 every year, while hoping to spend $41,714 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: 42/49/9 Blend
44$918,000$918,000$918,000$918,000
45$1,015,697$967,043$952,814$1,055,517
46$1,074,915$970,045$940,350$1,086,694
47$1,138,775$971,795$926,070$1,115,920
48$1,207,706$972,190$909,870$1,146,621
49$1,282,181$971,116$891,640$1,178,947
50$1,362,718$968,455$871,264$1,213,067
51$1,449,887$964,081$848,623$1,249,169
52$1,544,315$957,861$823,591$1,287,462
53$1,646,690$949,651$796,037$1,328,180
54$1,757,770$939,302$765,822$1,371,584
55$1,878,389$926,654$732,803$1,417,964
56$2,009,463$911,538$696,830$1,467,643
57$2,152,000$893,775$657,746$1,520,983
58$2,307,109$873,175$615,385$1,578,382
59$2,476,011$849,538$569,577$1,640,287
60$2,660,048$822,649$520,143$1,707,195
61$2,860,699$792,285$466,894$1,779,654
62$3,079,590$758,207$409,634$1,858,279
63$3,318,512$720,163$348,161$1,943,749
64$3,579,435$677,886$282,259$2,036,819
65$3,864,529$631,094$211,706$2,138,329
66$4,176,183$579,489$136,270$2,249,208
67$4,517,025$522,755$55,706$2,370,490
68$4,889,952$460,560$0$2,503,320
69$5,298,151$392,552$0$2,651,875
70$5,745,133$318,358$0$2,820,554
71$6,234,765$237,585$0$3,005,589
72$6,771,303$149,819$0$3,208,737
73$7,359,436$54,621$0$3,431,944
74$8,004,330$0$0$3,677,361
75$8,711,671$0$0$3,973,505
76$9,487,724$0$0$4,330,847
77$10,339,389$0$0$4,723,128
78$11,274,268$0$0$5,153,863
79$12,300,732$0$0$5,626,926
80$13,428,005$0$0$6,146,583
81$14,666,247$0$0$6,717,535
82$16,026,651$0$0$7,344,961
83$17,521,545$0$0$8,034,564
84$19,164,514$0$0$8,792,630
85$20,970,523$0$0$9,626,082
86$22,956,058$0$0$10,542,550
87$25,139,284$0$0$11,550,438
88$27,540,213$0$0$12,659,006
89$30,180,893$0$0$13,878,455
90$33,085,617$0$0$15,220,028
91$36,281,151$0$0$16,696,110
92$39,796,985$0$0$18,320,346
93$43,665,611$0$0$20,107,773
94$47,922,831$0$0$22,074,958
95$52,608,092$0$0$24,240,157
96$57,764,859$0$0$26,623,483
97$63,441,026$0$0$29,247,099
98$69,689,361$0$0$32,135,426
99$76,568,014$0$0$35,315,374
100$84,141,055$0$0$38,816,594