Can I retire at age 45 with 905,000?

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 $905,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$74,734$74,068$73,419$72,785$72,166$70,738
2 years$36,997$36,308$35,640$34,993$34,365$32,932
3 years$24,420$23,728$23,062$22,420$21,802$20,410
4 years$18,132$17,442$16,783$16,152$15,550$14,208
5 years$14,361$13,675$13,024$12,407$11,821$10,533
6 years$11,847$11,167$10,526$9,922$9,353$8,122
7 years$10,053$9,378$8,747$8,157$7,607$6,431
8 years$8,707$8,038$7,418$6,843$6,310$5,191
9 years$7,661$6,999$6,389$5,829$5,314$4,250
10 years$6,825$6,169$5,570$5,024$4,528$3,518
11 years$6,141$5,492$4,904$4,373$3,894$2,937
12 years$5,572$4,929$4,352$3,835$3,375$2,469
13 years$5,091$4,455$3,888$3,386$2,943$2,088
14 years$4,678$4,049$3,494$3,006$2,580$1,773
15 years$4,322$3,699$3,154$2,681$2,271$1,511
16 years$4,009$3,394$2,860$2,400$2,007$1,292
17 years$3,734$3,126$2,602$2,157$1,780$1,108
18 years$3,490$2,888$2,376$1,944$1,583$952
19 years$3,272$2,677$2,175$1,756$1,411$820
20 years$3,076$2,487$1,996$1,591$1,260$707
21 years$2,899$2,317$1,836$1,443$1,128$611
22 years$2,738$2,163$1,692$1,312$1,011$528
23 years$2,591$2,023$1,562$1,195$907$457
24 years$2,457$1,895$1,445$1,090$815$396
25 years$2,333$1,779$1,338$996$734$343
26 years$2,220$1,672$1,241$910$661$298
27 years$2,114$1,573$1,152$833$596$258
28 years$2,017$1,482$1,071$763$538$224
29 years$1,927$1,398$997$700$486$195
30 years$1,842$1,321$929$643$439$169
31 years$1,763$1,248$866$590$397$147
32 years$1,690$1,181$808$542$359$128
33 years$1,621$1,119$754$499$325$111
34 years$1,556$1,060$705$459$294$97
35 years$1,495$1,006$659$422$266$84
36 years$1,437$955$616$389$241$73
37 years$1,383$907$577$358$219$64
38 years$1,332$862$540$330$198$56
39 years$1,283$819$506$305$180$48
40 years$1,237$779$474$281$163$42
41 years$1,194$742$445$259$148$37
42 years$1,152$707$417$239$134$32
43 years$1,113$673$392$221$122$28
44 years$1,075$642$368$204$111$24
45 years$1,040$612$345$188$100$21
46 years$1,005$584$324$174$91$18
47 years$973$557$305$161$83$16
48 years$942$532$286$149$75$14
49 years$912$508$269$137$68$12
50 years$884$485$253$127$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $905,000, adding $3,969 every year, while hoping to spend $48,559 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: 83/12/5 Blend
44$905,000$905,000$905,000$905,000
45$1,001,404$953,439$939,412$1,084,130
46$1,051,881$948,491$919,215$1,133,774
47$1,105,879$941,673$896,715$1,181,293
48$1,163,706$932,843$871,783$1,231,940
49$1,225,699$921,848$844,283$1,285,998
50$1,292,230$908,528$814,076$1,343,778
51$1,363,705$892,713$781,015$1,405,624
52$1,440,569$874,222$744,945$1,471,912
53$1,523,314$852,865$705,707$1,543,060
54$1,612,476$828,440$663,132$1,619,525
55$1,708,647$800,732$617,046$1,701,811
56$1,812,476$769,514$567,264$1,790,476
57$1,924,676$734,548$513,594$1,886,130
58$2,046,031$695,579$455,838$1,989,450
59$2,177,403$652,340$393,786$2,101,179
60$2,319,740$604,546$327,219$2,222,137
61$2,474,082$551,898$255,910$2,353,228
62$2,641,576$494,078$179,620$2,495,446
63$2,823,481$430,752$98,102$2,649,890
64$3,021,183$361,566$11,095$2,817,769
65$3,236,206$286,146$0$3,000,417
66$3,470,228$204,096$0$3,203,665
67$3,725,094$114,999$0$3,425,688
68$4,002,835$18,415$0$3,667,695
69$4,305,685$0$0$3,931,672
70$4,636,105$0$0$4,231,178
71$4,996,802$0$0$4,560,801
72$5,390,756$0$0$4,920,833
73$5,821,248$0$0$5,314,276
74$6,291,890$0$0$5,744,432
75$6,806,659$0$0$6,214,940
76$7,369,934$0$0$6,729,804
77$7,986,536$0$0$7,293,433
78$8,661,776$0$0$7,910,684
79$9,401,499$0$0$8,586,905
80$10,212,144$0$0$9,327,983
81$11,100,804$0$0$10,140,406
82$12,075,288$0$0$11,031,317
83$13,144,200$0$0$12,008,583
84$14,317,012$0$0$13,080,870
85$15,604,163$0$0$14,257,725
86$17,017,149$0$0$15,549,660
87$18,568,631$0$0$16,968,259
88$20,272,561$0$0$18,526,280
89$22,144,303$0$0$20,237,777
90$24,200,788$0$0$22,118,234
91$26,460,664$0$0$24,184,709
92$28,944,476$0$0$26,455,992
93$31,674,859$0$0$28,952,785
94$34,676,750$0$0$31,697,898
95$37,977,622$0$0$34,716,458
96$41,607,743$0$0$38,036,150
97$45,600,464$0$0$41,687,477
98$49,992,527$0$0$45,704,046
99$54,824,417$0$0$50,122,885
100$60,140,737$0$0$54,984,793