Can I retire at age 45 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$74,817$74,150$73,500$72,865$72,246$70,499
2 years$37,038$36,348$35,680$35,031$34,403$32,654
3 years$24,447$23,754$23,087$22,445$21,826$20,130
4 years$18,152$17,462$16,801$16,170$15,567$13,935
5 years$14,377$13,690$13,039$12,420$11,834$10,272
6 years$11,860$11,179$10,537$9,933$9,364$7,873
7 years$10,064$9,388$8,756$8,166$7,615$6,196
8 years$8,717$8,047$7,426$6,850$6,317$4,969
9 years$7,670$7,007$6,396$5,835$5,320$4,042
10 years$6,833$6,176$5,576$5,030$4,533$3,323
11 years$6,148$5,498$4,909$4,377$3,899$2,755
12 years$5,578$4,935$4,357$3,840$3,378$2,299
13 years$5,096$4,460$3,893$3,390$2,946$1,930
14 years$4,684$4,054$3,497$3,009$2,583$1,627
15 years$4,326$3,703$3,158$2,684$2,274$1,376
16 years$4,014$3,398$2,863$2,403$2,010$1,168
17 years$3,739$3,129$2,605$2,159$1,782$993
18 years$3,494$2,891$2,378$1,946$1,584$847
19 years$3,276$2,680$2,177$1,758$1,412$723
20 years$3,079$2,490$1,998$1,592$1,261$618
21 years$2,902$2,319$1,838$1,445$1,129$530
22 years$2,741$2,165$1,694$1,314$1,012$454
23 years$2,594$2,025$1,564$1,197$908$389
24 years$2,459$1,897$1,446$1,091$816$334
25 years$2,336$1,780$1,340$997$735$287
26 years$2,222$1,673$1,242$911$662$247
27 years$2,117$1,575$1,154$834$597$213
28 years$2,019$1,484$1,073$764$538$183
29 years$1,929$1,400$998$701$486$157
30 years$1,844$1,322$930$643$439$136
31 years$1,765$1,250$867$591$397$117
32 years$1,692$1,183$809$543$359$101
33 years$1,623$1,120$755$499$325$87
34 years$1,558$1,061$705$459$294$75
35 years$1,496$1,007$660$423$267$64
36 years$1,439$956$617$389$242$56
37 years$1,385$908$578$359$219$48
38 years$1,333$863$541$331$198$41
39 years$1,285$820$507$305$180$36
40 years$1,239$780$475$281$163$31
41 years$1,195$743$445$260$148$26
42 years$1,153$707$418$239$134$23
43 years$1,114$674$392$221$122$20
44 years$1,076$642$368$204$111$17
45 years$1,041$613$345$189$100$15
46 years$1,007$584$324$174$91$13
47 years$974$558$305$161$83$11
48 years$943$532$286$149$75$9
49 years$913$508$269$137$68$8
50 years$885$486$253$127$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $906,000, adding $6,213 every year, while hoping to spend $24,465 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: 67/24/9 Blend
44$906,000$906,000$906,000$906,000
45$1,004,821$956,803$942,760$1,069,942
46$1,081,282$977,655$948,312$1,134,859
47$1,164,722$998,710$953,229$1,202,292
48$1,255,827$1,019,951$957,466$1,275,371
49$1,355,353$1,041,359$960,973$1,354,643
50$1,464,130$1,062,917$963,697$1,440,714
51$1,583,075$1,084,603$965,584$1,534,247
52$1,713,194$1,106,394$966,576$1,635,978
53$1,855,598$1,128,266$966,614$1,746,712
54$2,011,508$1,150,190$965,635$1,867,340
55$2,182,270$1,172,137$963,572$1,998,841
56$2,369,365$1,194,076$960,356$2,142,296
57$2,574,427$1,215,972$955,914$2,298,893
58$2,799,251$1,237,788$950,170$2,469,944
59$3,045,818$1,259,482$943,044$2,656,892
60$3,316,308$1,281,013$934,452$2,861,328
61$3,613,121$1,302,333$924,306$3,085,007
62$3,938,904$1,323,392$912,515$3,329,859
63$4,296,570$1,344,136$898,982$3,598,013
64$4,689,329$1,364,507$883,607$3,891,817
65$5,120,716$1,384,443$866,283$4,213,854
66$5,594,626$1,403,879$846,901$4,566,974
67$6,115,351$1,422,741$825,345$4,954,317
68$6,687,617$1,440,956$801,494$5,379,341
69$7,316,631$1,458,440$775,222$5,845,861
70$8,008,132$1,475,108$746,396$6,358,078
71$8,768,440$1,490,867$714,879$6,920,623
72$9,604,519$1,505,618$680,525$7,538,600
73$10,524,041$1,519,254$643,184$8,217,632
74$11,535,461$1,531,665$602,698$8,963,920
75$12,648,091$1,542,729$558,901$9,784,293
76$13,872,193$1,552,321$511,622$10,686,282
77$15,219,075$1,560,303$460,680$11,678,183
78$16,701,195$1,566,531$405,886$12,769,141
79$18,332,279$1,570,853$347,045$13,969,234
80$20,127,451$1,573,105$283,951$15,289,569
81$22,103,377$1,573,113$216,390$16,742,388
82$24,278,420$1,570,694$144,137$18,341,181
83$26,672,813$1,565,652$66,960$20,100,817
84$29,308,851$1,557,780$0$22,037,683
85$32,211,100$1,546,857$0$24,171,316
86$35,406,630$1,532,651$0$26,527,100
87$38,925,269$1,514,914$0$29,120,558
88$42,799,884$1,493,383$0$31,975,893
89$47,066,694$1,467,781$0$35,119,774
90$51,765,608$1,437,812$0$38,581,594
91$56,940,600$1,403,166$0$42,393,744
92$62,640,132$1,363,512$0$46,591,919
93$68,917,601$1,318,499$0$51,215,460
94$75,831,849$1,267,758$0$56,307,716
95$83,447,717$1,210,898$0$61,916,465
96$91,836,656$1,147,503$0$68,094,357
97$101,077,400$1,077,137$0$74,899,414
98$111,256,713$999,334$0$82,395,581
99$122,470,202$913,606$0$90,653,325
100$134,823,224$819,434$0$99,750,305