Can I retire at age 45 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$74,899$74,232$73,581$72,946$72,325$70,264
2 years$37,079$36,388$35,719$35,070$34,441$32,380
3 years$24,474$23,780$23,113$22,470$21,851$19,855
4 years$18,172$17,481$16,820$16,188$15,584$13,669
5 years$14,393$13,705$13,053$12,434$11,847$10,017
6 years$11,873$11,191$10,549$9,944$9,374$7,632
7 years$10,075$9,398$8,766$8,175$7,624$5,969
8 years$8,726$8,056$7,434$6,858$6,324$4,756
9 years$7,678$7,014$6,403$5,841$5,326$3,843
10 years$6,840$6,183$5,582$5,035$4,538$3,138
11 years$6,155$5,504$4,915$4,382$3,903$2,583
12 years$5,584$4,940$4,362$3,844$3,382$2,141
13 years$5,102$4,465$3,897$3,394$2,949$1,783
14 years$4,689$4,058$3,501$3,012$2,585$1,492
15 years$4,331$3,707$3,161$2,687$2,276$1,252
16 years$4,018$3,401$2,866$2,406$2,012$1,054
17 years$3,743$3,132$2,608$2,161$1,784$890
18 years$3,498$2,895$2,381$1,948$1,586$752
19 years$3,279$2,683$2,180$1,760$1,414$637
20 years$3,083$2,493$2,000$1,594$1,263$540
21 years$2,905$2,322$1,840$1,447$1,130$459
22 years$2,744$2,167$1,696$1,315$1,013$390
23 years$2,597$2,027$1,566$1,198$909$332
24 years$2,462$1,899$1,448$1,093$817$282
25 years$2,338$1,782$1,341$998$735$241
26 years$2,224$1,675$1,244$912$662$205
27 years$2,119$1,577$1,155$835$597$175
28 years$2,022$1,486$1,074$765$539$149
29 years$1,931$1,401$999$702$487$127
30 years$1,846$1,324$931$644$440$109
31 years$1,767$1,251$868$591$398$93
32 years$1,694$1,184$810$544$360$79
33 years$1,624$1,121$756$500$325$68
34 years$1,559$1,063$706$460$295$58
35 years$1,498$1,008$660$423$267$49
36 years$1,441$957$618$390$242$42
37 years$1,386$909$578$359$219$36
38 years$1,335$863$541$331$199$31
39 years$1,286$821$507$305$180$26
40 years$1,240$781$475$282$163$22
41 years$1,196$744$446$260$148$19
42 years$1,155$708$418$240$135$16
43 years$1,115$675$392$221$122$14
44 years$1,078$643$368$204$111$12
45 years$1,042$613$346$189$101$10
46 years$1,008$585$325$174$91$9
47 years$975$558$305$161$83$7
48 years$944$533$287$149$75$6
49 years$914$509$270$138$68$5
50 years$886$486$253$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $907,000, adding $2,883 every year, while hoping to spend $49,320 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: 66/28/6 Blend
44$907,000$907,000$907,000$907,000
45$1,002,488$954,417$940,358$1,067,525
46$1,052,265$948,707$919,384$1,105,357
47$1,105,467$941,065$896,054$1,140,498
48$1,162,391$931,343$870,238$1,177,585
49$1,223,362$919,386$841,798$1,216,801
50$1,288,738$905,028$810,591$1,258,348
51$1,358,911$888,096$776,468$1,302,452
52$1,434,311$868,404$739,271$1,349,362
53$1,515,411$845,756$698,836$1,399,354
54$1,602,729$819,945$654,994$1,452,733
55$1,696,835$790,750$607,564$1,509,838
56$1,798,355$757,939$556,360$1,571,044
57$1,907,976$721,267$501,187$1,636,768
58$2,026,453$680,473$441,840$1,707,470
59$2,154,617$635,281$378,107$1,783,659
60$2,293,379$585,402$309,765$1,865,901
61$2,443,743$530,526$236,582$1,954,820
62$2,606,813$470,329$158,315$2,051,108
63$2,783,800$404,468$74,711$2,155,530
64$2,976,040$332,579$0$2,268,936
65$3,184,999$254,278$0$2,393,190
66$3,412,292$169,161$0$2,533,567
67$3,659,695$76,800$0$2,686,445
68$3,929,163$0$0$2,853,112
69$4,222,847$0$0$3,042,159
70$4,543,113$0$0$3,274,175
71$4,892,566$0$0$3,527,391
72$5,274,074$0$0$3,803,891
73$5,690,794$0$0$4,105,970
74$6,146,200$0$0$4,436,154
75$6,644,119$0$0$4,797,226
76$7,188,761$0$0$5,192,248
77$7,784,767$0$0$5,624,592
78$8,437,241$0$0$6,097,970
79$9,151,808$0$0$6,616,473
80$9,934,661$0$0$7,184,604
81$10,792,620$0$0$7,807,321
82$11,733,197$0$0$8,490,086
83$12,764,664$0$0$9,238,916
84$13,896,133$0$0$10,060,436
85$15,137,640$0$0$10,961,945
86$16,500,240$0$0$11,951,480
87$17,996,111$0$0$13,037,898
88$19,638,664$0$0$14,230,952
89$21,442,677$0$0$15,541,389
90$23,424,427$0$0$16,981,045
91$25,601,844$0$0$18,562,960
92$27,994,685$0$0$20,301,501
93$30,624,711$0$0$22,212,494
94$33,515,898$0$0$24,313,376
95$36,694,662$0$0$26,623,357
96$40,190,104$0$0$29,163,602
97$44,034,288$0$0$31,957,429
98$48,262,540$0$0$35,030,528
99$52,913,780$0$0$38,411,208
100$58,030,894$0$0$42,130,655