Can I retire at age 45 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$75,395$74,723$74,068$73,428$72,804$71,451
2 years$37,324$36,629$35,955$35,302$34,669$33,310
3 years$24,636$23,937$23,265$22,618$21,995$20,674
4 years$18,293$17,597$16,931$16,295$15,687$14,414
5 years$14,488$13,796$13,139$12,516$11,925$10,703
6 years$11,952$11,265$10,619$10,009$9,436$8,266
7 years$10,141$9,461$8,824$8,229$7,674$6,557
8 years$8,784$8,110$7,484$6,903$6,366$5,302
9 years$7,729$7,061$6,446$5,880$5,361$4,348
10 years$6,886$6,224$5,619$5,069$4,568$3,606
11 years$6,196$5,541$4,947$4,411$3,929$3,016
12 years$5,621$4,973$4,391$3,869$3,405$2,541
13 years$5,136$4,494$3,923$3,416$2,969$2,152
14 years$4,720$4,085$3,525$3,032$2,602$1,831
15 years$4,360$3,732$3,182$2,704$2,291$1,564
16 years$4,045$3,424$2,885$2,421$2,025$1,341
17 years$3,767$3,153$2,625$2,176$1,796$1,152
18 years$3,521$2,914$2,397$1,961$1,597$992
19 years$3,301$2,700$2,194$1,772$1,423$856
20 years$3,103$2,509$2,014$1,605$1,271$740
21 years$2,924$2,337$1,852$1,456$1,138$640
22 years$2,762$2,182$1,707$1,324$1,020$555
23 years$2,614$2,041$1,576$1,206$915$481
24 years$2,478$1,912$1,458$1,100$823$418
25 years$2,354$1,794$1,350$1,004$740$363
26 years$2,239$1,686$1,252$918$667$316
27 years$2,133$1,587$1,163$841$601$275
28 years$2,035$1,495$1,081$770$542$239
29 years$1,944$1,411$1,006$706$490$208
30 years$1,858$1,332$937$648$443$181
31 years$1,779$1,259$873$595$400$158
32 years$1,705$1,192$815$547$362$138
33 years$1,635$1,129$761$503$328$120
34 years$1,570$1,070$711$463$297$105
35 years$1,508$1,015$665$426$269$91
36 years$1,450$963$622$392$243$80
37 years$1,395$915$582$362$221$70
38 years$1,344$869$545$333$200$61
39 years$1,295$826$511$307$181$53
40 years$1,248$786$479$283$164$46
41 years$1,204$749$449$262$149$40
42 years$1,162$713$421$241$135$35
43 years$1,123$679$395$223$123$31
44 years$1,085$647$371$206$112$27
45 years$1,049$617$348$190$101$23
46 years$1,014$589$327$175$92$20
47 years$981$562$307$162$83$18
48 years$950$537$289$150$76$16
49 years$920$512$271$138$69$14
50 years$891$489$255$128$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $913,000, adding $5,815 every year, while hoping to spend $27,677 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: 46/36/18 Blend
44$913,000$913,000$913,000$913,000
45$1,012,124$963,735$949,584$1,053,239
46$1,085,913$981,510$951,947$1,100,298
47$1,166,300$999,228$953,461$1,148,086
48$1,253,930$1,016,858$954,069$1,199,346
49$1,349,511$1,034,364$953,711$1,254,412
50$1,453,824$1,051,711$952,323$1,313,654
51$1,567,726$1,068,857$949,838$1,377,481
52$1,692,163$1,085,760$946,187$1,446,341
53$1,828,176$1,102,374$941,296$1,520,731
54$1,976,909$1,118,649$935,088$1,601,200
55$2,139,624$1,134,533$927,484$1,688,351
56$2,317,710$1,149,970$918,399$1,782,852
57$2,512,695$1,164,897$907,744$1,885,439
58$2,726,265$1,179,252$895,428$1,996,923
59$2,960,272$1,192,964$881,354$2,118,201
60$3,216,760$1,205,959$865,419$2,250,261
61$3,497,978$1,218,159$847,519$2,394,195
62$3,806,403$1,229,480$827,542$2,551,205
63$4,144,764$1,239,832$805,372$2,722,619
64$4,516,066$1,249,120$780,888$2,909,903
65$4,923,619$1,257,242$753,963$3,114,673
66$5,371,071$1,264,090$724,463$3,338,711
67$5,862,438$1,269,548$692,251$3,583,986
68$6,402,145$1,273,494$657,180$3,852,666
69$6,995,068$1,275,799$619,099$4,147,146
70$7,646,575$1,276,323$577,849$4,470,066
71$8,362,583$1,274,921$533,265$4,824,339
72$9,149,610$1,271,436$485,172$5,213,178
73$10,014,836$1,265,702$433,392$5,640,127
74$10,966,172$1,257,544$377,733$6,109,095
75$12,012,334$1,246,776$317,999$6,624,392
76$13,162,924$1,233,200$253,984$7,190,775
77$14,428,523$1,216,607$185,473$7,813,486
78$15,820,786$1,196,774$112,240$8,498,311
79$17,352,557$1,173,467$34,051$9,251,626
80$19,037,988$1,146,437$0$10,080,466
81$20,892,670$1,115,420$0$11,002,074
82$22,933,783$1,080,136$0$12,023,113
83$25,180,256$1,040,290$0$13,146,521
84$27,652,948$995,570$0$14,382,752
85$30,374,839$945,643$0$15,743,331
86$33,371,254$890,161$0$17,240,963
87$36,670,096$828,754$0$18,889,651
88$40,302,112$761,028$0$20,704,835
89$44,301,181$686,572$0$22,703,532
90$48,704,634$604,948$0$24,904,499
91$53,553,610$515,692$0$27,328,416
92$58,893,435$418,319$0$29,998,076
93$64,774,059$312,310$0$32,938,603
94$71,250,522$197,122$0$36,177,692
95$78,383,474$72,180$0$39,745,870
96$86,239,747$0$0$43,676,786
97$94,892,986$0$0$48,032,536
98$104,424,345$0$0$52,861,948
99$114,923,248$0$0$58,181,758
100$126,488,240$0$0$64,041,916