Can I retire at age 45 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$75,642$74,969$74,311$73,670$73,043$70,145
2 years$37,447$36,749$36,073$35,418$34,782$31,899
3 years$24,717$24,016$23,342$22,693$22,067$19,289
4 years$18,353$17,654$16,987$16,349$15,739$13,086
5 years$14,535$13,841$13,183$12,557$11,964$9,445
6 years$11,991$11,302$10,653$10,042$9,467$7,082
7 years$10,175$9,492$8,853$8,256$7,699$5,448
8 years$8,813$8,136$7,508$6,926$6,387$4,267
9 years$7,755$7,084$6,467$5,899$5,379$3,387
10 years$6,908$6,244$5,638$5,085$4,583$2,716
11 years$6,216$5,559$4,963$4,426$3,942$2,194
12 years$5,640$4,989$4,405$3,882$3,416$1,783
13 years$5,153$4,509$3,936$3,427$2,979$1,456
14 years$4,735$4,098$3,536$3,042$2,611$1,194
15 years$4,374$3,744$3,193$2,713$2,299$982
16 years$4,058$3,435$2,895$2,429$2,032$810
17 years$3,780$3,164$2,634$2,183$1,802$669
18 years$3,533$2,923$2,404$1,967$1,602$553
19 years$3,312$2,709$2,201$1,777$1,428$458
20 years$3,113$2,518$2,020$1,610$1,275$380
21 years$2,934$2,345$1,858$1,461$1,141$316
22 years$2,771$2,189$1,713$1,328$1,023$262
23 years$2,622$2,047$1,581$1,210$918$218
24 years$2,486$1,918$1,462$1,103$825$181
25 years$2,362$1,800$1,354$1,008$743$151
26 years$2,247$1,692$1,256$921$669$126
27 years$2,140$1,592$1,166$843$603$105
28 years$2,042$1,500$1,084$773$544$87
29 years$1,950$1,415$1,009$709$491$73
30 years$1,865$1,337$940$650$444$61
31 years$1,785$1,264$876$597$401$50
32 years$1,710$1,196$818$549$363$42
33 years$1,640$1,132$763$505$329$35
34 years$1,575$1,073$713$464$298$29
35 years$1,513$1,018$667$428$270$24
36 years$1,455$966$624$394$244$20
37 years$1,400$918$584$363$221$17
38 years$1,348$872$547$334$201$14
39 years$1,299$829$512$308$182$12
40 years$1,252$789$480$284$165$10
41 years$1,208$751$450$262$150$8
42 years$1,166$715$422$242$136$7
43 years$1,126$681$396$224$123$6
44 years$1,088$650$372$206$112$5
45 years$1,052$619$349$191$102$4
46 years$1,018$591$328$176$92$3
47 years$985$564$308$163$84$3
48 years$953$538$290$150$76$2
49 years$923$514$272$139$69$2
50 years$894$491$256$128$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $916,000, adding $6,255 every year, while hoping to spend $52,619 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: 51/34/15 Blend
44$916,000$916,000$916,000$916,000
45$1,015,884$967,336$953,138$1,063,242
46$1,063,518$958,749$929,082$1,087,823
47$1,114,247$947,978$902,456$1,108,495
48$1,168,331$934,860$873,120$1,129,799
49$1,226,056$919,223$840,924$1,151,811
50$1,287,733$900,884$805,714$1,174,618
51$1,353,704$879,650$767,328$1,198,319
52$1,424,345$855,316$725,597$1,223,024
53$1,500,067$827,666$680,344$1,248,860
54$1,581,322$796,469$631,383$1,275,972
55$1,668,605$761,484$578,522$1,304,521
56$1,762,459$722,453$521,559$1,334,689
57$1,863,481$679,105$460,282$1,366,682
58$1,972,327$631,152$394,473$1,400,734
59$2,089,716$578,290$323,900$1,437,103
60$2,216,440$520,199$248,323$1,476,084
61$2,353,367$456,539$167,492$1,518,005
62$2,501,453$386,952$81,145$1,563,234
63$2,661,747$311,058$0$1,612,184
64$2,835,402$228,457$0$1,667,078
65$3,023,689$138,727$0$1,740,645
66$3,228,002$41,421$0$1,820,509
67$3,449,875$0$0$1,907,365
68$3,690,997$0$0$2,025,901
69$3,953,224$0$0$2,171,750
70$4,238,599$0$0$2,330,560
71$4,549,371$0$0$2,503,594
72$4,888,011$0$0$2,692,239
73$5,257,243$0$0$2,898,025
74$5,660,062$0$0$3,122,633
75$6,099,766$0$0$3,367,915
76$6,579,985$0$0$3,635,909
77$7,104,715$0$0$3,928,859
78$7,678,354$0$0$4,249,235
79$8,305,747$0$0$4,599,759
80$8,992,226$0$0$4,983,424
81$9,743,663$0$0$5,403,530
82$10,566,526$0$0$5,863,708
83$11,467,934$0$0$6,367,959
84$12,455,730$0$0$6,920,687
85$13,538,551$0$0$7,526,743
86$14,725,908$0$0$8,191,472
87$16,028,277$0$0$8,920,759
88$17,457,199$0$0$9,721,087
89$19,025,382$0$0$10,599,596
90$20,746,828$0$0$11,564,152
91$22,636,959$0$0$12,623,420
92$24,712,763$0$0$13,786,945
93$26,992,953$0$0$15,065,241
94$29,498,147$0$0$16,469,892
95$32,251,057$0$0$18,013,659
96$35,276,702$0$0$19,710,601
97$38,602,648$0$0$21,576,208
98$42,259,263$0$0$23,627,543
99$46,280,007$0$0$25,883,406
100$50,701,741$0$0$28,364,512