Can I retire at age 45 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,808$75,132$74,474$73,830$73,203$72,894
2 years$37,529$36,830$36,152$35,495$34,858$34,547
3 years$24,770$24,069$23,393$22,742$22,116$21,811
4 years$18,393$17,693$17,024$16,385$15,773$15,477
5 years$14,567$13,871$13,211$12,585$11,990$11,705
6 years$12,017$11,327$10,677$10,064$9,488$9,212
7 years$10,197$9,512$8,872$8,274$7,716$7,451
8 years$8,832$8,154$7,525$6,941$6,401$6,147
9 years$7,771$7,099$6,481$5,912$5,391$5,146
10 years$6,923$6,258$5,650$5,096$4,593$4,359
11 years$6,230$5,571$4,974$4,435$3,950$3,726
12 years$5,652$5,000$4,415$3,890$3,423$3,209
13 years$5,164$4,519$3,944$3,435$2,985$2,781
14 years$4,746$4,107$3,544$3,049$2,617$2,422
15 years$4,384$3,752$3,200$2,719$2,304$2,119
16 years$4,067$3,443$2,901$2,435$2,036$1,860
17 years$3,788$3,170$2,640$2,188$1,805$1,638
18 years$3,540$2,930$2,410$1,971$1,605$1,446
19 years$3,319$2,715$2,206$1,781$1,431$1,280
20 years$3,120$2,523$2,025$1,613$1,278$1,135
21 years$2,940$2,350$1,862$1,464$1,144$1,009
22 years$2,777$2,194$1,716$1,331$1,025$898
23 years$2,628$2,052$1,585$1,212$920$800
24 years$2,492$1,922$1,466$1,106$827$713
25 years$2,367$1,804$1,357$1,010$744$637
26 years$2,251$1,696$1,259$923$670$569
27 years$2,145$1,596$1,169$845$604$509
28 years$2,046$1,504$1,087$774$545$456
29 years$1,954$1,418$1,011$710$493$409
30 years$1,869$1,340$942$652$445$366
31 years$1,789$1,266$878$599$402$328
32 years$1,714$1,198$819$550$364$295
33 years$1,644$1,135$765$506$329$265
34 years$1,578$1,076$715$465$298$238
35 years$1,516$1,020$668$428$270$213
36 years$1,458$968$625$395$245$192
37 years$1,403$920$585$364$222$172
38 years$1,351$874$548$335$201$155
39 years$1,302$831$513$309$182$139
40 years$1,255$791$481$285$165$125
41 years$1,211$753$451$263$150$113
42 years$1,169$717$423$243$136$101
43 years$1,129$683$397$224$124$91
44 years$1,091$651$373$207$112$82
45 years$1,054$621$350$191$102$74
46 years$1,020$592$329$176$92$66
47 years$987$565$309$163$84$60
48 years$955$539$290$151$76$54
49 years$925$515$273$139$69$49
50 years$896$492$257$129$63$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $918,000, adding $3,666 every year, while hoping to spend $49,794 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: 71/9/20 Blend
44$918,000$918,000$918,000$918,000
45$1,015,417$966,763$952,534$1,082,328
46$1,066,010$961,154$931,464$1,121,769
47$1,120,093$953,602$908,019$1,158,665
48$1,177,972$943,957$882,067$1,197,820
49$1,239,979$932,065$853,469$1,239,450
50$1,306,479$917,758$822,082$1,283,795
51$1,377,872$900,861$787,755$1,331,122
52$1,454,599$881,187$750,328$1,381,723
53$1,537,141$858,539$709,638$1,435,925
54$1,626,030$832,707$665,511$1,494,087
55$1,721,846$803,471$617,767$1,556,605
56$1,825,229$770,596$566,217$1,623,920
57$1,936,882$733,834$510,665$1,696,516
58$2,057,576$692,924$450,904$1,774,930
59$2,188,159$647,588$386,720$1,859,756
60$2,329,564$597,533$317,888$1,951,650
61$2,482,817$542,448$244,173$2,051,335
62$2,649,043$482,008$165,332$2,159,614
63$2,829,484$415,864$81,109$2,277,369
64$3,025,501$343,652$0$2,405,580
65$3,238,596$264,985$0$2,547,196
66$3,470,419$179,454$0$2,720,133
67$3,722,784$86,630$0$2,908,443
68$3,997,689$0$0$3,113,645
69$4,297,333$0$0$3,338,794
70$4,624,135$0$0$3,593,750
71$4,980,757$0$0$3,872,014
72$5,370,131$0$0$4,175,879
73$5,795,484$0$0$4,507,870
74$6,260,366$0$0$4,870,765
75$6,768,690$0$0$5,267,622
76$7,324,761$0$0$5,701,810
77$7,933,319$0$0$6,177,038
78$8,599,585$0$0$6,697,388
79$9,329,307$0$0$7,267,358
80$10,128,818$0$0$7,891,900
81$11,005,088$0$0$8,576,469
82$11,965,796$0$0$9,327,071
83$13,019,399$0$0$10,150,322
84$14,175,212$0$0$11,053,509
85$15,443,495$0$0$12,044,659
86$16,835,548$0$0$13,132,613
87$18,363,821$0$0$14,327,108
88$20,042,026$0$0$15,638,874
89$21,885,268$0$0$17,079,728
90$23,910,187$0$0$18,662,688
91$26,135,117$0$0$20,402,095
92$28,580,250$0$0$22,313,751
93$31,267,838$0$0$24,415,061
94$34,222,389$0$0$26,725,201
95$37,470,910$0$0$29,265,299
96$41,043,151$0$0$32,058,633
97$44,971,893$0$0$35,130,847
98$49,293,250$0$0$38,510,197
99$54,047,014$0$0$42,227,816
100$59,277,026$0$0$46,318,003