Can I retire at age 45 with 880,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$72,670$72,022$71,391$70,774$70,172$69,238
2 years$35,975$35,305$34,656$34,026$33,415$32,476
3 years$23,745$23,072$22,425$21,801$21,200$20,284
4 years$17,631$16,961$16,319$15,706$15,120$14,235
5 years$13,964$13,297$12,664$12,064$11,494$10,642
6 years$11,520$10,858$10,235$9,648$9,095$8,277
7 years$9,775$9,119$8,505$7,932$7,397$6,614
8 years$8,467$7,816$7,213$6,654$6,136$5,388
9 years$7,450$6,806$6,213$5,668$5,168$4,453
10 years$6,637$5,999$5,416$4,886$4,403$3,723
11 years$5,972$5,340$4,768$4,252$3,787$3,139
12 years$5,418$4,793$4,232$3,729$3,281$2,667
13 years$4,950$4,332$3,781$3,293$2,862$2,278
14 years$4,549$3,937$3,397$2,923$2,508$1,956
15 years$4,202$3,597$3,067$2,607$2,209$1,686
16 years$3,899$3,300$2,781$2,334$1,952$1,458
17 years$3,631$3,039$2,530$2,097$1,731$1,264
18 years$3,394$2,808$2,310$1,890$1,539$1,099
19 years$3,182$2,603$2,115$1,708$1,372$957
20 years$2,991$2,419$1,941$1,547$1,225$836
21 years$2,818$2,253$1,785$1,404$1,096$730
22 years$2,662$2,103$1,645$1,276$983$639
23 years$2,519$1,967$1,519$1,162$882$560
24 years$2,389$1,843$1,405$1,060$793$491
25 years$2,269$1,729$1,301$968$714$431
26 years$2,158$1,625$1,207$885$643$379
27 years$2,056$1,530$1,121$810$579$333
28 years$1,961$1,441$1,042$742$523$293
29 years$1,873$1,360$969$681$472$258
30 years$1,791$1,284$903$625$427$227
31 years$1,715$1,214$842$574$386$200
32 years$1,643$1,149$785$527$349$176
33 years$1,576$1,088$733$485$316$155
34 years$1,513$1,031$685$446$286$137
35 years$1,454$978$641$411$259$121
36 years$1,398$928$599$378$235$107
37 years$1,345$882$561$349$213$94
38 years$1,295$838$525$321$193$83
39 years$1,248$797$492$296$175$73
40 years$1,203$758$461$273$159$65
41 years$1,161$721$433$252$144$57
42 years$1,120$687$406$233$131$50
43 years$1,082$655$381$215$118$44
44 years$1,046$624$357$198$108$39
45 years$1,011$595$336$183$98$35
46 years$978$568$315$169$89$31
47 years$946$542$296$156$80$27
48 years$916$517$278$144$73$24
49 years$887$494$262$133$66$21
50 years$859$472$246$123$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $880,000, adding $5,159 every year, while hoping to spend $54,496 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: 44/44/12 Blend
44$880,000$880,000$880,000$880,000
45$975,082$928,442$914,802$1,014,408
46$1,016,557$915,952$887,464$1,029,823
47$1,060,435$901,024$857,384$1,040,607
48$1,106,906$883,480$824,413$1,051,086
49$1,156,173$863,133$788,394$1,061,254
50$1,208,461$839,785$749,163$1,071,106
51$1,264,015$813,225$706,550$1,080,645
52$1,323,102$783,231$660,378$1,089,875
53$1,386,016$749,567$610,458$1,098,807
54$1,453,078$711,984$556,597$1,107,457
55$1,524,640$670,219$498,590$1,115,850
56$1,601,086$623,993$436,226$1,124,016
57$1,682,839$573,011$369,282$1,131,999
58$1,770,362$516,961$297,526$1,139,849
59$1,864,162$455,516$220,717$1,147,630
60$1,964,797$388,326$138,600$1,155,422
61$2,072,876$315,024$50,914$1,163,319
62$2,189,071$235,222$0$1,171,431
63$2,314,118$148,510$0$1,185,354
64$2,448,826$54,454$0$1,207,093
65$2,594,082$0$0$1,230,341
66$2,750,861$0$0$1,278,299
67$2,920,235$0$0$1,358,675
68$3,103,383$0$0$1,445,675
69$3,301,597$0$0$1,539,924
70$3,516,303$0$0$1,642,111
71$3,749,063$0$0$1,752,991
72$4,001,600$0$0$1,873,398
73$4,275,804$0$0$2,004,247
74$4,573,757$0$0$2,146,544
75$4,897,748$0$0$2,301,399
76$5,250,297$0$0$2,470,031
77$5,634,175$0$0$2,653,780
78$6,052,432$0$0$2,854,123
79$6,508,423$0$0$3,072,686
80$7,005,842$0$0$3,311,256
81$7,548,756$0$0$3,571,804
82$8,141,638$0$0$3,856,495
83$8,789,416$0$0$4,167,716
84$9,497,514$0$0$4,508,094
85$10,271,902$0$0$4,880,522
86$11,119,155$0$0$5,288,184
87$12,046,513$0$0$5,734,589
88$13,061,948$0$0$6,223,597
89$14,174,238$0$0$6,759,463
90$15,393,050$0$0$7,346,870
91$16,729,032$0$0$7,990,978
92$18,193,909$0$0$8,697,470
93$19,800,597$0$0$9,472,602
94$21,563,322$0$0$10,323,270
95$23,497,750$0$0$11,257,067
96$25,621,142$0$0$12,282,356
97$27,952,508$0$0$13,408,353
98$30,512,791$0$0$14,645,208
99$33,325,061$0$0$16,004,101
100$36,414,730$0$0$17,497,352