Can I retire at age 45 with 880,000?

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 $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%15.1%
1 years$72,670$72,022$71,391$70,774$70,172$68,699
2 years$35,975$35,305$34,656$34,026$33,415$31,938
3 years$23,745$23,072$22,425$21,801$21,200$19,765
4 years$17,631$16,961$16,319$15,706$15,120$13,738
5 years$13,964$13,297$12,664$12,064$11,494$10,169
6 years$11,520$10,858$10,235$9,648$9,095$7,828
7 years$9,775$9,119$8,505$7,932$7,397$6,189
8 years$8,467$7,816$7,213$6,654$6,136$4,986
9 years$7,450$6,806$6,213$5,668$5,168$4,075
10 years$6,637$5,999$5,416$4,886$4,403$3,367
11 years$5,972$5,340$4,768$4,252$3,787$2,806
12 years$5,418$4,793$4,232$3,729$3,281$2,354
13 years$4,950$4,332$3,781$3,293$2,862$1,986
14 years$4,549$3,937$3,397$2,923$2,508$1,683
15 years$4,202$3,597$3,067$2,607$2,209$1,432
16 years$3,899$3,300$2,781$2,334$1,952$1,222
17 years$3,631$3,039$2,530$2,097$1,731$1,046
18 years$3,394$2,808$2,310$1,890$1,539$897
19 years$3,182$2,603$2,115$1,708$1,372$770
20 years$2,991$2,419$1,941$1,547$1,225$663
21 years$2,818$2,253$1,785$1,404$1,096$571
22 years$2,662$2,103$1,645$1,276$983$493
23 years$2,519$1,967$1,519$1,162$882$425
24 years$2,389$1,843$1,405$1,060$793$367
25 years$2,269$1,729$1,301$968$714$318
26 years$2,158$1,625$1,207$885$643$275
27 years$2,056$1,530$1,121$810$579$238
28 years$1,961$1,441$1,042$742$523$206
29 years$1,873$1,360$969$681$472$179
30 years$1,791$1,284$903$625$427$155
31 years$1,715$1,214$842$574$386$134
32 years$1,643$1,149$785$527$349$117
33 years$1,576$1,088$733$485$316$101
34 years$1,513$1,031$685$446$286$88
35 years$1,454$978$641$411$259$76
36 years$1,398$928$599$378$235$66
37 years$1,345$882$561$349$213$57
38 years$1,295$838$525$321$193$50
39 years$1,248$797$492$296$175$43
40 years$1,203$758$461$273$159$38
41 years$1,161$721$433$252$144$33
42 years$1,120$687$406$233$131$28
43 years$1,082$655$381$215$118$25
44 years$1,046$624$357$198$108$21
45 years$1,011$595$336$183$98$19
46 years$978$568$315$169$89$16
47 years$946$542$296$156$80$14
48 years$916$517$278$144$73$12
49 years$887$494$262$133$66$11
50 years$859$472$246$123$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $880,000, adding $5,184 every year, while hoping to spend $26,434 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: 59/23/18 Blend
44$880,000$880,000$880,000$880,000
45$975,107$928,467$914,827$1,027,778
46$1,046,443$945,837$917,348$1,081,412
47$1,124,168$963,171$919,068$1,136,518
48$1,208,908$980,441$919,931$1,196,012
49$1,301,349$997,615$919,881$1,260,323
50$1,402,246$1,014,657$918,857$1,329,921
51$1,512,432$1,031,532$916,795$1,405,327
52$1,632,822$1,048,199$913,630$1,487,114
53$1,764,424$1,064,616$909,291$1,575,916
54$1,908,350$1,080,736$903,707$1,672,430
55$2,065,820$1,096,511$896,800$1,777,423
56$2,238,181$1,111,888$888,490$1,891,743
57$2,426,915$1,126,810$878,694$2,016,326
58$2,633,654$1,141,217$867,323$2,152,200
59$2,860,194$1,155,044$854,286$2,300,503
60$3,108,516$1,168,223$839,487$2,462,486
61$3,380,799$1,180,680$822,824$2,639,531
62$3,679,444$1,192,337$804,192$2,833,159
63$4,007,096$1,203,110$783,481$3,045,051
64$4,366,667$1,212,910$760,575$3,277,056
65$4,761,366$1,221,641$735,353$3,531,216
66$5,194,727$1,229,204$707,689$3,809,781
67$5,670,644$1,235,489$677,451$4,115,231
68$6,193,404$1,240,383$644,501$4,450,303
69$6,767,734$1,243,764$608,694$4,818,011
70$7,398,837$1,245,503$569,880$5,221,681
71$8,092,448$1,245,462$527,900$5,664,978
72$8,854,883$1,243,496$482,591$6,151,943
73$9,693,103$1,239,448$433,779$6,687,034
74$10,614,774$1,233,156$381,285$7,275,161
75$11,628,344$1,224,444$324,921$7,921,740
76$12,743,121$1,213,127$264,491$8,632,742
77$13,969,358$1,199,009$199,791$9,414,749
78$15,318,354$1,181,882$130,606$10,275,016
79$16,802,558$1,161,526$56,713$11,221,543
80$18,435,685$1,137,707$0$12,263,149
81$20,232,848$1,110,178$0$13,413,806
82$22,210,699$1,078,676$0$14,691,880
83$24,387,584$1,042,926$0$16,098,328
84$26,783,721$1,002,632$0$17,646,223
85$29,421,384$957,485$0$19,349,974
86$32,325,119$907,156$0$21,225,460
87$35,521,973$851,298$0$23,290,180
88$39,041,745$789,542$0$25,563,423
89$42,917,275$721,502$0$28,066,445
90$47,184,747$646,766$0$30,822,674
91$51,884,034$564,899$0$33,857,928
92$57,059,070$475,445$0$37,200,662
93$62,758,271$377,917$0$40,882,237
94$69,034,984$271,804$0$44,937,215
95$75,947,996$156,566$0$49,403,688
96$83,562,085$31,632$0$54,323,634
97$91,948,635$0$0$59,743,320
98$101,186,304$0$0$65,739,955
99$111,361,771$0$0$72,354,285
100$122,570,551$0$0$79,640,406