Can I retire at age 45 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$72,752$72,104$71,472$70,855$70,252$69,461
2 years$36,016$35,345$34,695$34,065$33,453$32,657
3 years$23,772$23,098$22,450$21,826$21,224$20,447
4 years$17,651$16,980$16,338$15,724$15,137$14,385
5 years$13,980$13,312$12,679$12,078$11,507$10,783
6 years$11,533$10,871$10,246$9,659$9,105$8,409
7 years$9,786$9,129$8,515$7,941$7,405$6,738
8 years$8,476$7,825$7,221$6,661$6,143$5,505
9 years$7,458$6,813$6,220$5,674$5,173$4,564
10 years$6,644$6,006$5,422$4,891$4,408$3,826
11 years$5,979$5,346$4,774$4,257$3,791$3,237
12 years$5,424$4,799$4,237$3,734$3,285$2,758
13 years$4,956$4,337$3,785$3,296$2,865$2,364
14 years$4,554$3,942$3,401$2,926$2,511$2,036
15 years$4,207$3,601$3,071$2,610$2,211$1,761
16 years$3,903$3,304$2,784$2,337$1,954$1,528
17 years$3,635$3,043$2,533$2,099$1,733$1,330
18 years$3,398$2,812$2,313$1,892$1,541$1,160
19 years$3,185$2,606$2,117$1,710$1,373$1,015
20 years$2,994$2,421$1,943$1,548$1,227$889
21 years$2,822$2,255$1,787$1,405$1,098$780
22 years$2,665$2,105$1,647$1,278$984$685
23 years$2,522$1,969$1,521$1,164$883$603
24 years$2,391$1,845$1,406$1,061$794$531
25 years$2,271$1,731$1,303$969$714$468
26 years$2,161$1,627$1,208$886$643$412
27 years$2,058$1,531$1,122$811$580$364
28 years$1,964$1,443$1,043$743$523$322
29 years$1,875$1,361$971$682$473$284
30 years$1,793$1,286$904$625$427$251
31 years$1,717$1,215$843$574$386$222
32 years$1,645$1,150$786$528$349$197
33 years$1,578$1,089$734$485$316$174
34 years$1,515$1,032$686$447$286$154
35 years$1,455$979$641$411$259$136
36 years$1,399$929$600$379$235$121
37 years$1,346$883$562$349$213$107
38 years$1,296$839$526$322$193$95
39 years$1,249$798$493$297$175$84
40 years$1,204$759$462$274$159$75
41 years$1,162$722$433$252$144$66
42 years$1,122$688$406$233$131$59
43 years$1,083$655$381$215$119$52
44 years$1,047$625$358$199$108$46
45 years$1,012$596$336$183$98$41
46 years$979$568$316$169$89$36
47 years$947$542$296$156$81$32
48 years$917$518$279$145$73$28
49 years$888$494$262$134$66$25
50 years$860$472$246$123$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $881,000, adding $3,383 every year, while hoping to spend $42,825 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: 38/40/22 Blend
44$881,000$881,000$881,000$881,000
45$974,352$927,659$914,003$1,004,853
46$1,028,170$927,548$899,057$1,027,169
47$1,086,043$925,997$882,174$1,047,009
48$1,148,338$922,890$863,246$1,067,585
49$1,215,460$918,103$842,156$1,088,990
50$1,287,853$911,506$818,785$1,111,327
51$1,366,005$902,962$793,005$1,134,714
52$1,450,453$892,322$764,686$1,159,284
53$1,541,785$879,432$733,690$1,185,188
54$1,640,651$864,128$699,871$1,212,595
55$1,747,761$846,234$663,081$1,241,696
56$1,863,898$825,565$623,160$1,272,705
57$1,989,925$801,927$579,945$1,305,864
58$2,126,787$775,111$533,263$1,341,444
59$2,275,527$744,899$482,935$1,379,747
60$2,437,291$711,059$428,773$1,421,114
61$2,613,338$673,345$370,581$1,465,925
62$2,805,057$631,497$308,153$1,514,606
63$3,013,974$585,241$241,277$1,567,632
64$3,241,768$534,287$169,729$1,625,535
65$3,490,289$478,328$93,276$1,688,907
66$3,761,572$417,039$11,674$1,758,409
67$4,057,856$350,078$0$1,834,777
68$4,381,609$277,083$0$1,936,535
69$4,735,545$197,672$0$2,050,969
70$5,122,653$111,441$0$2,176,419
71$5,546,225$17,963$0$2,314,082
72$6,009,884$0$0$2,465,287
73$6,517,623$0$0$2,668,132
74$7,073,834$0$0$2,899,124
75$7,683,358$0$0$3,152,380
76$8,351,526$0$0$3,430,132
77$9,084,208$0$0$3,734,834
78$9,887,869$0$0$4,069,193
79$10,769,631$0$0$4,436,189
80$11,737,339$0$0$4,839,105
81$12,799,633$0$0$5,281,556
82$13,966,031$0$0$5,767,527
83$15,247,018$0$0$6,301,405
84$16,654,144$0$0$6,888,025
85$18,200,133$0$0$7,532,712
86$19,899,001$0$0$8,241,334
87$21,766,191$0$0$9,020,354
88$23,818,716$0$0$9,876,894
89$26,075,318$0$0$10,818,800
90$28,556,647$0$0$11,854,715
91$31,285,453$0$0$12,994,164
92$34,286,802$0$0$14,247,641
93$37,588,311$0$0$15,626,707
94$41,220,408$0$0$17,144,100
95$45,216,619$0$0$18,813,856
96$49,613,883$0$0$20,651,441
97$54,452,901$0$0$22,673,895
98$59,778,518$0$0$24,899,993
99$65,640,148$0$0$27,350,424
100$72,092,237$0$0$30,047,984