Can I retire at age 45 with 881,000?

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 $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%12.1%
1 years$72,752$72,104$71,472$70,855$70,252$69,634
2 years$36,016$35,345$34,695$34,065$33,453$32,831
3 years$23,772$23,098$22,450$21,826$21,224$20,616
4 years$17,651$16,980$16,338$15,724$15,137$14,549
5 years$13,980$13,312$12,679$12,078$11,507$10,939
6 years$11,533$10,871$10,246$9,659$9,105$8,559
7 years$9,786$9,129$8,515$7,941$7,405$6,881
8 years$8,476$7,825$7,221$6,661$6,143$5,641
9 years$7,458$6,813$6,220$5,674$5,173$4,693
10 years$6,644$6,006$5,422$4,891$4,408$3,949
11 years$5,979$5,346$4,774$4,257$3,791$3,353
12 years$5,424$4,799$4,237$3,734$3,285$2,868
13 years$4,956$4,337$3,785$3,296$2,865$2,468
14 years$4,554$3,942$3,401$2,926$2,511$2,134
15 years$4,207$3,601$3,071$2,610$2,211$1,853
16 years$3,903$3,304$2,784$2,337$1,954$1,615
17 years$3,635$3,043$2,533$2,099$1,733$1,411
18 years$3,398$2,812$2,313$1,892$1,541$1,236
19 years$3,185$2,606$2,117$1,710$1,373$1,086
20 years$2,994$2,421$1,943$1,548$1,227$955
21 years$2,822$2,255$1,787$1,405$1,098$842
22 years$2,665$2,105$1,647$1,278$984$743
23 years$2,522$1,969$1,521$1,164$883$657
24 years$2,391$1,845$1,406$1,061$794$581
25 years$2,271$1,731$1,303$969$714$514
26 years$2,161$1,627$1,208$886$643$456
27 years$2,058$1,531$1,122$811$580$404
28 years$1,964$1,443$1,043$743$523$359
29 years$1,875$1,361$971$682$473$319
30 years$1,793$1,286$904$625$427$283
31 years$1,717$1,215$843$574$386$252
32 years$1,645$1,150$786$528$349$224
33 years$1,578$1,089$734$485$316$199
34 years$1,515$1,032$686$447$286$177
35 years$1,455$979$641$411$259$158
36 years$1,399$929$600$379$235$140
37 years$1,346$883$562$349$213$125
38 years$1,296$839$526$322$193$111
39 years$1,249$798$493$297$175$99
40 years$1,204$759$462$274$159$88
41 years$1,162$722$433$252$144$79
42 years$1,122$688$406$233$131$70
43 years$1,083$655$381$215$119$62
44 years$1,047$625$358$199$108$56
45 years$1,012$596$336$183$98$50
46 years$979$568$316$169$89$44
47 years$947$542$296$156$81$39
48 years$917$518$279$145$73$35
49 years$888$494$262$134$66$31
50 years$860$472$246$123$60$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $881,000, adding $4,604 every year, while hoping to spend $34,999 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: 43/42/15 Blend
44$881,000$881,000$881,000$881,000
45$975,611$928,918$915,263$1,013,124
46$1,037,885$937,196$908,685$1,048,178
47$1,105,337$944,707$900,714$1,082,296
48$1,178,460$951,376$891,267$1,118,503
49$1,257,793$957,124$880,254$1,157,008
50$1,343,931$961,866$867,586$1,198,040
51$1,437,527$965,512$853,165$1,241,854
52$1,539,300$967,968$836,891$1,288,735
53$1,650,040$969,130$818,659$1,338,994
54$1,770,619$968,892$798,359$1,392,981
55$1,901,994$967,139$775,875$1,451,081
56$2,045,218$963,750$751,088$1,513,721
57$2,201,452$958,595$723,871$1,581,374
58$2,371,971$951,537$694,091$1,654,565
59$2,558,181$942,432$661,613$1,733,874
60$2,761,630$931,125$626,291$1,819,945
61$2,984,019$917,453$587,975$1,913,489
62$3,227,224$901,244$546,507$2,015,293
63$3,493,309$882,313$501,723$2,126,231
64$3,784,548$860,467$453,452$2,247,268
65$4,103,443$835,501$401,514$2,379,470
66$4,452,751$807,198$345,721$2,524,021
67$4,835,506$775,326$285,878$2,682,226
68$5,255,054$739,642$221,781$2,855,531
69$5,715,074$699,889$153,215$3,045,533
70$6,219,622$655,795$79,959$3,254,001
71$6,773,165$607,070$1,779$3,482,888
72$7,380,623$553,411$0$3,734,353
73$8,047,414$494,496$0$4,023,851
74$8,779,507$429,983$0$4,342,107
75$9,583,479$359,515$0$4,691,790
76$10,466,572$282,709$0$5,076,167
77$11,436,767$199,166$0$5,498,842
78$12,502,853$108,462$0$5,963,792
79$13,674,516$10,148$0$6,475,410
80$14,962,424$0$0$7,038,544
81$16,378,331$0$0$7,703,024
82$17,935,188$0$0$8,438,929
83$19,647,261$0$0$9,248,327
84$21,530,271$0$0$10,138,666
85$23,601,536$0$0$11,118,149
86$25,880,138$0$0$12,195,819
87$28,387,101$0$0$13,381,635
88$31,145,591$0$0$14,686,572
89$34,181,132$0$0$16,122,723
90$37,521,847$0$0$17,703,412
91$41,198,724$0$0$19,443,321
92$45,245,905$0$0$21,358,626
93$49,701,014$0$0$23,467,154
94$54,605,505$0$0$25,788,545
95$60,005,056$0$0$28,344,441
96$65,949,999$0$0$31,158,691
97$72,495,796$0$0$34,257,573
98$79,703,560$0$0$37,670,042
99$87,640,631$0$0$41,428,007
100$96,381,214$0$0$45,566,626