Can I retire at age 45 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$72,835$72,186$71,553$70,935$70,332$68,632
2 years$36,057$35,385$34,734$34,103$33,491$31,789
3 years$23,799$23,125$22,475$21,850$21,248$19,596
4 years$17,671$16,999$16,356$15,742$15,154$13,566
5 years$13,996$13,327$12,693$12,091$11,520$9,999
6 years$11,546$10,883$10,258$9,670$9,116$7,664
7 years$9,797$9,139$8,524$7,950$7,413$6,032
8 years$8,486$7,834$7,229$6,669$6,150$4,837
9 years$7,467$6,821$6,227$5,680$5,179$3,934
10 years$6,652$6,012$5,429$4,897$4,413$3,235
11 years$5,985$5,353$4,779$4,262$3,795$2,682
12 years$5,431$4,804$4,241$3,738$3,289$2,238
13 years$4,961$4,342$3,789$3,300$2,868$1,879
14 years$4,560$3,946$3,405$2,929$2,514$1,583
15 years$4,212$3,605$3,074$2,613$2,214$1,340
16 years$3,908$3,308$2,787$2,339$1,956$1,137
17 years$3,640$3,046$2,536$2,102$1,735$967
18 years$3,402$2,815$2,315$1,894$1,542$824
19 years$3,189$2,609$2,119$1,711$1,375$704
20 years$2,998$2,424$1,945$1,550$1,228$602
21 years$2,825$2,258$1,789$1,407$1,099$515
22 years$2,668$2,108$1,649$1,279$985$442
23 years$2,525$1,971$1,523$1,165$884$379
24 years$2,394$1,847$1,408$1,062$795$326
25 years$2,274$1,733$1,304$970$715$280
26 years$2,163$1,629$1,210$887$644$241
27 years$2,061$1,533$1,123$812$581$207
28 years$1,966$1,445$1,044$744$524$178
29 years$1,878$1,363$972$682$473$153
30 years$1,795$1,287$905$626$428$132
31 years$1,719$1,217$844$575$387$114
32 years$1,647$1,151$787$529$350$98
33 years$1,580$1,090$735$486$316$84
34 years$1,516$1,033$687$447$287$73
35 years$1,457$980$642$412$260$63
36 years$1,401$930$601$379$235$54
37 years$1,348$884$562$349$213$47
38 years$1,298$840$526$322$193$40
39 years$1,251$798$493$297$175$35
40 years$1,206$760$462$274$159$30
41 years$1,163$723$434$253$144$26
42 years$1,123$689$407$233$131$22
43 years$1,085$656$382$215$119$19
44 years$1,048$625$358$199$108$17
45 years$1,013$596$336$184$98$14
46 years$980$569$316$170$89$12
47 years$948$543$297$157$81$11
48 years$918$518$279$145$73$9
49 years$889$495$262$134$67$8
50 years$861$473$246$124$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $882,000, adding $5,796 every year, while hoping to spend $59,570 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: 80/13/7 Blend
44$882,000$882,000$882,000$882,000
45$977,943$931,197$917,526$1,054,980
46$1,014,311$913,443$884,881$1,088,524
47$1,052,392$892,823$849,146$1,116,879
48$1,092,298$869,134$810,154$1,146,195
49$1,134,150$842,159$767,732$1,176,536
50$1,178,080$811,671$721,697$1,207,974
51$1,224,230$777,429$671,861$1,240,590
52$1,272,756$739,178$618,023$1,274,470
53$1,323,828$696,648$559,976$1,309,712
54$1,377,627$649,553$497,505$1,346,424
55$1,434,356$597,592$430,382$1,384,725
56$1,494,231$540,445$358,371$1,424,747
57$1,557,492$477,776$281,225$1,466,636
58$1,624,396$409,227$198,687$1,510,554
59$1,695,229$334,423$110,486$1,556,679
60$1,770,298$252,965$16,343$1,605,210
61$1,849,942$164,434$0$1,656,368
62$1,934,530$68,386$0$1,716,678
63$2,024,467$0$0$1,781,839
64$2,120,196$0$0$1,856,050
65$2,222,199$0$0$1,945,563
66$2,331,007$0$0$2,041,062
67$2,447,202$0$0$2,143,060
68$2,571,419$0$0$2,252,116
69$2,704,356$0$0$2,368,846
70$2,846,779$0$0$2,493,923
71$2,999,525$0$0$2,628,087
72$3,163,517$0$0$2,772,148
73$3,339,764$0$0$2,926,998
74$3,529,375$0$0$3,093,613
75$3,733,569$0$0$3,273,067
76$3,953,683$0$0$3,466,539
77$4,191,186$0$0$3,675,322
78$4,447,693$0$0$3,900,840
79$4,724,977$0$0$4,144,656
80$5,024,988$0$0$4,408,488
81$5,349,869$0$0$4,694,225
82$5,701,977$0$0$5,003,943
83$6,083,902$0$0$5,339,926
84$6,498,493$0$0$5,704,685
85$6,948,885$0$0$6,100,982
86$7,438,524$0$0$6,531,856
87$7,971,204$0$0$7,000,649
88$8,551,096$0$0$7,511,039
89$9,182,792$0$0$8,067,073
90$9,871,345$0$0$8,673,204
91$10,622,316$0$0$9,334,334
92$11,441,824$0$0$10,055,859
93$12,336,608$0$0$10,843,715
94$13,314,082$0$0$11,704,441
95$14,382,412$0$0$12,645,233
96$15,550,586$0$0$13,674,014
97$16,828,500$0$0$14,799,509
98$18,227,051$0$0$16,031,322
99$19,758,240$0$0$17,380,032
100$21,435,278$0$0$18,857,286