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%11.3%
1 years$72,835$72,186$71,553$70,935$70,332$69,947
2 years$36,057$35,385$34,734$34,103$33,491$33,103
3 years$23,799$23,125$22,475$21,850$21,248$20,869
4 years$17,671$16,999$16,356$15,742$15,154$14,786
5 years$13,996$13,327$12,693$12,091$11,520$11,165
6 years$11,546$10,883$10,258$9,670$9,116$8,773
7 years$9,797$9,139$8,524$7,950$7,413$7,084
8 years$8,486$7,834$7,229$6,669$6,150$5,834
9 years$7,467$6,821$6,227$5,680$5,179$4,876
10 years$6,652$6,012$5,429$4,897$4,413$4,123
11 years$5,985$5,353$4,779$4,262$3,795$3,518
12 years$5,431$4,804$4,241$3,738$3,289$3,024
13 years$4,961$4,342$3,789$3,300$2,868$2,616
14 years$4,560$3,946$3,405$2,929$2,514$2,274
15 years$4,212$3,605$3,074$2,613$2,214$1,985
16 years$3,908$3,308$2,787$2,339$1,956$1,739
17 years$3,640$3,046$2,536$2,102$1,735$1,528
18 years$3,402$2,815$2,315$1,894$1,542$1,347
19 years$3,189$2,609$2,119$1,711$1,375$1,189
20 years$2,998$2,424$1,945$1,550$1,228$1,053
21 years$2,825$2,258$1,789$1,407$1,099$933
22 years$2,668$2,108$1,649$1,279$985$828
23 years$2,525$1,971$1,523$1,165$884$736
24 years$2,394$1,847$1,408$1,062$795$655
25 years$2,274$1,733$1,304$970$715$584
26 years$2,163$1,629$1,210$887$644$521
27 years$2,061$1,533$1,123$812$581$465
28 years$1,966$1,445$1,044$744$524$415
29 years$1,878$1,363$972$682$473$371
30 years$1,795$1,287$905$626$428$332
31 years$1,719$1,217$844$575$387$297
32 years$1,647$1,151$787$529$350$266
33 years$1,580$1,090$735$486$316$238
34 years$1,516$1,033$687$447$287$213
35 years$1,457$980$642$412$260$191
36 years$1,401$930$601$379$235$171
37 years$1,348$884$562$349$213$153
38 years$1,298$840$526$322$193$138
39 years$1,251$798$493$297$175$123
40 years$1,206$760$462$274$159$111
41 years$1,163$723$434$253$144$99
42 years$1,123$689$407$233$131$89
43 years$1,085$656$382$215$119$80
44 years$1,048$625$358$199$108$72
45 years$1,013$596$336$184$98$64
46 years$980$569$316$170$89$58
47 years$948$543$297$157$81$52
48 years$918$518$279$145$73$47
49 years$889$495$262$134$67$42
50 years$861$473$246$124$60$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $882,000, adding $2,974 every year, while hoping to spend $29,477 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: 58/30/12 Blend
44$882,000$882,000$882,000$882,000
45$975,032$928,286$914,615$1,028,524
46$1,043,122$942,408$913,891$1,079,081
47$1,117,169$956,235$912,155$1,130,622
48$1,197,750$969,720$909,342$1,186,100
49$1,285,499$982,815$905,383$1,245,898
50$1,381,114$995,467$900,208$1,310,435
51$1,485,363$1,007,621$893,741$1,380,177
52$1,599,092$1,019,217$885,903$1,455,635
53$1,723,232$1,030,190$876,613$1,537,374
54$1,858,806$1,040,474$865,784$1,626,017
55$2,006,943$1,049,996$853,327$1,722,250
56$2,168,884$1,058,679$839,146$1,826,831
57$2,345,995$1,066,439$823,142$1,940,596
58$2,539,782$1,073,190$805,213$2,064,467
59$2,751,903$1,078,839$785,250$2,199,459
60$2,984,180$1,083,286$763,140$2,346,694
61$3,238,625$1,086,425$738,764$2,507,409
62$3,517,451$1,088,146$711,998$2,682,967
63$3,823,094$1,088,328$682,713$2,874,874
64$4,158,238$1,086,845$650,772$3,084,787
65$4,525,841$1,083,563$616,036$3,314,537
66$4,929,158$1,078,339$578,354$3,566,143
67$5,371,777$1,071,022$537,574$3,841,830
68$5,857,647$1,061,451$493,532$4,144,053
69$6,391,122$1,049,457$446,060$4,475,519
70$6,976,996$1,034,860$394,982$4,839,214
71$7,620,548$1,017,467$340,113$5,238,431
72$8,327,598$997,077$281,261$5,676,800
73$9,104,554$973,475$218,224$6,158,327
74$9,958,478$946,434$150,794$6,687,426
75$10,897,147$915,713$78,750$7,268,966
76$11,929,132$881,059$1,864$7,908,318
77$13,063,874$842,202$0$8,611,401
78$14,311,776$798,857$0$9,395,011
79$15,684,299$750,723$0$10,257,002
80$17,194,070$697,481$0$11,205,105
81$18,855,002$638,794$0$12,248,107
82$20,682,423$574,306$0$13,395,692
83$22,693,224$503,641$0$14,658,538
84$24,906,015$426,401$0$16,048,414
85$27,341,300$342,166$0$17,578,294
86$30,021,672$250,491$0$19,262,478
87$32,972,026$150,909$0$21,116,730
88$36,219,793$42,924$0$23,158,427
89$39,795,198$0$0$25,406,724
90$43,731,545$0$0$27,907,156
91$48,065,532$0$0$30,675,872
92$52,837,597$0$0$33,724,546
93$58,092,299$0$0$37,081,656
94$63,878,736$0$0$40,778,584
95$70,251,011$0$0$44,849,908
96$77,268,743$0$0$49,333,732
97$84,997,626$0$0$54,272,044
98$93,510,050$0$0$59,711,111
99$102,885,785$0$0$65,701,918
100$113,212,734$0$0$72,300,645