Can I retire at age 45 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$72,917$72,268$71,634$71,016$70,412$68,349
2 years$36,098$35,425$34,774$34,142$33,529$31,468
3 years$23,826$23,151$22,501$21,875$21,272$19,277
4 years$17,691$17,018$16,375$15,760$15,172$13,258
5 years$14,012$13,343$12,708$12,105$11,533$9,706
6 years$11,559$10,895$10,270$9,681$9,126$7,386
7 years$9,808$9,150$8,534$7,959$7,422$5,770
8 years$8,496$7,843$7,238$6,677$6,157$4,593
9 years$7,475$6,829$6,234$5,687$5,185$3,706
10 years$6,659$6,019$5,435$4,902$4,418$3,022
11 years$5,992$5,359$4,785$4,266$3,800$2,485
12 years$5,437$4,810$4,246$3,742$3,293$2,057
13 years$4,967$4,346$3,794$3,304$2,871$1,711
14 years$4,565$3,951$3,409$2,933$2,517$1,429
15 years$4,216$3,609$3,078$2,615$2,216$1,198
16 years$3,912$3,311$2,790$2,342$1,959$1,007
17 years$3,644$3,050$2,539$2,104$1,737$849
18 years$3,405$2,818$2,318$1,896$1,544$717
19 years$3,192$2,612$2,122$1,713$1,376$606
20 years$3,001$2,427$1,947$1,552$1,229$513
21 years$2,828$2,261$1,791$1,408$1,100$435
22 years$2,671$2,110$1,651$1,281$986$369
23 years$2,528$1,974$1,524$1,166$885$314
24 years$2,397$1,849$1,410$1,064$796$267
25 years$2,277$1,735$1,306$971$716$227
26 years$2,166$1,631$1,211$888$645$193
27 years$2,063$1,535$1,124$813$581$164
28 years$1,968$1,446$1,045$745$525$140
29 years$1,880$1,364$973$683$474$119
30 years$1,797$1,289$906$627$428$101
31 years$1,721$1,218$845$576$387$86
32 years$1,649$1,153$788$529$350$74
33 years$1,581$1,092$736$487$317$63
34 years$1,518$1,034$688$448$287$54
35 years$1,459$981$643$412$260$46
36 years$1,402$931$601$380$235$39
37 years$1,349$885$563$350$213$33
38 years$1,299$841$527$322$193$28
39 years$1,252$799$494$297$175$24
40 years$1,207$761$463$274$159$21
41 years$1,165$724$434$253$144$18
42 years$1,124$689$407$233$131$15
43 years$1,086$657$382$215$119$13
44 years$1,049$626$359$199$108$11
45 years$1,014$597$337$184$98$9
46 years$981$570$316$170$89$8
47 years$949$544$297$157$81$7
48 years$919$519$279$145$73$6
49 years$890$496$262$134$67$5
50 years$862$473$247$124$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $883,000, adding $2,263 every year, while hoping to spend $35,228 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: 66/15/19 Blend
44$883,000$883,000$883,000$883,000
45$975,400$928,601$914,915$1,035,012
46$1,037,409$936,620$908,082$1,083,258
47$1,104,561$943,852$899,840$1,131,715
48$1,177,346$950,220$890,104$1,183,841
49$1,256,298$955,643$878,785$1,239,997
50$1,342,007$960,037$865,791$1,300,580
51$1,435,123$963,309$851,026$1,366,029
52$1,536,357$965,363$834,387$1,436,826
53$1,646,495$966,095$815,768$1,513,506
54$1,766,400$965,396$795,059$1,596,657
55$1,897,022$963,150$772,143$1,686,931
56$2,039,406$959,233$746,898$1,785,043
57$2,194,704$953,514$719,197$1,891,785
58$2,364,182$945,854$688,908$2,008,031
59$2,549,233$936,105$655,891$2,134,744
60$2,751,393$924,112$620,001$2,272,987
61$2,972,350$909,709$581,087$2,423,934
62$3,213,964$892,719$538,988$2,588,877
63$3,478,284$872,958$493,540$2,769,246
64$3,767,564$850,228$444,569$2,966,614
65$4,084,288$824,321$391,893$3,182,721
66$4,431,189$795,017$335,325$3,419,482
67$4,811,278$762,080$274,667$3,679,013
68$5,227,872$725,266$209,712$3,963,646
69$5,684,622$684,311$140,244$4,275,954
70$6,185,552$638,941$66,041$4,618,775
71$6,735,091$588,861$0$4,995,240
72$7,338,119$533,764$0$5,411,466
73$8,000,011$473,323$0$5,883,059
74$8,726,689$407,193$0$6,400,866
75$9,524,674$335,008$0$6,969,574
76$10,401,152$256,384$0$7,594,347
77$11,364,036$170,914$0$8,280,878
78$12,422,047$78,168$0$9,035,441
79$13,584,789$0$0$9,864,949
80$14,862,846$0$0$10,780,707
81$16,267,875$0$0$11,801,688
82$17,812,721$0$0$12,924,332
83$19,511,535$0$0$14,158,931
84$21,379,909$0$0$15,516,822
85$23,435,020$0$0$17,010,499
86$25,695,795$0$0$18,653,727
87$28,183,086$0$0$20,461,671
88$30,919,871$0$0$22,451,040
89$33,931,463$0$0$24,640,248
90$37,245,758$0$0$27,049,579
91$40,893,490$0$0$29,701,387
92$44,908,523$0$0$32,620,301
93$49,328,172$0$0$35,833,459
94$54,193,553$0$0$39,370,765
95$59,549,971$0$0$43,265,168
96$65,447,347$0$0$47,552,976
97$71,940,689$0$0$52,274,196
98$79,090,609$0$0$57,472,910
99$86,963,899$0$0$63,197,696
100$95,634,154$0$0$69,502,080