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%12.7%
1 years$72,917$72,268$71,634$71,016$70,412$69,618
2 years$36,098$35,425$34,774$34,142$33,529$32,731
3 years$23,826$23,151$22,501$21,875$21,272$20,493
4 years$17,691$17,018$16,375$15,760$15,172$14,418
5 years$14,012$13,343$12,708$12,105$11,533$10,807
6 years$11,559$10,895$10,270$9,681$9,126$8,428
7 years$9,808$9,150$8,534$7,959$7,422$6,753
8 years$8,496$7,843$7,238$6,677$6,157$5,517
9 years$7,475$6,829$6,234$5,687$5,185$4,574
10 years$6,659$6,019$5,435$4,902$4,418$3,835
11 years$5,992$5,359$4,785$4,266$3,800$3,244
12 years$5,437$4,810$4,246$3,742$3,293$2,764
13 years$4,967$4,346$3,794$3,304$2,871$2,369
14 years$4,565$3,951$3,409$2,933$2,517$2,041
15 years$4,216$3,609$3,078$2,615$2,216$1,765
16 years$3,912$3,311$2,790$2,342$1,959$1,532
17 years$3,644$3,050$2,539$2,104$1,737$1,333
18 years$3,405$2,818$2,318$1,896$1,544$1,163
19 years$3,192$2,612$2,122$1,713$1,376$1,017
20 years$3,001$2,427$1,947$1,552$1,229$891
21 years$2,828$2,261$1,791$1,408$1,100$781
22 years$2,671$2,110$1,651$1,281$986$687
23 years$2,528$1,974$1,524$1,166$885$604
24 years$2,397$1,849$1,410$1,064$796$532
25 years$2,277$1,735$1,306$971$716$469
26 years$2,166$1,631$1,211$888$645$413
27 years$2,063$1,535$1,124$813$581$365
28 years$1,968$1,446$1,045$745$525$322
29 years$1,880$1,364$973$683$474$285
30 years$1,797$1,289$906$627$428$252
31 years$1,721$1,218$845$576$387$223
32 years$1,649$1,153$788$529$350$197
33 years$1,581$1,092$736$487$317$174
34 years$1,518$1,034$688$448$287$154
35 years$1,459$981$643$412$260$137
36 years$1,402$931$601$380$235$121
37 years$1,349$885$563$350$213$107
38 years$1,299$841$527$322$193$95
39 years$1,252$799$494$297$175$84
40 years$1,207$761$463$274$159$75
41 years$1,165$724$434$253$144$66
42 years$1,124$689$407$233$131$59
43 years$1,086$657$382$215$119$52
44 years$1,049$626$359$199$108$46
45 years$1,014$597$337$184$98$41
46 years$981$570$316$170$89$36
47 years$949$544$297$157$81$32
48 years$919$519$279$145$73$29
49 years$890$496$262$134$67$25
50 years$862$473$247$124$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $883,000, adding $3,048 every year, while hoping to spend $33,562 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: 47/45/8 Blend
44$883,000$883,000$883,000$883,000
45$976,210$929,411$915,725$1,019,830
46$1,040,074$939,242$910,692$1,059,956
47$1,109,327$948,431$904,365$1,099,721
48$1,184,483$956,909$896,667$1,142,098
49$1,266,109$964,606$887,513$1,187,338
50$1,354,826$971,445$876,819$1,235,722
51$1,451,318$977,346$864,492$1,287,559
52$1,556,339$982,223$850,440$1,343,189
53$1,670,718$985,984$834,561$1,402,991
54$1,795,365$988,532$816,753$1,467,383
55$1,931,285$989,762$796,907$1,536,826
56$2,079,582$989,566$774,909$1,611,832
57$2,241,471$987,827$750,641$1,692,964
58$2,418,291$984,420$723,977$1,780,849
59$2,611,514$979,214$694,787$1,876,174
60$2,822,763$972,070$662,937$1,979,705
61$3,053,822$962,839$628,283$2,092,283
62$3,306,659$951,364$590,677$2,214,842
63$3,583,437$937,480$549,964$2,348,410
64$3,886,540$921,010$505,980$2,494,127
65$4,218,595$901,767$458,558$2,653,249
66$4,582,491$879,553$407,519$2,827,167
67$4,981,413$854,159$352,679$3,017,416
68$5,418,868$825,363$293,844$3,225,690
69$5,898,717$792,931$230,813$3,453,864
70$6,425,216$756,614$163,375$3,704,006
71$7,003,049$716,149$91,309$3,978,402
72$7,637,379$671,260$14,387$4,279,574
73$8,333,892$621,651$0$4,610,310
74$9,098,850$567,013$0$4,979,465
75$9,939,152$507,017$0$5,386,343
76$10,862,401$441,316$0$5,833,489
77$11,876,969$369,544$0$6,325,066
78$12,992,081$291,312$0$6,865,668
79$14,217,900$206,213$0$7,460,367
80$15,565,622$113,814$0$8,114,758
81$17,047,583$13,658$0$8,835,014
82$18,677,373$0$0$9,627,946
83$20,469,966$0$0$10,547,983
84$22,441,860$0$0$11,567,598
85$24,611,232$0$0$12,689,440
86$26,998,109$0$0$13,923,882
87$29,624,559$0$0$15,282,350
88$32,514,894$0$0$16,777,436
89$35,695,906$0$0$18,423,015
90$39,197,113$0$0$20,234,372
91$43,051,039$0$0$22,228,352
92$47,293,525$0$0$24,423,516
93$51,964,059$0$0$26,840,314
94$57,106,155$0$0$29,501,282
95$62,767,761$0$0$32,431,251
96$69,001,709$0$0$35,657,584
97$75,866,217$0$0$39,210,430
98$83,425,433$0$0$43,123,014
99$91,750,047$0$0$47,431,944
100$100,917,951$0$0$52,177,563