Can I retire at age 45 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$73,000$72,350$71,715$71,096$70,491$70,194
2 years$36,139$35,466$34,813$34,181$33,567$33,267
3 years$23,853$23,177$22,526$21,900$21,296$21,003
4 years$17,712$17,038$16,393$15,778$15,189$14,904
5 years$14,028$13,358$12,722$12,119$11,546$11,271
6 years$11,572$10,908$10,281$9,691$9,136$8,871
7 years$9,819$9,160$8,544$7,968$7,430$7,175
8 years$8,505$7,852$7,246$6,684$6,164$5,919
9 years$7,484$6,837$6,241$5,693$5,191$4,956
10 years$6,667$6,026$5,441$4,908$4,423$4,198
11 years$5,999$5,365$4,790$4,271$3,804$3,588
12 years$5,443$4,815$4,251$3,746$3,296$3,090
13 years$4,973$4,351$3,798$3,308$2,875$2,678
14 years$4,570$3,955$3,413$2,936$2,520$2,332
15 years$4,221$3,613$3,081$2,618$2,219$2,040
16 years$3,916$3,315$2,793$2,345$1,961$1,791
17 years$3,648$3,053$2,542$2,107$1,739$1,577
18 years$3,409$2,821$2,320$1,898$1,546$1,393
19 years$3,196$2,615$2,124$1,715$1,378$1,233
20 years$3,004$2,430$1,950$1,554$1,231$1,093
21 years$2,831$2,263$1,793$1,410$1,101$971
22 years$2,674$2,113$1,653$1,282$987$864
23 years$2,531$1,976$1,526$1,168$886$770
24 years$2,400$1,851$1,411$1,065$797$687
25 years$2,279$1,737$1,307$973$717$614
26 years$2,168$1,633$1,212$889$646$548
27 years$2,065$1,537$1,126$814$582$491
28 years$1,970$1,448$1,047$746$525$439
29 years$1,882$1,366$974$684$474$393
30 years$1,799$1,290$907$628$429$353
31 years$1,723$1,219$846$576$387$316
32 years$1,651$1,154$789$530$350$284
33 years$1,583$1,093$737$487$317$255
34 years$1,520$1,036$688$448$287$229
35 years$1,460$982$644$413$260$205
36 years$1,404$932$602$380$236$185
37 years$1,351$886$563$350$214$166
38 years$1,301$842$528$323$194$149
39 years$1,253$800$494$298$176$134
40 years$1,209$761$463$274$159$121
41 years$1,166$725$435$253$144$109
42 years$1,125$690$408$234$131$98
43 years$1,087$658$382$216$119$88
44 years$1,050$627$359$199$108$79
45 years$1,015$598$337$184$98$71
46 years$982$570$317$170$89$64
47 years$950$544$297$157$81$58
48 years$920$520$280$145$73$52
49 years$891$496$263$134$67$47
50 years$863$474$247$124$61$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $884,000, adding $3,498 every year, while hoping to spend $52,537 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: 50/27/23 Blend
44$884,000$884,000$884,000$884,000
45$977,776$930,924$917,222$1,020,189
46$1,021,610$920,641$892,050$1,039,726
47$1,068,155$908,092$864,274$1,055,342
48$1,117,631$893,113$833,751$1,071,236
49$1,170,279$875,526$800,332$1,087,455
50$1,226,366$855,144$763,861$1,104,056
51$1,286,180$831,771$724,175$1,121,103
52$1,350,038$805,196$681,104$1,138,672
53$1,418,290$775,198$634,468$1,156,849
54$1,491,315$741,542$584,082$1,175,734
55$1,569,532$703,981$529,752$1,195,441
56$1,653,400$662,251$471,274$1,216,100
57$1,743,420$616,076$408,436$1,237,859
58$1,840,147$565,161$341,016$1,260,887
59$1,944,184$509,196$268,783$1,285,374
60$2,056,199$447,855$191,494$1,311,538
61$2,176,920$380,789$108,899$1,339,623
62$2,307,152$307,633$20,732$1,369,904
63$2,447,775$228,000$0$1,402,694
64$2,599,758$141,482$0$1,456,344
65$2,764,166$47,648$0$1,519,846
66$2,942,169$0$0$1,588,622
67$3,135,055$0$0$1,679,276
68$3,344,238$0$0$1,793,019
69$3,571,274$0$0$1,916,551
70$3,817,874$0$0$2,050,815
71$4,085,920$0$0$2,196,844
72$4,377,484$0$0$2,355,779
73$4,694,844$0$0$2,528,874
74$5,040,506$0$0$2,717,507
75$5,417,230$0$0$2,923,198
76$5,828,051$0$0$3,147,617
77$6,276,312$0$0$3,392,604
78$6,765,690$0$0$3,660,183
79$7,300,233$0$0$3,952,584
80$7,884,400$0$0$4,272,260
81$8,523,098$0$0$4,621,913
82$9,221,730$0$0$5,004,518
83$9,986,244$0$0$5,423,350
84$10,823,191$0$0$5,882,017
85$11,739,785$0$0$6,384,492
86$12,743,969$0$0$6,935,147
87$13,844,492$0$0$7,538,802
88$15,050,988$0$0$8,200,761
89$16,374,069$0$0$8,926,871
90$17,825,423$0$0$9,723,566
91$19,417,923$0$0$10,597,939
92$21,165,748$0$0$11,557,799
93$23,084,518$0$0$12,611,748
94$25,191,438$0$0$13,769,265
95$27,505,462$0$0$15,040,789
96$30,047,468$0$0$16,437,820
97$32,840,456$0$0$17,973,029
98$35,909,766$0$0$19,660,374
99$39,283,312$0$0$21,515,232
100$42,991,849$0$0$23,554,545