Can I retire at age 45 with 885,000?

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 $885,000?

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$73,082$72,431$71,796$71,176$70,571$70,274
2 years$36,179$35,506$34,853$34,219$33,605$33,305
3 years$23,880$23,203$22,552$21,925$21,321$21,027
4 years$17,732$17,057$16,412$15,796$15,206$14,921
5 years$14,043$13,373$12,736$12,132$11,559$11,284
6 years$11,585$10,920$10,293$9,702$9,147$8,881
7 years$9,830$9,171$8,553$7,977$7,439$7,183
8 years$8,515$7,861$7,254$6,692$6,171$5,926
9 years$7,492$6,844$6,248$5,700$5,197$4,961
10 years$6,674$6,033$5,447$4,913$4,428$4,202
11 years$6,006$5,371$4,795$4,276$3,808$3,592
12 years$5,449$4,820$4,256$3,751$3,300$3,094
13 years$4,978$4,356$3,802$3,311$2,878$2,681
14 years$4,575$3,960$3,416$2,939$2,523$2,335
15 years$4,226$3,617$3,085$2,621$2,221$2,043
16 years$3,921$3,319$2,797$2,347$1,963$1,793
17 years$3,652$3,057$2,545$2,109$1,741$1,579
18 years$3,413$2,824$2,323$1,901$1,548$1,394
19 years$3,200$2,618$2,127$1,717$1,379$1,234
20 years$3,008$2,432$1,952$1,555$1,232$1,095
21 years$2,834$2,266$1,795$1,412$1,103$972
22 years$2,677$2,115$1,655$1,283$988$865
23 years$2,534$1,978$1,528$1,169$887$771
24 years$2,402$1,853$1,413$1,066$797$688
25 years$2,282$1,739$1,309$974$718$614
26 years$2,170$1,635$1,214$890$646$549
27 years$2,068$1,538$1,127$815$583$491
28 years$1,972$1,450$1,048$747$526$440
29 years$1,884$1,368$975$685$475$394
30 years$1,801$1,291$908$628$429$353
31 years$1,724$1,221$847$577$388$317
32 years$1,652$1,155$790$530$351$284
33 years$1,585$1,094$738$488$318$255
34 years$1,521$1,037$689$449$287$229
35 years$1,462$983$644$413$260$206
36 years$1,406$933$603$380$236$185
37 years$1,353$887$564$351$214$166
38 years$1,302$843$528$323$194$149
39 years$1,255$801$495$298$176$134
40 years$1,210$762$464$275$159$121
41 years$1,167$726$435$253$145$109
42 years$1,127$691$408$234$131$98
43 years$1,088$658$383$216$119$88
44 years$1,052$628$359$199$108$79
45 years$1,017$598$337$184$98$71
46 years$983$571$317$170$89$64
47 years$951$545$298$157$81$58
48 years$921$520$280$145$73$52
49 years$892$497$263$134$67$47
50 years$864$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 $885,000, adding $3,447 every year, while hoping to spend $32,071 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: 51/41/8 Blend
44$885,000$885,000$885,000$885,000
45$978,826$931,921$918,203$1,026,580
46$1,044,542$943,461$914,840$1,071,018
47$1,115,888$954,493$910,289$1,115,564
48$1,193,401$964,956$904,476$1,163,231
49$1,277,678$974,788$897,326$1,214,319
50$1,369,370$983,923$888,756$1,269,160
51$1,469,199$992,288$878,682$1,328,122
52$1,577,955$999,807$867,015$1,391,608
53$1,696,509$1,006,401$853,663$1,460,067
54$1,825,821$1,011,982$838,529$1,533,992
55$1,966,944$1,016,459$821,509$1,613,927
56$2,121,042$1,019,735$802,499$1,700,476
57$2,289,391$1,021,705$781,386$1,794,303
58$2,473,400$1,022,259$758,053$1,896,143
59$2,674,619$1,021,282$732,380$2,006,805
60$2,894,753$1,018,648$704,238$2,127,185
61$3,135,682$1,014,225$673,493$2,258,272
62$3,399,473$1,007,875$640,008$2,401,156
63$3,688,406$999,447$603,634$2,557,043
64$4,004,989$988,786$564,222$2,727,261
65$4,351,985$975,723$521,610$2,913,279
66$4,732,437$960,083$475,634$3,116,717
67$5,149,697$941,678$426,118$3,339,365
68$5,607,455$920,309$372,882$3,583,196
69$6,109,778$895,767$315,736$3,850,391
70$6,661,144$867,828$254,482$4,143,353
71$7,266,487$836,258$188,914$4,464,738
72$7,931,241$800,807$118,814$4,817,474
73$8,661,392$761,211$43,960$5,204,795
74$9,463,535$717,192$0$5,630,268
75$10,344,936$668,454$0$6,100,895
76$11,313,597$614,686$0$6,622,156
77$12,378,336$555,558$0$7,195,108
78$13,548,868$490,722$0$7,825,063
79$14,835,893$419,808$0$8,517,875
80$16,251,204$342,429$0$9,280,004
81$17,807,791$258,172$0$10,118,575
82$19,519,968$166,604$0$11,041,445
83$21,403,504$67,267$0$12,057,280
84$23,475,774$0$0$13,175,636
85$25,755,923$0$0$14,425,247
86$28,265,043$0$0$15,833,845
87$31,026,378$0$0$17,384,143
88$34,065,536$0$0$19,090,531
89$37,410,733$0$0$20,968,867
90$41,093,061$0$0$23,036,623
91$45,146,779$0$0$25,313,051
92$49,609,637$0$0$27,819,365
93$54,523,230$0$0$30,578,942
94$59,933,392$0$0$33,617,539
95$65,890,627$0$0$36,963,538
96$72,450,587$0$0$40,648,215
97$79,674,595$0$0$44,706,032
98$87,630,225$0$0$49,174,966
99$96,391,936$0$0$54,096,861
100$106,041,780$0$0$59,517,831