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%14.9%
1 years$73,082$72,431$71,796$71,176$70,571$69,146
2 years$36,179$35,506$34,853$34,219$33,605$32,176
3 years$23,880$23,203$22,552$21,925$21,321$19,931
4 years$17,732$17,057$16,412$15,796$15,206$13,868
5 years$14,043$13,373$12,736$12,132$11,559$10,276
6 years$11,585$10,920$10,293$9,702$9,147$7,919
7 years$9,830$9,171$8,553$7,977$7,439$6,267
8 years$8,515$7,861$7,254$6,692$6,171$5,056
9 years$7,492$6,844$6,248$5,700$5,197$4,137
10 years$6,674$6,033$5,447$4,913$4,428$3,422
11 years$6,006$5,371$4,795$4,276$3,808$2,855
12 years$5,449$4,820$4,256$3,751$3,300$2,399
13 years$4,978$4,356$3,802$3,311$2,878$2,027
14 years$4,575$3,960$3,416$2,939$2,523$1,720
15 years$4,226$3,617$3,085$2,621$2,221$1,465
16 years$3,921$3,319$2,797$2,347$1,963$1,252
17 years$3,652$3,057$2,545$2,109$1,741$1,073
18 years$3,413$2,824$2,323$1,901$1,548$921
19 years$3,200$2,618$2,127$1,717$1,379$793
20 years$3,008$2,432$1,952$1,555$1,232$683
21 years$2,834$2,266$1,795$1,412$1,103$589
22 years$2,677$2,115$1,655$1,283$988$509
23 years$2,534$1,978$1,528$1,169$887$440
24 years$2,402$1,853$1,413$1,066$797$381
25 years$2,282$1,739$1,309$974$718$330
26 years$2,170$1,635$1,214$890$646$286
27 years$2,068$1,538$1,127$815$583$248
28 years$1,972$1,450$1,048$747$526$215
29 years$1,884$1,368$975$685$475$187
30 years$1,801$1,291$908$628$429$162
31 years$1,724$1,221$847$577$388$141
32 years$1,652$1,155$790$530$351$122
33 years$1,585$1,094$738$488$318$106
34 years$1,521$1,037$689$449$287$92
35 years$1,462$983$644$413$260$80
36 years$1,406$933$603$380$236$70
37 years$1,353$887$564$351$214$61
38 years$1,302$843$528$323$194$53
39 years$1,255$801$495$298$176$46
40 years$1,210$762$464$275$159$40
41 years$1,167$726$435$253$145$35
42 years$1,127$691$408$234$131$30
43 years$1,088$658$383$216$119$26
44 years$1,052$628$359$199$108$23
45 years$1,017$598$337$184$98$20
46 years$983$571$317$170$89$17
47 years$951$545$298$157$81$15
48 years$921$520$280$145$73$13
49 years$892$497$263$134$67$11
50 years$864$474$247$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $885,000, adding $4,232 every year, while hoping to spend $31,767 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: 41/38/21 Blend
44$885,000$885,000$885,000$885,000
45$979,635$932,730$919,013$1,013,587
46$1,045,758$944,634$916,000$1,050,129
47$1,117,561$956,057$911,821$1,086,289
48$1,195,590$966,941$906,405$1,124,781
49$1,280,444$977,225$899,674$1,165,835
50$1,372,785$986,845$891,549$1,209,707
51$1,473,340$995,731$881,946$1,256,679
52$1,582,908$1,003,809$870,778$1,307,064
53$1,702,369$1,011,001$857,954$1,361,209
54$1,832,693$1,017,222$843,378$1,419,498
55$1,974,945$1,022,383$826,948$1,482,354
56$2,130,300$1,026,390$808,561$1,550,247
57$2,300,048$1,029,141$788,106$1,623,699
58$2,485,614$1,030,530$765,468$1,703,282
59$2,688,562$1,030,441$740,527$1,789,634
60$2,910,618$1,028,756$713,157$1,883,459
61$3,153,680$1,025,343$683,227$1,985,534
62$3,419,838$1,020,069$650,598$2,096,720
63$3,711,397$1,012,787$615,128$2,217,969
64$4,030,890$1,003,344$576,666$2,350,332
65$4,381,111$991,578$535,054$2,494,973
66$4,765,135$977,316$490,129$2,653,177
67$5,186,350$960,376$441,720$2,826,365
68$5,648,487$940,563$389,647$3,016,106
69$6,155,655$917,673$333,722$3,224,135
70$6,712,381$891,489$273,752$3,452,368
71$7,323,653$861,781$209,531$3,702,924
72$7,994,962$828,305$140,847$3,978,140
73$8,732,360$790,804$67,477$4,280,599
74$9,542,514$749,005$0$4,613,156
75$10,432,765$702,622$0$4,981,385
76$11,411,205$651,348$0$5,402,633
77$12,486,746$594,862$0$5,865,664
78$13,669,208$532,824$0$6,374,778
79$14,969,408$464,874$0$6,934,719
80$16,399,266$390,631$0$7,550,719
81$17,971,913$309,694$0$8,228,553
82$19,701,818$221,639$0$8,974,586
83$21,604,922$126,017$0$9,795,843
84$23,698,788$22,356$0$10,700,071
85$26,002,768$0$0$11,695,812
86$28,538,185$0$0$12,830,060
87$31,328,534$0$0$14,088,777
88$34,399,701$0$0$15,474,311
89$37,780,211$0$0$16,999,545
90$41,501,492$0$0$18,678,680
91$45,598,176$0$0$20,527,359
92$50,108,424$0$0$22,562,823
93$55,074,282$0$0$24,804,066
94$60,542,085$0$0$27,272,021
95$66,562,885$0$0$29,989,753
96$73,192,940$0$0$32,982,677
97$80,494,242$0$0$36,278,799
98$88,535,098$0$0$39,908,980
99$97,390,780$0$0$43,907,227
100$107,144,233$0$0$48,311,012