Can I retire at age 45 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$73,248$72,595$71,959$71,337$70,731$68,059
2 years$36,261$35,586$34,931$34,297$33,681$31,020
3 years$23,934$23,256$22,603$21,974$21,369$18,803
4 years$17,772$17,095$16,449$15,831$15,240$12,789
5 years$14,075$13,403$12,765$12,160$11,585$9,254
6 years$11,612$10,945$10,316$9,724$9,167$6,958
7 years$9,853$9,191$8,573$7,995$7,455$5,368
8 years$8,534$7,879$7,270$6,707$6,185$4,217
9 years$7,509$6,860$6,262$5,713$5,209$3,358
10 years$6,689$6,047$5,459$4,924$4,438$2,701
11 years$6,019$5,383$4,806$4,286$3,817$2,189
12 years$5,461$4,831$4,265$3,759$3,308$1,785
13 years$4,990$4,366$3,811$3,319$2,884$1,463
14 years$4,585$3,969$3,424$2,946$2,528$1,204
15 years$4,236$3,625$3,092$2,627$2,226$993
16 years$3,930$3,326$2,803$2,352$1,967$822
17 years$3,660$3,063$2,551$2,114$1,745$682
18 years$3,421$2,831$2,328$1,905$1,551$566
19 years$3,207$2,623$2,131$1,721$1,383$471
20 years$3,015$2,438$1,956$1,559$1,235$392
21 years$2,841$2,271$1,799$1,415$1,105$327
22 years$2,683$2,120$1,658$1,286$991$273
23 years$2,539$1,983$1,531$1,172$889$228
24 years$2,408$1,857$1,416$1,068$799$190
25 years$2,287$1,743$1,312$976$719$159
26 years$2,175$1,638$1,216$892$648$133
27 years$2,072$1,542$1,130$817$584$111
28 years$1,977$1,453$1,050$748$527$93
29 years$1,888$1,371$977$686$476$78
30 years$1,806$1,294$910$630$430$65
31 years$1,728$1,224$849$578$389$54
32 years$1,656$1,158$792$532$352$46
33 years$1,588$1,096$739$489$318$38
34 years$1,525$1,039$691$450$288$32
35 years$1,465$986$646$414$261$27
36 years$1,409$936$604$381$236$22
37 years$1,356$889$565$351$214$19
38 years$1,305$844$529$324$194$16
39 years$1,258$803$496$299$176$13
40 years$1,213$764$465$275$160$11
41 years$1,170$727$436$254$145$9
42 years$1,129$693$409$234$132$8
43 years$1,091$660$384$216$119$6
44 years$1,054$629$360$200$108$5
45 years$1,019$600$338$185$98$5
46 years$985$572$318$170$89$4
47 years$954$546$298$158$81$3
48 years$923$521$280$146$74$3
49 years$894$498$264$135$67$2
50 years$866$476$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $887,000, adding $6,196 every year, while hoping to spend $51,370 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: 79/13/8 Blend
44$887,000$887,000$887,000$887,000
45$983,865$936,854$923,106$1,060,042
46$1,029,562$928,103$899,372$1,102,141
47$1,078,198$917,201$873,122$1,140,980
48$1,130,020$903,989$844,217$1,182,062
49$1,185,295$888,297$812,512$1,225,586
50$1,244,319$869,948$777,854$1,271,773
51$1,307,414$848,749$740,087$1,320,863
52$1,374,934$824,502$699,044$1,373,125
53$1,447,267$796,993$654,552$1,428,853
54$1,524,840$765,997$606,430$1,488,372
55$1,608,118$731,275$554,490$1,552,041
56$1,697,614$692,576$498,534$1,620,255
57$1,793,892$649,633$438,356$1,693,450
58$1,897,567$602,164$373,740$1,772,110
59$2,009,320$549,871$304,461$1,856,764
60$2,129,895$492,439$230,285$1,948,001
61$2,260,111$429,535$150,966$2,046,466
62$2,400,867$360,807$66,248$2,152,874
63$2,553,153$285,883$0$2,268,014
64$2,718,054$204,372$0$2,394,818
65$2,896,767$115,857$0$2,538,352
66$3,090,605$19,901$0$2,694,039
67$3,301,013$0$0$2,863,075
68$3,529,580$0$0$3,058,787
69$3,778,054$0$0$3,274,663
70$4,048,360$0$0$3,509,531
71$4,342,612$0$0$3,765,232
72$4,663,140$0$0$4,043,793
73$5,012,505$0$0$4,347,444
74$5,393,528$0$0$4,678,640
75$5,809,312$0$0$5,040,083
76$6,263,274$0$0$5,434,745
77$6,759,175$0$0$5,865,902
78$7,301,154$0$0$6,337,155
79$7,893,771$0$0$6,852,474
80$8,542,043$0$0$7,416,227
81$9,251,497$0$0$8,033,224
82$10,028,218$0$0$8,708,761
83$10,878,905$0$0$9,448,672
84$11,810,939$0$0$10,259,380
85$12,832,445$0$0$11,147,959
86$13,952,374$0$0$12,122,200
87$15,180,582$0$0$13,190,683
88$16,527,928$0$0$14,362,860
89$18,006,369$0$0$15,649,142
90$19,629,077$0$0$17,060,994
91$21,410,563$0$0$18,611,047
92$23,366,808$0$0$20,313,216
93$25,515,421$0$0$22,182,827
94$27,875,795$0$0$24,236,764
95$30,469,299$0$0$26,493,629
96$33,319,470$0$0$28,973,913
97$36,452,241$0$0$31,700,191
98$39,896,182$0$0$34,697,333
99$43,682,768$0$0$37,992,741
100$47,846,677$0$0$41,616,604