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%19.7%
1 years$73,248$72,595$71,959$71,337$70,731$67,978
2 years$36,261$35,586$34,931$34,297$33,681$30,941
3 years$23,934$23,256$22,603$21,974$21,369$18,728
4 years$17,772$17,095$16,449$15,831$15,240$12,718
5 years$14,075$13,403$12,765$12,160$11,585$9,189
6 years$11,612$10,945$10,316$9,724$9,167$6,898
7 years$9,853$9,191$8,573$7,995$7,455$5,312
8 years$8,534$7,879$7,270$6,707$6,185$4,166
9 years$7,509$6,860$6,262$5,713$5,209$3,311
10 years$6,689$6,047$5,459$4,924$4,438$2,658
11 years$6,019$5,383$4,806$4,286$3,817$2,150
12 years$5,461$4,831$4,265$3,759$3,308$1,750
13 years$4,990$4,366$3,811$3,319$2,884$1,431
14 years$4,585$3,969$3,424$2,946$2,528$1,175
15 years$4,236$3,625$3,092$2,627$2,226$968
16 years$3,930$3,326$2,803$2,352$1,967$799
17 years$3,660$3,063$2,551$2,114$1,745$661
18 years$3,421$2,831$2,328$1,905$1,551$548
19 years$3,207$2,623$2,131$1,721$1,383$455
20 years$3,015$2,438$1,956$1,559$1,235$378
21 years$2,841$2,271$1,799$1,415$1,105$314
22 years$2,683$2,120$1,658$1,286$991$261
23 years$2,539$1,983$1,531$1,172$889$218
24 years$2,408$1,857$1,416$1,068$799$181
25 years$2,287$1,743$1,312$976$719$151
26 years$2,175$1,638$1,216$892$648$126
27 years$2,072$1,542$1,130$817$584$105
28 years$1,977$1,453$1,050$748$527$88
29 years$1,888$1,371$977$686$476$73
30 years$1,806$1,294$910$630$430$61
31 years$1,728$1,224$849$578$389$51
32 years$1,656$1,158$792$532$352$43
33 years$1,588$1,096$739$489$318$36
34 years$1,525$1,039$691$450$288$30
35 years$1,465$986$646$414$261$25
36 years$1,409$936$604$381$236$21
37 years$1,356$889$565$351$214$17
38 years$1,305$844$529$324$194$14
39 years$1,258$803$496$299$176$12
40 years$1,213$764$465$275$160$10
41 years$1,170$727$436$254$145$8
42 years$1,129$693$409$234$132$7
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$4
46 years$985$572$318$170$89$3
47 years$954$546$298$158$81$3
48 years$923$521$280$146$74$2
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 $3,030 every year, while hoping to spend $57,180 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$887,000$887,000$887,000$887,000
45$980,599$933,588$919,840$1,028,462
46$1,019,782$918,495$889,816$1,046,293
47$1,061,044$900,746$856,869$1,059,269
48$1,104,538$880,150$820,842$1,072,025
49$1,150,429$856,506$781,568$1,084,553
50$1,198,898$829,600$738,876$1,096,849
51$1,250,142$799,207$692,584$1,108,912
52$1,304,374$765,086$642,504$1,120,743
53$1,361,830$726,984$588,437$1,132,350
54$1,422,765$684,635$530,178$1,143,744
55$1,487,459$637,754$467,512$1,154,943
56$1,556,219$586,043$400,212$1,165,972
57$1,629,379$529,185$328,045$1,176,863
58$1,707,305$466,845$250,764$1,187,660
59$1,790,400$398,669$168,114$1,198,414
60$1,879,102$324,286$79,827$1,209,189
61$1,973,893$243,298$0$1,220,065
62$2,075,302$155,291$0$1,232,362
63$2,183,906$59,824$0$1,252,315
64$2,300,341$0$0$1,273,261
65$2,425,303$0$0$1,315,035
66$2,559,557$0$0$1,388,975
67$2,703,941$0$0$1,468,561
68$2,859,377$0$0$1,554,309
69$3,026,875$0$0$1,646,786
70$3,207,547$0$0$1,746,614
71$3,402,614$0$0$1,854,478
72$3,613,416$0$0$1,971,131
73$3,841,428$0$0$2,097,398
74$4,088,269$0$0$2,234,189
75$4,355,721$0$0$2,382,502
76$4,645,742$0$0$2,543,436
77$4,960,487$0$0$2,718,201
78$5,302,322$0$0$2,908,124
79$5,673,855$0$0$3,114,668
80$6,077,951$0$0$3,339,443
81$6,517,764$0$0$3,584,217
82$6,996,764$0$0$3,850,939
83$7,518,768$0$0$4,141,752
84$8,087,979$0$0$4,459,016
85$8,709,022$0$0$4,805,327
86$9,386,988$0$0$5,183,544
87$10,127,480$0$0$5,596,813
88$10,936,668$0$0$6,048,599
89$11,821,342$0$0$6,542,716
90$12,788,981$0$0$7,083,363
91$13,847,817$0$0$7,675,165
92$15,006,918$0$0$8,323,214
93$16,276,265$0$0$9,033,116
94$17,666,852$0$0$9,811,049
95$19,190,788$0$0$10,663,812
96$20,861,405$0$0$11,598,896
97$22,693,390$0$0$12,624,550
98$24,702,917$0$0$13,749,863
99$26,907,802$0$0$14,984,842
100$29,327,669$0$0$16,340,512