Can I retire at age 45 with 888,000?

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 $888,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$73,330$72,677$72,040$71,418$70,810$69,494
2 years$36,302$35,626$34,971$34,335$33,719$32,398
3 years$23,961$23,282$22,628$21,999$21,393$20,108
4 years$17,792$17,115$16,468$15,849$15,258$14,019
5 years$14,091$13,418$12,780$12,174$11,599$10,410
6 years$11,625$10,957$10,328$9,735$9,178$8,040
7 years$9,864$9,202$8,582$8,004$7,464$6,377
8 years$8,544$7,887$7,279$6,714$6,192$5,156
9 years$7,517$6,867$6,269$5,719$5,215$4,229
10 years$6,697$6,053$5,466$4,930$4,443$3,507
11 years$6,026$5,389$4,812$4,291$3,821$2,934
12 years$5,467$4,837$4,270$3,763$3,311$2,471
13 years$4,995$4,371$3,815$3,322$2,888$2,093
14 years$4,591$3,973$3,428$2,949$2,531$1,781
15 years$4,240$3,630$3,095$2,630$2,229$1,522
16 years$3,934$3,330$2,806$2,355$1,970$1,304
17 years$3,664$3,067$2,553$2,116$1,746$1,121
18 years$3,425$2,834$2,331$1,907$1,553$965
19 years$3,211$2,626$2,134$1,723$1,384$833
20 years$3,018$2,441$1,958$1,561$1,236$720
21 years$2,844$2,273$1,801$1,416$1,106$623
22 years$2,686$2,122$1,660$1,288$992$540
23 years$2,542$1,985$1,533$1,173$890$468
24 years$2,410$1,860$1,418$1,070$800$407
25 years$2,289$1,745$1,313$977$720$353
26 years$2,178$1,640$1,218$893$649$307
27 years$2,075$1,544$1,131$818$585$267
28 years$1,979$1,454$1,051$749$528$233
29 years$1,890$1,372$978$687$476$203
30 years$1,808$1,296$911$630$430$176
31 years$1,730$1,225$850$579$389$154
32 years$1,658$1,159$793$532$352$134
33 years$1,590$1,098$740$489$319$117
34 years$1,527$1,040$691$450$288$102
35 years$1,467$987$646$414$261$89
36 years$1,410$937$605$382$237$78
37 years$1,357$890$566$352$215$68
38 years$1,307$845$530$324$195$59
39 years$1,259$804$497$299$176$52
40 years$1,214$765$465$276$160$45
41 years$1,171$728$436$254$145$39
42 years$1,131$693$409$235$132$34
43 years$1,092$661$384$217$120$30
44 years$1,055$630$361$200$108$26
45 years$1,020$600$339$185$98$23
46 years$987$573$318$171$89$20
47 years$955$547$299$158$81$17
48 years$924$522$281$146$74$15
49 years$895$498$264$135$67$13
50 years$867$476$248$124$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $888,000, adding $5,040 every year, while hoping to spend $51,078 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: 66/20/14 Blend
44$888,000$888,000$888,000$888,000
45$983,775$936,711$922,947$1,045,157
46$1,029,773$928,263$899,519$1,078,322
47$1,078,752$917,689$873,594$1,108,115
48$1,130,960$904,832$845,035$1,139,402
49$1,186,672$889,523$813,698$1,172,326
50$1,246,188$871,585$779,432$1,207,045
51$1,309,836$850,830$742,081$1,243,738
52$1,377,978$827,058$701,479$1,282,600
53$1,451,008$800,061$657,454$1,323,851
54$1,529,360$769,613$609,828$1,367,733
55$1,613,510$735,479$558,413$1,414,516
56$1,703,980$697,409$503,012$1,464,498
57$1,801,343$655,140$443,420$1,518,014
58$1,906,230$608,392$379,424$1,575,429
59$2,019,331$556,869$310,801$1,637,155
60$2,141,407$500,259$237,317$1,703,644
61$2,273,292$438,233$158,728$1,775,398
62$2,415,903$370,442$74,781$1,852,976
63$2,570,248$296,517$0$1,936,995
64$2,737,437$216,069$0$2,030,352
65$2,918,686$128,688$0$2,143,657
66$3,115,337$33,939$0$2,266,613
67$3,328,864$0$0$2,400,195
68$3,560,886$0$0$2,560,585
69$3,813,188$0$0$2,743,166
70$4,087,731$0$0$2,941,894
71$4,386,674$0$0$3,158,338
72$4,712,392$0$0$3,394,226
73$5,067,499$0$0$3,651,456
74$5,454,872$0$0$3,932,122
75$5,877,677$0$0$4,238,524
76$6,339,400$0$0$4,573,197
77$6,843,878$0$0$4,938,930
78$7,395,335$0$0$5,338,795
79$7,998,423$0$0$5,776,174
80$8,658,261$0$0$6,254,788
81$9,380,489$0$0$6,778,739
82$10,171,316$0$0$7,352,541
83$11,037,578$0$0$7,981,165
84$11,986,806$0$0$8,670,087
85$13,027,292$0$0$9,425,336
86$14,168,169$0$0$10,253,555
87$15,419,497$0$0$11,162,056
88$16,792,355$0$0$12,158,898
89$18,298,946$0$0$13,252,955
90$19,952,714$0$0$14,454,002
91$21,768,465$0$0$15,772,807
92$23,762,510$0$0$17,221,231
93$25,952,819$0$0$18,812,342
94$28,359,185$0$0$20,560,535
95$31,003,414$0$0$22,481,667
96$33,909,530$0$0$24,593,210
97$37,103,998$0$0$26,914,410
98$40,615,977$0$0$29,466,472
99$44,477,589$0$0$32,272,758
100$48,724,228$0$0$35,359,008