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%13.2%
1 years$73,330$72,677$72,040$71,418$70,810$69,868
2 years$36,302$35,626$34,971$34,335$33,719$32,771
3 years$23,961$23,282$22,628$21,999$21,393$20,468
4 years$17,792$17,115$16,468$15,849$15,258$14,364
5 years$14,091$13,418$12,780$12,174$11,599$10,739
6 years$11,625$10,957$10,328$9,735$9,178$8,353
7 years$9,864$9,202$8,582$8,004$7,464$6,674
8 years$8,544$7,887$7,279$6,714$6,192$5,437
9 years$7,517$6,867$6,269$5,719$5,215$4,494
10 years$6,697$6,053$5,466$4,930$4,443$3,756
11 years$6,026$5,389$4,812$4,291$3,821$3,168
12 years$5,467$4,837$4,270$3,763$3,311$2,691
13 years$4,995$4,371$3,815$3,322$2,888$2,299
14 years$4,591$3,973$3,428$2,949$2,531$1,973
15 years$4,240$3,630$3,095$2,630$2,229$1,701
16 years$3,934$3,330$2,806$2,355$1,970$1,471
17 years$3,664$3,067$2,553$2,116$1,746$1,276
18 years$3,425$2,834$2,331$1,907$1,553$1,109
19 years$3,211$2,626$2,134$1,723$1,384$966
20 years$3,018$2,441$1,958$1,561$1,236$843
21 years$2,844$2,273$1,801$1,416$1,106$737
22 years$2,686$2,122$1,660$1,288$992$645
23 years$2,542$1,985$1,533$1,173$890$565
24 years$2,410$1,860$1,418$1,070$800$496
25 years$2,289$1,745$1,313$977$720$435
26 years$2,178$1,640$1,218$893$649$382
27 years$2,075$1,544$1,131$818$585$336
28 years$1,979$1,454$1,051$749$528$296
29 years$1,890$1,372$978$687$476$260
30 years$1,808$1,296$911$630$430$229
31 years$1,730$1,225$850$579$389$202
32 years$1,658$1,159$793$532$352$178
33 years$1,590$1,098$740$489$319$157
34 years$1,527$1,040$691$450$288$138
35 years$1,467$987$646$414$261$122
36 years$1,410$937$605$382$237$108
37 years$1,357$890$566$352$215$95
38 years$1,307$845$530$324$195$84
39 years$1,259$804$497$299$176$74
40 years$1,214$765$465$276$160$65
41 years$1,171$728$436$254$145$58
42 years$1,131$693$409$235$132$51
43 years$1,092$661$384$217$120$45
44 years$1,055$630$361$200$108$40
45 years$1,020$600$339$185$98$35
46 years$987$573$318$171$89$31
47 years$955$547$299$158$81$27
48 years$924$522$281$146$74$24
49 years$895$498$264$135$67$21
50 years$867$476$248$124$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $888,000, adding $2,030 every year, while hoping to spend $59,927 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: 37/36/27 Blend
44$888,000$888,000$888,000$888,000
45$980,670$933,606$919,842$1,008,968
46$1,016,936$915,591$886,895$1,012,001
47$1,054,894$894,684$850,835$1,009,650
48$1,094,651$870,682$811,496$1,005,952
49$1,136,326$843,366$768,702$1,000,825
50$1,180,048$812,507$722,270$994,184
51$1,225,955$777,863$672,009$985,941
52$1,274,200$739,176$617,719$976,004
53$1,324,946$696,173$559,190$964,280
54$1,378,373$648,568$496,206$950,672
55$1,434,676$596,057$428,537$935,081
56$1,494,066$538,317$355,946$917,407
57$1,556,775$475,009$278,185$897,546
58$1,623,056$405,773$194,993$875,393
59$1,693,182$330,231$106,101$850,842
60$1,767,456$247,982$11,225$823,784
61$1,846,206$158,602$0$794,113
62$1,929,789$61,644$0$787,655
63$2,018,600$0$0$783,503
64$2,113,065$0$0$795,585
65$2,213,657$0$0$834,521
66$2,320,888$0$0$876,099
67$2,435,321$0$0$920,546
68$2,557,575$0$0$968,113
69$2,688,325$0$0$1,019,071
70$2,828,312$0$0$1,073,722
71$2,978,351$0$0$1,132,395
72$3,139,332$0$0$1,195,450
73$3,312,234$0$0$1,263,285
74$3,498,132$0$0$1,336,335
75$3,698,206$0$0$1,415,078
76$3,913,750$0$0$1,500,040
77$4,146,186$0$0$1,591,797
78$4,397,078$0$0$1,690,985
79$4,668,143$0$0$1,798,299
80$4,961,267$0$0$1,914,507
81$5,278,523$0$0$2,040,451
82$5,622,194$0$0$2,177,057
83$5,994,784$0$0$2,325,344
84$6,399,051$0$0$2,486,432
85$6,838,026$0$0$2,661,554
86$7,315,045$0$0$2,852,067
87$7,833,775$0$0$3,059,461
88$8,398,252$0$0$3,285,378
89$9,012,916$0$0$3,531,625
90$9,682,655$0$0$3,800,190
91$10,412,846$0$0$4,093,262
92$11,209,407$0$0$4,413,249
93$12,078,852$0$0$4,762,802
94$13,028,352$0$0$5,144,841
95$14,065,801$0$0$5,562,580
96$15,199,889$0$0$6,019,556
97$16,440,185$0$0$6,519,665
98$17,797,223$0$0$7,067,199
99$19,282,603$0$0$7,666,880
100$20,909,099$0$0$8,323,913