Can I retire at age 45 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$73,413$72,759$72,121$71,498$70,890$70,414
2 years$36,343$35,666$35,010$34,374$33,757$33,277
3 years$23,988$23,308$22,654$22,024$21,417$20,947
4 years$17,812$17,134$16,486$15,867$15,275$14,820
5 years$14,107$13,433$12,794$12,187$11,612$11,172
6 years$11,638$10,969$10,339$9,746$9,188$8,765
7 years$9,875$9,212$8,592$8,013$7,472$7,066
8 years$8,553$7,896$7,287$6,722$6,199$5,809
9 years$7,526$6,875$6,276$5,726$5,220$4,847
10 years$6,705$6,060$5,472$4,935$4,448$4,091
11 years$6,033$5,395$4,817$4,295$3,825$3,484
12 years$5,474$4,842$4,275$3,768$3,315$2,989
13 years$5,001$4,376$3,820$3,326$2,891$2,581
14 years$4,596$3,978$3,432$2,953$2,534$2,239
15 years$4,245$3,634$3,099$2,633$2,231$1,951
16 years$3,939$3,334$2,809$2,358$1,972$1,705
17 years$3,668$3,070$2,556$2,118$1,748$1,496
18 years$3,429$2,837$2,334$1,909$1,555$1,315
19 years$3,214$2,629$2,136$1,725$1,386$1,159
20 years$3,021$2,443$1,961$1,562$1,238$1,024
21 years$2,847$2,276$1,803$1,418$1,108$905
22 years$2,689$2,124$1,662$1,289$993$802
23 years$2,545$1,987$1,535$1,174$891$711
24 years$2,413$1,862$1,419$1,071$801$632
25 years$2,292$1,747$1,315$978$721$562
26 years$2,180$1,642$1,219$894$649$500
27 years$2,077$1,545$1,132$819$585$445
28 years$1,981$1,456$1,052$750$528$396
29 years$1,892$1,374$979$688$477$353
30 years$1,810$1,297$912$631$431$315
31 years$1,732$1,226$850$580$390$281
32 years$1,660$1,160$793$533$352$251
33 years$1,592$1,099$741$490$319$224
34 years$1,528$1,042$692$451$289$200
35 years$1,468$988$647$415$262$179
36 years$1,412$938$605$382$237$160
37 years$1,359$891$567$352$215$143
38 years$1,308$846$531$325$195$128
39 years$1,261$805$497$299$177$115
40 years$1,215$766$466$276$160$103
41 years$1,173$729$437$255$145$92
42 years$1,132$694$410$235$132$82
43 years$1,093$661$385$217$120$74
44 years$1,056$630$361$200$109$66
45 years$1,021$601$339$185$99$59
46 years$988$573$318$171$90$53
47 years$956$547$299$158$81$47
48 years$925$522$281$146$74$42
49 years$896$499$264$135$67$38
50 years$868$477$248$125$61$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $889,000, adding $4,962 every year, while hoping to spend $56,125 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: 42/42/16 Blend
44$889,000$889,000$889,000$889,000
45$984,796$937,679$923,900$1,021,350
46$1,025,529$923,909$895,134$1,033,838
47$1,068,535$907,583$863,523$1,041,453
48$1,113,988$888,517$828,913$1,048,500
49$1,162,075$866,514$791,142$1,054,955
50$1,213,003$841,370$750,042$1,060,794
51$1,266,996$812,863$705,435$1,065,995
52$1,324,300$780,764$657,137$1,070,539
53$1,385,182$744,825$604,955$1,074,411
54$1,449,938$704,789$548,688$1,077,600
55$1,518,888$660,380$488,125$1,080,098
56$1,592,384$611,308$423,047$1,081,905
57$1,670,811$557,266$353,224$1,083,025
58$1,754,593$497,931$278,415$1,083,472
59$1,844,190$432,959$198,371$1,083,268
60$1,940,112$361,988$112,831$1,082,444
61$2,042,914$284,636$21,521$1,081,046
62$2,153,206$200,498$0$1,079,130
63$2,271,658$109,148$0$1,089,731
64$2,399,006$10,134$0$1,104,742
65$2,536,055$0$0$1,120,647
66$2,683,693$0$0$1,182,474
67$2,842,892$0$0$1,254,279
68$3,014,721$0$0$1,331,870
69$3,200,356$0$0$1,415,790
70$3,401,086$0$0$1,506,634
71$3,618,331$0$0$1,605,057
72$3,853,650$0$0$1,711,778
73$4,108,759$0$0$1,827,590
74$4,385,543$0$0$1,953,362
75$4,686,076$0$0$2,090,053
76$5,012,640$0$0$2,238,716
77$5,367,744$0$0$2,400,510
78$5,754,148$0$0$2,576,711
79$6,174,891$0$0$2,768,721
80$6,633,315$0$0$2,978,086
81$7,133,099$0$0$3,206,506
82$7,678,291$0$0$3,455,850
83$8,273,347$0$0$3,728,180
84$8,923,173$0$0$4,025,763
85$9,633,168$0$0$4,351,093
86$10,409,278$0$0$4,706,921
87$11,258,047$0$0$5,096,272
88$12,186,682$0$0$5,522,477
89$13,203,117$0$0$5,989,207
90$14,316,091$0$0$6,500,501
91$15,535,225$0$0$7,060,810
92$16,871,116$0$0$7,675,034
93$18,335,433$0$0$8,348,571
94$19,941,030$0$0$9,087,365
95$21,702,063$0$0$9,897,964
96$23,634,123$0$0$10,787,580
97$25,754,384$0$0$11,764,157
98$28,081,763$0$0$12,836,448
99$30,637,099$0$0$14,014,090
100$33,443,346$0$0$15,307,705