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%14.3%
1 years$73,413$72,759$72,121$71,498$70,890$69,630
2 years$36,343$35,666$35,010$34,374$33,757$32,492
3 years$23,988$23,308$22,654$22,024$21,417$20,186
4 years$17,812$17,134$16,486$15,867$15,275$14,087
5 years$14,107$13,433$12,794$12,187$11,612$10,471
6 years$11,638$10,969$10,339$9,746$9,188$8,096
7 years$9,875$9,212$8,592$8,013$7,472$6,429
8 years$8,553$7,896$7,287$6,722$6,199$5,204
9 years$7,526$6,875$6,276$5,726$5,220$4,274
10 years$6,705$6,060$5,472$4,935$4,448$3,549
11 years$6,033$5,395$4,817$4,295$3,825$2,972
12 years$5,474$4,842$4,275$3,768$3,315$2,507
13 years$5,001$4,376$3,820$3,326$2,891$2,126
14 years$4,596$3,978$3,432$2,953$2,534$1,812
15 years$4,245$3,634$3,099$2,633$2,231$1,550
16 years$3,939$3,334$2,809$2,358$1,972$1,330
17 years$3,668$3,070$2,556$2,118$1,748$1,144
18 years$3,429$2,837$2,334$1,909$1,555$987
19 years$3,214$2,629$2,136$1,725$1,386$853
20 years$3,021$2,443$1,961$1,562$1,238$738
21 years$2,847$2,276$1,803$1,418$1,108$640
22 years$2,689$2,124$1,662$1,289$993$556
23 years$2,545$1,987$1,535$1,174$891$483
24 years$2,413$1,862$1,419$1,071$801$420
25 years$2,292$1,747$1,315$978$721$365
26 years$2,180$1,642$1,219$894$649$318
27 years$2,077$1,545$1,132$819$585$277
28 years$1,981$1,456$1,052$750$528$242
29 years$1,892$1,374$979$688$477$211
30 years$1,810$1,297$912$631$431$184
31 years$1,732$1,226$850$580$390$161
32 years$1,660$1,160$793$533$352$140
33 years$1,592$1,099$741$490$319$122
34 years$1,528$1,042$692$451$289$107
35 years$1,468$988$647$415$262$93
36 years$1,412$938$605$382$237$82
37 years$1,359$891$567$352$215$71
38 years$1,308$846$531$325$195$62
39 years$1,261$805$497$299$177$55
40 years$1,215$766$466$276$160$48
41 years$1,173$729$437$255$145$42
42 years$1,132$694$410$235$132$36
43 years$1,093$661$385$217$120$32
44 years$1,056$630$361$200$109$28
45 years$1,021$601$339$185$99$24
46 years$988$573$318$171$90$21
47 years$956$547$299$158$81$19
48 years$925$522$281$146$74$16
49 years$896$499$264$135$67$14
50 years$868$477$248$125$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $889,000, adding $6,770 every year, while hoping to spend $57,509 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: 79/14/7 Blend
44$889,000$889,000$889,000$889,000
45$986,661$939,544$925,765$1,063,296
46$1,026,112$924,393$895,589$1,099,354
47$1,067,658$906,571$862,474$1,130,684
48$1,111,455$885,889$826,263$1,163,333
49$1,157,668$862,142$786,787$1,197,406
50$1,206,479$835,116$743,873$1,233,016
51$1,258,087$804,583$697,340$1,270,291
52$1,312,708$770,304$646,997$1,309,368
53$1,370,578$732,024$592,646$1,350,404
54$1,431,957$689,473$534,079$1,393,568
55$1,497,126$642,366$471,081$1,439,049
56$1,566,395$590,404$403,423$1,487,056
57$1,640,100$533,267$330,871$1,537,818
58$1,718,612$470,619$253,177$1,591,592
59$1,802,336$402,105$170,084$1,648,658
60$1,891,716$327,349$81,323$1,709,328
61$1,987,236$245,954$0$1,773,948
62$2,089,430$157,502$0$1,843,900
63$2,198,883$61,550$0$1,925,151
64$2,316,234$0$0$2,012,109
65$2,442,186$0$0$2,111,843
66$2,577,511$0$0$2,229,204
67$2,723,055$0$0$2,355,448
68$2,879,747$0$0$2,491,383
69$3,048,609$0$0$2,637,897
70$3,230,761$0$0$2,795,966
71$3,427,435$0$0$2,966,662
72$3,639,985$0$0$3,151,162
73$3,869,898$0$0$3,350,760
74$4,118,809$0$0$3,566,881
75$4,388,516$0$0$3,801,088
76$4,680,995$0$0$4,055,101
77$4,998,419$0$0$4,330,812
78$5,343,180$0$0$4,630,301
79$5,717,906$0$0$4,955,857
80$6,125,491$0$0$5,309,998
81$6,569,116$0$0$5,695,493
82$7,052,284$0$0$6,115,391
83$7,578,849$0$0$6,573,046
84$8,153,051$0$0$7,072,149
85$8,779,558$0$0$7,616,763
86$9,463,508$0$0$8,211,360
87$10,210,556$0$0$8,860,863
88$11,026,930$0$0$9,570,692
89$11,919,482$0$0$10,346,812
90$12,895,761$0$0$11,195,795
91$13,964,076$0$0$12,124,872
92$15,133,577$0$0$13,142,009
93$16,414,340$0$0$14,255,976
94$17,817,460$0$0$15,476,433
95$19,355,158$0$0$16,814,016
96$21,040,890$0$0$18,280,441
97$22,889,480$0$0$19,888,611
98$24,917,252$0$0$21,652,735
99$27,142,188$0$0$23,588,469
100$29,584,094$0$0$25,713,052