Can I retire at age 45 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$73,495$72,841$72,202$71,579$70,970$68,781
2 years$36,384$35,706$35,050$34,413$33,795$31,609
3 years$24,015$23,334$22,679$22,049$21,441$19,326
4 years$17,832$17,153$16,505$15,885$15,292$13,264
5 years$14,123$13,448$12,808$12,201$11,625$9,690
6 years$11,651$10,982$10,351$9,757$9,198$7,358
7 years$9,886$9,222$8,602$8,022$7,481$5,735
8 years$8,563$7,905$7,295$6,729$6,206$4,554
9 years$7,534$6,883$6,283$5,732$5,226$3,666
10 years$6,712$6,067$5,478$4,941$4,453$2,982
11 years$6,040$5,401$4,823$4,300$3,830$2,446
12 years$5,480$4,848$4,280$3,772$3,319$2,019
13 years$5,006$4,381$3,824$3,330$2,894$1,675
14 years$4,601$3,982$3,436$2,956$2,537$1,395
15 years$4,250$3,638$3,102$2,636$2,234$1,166
16 years$3,943$3,338$2,812$2,360$1,974$978
17 years$3,673$3,074$2,559$2,121$1,750$821
18 years$3,432$2,840$2,336$1,911$1,556$691
19 years$3,218$2,632$2,139$1,727$1,387$583
20 years$3,025$2,446$1,963$1,564$1,239$492
21 years$2,851$2,278$1,805$1,420$1,109$416
22 years$2,692$2,127$1,664$1,291$994$352
23 years$2,548$1,989$1,536$1,175$892$298
24 years$2,416$1,864$1,421$1,072$802$252
25 years$2,295$1,749$1,316$979$722$214
26 years$2,183$1,644$1,221$895$650$181
27 years$2,079$1,547$1,133$819$586$154
28 years$1,984$1,458$1,054$751$529$131
29 years$1,895$1,375$980$688$477$111
30 years$1,812$1,299$913$632$431$94
31 years$1,734$1,228$851$580$390$80
32 years$1,662$1,162$794$533$353$68
33 years$1,594$1,100$742$490$319$58
34 years$1,530$1,043$693$451$289$49
35 years$1,470$989$648$415$262$42
36 years$1,414$939$606$383$237$35
37 years$1,360$892$567$352$215$30
38 years$1,310$847$531$325$195$26
39 years$1,262$806$498$300$177$22
40 years$1,217$767$467$276$160$19
41 years$1,174$730$437$255$145$16
42 years$1,133$695$410$235$132$13
43 years$1,094$662$385$217$120$11
44 years$1,057$631$361$201$109$10
45 years$1,022$602$339$185$99$8
46 years$989$574$319$171$90$7
47 years$957$548$299$158$81$6
48 years$926$523$281$146$74$5
49 years$897$499$265$135$67$4
50 years$869$477$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $890,000, adding $3,411 every year, while hoping to spend $49,280 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: 33/50/17 Blend
44$890,000$890,000$890,000$890,000
45$984,298$937,128$923,333$1,011,474
46$1,032,263$930,614$901,832$1,025,295
47$1,083,469$922,129$877,958$1,035,377
48$1,138,194$911,525$851,580$1,045,191
49$1,196,744$898,643$822,562$1,054,741
50$1,259,452$883,318$790,759$1,064,035
51$1,326,688$865,371$756,021$1,073,089
52$1,398,853$844,617$718,190$1,081,924
53$1,476,389$820,857$677,102$1,090,566
54$1,559,781$793,879$632,586$1,099,053
55$1,649,563$763,464$584,462$1,107,430
56$1,746,319$729,374$532,542$1,115,754
57$1,850,692$691,362$476,631$1,124,093
58$1,963,388$649,164$416,524$1,132,531
59$2,085,183$602,502$352,006$1,141,167
60$2,216,929$551,082$282,856$1,150,116
61$2,359,563$494,592$208,839$1,159,516
62$2,514,116$432,705$129,712$1,169,526
63$2,681,720$365,072$45,222$1,180,333
64$2,863,622$291,327$0$1,192,149
65$3,061,191$211,082$0$1,213,374
66$3,275,935$123,927$0$1,245,422
67$3,509,512$29,431$0$1,280,458
68$3,763,745$0$0$1,318,905
69$4,040,643$0$0$1,401,329
70$4,342,414$0$0$1,508,926
71$4,671,488$0$0$1,626,385
72$5,030,542$0$0$1,754,676
73$5,422,520$0$0$1,894,869
74$5,850,663$0$0$2,048,139
75$6,318,542$0$0$2,215,783
76$6,830,083$0$0$2,399,227
77$7,389,615$0$0$2,600,041
78$8,001,898$0$0$2,819,956
79$8,672,179$0$0$3,060,874
80$9,406,232$0$0$3,324,895
81$10,210,418$0$0$3,614,329
82$11,091,740$0$0$3,931,718
83$12,057,912$0$0$4,279,866
84$13,117,431$0$0$4,661,860
85$14,279,653$0$0$5,081,098
86$15,554,886$0$0$5,541,326
87$16,954,481$0$0$6,046,669
88$18,490,945$0$0$6,601,671
89$20,178,052$0$0$7,211,338
90$22,030,977$0$0$7,881,185
91$24,066,435$0$0$8,617,285
92$26,302,840$0$0$9,426,333
93$28,760,481$0$0$10,315,702
94$31,461,706$0$0$11,293,514
95$34,431,136$0$0$12,368,720
96$37,695,900$0$0$13,551,179
97$41,285,881$0$0$14,851,757
98$45,234,009$0$0$16,282,422
99$49,576,560$0$0$17,856,361
100$54,353,505$0$0$19,588,107