Can I retire at age 45 with 891,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$73,578$72,923$72,283$71,659$71,050$69,304
2 years$36,425$35,746$35,089$34,451$33,833$32,085
3 years$24,042$23,361$22,705$22,073$21,465$19,769
4 years$17,852$17,173$16,523$15,903$15,309$13,679
5 years$14,139$13,463$12,823$12,215$11,638$10,077
6 years$11,664$10,994$10,363$9,768$9,209$7,720
7 years$9,897$9,233$8,611$8,031$7,489$6,072
8 years$8,573$7,914$7,303$6,737$6,213$4,867
9 years$7,543$6,891$6,290$5,738$5,232$3,956
10 years$6,720$6,074$5,484$4,947$4,458$3,250
11 years$6,046$5,407$4,828$4,305$3,834$2,693
12 years$5,486$4,853$4,285$3,776$3,323$2,246
13 years$5,012$4,386$3,828$3,334$2,897$1,884
14 years$4,606$3,987$3,440$2,959$2,540$1,587
15 years$4,255$3,642$3,105$2,639$2,236$1,342
16 years$3,947$3,341$2,816$2,363$1,976$1,138
17 years$3,677$3,077$2,562$2,123$1,752$967
18 years$3,436$2,843$2,339$1,913$1,558$824
19 years$3,221$2,635$2,141$1,729$1,389$703
20 years$3,028$2,449$1,965$1,566$1,240$601
21 years$2,854$2,281$1,807$1,421$1,110$514
22 years$2,695$2,129$1,666$1,292$995$440
23 years$2,551$1,991$1,538$1,177$893$377
24 years$2,419$1,866$1,422$1,073$803$324
25 years$2,297$1,751$1,317$980$722$278
26 years$2,185$1,646$1,222$896$651$239
27 years$2,082$1,549$1,135$820$587$205
28 years$1,986$1,459$1,055$752$529$177
29 years$1,897$1,377$982$689$478$152
30 years$1,814$1,300$914$633$432$131
31 years$1,736$1,229$852$581$391$112
32 years$1,664$1,163$795$534$353$97
33 years$1,596$1,101$743$491$320$83
34 years$1,532$1,044$694$452$289$72
35 years$1,472$990$649$416$262$62
36 years$1,415$940$607$383$238$53
37 years$1,362$893$568$353$215$46
38 years$1,311$848$532$325$195$40
39 years$1,263$807$498$300$177$34
40 years$1,218$767$467$277$161$29
41 years$1,175$730$438$255$146$25
42 years$1,134$696$411$236$132$22
43 years$1,096$663$385$217$120$19
44 years$1,059$632$362$201$109$16
45 years$1,023$603$340$185$99$14
46 years$990$575$319$171$90$12
47 years$958$549$300$158$81$10
48 years$927$524$282$146$74$9
49 years$898$500$265$135$67$8
50 years$870$478$249$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $891,000, adding $5,856 every year, while hoping to spend $58,111 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: 53/30/17 Blend
44$891,000$891,000$891,000$891,000
45$987,922$940,699$926,889$1,035,444
46$1,026,861$924,964$896,110$1,052,880
47$1,067,823$906,510$862,352$1,065,211
48$1,110,955$885,143$825,455$1,077,345
49$1,156,414$860,656$785,249$1,089,280
50$1,204,372$832,832$741,559$1,101,018
51$1,255,017$801,440$694,200$1,112,562
52$1,308,554$766,235$642,981$1,123,922
53$1,365,205$726,960$587,699$1,135,111
54$1,425,215$683,340$528,146$1,146,150
55$1,488,849$635,086$464,102$1,157,065
56$1,556,400$581,893$395,337$1,167,889
57$1,628,185$523,438$321,613$1,178,665
58$1,704,553$459,379$242,680$1,189,444
59$1,785,884$389,356$158,277$1,200,292
60$1,872,596$312,987$68,131$1,211,282
61$1,965,147$229,868$0$1,222,507
62$2,064,036$139,576$0$1,239,164
63$2,169,813$41,661$0$1,269,806
64$2,283,079$0$0$1,302,264
65$2,404,495$0$0$1,358,009
66$2,534,784$0$0$1,432,646
67$2,674,741$0$0$1,512,883
68$2,825,239$0$0$1,599,229
69$2,987,233$0$0$1,692,240
70$3,161,777$0$0$1,792,531
71$3,350,024$0$0$1,900,773
72$3,553,243$0$0$2,017,707
73$3,772,829$0$0$2,144,143
74$4,010,313$0$0$2,280,976
75$4,267,378$0$0$2,429,188
76$4,545,877$0$0$2,589,856
77$4,847,844$0$0$2,764,169
78$5,175,518$0$0$2,953,432
79$5,531,360$0$0$3,159,079
80$5,918,078$0$0$3,382,691
81$6,338,651$0$0$3,626,006
82$6,796,355$0$0$3,890,934
83$7,294,797$0$0$4,179,580
84$7,837,945$0$0$4,494,258
85$8,430,164$0$0$4,837,517
86$9,076,261$0$0$5,212,162
87$9,781,526$0$0$5,621,278
88$10,551,782$0$0$6,068,264
89$11,393,439$0$0$6,556,862
90$12,313,554$0$0$7,091,191
91$13,319,898$0$0$7,675,785
92$14,421,025$0$0$8,315,638
93$15,626,356$0$0$9,016,250
94$16,946,263$0$0$9,783,675
95$18,392,171$0$0$10,624,582
96$19,976,659$0$0$11,546,316
97$21,713,582$0$0$12,556,963
98$23,618,200$0$0$13,665,435
99$25,707,318$0$0$14,881,541
100$27,999,448$0$0$16,216,091