Can I retire at age 45 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$73,661$73,004$72,364$71,739$71,129$70,270
2 years$36,466$35,786$35,128$34,490$33,871$33,006
3 years$24,069$23,387$22,730$22,098$21,489$20,645
4 years$17,872$17,192$16,542$15,920$15,326$14,510
5 years$14,154$13,479$12,837$12,228$11,651$10,865
6 years$11,677$11,006$10,374$9,779$9,219$8,464
7 years$9,908$9,243$8,621$8,040$7,497$6,775
8 years$8,582$7,923$7,311$6,745$6,220$5,528
9 years$7,551$6,898$6,297$5,745$5,238$4,578
10 years$6,727$6,081$5,490$4,952$4,463$3,833
11 years$6,053$5,413$4,833$4,310$3,838$3,239
12 years$5,492$4,859$4,290$3,780$3,326$2,756
13 years$5,018$4,391$3,832$3,337$2,901$2,359
14 years$4,611$3,991$3,443$2,963$2,543$2,029
15 years$4,259$3,646$3,109$2,642$2,239$1,753
16 years$3,952$3,345$2,819$2,366$1,979$1,519
17 years$3,681$3,081$2,565$2,126$1,754$1,320
18 years$3,440$2,847$2,341$1,916$1,560$1,150
19 years$3,225$2,638$2,143$1,731$1,390$1,004
20 years$3,032$2,452$1,967$1,568$1,242$878
21 years$2,857$2,284$1,809$1,423$1,111$769
22 years$2,698$2,132$1,668$1,294$996$675
23 years$2,554$1,994$1,540$1,178$894$593
24 years$2,421$1,868$1,424$1,075$804$521
25 years$2,300$1,753$1,319$981$723$459
26 years$2,188$1,648$1,223$897$651$404
27 years$2,084$1,551$1,136$821$587$356
28 years$1,988$1,461$1,056$752$530$314
29 years$1,899$1,378$983$690$479$277
30 years$1,816$1,302$915$633$432$244
31 years$1,738$1,231$853$582$391$216
32 years$1,666$1,164$796$535$354$191
33 years$1,597$1,103$743$492$320$168
34 years$1,534$1,045$695$452$290$149
35 years$1,473$991$649$416$262$132
36 years$1,417$941$607$383$238$116
37 years$1,363$894$569$353$216$103
38 years$1,313$849$532$326$195$91
39 years$1,265$807$499$300$177$81
40 years$1,220$768$468$277$161$71
41 years$1,176$731$438$255$146$63
42 years$1,136$696$411$236$132$56
43 years$1,097$664$386$218$120$49
44 years$1,060$633$362$201$109$44
45 years$1,025$603$340$186$99$39
46 years$991$575$319$171$90$34
47 years$959$549$300$158$82$30
48 years$928$524$282$146$74$27
49 years$899$501$265$135$67$24
50 years$871$478$249$125$61$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $892,000, adding $3,125 every year, while hoping to spend $50,102 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: 45/28/27 Blend
44$892,000$892,000$892,000$892,000
45$986,207$938,931$925,105$1,022,768
46$1,033,492$931,631$902,788$1,041,727
47$1,083,921$922,294$878,044$1,057,202
48$1,137,762$910,766$850,739$1,073,016
49$1,195,307$896,888$820,733$1,089,226
50$1,256,880$880,486$787,879$1,105,901
51$1,322,831$861,380$752,022$1,123,119
52$1,393,549$839,377$713,004$1,140,972
53$1,469,458$814,273$670,656$1,159,564
54$1,551,023$785,852$624,803$1,179,012
55$1,638,755$753,887$575,262$1,199,453
56$1,733,216$718,136$521,842$1,221,041
57$1,835,022$678,342$464,342$1,243,951
58$1,944,851$634,238$402,554$1,268,381
59$2,063,446$585,535$336,259$1,294,556
60$2,191,624$531,934$265,231$1,322,728
61$2,330,285$473,113$189,231$1,353,184
62$2,480,415$408,737$108,011$1,386,244
63$2,643,100$338,448$21,312$1,422,271
64$2,819,534$261,869$0$1,461,670
65$3,011,030$178,604$0$1,525,412
66$3,219,031$88,232$0$1,601,379
67$3,445,126$0$0$1,684,081
68$3,691,062$0$0$1,777,232
69$3,958,761$0$0$1,908,309
70$4,250,338$0$0$2,051,175
71$4,568,122$0$0$2,206,982
72$4,914,673$0$0$2,376,998
73$5,292,812$0$0$2,562,621
74$5,705,641$0$0$2,765,388
75$6,156,577$0$0$2,986,990
76$6,649,381$0$0$3,229,291
77$7,188,194$0$0$3,494,341
78$7,777,573$0$0$3,784,400
79$8,422,538$0$0$4,101,955
80$9,128,618$0$0$4,449,744
81$9,901,897$0$0$4,830,783
82$10,749,078$0$0$5,248,395
83$11,677,544$0$0$5,706,235
84$12,695,423$0$0$6,208,335
85$13,811,669$0$0$6,759,130
86$15,036,143$0$0$7,363,510
87$16,379,708$0$0$8,026,857
88$17,854,327$0$0$8,755,102
89$19,473,181$0$0$9,554,777
90$21,250,785$0$0$10,433,078
91$23,203,132$0$0$11,397,934
92$25,347,838$0$0$12,458,076
93$27,704,311$0$0$13,623,126
94$30,293,931$0$0$14,903,682
95$33,140,251$0$0$16,311,421
96$36,269,221$0$0$17,859,208
97$39,709,428$0$0$19,561,216
98$43,492,370$0$0$21,433,060
99$47,652,748$0$0$23,491,945
100$52,228,795$0$0$25,756,827