Can I retire at age 45 with 892,000?

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 $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%11.9%
1 years$73,661$73,004$72,364$71,739$71,129$70,563
2 years$36,466$35,786$35,128$34,490$33,871$33,300
3 years$24,069$23,387$22,730$22,098$21,489$20,931
4 years$17,872$17,192$16,542$15,920$15,326$14,786
5 years$14,154$13,479$12,837$12,228$11,651$11,129
6 years$11,677$11,006$10,374$9,779$9,219$8,717
7 years$9,908$9,243$8,621$8,040$7,497$7,016
8 years$8,582$7,923$7,311$6,745$6,220$5,758
9 years$7,551$6,898$6,297$5,745$5,238$4,796
10 years$6,727$6,081$5,490$4,952$4,463$4,040
11 years$6,053$5,413$4,833$4,310$3,838$3,435
12 years$5,492$4,859$4,290$3,780$3,326$2,942
13 years$5,018$4,391$3,832$3,337$2,901$2,534
14 years$4,611$3,991$3,443$2,963$2,543$2,194
15 years$4,259$3,646$3,109$2,642$2,239$1,908
16 years$3,952$3,345$2,819$2,366$1,979$1,665
17 years$3,681$3,081$2,565$2,126$1,754$1,457
18 years$3,440$2,847$2,341$1,916$1,560$1,279
19 years$3,225$2,638$2,143$1,731$1,390$1,124
20 years$3,032$2,452$1,967$1,568$1,242$991
21 years$2,857$2,284$1,809$1,423$1,111$874
22 years$2,698$2,132$1,668$1,294$996$773
23 years$2,554$1,994$1,540$1,178$894$684
24 years$2,421$1,868$1,424$1,075$804$606
25 years$2,300$1,753$1,319$981$723$537
26 years$2,188$1,648$1,223$897$651$477
27 years$2,084$1,551$1,136$821$587$424
28 years$1,988$1,461$1,056$752$530$377
29 years$1,899$1,378$983$690$479$335
30 years$1,816$1,302$915$633$432$298
31 years$1,738$1,231$853$582$391$265
32 years$1,666$1,164$796$535$354$236
33 years$1,597$1,103$743$492$320$211
34 years$1,534$1,045$695$452$290$188
35 years$1,473$991$649$416$262$167
36 years$1,417$941$607$383$238$149
37 years$1,363$894$569$353$216$133
38 years$1,313$849$532$326$195$119
39 years$1,265$807$499$300$177$106
40 years$1,220$768$468$277$161$95
41 years$1,176$731$438$255$146$84
42 years$1,136$696$411$236$132$75
43 years$1,097$664$386$218$120$67
44 years$1,060$633$362$201$109$60
45 years$1,025$603$340$186$99$54
46 years$991$575$319$171$90$48
47 years$959$549$300$158$82$43
48 years$928$524$282$146$74$38
49 years$899$501$265$135$67$34
50 years$871$478$249$125$61$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $892,000, adding $3,108 every year, while hoping to spend $59,280 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: 52/26/22 Blend
44$892,000$892,000$892,000$892,000
45$986,190$938,914$925,088$1,031,308
46$1,023,708$921,847$893,005$1,045,706
47$1,063,066$901,957$857,860$1,054,990
48$1,104,389$879,044$819,489$1,063,846
49$1,147,813$852,893$777,718$1,072,254
50$1,193,486$823,281$732,368$1,080,198
51$1,241,568$789,968$683,248$1,087,662
52$1,292,234$752,703$630,164$1,094,632
53$1,345,675$711,219$572,908$1,101,098
54$1,402,099$665,233$511,265$1,107,054
55$1,461,732$614,448$445,011$1,112,497
56$1,524,820$558,548$373,911$1,117,429
57$1,591,635$497,200$297,719$1,121,859
58$1,662,469$430,051$216,181$1,125,801
59$1,737,647$356,729$129,029$1,129,277
60$1,817,519$276,841$35,983$1,132,320
61$1,902,471$189,971$0$1,134,971
62$1,992,924$95,681$0$1,152,144
63$2,089,340$0$0$1,179,024
64$2,192,225$0$0$1,209,169
65$2,302,131$0$0$1,270,668
66$2,419,666$0$0$1,336,491
67$2,545,496$0$0$1,407,019
68$2,680,350$0$0$1,482,668
69$2,825,027$0$0$1,563,896
70$2,980,408$0$0$1,651,204
71$3,147,454$0$0$1,745,143
72$3,327,226$0$0$1,846,317
73$3,520,884$0$0$1,955,391
74$3,729,705$0$0$2,073,094
75$3,955,091$0$0$2,200,228
76$4,198,583$0$0$2,337,673
77$4,461,873$0$0$2,486,398
78$4,746,822$0$0$2,647,466
79$5,055,476$0$0$2,822,049
80$5,390,083$0$0$3,011,432
81$5,753,118$0$0$3,217,030
82$6,147,299$0$0$3,440,400
83$6,575,619$0$0$3,683,254
84$7,041,368$0$0$3,947,474
85$7,548,167$0$0$4,235,134
86$8,100,000$0$0$4,548,513
87$8,701,251$0$0$4,890,120
88$9,356,743$0$0$5,262,718
89$10,071,786$0$0$5,669,346
90$10,852,224$0$0$6,113,349
91$11,704,490$0$0$6,598,411
92$12,635,666$0$0$7,128,587
93$13,653,547$0$0$7,708,340
94$14,766,716$0$0$8,342,587
95$15,984,625$0$0$9,036,738
96$17,317,679$0$0$9,796,754
97$18,777,337$0$0$10,629,197
98$20,376,218$0$0$11,541,295
99$22,128,218$0$0$12,541,005
100$24,048,641$0$0$13,637,095