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%18.8%
1 years$73,661$73,004$72,364$71,739$71,129$68,606
2 years$36,466$35,786$35,128$34,490$33,871$31,355
3 years$24,069$23,387$22,730$22,098$21,489$19,061
4 years$17,872$17,192$16,542$15,920$15,326$13,003
5 years$14,154$13,479$12,837$12,228$11,651$9,440
6 years$11,677$11,006$10,374$9,779$9,219$7,121
7 years$9,908$9,243$8,621$8,040$7,497$5,512
8 years$8,582$7,923$7,311$6,745$6,220$4,346
9 years$7,551$6,898$6,297$5,745$5,238$3,473
10 years$6,727$6,081$5,490$4,952$4,463$2,804
11 years$6,053$5,413$4,833$4,310$3,838$2,282
12 years$5,492$4,859$4,290$3,780$3,326$1,868
13 years$5,018$4,391$3,832$3,337$2,901$1,537
14 years$4,611$3,991$3,443$2,963$2,543$1,270
15 years$4,259$3,646$3,109$2,642$2,239$1,053
16 years$3,952$3,345$2,819$2,366$1,979$875
17 years$3,681$3,081$2,565$2,126$1,754$729
18 years$3,440$2,847$2,341$1,916$1,560$608
19 years$3,225$2,638$2,143$1,731$1,390$508
20 years$3,032$2,452$1,967$1,568$1,242$425
21 years$2,857$2,284$1,809$1,423$1,111$356
22 years$2,698$2,132$1,668$1,294$996$298
23 years$2,554$1,994$1,540$1,178$894$250
24 years$2,421$1,868$1,424$1,075$804$210
25 years$2,300$1,753$1,319$981$723$176
26 years$2,188$1,648$1,223$897$651$148
27 years$2,084$1,551$1,136$821$587$124
28 years$1,988$1,461$1,056$752$530$105
29 years$1,899$1,378$983$690$479$88
30 years$1,816$1,302$915$633$432$74
31 years$1,738$1,231$853$582$391$62
32 years$1,666$1,164$796$535$354$52
33 years$1,597$1,103$743$492$320$44
34 years$1,534$1,045$695$452$290$37
35 years$1,473$991$649$416$262$31
36 years$1,417$941$607$383$238$26
37 years$1,363$894$569$353$216$22
38 years$1,313$849$532$326$195$19
39 years$1,265$807$499$300$177$16
40 years$1,220$768$468$277$161$13
41 years$1,176$731$438$255$146$11
42 years$1,136$696$411$236$132$9
43 years$1,097$664$386$218$120$8
44 years$1,060$633$362$201$109$7
45 years$1,025$603$340$186$99$6
46 years$991$575$319$171$90$5
47 years$959$549$300$158$82$4
48 years$928$524$282$146$74$3
49 years$899$501$265$135$67$3
50 years$871$478$249$125$61$2

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 $51,752 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: 75/5/20 Blend
44$892,000$892,000$892,000$892,000
45$986,190$938,914$925,088$1,055,273
46$1,031,718$929,857$901,015$1,092,441
47$1,080,155$918,622$874,400$1,126,533
48$1,131,743$905,047$845,105$1,162,556
49$1,186,748$888,961$812,984$1,200,693
50$1,245,460$870,184$777,882$1,241,141
51$1,308,196$848,523$739,641$1,284,120
52$1,375,307$823,775$698,093$1,329,875
53$1,447,173$795,725$653,065$1,378,673
54$1,524,215$764,145$604,372$1,430,811
55$1,606,892$728,796$551,826$1,486,619
56$1,695,709$689,421$495,226$1,546,458
57$1,791,221$645,752$434,365$1,610,730
58$1,894,034$597,503$369,026$1,679,879
59$2,004,819$544,373$298,981$1,754,392
60$2,124,307$486,044$223,994$1,834,813
61$2,253,305$422,180$143,817$1,921,737
62$2,392,700$352,424$58,192$2,015,826
63$2,543,464$276,401$0$2,117,808
64$2,706,667$193,714$0$2,235,572
65$2,883,485$103,945$0$2,376,637
66$3,075,212$6,650$0$2,529,618
67$3,283,271$0$0$2,695,665
68$3,509,224$0$0$2,881,472
69$3,754,793$0$0$3,083,840
70$4,021,870$0$0$3,303,965
71$4,312,538$0$0$3,543,568
72$4,629,088$0$0$3,804,543
73$4,974,040$0$0$4,088,973
74$5,350,171$0$0$4,399,150
75$5,760,534$0$0$4,737,597
76$6,208,490$0$0$5,107,093
77$6,697,740$0$0$5,510,695
78$7,232,357$0$0$5,951,769
79$7,816,825$0$0$6,434,020
80$8,456,082$0$0$6,961,528
81$9,155,564$0$0$7,538,787
82$9,921,258$0$0$8,170,741
83$10,759,755$0$0$8,862,840
84$11,678,315$0$0$9,621,082
85$12,684,931$0$0$10,452,072
86$13,788,408$0$0$11,363,087
87$14,998,442$0$0$12,362,140
88$16,325,714$0$0$13,458,057
89$17,781,987$0$0$14,660,559
90$19,380,217$0$0$15,980,355
91$21,134,678$0$0$17,429,239
92$23,061,091$0$0$19,020,204
93$25,176,774$0$0$20,767,563
94$27,500,806$0$0$22,687,082
95$30,054,203$0$0$24,796,131
96$32,860,118$0$0$27,113,844
97$35,944,059$0$0$29,661,303
98$39,334,126$0$0$32,461,730
99$43,061,279$0$0$35,540,712
100$47,159,626$0$0$38,926,439