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%16.1%
1 years$73,661$73,004$72,364$71,739$71,129$69,354
2 years$36,466$35,786$35,128$34,490$33,871$32,093
3 years$24,069$23,387$22,730$22,098$21,489$19,765
4 years$17,872$17,192$16,542$15,920$15,326$13,669
5 years$14,154$13,479$12,837$12,228$11,651$10,065
6 years$11,677$11,006$10,374$9,779$9,219$7,706
7 years$9,908$9,243$8,621$8,040$7,497$6,058
8 years$8,582$7,923$7,311$6,745$6,220$4,852
9 years$7,551$6,898$6,297$5,745$5,238$3,942
10 years$6,727$6,081$5,490$4,952$4,463$3,237
11 years$6,053$5,413$4,833$4,310$3,838$2,680
12 years$5,492$4,859$4,290$3,780$3,326$2,234
13 years$5,018$4,391$3,832$3,337$2,901$1,872
14 years$4,611$3,991$3,443$2,963$2,543$1,576
15 years$4,259$3,646$3,109$2,642$2,239$1,331
16 years$3,952$3,345$2,819$2,366$1,979$1,128
17 years$3,681$3,081$2,565$2,126$1,754$958
18 years$3,440$2,847$2,341$1,916$1,560$816
19 years$3,225$2,638$2,143$1,731$1,390$696
20 years$3,032$2,452$1,967$1,568$1,242$594
21 years$2,857$2,284$1,809$1,423$1,111$508
22 years$2,698$2,132$1,668$1,294$996$435
23 years$2,554$1,994$1,540$1,178$894$372
24 years$2,421$1,868$1,424$1,075$804$319
25 years$2,300$1,753$1,319$981$723$274
26 years$2,188$1,648$1,223$897$651$235
27 years$2,084$1,551$1,136$821$587$202
28 years$1,988$1,461$1,056$752$530$173
29 years$1,899$1,378$983$690$479$149
30 years$1,816$1,302$915$633$432$128
31 years$1,738$1,231$853$582$391$110
32 years$1,666$1,164$796$535$354$95
33 years$1,597$1,103$743$492$320$82
34 years$1,534$1,045$695$452$290$70
35 years$1,473$991$649$416$262$60
36 years$1,417$941$607$383$238$52
37 years$1,363$894$569$353$216$45
38 years$1,313$849$532$326$195$39
39 years$1,265$807$499$300$177$33
40 years$1,220$768$468$277$161$29
41 years$1,176$731$438$255$146$25
42 years$1,136$696$411$236$132$21
43 years$1,097$664$386$218$120$18
44 years$1,060$633$362$201$109$16
45 years$1,025$603$340$186$99$14
46 years$991$575$319$171$90$12
47 years$959$549$300$158$82$10
48 years$928$524$282$146$74$9
49 years$899$501$265$135$67$7
50 years$871$478$249$125$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $892,000, adding $2,218 every year, while hoping to spend $20,088 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: 35/45/20 Blend
44$892,000$892,000$892,000$892,000
45$985,272$937,996$924,170$1,013,679
46$1,064,396$962,584$933,756$1,059,310
47$1,150,918$987,704$942,990$1,106,492
48$1,245,570$1,013,360$951,839$1,156,984
49$1,349,161$1,039,557$960,268$1,211,094
50$1,462,579$1,066,299$968,241$1,269,158
51$1,586,803$1,093,589$975,718$1,331,548
52$1,722,912$1,121,430$982,660$1,398,673
53$1,872,093$1,149,825$989,023$1,470,984
54$2,035,655$1,178,774$994,763$1,548,975
55$2,215,036$1,208,278$999,832$1,633,194
56$2,411,825$1,238,339$1,004,182$1,724,241
57$2,627,767$1,268,954$1,007,758$1,822,781
58$2,864,789$1,300,123$1,010,508$1,929,543
59$3,125,011$1,331,841$1,012,373$2,045,331
60$3,410,767$1,364,107$1,013,293$2,171,034
61$3,724,631$1,396,914$1,013,204$2,307,626
62$4,069,438$1,430,257$1,012,040$2,456,186
63$4,448,308$1,464,127$1,009,731$2,617,899
64$4,864,683$1,498,517$1,006,205$2,794,073
65$5,322,351$1,533,415$1,001,383$2,986,149
66$5,825,488$1,568,809$995,187$3,195,714
67$6,378,693$1,604,686$987,531$3,424,519
68$6,987,034$1,641,030$978,327$3,674,493
69$7,656,093$1,677,822$967,483$3,947,761
70$8,392,022$1,715,043$954,901$4,246,667
71$9,201,599$1,752,671$940,481$4,573,794
72$10,092,291$1,790,680$924,116$4,931,987
73$11,072,326$1,829,045$905,694$5,324,386
74$12,150,768$1,867,733$885,100$5,754,448
75$13,337,607$1,906,713$862,212$6,225,984
76$14,643,849$1,945,948$836,902$6,743,198
77$16,081,621$1,985,398$809,037$7,310,719
78$17,664,284$2,025,020$778,478$7,933,653
79$19,406,562$2,064,768$745,078$8,617,626
80$21,324,680$2,104,589$708,686$9,368,840
81$23,436,512$2,144,430$669,143$10,194,131
82$25,761,758$2,184,229$626,281$11,101,035
83$28,322,123$2,223,921$579,927$12,097,856
84$31,141,525$2,263,438$529,899$13,193,749
85$34,246,317$2,302,703$476,007$14,398,804
86$37,665,541$2,341,636$418,054$15,724,143
87$41,431,199$2,380,148$355,831$17,182,025
88$45,578,552$2,418,146$289,122$18,785,963
89$50,146,458$2,455,530$217,702$20,550,848
90$55,177,736$2,492,190$141,334$22,493,097
91$60,719,569$2,528,011$59,773$24,630,802
92$66,823,951$2,562,869$0$26,983,907
93$73,548,176$2,596,632$0$29,580,210
94$80,955,379$2,629,156$0$32,452,110
95$89,115,134$2,660,291$0$35,613,601
96$98,104,107$2,689,874$0$39,094,174
97$108,006,780$2,717,732$0$42,926,334
98$118,916,252$2,743,681$0$47,145,901
99$130,935,112$2,767,524$0$51,792,350
100$144,176,412$2,789,052$0$56,909,186