Can I retire at age 45 with 893,000?

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 $893,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$73,743$73,086$72,445$71,820$71,209$70,319
2 years$36,506$35,827$35,168$34,529$33,909$33,014
3 years$24,096$23,413$22,756$22,123$21,513$20,640
4 years$17,892$17,211$16,560$15,938$15,343$14,499
5 years$14,170$13,494$12,852$12,242$11,664$10,851
6 years$11,690$11,019$10,386$9,790$9,229$8,449
7 years$9,919$9,253$8,631$8,049$7,506$6,758
8 years$8,592$7,932$7,320$6,752$6,227$5,512
9 years$7,560$6,906$6,304$5,751$5,244$4,562
10 years$6,735$6,087$5,496$4,958$4,468$3,818
11 years$6,060$5,419$4,839$4,315$3,843$3,224
12 years$5,498$4,864$4,294$3,785$3,330$2,741
13 years$5,023$4,396$3,837$3,341$2,904$2,345
14 years$4,616$3,996$3,447$2,966$2,545$2,016
15 years$4,264$3,650$3,112$2,645$2,241$1,740
16 years$3,956$3,349$2,822$2,368$1,981$1,507
17 years$3,685$3,084$2,568$2,128$1,756$1,309
18 years$3,444$2,850$2,344$1,918$1,562$1,139
19 years$3,229$2,641$2,146$1,733$1,392$994
20 years$3,035$2,454$1,969$1,569$1,243$869
21 years$2,860$2,286$1,811$1,424$1,113$760
22 years$2,701$2,134$1,670$1,295$997$667
23 years$2,557$1,996$1,542$1,179$895$585
24 years$2,424$1,870$1,426$1,076$805$514
25 years$2,302$1,755$1,320$982$724$452
26 years$2,190$1,649$1,225$898$652$398
27 years$2,086$1,552$1,137$822$588$350
28 years$1,990$1,463$1,057$753$531$308
29 years$1,901$1,380$984$691$479$272
30 years$1,818$1,303$916$634$433$240
31 years$1,740$1,232$854$582$391$212
32 years$1,667$1,166$797$535$354$187
33 years$1,599$1,104$744$492$320$165
34 years$1,535$1,046$695$453$290$146
35 years$1,475$992$650$417$263$129
36 years$1,418$942$608$384$238$114
37 years$1,365$895$569$354$216$100
38 years$1,314$850$533$326$196$89
39 years$1,266$808$499$301$177$78
40 years$1,221$769$468$277$161$69
41 years$1,178$732$439$256$146$61
42 years$1,137$697$412$236$132$54
43 years$1,098$664$386$218$120$48
44 years$1,061$633$363$201$109$42
45 years$1,026$604$341$186$99$38
46 years$992$576$320$172$90$33
47 years$960$550$300$159$82$29
48 years$929$525$282$147$74$26
49 years$900$501$265$135$67$23
50 years$872$479$250$125$61$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $893,000, adding $3,352 every year, while hoping to spend $59,662 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: 20/50/30 Blend
44$893,000$893,000$893,000$893,000
45$987,544$940,215$926,373$997,829
46$1,024,793$922,805$893,927$990,526
47$1,063,843$902,543$858,394$977,598
48$1,104,812$879,226$819,608$962,485
49$1,147,833$852,638$777,395$945,051
50$1,193,048$822,553$731,573$925,150
51$1,240,611$788,730$681,953$902,632
52$1,290,690$750,915$628,335$877,340
53$1,343,469$708,838$570,513$849,108
54$1,399,147$662,215$508,269$817,763
55$1,457,941$610,745$441,377$783,126
56$1,520,089$554,109$369,601$745,009
57$1,585,849$491,971$292,694$703,216
58$1,655,504$423,976$210,397$657,543
59$1,729,362$349,748$122,443$607,778
60$1,807,762$268,890$28,549$553,700
61$1,891,072$180,984$0$495,080
62$1,979,695$85,586$0$454,616
63$2,074,073$0$0$420,368
64$2,174,690$0$0$392,814
65$2,282,075$0$0$413,757
66$2,396,809$0$0$436,234
67$2,519,527$0$0$460,383
68$2,650,928$0$0$486,354
69$2,791,775$0$0$514,312
70$2,942,908$0$0$544,440
71$3,105,247$0$0$576,938
72$3,279,803$0$0$612,026
73$3,467,685$0$0$649,943
74$3,670,111$0$0$690,956
75$3,888,420$0$0$735,357
76$4,124,080$0$0$783,464
77$4,378,708$0$0$835,631
78$4,654,078$0$0$892,246
79$4,952,141$0$0$953,733
80$5,275,042$0$0$1,020,562
81$5,625,139$0$0$1,093,249
82$6,005,025$0$0$1,172,360
83$6,417,552$0$0$1,258,520
84$6,865,858$0$0$1,352,415
85$7,353,392$0$0$1,454,802
86$7,883,953$0$0$1,566,512
87$8,461,717$0$0$1,688,462
88$9,091,281$0$0$1,821,658
89$9,777,705$0$0$1,967,211
90$10,526,556$0$0$2,126,342
91$11,343,963$0$0$2,300,397
92$12,236,672$0$0$2,490,855
93$13,212,109$0$0$2,699,350
94$14,278,451$0$0$2,927,674
95$15,444,699$0$0$3,177,808
96$16,720,765$0$0$3,451,927
97$18,117,561$0$0$3,752,431
98$19,647,106$0$0$4,081,961
99$21,322,633$0$0$4,443,427
100$23,158,717$0$0$4,840,034