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%15.7%
1 years$73,743$73,086$72,445$71,820$71,209$69,544
2 years$36,506$35,827$35,168$34,529$33,909$32,241
3 years$24,096$23,413$22,756$22,123$21,513$19,894
4 years$17,892$17,211$16,560$15,938$15,343$13,786
5 years$14,170$13,494$12,852$12,242$11,664$10,173
6 years$11,690$11,019$10,386$9,790$9,229$7,805
7 years$9,919$9,253$8,631$8,049$7,506$6,150
8 years$8,592$7,932$7,320$6,752$6,227$4,938
9 years$7,560$6,906$6,304$5,751$5,244$4,021
10 years$6,735$6,087$5,496$4,958$4,468$3,310
11 years$6,060$5,419$4,839$4,315$3,843$2,748
12 years$5,498$4,864$4,294$3,785$3,330$2,296
13 years$5,023$4,396$3,837$3,341$2,904$1,930
14 years$4,616$3,996$3,447$2,966$2,545$1,629
15 years$4,264$3,650$3,112$2,645$2,241$1,380
16 years$3,956$3,349$2,822$2,368$1,981$1,173
17 years$3,685$3,084$2,568$2,128$1,756$999
18 years$3,444$2,850$2,344$1,918$1,562$853
19 years$3,229$2,641$2,146$1,733$1,392$729
20 years$3,035$2,454$1,969$1,569$1,243$625
21 years$2,860$2,286$1,811$1,424$1,113$536
22 years$2,701$2,134$1,670$1,295$997$460
23 years$2,557$1,996$1,542$1,179$895$395
24 years$2,424$1,870$1,426$1,076$805$340
25 years$2,302$1,755$1,320$982$724$293
26 years$2,190$1,649$1,225$898$652$252
27 years$2,086$1,552$1,137$822$588$217
28 years$1,990$1,463$1,057$753$531$187
29 years$1,901$1,380$984$691$479$161
30 years$1,818$1,303$916$634$433$139
31 years$1,740$1,232$854$582$391$120
32 years$1,667$1,166$797$535$354$104
33 years$1,599$1,104$744$492$320$89
34 years$1,535$1,046$695$453$290$77
35 years$1,475$992$650$417$263$67
36 years$1,418$942$608$384$238$58
37 years$1,365$895$569$354$216$50
38 years$1,314$850$533$326$196$43
39 years$1,266$808$499$301$177$37
40 years$1,221$769$468$277$161$32
41 years$1,178$732$439$256$146$28
42 years$1,137$697$412$236$132$24
43 years$1,098$664$386$218$120$21
44 years$1,061$633$363$201$109$18
45 years$1,026$604$341$186$99$15
46 years$992$576$320$172$90$13
47 years$960$550$300$159$82$12
48 years$929$525$282$147$74$10
49 years$900$501$265$135$67$9
50 years$872$479$250$125$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $893,000, adding $4,624 every year, while hoping to spend $54,156 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: 38/49/13 Blend
44$893,000$893,000$893,000$893,000
45$988,856$941,527$927,685$1,022,366
46$1,032,097$930,040$901,141$1,035,192
47$1,077,935$916,175$871,893$1,043,452
48$1,126,575$899,759$839,792$1,051,195
49$1,178,246$880,607$804,685$1,058,401
50$1,233,194$858,525$766,410$1,065,052
51$1,291,693$833,305$724,798$1,071,134
52$1,354,039$804,731$679,672$1,076,633
53$1,420,559$772,570$630,848$1,081,545
54$1,491,608$736,577$578,133$1,085,866
55$1,567,577$696,495$521,326$1,089,600
56$1,648,897$652,050$460,217$1,092,759
57$1,736,035$602,952$394,586$1,095,360
58$1,829,509$548,894$324,202$1,097,432
59$1,929,884$489,555$248,828$1,099,014
60$2,037,780$424,591$168,212$1,100,156
61$2,153,880$353,643$82,093$1,100,923
62$2,278,932$276,327$0$1,101,397
63$2,413,757$192,242$0$1,103,036
64$2,559,260$100,962$0$1,116,841
65$2,716,432$2,036$0$1,131,597
66$2,886,364$0$0$1,147,515
67$3,070,254$0$0$1,221,461
68$3,269,419$0$0$1,302,840
69$3,485,307$0$0$1,391,158
70$3,719,513$0$0$1,487,081
71$3,973,786$0$0$1,591,340
72$4,250,054$0$0$1,704,739
73$4,550,436$0$0$1,828,164
74$4,877,264$0$0$1,962,589
75$5,233,103$0$0$2,109,086
76$5,620,775$0$0$2,268,834
77$6,043,388$0$0$2,443,133
78$6,504,360$0$0$2,633,410
79$7,007,455$0$0$2,841,240
80$7,556,814$0$0$3,068,354
81$8,156,998$0$0$3,316,658
82$8,813,026$0$0$3,588,253
83$9,530,425$0$0$3,885,449
84$10,315,281$0$0$4,210,791
85$11,174,294$0$0$4,567,083
86$12,114,842$0$0$4,957,411
87$13,145,050$0$0$5,385,173
88$14,273,867$0$0$5,854,114
89$15,511,145$0$0$6,368,355
90$16,867,737$0$0$6,932,439
91$18,355,598$0$0$7,551,366
92$19,987,892$0$0$8,230,645
93$21,779,121$0$0$8,976,346
94$23,745,257$0$0$9,795,154
95$25,903,897$0$0$10,694,431
96$28,274,421$0$0$11,682,289
97$30,878,181$0$0$12,767,666
98$33,738,697$0$0$13,960,405
99$36,881,881$0$0$15,271,352
100$40,336,277$0$0$16,712,456