Can I retire at age 45 with 894,000?

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 $894,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$73,826$73,168$72,527$71,900$71,289$70,166
2 years$36,547$35,867$35,207$34,567$33,947$32,818
3 years$24,123$23,439$22,781$22,148$21,537$20,438
4 years$17,912$17,230$16,579$15,956$15,361$14,300
5 years$14,186$13,509$12,866$12,256$11,677$10,657
6 years$11,703$11,031$10,398$9,801$9,240$8,262
7 years$9,930$9,264$8,640$8,058$7,514$6,579
8 years$8,601$7,941$7,328$6,760$6,234$5,341
9 years$7,568$6,914$6,311$5,758$5,250$4,399
10 years$6,742$6,094$5,502$4,963$4,473$3,664
11 years$6,067$5,425$4,844$4,320$3,847$3,078
12 years$5,504$4,869$4,299$3,789$3,334$2,605
13 years$5,029$4,401$3,841$3,345$2,907$2,217
14 years$4,622$4,000$3,451$2,969$2,548$1,895
15 years$4,269$3,654$3,116$2,648$2,244$1,627
16 years$3,961$3,353$2,825$2,371$1,983$1,401
17 years$3,689$3,088$2,571$2,130$1,758$1,210
18 years$3,448$2,853$2,347$1,920$1,563$1,047
19 years$3,232$2,644$2,148$1,735$1,393$908
20 years$3,038$2,457$1,972$1,571$1,245$789
21 years$2,863$2,289$1,813$1,426$1,114$687
22 years$2,704$2,136$1,671$1,297$998$598
23 years$2,559$1,998$1,543$1,181$896$522
24 years$2,427$1,872$1,427$1,077$806$456
25 years$2,305$1,757$1,322$984$725$398
26 years$2,193$1,651$1,226$899$653$348
27 years$2,089$1,554$1,138$823$589$305
28 years$1,993$1,464$1,058$754$531$267
29 years$1,903$1,381$985$692$480$233
30 years$1,820$1,305$917$635$433$205
31 years$1,742$1,233$855$583$392$179
32 years$1,669$1,167$798$536$354$157
33 years$1,601$1,105$745$493$321$138
34 years$1,537$1,047$696$453$290$121
35 years$1,477$993$651$417$263$106
36 years$1,420$943$609$384$238$93
37 years$1,366$896$570$354$216$82
38 years$1,316$851$534$326$196$72
39 years$1,268$809$500$301$178$63
40 years$1,222$770$469$278$161$55
41 years$1,179$733$439$256$146$49
42 years$1,138$698$412$236$133$43
43 years$1,099$665$387$218$120$37
44 years$1,062$634$363$201$109$33
45 years$1,027$605$341$186$99$29
46 years$993$577$320$172$90$25
47 years$961$550$301$159$82$22
48 years$930$525$283$147$74$20
49 years$901$502$266$136$67$17
50 years$873$479$250$125$61$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $894,000, adding $5,830 every year, while hoping to spend $36,717 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: 49/43/8 Blend
44$894,000$894,000$894,000$894,000
45$991,202$943,820$929,963$1,037,404
46$1,053,238$951,000$922,050$1,076,810
47$1,120,371$957,302$912,641$1,115,216
48$1,193,082$962,643$901,648$1,156,073
49$1,271,900$966,937$888,977$1,199,619
50$1,357,408$970,090$874,532$1,246,119
51$1,450,244$972,005$858,209$1,295,865
52$1,551,112$972,577$839,902$1,349,182
53$1,660,786$971,694$819,500$1,406,428
54$1,780,119$969,239$796,885$1,468,001
55$1,910,046$965,087$771,936$1,534,340
56$2,051,598$959,104$744,524$1,605,930
57$2,205,911$951,150$714,516$1,683,311
58$2,374,234$941,076$681,771$1,767,078
59$2,557,939$928,722$646,144$1,857,889
60$2,758,541$913,922$607,482$1,956,473
61$2,977,704$896,496$565,625$2,063,636
62$3,217,263$876,257$520,406$2,180,269
63$3,479,235$853,005$471,651$2,307,359
64$3,765,844$826,529$419,178$2,445,994
65$4,079,536$796,605$362,796$2,597,381
66$4,423,006$762,996$302,308$2,762,850
67$4,799,222$725,452$237,504$2,943,875
68$5,211,452$683,708$168,170$3,142,083
69$5,663,294$637,484$94,078$3,359,272
70$6,158,713$586,484$14,992$3,597,430
71$6,702,074$530,394$0$3,858,753
72$7,298,186$468,884$0$4,151,591
73$7,952,346$401,604$0$4,474,451
74$8,670,386$328,184$0$4,829,036
75$9,458,734$248,233$0$5,218,638
76$10,324,469$161,340$0$5,646,896
77$11,275,388$67,069$0$6,117,822
78$12,320,082$0$0$6,635,849
79$13,468,015$0$0$7,222,448
80$14,729,613$0$0$7,902,110
81$16,116,361$0$0$8,649,301
82$17,640,914$0$0$9,470,853
83$19,317,213$0$0$10,374,292
84$21,160,618$0$0$11,367,910
85$23,188,051$0$0$12,460,844
86$25,418,157$0$0$13,663,159
87$27,871,479$0$0$14,985,947
88$30,570,651$0$0$16,441,427
89$33,540,612$0$0$18,043,064
90$36,808,839$0$0$19,805,692
91$40,405,608$0$0$21,745,660
92$44,364,279$0$0$23,880,977
93$48,721,609$0$0$26,231,491
94$53,518,100$0$0$28,819,069
95$58,798,381$0$0$31,667,806
96$64,611,625$0$0$34,804,254
97$71,012,019$0$0$38,257,669
98$78,059,267$0$0$42,060,290
99$85,819,162$0$0$46,247,638
100$94,364,198$0$0$50,858,857