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%14.8%
1 years$73,826$73,168$72,527$71,900$71,289$69,878
2 years$36,547$35,867$35,207$34,567$33,947$32,532
3 years$24,123$23,439$22,781$22,148$21,537$20,162
4 years$17,912$17,230$16,579$15,956$15,361$14,035
5 years$14,186$13,509$12,866$12,256$11,677$10,405
6 years$11,703$11,031$10,398$9,801$9,240$8,023
7 years$9,930$9,264$8,640$8,058$7,514$6,353
8 years$8,601$7,941$7,328$6,760$6,234$5,128
9 years$7,568$6,914$6,311$5,758$5,250$4,199
10 years$6,742$6,094$5,502$4,963$4,473$3,475
11 years$6,067$5,425$4,844$4,320$3,847$2,902
12 years$5,504$4,869$4,299$3,789$3,334$2,439
13 years$5,029$4,401$3,841$3,345$2,907$2,062
14 years$4,622$4,000$3,451$2,969$2,548$1,751
15 years$4,269$3,654$3,116$2,648$2,244$1,493
16 years$3,961$3,353$2,825$2,371$1,983$1,277
17 years$3,689$3,088$2,571$2,130$1,758$1,095
18 years$3,448$2,853$2,347$1,920$1,563$941
19 years$3,232$2,644$2,148$1,735$1,393$810
20 years$3,038$2,457$1,972$1,571$1,245$698
21 years$2,863$2,289$1,813$1,426$1,114$603
22 years$2,704$2,136$1,671$1,297$998$521
23 years$2,559$1,998$1,543$1,181$896$451
24 years$2,427$1,872$1,427$1,077$806$391
25 years$2,305$1,757$1,322$984$725$339
26 years$2,193$1,651$1,226$899$653$294
27 years$2,089$1,554$1,138$823$589$255
28 years$1,993$1,464$1,058$754$531$222
29 years$1,903$1,381$985$692$480$192
30 years$1,820$1,305$917$635$433$167
31 years$1,742$1,233$855$583$392$145
32 years$1,669$1,167$798$536$354$126
33 years$1,601$1,105$745$493$321$110
34 years$1,537$1,047$696$453$290$96
35 years$1,477$993$651$417$263$83
36 years$1,420$943$609$384$238$72
37 years$1,366$896$570$354$216$63
38 years$1,316$851$534$326$196$55
39 years$1,268$809$500$301$178$48
40 years$1,222$770$469$278$161$42
41 years$1,179$733$439$256$146$36
42 years$1,138$698$412$236$133$32
43 years$1,099$665$387$218$120$27
44 years$1,062$634$363$201$109$24
45 years$1,027$605$341$186$99$21
46 years$993$577$320$172$90$18
47 years$961$550$301$159$82$16
48 years$930$525$283$147$74$14
49 years$901$502$266$136$67$12
50 years$873$479$250$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $894,000, adding $5,791 every year, while hoping to spend $23,240 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: 60/18/22 Blend
44$894,000$894,000$894,000$894,000
45$991,161$943,779$929,922$1,044,535
46$1,067,533$965,297$936,348$1,102,931
47$1,150,915$987,091$942,209$1,163,571
48$1,241,999$1,009,149$947,464$1,229,218
49$1,341,544$1,031,459$952,065$1,300,361
50$1,450,389$1,054,007$955,966$1,377,539
51$1,569,453$1,076,779$959,116$1,461,349
52$1,699,753$1,099,756$961,462$1,552,446
53$1,842,405$1,122,922$962,949$1,651,552
54$1,998,640$1,146,254$963,517$1,759,464
55$2,169,813$1,169,732$963,106$1,877,060
56$2,357,415$1,193,331$961,652$2,005,308
57$2,563,091$1,217,023$959,087$2,145,273
58$2,788,650$1,240,781$955,340$2,298,132
59$3,036,087$1,264,573$950,338$2,465,179
60$3,307,596$1,288,366$944,002$2,647,843
61$3,605,596$1,312,121$936,252$2,847,697
62$3,932,752$1,335,801$927,002$3,066,477
63$4,291,999$1,359,361$916,162$3,306,094
64$4,686,569$1,382,756$903,640$3,568,656
65$5,120,024$1,405,936$889,337$3,856,487
66$5,596,288$1,428,848$873,151$4,172,147
67$6,119,682$1,451,434$854,974$4,518,459
68$6,694,968$1,473,633$834,694$4,898,535
69$7,327,393$1,495,379$812,194$5,315,803
70$8,022,735$1,516,601$787,351$5,774,045
71$8,787,362$1,537,223$760,036$6,277,427
72$9,628,290$1,557,164$730,114$6,830,541
73$10,553,249$1,576,337$697,446$7,438,451
74$11,570,753$1,594,651$661,883$8,106,737
75$12,690,187$1,612,006$623,273$8,841,548
76$13,921,888$1,628,297$581,455$9,649,665
77$15,277,248$1,643,410$536,261$10,538,560
78$16,768,818$1,657,228$487,516$11,516,469
79$18,410,426$1,669,621$435,037$12,592,471
80$20,217,311$1,680,453$378,632$13,776,572
81$22,206,262$1,689,581$318,101$15,079,800
82$24,395,780$1,696,849$253,237$16,514,312
83$26,806,249$1,702,095$183,821$18,093,506
84$29,460,133$1,705,144$109,625$19,832,149
85$32,382,182$1,705,812$30,413$21,746,520
86$35,599,669$1,703,901$0$23,854,556
87$39,142,647$1,699,203$0$26,188,735
88$43,044,230$1,691,498$0$28,766,590
89$47,340,909$1,680,549$0$31,605,057
90$52,072,894$1,666,108$0$34,730,676
91$57,284,493$1,647,910$0$38,172,691
92$63,024,529$1,625,677$0$41,963,334
93$69,346,806$1,599,109$0$46,138,120
94$76,310,609$1,567,894$0$50,736,191
95$83,981,268$1,531,698$0$55,800,678
96$92,430,774$1,490,168$0$61,379,116
97$101,738,457$1,442,930$0$67,523,886
98$111,991,736$1,389,590$0$74,292,714
99$123,286,942$1,329,729$0$81,749,215
100$135,730,228$1,262,904$0$89,963,494