Can I retire at age 45 with 896,000?

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 $896,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$73,991$73,332$72,689$72,061$71,448$70,614
2 years$36,629$35,947$35,286$34,645$34,023$33,183
3 years$24,177$23,492$22,832$22,197$21,586$20,766
4 years$17,952$17,269$16,616$15,992$15,395$14,603
5 years$14,218$13,539$12,895$12,283$11,703$10,940
6 years$11,729$11,056$10,421$9,823$9,260$8,527
7 years$9,953$9,285$8,660$8,076$7,531$6,829
8 years$8,621$7,959$7,344$6,775$6,248$5,576
9 years$7,585$6,929$6,326$5,771$5,261$4,620
10 years$6,757$6,108$5,515$4,974$4,483$3,871
11 years$6,080$5,437$4,855$4,329$3,856$3,273
12 years$5,517$4,880$4,309$3,797$3,341$2,787
13 years$5,040$4,410$3,850$3,352$2,914$2,387
14 years$4,632$4,009$3,459$2,976$2,554$2,055
15 years$4,279$3,662$3,123$2,654$2,249$1,776
16 years$3,970$3,360$2,831$2,376$1,987$1,540
17 years$3,697$3,094$2,576$2,135$1,762$1,339
18 years$3,456$2,859$2,352$1,924$1,567$1,168
19 years$3,239$2,650$2,153$1,739$1,397$1,020
20 years$3,045$2,463$1,976$1,575$1,247$893
21 years$2,870$2,294$1,818$1,429$1,116$783
22 years$2,710$2,141$1,675$1,299$1,001$687
23 years$2,565$2,003$1,547$1,183$898$604
24 years$2,432$1,876$1,430$1,079$807$531
25 years$2,310$1,761$1,325$986$726$468
26 years$2,197$1,655$1,229$901$654$413
27 years$2,093$1,557$1,141$825$590$364
28 years$1,997$1,468$1,061$756$532$321
29 years$1,907$1,384$987$693$481$283
30 years$1,824$1,308$919$636$434$250
31 years$1,746$1,236$857$584$393$221
32 years$1,673$1,170$800$537$355$196
33 years$1,605$1,108$747$494$321$173
34 years$1,540$1,050$698$454$291$153
35 years$1,480$996$652$418$264$135
36 years$1,423$945$610$385$239$120
37 years$1,369$898$571$355$216$106
38 years$1,319$853$535$327$196$94
39 years$1,271$811$501$302$178$83
40 years$1,225$772$470$278$161$74
41 years$1,182$735$440$257$146$65
42 years$1,141$700$413$237$133$58
43 years$1,102$667$388$219$121$51
44 years$1,065$635$364$202$109$45
45 years$1,029$606$342$186$99$40
46 years$995$578$321$172$90$36
47 years$963$552$301$159$82$32
48 years$932$527$283$147$74$28
49 years$903$503$266$136$68$25
50 years$875$480$250$126$61$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $896,000, adding $3,602 every year, while hoping to spend $37,581 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: 71/11/18 Blend
44$896,000$896,000$896,000$896,000
45$991,107$943,619$929,731$1,056,993
46$1,052,215$949,871$920,892$1,107,545
47$1,118,295$955,169$910,496$1,158,031
48$1,189,816$959,428$898,453$1,212,351
49$1,267,293$962,555$884,666$1,270,878
50$1,351,289$964,453$869,035$1,334,026
51$1,442,428$965,018$851,455$1,402,249
52$1,541,392$964,140$831,815$1,476,048
53$1,648,932$961,702$809,999$1,555,978
54$1,765,877$957,579$785,888$1,642,648
55$1,893,137$951,640$759,355$1,736,732
56$2,031,711$943,745$730,268$1,838,973
57$2,182,703$933,745$698,489$1,950,190
58$2,347,324$921,484$663,874$2,071,287
59$2,526,908$906,795$626,272$2,203,261
60$2,722,926$889,501$585,525$2,347,212
61$2,936,993$869,415$541,468$2,504,351
62$3,170,889$846,339$493,930$2,676,018
63$3,426,574$820,063$442,731$2,863,688
64$3,706,204$790,366$387,682$3,068,988
65$4,012,156$757,013$328,588$3,293,713
66$4,347,044$719,755$265,244$3,539,844
67$4,713,749$678,329$197,436$3,809,563
68$5,115,441$632,458$124,940$4,105,278
69$5,555,614$581,846$47,524$4,429,646
70$6,038,115$526,185$0$4,785,594
71$6,567,179$465,144$0$5,183,093
72$7,147,473$398,378$0$5,629,143
73$7,784,136$325,519$0$6,118,585
74$8,482,828$246,179$0$6,655,803
75$9,249,785$159,951$0$7,245,629
76$10,091,876$66,401$0$7,893,387
77$11,016,666$0$0$8,604,943
78$12,032,491$0$0$9,390,990
79$13,148,531$0$0$10,263,463
80$14,374,903$0$0$11,222,238
81$15,722,749$0$0$12,276,033
82$17,204,346$0$0$13,434,453
83$18,833,219$0$0$14,708,079
84$20,624,269$0$0$16,108,568
85$22,593,913$0$0$17,648,767
86$24,760,238$0$0$19,342,825
87$27,143,174$0$0$21,206,334
88$29,764,677$0$0$23,256,473
89$32,648,940$0$0$25,512,169
90$35,822,618$0$0$27,994,279
91$39,315,081$0$0$30,725,779
92$43,158,690$0$0$33,731,989
93$47,389,101$0$0$37,040,805
94$52,045,603$0$0$40,682,968
95$57,171,487$0$0$44,692,348
96$62,814,454$0$0$49,106,266
97$69,027,065$0$0$53,965,845
98$75,867,236$0$0$59,316,399
99$83,398,787$0$0$65,207,860
100$91,692,038$0$0$71,695,248