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%16.5%
1 years$73,991$73,332$72,689$72,061$71,448$69,552
2 years$36,629$35,947$35,286$34,645$34,023$32,126
3 years$24,177$23,492$22,832$22,197$21,586$19,747
4 years$17,952$17,269$16,616$15,992$15,395$13,629
5 years$14,218$13,539$12,895$12,283$11,703$10,014
6 years$11,729$11,056$10,421$9,823$9,260$7,650
7 years$9,953$9,285$8,660$8,076$7,531$6,000
8 years$8,621$7,959$7,344$6,775$6,248$4,795
9 years$7,585$6,929$6,326$5,771$5,261$3,886
10 years$6,757$6,108$5,515$4,974$4,483$3,183
11 years$6,080$5,437$4,855$4,329$3,856$2,629
12 years$5,517$4,880$4,309$3,797$3,341$2,186
13 years$5,040$4,410$3,850$3,352$2,914$1,827
14 years$4,632$4,009$3,459$2,976$2,554$1,534
15 years$4,279$3,662$3,123$2,654$2,249$1,292
16 years$3,970$3,360$2,831$2,376$1,987$1,092
17 years$3,697$3,094$2,576$2,135$1,762$924
18 years$3,456$2,859$2,352$1,924$1,567$785
19 years$3,239$2,650$2,153$1,739$1,397$667
20 years$3,045$2,463$1,976$1,575$1,247$568
21 years$2,870$2,294$1,818$1,429$1,116$484
22 years$2,710$2,141$1,675$1,299$1,001$413
23 years$2,565$2,003$1,547$1,183$898$353
24 years$2,432$1,876$1,430$1,079$807$301
25 years$2,310$1,761$1,325$986$726$258
26 years$2,197$1,655$1,229$901$654$221
27 years$2,093$1,557$1,141$825$590$189
28 years$1,997$1,468$1,061$756$532$162
29 years$1,907$1,384$987$693$481$139
30 years$1,824$1,308$919$636$434$119
31 years$1,746$1,236$857$584$393$102
32 years$1,673$1,170$800$537$355$87
33 years$1,605$1,108$747$494$321$75
34 years$1,540$1,050$698$454$291$64
35 years$1,480$996$652$418$264$55
36 years$1,423$945$610$385$239$47
37 years$1,369$898$571$355$216$40
38 years$1,319$853$535$327$196$35
39 years$1,271$811$501$302$178$30
40 years$1,225$772$470$278$161$26
41 years$1,182$735$440$257$146$22
42 years$1,141$700$413$237$133$19
43 years$1,102$667$388$219$121$16
44 years$1,065$635$364$202$109$14
45 years$1,029$606$342$186$99$12
46 years$995$578$321$172$90$10
47 years$963$552$301$159$82$9
48 years$932$527$283$147$74$8
49 years$903$503$266$136$68$6
50 years$875$480$250$126$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $896,000, adding $2,295 every year, while hoping to spend $26,306 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: 22/49/29 Blend
44$896,000$896,000$896,000$896,000
45$989,759$942,271$928,383$1,002,412
46$1,062,725$960,453$931,495$1,032,085
47$1,142,252$978,644$933,829$1,061,465
48$1,228,982$996,817$935,332$1,092,334
49$1,323,619$1,014,943$935,947$1,124,832
50$1,426,942$1,032,989$935,615$1,159,112
51$1,539,806$1,050,921$934,273$1,195,346
52$1,663,152$1,068,702$931,858$1,233,724
53$1,798,018$1,086,293$928,299$1,274,455
54$1,945,544$1,103,650$923,526$1,317,774
55$2,106,989$1,120,728$917,463$1,363,939
56$2,283,735$1,137,476$910,031$1,413,236
57$2,477,307$1,153,844$901,148$1,465,984
58$2,689,383$1,169,773$890,727$1,522,534
59$2,921,811$1,185,203$878,678$1,583,276
60$3,176,628$1,200,071$864,906$1,648,642
61$3,456,075$1,214,305$849,311$1,719,110
62$3,762,622$1,227,833$831,791$1,795,211
63$4,098,989$1,240,576$812,235$1,877,530
64$4,468,171$1,252,450$790,530$1,966,716
65$4,873,469$1,263,364$766,557$2,063,488
66$5,318,518$1,273,224$740,192$2,168,641
67$5,807,322$1,281,928$711,304$2,283,055
68$6,344,294$1,289,367$679,757$2,407,702
69$6,934,292$1,295,426$645,409$2,543,659
70$7,582,671$1,299,983$608,112$2,692,117
71$8,295,329$1,302,908$567,709$2,854,391
72$9,078,763$1,304,061$524,038$3,031,938
73$9,940,133$1,303,296$476,929$3,226,367
74$10,887,325$1,300,456$426,205$3,439,457
75$11,929,031$1,295,377$371,681$3,673,173
76$13,074,822$1,287,881$313,163$3,929,689
77$14,335,249$1,277,782$250,449$4,211,406
78$15,721,934$1,264,883$183,328$4,520,975
79$17,247,682$1,248,973$111,581$4,861,330
80$18,926,603$1,229,830$34,976$5,235,706
81$20,774,243$1,207,218$0$5,647,679
82$22,807,731$1,180,887$0$6,115,674
83$25,045,943$1,150,574$0$6,642,069
84$27,509,675$1,115,997$0$7,220,927
85$30,221,842$1,076,862$0$7,857,651
86$33,207,695$1,032,853$0$8,558,201
87$36,495,057$983,639$0$9,329,150
88$40,114,585$928,870$0$10,177,751
89$44,100,061$868,174$0$11,112,001
90$48,488,711$801,157$0$12,140,723
91$53,321,551$727,406$0$13,273,648
92$58,643,782$646,481$0$14,521,506
93$64,505,208$557,919$0$15,896,134
94$70,960,712$461,230$0$17,410,585
95$78,070,771$355,897$0$19,079,254
96$85,902,026$241,372$0$20,918,015
97$94,527,912$117,078$0$22,944,374
98$104,029,350$0$0$25,177,636
99$114,495,512$0$0$27,648,574
100$126,024,661$0$0$30,440,244