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%14.9%
1 years$73,991$73,332$72,689$72,061$71,448$70,006
2 years$36,629$35,947$35,286$34,645$34,023$32,576
3 years$24,177$23,492$22,832$22,197$21,586$20,179
4 years$17,952$17,269$16,616$15,992$15,395$14,040
5 years$14,218$13,539$12,895$12,283$11,703$10,404
6 years$11,729$11,056$10,421$9,823$9,260$8,017
7 years$9,953$9,285$8,660$8,076$7,531$6,345
8 years$8,621$7,959$7,344$6,775$6,248$5,119
9 years$7,585$6,929$6,326$5,771$5,261$4,188
10 years$6,757$6,108$5,515$4,974$4,483$3,465
11 years$6,080$5,437$4,855$4,329$3,856$2,891
12 years$5,517$4,880$4,309$3,797$3,341$2,429
13 years$5,040$4,410$3,850$3,352$2,914$2,052
14 years$4,632$4,009$3,459$2,976$2,554$1,741
15 years$4,279$3,662$3,123$2,654$2,249$1,483
16 years$3,970$3,360$2,831$2,376$1,987$1,268
17 years$3,697$3,094$2,576$2,135$1,762$1,086
18 years$3,456$2,859$2,352$1,924$1,567$933
19 years$3,239$2,650$2,153$1,739$1,397$802
20 years$3,045$2,463$1,976$1,575$1,247$692
21 years$2,870$2,294$1,818$1,429$1,116$597
22 years$2,710$2,141$1,675$1,299$1,001$516
23 years$2,565$2,003$1,547$1,183$898$446
24 years$2,432$1,876$1,430$1,079$807$386
25 years$2,310$1,761$1,325$986$726$334
26 years$2,197$1,655$1,229$901$654$290
27 years$2,093$1,557$1,141$825$590$251
28 years$1,997$1,468$1,061$756$532$218
29 years$1,907$1,384$987$693$481$189
30 years$1,824$1,308$919$636$434$164
31 years$1,746$1,236$857$584$393$143
32 years$1,673$1,170$800$537$355$124
33 years$1,605$1,108$747$494$321$108
34 years$1,540$1,050$698$454$291$94
35 years$1,480$996$652$418$264$81
36 years$1,423$945$610$385$239$71
37 years$1,369$898$571$355$216$62
38 years$1,319$853$535$327$196$54
39 years$1,271$811$501$302$178$47
40 years$1,225$772$470$278$161$40
41 years$1,182$735$440$257$146$35
42 years$1,141$700$413$237$133$31
43 years$1,102$667$388$219$121$27
44 years$1,065$635$364$202$109$23
45 years$1,029$606$342$186$99$20
46 years$995$578$321$172$90$18
47 years$963$552$301$159$82$15
48 years$932$527$283$147$74$13
49 years$903$503$266$136$68$12
50 years$875$480$250$126$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $896,000, adding $3,279 every year, while hoping to spend $52,283 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$896,000$896,000$896,000$896,000
45$990,774$943,286$929,398$1,024,397
46$1,036,205$933,879$904,904$1,039,256
47$1,084,516$922,258$877,838$1,049,995
48$1,135,949$908,260$848,057$1,060,458
49$1,190,762$891,712$815,414$1,070,645
50$1,249,244$872,429$779,754$1,080,562
51$1,311,707$850,218$740,916$1,090,217
52$1,378,495$824,873$698,730$1,099,627
53$1,449,985$796,175$653,021$1,108,814
54$1,526,589$763,894$603,603$1,117,806
55$1,608,762$727,785$550,284$1,126,643
56$1,696,999$687,590$492,863$1,135,374
57$1,791,847$643,036$431,128$1,144,057
58$1,893,905$593,834$364,860$1,152,767
59$2,003,831$539,679$293,830$1,161,591
60$2,122,346$480,249$217,798$1,170,633
61$2,250,245$415,200$136,514$1,180,017
62$2,388,399$344,174$49,717$1,189,888
63$2,537,767$266,790$0$1,200,415
64$2,699,402$182,645$0$1,217,747
65$2,874,461$91,315$0$1,243,904
66$3,064,217$0$0$1,272,285
67$3,270,070$0$0$1,307,358
68$3,493,559$0$0$1,398,993
69$3,736,377$0$0$1,498,660
70$4,000,387$0$0$1,607,138
71$4,287,637$0$0$1,725,283
72$4,600,381$0$0$1,854,036
73$4,941,101$0$0$1,994,435
74$5,312,525$0$0$2,147,619
75$5,717,659$0$0$2,314,846
76$6,159,810$0$0$2,497,497
77$6,642,616$0$0$2,697,095
78$7,170,086$0$0$2,915,314
79$7,746,630$0$0$3,154,000
80$8,377,106$0$0$3,415,184
81$9,066,860$0$0$3,701,102
82$9,821,780$0$0$4,014,216
83$10,648,351$0$0$4,357,240
84$11,553,711$0$0$4,733,160
85$12,545,724$0$0$5,145,266
86$13,633,048$0$0$5,597,180
87$14,825,221$0$0$6,092,893
88$16,132,746$0$0$6,636,799
89$17,567,192$0$0$7,233,741
90$19,141,302$0$0$7,889,051
91$20,869,113$0$0$8,608,602
92$22,766,085$0$0$9,398,866
93$24,849,250$0$0$10,266,970
94$27,137,371$0$0$11,220,768
95$29,651,115$0$0$12,268,910
96$32,413,251$0$0$13,420,927
97$35,448,864$0$0$14,687,318
98$38,785,587$0$0$16,079,651
99$42,453,866$0$0$17,610,670
100$46,487,241$0$0$19,294,416