Can I retire at age 45 with 896,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$73,991$73,332$72,689$72,061$71,448$69,244
2 years$36,629$35,947$35,286$34,645$34,023$31,822
3 years$24,177$23,492$22,832$22,197$21,586$19,456
4 years$17,952$17,269$16,616$15,992$15,395$13,354
5 years$14,218$13,539$12,895$12,283$11,703$9,756
6 years$11,729$11,056$10,421$9,823$9,260$7,408
7 years$9,953$9,285$8,660$8,076$7,531$5,774
8 years$8,621$7,959$7,344$6,775$6,248$4,585
9 years$7,585$6,929$6,326$5,771$5,261$3,691
10 years$6,757$6,108$5,515$4,974$4,483$3,002
11 years$6,080$5,437$4,855$4,329$3,856$2,462
12 years$5,517$4,880$4,309$3,797$3,341$2,032
13 years$5,040$4,410$3,850$3,352$2,914$1,686
14 years$4,632$4,009$3,459$2,976$2,554$1,405
15 years$4,279$3,662$3,123$2,654$2,249$1,174
16 years$3,970$3,360$2,831$2,376$1,987$984
17 years$3,697$3,094$2,576$2,135$1,762$827
18 years$3,456$2,859$2,352$1,924$1,567$696
19 years$3,239$2,650$2,153$1,739$1,397$587
20 years$3,045$2,463$1,976$1,575$1,247$496
21 years$2,870$2,294$1,818$1,429$1,116$419
22 years$2,710$2,141$1,675$1,299$1,001$354
23 years$2,565$2,003$1,547$1,183$898$300
24 years$2,432$1,876$1,430$1,079$807$254
25 years$2,310$1,761$1,325$986$726$215
26 years$2,197$1,655$1,229$901$654$183
27 years$2,093$1,557$1,141$825$590$155
28 years$1,997$1,468$1,061$756$532$132
29 years$1,907$1,384$987$693$481$112
30 years$1,824$1,308$919$636$434$95
31 years$1,746$1,236$857$584$393$81
32 years$1,673$1,170$800$537$355$68
33 years$1,605$1,108$747$494$321$58
34 years$1,540$1,050$698$454$291$49
35 years$1,480$996$652$418$264$42
36 years$1,423$945$610$385$239$36
37 years$1,369$898$571$355$216$30
38 years$1,319$853$535$327$196$26
39 years$1,271$811$501$302$178$22
40 years$1,225$772$470$278$161$19
41 years$1,182$735$440$257$146$16
42 years$1,141$700$413$237$133$13
43 years$1,102$667$388$219$121$11
44 years$1,065$635$364$202$109$10
45 years$1,029$606$342$186$99$8
46 years$995$578$321$172$90$7
47 years$963$552$301$159$82$6
48 years$932$527$283$147$74$5
49 years$903$503$266$136$68$4
50 years$875$480$250$126$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $896,000, adding $5,252 every year, while hoping to spend $45,686 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: 45/34/21 Blend
44$896,000$896,000$896,000$896,000
45$992,809$945,321$931,433$1,031,269
46$1,045,466$943,033$914,027$1,056,548
47$1,101,963$939,100$894,506$1,079,032
48$1,162,643$933,396$872,752$1,102,477
49$1,227,884$925,783$848,640$1,126,995
50$1,298,098$916,117$822,039$1,152,710
51$1,373,741$904,243$792,814$1,179,764
52$1,455,311$890,000$760,822$1,208,316
53$1,543,357$873,214$725,914$1,238,543
54$1,638,481$853,703$687,934$1,270,646
55$1,741,345$831,274$646,719$1,304,848
56$1,852,678$805,722$602,099$1,341,401
57$1,973,278$776,829$553,897$1,380,586
58$2,104,026$744,368$501,926$1,422,716
59$2,245,888$708,093$445,992$1,468,144
60$2,399,929$667,750$385,893$1,517,260
61$2,567,319$623,067$321,417$1,570,502
62$2,749,344$573,755$252,343$1,628,359
63$2,947,420$519,513$178,440$1,691,374
64$3,163,106$460,018$99,467$1,760,154
65$3,398,116$394,932$15,172$1,835,374
66$3,654,337$323,897$0$1,917,783
67$3,933,845$246,533$0$2,024,976
68$4,238,926$162,442$0$2,145,841
69$4,572,096$71,202$0$2,278,071
70$4,936,125$0$0$2,422,881
71$5,334,061$0$0$2,591,954
72$5,769,262$0$0$2,806,094
73$6,245,423$0$0$3,040,494
74$6,766,616$0$0$3,297,170
75$7,337,322$0$0$3,578,343
76$7,962,475$0$0$3,886,459
77$8,647,512$0$0$4,224,212
78$9,398,417$0$0$4,594,567
79$10,221,785$0$0$5,000,793
80$11,124,874$0$0$5,446,487
81$12,115,683$0$0$5,935,613
82$13,203,021$0$0$6,472,539
83$14,396,592$0$0$7,062,073
84$15,707,082$0$0$7,709,513
85$17,146,267$0$0$8,420,697
86$18,727,116$0$0$9,202,052
87$20,463,917$0$0$10,060,663
88$22,372,411$0$0$11,004,333
89$24,469,938$0$0$12,041,657
90$26,775,603$0$0$13,182,107
91$29,310,452$0$0$14,436,117
92$32,097,674$0$0$15,815,184
93$35,162,815$0$0$17,331,973
94$38,534,023$0$0$19,000,439
95$42,242,308$0$0$20,835,957
96$46,321,840$0$0$22,855,469
97$50,810,265$0$0$25,077,640
98$55,749,063$0$0$27,523,036
99$61,183,937$0$0$30,214,318
100$67,165,244$0$0$33,176,454