Can I retire at age 45 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$74,073$73,414$72,770$72,142$71,528$70,314
2 years$36,670$35,987$35,325$34,683$34,061$32,842
3 years$24,204$23,518$22,858$22,222$21,610$20,423
4 years$17,972$17,288$16,635$16,010$15,412$14,267
5 years$14,234$13,554$12,909$12,297$11,716$10,616
6 years$11,743$11,068$10,432$9,834$9,271$8,217
7 years$9,964$9,295$8,669$8,085$7,539$6,533
8 years$8,630$7,967$7,352$6,782$6,255$5,294
9 years$7,594$6,937$6,333$5,777$5,267$4,353
10 years$6,765$6,115$5,521$4,980$4,488$3,619
11 years$6,087$5,444$4,861$4,334$3,860$3,035
12 years$5,523$4,886$4,314$3,802$3,345$2,563
13 years$5,046$4,415$3,854$3,356$2,917$2,176
14 years$4,637$4,013$3,463$2,979$2,557$1,857
15 years$4,283$3,666$3,126$2,657$2,251$1,591
16 years$3,974$3,364$2,835$2,379$1,990$1,367
17 years$3,701$3,098$2,579$2,138$1,764$1,178
18 years$3,459$2,863$2,355$1,926$1,569$1,018
19 years$3,243$2,653$2,156$1,741$1,398$881
20 years$3,049$2,465$1,978$1,576$1,249$763
21 years$2,873$2,296$1,820$1,431$1,118$663
22 years$2,713$2,144$1,677$1,301$1,002$576
23 years$2,568$2,005$1,548$1,185$899$501
24 years$2,435$1,878$1,432$1,081$808$437
25 years$2,313$1,763$1,326$987$727$381
26 years$2,200$1,657$1,230$902$655$332
27 years$2,096$1,559$1,142$826$591$290
28 years$1,999$1,469$1,062$757$533$253
29 years$1,909$1,386$988$694$481$221
30 years$1,826$1,309$920$637$435$193
31 years$1,748$1,237$858$585$393$169
32 years$1,675$1,171$801$538$356$148
33 years$1,606$1,109$748$494$322$129
34 years$1,542$1,051$698$455$291$113
35 years$1,482$997$653$419$264$99
36 years$1,425$946$611$386$239$87
37 years$1,371$899$572$355$217$76
38 years$1,320$854$535$327$196$66
39 years$1,272$812$502$302$178$58
40 years$1,226$773$470$278$162$51
41 years$1,183$735$441$257$147$45
42 years$1,142$700$414$237$133$39
43 years$1,103$667$388$219$121$34
44 years$1,066$636$364$202$110$30
45 years$1,030$607$342$187$99$26
46 years$997$579$321$172$90$23
47 years$964$552$302$159$82$20
48 years$933$527$284$147$74$18
49 years$904$503$267$136$68$15
50 years$876$481$251$126$61$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $897,000, adding $5,128 every year, while hoping to spend $45,340 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: 46/33/21 Blend
44$897,000$897,000$897,000$897,000
45$993,784$946,243$932,339$1,033,309
46$1,046,908$944,367$915,331$1,059,652
47$1,103,932$940,880$896,234$1,083,313
48$1,165,204$935,655$874,929$1,108,050
49$1,231,110$928,556$851,294$1,133,986
50$1,302,070$919,443$825,199$1,161,255
51$1,378,547$908,162$796,510$1,190,012
52$1,461,051$894,554$765,085$1,220,429
53$1,550,140$878,449$730,777$1,252,697
54$1,646,428$859,666$693,431$1,287,033
55$1,750,590$838,016$652,887$1,323,677
56$1,863,367$813,296$608,976$1,362,899
57$1,985,576$785,292$561,522$1,405,001
58$2,118,112$753,779$510,341$1,450,319
59$2,261,963$718,517$455,240$1,499,229
60$2,418,211$679,253$396,019$1,552,149
61$2,588,052$635,720$332,469$1,609,546
62$2,772,796$587,633$264,369$1,671,941
63$2,973,888$534,694$191,493$1,739,911
64$3,192,918$476,587$113,600$1,814,101
65$3,431,632$412,976$30,443$1,895,228
66$3,691,956$343,509$0$1,984,089
67$3,976,007$267,813$0$2,094,633
68$4,286,117$185,493$0$2,222,909
69$4,624,852$96,133$0$2,363,245
70$4,995,036$0$0$2,516,921
71$5,399,781$0$0$2,685,607
72$5,842,510$0$0$2,908,408
73$6,326,993$0$0$3,152,325
74$6,857,384$0$0$3,419,459
75$7,438,252$0$0$3,712,127
76$8,074,634$0$0$4,032,880
77$8,772,074$0$0$4,384,526
78$9,536,678$0$0$4,770,160
79$10,375,172$0$0$5,193,188
80$11,294,964$0$0$5,657,363
81$12,304,213$0$0$6,166,821
82$13,411,905$0$0$6,726,114
83$14,627,941$0$0$7,340,258
84$15,963,225$0$0$8,014,780
85$17,429,771$0$0$8,755,766
86$19,040,810$0$0$9,569,923
87$20,810,921$0$0$10,464,637
88$22,756,164$0$0$11,448,047
89$24,894,231$0$0$12,529,120
90$27,244,615$0$0$13,717,733
91$29,828,789$0$0$15,024,770
92$32,670,414$0$0$16,462,221
93$35,795,557$0$0$18,043,298
94$39,232,935$0$0$19,782,555
95$43,014,193$0$0$21,696,029
96$47,174,192$0$0$23,801,392
97$51,751,348$0$0$26,118,111
98$56,787,983$0$0$28,667,637
99$62,330,731$0$0$31,473,609
100$68,430,977$0$0$34,562,068