Can I retire at age 45 with 897,000?

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 $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%11.3%
1 years$74,073$73,414$72,770$72,142$71,528$71,137
2 years$36,670$35,987$35,325$34,683$34,061$33,666
3 years$24,204$23,518$22,858$22,222$21,610$21,224
4 years$17,972$17,288$16,635$16,010$15,412$15,038
5 years$14,234$13,554$12,909$12,297$11,716$11,355
6 years$11,743$11,068$10,432$9,834$9,271$8,922
7 years$9,964$9,295$8,669$8,085$7,539$7,204
8 years$8,630$7,967$7,352$6,782$6,255$5,933
9 years$7,594$6,937$6,333$5,777$5,267$4,959
10 years$6,765$6,115$5,521$4,980$4,488$4,193
11 years$6,087$5,444$4,861$4,334$3,860$3,578
12 years$5,523$4,886$4,314$3,802$3,345$3,076
13 years$5,046$4,415$3,854$3,356$2,917$2,660
14 years$4,637$4,013$3,463$2,979$2,557$2,312
15 years$4,283$3,666$3,126$2,657$2,251$2,019
16 years$3,974$3,364$2,835$2,379$1,990$1,769
17 years$3,701$3,098$2,579$2,138$1,764$1,554
18 years$3,459$2,863$2,355$1,926$1,569$1,370
19 years$3,243$2,653$2,156$1,741$1,398$1,210
20 years$3,049$2,465$1,978$1,576$1,249$1,070
21 years$2,873$2,296$1,820$1,431$1,118$949
22 years$2,713$2,144$1,677$1,301$1,002$842
23 years$2,568$2,005$1,548$1,185$899$749
24 years$2,435$1,878$1,432$1,081$808$667
25 years$2,313$1,763$1,326$987$727$594
26 years$2,200$1,657$1,230$902$655$530
27 years$2,096$1,559$1,142$826$591$473
28 years$1,999$1,469$1,062$757$533$422
29 years$1,909$1,386$988$694$481$377
30 years$1,826$1,309$920$637$435$337
31 years$1,748$1,237$858$585$393$302
32 years$1,675$1,171$801$538$356$270
33 years$1,606$1,109$748$494$322$242
34 years$1,542$1,051$698$455$291$217
35 years$1,482$997$653$419$264$194
36 years$1,425$946$611$386$239$174
37 years$1,371$899$572$355$217$156
38 years$1,320$854$535$327$196$140
39 years$1,272$812$502$302$178$125
40 years$1,226$773$470$278$162$113
41 years$1,183$735$441$257$147$101
42 years$1,142$700$414$237$133$91
43 years$1,103$667$388$219$121$81
44 years$1,066$636$364$202$110$73
45 years$1,030$607$342$187$99$66
46 years$997$579$321$172$90$59
47 years$964$552$302$159$82$53
48 years$933$527$284$147$74$47
49 years$904$503$267$136$68$43
50 years$876$481$251$126$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $897,000, adding $4,358 every year, while hoping to spend $28,057 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: 45/26/29 Blend
44$897,000$897,000$897,000$897,000
45$992,989$945,448$931,545$1,029,176
46$1,064,422$961,923$932,899$1,071,846
47$1,142,200$978,264$933,358$1,115,075
48$1,226,942$994,436$932,863$1,161,427
49$1,319,326$1,010,401$931,351$1,211,210
50$1,420,102$1,026,115$928,756$1,264,763
51$1,530,093$1,041,535$925,009$1,322,463
52$1,650,204$1,056,612$920,039$1,384,724
53$1,781,435$1,071,295$913,770$1,452,004
54$1,924,882$1,085,530$906,122$1,524,810
55$2,081,756$1,099,256$897,013$1,603,700
56$2,253,388$1,112,413$886,356$1,689,291
57$2,441,244$1,124,931$874,059$1,782,265
58$2,646,938$1,136,741$860,028$1,883,375
59$2,872,249$1,147,765$844,162$1,993,452
60$3,119,135$1,157,921$826,358$2,113,412
61$3,389,751$1,167,124$806,505$2,244,270
62$3,686,473$1,175,280$784,490$2,387,143
63$4,011,916$1,182,291$760,193$2,543,266
64$4,368,961$1,188,053$733,489$2,714,001
65$4,760,781$1,192,454$704,247$2,900,853
66$5,190,871$1,195,375$672,330$3,105,481
67$5,663,082$1,196,690$637,595$3,329,719
68$6,181,655$1,196,267$599,894$3,575,587
69$6,751,263$1,193,962$559,068$3,845,318
70$7,377,051$1,189,626$514,956$4,141,374
71$8,064,689$1,183,097$467,387$4,466,471
72$8,820,426$1,174,207$416,183$4,823,609
73$9,651,141$1,162,775$361,157$5,216,094
74$10,564,417$1,148,610$302,115$5,647,577
75$11,568,605$1,131,510$238,854$6,122,084
76$12,672,910$1,111,261$171,162$6,644,055
77$13,887,469$1,087,635$98,819$7,218,392
78$15,223,454$1,060,393$21,592$7,850,499
79$16,693,173$1,029,278$0$8,546,338
80$18,310,186$994,022$0$9,331,305
81$20,089,435$954,339$0$10,202,187
82$22,047,383$909,927$0$11,160,377
83$24,202,170$860,468$0$12,214,781
84$26,573,782$805,622$0$13,375,220
85$29,184,244$745,033$0$14,652,516
86$32,057,820$678,323$0$16,058,599
87$35,221,250$605,093$0$17,606,619
88$38,703,996$524,921$0$19,311,070
89$42,538,523$437,361$0$21,187,931
90$46,760,603$341,943$0$23,254,810
91$51,409,654$238,168$0$25,531,120
92$56,529,112$125,512$0$28,038,255
93$62,166,839$3,419$0$30,799,797
94$68,375,574$0$0$33,841,741
95$75,213,433$0$0$37,229,557
96$82,744,455$0$0$40,962,024
97$91,039,208$0$0$45,073,158
98$100,175,453$0$0$49,601,516
99$110,238,878$0$0$54,589,590
100$121,323,906$0$0$60,084,203