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%19.6%
1 years$74,073$73,414$72,770$72,142$71,528$68,772
2 years$36,670$35,987$35,325$34,683$34,061$31,317
3 years$24,204$23,518$22,858$22,222$21,610$18,964
4 years$17,972$17,288$16,635$16,010$15,412$12,885
5 years$14,234$13,554$12,909$12,297$11,716$9,314
6 years$11,743$11,068$10,432$9,834$9,271$6,996
7 years$9,964$9,295$8,669$8,085$7,539$5,391
8 years$8,630$7,967$7,352$6,782$6,255$4,230
9 years$7,594$6,937$6,333$5,777$5,267$3,364
10 years$6,765$6,115$5,521$4,980$4,488$2,702
11 years$6,087$5,444$4,861$4,334$3,860$2,187
12 years$5,523$4,886$4,314$3,802$3,345$1,782
13 years$5,046$4,415$3,854$3,356$2,917$1,458
14 years$4,637$4,013$3,463$2,979$2,557$1,198
15 years$4,283$3,666$3,126$2,657$2,251$987
16 years$3,974$3,364$2,835$2,379$1,990$816
17 years$3,701$3,098$2,579$2,138$1,764$675
18 years$3,459$2,863$2,355$1,926$1,569$560
19 years$3,243$2,653$2,156$1,741$1,398$465
20 years$3,049$2,465$1,978$1,576$1,249$387
21 years$2,873$2,296$1,820$1,431$1,118$322
22 years$2,713$2,144$1,677$1,301$1,002$268
23 years$2,568$2,005$1,548$1,185$899$223
24 years$2,435$1,878$1,432$1,081$808$186
25 years$2,313$1,763$1,326$987$727$155
26 years$2,200$1,657$1,230$902$655$130
27 years$2,096$1,559$1,142$826$591$108
28 years$1,999$1,469$1,062$757$533$90
29 years$1,909$1,386$988$694$481$75
30 years$1,826$1,309$920$637$435$63
31 years$1,748$1,237$858$585$393$53
32 years$1,675$1,171$801$538$356$44
33 years$1,606$1,109$748$494$322$37
34 years$1,542$1,051$698$455$291$31
35 years$1,482$997$653$419$264$26
36 years$1,425$946$611$386$239$21
37 years$1,371$899$572$355$217$18
38 years$1,320$854$535$327$196$15
39 years$1,272$812$502$302$178$13
40 years$1,226$773$470$278$162$10
41 years$1,183$735$441$257$147$9
42 years$1,142$700$414$237$133$7
43 years$1,103$667$388$219$121$6
44 years$1,066$636$364$202$110$5
45 years$1,030$607$342$187$99$4
46 years$997$579$321$172$90$4
47 years$964$552$302$159$82$3
48 years$933$527$284$147$74$3
49 years$904$503$267$136$68$2
50 years$876$481$251$126$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $897,000, adding $4,738 every year, while hoping to spend $39,073 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: 26/44/30 Blend
44$897,000$897,000$897,000$897,000
45$993,381$945,840$931,937$1,009,849
46$1,053,133$950,613$921,583$1,028,662
47$1,117,669$954,310$909,573$1,045,212
48$1,187,438$956,838$895,810$1,062,180
49$1,262,929$958,096$880,193$1,079,629
50$1,344,684$957,978$862,615$1,097,633
51$1,433,295$956,372$842,966$1,116,274
52$1,529,415$953,158$821,129$1,135,649
53$1,633,762$948,209$796,983$1,155,868
54$1,747,125$941,391$770,402$1,177,055
55$1,870,372$932,560$741,251$1,199,351
56$2,004,460$921,565$709,393$1,222,918
57$2,150,439$908,246$674,682$1,247,938
58$2,309,466$892,432$636,966$1,274,617
59$2,482,814$873,944$596,086$1,303,187
60$2,671,883$852,589$551,877$1,333,909
61$2,878,216$828,167$504,166$1,367,080
62$3,103,509$800,462$452,771$1,403,030
63$3,349,632$769,249$397,503$1,442,131
64$3,618,640$734,288$338,165$1,484,802
65$3,912,798$695,325$274,551$1,531,510
66$4,234,600$652,093$206,444$1,582,779
67$4,586,790$604,307$133,622$1,639,196
68$4,972,393$551,667$55,847$1,701,414
69$5,394,735$493,858$0$1,770,167
70$5,857,484$430,543$0$1,854,961
71$6,364,677$361,369$0$1,967,660
72$6,920,760$285,962$0$2,091,467
73$7,530,631$203,927$0$2,227,605
74$8,199,682$114,847$0$2,377,423
75$8,933,857$18,281$0$2,542,422
76$9,739,697$0$0$2,724,259
77$10,624,414$0$0$2,966,528
78$11,595,946$0$0$3,242,448
79$12,663,041$0$0$3,545,671
80$13,835,336$0$0$3,878,957
81$15,123,446$0$0$4,245,344
82$16,539,065$0$0$4,648,181
83$18,095,078$0$0$5,091,156
84$19,805,679$0$0$5,578,334
85$21,686,506$0$0$6,114,192
86$23,754,787$0$0$6,703,664
87$26,029,505$0$0$7,352,186
88$28,531,574$0$0$8,065,747
89$31,284,036$0$0$8,850,945
90$34,312,281$0$0$9,715,052
91$37,644,280$0$0$10,666,079
92$41,310,855$0$0$11,712,854
93$45,345,967$0$0$12,865,103
94$49,787,035$0$0$14,133,544
95$54,675,289$0$0$15,529,986
96$60,056,159$0$0$17,067,442
97$65,979,704$0$0$18,760,251
98$72,501,081$0$0$20,624,212
99$79,681,070$0$0$22,676,735
100$87,586,641$0$0$24,937,004