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%17.9%
1 years$74,073$73,414$72,770$72,142$71,528$69,238
2 years$36,670$35,987$35,325$34,683$34,061$31,775
3 years$24,204$23,518$22,858$22,222$21,610$19,400
4 years$17,972$17,288$16,635$16,010$15,412$13,295
5 years$14,234$13,554$12,909$12,297$11,716$9,697
6 years$11,743$11,068$10,432$9,834$9,271$7,352
7 years$9,964$9,295$8,669$8,085$7,539$5,720
8 years$8,630$7,967$7,352$6,782$6,255$4,534
9 years$7,594$6,937$6,333$5,777$5,267$3,643
10 years$6,765$6,115$5,521$4,980$4,488$2,958
11 years$6,087$5,444$4,861$4,334$3,860$2,421
12 years$5,523$4,886$4,314$3,802$3,345$1,995
13 years$5,046$4,415$3,854$3,356$2,917$1,651
14 years$4,637$4,013$3,463$2,979$2,557$1,373
15 years$4,283$3,666$3,126$2,657$2,251$1,145
16 years$3,974$3,364$2,835$2,379$1,990$958
17 years$3,701$3,098$2,579$2,138$1,764$803
18 years$3,459$2,863$2,355$1,926$1,569$674
19 years$3,243$2,653$2,156$1,741$1,398$567
20 years$3,049$2,465$1,978$1,576$1,249$478
21 years$2,873$2,296$1,820$1,431$1,118$403
22 years$2,713$2,144$1,677$1,301$1,002$340
23 years$2,568$2,005$1,548$1,185$899$287
24 years$2,435$1,878$1,432$1,081$808$243
25 years$2,313$1,763$1,326$987$727$205
26 years$2,200$1,657$1,230$902$655$174
27 years$2,096$1,559$1,142$826$591$147
28 years$1,999$1,469$1,062$757$533$124
29 years$1,909$1,386$988$694$481$105
30 years$1,826$1,309$920$637$435$89
31 years$1,748$1,237$858$585$393$76
32 years$1,675$1,171$801$538$356$64
33 years$1,606$1,109$748$494$322$54
34 years$1,542$1,051$698$455$291$46
35 years$1,482$997$653$419$264$39
36 years$1,425$946$611$386$239$33
37 years$1,371$899$572$355$217$28
38 years$1,320$854$535$327$196$24
39 years$1,272$812$502$302$178$20
40 years$1,226$773$470$278$162$17
41 years$1,183$735$441$257$147$15
42 years$1,142$700$414$237$133$12
43 years$1,103$667$388$219$121$10
44 years$1,066$636$364$202$110$9
45 years$1,030$607$342$187$99$8
46 years$997$579$321$172$90$6
47 years$964$552$302$159$82$5
48 years$933$527$284$147$74$5
49 years$904$503$267$136$68$4
50 years$876$481$251$126$61$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $897,000, adding $6,053 every year, while hoping to spend $34,936 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: 68/10/22 Blend
44$897,000$897,000$897,000$897,000
45$994,738$947,197$933,293$1,056,471
46$1,059,029$956,438$927,387$1,107,819
47$1,128,708$964,961$920,112$1,159,369
48$1,204,286$972,693$911,385$1,214,929
49$1,286,327$979,559$901,120$1,274,895
50$1,375,451$985,476$889,227$1,339,703
51$1,472,340$990,358$875,609$1,409,832
52$1,577,744$994,111$860,168$1,485,812
53$1,692,490$996,638$842,799$1,568,229
54$1,817,484$997,834$823,393$1,657,727
55$1,953,728$997,588$801,837$1,755,017
56$2,102,320$995,782$778,011$1,860,886
57$2,264,472$992,291$751,790$1,976,199
58$2,441,517$986,982$723,043$2,101,910
59$2,634,921$979,713$691,635$2,239,075
60$2,846,301$970,337$657,422$2,388,854
61$3,077,433$958,693$620,255$2,552,531
62$3,330,277$944,614$579,979$2,731,520
63$3,606,987$927,922$536,430$2,927,380
64$3,909,938$908,429$489,439$3,141,832
65$4,241,743$885,934$438,827$3,376,773
66$4,605,282$860,225$384,409$3,634,297
67$5,003,725$831,080$325,991$3,916,712
68$5,440,563$798,261$263,369$4,226,564
69$5,919,642$761,518$196,334$4,566,659
70$6,445,198$720,584$124,663$4,940,095
71$7,021,895$675,180$48,126$5,350,285
72$7,654,873$625,009$0$5,800,994
73$8,349,792$569,756$0$6,304,252
74$9,112,888$509,091$0$6,869,327
75$9,951,029$442,664$0$7,490,022
76$10,871,783$370,102$0$8,171,967
77$11,883,484$291,017$0$8,921,366
78$12,995,317$204,994$0$9,745,059
79$14,217,397$111,597$0$10,650,579
80$15,560,871$10,365$0$11,646,231
81$17,038,019$0$0$12,741,164
82$18,662,368$0$0$13,956,378
83$20,448,825$0$0$15,294,181
84$22,413,812$0$0$16,765,739
85$24,575,423$0$0$18,384,610
86$26,953,593$0$0$20,165,732
87$29,570,288$0$0$22,125,564
88$32,449,710$0$0$24,282,240
89$35,618,526$0$0$26,655,744
90$39,106,117$0$0$29,268,092
91$42,944,859$0$0$32,143,543
92$47,170,426$0$0$35,308,829
93$51,822,124$0$0$38,793,403
94$56,943,265$0$0$42,629,721
95$62,581,574$0$0$46,853,543
96$68,789,638$0$0$51,504,277
97$75,625,405$0$0$56,625,343
98$83,152,725$0$0$62,264,589
99$91,441,958$0$0$68,474,736
100$100,570,633$0$0$75,313,882