Can I retire at age 45 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$74,156$73,495$72,851$72,222$71,608$71,097
2 years$36,711$36,027$35,365$34,722$34,099$33,584
3 years$24,231$23,544$22,883$22,247$21,634$21,130
4 years$17,992$17,307$16,653$16,028$15,429$14,941
5 years$14,250$13,569$12,924$12,311$11,729$11,258
6 years$11,756$11,080$10,444$9,845$9,281$8,828
7 years$9,975$9,305$8,679$8,094$7,548$7,112
8 years$8,640$7,976$7,361$6,790$6,262$5,844
9 years$7,602$6,945$6,340$5,784$5,273$4,873
10 years$6,772$6,122$5,527$4,985$4,493$4,111
11 years$6,094$5,450$4,866$4,339$3,864$3,499
12 years$5,529$4,891$4,318$3,806$3,349$3,000
13 years$5,051$4,420$3,858$3,360$2,920$2,588
14 years$4,642$4,018$3,467$2,983$2,560$2,244
15 years$4,288$3,670$3,130$2,660$2,254$1,954
16 years$3,978$3,368$2,838$2,382$1,992$1,707
17 years$3,706$3,101$2,582$2,140$1,766$1,496
18 years$3,463$2,866$2,357$1,928$1,570$1,315
19 years$3,247$2,656$2,158$1,743$1,400$1,158
20 years$3,052$2,468$1,980$1,578$1,250$1,022
21 years$2,876$2,299$1,822$1,432$1,119$903
22 years$2,716$2,146$1,679$1,302$1,003$799
23 years$2,571$2,007$1,550$1,186$900$708
24 years$2,438$1,881$1,434$1,082$809$629
25 years$2,315$1,765$1,328$988$728$558
26 years$2,202$1,659$1,231$903$656$496
27 years$2,098$1,561$1,144$827$591$442
28 years$2,001$1,471$1,063$758$534$393
29 years$1,912$1,388$989$695$482$350
30 years$1,828$1,310$921$638$435$312
31 years$1,750$1,239$859$586$394$278
32 years$1,677$1,172$802$538$356$248
33 years$1,608$1,110$748$495$322$222
34 years$1,544$1,052$699$455$292$198
35 years$1,483$998$654$419$264$177
36 years$1,426$947$612$386$239$158
37 years$1,372$900$572$356$217$141
38 years$1,322$855$536$328$197$126
39 years$1,273$813$502$302$178$113
40 years$1,228$773$471$279$162$101
41 years$1,184$736$441$257$147$90
42 years$1,143$701$414$237$133$81
43 years$1,104$668$389$219$121$72
44 years$1,067$637$365$202$110$64
45 years$1,031$607$342$187$100$58
46 years$998$579$322$173$90$52
47 years$965$553$302$159$82$46
48 years$935$528$284$147$75$41
49 years$905$504$267$136$68$37
50 years$877$481$251$126$62$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $898,000, adding $6,013 every year, while hoping to spend $38,869 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: 63/20/17 Blend
44$898,000$898,000$898,000$898,000
45$995,798$948,204$934,285$1,053,931
46$1,056,014$953,310$924,228$1,098,833
47$1,121,068$957,363$912,530$1,142,897
48$1,191,414$960,271$899,097$1,190,092
49$1,267,549$961,936$883,828$1,240,727
50$1,350,021$962,252$866,618$1,295,140
51$1,439,429$961,109$847,356$1,353,707
52$1,536,437$958,388$825,928$1,416,841
53$1,641,769$953,966$802,212$1,485,000
54$1,756,227$947,708$776,084$1,558,689
55$1,880,691$939,473$747,411$1,638,466
56$2,016,127$929,113$716,055$1,724,949
57$2,163,601$916,469$681,872$1,818,818
58$2,324,285$901,373$644,712$1,920,825
59$2,499,470$883,648$604,417$2,031,800
60$2,690,573$863,104$560,822$2,152,662
61$2,899,157$839,542$513,756$2,284,422
62$3,126,943$812,751$463,039$2,428,198
63$3,375,824$782,508$408,483$2,585,226
64$3,647,883$748,576$349,892$2,756,869
65$3,945,415$710,705$287,062$2,944,631
66$4,270,948$668,629$219,778$3,150,174
67$4,627,262$622,070$147,818$3,375,330
68$5,017,422$570,730$70,949$3,622,125
69$5,444,800$514,298$0$3,892,792
70$5,913,113$452,441$0$4,191,808
71$6,426,451$384,812$0$4,533,746
72$6,989,321$311,040$0$4,908,776
73$7,606,686$230,735$0$5,320,260
74$8,284,013$143,485$0$5,771,907
75$9,027,322$48,856$0$6,267,806
76$9,843,247$0$0$6,812,464
77$10,739,093$0$0$7,422,652
78$11,722,908$0$0$8,104,634
79$12,803,557$0$0$8,853,811
80$13,990,808$0$0$9,676,963
81$15,295,419$0$0$10,581,559
82$16,729,242$0$0$11,575,826
83$18,305,337$0$0$12,668,829
84$20,038,090$0$0$13,870,555
85$21,943,350$0$0$15,192,007
86$24,038,580$0$0$16,645,306
87$26,343,019$0$0$18,243,809
88$28,877,865$0$0$20,002,231
89$31,666,473$0$0$21,936,784
90$34,734,575$0$0$24,065,333
91$38,110,524$0$0$26,407,561
92$41,825,560$0$0$28,985,154
93$45,914,105$0$0$31,822,008
94$50,414,085$0$0$34,944,453
95$55,367,290$0$0$38,381,500
96$60,819,768$0$0$42,165,117
97$66,822,256$0$0$46,330,527
98$73,430,662$0$0$50,916,542
99$80,706,591$0$0$55,965,930
100$88,717,924$0$0$61,525,817