Can I retire at age 45 with 898,000?

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 $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%18.1%
1 years$74,156$73,495$72,851$72,222$71,608$69,260
2 years$36,711$36,027$35,365$34,722$34,099$31,756
3 years$24,231$23,544$22,883$22,247$21,634$19,369
4 years$17,992$17,307$16,653$16,028$15,429$13,261
5 years$14,250$13,569$12,924$12,311$11,729$9,662
6 years$11,756$11,080$10,444$9,845$9,281$7,317
7 years$9,975$9,305$8,679$8,094$7,548$5,687
8 years$8,640$7,976$7,361$6,790$6,262$4,502
9 years$7,602$6,945$6,340$5,784$5,273$3,613
10 years$6,772$6,122$5,527$4,985$4,493$2,930
11 years$6,094$5,450$4,866$4,339$3,864$2,395
12 years$5,529$4,891$4,318$3,806$3,349$1,970
13 years$5,051$4,420$3,858$3,360$2,920$1,629
14 years$4,642$4,018$3,467$2,983$2,560$1,353
15 years$4,288$3,670$3,130$2,660$2,254$1,127
16 years$3,978$3,368$2,838$2,382$1,992$941
17 years$3,706$3,101$2,582$2,140$1,766$788
18 years$3,463$2,866$2,357$1,928$1,570$661
19 years$3,247$2,656$2,158$1,743$1,400$555
20 years$3,052$2,468$1,980$1,578$1,250$467
21 years$2,876$2,299$1,822$1,432$1,119$393
22 years$2,716$2,146$1,679$1,302$1,003$331
23 years$2,571$2,007$1,550$1,186$900$279
24 years$2,438$1,881$1,434$1,082$809$236
25 years$2,315$1,765$1,328$988$728$199
26 years$2,202$1,659$1,231$903$656$168
27 years$2,098$1,561$1,144$827$591$142
28 years$2,001$1,471$1,063$758$534$120
29 years$1,912$1,388$989$695$482$101
30 years$1,828$1,310$921$638$435$86
31 years$1,750$1,239$859$586$394$73
32 years$1,677$1,172$802$538$356$61
33 years$1,608$1,110$748$495$322$52
34 years$1,544$1,052$699$455$292$44
35 years$1,483$998$654$419$264$37
36 years$1,426$947$612$386$239$31
37 years$1,372$900$572$356$217$27
38 years$1,322$855$536$328$197$23
39 years$1,273$813$502$302$178$19
40 years$1,228$773$471$279$162$16
41 years$1,184$736$441$257$147$14
42 years$1,143$701$414$237$133$12
43 years$1,104$668$389$219$121$10
44 years$1,067$637$365$202$110$8
45 years$1,031$607$342$187$100$7
46 years$998$579$322$173$90$6
47 years$965$553$302$159$82$5
48 years$935$528$284$147$75$4
49 years$905$504$267$136$68$4
50 years$877$481$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $898,000, adding $2,491 every year, while hoping to spend $25,204 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: 25/47/28 Blend
44$898,000$898,000$898,000$898,000
45$992,165$944,571$930,652$1,008,207
46$1,066,549$964,039$935,012$1,041,261
47$1,147,676$983,615$938,674$1,074,372
48$1,236,206$1,003,279$941,586$1,109,350
49$1,332,867$1,023,008$943,698$1,146,370
50$1,438,461$1,042,777$944,953$1,185,625
51$1,553,869$1,062,558$945,294$1,227,326
52$1,680,062$1,082,321$944,660$1,271,710
53$1,818,109$1,102,036$942,987$1,319,037
54$1,969,188$1,121,667$940,208$1,369,594
55$2,134,594$1,141,178$936,254$1,423,701
56$2,315,754$1,160,527$931,050$1,481,710
57$2,514,241$1,179,674$924,521$1,544,010
58$2,731,786$1,198,570$916,584$1,611,032
59$2,970,295$1,217,166$907,156$1,683,252
60$3,231,867$1,235,409$896,148$1,761,198
61$3,518,815$1,253,242$883,467$1,845,450
62$3,833,688$1,270,604$869,016$1,936,654
63$4,179,289$1,287,430$852,694$2,035,519
64$4,558,711$1,303,648$834,394$2,142,833
65$4,975,358$1,319,185$814,004$2,259,465
66$5,432,980$1,333,960$791,409$2,386,374
67$5,935,708$1,347,889$766,485$2,524,622
68$6,488,095$1,360,880$739,107$2,675,380
69$7,095,154$1,372,836$709,140$2,839,945
70$7,762,409$1,383,655$676,446$3,019,746
71$8,495,946$1,393,225$640,878$3,216,364
72$9,302,469$1,401,430$602,284$3,431,544
73$10,189,366$1,408,145$560,506$3,667,215
74$11,164,774$1,413,237$515,376$3,925,504
75$12,237,661$1,416,566$466,721$4,208,762
76$13,417,907$1,417,981$414,360$4,519,586
77$14,716,395$1,417,324$358,103$4,860,840
78$16,145,120$1,414,426$297,752$5,235,688
79$17,717,296$1,409,106$233,100$5,647,623
80$19,447,483$1,401,175$163,932$6,100,499
81$21,351,724$1,390,431$90,022$6,598,573
82$23,447,697$1,376,659$11,134$7,146,540
83$25,754,879$1,359,632$0$7,749,583
84$28,294,732$1,339,110$0$8,435,249
85$31,090,906$1,314,837$0$9,192,992
86$34,169,457$1,286,543$0$10,026,528
87$37,559,100$1,253,942$0$10,943,625
88$41,291,474$1,216,731$0$11,952,851
89$45,401,443$1,174,589$0$13,063,650
90$49,927,423$1,127,177$0$14,286,440
91$54,911,746$1,074,134$0$15,632,704
92$60,401,060$1,015,083$0$17,115,106
93$66,446,765$949,619$0$18,747,609
94$73,105,504$877,319$0$20,545,605
95$80,439,691$797,733$0$22,526,069
96$88,518,104$710,386$0$24,707,713
97$97,416,532$614,777$0$27,111,170
98$107,218,491$510,375$0$29,759,185
99$118,016,013$396,619$0$32,676,837
100$129,910,512$272,918$0$35,891,771